Archive for November, 2009
(KTC) KT Corporation’s Third Quarter Profit Soars
South Korea’s largest fixed-line carrier, KT Corp. (KTC), announced third quarter results with reported net income increasing 80% year over year to KRW351.4 billion (US$285 million) or KRW1,497 per share (70 cents per ADS). The annualized growth was driven by gains from wireless...
4Nov2009 | vitalstocks | 0 comments | Continued(CBB) Cincinnati Bell Reports Earnings – Reaffirms Outlook
Cincinnati Bell (CBB) announced third quarter results with adjusted earnings per share of 11 cents, falling short of the Zacks Consensus Estimate by a penny. However, this was above the year-ago EPS of 10 cents. Adjusted EPS excludes special items such as restructuring charges,...
4Nov2009 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Reports Strong Quarter
Teva Pharmaceutical Industries Ltd. (TEVA) reported earnings of 89 cents in the third quarter of 2009, up 16% from the year-ago period and a cent above the Zacks Consensus Estimate. Strong sales of Copaxone and in the respiratory business helped drive earnings in the reported...
4Nov2009 | vitalstocks | 0 comments | Continued(SPIL) Siliconware Precision Industries Beats Consensus Estimates
Siliconware Precision Industries Co., Ltd. (SPIL) earned a net income of NT$* 2,561 million (*32.77 NT$= 1$) for the third quarter of 2009 or diluted earnings per ordinary share of NT$ 0.82 for the quarter, and diluted earnings per ADS of 13 cents. This was higher than the Zacks...
4Nov2009 | vitalstocks | 0 comments | Continued(PLXS) Plexus Corporation Upgraded to Outperform
We have upgraded Plexus Corp. (PLXS) to Outperform from our previous Neutral rating. Year to date, Plexus’ shares are up 43.5%, outperforming the S&P 500 and the peer group. Plexus’ fourth-quarter results and the guidance for the next quarter were above the Zacks Consensus...
4Nov2009 | vitalstocks | 0 comments | Continued(WMT) China’s Economy Booming Again
The World Bank now estimates that China will grow 8.4% in 2009, up from its June forecast of 7.2% growth. Like the U.S., China embarked on a large fiscal stimulus program, one that relative to the size of its economy is more than three times as large as the American Reinvestment...
4Nov2009 | vitalstocks | 0 comments | Continued(PHM) Pulte Homes Loses $361 Million
Pulte Homes (PHM) reported a net loss of $361.4 million or $1.15 per share Incorporatedlusive of approximately $86.7 million of charges and transaction costs associated with its merger with Centex Corporation and $163.8 million in inventory impairments and other land-related...
4Nov2009 | vitalstocks | 0 comments | Continued(ADP) Automatic Data ProcessingBeats Consensus on Lower Revenues
Automatic Data Processing, Inc. (ADP) reported first quarter 2010 EPS of 56 cents, exceeding the Zacks Consensus Estimate of 50 cents. Revenue First quarter 2010 revenue of $2.1 billion was down 4.0% from the year-ago quarter. Revenue declined across all segments except PEO (Professional...
4Nov2009 | vitalstocks | 0 comments | Continued(ONXX) Onyx Pharmaceuticals Beats Estimates
Onyx Pharmaceuticals (ONXX) reported third quarter earnings of 28 cents per share, well above the Zacks Consensus Estimate of 22 cents as well as 21 cents reported in the year-ago period. The company, along with Bayer AG (BAYRY.PK), developed Nexavar (sorafenib) tablets, an anticancer...
4Nov2009 | vitalstocks | 0 comments | Continued(DVN) Devon Energy Corporation Beats Estimates
Devon Energy Corporation (DVN) posted better-than-expected results for the third quarter of 2009 due to increased production volume and favorable service and supply costs across all major operating segments. Adjusted EPS of $1.12 surpassed the Zacks Consensus Estimate of 92 cents. This,...
4Nov2009 | vitalstocks | 0 comments | Continued(AMT) American Tower Delivers on Third Quarter Earnings
American Tower Corp. (AMT) today declared its third quarter results. Total revenues of $444.1 million marked an 8.5% year-over-year improvement. This was also better than the Zacks Consensus Estimate of $430 million. Primary reason for the solid top-line performance was the healthy...
4Nov2009 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Acquires Burlington Northern – B Shares to Split 50 to 1
Lost in today’s news that Berkshire Hathaway (BRKA) (BRKB) was acquiring Burlington Northern (BNI) was the announcement that Berkshire’s “B” shares, or, commonly known by investors as the “cheaper” shares, would be split 50 to 1. It is rare...
4Nov2009 | vitalstocks | 0 comments | Continued(PTR) PetroChina Net Earnings Sags on Energy Slump
Chinese energy giant PetroChina Co. Ltd. (PTR) announced third quarter earnings of RMB 30.8 billion or RMB 0.17 per diluted share, compared to RMB 40.1 billion or RMB 0.22 per diluted share in the year-earlier quarter. The year-over-year negative comparison was primarily attributable...
4Nov2009 | vitalstocks | 0 comments | Continued(CCI) Crown Castle International’s Earnings Loss Wider than Expected
Higher interest expenses and amortization of deferred financing cost together with net loss on interest rate swap significantly hurt the third quarter results of Crown Castle International Corp. (CCI). Net loss for the quarter came in at $36.8 million or 13 cents per share, wider...
4Nov2009 | vitalstocks | 0 comments | Continued(XTO) XTO Energy Tops Expectations on Record Production
Natural gas producer XTO Energy’s (XTO) third quarter results came in better than expected, primarily due to rise in production volumes. Earnings per share, excluding non-cash derivative fair value loss, came in at 87 cents, ahead of the Zacks Consensus Estimate of 84 cents. XTO’s...
4Nov2009 | vitalstocks | 0 comments | Continued(CML) Compellent Technologies Inc. – Revenues Spike Up
Compellent Technologies, Inc. (CML) is at a multi-year high and fresh of an impressive earnings report. Analysts continue to revise estimates to keep up with the company’s growth. Company Description Compellent offers enterprise-class storage services. The company provides...
4Nov2009 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust Reports Strong Quarter
Vornado Realty Trust (VNO) reported strong third quarter 2009 results with FFO (funds from operations) of $234.2 million or $1.25 per share, compared to $159.8 million or 97 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the...
4Nov2009 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons Company Beats but Net Falls
R.R. Donnelley & Sons Company (RRD), a leading provider of integrated communications and printing solutions, reported third quarter fiscal year 2009 results that beat the Zacks Consensus estimates. This was despite the huge decline from the year-ago period as a result of...
4Nov2009 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Beats Earnings Forecasts – Raises Guidance
Kraft Foods (KFT) reported strong second-quarter results with earnings of 55 cents per share, above the Zacks Consensus Estimate of 48 cents. Quarterly earnings were also up 61.8% year-over-year. However, net revenues for the quarter declined 5.7% year-over-year to $9.8 billion,...
4Nov2009 | vitalstocks | 0 comments | Continued(PSB) PS Business Parks’ Quarterly Funds From Operations Dips
PS Business Parks Inc. (PSB), a real estate investment trust (REIT) that acquires, develops, owns, and operates commercial properties, reported a decline in third quarter 2009 FFO (fund from operations) to $31.5 million or $1.04 per share from $32.0 million or $1.14 per share...
4Nov2009 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Misses Earnings Estimates
Baker Hughes Inc. (BHI) reported its third quarter results of 26 cents per share, well below the Zacks Consensus Estimate of 36 cents and year-earlier quarter earnings of $1.39. Before adjusting one-time items, earnings were 18 cents per share. Though the company’s results...
4Nov2009 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Outdoes Estimates Again
Hartford Financial Services’ (HIG) third quarter core earnings came in at $1.56 per share, substantially ahead of the Zacks Consensus Estimate of $1.07. This also compares favorably with the loss of $1.40 per share in the year-ago quarter. The results for the reported quarter...
4Nov2009 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes’ Earnings Report Barely Exceeds Estimates
Pitney Bowes Inc. (PBI) reported earnings per diluted share from continuing operations of 55 cents, compared with 67 cents in the prior year. This was higher than the Zacks Consensus Estimate of 54 cents. Earnings reflect the negative impacts of 1 cent per diluted share associated...
4Nov2009 | vitalstocks | 0 comments | Continued(CAM) Cameron International Tops Forecasts on Margin Strength
Cameron International Corp.’s (CAM) third quarter results were better than expected, as margins held up well during the period. Earnings per share, excluding severance-related costs, came in at 57 cents, surpassing the Zacks Consensus Estimate of 53 cents. However, on a year-over-year...
4Nov2009 | vitalstocks | 0 comments | Continued($ADP) Automatic Data Processing Sees 203,000 Jobs Lost
This morning, Automatic Data Processing (ADP), the biggest payroll processing firm, estimated that the economy lost 203,000 private sector jobs in October. That was more than the consensus estimate of 190,000 jobs lost. However, the September job loss numbers were revised to...
4Nov2009 | vitalstocks | 0 comments | Continued(FTR) Frontier Communications Beats Consensus Despite Lower Sales
Frontier Communications (FTR) announced third quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 18 cents, exceeding the Zacks Consensus Estimate of 16 cents. Net income increased 11% year over year to $52.2 million, primarily due...
4Nov2009 | vitalstocks | 0 comments | Continued(ICE) IntercontinentalExchange Beats on Record Futures Trading
IntercontinentalExchange, Inc. (ICE) reported its third quarter results yesterday. The company swung to a GAAP net income of $86.9 million or $1.18 per share from a net income of $75 million or $1.04 in the year-ago period. Results came in 3 cents ahead of the Zacks Consensus...
4Nov2009 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Beats Street Estimates
Comcast Corp. (CMCSA) today reported its third quarter results. Net income was $944 million or 33 cents, compared to $771 million or 26 cents in the prior-year quarter. The company’s adjusted (excluding tax benefit and one time financing charges) EPS stood at 28 cents, well...
4Nov2009 | vitalstocks | 0 comments | Continued(HCP) HCP Inc’s Funds From Operations Declines Drastically
HCP Inc. (HCP), a healthcare real estate investment trust (REIT), reported a radical decline in third quarter 2009 FFO (funds from operations) to $32.2 million or 11 cents per share, compared to $174.3 million or 70 cents per share in the year-earlier quarter. Funds from operations,...
4Nov2009 | vitalstocks | 0 comments | Continued($MXIM) Maxim Integrated Products Sees Broad-based Strength
Maxim Integrated Products Inc.’s (MXIM) first quarter earnings beat consensus estimates by a penny. Revenue was over the high-end of management’s guidance range of $415-445 million, or a sequential increase of 5-13%. Revenue Revenue of $449.2 million was up 13.9% sequentially...
4Nov2009 | vitalstocks | 0 comments | Continued