Archive for November, 2009
(GG) Leading Producer Goldcorp’s Profits Double
Leading gold producer, Goldcorp’s (GG) adjusted net profit in the third quarter of 2009 more than doubled to 19 cents from last year’s 9 cents on higher gold prices and lower cash costs per ounce of gold. Reported earnings were also higher than the Zacks Consensus estimate...
8Nov2009 | vitalstocks | 0 comments | Continued(AGU) Agrium’s Year-Over-Year earnings Declined a Significant 87% on Lower Volumes and Prices
Agrium Inc. (AGU) reported adjusted net earnings of 29 cents per share in the third quarter of 2009, missing the Zacks Consensus Estimate of 32 cents. Year over year, earnings declined a significant 87% on lower volumes and prices. Revenues were down 41% year over year to $1.9...
8Nov2009 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Beats on Lower Costs
Amerisafe, Inc.’s (AMSF) third-quarter earnings of 74 cents per share came in substantially ahead of the Zacks Consensus Estimate of 54 cents. This also compares favorably with the earnings of 65 cents in the prior-year quarter. Despite an 11.9% year-over-year decrease in top...
8Nov2009 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Slips, but Volumes up
Statoil ASA (STO) reported its third quarter results of 38 cents per share, compared to the Zacks Consensus Estimate of 40 cents and in line with the year-earlier quarter earnings. Revenue for the quarter was NOK 123.1 billion ($20.1 billion), down 29% year over year. Though...
8Nov2009 | vitalstocks | 0 comments | Continued(GHDX) Genomic Health Third Quarter Loss Narrows
Genomic Health Inc. (GHDX) suffered a third quarter loss of 2 cents per share, which was better than the Zacks Consensus Estimate of a loss of 9 cents. The company suffered a loss of 11 cents in the prior-year period. Total revenues for the quarter came in at $39.5 million, compared...
8Nov2009 | vitalstocks | 0 comments | Continued(SMA) Symmetry Medical Disappoints, Lowers Outlook
Symmetry Medical, Inc. (SMA) reported third-quarter earnings per share of 15 cents that came in a penny shy of the Zacks Consensus Estimate. However, earnings came ahead of last year’s figure of 7 cents. Sales Total sales in the reported quarter declined 22% year over year...
8Nov2009 | vitalstocks | 0 comments | Continued(TV) Grupo Televisa Reports Mixed Results
Grupo Televisa S.A. (TV), the largest media company in Mexico, reported mixed financial results for the third quarter 2009. Quarterly consolidated net revenue of $970 million was an improvement of 5.5% over the prior-year quarter. However, this was below the Zacks Consensus Estimate...
8Nov2009 | vitalstocks | 0 comments | Continued(DYN) Dynegy’s Earnings Report Sunk on Accounting Charges
Dynegy Inc. (DYN) has reported a net loss of $212 million, or 25 cents per share in the third quarter 2009, compared to a net income of $605 million, or 72 cents per share in the year-ago quarter. The net loss in the reported quarter was primarily driven by asset impairment charges...
8Nov2009 | vitalstocks | 0 comments | Continued(FST) Forest Oil Corporation Misses Estimates on Lower Sales
Forest Oil Corporation (FST) reported its third-quarter 2009 earnings of 48 cents per share, compared with the Zacks Consensus Estimate of 53 cents and a year-ago profit of $1.26. Before adjusting one-time items, earnings were $1.53 per share. The results came in below expectations...
8Nov2009 | vitalstocks | 0 comments | Continued(EOG) EOG Resources Maintains Analyst’s Rating at Neutral
EOG Resources Inc. (EOG) reported third-quarter earnings of 81 cents per share, compared with the Zacks Consensus Estimate of 65 cents and a year-ago profit of $2.34. Before adjusting one-time items, earnings were 2 cents per share. Despite an increase in production volumes,...
8Nov2009 | vitalstocks | 0 comments | Continued(OGE) OGE Energy Corporation Tops Expectations
OGE Energy Corp. (OGE) reported third quarter earnings per share (EPS) of $1.40, topping the Zacks Consensus EPS estimate of $1.34. However, EPS in the reported quarter came a dime short, compared to the year-ago EPS of $1.50. Earnings were boosted in the reported quarter by...
8Nov2009 | vitalstocks | 0 comments | Continued(MCO) Analysts Raising Moody’s Earnings Estimates
We are raising our estimates for Moody’s Corp. (MCO) for the fourth quarter of fiscal 2009 and full year of fiscal 2010 due to continued resurgence in the company’s results. Moody’s is an industry leader in the credit rating industry and enjoys a high organic...
8Nov2009 | vitalstocks | 0 comments | Continued(SNI) Scripps Networks Interactive Beats In Q3
Scripps Networks Interactive, Inc. (SNI) reported better-than-expected third-quarter 2009 financial results. Quarterly consolidated revenue of $364.5 million was flat relative to the prior-year quarter and was also in line with the Zacks Consensus Estimate. On a GAAP basis, quarterly...
8Nov2009 | vitalstocks | 0 comments | Continued(ABMD) Abiomed, Inc’s Loss Narrower than Expected
Abiomed, Inc. (ABMD) reported fiscal second-quarter loss of 14 cents per share, considerably better than the Zacks Consensus Estimate of a loss of 21 cents. However, loss per share in the year-ago quarter was 8 cents. Total revenues in the reported quarter were roughly flat year...
8Nov2009 | vitalstocks | 0 comments | Continued(MCHP) Microchip Technology Inc Beats in Quarterly Report
Microchip Technology Inc.’s (MCHP) second-quarter earnings beat the Zacks Consensus Estimate by 2 cents. Revenues beat the consensus by 3.8%. Both revenues and EPS were significantly better than the guidance provided by management. Revenues Revenues of $226.7 million was up...
8Nov2009 | vitalstocks | 0 comments | Continued(HCN) Health Care REIT Inc’s Funds From Operations Plummets
Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has reported dismal third quarter 2009 results with FFO (fund from operations) of 53 cents per share compared to 85 cents in the year-earlier quarter....
8Nov2009 | vitalstocks | 0 comments | Continued(DNR) In-Line Quarter for Denbury Resources
Denbury Resources Inc. (DNR) reported in-line third quarter results, as increased production helped the company to meet estimates. Earnings per share, excluding non-cash fair value adjustments, came in at 16 cents, same as the Zacks Consensus Estimate. Including one-time items,...
8Nov2009 | vitalstocks | 0 comments | Continued(VRSN) VeriSign’s Earnings Beats Forecasts
Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009. Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues...
8Nov2009 | vitalstocks | 0 comments | Continued(WU) Western Union Renews Agreement with Postal Savings Bank of China
The Western Union Co. (WU) said on Thursday that it renewed its agreement with the Postal Savings Bank of China (PSBC) to provide Western Union Money Transfer services in China. The renewal will help Western Union to continue its Money Transfer services through more than 20,000...
8Nov2009 | vitalstocks | 0 comments | Continued(ABK) Ambac Financial Group’s Loss is Wider than Expected
Ambac Financial Group’s (ABK) third-quarter loss of $2.35 per share was wider than the Zacks Consensus Estimate of a loss of $1.22 per share. Last year, the company had reported a loss of $7.81 per share. Losses were driven by higher loss expenses in its Residential Mortgage...
8Nov2009 | vitalstocks | 0 comments | Continued(SUN) Sunoco Posts Disappointing Quarterly Earnings
Oil refiner and marketer Sunoco Inc. (SUN) reported weaker-than-expected third quarter results as its refining and chemicals operations slipped in the red, pulled down by reduced margins and production. Loss per share, excluding special items, came in at 29 cents, significantly...
8Nov2009 | vitalstocks | 0 comments | Continued(GRMN) Garmin Limited Reports Robust Earnings Quarter
Garmin Ltd. (GRMN) reported third quarter earnings that beat the Zacks Consensus Estimate by 32 cents. Fully diluted pro forma earnings per share (EPS) were $1.01, compared to 83 cents in the June quarter and 88 cents in the comparable prior-year quarter. The pro forma number...
8Nov2009 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Reports Healthy Earnings Results
Whole Foods Market Inc. (WFMI), the natural and organic grocer, recently reported its fourth quarter results. Earnings of 19 cents a share beat the Zacks Consensus Estimate by a penny, surging 18.8% from 16 cents posted in the prior-year quarter. On a reported basis Incorporatedluding...
8Nov2009 | vitalstocks | 0 comments | Continued(MIL) Millipore Corporation Falls Short of Estimates
Millipore Corp. (MIL) reported third-quarter earnings per share of 71 cents, well below the Zacks Consensus Estimate of 93 cents per share. Revenues for the third quarter grew 4% from the previous year, totaling $412 million. Excluding a 3% unfavorable impact from changes in...
8Nov2009 | vitalstocks | 0 comments | Continued(PTEN) Patterson-UTI Net Falls – But Report Beats Views
Patterson-UTI Inc. (PTEN) reported a narrower-than-expected third-quarter loss of 12 cents per share, reflecting a recovery in rig demand as customers prepare for ramped up drilling activities in 2010. The Zacks Consensus Estimate was pegged at a loss of 16 cents per share. In...
8Nov2009 | vitalstocks | 0 comments | Continued(AVT) Avnet Beats Consensus Earnings Estimates
Avnet, Inc. (AVT) recently reported revenues of $4.36 billion for the first quarter of fiscal 2010, down 3.1% from a year ago. Excluding the negative impact of foreign currency exchange rates, revenues declined 0.6%. Management stated that the impact of global slowdown led to...
8Nov2009 | vitalstocks | 0 comments | Continued(CRA) Celera Corporation Posts Break-Even Earnings
Celera Corp. (CRA) reported break-even earnings in the third-quarter, compared to the Zacks Consensus Estimate of a loss of 6 cents. The company earned a cent in the year-ago quarter. Net revenues for the quarter came in at $40 million as against $45.8 million in the year-ago...
8Nov2009 | vitalstocks | 0 comments | Continued($JDSU) JDS Uniphase Posts Wider-Than-Expected Loss
JDS Uniphase Corp. (JDSU) reported a loss of 15 cents per share for the first quarter, wider than the Zacks Consensus Estimate of loss of 4 cents per share. Net revenues were $297.8 million, compared to net revenues of $273.1 million for the prior quarter and net revenues of...
8Nov2009 | vitalstocks | 0 comments | Continued(PC) Panasonic Begins Tender for Sanyo Electric Co
Panasonic Corp. (PC) provided another update on the acquisition of SANYO Electric Co Ltd. (SANYY) at its Board Meeting held on Nov 4, 2009. The company announced the start of its tender offer to acquire 3.1 billion shares of SANYO (or more than 50% of the company’s total shares)...
8Nov2009 | vitalstocks | 0 comments | Continued($VRSN) VeriSign Beats Consensus Earnings Forecasts
Last night, VeriSign, Inc. (VRSN) reported revenues of $258 million from continuing operations in the third quarter of 2009. Core businesses (Internet Infrastructure and Identity Services) generated revenues of $257 million, up 1% sequentially and up 6% year-over-year. Revenues...
8Nov2009 | vitalstocks | 0 comments | Continued