Archive for November, 2009
(ERTS) Electronic Arts Beats Forecasts – Acquires Playfish
Strong Second-Quarter Results Electronic Arts Inc. (ERTS) reported better-than-expected second-quarter results with a steep rise in net earnings and growth in revenue. Net income, excluding non-recurring items of 6 cents per share increased 200% from the year-ago loss per share...
11Nov2009 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Corporation Settles Lawsuit – Lowers Results
Boston Scientific Corporation (BSX) settled its $296 million lawsuit with the U.S. Department of Justice (DOJ) related to product advisories issued by its Guidant subsidiary in 2005. The litigation pertained to alleged violations of the Food, Drug, and Cosmetic Act by Guidant....
11Nov2009 | vitalstocks | 0 comments | Continued($C) Citigroup Luring Employees with Options
Citigroup Inc. (C) has allocated several million stock options this week to more than a quarter of its employees, encouraging them to remain with the company especially when their competitors are on a hiring spree. Citigroup employees have witnessed massive erosion of their stock...
11Nov2009 | vitalstocks | 0 comments | Continued($HPQ) Hewlett Packard Company Eyes the Small and Midsize Business Market
Hewlett Packard Company (HPQ) is currently focusing on the small and midsize business (SMB) segment. This has prompted the company to enhance the HP Total Care portfolio, which is expected to enhance the productivity of these companies and at the same time reduce the negative...
11Nov2009 | vitalstocks | 0 comments | Continued(SNTS) Top Performer for Wed: Santarus- Zacks #1 Rank Top Performers
Shares of Santarus, Inc. (SNTS) have moved north of 7.5% this morning, which has made this specialty biopharmaceutical company a top-performing Zacks #1 Rank stock. Last week, the company announced third-quarter results that included another positive earnings per share surprise,...
11Nov2009 | vitalstocks | 0 comments | Continued(ENZN) Enzon Beats Expectations – Announces Sell-off
Enzon (ENZN) achieved break-even earnings during the third quarter of 2009, better than the Zacks Consensus Estimate of loss of 7 cents but below the year-ago earnings of 1 cent. The company reported revenues of $44.6 million, a decline of 9% compared to $48.8 million reported...
11Nov2009 | vitalstocks | 0 comments | Continued(FSYS) The Return of the Living Dead – Zacks Industry Rank Analysis
Industry Rank Analysis 11-11-09 OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead. Case in point, is the top performing sector — Auto-Truck-Tires. Out of 206 industries...
11Nov2009 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharma Beats Estimates
Optimer Pharma’s (OPTR) third quarter loss per share came in at 28 cents, better than the Zacks Consensus Estimate of a loss of 36 cents and loss of 31 cents reported in the year-ago period. The company does not have any marketed products at present; it derives revenues primarily...
11Nov2009 | vitalstocks | 0 comments | Continued(BLL) Ball Corporation Strengthens Presence in China
Ball Corporation (BLL) announced its plans to acquire the remaining 65% interest in a joint venture metal beverage can and end plant in Sanshui, China, from Guangdong Jianlibao Group Co., Ltd. Ball has owned 35% of the joint venture plant since 1992. Ball agreed to buy the plant...
11Nov2009 | vitalstocks | 0 comments | Continued(GILD) Top Franklin Templeton Funds – Mutual Fund Education
Franklin Biotechnology Discovery A (MAPTX) seeks capital appreciation by primarily investing in securities of biotechnology companies and discovery research firms. This non-diversified fund may invest a substantial portion of assets in equity securities of smaller capitalization...
11Nov2009 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Company to Lift Salary Freeze
According to an internal memo to all employees, JPMorgan Chase & Company (JPM) will lift a salary freeze it put in place last year. The salary freeze was applicable for employees making more than $60,000 a year. The decision to lift the salary freeze is a part of JPMorgan’s...
11Nov2009 | vitalstocks | 0 comments | Continued(INT) World Fuel Services Corporation – Earnings Estimates Climb
World Fuel Services Corp. (INT) just reported better than expected Q3 results, making it four out of the last four quarters that the company has beat the Street. Company Description World Fuel Services Corp. provides marine, aviation and land fuel services and products worldwide....
11Nov2009 | vitalstocks | 0 comments | Continued(DISH) Dish Network’s Third Quarter Disappoints
Satellite TV major Dish Network Corp.’s (DISH) third-quarter earnings slipped 12.3% on higher subscriber-related costs and litigation expenses associated with TiVo Inc. (TIVO). The company reported earnings of $80.6 million, or 18 cents per share, compared to $91.9 million,...
11Nov2009 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group’s Profit Leaps 15% Year-Over-Year
Vodafone Group Plc (VOD), the largest wireless carrier in the world by revenue, has announced interim results for fiscal year 2010 with adjusted net income of £4.58 billion (US$7.3 billion) increasing 15% year over year from £3.99 billion (US$6.4 billion) reported a year ago,...
11Nov2009 | vitalstocks | 0 comments | Continued(L) Loews Corporation Upgraded by Analysts
We are upgrading our recommendation on the shares of Loews Corp. (L) to Neutral. The company’s third-quarter earnings of $1.08 per share was well ahead of the Zacks Consensus Estimate of 87 cents a share. Loews reported a loss of 33 cents a share in the year-ago quarter. The...
11Nov2009 | vitalstocks | 0 comments | Continued(CRTX) Cornerstone Therapeutics Tops Consensus Estimates
Cornerstone Therapeutics Inc. (CRTX) reported third-quarter earnings per share of 7 cents, compared to a profit of 49 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at 1 cent. Net revenues for the quarter were up 12.1% to $23.1 million as against $20.6...
11Nov2009 | vitalstocks | 0 comments | Continued(WMGI) Wright Medical Group Receives FDA Approval
Wright Medical Group, Inc. (WMGI) recently received the Food and Drug administration (FDA) approval to market its CONSERVE Plus Total Hip Resurfacing System in the U.S. The new system, which has received FDA approval, provides surgeons with a bone-conserving alternative to traditional...
11Nov2009 | vitalstocks | 0 comments | Continued(LAD) Lithia Motors Reports Improved Quarter
Lithia Motors (LAD) announced a profit of $7.2 million or 33 cents per share, before special items, in the third quarter, an improvement from $1.45 million or 7 cents per share in the year-ago period. This was attributed to increased sales due to the U.S. Government’s “Cash...
10Nov2009 | vitalstocks | 0 comments | Continued(KWK) Quicksilver Resources Profits Above Consensus Estimates
Quicksilver Resources Inc. (KWK) posted third quarter 2009 earnings of 25 cents per share, slightly above the Zacks Consensus Estimate of 21 cents. However, results dropped versus last year’s earnings of 40 cents. Total revenues in the quarter declined 13% year over year to...
10Nov2009 | vitalstocks | 0 comments | Continued(FRE) Freddie Mac Gets Boost From Government Program
Freddie Mac’s (FRE) third quarter net loss (available to common shareholders) came in at $1.94 per share, compared to a net loss of 11 cents in the prior quarter and $19.44 in the prior-year quarter. Results for the quarter exclude the preferred dividend of $1.3 million paid...
10Nov2009 | vitalstocks | 0 comments | Continued(RPM) RPM International Inc. – Earnings in the Fiscal First Quarter 2010
RPM International Inc. (RPM) recently raised its dividend for the 36th consecutive year. Analysts expect earnings growth of 20.41% in fiscal 2010. Company Description RPM International is a holding company for subsidiaries that manufacture specialty coatings and sealants for...
10Nov2009 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group’s Earnings in Line
The Hain Celestial Group, Inc. (HAIN), recently reported first-quarter 2010 results. The quarterly earnings of 23 cents a share were in line with the Zacks Consensus Estimate, but fell 17.9% from 28 cents delivered in the prior-year quarter. However, on a reported basis Incorporatedluding...
10Nov2009 | vitalstocks | 0 comments | Continued(LL) Lumber Liquidators, Inc. – Consensus Estimates Rise
Lumber Liquidators, Inc. (LL) expects to open an additional 34 to 36 stores in 2009 despite the challenging retail environment. Analysts expect year over year earnings growth in 2009 of 15.37%. Lumber Liquidators is the largest retailer of hardwood floor in the United States....
10Nov2009 | vitalstocks | 0 comments | Continued(SYNT) Syntel – ROE of 40%, More Than Doubling the Industry-Average of 14%.
Syntel (SYNT) recently declared a regular quarterly dividend of 6 cents per share, which translates into an industry-leading yield of 0.6%. The company also reported third-quarter earnings of 73 cents per share, eclipsing last year’s 54 cents and topping the Zacks Consensus...
10Nov2009 | vitalstocks | 0 comments | Continued(CELL) Brightpoint’s Earnings Beats Consensus Estimates
Brightpoint Inc. (CELL) declared solid financial results for the third quarter of 2009. Quarterly total revenue of $867.9 billion was down 26% year-over-year but was an improvement of 21% sequentially. Third quarter revenue of $867.9 million was significantly above the Zacks...
10Nov2009 | vitalstocks | 0 comments | Continued(NHP) Nationwide Health Properties’ Revenue Rises
Nationwide Health Properties Inc. (NHP), a real estate investment trust (REIT) investing in healthcare related assets in the U.S., has reported a 3.4% increase in total revenues in the third quarter of 2009 to $97.8 million compared to $94.6 million in the year-earlier quarter. During...
10Nov2009 | vitalstocks | 0 comments | Continued(NXY) Nexen’s Earnings Report Falls Short of Estimates
Nexen Inc. (NXY) reported third-quarter recurring earnings of 21 cents (23 Canadian cents) per share, below the Zacks Consensus Estimate of 27 cents and lasts year’s earnings of $1.62 (C$1.68). Production during the quarter, before royalties, averaged 214 thousand barrels of...
10Nov2009 | vitalstocks | 0 comments | Continued(NVDA) NVIDIA Corporation – Bull of the Day
NVIDIA Corp. (NVDA) posted revenue and earnings well above expectations. NVIDIA is poised for growth through improved cost management, rising demand for GPU and graphics chips Incorporatedreased orders mainly from China and product launches. The company is introducing new products...
10Nov2009 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners L.P. Reports Weak Results
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced weak third quarter results, as low commodity prices more than offset record results from its terminals segment. The partnership reported earnings per unit (EPU) of 43 cents, missing the Zacks...
10Nov2009 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Posts Mixed Results
j2 Global Communications, Inc. (JCOM) reported mixed financial results for its third quarter. Total revenues of $61.8 million remained flat year over year, but were below the Zacks Consensus Estimate of $63 million. Subscriber Usage revenues were $61 million, up 0.8% year over...
10Nov2009 | vitalstocks | 0 comments | Continued