Archive for November, 2009
(NVTL) Novatel Wireless Tops Consensus Estimates – Outlook Dismays
Novatel Wireless Inc. (NVTL) declared encouraging third quarter 2009 financial results but its fourth quarter outlook remains lackluster due to weak sales prediction for its innovative MiFi Intelligent Mobile Hotspot platforms. The reported quarter’s total revenue of $94.3...
1Nov2009 | vitalstocks | 0 comments | Continued(MET) MetLife Surpasses Consensus Estimates by a Penny
MetLife Inc.’s (MET) third-quarter operating earnings of 87 cents per share were only a penny ahead of the Zacks Consensus Estimate. This also compares favorably with operating earnings of 84 cents in the prior-year quarter. Operating income excludes after-tax net investment...
1Nov2009 | vitalstocks | 0 comments | Continued(IP) International Paper Tops Expectations
International Paper Co. (IP) reported third-quarter EPS of 37 cents, above the Zacks Consensus Estimate of 23 cents. The better-than-expected quarterly results were driven by the company’s overhead cost reduction efforts as well as integration synergies in its industrial packing...
1Nov2009 | vitalstocks | 0 comments | Continued(BYI) Bally Technologies Meets Earnings Expectations
Gaming equipment maker Bally Technologies Inc. (BYI) posted fiscal 2010 first-quarter results yesterday after the closing bell. The company recorded net income of $30.6 million, or 53 cents per share, compared to $30.3 million, or 52 cents in the year-ago period. The results...
1Nov2009 | vitalstocks | 0 comments | Continued(FMC) FMC Corporation’s Earnings Match Estimates
One of the world’s leading diversified chemical companies, FMC Corporation (FMC) serving agricultural, industrial and consumer markets reported earnings of 89 cents in the third quarter of 2009. Results were in line with the Zacks Consensus Estimate of 89 cents, though...
1Nov2009 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Gets FDA Panel Request for ABthrax Data
A panel of experts of the US Food and Drug Administration (FDA) has recently asked for additional data to judge the efficacy of Human Genome Sciences Inc.’s (HGSI) anthrax infection treatment ABthrax (raxibacumab) compared to existing anti-bacterial drugs. The panel of experts...
1Nov2009 | vitalstocks | 0 comments | Continued(EWC) The Best Two Ways to Play Canada’s Economy, Currency And Natural Resources
Tony Daltorio, Investment U Research A vast amount of natural resources. A love of hockey. A penchant for bacon. And liberal use of the word “eh.” All are associated with Canada, of course. But America’s neighbor to the north boasts another fine trait: an efficiently...
1Nov2009 | InvestmentU | 0 comments | Continued(SRCL) Stericycle Tops Consensus Estimates
Waste management service provider Stericycle Inc. (SRCL) earned 55 cents in the third quarter, beating the Zacks Consensus Estimate by 2 cents. Earnings were up about 24% year-over-year, while it improved 9% sequentially on higher revenues and margins. Revenues showed an increase...
1Nov2009 | vitalstocks | 0 comments | Continued(NAL) NewAlliance Bancshares Tops Estimates Again
NewAlliance Bancshares Inc.’s (NAL) third-quarter earnings came in at 13 cents per share, two cents ahead of the Zacks Consensus Estimate. This also compares favorably with earnings of 11 cents per share in the year-ago quarter. The upside was primarily due to strong growth...
1Nov2009 | vitalstocks | 0 comments | Continued(TSPT) Transcept Gets Letter from FDA
FDA Issues Complete Response Letter on Intermezzo On October 28, 2009, the U.S. FDA issued a complete response letter [CRL] on Transcept’s (TSPT) new drug application (NDA) for Intermezzo. The news has sent the shares down roughly 45%. TSPT is down now over 60% from the...
1Nov2009 | vitalstocks | 0 comments | Continued(LSI) LSI Corporation’s Q3 Profit Swells
LSI Corp. (LSI) yesterday reported revenues of $578 million in the third quarter, down 19% year over year but up 11% sequentially. The sequential improvement in revenues was driven by increased shipments of mid range storage systems and server rated solutions. IT spending showed...
1Nov2009 | vitalstocks | 0 comments | Continued(ESRX) Express Scripts’ Earnings Report is In-Line With Forecasts
Express Scripts Inc. (ESRX) announced third-quarter earnings of 81 cents per share, in-line with the Zacks Consensus Estimate as well as last year’s profit. Revenues, however Incorporatedreased 3% to $5.6 billion with product revenues increasing 3.1% to $5.5 billion. The...
1Nov2009 | vitalstocks | 0 comments | Continued(AMX) America Movil Tops Forecasts – Subscriber Growth Dips
America Movil (AMX) reported results for third-quarter 2009 with earnings per ADS of 86 cents edging past the Zacks Consensus Estimates of 85 cents while increasing 22.6% from the year-ago earnings per ADS of 70 cents. Net profit surged 50.6% year over year to 18.7 billion pesos...
1Nov2009 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Corporation Beats Consensus Earnings Estimates
Lincoln National Corp. (LNC) reported operating earnings of 84 cents in the third quarter, which was ahead of the Zacks Consensus Estimate of 80 cents. The company had earned $1.16 per share on an operating basis in the year-ago quarter. The company experienced lower average...
1Nov2009 | vitalstocks | 0 comments | Continued(DELL) Dell Teams Up with Juniper Networks
A recent press release from Dell Inc. (DELL) confirms that the renowned personal computer maker is joining hands with Juniper Networks Inc. (JNPR) in order to offer networking solutions under Dell’s PowerConnect brand. PowerConnect enables customers to deploy a common network...
1Nov2009 | vitalstocks | 0 comments | Continued(MRK) Merck and Schering-Plough Earn Merger Approval
Recently, Merck (MRK) and Schering-Plough (SGP) received approval from the US Federal Trade Commission [FTC], the Swiss Competition Commission and the Canadian Competition Bureau for their proposed merger. However, the transaction has yet to receive approval from other regulators...
1Nov2009 | vitalstocks | 0 comments | Continued(FTE) France Telecom Hurt by Economy & FX
French telecom giant France Telecom (FTE) has reported operating results for third-quarter 2009 with revenue falling 6.4% year over year to €12.69 billion (US$18.1 billion), primarily due to unfavorable exchange rate fluctuations (British pound versus Polish zloty) and reduced...
1Nov2009 | vitalstocks | 0 comments | Continued(AGN) Allergan Beats Estimates – Raises Outlook
Allergan, Inc. (AGN) reported third quarter earnings of 70 cents per share, a cent above the Zacks Consensus Estimate and 7.7% above the year-ago earnings of 65 cents. We were pleased to see total revenues increase 3.9% to $1,141.3 million in the reported quarter. Specialty pharmaceuticals...
1Nov2009 | vitalstocks | 0 comments | Continued(KLAC) KLA-Tencor Corporation Beats Consensus – Guidance strong
KLA-Tencor Corporation’s (KLAC) first quarter earnings beat the Zacks consensus by 29 cents. Revenue beat the consensus by 3.1%. This follows significantly stronger results reported by ASML Holdings NV (ASML). We currently expect the other large equipment makers, Applied Materials...
1Nov2009 | vitalstocks | 0 comments | Continued(JPM) The CBOE Volatility Index: Using The Fear/Greed Index to Pinpoint Your Best Time to Profit
by Karim Rahemtulla, Options Expert Friday, October 30, 2009: Issue #1127 There are only two driving forces that move the stock market: fear and greed. Based on these two hugely influential factors, many investors simply watch the market’s daily gyrations and listen to the...
1Nov2009 | InvestmentU | 0 comments | Continued(WMGI) Wright Medical Group Eclipses Consensus Estimates
Wright Medical Group, Inc. (WMGI) reported third-quarter earnings per share of 19 cents, surpassing the Zacks Consensus Estimate of 9 cents. The company had earned 19 cents per share in the year-ago quarter. Sales Net sales in the reported quarter increased 6% year over year...
1Nov2009 | vitalstocks | 0 comments | Continued(BKC) Burger King’s Profit Slides Below Estimates
The sluggish economy and rising unemployment continues to hurt Burger King Holdings Inc. (BKC) results. The company’s fiscal 2010 first quarter earnings of 34 cents a share missed the Zacks Consensus Estimate of 37 cents and fell 11% from 38 cents reported in the prior-year...
1Nov2009 | vitalstocks | 0 comments | Continued(AN) AutoNation Just Passes Estimates in Tough Economy
AutoNation (AN) has revealed a 44% rise in profits to $65 million or 36 cents per share in the third quarter from $44 million or 25 cents per share in the year-ago quarter. With this, the largest automotive retailer in the U.S. has inched past the Zacks Consensus Estimate of...
1Nov2009 | vitalstocks | 0 comments | Continued(DNB) Dun & Bradstreet Beats Estimates – Reaffirms Outlook
Dun & Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal third-quarter earnings before non-core gains and one-time charges of $1.13 per share, beating the Zacks Consensus Estimate by a penny. EPS results increased one cent from the year-ago...
1Nov2009 | vitalstocks | 0 comments | Continued(CVH) Coventry Healthcare Tops Estimates
Coventry Health Care, Inc. (CVH) reported third quarter earnings of 66 cents per share, which was above the Zacks Consensus Estimate of 54 cents. The company earned 73 cents in the year-ago quarter. Total operating revenues for the reported quarter increased 17.8% to $3.44 billion...
1Nov2009 | vitalstocks | 0 comments | Continued(S) Sprint’s Loss Worse Than Estimates
Sprint Nextel (S) reported third-quarter 2009 results with net loss per share of 17 cents, exceeding the Zacks Consensus Estimate of 15 cents and the year-ago loss per share of 11 cents. The third-largest US wireless carrier posted a net loss of $478 million, 47% more than the...
1Nov2009 | vitalstocks | 0 comments | Continued