Archive for November, 2009
(WMB) Williams Companies Outperforms – Raises Outlook
Williams Companies (WMB) reported better-than-expected third-quarter results, primarily on higher production volumes and lowering of costs. Earnings per share, excluding mark-to-market adjustments, came in at 25 cents, 6 cents above the Zacks Consensus Estimate. However, compared...
1Nov2009 | vitalstocks | 0 comments | Continued(MYL) Mylan Beats Expectations – Raises Outlook
Mylan, Inc. (MYL) reported third quarter earnings per share of 32 cents, above both the Zacks Consensus Estimate of 27 cents and 23 cents in the prior-year period. The company reported revenues of $1.26 billion, a 24% decline from the year-ago period. However, the year-ago period...
1Nov2009 | vitalstocks | 0 comments | Continued(DV) DeVry Inc. – Record Earnings Results
DeVry Inc. (DV) recently announced a record fiscal first quarter. Earnings per share of 76 cents topped last year’s 48 cents and exceeded the Zacks Consensus Estimate by 17%. Company Description DeVry is the holding company for DeVry University, Advanced Academics, Ross...
1Nov2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation’s Profit Picking Up
Gold producing company Newmont Mining Corporation (NEM) recorded a net income of 79 cents per share in the third quarter, beating the Zacks Consensus Estimate of 60 cents. Year on year, earnings grew by a robust 88% on strong gold and copper prices as well as lower costs. Revenues...
1Nov2009 | vitalstocks | 0 comments | Continued(CR) Crane Company Earnings Surprised by 25% in the Third Quarter
Crane Company (CR) recently raised the bottom end of its full-year earnings guidance. The company has surprised on estimates 4 quarters in a row by an average of 24.22%. Crane is trading with a forward P/E of 14.42. Company Description Crane, which was founded in 1855, is a diversified...
1Nov2009 | vitalstocks | 0 comments | Continued(EL) Estee Lauder Companies Report In Line Earnings
The Estée Lauder Companies (EL) reported results for the first quarter of fiscal 2010 with earnings of 85 cents per share. Earnings were in line with the Zacks Consensus Estimate of 85 cents, but were up a robust 223% year-over-year compared to 26 cents reported in the prior-year...
1Nov2009 | vitalstocks | 0 comments | Continued(PEG) Public Service Enterprise Tops Earnings Estimates
Public Service Enterprise (PEG) reported operating earnings of 92 cents per share for the third quarter of 2009, four cents higher than the Zacks Consensus Estimate of 88 cents. This was achieved by focus on improvement of the cost structure and hedging which offset a substantial...
1Nov2009 | vitalstocks | 0 comments | Continued(CVX) Chevron Tops Consensus With Plunging Earnings
Chevron Corporation (CVX) posted significantly better-than-expected third-quarter 2009 earnings, driven by robust upstream volumes and cost cutting initiatives. Earnings per share (excluding gains from asset sales and tax items, as well as foreign-currency effects), came in at...
1Nov2009 | vitalstocks | 0 comments | Continued(AEP) American Electric Power Company Beats the Forecasts
American Electric Power Company Inc. (AEP) released stable third quarter results before the opening bell today. In the reported quarter, the company beat the Zacks Consensus Estimate of 85 cents by eight cents with identical year-over-year EPS of 93 cents. Revenue fell 17% to...
1Nov2009 | vitalstocks | 0 comments | Continued(CTS) CTS Improvements Show in Results
CTS: Design Wins and Balance Sheet Improvement CTS Corporation (CTS) designs, manufactures, assembles and sells electronic components and sensors worldwide. On October 27th 2009, the firm announced results for the third quarter of fiscal year 2009. Segment Breakdown The Components...
1Nov2009 | vitalstocks | 0 comments | Continued(VTR) Ventas Incorporated Posts Modest Quarter
Ventas Inc. (VTR), a leading healthcare real estate investment trust (REIT), reported relatively modest third quarter results with steady performances across its diversified portfolio of healthcare and senior housing assets. Funds from operations (FFO), a widely used metric to...
1Nov2009 | vitalstocks | 0 comments | Continued(FSLR) First Solar on the Right Track
First Solar Inc. (FSLR) swept past Zacks Consensus earning per share (EPS) estimate of $1.73 by 6 cents to $1.79 in the third quarter of fiscal 2009. However, it rose 59 cents over the year-ago figure of $1.20 in the third quarter of fiscal 2008. First Solar’s revenues rose...
1Nov2009 | vitalstocks | 0 comments | Continued(EXPE) Expedia Beats Estimates on Higher Volumes
Expedia’s (EXPE) third quarter earnings beat the Zacks Consensus Estimate by 15 cents. Revenue beat by 2.8%. Revenue Revenue for the quarter was $852.4 million, up 10.7% sequentially and 2.3% year over year. Acquisitions had a 1.7 pecentage point positive impact on revenue...
1Nov2009 | vitalstocks | 0 comments | Continued(ODP) Office Depot Posts Dismal Quarter
Office Depot Inc. (ODP), one of the leading suppliers of office products and services, reported another dismal quarter, as the fall in its top-line continues. Total revenue for the third-quarter declined 17.2% year over year to $3,029.2 million. Consequently, gross profit slipped...
1Nov2009 | vitalstocks | 0 comments | Continued(XRAY) Dentsply International Reports In-Line
Dentsply International Inc. (XRAY) reported third quarter earnings per share of 44 cents, in-line with the Zacks Consensus Estimate, but lower than the year-ago earnings of 46 cents. Net sales in the reported quarter increased 0.2% year over year to $531.0 million. Excluding...
1Nov2009 | vitalstocks | 0 comments | Continued(PPL) PPL Corporation Beats Consensus – Reaffirms Guidance
PPL Corp. (PPL) today reported third-quarter earnings from continuing operations of 52 cents per share, beating the Zacks Consensus Estimate of 44 cents and last year’s profit of 45 cents. The better-than-expected earnings during the quarter was due to benefits of the company’s...
1Nov2009 | vitalstocks | 0 comments | Continued(HELE) Helen of Troy Ltd. – Reported Solid Second-Quarter Results
Helen of Troy Ltd. (HELE) posted better than expected second-quarter results on Oct 7, making it 3 consecutive quarters that the company has beat the Street. Company Description Helen of Troy develops and manufactures products in two major segments, personal care and house ware....
1Nov2009 | vitalstocks | 0 comments | Continued(CISG) CNinsure Inc. – Rapid Growth in Hot Chinese Economy
CNinsure Inc. (CISG) is poised for growth in a red hot Chinese economy. Company Description CNinsure sells property, casualty, and life insurance products that are underwritten by other companies. The company distributes to China’s developed region and large cities. Revues...
1Nov2009 | vitalstocks | 0 comments | Continued(SII) Smith International Badly Misses Estimates
Smith International Inc. (SII) reported its third quarter 2009 results of 7 cents per share versus the Zacks Consensus Estimate of 15 cents and year-earlier earnings of $1.01. The significant fall was due to a challenging North American natural gas market that contributed to...
1Nov2009 | vitalstocks | 0 comments | Continued(ORLY) O’Reilly Automotive’s Profit More than Doubles
O’Reilly Automotive (ORLY) showed a 111% rise in profits to $87 million in the third quarter of the year from $41 million in the same period of 2008. On an adjusted earnings per share basis, profits soared 58% to 63 cents per share, above the Zacks Consensus Estimate of 56...
1Nov2009 | vitalstocks | 0 comments | Continued(NBL) Noble Energy Surpasses Estimates
Noble Energy Inc. (NBL) posted adjusted earnings per share of $1.10 for the third quarter, which surpassed the Zacks Consensus Estimate of 81 cents. However, earnings was substantially lower than $2.08 recorded during the corresponding period of last year. The better-than-expected...
1Nov2009 | vitalstocks | 0 comments | Continued(SYMC) Symantec Tops Expectations – Revenues Down
Symantec Corp. (SYMC) reported fiscal second-quarter earnings per share of 36 cents, exceeding the Zacks Consensus Estimate of 29 cents. Revenues Symantec reported second-quarter GAAP net revenues of $1.47 billion, down 3% from $1.51 billion reported in the year-ago quarter....
1Nov2009 | vitalstocks | 0 comments | Continued(IRM) Iron Mountain Reports In-Line
Iron Mountain (IRM) announced third-quarter earnings 24 cents per share, which was in line with the Zacks Consensus Estimate. Revenues Total revenues for the quarter were $764.9 million, a decrease of 2.6% from the $784.3 million reported in the year-ago quarter. This was in...
1Nov2009 | vitalstocks | 0 comments | Continued(CLF) Weak Third Quarter for Cliffs Natural Resources
Cliffs Natural Resources (CLF), the largest producer of iron ore pellets in the U.S., recorded third-quarter 2009 profits of 45 cents, significantly lower than last year’s earnings of $1.61 per share, on weak iron volumes and prices. However, reported earnings were in contrast...
1Nov2009 | vitalstocks | 0 comments | Continued(APA) Apache Tops on Volume Boost
Apache Corp. (APA) reported better-than-expected third-quarter results, driven by increased volumes, particularly in its Egyptian operations. Earnings per share, excluding one-time items, came in at $1.58, slightly above the Zacks Consensus Estimate of $1.56. However, on a year-over-year...
1Nov2009 | vitalstocks | 0 comments | Continued(PKI) PerkinElmer Tops Earnings Estimates
PerkinElmer Inc. (PKI) reported third-quarter earnings of 30 cents per share, which was 3 cents ahead of the Zacks Consensus Estimate. The company had earned 34 cents in the year-ago quarter. Revenues for the quarter came in at $437.1 million as against $478.7 million in the...
1Nov2009 | vitalstocks | 0 comments | Continued(TER) Teradyne Beats Consensus Expectations
Teradyne Inc.’s (TER) third quarter earnings beat the Zacks Consensus by 7 cents. Revenue beat the Consensus by 2.4%. The quarter marked the company’s return to profitability on both GAAP and pro forma basis. Earlier, Agilent Technologies (A), another test and measurement...
1Nov2009 | vitalstocks | 0 comments | Continued(C) September’s U.S. Savings Rate Goes Up
In September, Personal Income fell very slightly, by less that 0.1% from August, as did Disposable Personal Income (or DPI, a.k.a. “after tax income”). However, with the “Cash for Clunkers” program over, Personal Consumption Expenditures (PCE, or consumer...
1Nov2009 | vitalstocks | 0 comments | Continued(WDR) Waddell & Reed Financial Outshines Again
Waddell & Reed Financial Inc.’s (WDR) third-quarter earnings came in at 37 cents per share, four pennies ahead of the Zacks Consensus Estimate of 33 cents. However, this compares unfavorably with earnings of 40 cents in the prior-year quarter. Despite a difficult environment,...
1Nov2009 | vitalstocks | 0 comments | Continued(MCO) Moody’s Beats Earnings Estimates – Outlook Raised
Moody’s Inc.’s (MCO) third-quarter earnings came in better than the Zacks Consensus Estimate of 38 cents per share. Earnings per share on a non-GAAP basis (excluding restructuring charges) stood at 43 cents, down 4% from 45 cents in the same quarter a year ago. The effective...
1Nov2009 | vitalstocks | 0 comments | Continued