Archive for November, 2009
(DLLR) Dollar Financial Corporation Outshines Forecasts
Dollar Financial Corp.’s (DLLR) fiscal first-quarter earnings came in at 59 cents per share, substantially ahead of the Zacks Consensus Estimate of 41 cents. This also compares favorably with the earnings of 56 cents in the year-ago quarter. Pro forma earnings for the quarter...
4Nov2009 | vitalstocks | 0 comments | Continued(RSG) Republic Services Remains Stable
Republic Services, Inc. (RSG) posted third-quarter earnings of 39 cents per share, beating the Zacks Consensus Estimate of 37 cents. However, EPS was down 20%, compared to the prior-year quarter. Revenues stood at $2,073.5 million, compared to $834.0 million in the third quarter...
4Nov2009 | vitalstocks | 0 comments | Continued(DIOD) Diodes Earnings Report Beats by a Penny
Diodes Inc. (DIOD) posted third quarter results after the closing bell on Monday. The company swung to a GAAP net profit of $7.0 million, from GAAP net loss of $3.0 million and $4.6 million in the previous and year-ago quarters, respectively. Excluding certain special items,...
4Nov2009 | vitalstocks | 0 comments | Continued(VMC) Vulcan Materials’ Profit Dips 20%
Vulcan Materials (VMC) reported a 20% fall in net profits to $48 million or 38 cents per share in the third quarter, from $60 million or 53 cents per share in the year-ago period. The decline was on the back of a 19%-29% fall in sales volumes for the company’s key product lines....
4Nov2009 | vitalstocks | 0 comments | Continued(MNKD) MannKind Pharma Beats – Awaiting FDA Review
MannKind Pharma’s (MNKD) third quarter loss per share came in at 42 cents, better than the Zacks Consensus Estimate of 49 cents and loss of 67 cents reported in the year-ago period. The company does not have any revenue stream at present — its lead product, Afresa (inhaled...
4Nov2009 | vitalstocks | 0 comments | Continued(COL) Rockwell Collins’ Earnings Report Misses
Rockwell Collins Inc. (COL) missed the Zacks Consensus earnings per share (EPS) estimate 4 cents and reported 84 cents per share in the fourth quarter of fiscal 2009 (ended Sept. 30). It also fell 29 cents short of the year-ago figure of $1.13 in the fourth quarter of fiscal...
4Nov2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Joins Transaction Account Guarantee Program
Regions Financial (RF) will participate in the Federal Deposit Insurance Corporation’s (FDIC) Transaction Account Guarantee (TAG) Program. Under this program, through June 30, 2010, all non-interest-bearing transaction accounts will be fully guaranteed by the FDIC for the entire...
4Nov2009 | vitalstocks | 0 comments | Continued(RL) Polo Ralph Lauren Corporation Beats Consensus
Polo Ralph Lauren Corporation (RL) reported results for the second quarter of fiscal 2010 with earnings of $1.75 per share. Earnings were well above the Zacks Consensus Estimate of 96 cents and were up 10.8% year-over-year. Net sales for the quarter declined 3.4% year-over-year...
4Nov2009 | vitalstocks | 0 comments | Continued(PAG) Penske Automotive Outdoes Expectations
Penske Automotive (PAG) posted a net income of $30.9 million or 34 cents per share from continuing operations in the third quarter. With this, the Michigan-based second leading automotive retailer in the U.S. exceeded the Zacks Consensus Estimate of 27 cents per share. When compared...
4Nov2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation – Bear of the Day
Genzyme (GENZ) reported third quarter earnings of 31 cents per share, in-line with the Zacks Consensus Estimate but well below the year-ago earnings of 53 cents per share. Moreover, revenues declined 9% to $1.06 billion. The company has been under significant pressure following...
4Nov2009 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Corporation – Bull of the Day
McDonald’s (MCD) global same-store sales continue to grow (up 3.8% in the third quarter of 2009) while maintaining healthy margins and out-performing competitors. Earnings surpassed the Zacks Consensus Estimate, and were up 10% year over year. However, a strong U.S. dollar...
4Nov2009 | vitalstocks | 0 comments | Continued(MA) MasterCard Beats Forecasts on Pricing & Costs
MasterCard Incorporated (MA) reported third quarter 2009 net income applicable to common shareholders (excluding special items) of $456.0 million or $3.48 per share, compared to $322.0 million or $2.46 per share in the prior-year quarter. Results were substantially ahead of the...
4Nov2009 | vitalstocks | 0 comments | Continued(CE) Celanese Soundly Beats the Consensus Estimates
Celanese Corporation (CE), a leading global chemical company, reported net earnings of 58 cents per share in the third quarter of 2009, beating the Zacks Consensus Estimate of 42 cents. Results, however, were lower than last year’s 78 cents. Weak pricing and lower volumes,...
4Nov2009 | vitalstocks | 0 comments | Continued(PRA) ProAssurance Outperforms Consensus Estimates
ProAssurance Corp.’s (PRA) third-quarter operating earnings of $1.58 per share was substantially ahead of the Zacks Consensus Estimate of $1.23. This also compares favorably with the earnings of $1.31 per share in the prior-year quarter. The company’s earnings benefitted...
4Nov2009 | vitalstocks | 0 comments | Continued(IVZ) Two More Join Toxic Asset Program
The U.S. Treasury Department announced on Tuesday that two more large investment companies have fulfilled the necessary requirements and are ready to join the federal government’s toxic assets purchase program. The federal government initiated buying toxic assets from banks...
4Nov2009 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Corporation Up on Volume Growth
Chesapeake Energy Corporation (CHK) reported third quarter results of 70 cents per share, compared to the Zacks Consensus Estimate of 66 cents and year-earlier quarter earnings of 87 cents. Before adjusting one-time items, earnings per share were 30 cents. Despite the increased...
4Nov2009 | vitalstocks | 0 comments | Continued(TRV) Travelers Companies Inc. – Surprised by 23.85% in the Third Quarter
Travelers Companies Inc. (TRV) recently raised full year guidance as it surprised on estimates for the third time in the last 4 quarters. The company is trading with a forward P/E of just 8.9. Company Description Travelers provides property and casualty insurance for autos, homes...
4Nov2009 | vitalstocks | 0 comments | Continued(DVA) DaVita Tops Consensus Estimates
DaVita Inc. (DVA) reported third quarter net income of $110.9 million or $1.06 per share, which was better than the Zacks Consensus Estimate of 99 cents. The company earned $93.9 million or 89 cents in the comparable quarter of 2008. Revenues for the quarter came in at $1.57...
4Nov2009 | vitalstocks | 0 comments | Continued(ENR) Energizer Holdings Misses Earnings Consensus
Energizer Holdings (ENR) reported results for the fourth quarter with earnings of 53 cents per share. Earnings were well below the Zacks Consensus Estimate of $2.01 and were down 68% year-over-year. Total sales declined 3.9% year over year to $1.1 billion, primarily due to sales...
4Nov2009 | vitalstocks | 0 comments | Continued(WSO) Watsco Meets Earnings Expectations
Watsco Inc. (WSO) recently reported its third quarter results. The company posted net income of 71 cents per share, in line with the Zacks Consensus Estimate, but 15.5% lower compared to last year. The company’s total revenue was up 56.1% year-over-year $741.9 million. The...
4Nov2009 | vitalstocks | 0 comments | Continued(ITRI) Mixed Outlook for Itron Quarterly Report
Last week, Itron Inc. (ITRI) reported third-quarter earnings of 45 cents per share, below the Zacks Consensus Estimate of 51 cents and 44% lower than the prior-year level. Earnings disappointment was primarily a result of uncertainty surrounding stimulus fund allocation and unfavorable...
4Nov2009 | vitalstocks | 0 comments | Continued(TWX) Time Warner Tops Street Consensus
Despite tough macro-economic conditions, Time Warner Inc. (TWX), the global leader in media and entertainment businesses, reported better-than-expected third-quarter 2009 results that topped the Zacks Consensus Estimate. The quarterly earnings of 61 cents a share beat the Zacks...
4Nov2009 | vitalstocks | 0 comments | Continued(BRE) BRE Properties’ Funds From Operations Declines
BRE Properties Inc. (BRE), a real estate investment trust (REIT) that operates apartment communities, has reported a decline in third quarter 2009 FFO (fund from operations) to $32.5 million or 59 cents per share compared to $36.3 million or 69 cents per share in the year-earlier...
4Nov2009 | vitalstocks | 0 comments | Continued(ALTH) Allos Therapeutics Reports Earnings in Line
Allos Therapeutics’ (ALTH) third quarter loss per share came in at 21 cents, in line with the Zacks Consensus Estimate. However, the loss increased compared to the net loss of 16 cents reported in the year ago period. Loss increased primarily due to a 41% rise in operating...
4Nov2009 | vitalstocks | 0 comments | Continued(DRIV) Digital River’s Earnings Report Exceeds Estimate
Digital River, Inc. (DRIV) recently reported third-quarter revenues of $99.4 million, up 3.2% from the year-ago level and surpassed management’s revenue guidance of $96.5 million – $98.5 million. The growth in revenues was driven by strength in software, consumer electronics...
4Nov2009 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group – Shares Jump on Third Quarter Results
T. Rowe Price Group, Inc. (TROW) saw a nice spike after announcing third-quarter results. Earnings per share of 50 cents were below last year’s 56 cents but topped the Zacks Consensus Estimate by 9%. The company also reported a 16% increase in assets under management, totaling...
4Nov2009 | vitalstocks | 0 comments | Continued(UIS) Unisys Corporation Beats The Street Easily – Margins Swell
Unisys Corp. (UIS) recently reported third-quarter revenues of $1.16 billion, down 12% from last year. The unfavorable movement in foreign exchange negatively impacted the top-line by 5%. On a constant currency basis, revenue declined 7%. Revenues in the United States declined...
4Nov2009 | vitalstocks | 0 comments | Continued(ABC) AmerisourceBergen Tops Consensus Forecasts
AmerisourceBergen Corp. (ABC) posted fourth quarter earnings of 44 cents per share, beating the Zacks Consensus Estimate by 4 cents. Earnings increased 22% from the year-ago period. For the full year, earnings increased 17% to $1.69 per share, 3 cents above the Zacks Consensus...
4Nov2009 | vitalstocks | 0 comments | Continued(MXWL) Maxwell Technologies Misses Consensus Estimates
Maxwell Technologies Inc. (MXWL) reported a marginally weaker-than-expected third-quarter loss per share of 7 cents, which was below the Zacks Consensus Estimate of a loss of 4 cents. In the year-ago period, the company reported a loss of 22 cents per share. Operating loss for...
4Nov2009 | vitalstocks | 0 comments | Continued(FNM) The Fed Stays on Easy Street
The Federal Reserve decided to keep the Federal Funds rate unchanged at the meeting it concluded today, as expected. Below is the current Fed Statement along with the one from their September meeting in paragraph-by-paragraph format, with my translation and commentary interspersed. As...
4Nov2009 | vitalstocks | 0 comments | Continued