Archive for November, 2009
(TWC) Time Warner Cable Delivers
Time Warner Cable Inc. (TWC) reported its third quarter results today. Total revenues of $4.5 billion marked a 4% year-over-year improvement and were in line with the Zacks Consensus Estimate. This solid performance was the result of the continued growth in Subscription revenue...
8Nov2009 | vitalstocks | 0 comments | Continued(TDC) Teradata Corporation Tops Forecasts, Outlook Raised
Today before the market opened, Teradata Corporation (TDC), the largest provider of data warehousing and enterprise analytics services, reported earnings for the third quarter of fiscal year 2009. The company beat the Zacks Consensus Estimate of 29 cents per share. Excluding...
8Nov2009 | vitalstocks | 0 comments | Continued(DFG) Delphi Financial Group Drives Ahead
Delphi Financial Group (DFG) third quarter operating income of $1.00 per share was ahead of the Zacks Consensus Estimate of 87 cents per share. Last year, the company had reported earnings of 26 cents per share. Growth in operating earnings was driven by improved investment performance...
8Nov2009 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Eclipses Consensus Estimates
Cardinal Health (CAH) reported fiscal first-quarter earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 43 cents and the year-ago earnings of 47 cents. Sales Total sales in the reported quarter increased 6% year over year to $24.8 billion. Growth was witnessed...
8Nov2009 | vitalstocks | 0 comments | Continued(NDN) 99 Cents Only Stores Posts Strong Q2 Earnings Report
99 Cents Only Stores Inc. (NDN) reported fiscal second quarter results after the closing bell on Wednesday. The company recorded a net income of $9.6 million, compared to a net loss of $9.4 million in the year-ago period. Earnings per share came in at 14 cents, topping the Zacks...
8Nov2009 | vitalstocks | 0 comments | Continued(ERIC) LM Ericsson Telephone Company Beats Estimates
LM Ericsson Telephone Company (ERIC) reported earnings per share of 16 cents for the third quarter of 2009, exceeding the Zacks Consensus Estimate of 12 cents per share. Net sales in the third quarter were SEK 46.4 billion ($6.6 billion). Sales in the quarter decreased 4% year-over-year...
8Nov2009 | vitalstocks | 0 comments | Continued(PXD) Pioneer Natural Resources Company Misses Forecasts, but Volumes are up
Pioneer Natural Resources Company (PXD) reported its third quarter results of 2 cents per share, well below than the Zacks Consensus Estimate of 6 cents and year-earlier quarter earnings of 91 cents. Before adjusting one-time items, loss per share was 6 cents. Despite the increased...
8Nov2009 | vitalstocks | 0 comments | Continued(NDAQ) Nasdaq OMX Group Reports In-Line With Forecasts
Nasdaq OMX Group Inc. (NDAQ) has reported third-quarter results. The company swung to a GAAP net income of $60 million or 28 cents per share compared to $69 million or 33 cents in the prior quarter and $58 million or 27 cents in the year-ago period. Results included one-time...
8Nov2009 | vitalstocks | 0 comments | Continued(BOKF) BOK Financial Corporation Beats Consensus Forecasts
BOK Financial Corporation’s (BOKF) third-quarter earnings of 75 cents per share were 7 cents ahead of the Zacks Consensus Estimate of 68 cents. The company had earned 84 cents in the year-ago period. Results reflected an increase in interest revenue and margin, though credit...
8Nov2009 | vitalstocks | 0 comments | Continued(GPI) Group 1 Automotive’s Profit Improves
Group 1 Automotive (GPI) revealed a profit of $16.8 million or 71 cents per share in the third quarter, an improvement from $8.2 million or 37 cents per share in the same quarter of the previous year. With this, the company marginally exceeded the Zacks Consensus Estimate of...
8Nov2009 | vitalstocks | 0 comments | Continued(MYGN) Myriad Genetics Inc Misses Forecasts by a Penny
Myriad Genetics Inc. (MYGN) reported fiscal first-quarter earnings of 31 cents per share, a penny behind the Zacks Consensus Estimate. The company had earned 25 cents in the year-ago period. Molecular diagnostic revenues for the quarter came in at $85.12 million as against $69.97...
8Nov2009 | vitalstocks | 0 comments | Continued(LAMR) Lamar Advertising Company Hurt by Economic Situation
Lamar Advertising Company (LAMR) has announced decent operating results for the third quarter ended Sep 30, 2009. Lamar reported net revenues of $271.8 million for the third quarter of 2009 versus $312.5 million for the third quarter of 2008, a 13.0% decrease. Operating income...
8Nov2009 | vitalstocks | 0 comments | Continued(ACOR) Acorda Therapeutics – Bull of the Day
Acorda Therapeutics (ACOR) is one of the more interesting biotechnology companies under our coverage. The company’s key pipeline drug, Fampridine-SR, is currently under U.S. FDA review, with a decision expected in late January 2010. Outside the U.S., Acorda has partnered...
8Nov2009 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Co Reports Strong Results
Becton, Dickinson and Co. (BDX) reported strong fourth quarter and full fiscal 2009 results. For the fourth quarter, earnings per share were $1.25, beating the Zacks Consensus Estimate by a cent and the year-ago earnings by 14 cents. For fiscal 2009, earnings per share came in...
8Nov2009 | vitalstocks | 0 comments | Continued(CAJ) Canon, Incorporated – Bear of the Day
We believe the sharp appreciation of the yen is eroding Canon‘s (CAJ) revenue and profits. The company expects to improve profitability through product launches and cost-cutting efforts, and Canon has maintained its revenue and earnings forecast even though the third quarter...
8Nov2009 | vitalstocks | 0 comments | Continued(NUS) Nu Skin Enterprises – ROE of 25% Dwarfs the Industry Average of 6%
Nu Skin Enterprises (NUS) recently posted record results for the third quarter. Earnings per share of 41 cents topped the previous year’s 26 cents and matched the Zacks Consensus Estimate. Revenue was a record $334.2 million, an increase of 8% year-over-year. Company Description Nu...
8Nov2009 | vitalstocks | 0 comments | Continued(AXL) American Axle Reports Better than Expected Results
American Axle (AXL) posted a net loss of 18 cents before special items in the third quarter of the year. This is better than the Zacks Consensus Estimate of a loss of 37 cents per share. Net sales dipped 22% to $409.6 million. However, in absolute terms, it is the highest quarterly...
8Nov2009 | vitalstocks | 0 comments | Continued(ODSY) Odyssey Healthcare Inc. – Topped Earnings Forecasts by 40%
Odyssey HealthCare, Inc. (ODSY) is surging following its third consecutive earnings surprise, this time topping forecasts by 40%. Company Description Odyssey Healthcare, Inc. provides hospice care services focused on palliative care for patients with life-limiting illnesses....
8Nov2009 | vitalstocks | 0 comments | Continued(ESLR) Evergreen Solar’s Loss Narrows
Massachusetts-based Evergreen Solar Inc. (ESLR) reported fiscal third-quarter loss per share of 6 cents, narrower than the Zacks Consensus Estimate of a loss 8 cents. This was less than half as compared to the year-ago loss of 13 cents per share. Earlier, the impact had come...
8Nov2009 | vitalstocks | 0 comments | Continued(MGI) MoneyGram International Rewards Program Reaches Canada
MoneyGram International Inc. (MGI) announced the expansion of MoneyGram Rewards into Canada, a loyalty program that offers members fee discounts, receive notices, and fast and convenient money transfers. MoneyGram Rewards were expanded earlier this year into Germany, Spain and...
8Nov2009 | vitalstocks | 0 comments | Continued(ANDE) The Andersons’ Earnings Report is Well Behind Estimates
The Andersons, Inc. (ANDE) reported third-quarter earnings of 7 cents per share, well below the Zacks Consensus Estimate of 39 cents and prior-year earnings of 70 cents per share. Apart from the Grain & Ethanol Group, all other segments posted an operating loss for the quarter....
8Nov2009 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Corporation Surpasses Consensus Estimates
Spectra Energy Corporation (SE) reported its third quarter results of 30 cents per share, compared to the Zacks Consensus Estimate of 28 cents and the year-earlier quarter earnings of 49 cents. Earnings came in above expectations on the back of contribution from the company’s...
8Nov2009 | vitalstocks | 0 comments | Continued(CVS) CVS Caremark Beats The Street by a Penny
CVS Caremark’s (CVS) third-quarter earnings came in at 65 cents, a cent above the Zacks Consensus Estimate and higher than 60 cents reported in the year ago period. Revenues increased 18.2% year over year to $24.6 billion primarily due to robust growth of both segments –...
8Nov2009 | vitalstocks | 0 comments | Continued(CTL) CenturyLink’s Third Quarter Earnings Outperform
CenturyLink (CTL), formerly CenturyTel Inc, announced third-quarter 2009 results with adjusted (excluding non-recurring items or non-GAAP) earnings per share of 90 cents beating the Zacks Consensus Estimate of 81 cents. Non-recurring items includes integration costs associated...
8Nov2009 | vitalstocks | 0 comments | Continued(DNDN) Dendreon’s Reached Orbit – Now Who’s Next?
by Robert Williams, Publisher When the opening bell rang on Tuesday morning, as the broader market sagged, shares of Dendreon Corp. (Nasdaq: DNDN) sprinted out of the gates, rising by 5.7%. Unless you live in a cave, you should know about this biotech stock. Back in April,...
8Nov2009 | InvestmentU | 0 comments | Continued(JPM) JPMorgan Chase & Company Settles SEC Charges
The Securities and Exchange Commission said on Wednesday that JPMorgan Chase & Company (JPM) agreed to pay more than $700 million to settle federal regulators’ charges for an unlawful payment scheme that helped them win business involving municipal-bond offerings and...
8Nov2009 | vitalstocks | 0 comments | Continued(SHOO) Steve Madden Limited – Posted Record Sales in the Third Quarter
Steve Madden Limited (SHOO) is hot. The company posted record sales in the third quarter and has raised 2009 earnings guidance each of the last 3 quarters. SHOO is attractively valued, trading at 14.2x forward earnings. Company Description Steve Madden manufactures footwear and...
8Nov2009 | vitalstocks | 0 comments | Continued(DPS) Dr Pepper Snapple Group Reports Strong Earnings
Dr Pepper Snapple Group Inc. (DPS), a leading producer of flavored beverages in North America and the Caribbean, reported strong third-quarter earnings of 59 cents per share, compared to 41 cents in the year-earlier quarter. Excluding the one-time non-recurring items, earnings...
8Nov2009 | vitalstocks | 0 comments | Continued(MDVN) Medivation’s Earnings Report Lags Expectations
Medivation Inc. (MDVN) has reported a net loss of 42 cents per share in the third quarter of 2009, exceeding the Zacks Consensus Estimate of a net loss of 39 cents. However, net loss declined from the year-ago loss of 68 cents. Revenue for the quarter was $16.3 million, consisting...
8Nov2009 | vitalstocks | 0 comments | Continued(RAVN) Raven Industries Acts on its Growth Plans
Raven Industries, Inc. (RAVN) recently entered into an agreement to buy Ranchview, Inc., a privately-held Canadian corporation. The company did not disclose the terms of the deal but said that this acquisition will contribute to next years’ earnings. Ranchview develops products...
8Nov2009 | vitalstocks | 0 comments | Continued