Archive for November, 2009
(AAPL) Apple, Incorporated – Bull of the Day
Apple, Inc. (AAPL) has experienced tremendous growth, driven by the success of its iPhone and increased Mac shipments. The company reported strong fiscal 2009 results with higher revenue (12.5% year over year) and earnings (17.4% year over year) growth despite the recession....
3Nov2009 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Falls Short of Expectations
Molina Healthcare Inc. (MOH) reported third-quarter earnings of 33 cents per share, which was well below the Zacks Consensus Estimate of 53 cents. The company earned 60 cents in the year-ago quarter. The decline in profit for the quarter was attributable to the higher operating...
3Nov2009 | vitalstocks | 0 comments | Continued(MT) Arcelor Mittal Beats Consensus Estimates
Recently, Arcelor Mittal (MT) reported encouraging results for the third quarter of 2009. The company recorded a net income of $0.9 billion, or $0.60 per share, as compared with a net loss of $0.8 billion, or $(0.57) per share, for the three months ended June 30, 2009, and net...
3Nov2009 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Corporation Reports Loss – Volumes Up
Anadarko Petroleum Corporation (APC) posted better-than-expected numbers for the third quarter of 2009 on higher sales volumes, lower lease operating expenses (LOE) and improved drilling efficiency. Net loss from continuing operations was 11 cents per share, higher than the Zacks...
3Nov2009 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Technology Solutions Delivers Solid Quarter
Early in the day, Cognizant Technology Solutions Corporation (CTSH) reported revenues of $853.5 million in the third quarter of 2009, up 16% from a year ago and up 10% sequentially. Management stated that the company experienced strong organic growth across all industry sectors,...
3Nov2009 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Barely Misses Earnings Consensus
Everest Re Group’s (RE) third-quarter earnings of $3.43 per share missed the Zacks Consensus Estimate of $3.47. Last year, the company had reported earnings of 20 cents per share. Strong property reinsurance rates coupled with the low catastrophe activity had resulted in favorable...
2Nov2009 | vitalstocks | 0 comments | Continued(MTG) MGIC Investment Corporation Reports Ugly Loss
MGIC Investment Corp.’s (MTG) third-quarter loss of $4.44 per share was wider than the Zacks Consensus Estimate of a loss of $1.64 per share. Last year, the company had reported a loss of $1.06 per share. Increasing delinquent inventory and consequently higher incurred losses...
2Nov2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Reports Modestly
Mack-Cali Realty Corp. (CLI) reported relatively modest third-quarter results, with FFO (fund from operations) of $75 million or 81 cents per share, compared to $82.1 million or $1.02 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the...
2Nov2009 | vitalstocks | 0 comments | Continued(CLX) The Clorox Company Cleans Up in 1Q
The Clorox Company (CLX) reported strong results for the first quarter of fiscal 2010 with earnings of $1.11 per share. Earnings were well above the Zacks Consensus Estimate of 95 cents and up 23.3% year-over-year. Net sales for the quarter were almost flat year-over-year, declining...
2Nov2009 | vitalstocks | 0 comments | Continued(DF) Dean Foods Beats the Street – Raises Guidance
Dean Foods (DF) reported relatively strong third-quarter results with earnings of 34 cents per share. Quarterly earnings were up 21% year-over-year. Quarterly net sales declined 13.2% year over year to $2.7 billion due to the pass-through of lower overall dairy commodity costs,...
2Nov2009 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Turns Impressive Profit
Ford Motor Company (F) returned to profitability in the third quarter of the year by posting a net income of $873 million or 26 cents per share, easily clearing the Zacks Consensus Estimate loss of 15 cents per share as well as the year-ago loss of 6 cents per share. This was,...
2Nov2009 | vitalstocks | 0 comments | Continued(CX) CEMEX S.A.B. de C.V. Boosts Outlook
Recently, Mexican cement maker CEMEX S.A.B. de C.V. (CX) posted decent results for the third quarter of 2009, considering the difficult economy. Net sales decreased to US$4.2 billion versus US$5.8 billion in the comparable period in 2008, representing a decrease of 27% ? or a...
2Nov2009 | vitalstocks | 0 comments | Continued(VALE) Vale S.A. is Banking on a Better Economy
Last week, Vale S.A. (VALE) announced a strong set of operational and financial results for the third quarter of 2009, returning to growth after the impact of the global financial shock. The improved performance reflects the company’s underlying earnings power based on...
2Nov2009 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser Company Hit by Poor U.S. Housing Market
On Friday, before market opened, Weyerhaeuser Company (WY) reported discouraging results for the third quarter 2009. The company reported net sales of $1,407 million compared to $2,107 million in the year ago quarter. Excluding one time items, Weyerhaeuser reported a net loss...
2Nov2009 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners L.P. Raises Dividend
Enterprise Products Partners L.P. (EPD) reported its third quarter earnings per limited partners unit at 43 cents, in line with the Zacks Consensus Estimate and year-ago earnings of 49 cents. Before adjusting one-time items, earnings per limited partner unit reached 36 cents. Importantly,...
2Nov2009 | vitalstocks | 0 comments | Continued(NS) NuStar Energy Beats Expectations – Raises Distribution
NuStar Energy L.P. (NS), a master limited partnership (MLP), announced better-than-expected third quarter results on the strength of its fee-based storage and transportation segments. The partnership reported earnings per unit (EPU) of $1.03, 5 cents above the Zacks Consensus...
2Nov2009 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Betters Consensus Estimates
Shutterfly Inc.’s (SFLY) third quarter loss of 25 cents a share was four pennies better than the Zacks Consensus Estimate of -29 cents per share. The company had reported a loss of 11 cents in the year-ago quarter. The results were driven by a better-than-expected growth in...
2Nov2009 | vitalstocks | 0 comments | Continued(AOC) Aon Corporation Lags on Brokerage Revenue
Aon Corporation’s (AOC) third quarter 2009 adjusted operating earnings (excluding non-recurring items) came in at 65 cents per share, compared to 76 cents per share in the prior quarter and 69 cents in the year-ago quarter. Results were just a penny short of the Zacks Consensus...
2Nov2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Mulls Fannie Mae Tax Credits
Goldman Sachs Group Inc. (GS) is contemplating buying tax credits from Fannie Mae (FNM). However, it may be reasonable to assume that the U.S. Treasury may not approve of the deal. Goldman hopes to receive approval this week for $1 billion worth of tax credits. Tax credits are...
2Nov2009 | vitalstocks | 0 comments | Continued(SSYS) Stratasys Beats Forecasts on Lower Revenues
Stratasys Inc. (SSYS) reported third-quarter earnings of 9 cents per share, exceeding the Zacks Consensus Estimate of 6 cents per share. Revenues The company reported third-quarter revenues of $24.3 million, down 20.6% from $30.6 million reported in the year-ago quarter. The...
2Nov2009 | vitalstocks | 0 comments | Continued(TEN) Tenneco’s Earnings Results Improve
Tenneco (TEN) showed an improvement in profit to $3 million or 7 cents per share for the third quarter of the year, compared to less than $1 million or 1 cent per share in profit a year ago. This is also better than the Zacks Consensus Estimate of 4 cents per share for the quarter....
2Nov2009 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation’s Outlook Remains Weak
Last week, AGCO Corp. (AGCO) reported third-quarter results. The company posted earnings of 13 cents per share, compared $1.01 per share in the prior-year quarter. The significant decline in quarterly earnings was driven by lower sales volumes, weaker product mix and the negative...
2Nov2009 | vitalstocks | 0 comments | Continued(FTR) Frontier Communications Deal Wins Key Government Approvals
Frontier Communications (FTR), a leading telecom operator in rural and suburban areas in the US, has reportedly received approvals from the Public Utilities Commissions of the states of California and Neveda and Public Service Commission of South Carolina for its impending acquisition...
2Nov2009 | vitalstocks | 0 comments | Continued(CBI) Chicago Bridge & Iron Company NV Beats the Street
Chicago Bridge & Iron Company NV (CBI) reported net income of $40.8 million, or 42 cents per diluted share, for the third quarter of 2009, compared with $8.6 million, or 9 cents per diluted share, in the third quarter of 2008. This was higher than Zacks Consensus Estimate...
2Nov2009 | vitalstocks | 0 comments | Continued(MGLN) Magellan Health Services Tops Wall Street Estimates
Magellan Health Services Inc. (MGLN) reported third quarter results last Friday. The company posted a 31.9% growth in net income to $31.0 million or 88 cents per share, compared to $23.5 million or 58 cents per share in the year-ago period, and easily surpassed the Zacks Consensus...
2Nov2009 | vitalstocks | 0 comments | Continued(L) Loews Corporation Reports Profit
Loews Corporation’s (L) third quarter income from continuing operations came in at $1.08 per share compared to a loss of 33 cents in the year-ago quarter. Results primarily reflected a 26% year-over-year increase in revenues. The improved results were driven by increased investment...
2Nov2009 | vitalstocks | 0 comments | Continued(UTHR) United Therapeutics Corporation Misses Earnings Estimates
United Therapeutics Corporation (UTHR) reported a net income of 21 cents per share in the third quarter, well below the Zacks Consensus Estimate of 31 cents. The company reported earnings of 22 cents in the year-ago period. Even though revenues increased 29.6% to $97.2 million...
2Nov2009 | vitalstocks | 0 comments | Continued(NYX) NYSE Euronext Beats Consensus by 18%
NYSE Euronext Inc. (NYX) reported third-quarter results on Friday. The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results...
2Nov2009 | vitalstocks | 0 comments | Continued(WIT) Wipro Limited Beats Estimates
Wipro Limited (WIT) announced second quarter of fiscal year 2010 results. Total revenue for quarter ended Sep 30, 2009, was Rs 69.18 billion ($1.44 billion), representing an increase of 6% over the same period last year. Net income for the quarter ended Sep 30, 2009, was Rs 11.71...
2Nov2009 | vitalstocks | 0 comments | Continued(HUM) Humana Reports Earnings That Are In Line With Forecasts
Humana Inc. (HUM) reported third-quarter earnings of $1.78 per share, in line with the Zacks Consensus Estimate. Results were helped by strong earnings from the Government segment, partially offset by weakness in the Commercial segment. Total revenues were $7.70 billion, up 8.5%...
2Nov2009 | vitalstocks | 0 comments | Continued