Archive for November, 2009
(BRKA) Berkshire Buys Burlington Northern Santa Fe Corporation
Warren Buffett’s Berkshire Hathaway (BRKA) said on Tuesday that it is acquiring Burlington Northern Santa Fe Corp (BNI) for $44 billion. This is the biggest acquisition ever for Berkshire Hathaway. With this acquisition, Berkshire Hathaway is adding the railroad transportation...
4Nov2009 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Corporation Completes Acquisitions
Yesterday, the Bank of New York Mellon Corporation (BK) completed two acquisitions – Insight Investment Management Limited and Pinnacle Arbitrage Compliance. It acquired Insight Investment Management Limited from Lloyds Banking Group plc (LYG) Insight Investment specializes...
4Nov2009 | vitalstocks | 0 comments | Continued(JOYG) The Shape of GDP
While last week GDP growth came in better than expected at 3.5%, which was a very welcome development, there was very little change in the coverall shape of GDP. This is a troubling development for the long term. GDP is the sum of spending by the Consumer, Private Investment,...
4Nov2009 | vitalstocks | 0 comments | Continued(HAE) Haemonetics Corporation Reports Strong Earnings Results
Haemonetics Corporation (HAE) reported strong results for the second quarter of fiscal 2010. Earnings per share were 69 cents, beating the Zacks Consensus Estimate of 65 cents and the year-ago earnings of 58 cents. Sales Total revenues in the reported quarter were $157 million...
4Nov2009 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Corporation Beats The Street – Production Up
Marathon Oil Corporation’s (MRO) third-quarter 2009 results came in better-than-expected, helped by the contribution from increased oil and natural gas production. Earnings per share, excluding mark-to-market and divestment losses, came in at 61 cents, above the Zacks Consensus...
4Nov2009 | vitalstocks | 0 comments | Continued(THC) Tenet Healthcare Corporation Revenues Rise in the Third Quarter
Tenet Healthcare Corporation (THC) reported third-quarter earnings of $4 million or breakeven per share compared to the Zacks Consensus Estimate of a loss of 2 cents. The company earned $120 million or 25 cents per share in the year-ago quarter. Net operating revenues for the...
4Nov2009 | vitalstocks | 0 comments | Continued(VPRT) VistaPrint Surpasses Estimates by a Nickel
VistaPrint N.V.’s (VPRT) first quarter earnings for fiscal year 2010 came in at 29 cents per share. Results were a nickel ahead of the Zacks Consensus Estimate of 24 cents. The company had earned 18 cents in the year-ago quarter. Results were driven by higher-than-expected...
4Nov2009 | vitalstocks | 0 comments | Continued(PC) Panasonic to Restructure Motor Company Division
Panasonic Corp. (PC) plans to restructure its division, Motor Company in April 2010 to enhance growth potential and strengthen its management structure. Upon completion of the restructuring, the motor company will be dissolved. Panasonic will reorganize and integrate its Home...
4Nov2009 | vitalstocks | 0 comments | Continued(VIAB) Viacom Ahead of Consensus Estimates
Viacom Inc. (VIAB) (VIA) today declared encouraging results for the third quarter. Quarterly net income from continuing operation was $443 million or 73 cents per share, compared to $385 million or 62 cents per share in the prior-year quarter. However, third-quarter adjusted...
4Nov2009 | vitalstocks | 0 comments | Continued(TXRH) Texas Roadhouse Earnings Report Beats in Q3
Texas Roadhouse Inc. (TXRH), a casual dining restaurant chain, recently reported third quarter results that topped the Zacks Consensus Estimate on the heels of lower commodity and pre-opening costs besides a jump in the top-line. Earnings of 15 cents a share surpassed the Zacks...
4Nov2009 | vitalstocks | 0 comments | Continued(EEFT) Euronet Worldwide, Inc. – Earnings Came in Better Than Expected
Euronet Worldwide, Inc. (EEFT) recently reported better than expected third-quarter results after shares have more than tripled over the last 7 months. Company Description Euronet Worldwide, Inc. provides electronic payment services domestically and internationally. The company...
4Nov2009 | vitalstocks | 0 comments | Continued(ATSI) ATS Medical Earnings Report Meets Consensus
ATS Medical, Inc. (ATSI) reported a third quarter 2009 net loss of 1 cent per share, in-line with the Zacks Consensus Estimate but better than the year-ago loss per share of 6 cents. Total revenues for the reported quarter were $18.8 million Incorporatedreasing 17.3% year over...
4Nov2009 | vitalstocks | 0 comments | Continued(SAP) SAP AG Beats Street’s Consensus
SAP AG (SAP) reported third quarter of 2009 net income from continuing operations of 60 cents per share, compared to the Zacks Consensus Estimate of 58 cents. U.S. GAAP software and software-related service revenues were €1.94 billion (previous year: €1.99 billion), a decrease...
4Nov2009 | vitalstocks | 0 comments | Continued(FTE) France Telecom’s Orange Confirms iPhone Launch
France Telecom’s (FTE) subsidiary Orange UK has revealed the iPhone launch date as the carrier will officially unveil the iconic handset in the UK on Nov. 10, 2009. Moreover, the operator has also released pricing and tariff details for iPhone 3G and iPhone 3GS, which will...
4Nov2009 | vitalstocks | 0 comments | Continued(LMT) Aerospace & Defense – Zacks Analyst Interviews
OVERVIEW Inherently, big defense contractors are expected to eliminate jobs as the Pentagon has lowered spending on traditional weapon systems, while smaller, niche companies may accelerate hiring as the United States garners resources to protect ground troops and strategic computer...
4Nov2009 | vitalstocks | 0 comments | Continued(OIL) How To Play the Oil Conspiracy Theories
Tony Daltorio, Investment U Research Despite the world’s economic growth woes this year and consequent decreased energy demand in the U.S., the price of oil has held up pretty well this year ($77 as of November 3) when you’d actually think that it would be lower. What...
4Nov2009 | InvestmentU | 0 comments | Continued(DOG) The Stock Market’s Red Flags: Four Ways to Handle Potential Market Turmoil
by Marc Lichtenfeld, Healthcare Expert Wednesday, November 4, 2009: Issue #1130 Some people just don’t know when to quit. A friend of mine is a professional boxer. But he’s 41-years old and his best days are behind him. Nevertheless, he continues to fight. Recently, he...
4Nov2009 | InvestmentU | 0 comments | Continued(INTC) The Married Put Option Strategy: The Smartest Way to Protect Against Downside
by Karim Rahemtulla, Options Expert Tuesday, November 3, 2009: Issue #1129 Here’s the situation… We have an uncertain, volatile stock market that can’t figure out its next move. Thanks to the rally for much of this year, many investors have recovered a good chunk of...
3Nov2009 | InvestmentU | 0 comments | Continued(PFG) Principal Financial Group Beats The Street
Principal Financial Group’s (PFG) third quarter earnings of 74 cents a share were ahead of the Zacks Consensus Estimate of 64 cents. This excludes net realized investment gains and losses. The company had earned 96 cents in the year-ago quarter. However, on a GAAP basis, the...
3Nov2009 | vitalstocks | 0 comments | Continued(SWK) Stanley Works Acquires Black & Decker Corporation
Stanley Works (SWK) and Black & Decker Corporation (BDK) have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global tool maker. The Board of Directors of both companies approved an all-stock transaction valued at approximately...
3Nov2009 | vitalstocks | 0 comments | Continued(ADM) Archer Daniels Beats Midland Beats Estimates
Archer Daniels Midland Company (ADM), the agricultural processor company, recently reported first-quarter 2010, topping the Zacks Consensus Estimate on the heels of lower corn costs. The quarterly earnings of 77 cents a share surpassed the Zacks Consensus Estimate of 56 cents...
3Nov2009 | vitalstocks | 0 comments | Continued(ERJ) Empresa Brasileira de Aeronautica S.A. Net Revenues Decrease from 2008
Last week, Empresa Brasileira de Aeronautica S.A. (ERJ) reported results for the third quarter of 2009. During the quarter, Embraer delivered 57 jets to the commercial aviation, executive aviation and defense segments, compared to 48 jet deliveries in the third quarter of 2008....
3Nov2009 | vitalstocks | 0 comments | Continued(FORM) Formfactor Incorporated Misses Expectations – Results Improve
Formfactor Inc. (FORM) reported the third quarter earnings, missing the concensus by 7 cents. Revenue Revenue of $43.8 million was up 40.3% sequentially, but down 16.8% year over year. The sequential increase in revenue was driven by stronger memory prices (both DDR2 and DDR3),...
3Nov2009 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Tops Consensus Estimates
Arch Coal Inc. (ACI) posted a net income of 16 cents per share for the third quarter of 2009, better than the Zacks Consensus Estimate of 4 cents. It reported net income of 68 cents per share during the same period last year. Operating income declined to $48.3 million from $87.9...
3Nov2009 | vitalstocks | 0 comments | Continued(SOHU) Sohu.com – Bear of the Day
While Sohu.com‘s (SOHU) third-quarter earnings beat the Zacks Consensus Estimate and were in line with the company’s own guidance, the outlook for the fourth quarter was far below expectations. The company’s operating expenses have been steadily going up, which...
3Nov2009 | vitalstocks | 0 comments | Continued(ANDE) The Andersons Inc. – Earnings Consensus Estimates Rise
The Andersons, Inc. (ANDE) is scheduled to report third quarter earnings after the bell on Nov 4. Despite a slowdown in the agriculture sector analysts are bullish on the quarter and expect 2009 year over year earnings growth of 23.80%. Company Description The Andersons is an...
3Nov2009 | vitalstocks | 0 comments | Continued(TJX) The TJX Companies – Strong Momentum and Stellar Fundamentals
The TJX Companies, Inc. (TJX) recently upped its earnings guidance. For the fiscal year, the company sees earnings coming in between $2.46 – $2.54 per share. Analysts polled by Zacks are currently calling for earnings of $2.57 per share, an increase from last month’s...
3Nov2009 | vitalstocks | 0 comments | Continued(RCI) Rogers Communications Inc. – Third Consecutive Earnings Surprise
Rogers Communications Inc. (RCI) continues to top analysts’ expectations and shares are surging. Company Description Rogers is a Canadian communications and media company that provides wireless and data services. The company is one of the major Canadian cable television...
3Nov2009 | vitalstocks | 0 comments | Continued(CRR) Carbo Ceramics Incorporated – Momentum Play
Carbo Ceramics Inc. (CRR) recently hit a new 52-week high on better than expected third-quarter results. Company Description Carbo Ceramics Inc. develops and manufactures ceramic proppant used in the extraction process of natural gas and oil wells in the United States and internationally....
3Nov2009 | vitalstocks | 0 comments | Continued(ACS) Initiating Coverage of Affiliated Computer Services at Neutral
We are initiating coverage of Affiliated Computer Services Inc. (ACS) with a Neutral rating. Headquartered in Dallas , Texas , ACS delivers IT-based services and solutions globally to commercial and government clients in the U.S. The company is a leading provider of business...
3Nov2009 | vitalstocks | 0 comments | Continued