Archive for January, 2010
(CTXS) Citrix System’s Outperforms Wall Street’s Expectations
Yesterday, after market close, Citrix System (CTXS) declared financial results for the fourth quarter of 2009. GAAP net income in the reported quarter was $88.2 million or 47 cents per share compared to a net income of $60.1 million or 33 cents per share in the prior-year quarter....
28Jan2010 | vitalstocks | 0 comments | Continued(MEOH) Methanex Corporation Earnings Improve
Methanex Corporation (MEOH), the world’s largest supplier of methanol, reported a fourth quarter net income of $25.7 million, or 28 cents per share, in contrast to a net loss of $3.9 million or 4 cents per share in the year-ago period. Earnings were, however, slightly below...
28Jan2010 | vitalstocks | 0 comments | Continued(TER) Teradyne Beats Expectations – Guides Stronger
Teradyne Inc. (TER) reported fourth quarter earnings that beat the Zacks Consensus estimate by 5 cents. The company has a history of positive surprises, and the net negative surprise of 2.12% in the four preceding quarters is skewed by the Dec 2008 quarter, when it was severely...
28Jan2010 | vitalstocks | 0 comments | Continued(BLL) Ball Corporation Posts Higher Profits
Ball Corporation (BLL) reported fourth quarter earnings of 84 cents per share, beating the Zacks Consensus Estimate of 71 cents. The company posted year over year earnings growth of 50% for the quarter. Strong earnings growth in the quarter was driven by higher sales as well...
28Jan2010 | vitalstocks | 0 comments | Continued(X) U.S. Steel Corporation’s Ratings Lowered by Fitch Ratings Agency
According to Reuters, Fitch Ratings Agency has downgraded the ratings of U.S. Steel Corporation (X) to junk status on account of a lack of visibility about the company’s return to profitability. Fitch has lowered the steelmaker’s issuer default rating and senior unsecured...
28Jan2010 | vitalstocks | 0 comments | Continued(VAR) Varian Medical Systems Beats Expectations – Raises Guidance
Varian Medical Systems (VAR) has reported strong first quarter fiscal 2010 results. The company reported revenues of $540.94 million, up 6.3% from the corresponding period last year. Varian’s first quarter earnings per share (EPS) came in at 63 cents, which surpassed the Zacks...
28Jan2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Corporation Fourth Quarter FFO Declines
Duke Realty Corp. (DRE), a real estate investment trust (REIT), reported FFO (fund from operations) of 33 cents and 4 cents per share in the fourth quarter and for full fiscal 2009, respectively, compared to 70 cents and $2.51 in the comparable periods in 2008. Fund from operations,...
28Jan2010 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Tops Expectations – Lifts Guidance
Harris Corp (HRS) announced better-than-expected results for the second quarter of fiscal 2010 with adjusted (excluding acquisition-related costs) earnings per share of $1.08, well above the Zacks Consensus Estimate of 94 cents, boosted by strong demand for its advanced tactical...
28Jan2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm’s Earnings Meet Expectations – Guidance Down
Yesterday, after market close, Qualcomm Inc. (QCOM) reported financial results for its first quarter of fiscal 2010. Although the quarterly results broadly meet our estimates, the company has reduced its guidance for full fiscal 2010. Management cited ever increasing competition,...
28Jan2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Tops Expectations
BMC Software (BMC) reported third quarter 2010 earnings per share of 76 cents, exceeding the Zacks Consensus Estimate of 60 cents per share. Revenue Revenue of $508.0 million was up 4% from the year-ago period. Out of the three revenue segments in which the company reports, only...
28Jan2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors Suspends Sales for Recall
Toyota Motors (TM) has decided to suspend sales of 8 models involved in another round of recall of 2.3 million vehicles to correct sticking accelerator pedals on specific Toyota Division models, announced on January 21, 2010. Toyota has noticed sticking accelerator pedal mechanisms...
28Jan2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Beats Earnings Expectations
Time Warner Cable Inc. (TWC) reported its fourth quarter 2009 financial results today. Supported by strong free cash flow in fiscal 2009, the Board of Directors of Time Warner Cable declared a quarterly dividend of 40 cents ($1.60 per annum) per share of its common stock for...
28Jan2010 | vitalstocks | 0 comments | Continued(EL) The Estee Lauder Companies Earnings Jump
The Estee Lauder Companies (EL), the manufacturer and marketer of cosmetics products, recently reported better-than-expected second-quarter 2010 results on the heels of robust global sales growth, cost containment and savings from restructuring, registering double-digit increase...
28Jan2010 | vitalstocks | 0 comments | Continued(COL) Rockwell Collins’ Earnings Disappoint
Rockwell Collins Inc. (COL), the supplier of avionics and military equipment, recently reported dismal first-quarter 2010 results. Although, quarterly earnings of 76 cents per share topped the Zacks Consensus Estimate of 73 cents, it fell 20% from 95 cents delivered in the...
28Jan2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Corporation – Analysts Have Submitted Eleven Upward Revisions
Xerox Corp. (XRX) pleased investors with its earnings release last week. Covering analysts continue to raise estimates making shares of XRX an even better value. Company Description Xerox Corp is well known for its copy, printer and multi-functional machines as well as software...
28Jan2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Misses Earnings Reports by a Penny
This morning, Eli Lilly (LLY) reported fourth quarter and fiscal 2009 results. The company reported earnings per share (EPS) of 83 cents, compared to a loss of $3.31 in the corresponding period last year. However, after making adjustments for certain items, Lilly’s EPS came...
28Jan2010 | vitalstocks | 0 comments | Continued(TCBI) Texas Capital Bancshares Tops View
Texas Capital Bancshares Inc.’s (TCBI) fourth quarter earnings of 18 cents per share were slightly ahead of the Zacks Consensus Estimate of 16 cents. The company had earned 11 cents in the year-ago quarter. The better-than-expected results were primarily driven by an increase...
28Jan2010 | vitalstocks | 0 comments | Continued(BMS) Bemis Company Reports Fourth Quarter Growth
Bemis Company, Inc. (BMS) reported third-quarter earnings of 35 cents per share, compared to 33 cents in the prior-year quarter. Earnings growth in the quarter was driven by higher sales in the Flexible Packaging segment, favorable currency translation impact and successful cost...
28Jan2010 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Tops Expectations – Boosts Guidance
L-3 Communications Holdings Inc. (LLL) released robust fourth quarter results. In the reported quarter, the company achieved earning per share (EPS) of $1.93, beating the Zacks Consensus Estimate of $1.86. Net sales rose 5% to a record $4.2 billion in the reported quarter from...
28Jan2010 | vitalstocks | 0 comments | Continued(SYMC) Symantec’s Earnings Exceed Expectations – Revenues Down
Symantec Corporation (SYMC) reported third quarter 2010 earnings per share of 40 cents, exceeding the Zacks Consensus Estimate of 33 cents. Revenue Symantec reported quarterly GAAP net revenue of $1.55 billion, down 2% from $1.51 billion reported in the year-ago quarter. Non-GAAP...
28Jan2010 | vitalstocks | 0 comments | Continued(MO) Altria Group Misses Analyst Estimates
Altria Group Inc. (MO) has reported strong fourth quarter 2009 results, with earnings of 35 cents per share, up 6.1% compared to the year-earlier quarter. For full fiscal 2009, earnings were up 4.1% year-over-year to $1.54 per share. Altria’s adjusted earnings were up 5.4%...
28Jan2010 | vitalstocks | 0 comments | Continued(PG) The Procter & Gamble Company Reports Strong Second Quarter
The Procter & Gamble Company (PG) reported results for the second quarter of fiscal 2010 with earnings of $1.10 per share, below the Zacks Consensus Estimate of $1.37 but up 22% year-over-year. Net sales for the quarter increased 6.4% year-over-year to $21.0 billion, driven...
28Jan2010 | vitalstocks | 0 comments | Continued($MOT) Motorola’s Earnings Report Beats but Sales Down
Motorola Inc. (MOT) today declared financial results for the fourth quarter 2009. Quarterly net income from continuing operations was $142 million or 6 cents per share, compared to a net loss of $3.66 million or $1.61 per share in the prior-year quarter. Fourth quarter adjusted...
28Jan2010 | vitalstocks | 0 comments | Continued(OXM) Oxford Industries – Surprised By 50% in the Third Quarter
Oxford Industries, Inc. (OXM) has put together a nice earnings surprise streak over the last 4 quarters despite the tough retail environment. It has surprised on average of 67% during that period. OXM is trading with a forward P/E of 14.6. Company Description Oxford Industries...
28Jan2010 | vitalstocks | 0 comments | Continued(DV) DeVry Incorporated – Excellent Results – Earnings Forecasts are Up
DeVry Inc. (DV) recently reported a strong fiscal second quarter. Earnings of $1.00 per share topped the previous year’s 59 cents and exceeded the Zacks Consensus Estimate by 20.5%. Company Description DeVry is the holding company for DeVry University, Advanced Academics,...
28Jan2010 | vitalstocks | 0 comments | Continued(CL) Colgate Palmolive Company Beats Wall Street’s Consensus
Colgate Palmolive Company (CL) reported results for the fourth quarter and full year of 2009 with fourth quarter earnings of $1.21 per share, which was 8 cents above the Zacks Consensus Estimate of $1.13. Earnings were up 21% year-over-year, driven by effective price implementation...
28Jan2010 | vitalstocks | 0 comments | Continued(F) Ford Reports First Yearly Profit Since 2005
Ford Motor Co. (F) has shown a profit of $8 million (excluding special items) for 2009, driven by favorable net pricing, structural cost reductions, net gains on debt reduction actions and strong Ford Credit results. This was the company’s first annual profit since 2005...
28Jan2010 | vitalstocks | 0 comments | Continued(PLXS) Plexus Corporation – Earnings Estimates Jump
Plexus Corp. (PLXS) just hit a new 52-week high above $35 after the company reported better than expected first-quarter results on Jan 20. Company Description Plexus, Corp., with its subsidiaries, provides electronic manufacturing services to original equipment manufacturers...
28Jan2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands – Bull of the Day
Limited Brands’ (LTD) sustained focus on cost containment, inventory management and merchandise initiatives has kept it afloat in a difficult consumer environment. The company’s Bath & Body Works segment regained its lost momentum in third-quarter 2009, primarily...
28Jan2010 | vitalstocks | 0 comments | Continued(PGN) Progress Energy – Bear of the Day
Progress Energy (PGN) is one of the nation’s larger pure-play electricity utilities with solid rate base growth opportunity in the long-term. Given the disappointing outcome of the Florida rate case and a lowered 2010 guidance, we expect the stock to remain under pressure...
28Jan2010 | vitalstocks | 0 comments | Continued