Archive for December, 2009
(PRX) Par Pharmaceutical Cos. – Revenue Doubles – Earnings Estimates Jump
Par Pharmaceutical Cos. (PRX) continues to climb as analysts raise estimates on another earnings surprise. Company Description Par Pharmaceutical makes generic drugs and other branded pharmaceuticals. Currently, the company has 4 trademarked drugs and numerous generics. Revenue...
4Dec2009 | vitalstocks | 0 comments | Continued(C) Citigroup Issues $1.875 Billion in Notes
Citigroup Inc. (C) yesterday announced the sale of $1.875 billion worth of senior remarketing notes. The notes will mature on Jan 15, 2015. These will bear interest at a fixed rate of 6.01% per annum. Interest on the notes is payable semi-annually in equal installments on the...
4Dec2009 | vitalstocks | 0 comments | Continued(JNY) Jones Apparel Group Inc. – Posted Another Big Beat in the Third Quarter
Jones Apparel Group Inc. (JNY) has been aggressively cutting inventories as it adjusts to the new economic reality in the retail sector. The company has been posting huge earnings surprises, beating for 4 consecutive quarters by an average of 146.2%. Jones Apparel has a forward...
4Dec2009 | vitalstocks | 0 comments | Continued(PFE) Bayer Advances on Alzheimer’s Plan
Alzheimer’s disease (AD) is a devastating neuro-degenerative disease that affects people over the age of 60. The onset of the disease is often so gradual and the early signs are so mild that they are often mistaken as common traits of ageing. Early detection of the disease...
4Dec2009 | vitalstocks | 0 comments | Continued(MWW) U.S. Unemployment Report – WOW!
That’s the first word that comes to mind — wow! The Employment Report from the Bureau of Labor Statistics (BLS) was far better than expected, with a loss of only 11,000 jobs in November. Consensus expectations were for the employment report to show a loss of 125,000...
4Dec2009 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceutical’s Plant Gets Positive Opinion
Alexion Pharmaceutical’s (ALXN) Rhode Island manufacturing facility (ARIMF) should be up and running shortly as a second source of supply for the drug Soliris (eculizumab). The company recently received good news with the Committee for Medicinal Products for Human Use (CHMP)...
4Dec2009 | vitalstocks | 0 comments | Continued(FRED) Fred’s Reports Modest Third Quarter Results
Fred’s Inc. (FRED) reported modest third quarter results with earnings of 13 cents per share. Earnings were 3 cents below the Zacks Consensus Estimate and were down 13% compared to the prior-year quarter. Net sales for the quarter were almost flat year-over-year, declining...
4Dec2009 | vitalstocks | 0 comments | Continued(AMSC) American Superconductor Corp. – 85% Jump in Revenues
American Superconductor Corp (AMSC) more than doubled the Zacks Consensus Estimate last quarter and just released guidance for next year. Company Description American Superconductor has proprietyary technology applied to electric infrastructure. The company’s work can be...
4Dec2009 | vitalstocks | 0 comments | Continued(EXC) Exelon Corporation to Shut Four Pennsylvania Units
Exelon Power, the power generating subsidiary of Exelon Corp. (EXC), announced plans to shut down 4 units at two plants in southeastern Pennsylvania, effective May 31, 2011. The plants which are to be shut down include, Units 1 and 2 of Cromby Generating Station and Units 1 and...
4Dec2009 | vitalstocks | 0 comments | Continued(DELL) Dell Plans to Sell Polish Plant
Dell Inc. (DELL) recently announced that it will sell the two-year-old manufacturing facility at Lodz, Poland to a Taiwan-based company Foxconn Technology. Although the company did not mention the sale value. This manufacturing facility mainly serves customers in the Europe,...
4Dec2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Inc Sues Teva Pharmaceuticals
Recently, Cephalon, Inc. (CEPH) filed a patent infringement lawsuit against generic player Teva Pharmaceuticals (TEVA), which is seeking to market a generic version of Cephalon’s sleep franchise product, Nuvigil. The lawsuit was filed in response to a Paragraph IV Certification...
4Dec2009 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger Makes Another Acquisition
Recently, Acklands-Grainger Inc., a wholly owned subsidiary of W.W. Grainger Inc. (GWW), acquired assets of the K&D Pratt Industrial Division. This division, which was earlier owned and operated by K&D Pratt Group Inc., distributes industrial and safety products. K&D...
4Dec2009 | vitalstocks | 0 comments | Continued(ARO) Aeropostale Reports Strong Third Quarter
Aeropostale Inc.’s (ARO) fiscal 2009 third-quarter net income jumped nearly 47% year over year to $62.6 million. Earnings per share came in at 92 cents, edging past the Zacks Consensus Estimate, for the 5th consecutive instance, by a penny. The result was also higher than the...
4Dec2009 | vitalstocks | 0 comments | Continued(ARGN) Top Performer for Fri: Amerigon – Zacks #1 Rank Top Performers
Amerigon Inc. (ARGN), a developer of thermoelectric (TE) technologies, was a Zacks #1 Rank Top Performer for Friday with shares that advanced approximately 7.6%. At more than 231,000 shares, volume for ARGN is exceeded the daily average at nearly 130,000. In late October, the...
4Dec2009 | vitalstocks | 0 comments | Continued(PNCL) Top Performer for Thurs: Pinnacle Airlines – Zacks #1 Rank Top Performers
The past month or so has been pretty good for Pinnacle Airlines Corp. (PNCL), as the company reported third-quarter EPS that surpassed the Zacks Consensus Estimate, which then led to higher revisions to its earnings estimates. As for today though, the company has made the Zacks...
4Dec2009 | vitalstocks | 0 comments | Continued(SNTS) Santarus Gets FDA Approval Boost
Santarus Inc. (SNTS) recently received good news with the U.S. Food and Drug Administration (FDA) approving its over-the-counter (OTC) version of Zegerid for the treatment of frequent heartburn. Santarus shares gained more than 16% on the news. The OTC version has been developed...
4Dec2009 | vitalstocks | 0 comments | Continued(SI) Siemens AG Takes Impairment Charge
Siemens AG (SI) reported fourth quarter of 2009 results which reflected charges of €1.63 billion on its stake in Nokia Siemens Networks (NSN). Income from continuing operations was a negative €982 million compared to a negative €1.259 billion in the fourth quarter a year...
4Dec2009 | vitalstocks | 0 comments | Continued(BAC) Bank of America Raises $19.3B to Exit TARP
Bank of America Corporation (BAC) has raised $19.29 billion by selling 1.286 billion common equivalent securities at $15 each, almost 5% below the company’s closing share price on Thursday. The company took this step as part of its plan to pay back $45 billion it received...
4Dec2009 | vitalstocks | 0 comments | Continued(MFC) Manulife Financial Corporation Gets Moody’s Upgrade
Manulife Financial Corporation’s (MFC) ratings outlook has been upgraded to “stable” from “negative” by Moody’s Investors Service (MCO) following Manulife’s capital raise of C$2.5 billion (US$2.37 billion) through stock offering. Moody’s has affirmed...
4Dec2009 | vitalstocks | 0 comments | Continued(NOVL) Novell’s Earnings Beat Expectations
A leading technology software company, Novell, Inc. (NOVL) reported fourth-quarter earnings that beat the Zacks Consensus Estimates. Although revenue declined, earnings were up from the year-ago period. Excluding the non-cash goodwill and intangible assets impairment charge of...
4Dec2009 | vitalstocks | 0 comments | Continued(CYTR) Good News for CytRx Corporation
CytRx Corp. (CYTR) announced that the U.S. Food and Drug Administration (FDA) lifted a clinical hold on its molecular chaperone candidate arimoclomol for treating patients suffering from amyotrophic lateral sclerosis (ALS or Lou Gehrig’s disease). The agency accepted a...
4Dec2009 | vitalstocks | 0 comments | Continued(ALLI) Allion Healthcare Beats Estimates by a Penny
Allion Healthcare (ALLI) reported third quarter earnings of 13 cents per share excluding expenses related to the merger with an affiliate of H.I.G. Capital, LLC, beating the Zacks Consensus Estimate by a penny. The company reported identical earnings in the year-ago quarter. Revenues...
4Dec2009 | vitalstocks | 0 comments | Continued(JCP) JC Penney Company Inc Sales Tow Guidance
JC Penney Company Inc. (JCP) recently reported sales results. The company’s comparable store sales for the month of November dipped 5.9% compared to an 11.9% decline in the same month last year. Comps were well within the company’s guidance range of a 4% to 7% decline predicted...
4Dec2009 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Slashes 2010 Capex Spending Plans
ConocoPhillips (COP) has approved its 2010 capital program of $11.2 billion. This is 10% lower than the estimated 2009 capital budget. The company has earmarked 86% of the total budget for the Exploration and Production (E&P) segment, while approximately 12% will be for the...
4Dec2009 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Corporation to Pay $13.75Billion for NBC
Comcast Corporation (CMCSA) is expected to pay $13.75 billion in cash and assets to gain control of NBC Universal from General Electric Company (GE). The new NBC Universal also is expected to borrow $9.1 billion, part of which will be used to cover the $5.8 billion that GE is...
4Dec2009 | vitalstocks | 0 comments | Continued(AZN) Significant Deal for AstraZeneca
AstraZeneca (AZN) and Targacept (TRGT) have taken a significant step in the multi-billion dollar antidepressant market. The two companies entered into a collaboration and license agreement regarding the development of a drug targeted towards major depressive disorder (MDD). The...
4Dec2009 | vitalstocks | 0 comments | Continued(CNXT) Conexant Systems Retires Debt
Conexant Systems, Inc. (CNXT) recently announced that it will redeem the remaining $61.4 million of outstanding floating rate senior secured notes due in November 2010 on Dec18, 2009. Earlier, the company retired an aggregate amount of $80 million of its senior secured notes...
4Dec2009 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Bags Navy Contract
Northrop Grumman Corp. (NOC) bagged a $171 million fixed-price contract from the U.S. Navy. The company will provide long lead materials for a continuation in the Aegis-class DDG 51 destroyer program. The funds will be used to purchase long lead time materials and major equipment...
4Dec2009 | vitalstocks | 0 comments | Continued(WMT) Wal-Mart Stores Poses Challenge for GameStop Corporation
Wal-Mart Stores Inc. (WMT) recently announced that it is lowering the prices of 25 of the most popular video games. The company intends to lower prices by about 15% to 20% by Christmas Eve. This announcement has been a major worry for the world’s largest video game and...
4Dec2009 | vitalstocks | 0 comments | Continued(AXP) Unemployment Duration Still Rising
While we got some very good news with the employment report today (see “Unemployment Report – WOW!”), there was one part of the report that was very troubling. While it looks like the number of people entering the pool of unemployed is falling, once people are...
4Dec2009 | vitalstocks | 0 comments | Continued