Archive for November, 2009
(EIX) Edison International Pushes Past Estimates
Edison International‘s (EIX) adjusted EPS of $1.09 in the third quarter of fiscal 2009 pushed past the Zacks Consensus Estimate of $1.05 by 4 cents. However, adjusted EPS for the quarter fell short of the year-ago $1.46 EPS. On a GAAP basis, the company reported quarterly...
8Nov2009 | vitalstocks | 0 comments | ContinuedNews Corporation Tops Consensus Estimates
News Corp. (NWS) recently reported its first quarter results. Earnings of 22 cents a share surpassed the Zacks Consensus Estimate of 17 cents and climbed 10% from 20 cents posted in the prior-year quarter. Total revenues tumbled 4.1% year on year to $7,199 million due to fall...
8Nov2009 | vitalstocks | 0 comments | Continued(PSA) Public Storage’s Revenues Dip
Public Storage (PSA), a real estate investment trust (REIT) operating self-storage facilities, reported a decline in total revenues for the third quarter to $412.9 million, compared to $431.2 million in the year-earlier quarter. The year over year decrease in revenue was primarily...
7Nov2009 | vitalstocks | 0 comments | Continued(HLS) HealthSouth Corporation – Raises Earnings Guidance
HealthSouth Corp. (HLS) is producing strong results by growing its revenue and more effectively managing its costs. Company Description HealthSouth Corp. operates as an inpatient care provider in the United States, owning and operating inpatient rehab care centers and long-term...
7Nov2009 | vitalstocks | 0 comments | Continued(MUR) Murphy Oil Corporation Reports Earnings in Line and Robust Production
Murphy Oil Corporation (MUR) posted earnings from continuing operations of 98 cents per share in the third quarter, almost in line with the Zacks Consensus Estimate of 97 cents. However, results were significantly below earnings of $3.04 reported last year, largely driven by...
7Nov2009 | vitalstocks | 0 comments | Continued(CAT) Economic Productivity Surges
The economy is recovering, yet the Labor market is still in the doldrums (we will see just how bad tomorrow morning). In other words, output is up, yet the number of hours of work to create that output is down. This, by definition, means that output per hour — otherwise...
7Nov2009 | vitalstocks | 0 comments | Continued(ALU) Alcatel-Lucent Earnings Results Slip
In the third quarter of 2009, Alcatel Lucent (ALU) reported net loss (group share) was € (182) million or (13 cents per ADS) Incorporatedluding the negative after tax impact from Purchase Price Allocation (PPA) entries of € (39) million. This was below Zacks Consensus Estimate...
7Nov2009 | vitalstocks | 0 comments | Continued(BIG) Initial Jobless Claims Down
Initial claims for unemployment insurance fell by 20,000 this week to 512,000. Last week’s numbers were revised slightly higher, so arguably the drop was 18,000, but that’s still a nice improvement. The four-week moving average dropped by 3,000 to 523,750. Since new...
7Nov2009 | vitalstocks | 0 comments | Continued(CBS) CBS Corporation Tops Consensus Estimates
CBS Corporation (CBS) recently reported better-than-expected third-quarter 2009 results. The quarterly earnings of 25 cents a share surpassed the Zacks Consensus Estimate of 22 cents, but fell 35.9% from 39 cents posted in the prior-year quarter. On a reported basis Incorporatedluding...
7Nov2009 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Corporation’s Earnings Impress
Natural gas producer Ultra Petroleum Corporation’s (UPL) third quarter results came in better than expected, primarily due to increased production. Earnings per share, excluding non-cash mark-to-market charge, came in at 57 cents, topping the Zacks Consensus Estimate by 11.8%. However,...
7Nov2009 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Reports Lower Q3 Loss
Human Genome Sciences, Inc. (HGSI) reported third quarter net loss of $49 million or 32 cents per share, in-line with the Zacks Consensus Estimate. The company reported a net loss of $74.2 million or 50 cents in the year ago quarter. The lower net loss for the quarter was primarily...
7Nov2009 | vitalstocks | 0 comments | Continued(CRM) Salesforce Enters Strategic Partnership With Adobe
Salesforce.com (CRM) has entered into a strategic business deal with Adobe Systems Incorporated (ADBE), whereby the entities will combine the cloud computing power of the Force.com with the Adobe Flash Platform in order to offer the customer a high quality Internet experience...
7Nov2009 | vitalstocks | 0 comments | Continued($AMMD) American Medical Systems Holdings Reports Strong
American Medical Systems Holdings, Inc. (AMMD) reported strong fiscal third quarter results. For the quarter, earnings per share was 27 cents, beating the Zacks Consensus Estimate of 20 cents and the year-ago earnings of 18 cents. Earnings per share for the reported quarter were...
7Nov2009 | vitalstocks | 0 comments | Continued(GGB) Gerdau S.A. Margins Recovered
Today, Gerdau S.A. (GGB) announced consolidated results for the third quarter of 2009. The company did not provide comparable year-on-year figures in a securities filing. Sales reached 3.9 million tons in the quarter, 15% higher than in the second quarter of 2009, reflecting...
7Nov2009 | vitalstocks | 0 comments | Continued($KG) King Pharmaceuticals Beats Consensus, but Earnings Down
King Pharmaceuticals, Inc. (KG) reported third quarter earnings of 29 cents per share, beating the Zacks Consensus Estimate by 2 cents. Despite revenues increasing 19.3% from the year-ago period, earnings declined 25.6% from the year-ago quarter mainly due to higher operating...
7Nov2009 | vitalstocks | 0 comments | Continued(DTV) The DIRECTV Group Falls Short of Estimates
The DIRECTV Group, Inc. (DTV) reported revenues of $5.47 billion in the third quarter of 2009. On a geographical basis, revenues from United States grew 9% to $4.7 billion due to solid subscriber and average revenue per unit (ARPU) growth. The company added 136,000 net subscribers...
7Nov2009 | vitalstocks | 0 comments | Continued(SRDX) SurModics Misses Earnings Estimates
SurModics’ (SRDX) fourth-quarter earnings per share came in at 18 cents, below the Zacks Consensus Estimate of 20 cents. The company reported revenues of $19.2 million, down 17% compared to the year ago period. In addition to quarterly results, SurModics came out with fiscal...
7Nov2009 | vitalstocks | 0 comments | Continued($WMT) Easy Comparisons Help Retail Sales
Easy comparisons and relatively favorable weather helped increase same-store sales in the typically weak month of October for retailers, up 1.8% from the year-earlier level but below the 2% growth expectation. Results for this series, which tracks data for stores open at least...
7Nov2009 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications’ Profit Soars – but Churn Rises
Leading unlimited wireless carrier MetroPCS Communications (PCS) reported better-than-expected third-quarter 2009 results with earnings per share (EPS) of 21 cents outpacing the Zacks Consensus Estimate of 9 cents, as well as the prior-year quarter EPS of 13 cents. Net income...
7Nov2009 | vitalstocks | 0 comments | Continued(CEO) Oil & Gas Industry – Industry Outlook
OUTLOOK The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product inventories (particularly gasoline), along with still...
7Nov2009 | vitalstocks | 0 comments | Continued(IBM) Beware This Tech-Tonic Shift In The Global Technology Sector
by Tony Daltorio, Investment U Research If you’re betting on a recovery in technology stocks based on third quarter earnings reports from companies such as IBM (NYSE: IBM) and Google (Nasdaq: GOOG), you’re not alone. While economists and commentators debate the issue,...
7Nov2009 | InvestmentU | 0 comments | Continued(DNDN) Dendreon Corporation: Put These Two Promising Biotech Stock on Your Watch List
by Louis Basenese, Small Cap and Special Situations Expert Friday, November 6, 2009: Issue #1132 All the hoopla surrounding the biotech stock, Dendreon Corp. (Nasdaq: DNDN), this year is well deserved. After all, the market potential for its prostate cancer treatment, Provenge,...
7Nov2009 | InvestmentU | 0 comments | Continued(TDS) Telephone and Data Systems’ Third Quarter Profit Plummets
Telephone and Data Systems (TDS) announced third-quarter 2009 earnings per share of 33 cents, which fell behind the Zacks Consensus Estimate of 47 cents and the year-ago quarter EPS of 87 cents. Net income (attributable to TDS) tumbled 65% year over year to $35.6 million as...
7Nov2009 | vitalstocks | 0 comments | Continued(KELYA) Economy Produces Weak Employment Report
The October employment report came in weaker than expected as the country lost 190,000 jobs, rather than the 175,000 expectation. It was, however, an improvement over the 219,000 lost in September, but worse than the 154,000 jobs lost in August. Both the September and August...
7Nov2009 | vitalstocks | 0 comments | Continued(AXP) More Information on Unemployment Duration
While I touched on unemployment duration at the end of my last blog, this is a very important subject and deserves a bit more elaboration. Quite simply being out of work for three or four weeks is a very different experience with very different economic implications than being...
7Nov2009 | vitalstocks | 0 comments | Continued(USM) US Cellular’s Shares Dragged Down by Low Sales
U.S. Cellular (USM), the wireless subsidiary of Telephone and Data Systems (TDS), reported disappointing third-quarter 2009 results with earnings per share of 41 cents, coming in below the Zacks Consensus Estimate of 57 cents. It also declined significantly from the year-ago...
7Nov2009 | vitalstocks | 0 comments | Continued(IGT) International Game Technology Beats Expectations – Earnings Down
International Game Technology (IGT) reported adjusted earnings of 19 cents per share during fiscal 2009 fourth quarter, compared to a net income of 28 cents in the year-ago quarter. The result topped the Zacks Consensus Estimate by 3 cents. In the quarter, the company recorded...
7Nov2009 | vitalstocks | 0 comments | Continued(RRGB) Red Robin Gourmet Burgers Fails to Lure Diners
Red Robin Gourmet Burgers Inc. (RRGB), the casual dining restaurant operator, recently reported dismal third-quarter 2009 results. The quarterly earnings of 37 cents per share missed the Zacks Consensus Estimate by a penny and fell 17.8% from 45 cents posted in the prior-year...
7Nov2009 | vitalstocks | 0 comments | Continued(IM) Ingram Micro Delivers Decent Quarterly Numbers
Ingram Micro (IM) reported third-quarter EPS of 25 cents, exceeding the Zacks Consensus Estimate of 20 cents. Revenues The company reported third-quarter revenues of $7.38 billion, down 11.0% on a year-over-year basis and up 12% on a sequential basis. The year-over-year decline...
4Nov2009 | vitalstocks | 0 comments | Continued(ED) Consolidated Edison Beats Earnings Estimates
Consolidated Edison Inc. (ED) announced fiscal third quarter results with EPS of $1.16, which beat both the Zacks Consensus Estimate of $1.04 and the year-ago profit of 98 cents. New York City-based Consolidated Edison is a diversified utility holding company with subsidiaries...
4Nov2009 | vitalstocks | 0 comments | Continued