Archive for January, 2010
(TOL) December New Home Sales Weak
New Home Sales fell 7.6% in December from November to a seasonally adjusted annual rate of 342,000. This was well below the consensus estimate of a 366,000 annual rate and even 8.6% below the year ago rate of 374,000. The major consolation in the report was that November was...
27Jan2010 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Guides for 2010
Molina Healthcare Inc. (MOH) recently announced its guidance for fiscal 2010. The company expects to earn $1.50 per share corresponding to a net income of $39 million in 2010. The Zacks Consensus Estimate for 2010 is $1.68. Molina forecasts 2010 investment income to be $9 million....
27Jan2010 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Misses Earnings Expectations
MeadWestvaco Corp. (MWV) reported fourth-quarter 2009 results before the opening bell today. The company swung to a GAAP net profit from continuing operations of $51 million from a GAAP net loss of $16 million in the year-ago period. Excluding special items, earnings per share...
27Jan2010 | vitalstocks | 0 comments | Continued(PLXS) Plexus Corporation Beats The Street – Outlook Robust
Plexus Corporation (PLXS) reported first-quarter 2010 earnings of 44 cents per share, excluding restructuring charges and tax impact but including stock based compensation. The result beat the Zacks Consensus Estimate of 34 cents, and was above management’s guidance of 31 to...
27Jan2010 | vitalstocks | 0 comments | Continued(QLGC) QLogic’s Earnings Boosted by Enterprise Business
QLogic Inc. (QLGC) reported third quarter earnings that beat the Zacks Consensus Estimate by 2 cents. Revenue beat the consensus by 5.0%. Revenue Revenue of $149.1 million was up 13.4% sequentially and down 8.9% year over year. This was slightly better than the preliminary revenue...
27Jan2010 | vitalstocks | 0 comments | Continued(UTX) United Technologies Corporation Beats Expectations by a Penny
United Technologies Corporation (UTX) reported fourth quarter 2009 earnings per share of $1.15, down 7% over the year-ago quarter. Results for the current quarter include an $0.08 per share charge for restructuring costs net of one-time items. This is ahead of Zacks Consensus...
27Jan2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Beats Consensus Estimates
St. Jude Medical, Inc. (STJ) reported strong financial results for the fourth quarter and full fiscal 2009. For the fourth quarter, earnings per share came in at 64 cents, beating the Zacks Consensus Estimate of 62 cents and the year-ago earnings of 58 cents. For full fiscal...
27Jan2010 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Sees 16 Analysts Raising Fourth Quarter Estimates
Watson Pharmaceuticals, Inc. (WPI) reports fourth-quarter results on February 23, with the current Zacks Consensus Estimate at 72 cents per share. Estimates appear to be modestly up, with one of the 16 analysts covering the stock raising fourth quarter estimates in the last 30...
27Jan2010 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories Beats The Street and Guides Higher
Abbott Laboratories (ABT) reported fourth quarter earnings of $1.18 per share, a cent above the Zacks Consensus Estimate of $1.17. Earnings increased 11.3% from the year-ago period. For the full year, Abbott reported earnings of $3.72, up 12% from the year-ago period. Full year...
27Jan2010 | vitalstocks | 0 comments | Continued(BXP) Boston Properties’ Earnings Slightly Miss Expectations
Boston Properties Inc. (BXP), one of the leading real estate investment trusts, reported strong fourth quarter 2009 results with FFO (funds from operations) of $146.1 million or $1.04 per share compared to ($0.6) million or ($0.01) per share in the year-earlier quarter. Funds...
27Jan2010 | vitalstocks | 0 comments | Continued(PVSW) Pervasive Software Reports In-line Quarter
Pervasive Software Inc. (PVSW) reported revenues of $11.6 million in the second quarter of fiscal 2010, up 4% year over year. Revenues from domestic operations came in at $8 million, down 10% sequentially but up 5% year over year. International operations (primarily Europe and...
27Jan2010 | vitalstocks | 0 comments | Continued(MOLX) Molex Incorporated Sees Broad-Based Strength
Molex Inc’s (MOLX) earnings for the fiscal second quarter ended December 2009 beat the Zacks Consensus by 2 cents. Revenue beat the Consensus by 2.9%. Shares were up 2.5% after-hours as investors responded to the improving business metrics for the rest of fiscal year 2010. The...
27Jan2010 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation – Surprised by 38.6% in the Third Quarter
Newmont Mining Corporation (NEM) is riding the gold rush as the company has surprised on estimates 3 out of the last 4 quarters by an average of 11.02%. NEM is trading with a PEG ratio of just 0.86. Company Description Newmont Mining is one of the largest gold producers in the...
27Jan2010 | vitalstocks | 0 comments | Continued(PLCM) Polycom Reports Mixed Earnings Results
Yesterday, after market closed, Polycom (PLCM) declared its fourth quarter 2009 financial results. Quarterly total revenue of $267.9 million was up 1.8% year-over-year and up 10% sequentially. The revenue was also better than the Zacks Consensus Estimate of $256 million. The...
27Jan2010 | vitalstocks | 0 comments | Continued(CAT) Caterpillar’s Fourth Quarter Report Outperforms Yet Again
Caterpillar Inc. (CAT) reported fourth quarter earnings of 41 cents per share, beating the Zacks Consensus Estimate of 28 cents per share. However, the company’s EPS declined 62.0% on a year-over-year basis. Revenue in the quarter was down 38.9% to $7.9 billion from $12.9 billion...
27Jan2010 | vitalstocks | 0 comments | Continued(TUES) Tuesday Morning Corporation Posts Strong Second Quarter
Tuesday Morning Corp. (TUES) recently reported fiscal 2010 second quarter results. The company posted a strong 45% growth in net income to $18.5 million, from $12.7 million in the year-ago quarter. Earnings per share came in at 43 cents per share, which topped the Zacks Consensus...
27Jan2010 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Beats Earnings Expectations but Refining and Marketing Segment Lags
ConocoPhillips (COP) reported fourth-quarter earnings of $1.16 per share, above the Zacks Consensus Estimate of $1.12. However, earnings per share were well below the year-earlier figure of $1.28. This fall was mainly due to lower natural gas prices, a sharp decline in refining...
27Jan2010 | vitalstocks | 0 comments | Continued(VLO) Valero Energy Corporation Beats Expectations – Analysts Maintain Underperform
Valero Energy Corp. (VLO) — the largest independent oil refiner in the U.S. — reported better-than-expected fourth-quarter results, reflecting lower operating costs. Loss per share, excluding one-time items, came in at 28 cents, significantly better than the Zacks...
27Jan2010 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway to Replace Burlington Northern Santa Fe in S&P 500
Yesterday, Standard and Poor’s (S&P) announced that it will be adding Berkshire Hathaway (BRKA), (BRKB) in place of Burlington Northern Santa Fe Corp. (BNI) in its S&P 500 index. This move by S&P comes after Berkshire last week announced a 50-for-1 split of its...
27Jan2010 | vitalstocks | 0 comments | Continued(NLTX) Nile Therapeutics Initiated at Outperform by Analysts
We are initiating coverage of Nile Therapeutics (NLTX) with an Outperform rating and a near-term price target of $2.50 per share. Nile is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure...
27Jan2010 | vitalstocks | 0 comments | Continued(MCK) McKesson Corporation Reports Earnings in Line With Analysts
McKesson Corp. (MCK) reported fiscal third-quarter earnings of $1.19 per share, in line with the Zacks Consensus Estimate. However, earnings increased 13% from the year-ago profit of $1.05. Meanwhile, revenues increased 4% to $28.3 billion, driven by the strong performance of...
27Jan2010 | vitalstocks | 0 comments | Continued(SMA) Symmetry Medical Enters New Agreement With OrthoPediatrics Corporation
Symmetry Medical, Inc. (SMA) recently entered into an exclusive five-year supply agreement with OrthoPediatrics Corp., a bio-science company that develops, designs and distributes anatomically appropriate orthopedic implants and solutions for pediatric and small stature patients. Per...
27Jan2010 | vitalstocks | 0 comments | Continued(PX) Praxair Earnings Report is in Line with Earnings Consensus
Praxair, Inc. (PX) reported better-than-expected results for the fourth quarter and fiscal 2009. Net earnings stood at $340 million or $1.09 per share, and $1,254 million or $4.01 during the fourth quarter and full year 2009, respectively. This was much higher than the EPS of...
27Jan2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Earnings Report Tops Expectations
Yahoo! Inc. (YHOO) announced fourth-quarter and full-year results after the closing bell. Fourth-quarter earnings per share of 15 cents came in above the Zacks Consensus Estimate of 11 cents. The 15-cent earnings result does not account for a 4-cent charge that is related to...
27Jan2010 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Inks Deal with CB Richard Ellis Group
The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has inked a deal with CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate firm, to sell or lease over 1,000 acres of its land adjacent to the new Northwest Florida...
27Jan2010 | vitalstocks | 0 comments | Continued(FCS) Fairchild Semiconductor – Better Balance Sheet – Earnings Estimates Pop
Fairchild Semiconductor (FCS) shares are surging on the most recent quarterly report. Share of FCS are also a great value as analysts continue to raise estimates. Company Description Fairchild Semi makes energy-efficient semiconductors for consumer, communication, automotive...
27Jan2010 | vitalstocks | 0 comments | Continued(BA) Boeing’s Earnings Report Flies High Above Consensus
Boeing Company (BA) has posted fourth quarter fiscal 2009 earnings of $1.79 per diluted share, flying past the Zacks Consensus Estimate of $1.37 per share. For fiscal 2009 the company reported earnings of $1.89, beating the Zacks Consensus Estimate of $1.45 per share. Boeing’s...
27Jan2010 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences’ Reports Results 42% Ahead of Last Year
Gilead Sciences (GILD) has reported a strong fourth quarter and full year results. The company reported quarterly revenues of $2.03 billion, up 42% compared to the year-ago period. Gilead’s earnings per share (EPS) came in at 87 cents. However, excluding non- recurring items,...
27Jan2010 | vitalstocks | 0 comments | Continued(ALTR) Altera Corporation Beats Expectations
Altera Corporation (ALTR) reported fourth quarter sales of $365.0 million, up 27% sequentially and up 16% year over year. New product sales increased 30% sequentially. Incoming orders continue to be strong and the book-to-bill ratio was well above 1 driving the strong sequential...
27Jan2010 | vitalstocks | 0 comments | Continued(SNDK) SanDisk Corporation – Earnings Estimates Jump Prior to Report
SanDisk Corp. (SNDK) recently hit a new 52-week high at $32 after breaking above a short-term level of resistance at $23. The company is set to report its Q4 results on Jan 28, and if Q3 is any indication, investors should be pleased. Company Description SanDisk Corporation designs...
27Jan2010 | vitalstocks | 0 comments | Continued