Archive for January, 2010
(WAT) Waters Corporation Matches Earnings Estimates
Waters Corporation (WAT) reported earnings per share of $1.10, excluding restructuring charges, for the fourth quarter of 2009, which matched the Zacks Consensus Estimate. The company reported fourth quarter 2009 sales of $429 million, an increase of 3% from sales of $418 million...
26Jan2010 | vitalstocks | 0 comments | Continued(TXT) Textron Subsidiary Gets Army Software Contract
Textron Inc.’s (TXT) subsidiary Textron Systems has been awarded a U.S. Army contract for software development, training and support for the future intelligence framework. This Distributed Common Ground System-Army (DCGS-A) Indefinite Delivery/Indefinite Quantity (IDIQ) contract...
26Jan2010 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Tops Estimates – Earnings Sink Year-Over-Year
Baker Hughes Inc. (BHI), one of the largest oilfield service companies in the world, reported fourth-quarter 2009 earnings of 43 cents per share, compared to the Zacks Consensus Estimate of 34 cents and year-ago earnings of $1.49. The substantial fall in earnings year-over-year...
26Jan2010 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Corporation Tops Expectations – Outlook Robust
Peabody Energy Corporation (BTU) reported fourth-quarter and full-year 2009 earnings of 43 cents and $1.92 per share, respectively, beating the Zacks Consensus Estimate of 30 cents and $1.78. However, the quarterly and yearly results were down 53% and 43% from the respective...
26Jan2010 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Beats Expectations – Lead Times Stretch
Texas Instruments (TXN) reported fourth quarter results that beat the Zacks Consensus Estimate by 5 cents. Revenue was in line with the consensus, exceeding by 0.8%. Revenue Revenue of $3.01 billion was up 4.3% sequentially, up 20.6% year over year and at the high-end of the...
26Jan2010 | vitalstocks | 0 comments | Continued(AAPL) Apple’s Earnings Report Beats on All Fronts
Apple Inc.’s (AAPL) first-quarter of 2010 earnings, margins and revenues were much better than expected. The results were a record in the company’s history and surpassed expectations on all fronts. Apple’s share price rose 2.69% and closed at $203.07 and increased 1% after...
26Jan2010 | vitalstocks | 0 comments | Continued(ERIC) LM Ericsson Telephone Company’s Quarterly Profit Falls 82%
LM Ericsson Telephone Company (ERIC) reported 82% year-over-year drop in fourth quarter 2009 net income at SEK 0.7 billion ($100 million) on revenues of SEK 58.3 billion ($8.3 billion). Networks’ sales in the quarter declined by 16% year-over-year. Full year sales declined...
26Jan2010 | vitalstocks | 0 comments | Continued(PHG) Koninklijke Philips Electronics N.V. Beats Earnings Estimates
Koninklijke Philips Electronics N.V. (PHG) reported earnings per share of 39 cents, beating the Zacks Consensus Estimate of 18 cents for the fourth quarter of 2009. Revenues were $10.727 billion for the quarter. Comparable sales improved for a third consecutive quarter, returning...
26Jan2010 | vitalstocks | 0 comments | Continued(OMG) OM Group Incorporated – Earnings Surprised on the Third Quarter by 56.76%
OM Group, Inc. (OMG) has seen demand return in some of its key chemical markets, especially in technology. The company has surprised on estimates 2 out of the last 4 quarters. OM Group trades with a forward P/E of 14.4. Company Description OM Group manufactures specialty chemicals...
26Jan2010 | vitalstocks | 0 comments | Continued(XLNX) Xilinx Incorporated – Record Results and Strong Momentum
Xilinx Inc. (XLNX) recently reported record fiscal third-quarter sales of $513.13 million, a 24% sequential increase and a 12% jump year-over-year. Earnings came in at 40 cents per share, eclipsing the Zacks Consensus Estimate by 14%. Company Description Xilinx Inc. designs,...
26Jan2010 | vitalstocks | 0 comments | Continued(CBD) Companhia Brasileira de Distribuicao – Double-Digit Earnings Growth
Companhia Brasileira de Distribuicao (CBD) recently posted excellent sales results after an acquisition and 11% comparable stores growth. Company Description Companhia Brasileira de Distribuicao, also referred to as Grupo Pao de Acucar, is a Brazilian retailer. The company operates...
26Jan2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Beats Earnings Expectations – Guidance Disappoints
Johnson & Johnson (JNJ) reported fourth quarter earnings of 79 cents, which was impacted by a restructuring charge. However, excluding extraordinary items, the company’s earnings per share came in at $1.02, surpassing the Zacks Consensus Estimate of 97 cents and 94 cents...
26Jan2010 | vitalstocks | 0 comments | Continued(AES) AES Corporation – Bear of the Day
Our Underperform recommendation on AES Corporation (AES) takes into account the significant international presence of its fossil fuel power plants in several emerging markets, thereby exposing it to both foreign currency and political risk. The company’s predominantly long-term...
26Jan2010 | vitalstocks | 0 comments | Continued(GEOI) GeoReseources Incorporated – Bullish 51% Growth Projection
GeoReseources, Inc. (GEOI) recently hit a new 52-week high on rising estimates and the company’s strong Q3 results from early November. Company Description GeoResources, Inc. operates as an independent oil and gas company involved in the production and exploration of crude...
26Jan2010 | vitalstocks | 0 comments | Continued(CREE) Cree Incorporated – Bull of the Day
Cree, Inc. (CREE) is one of the leading producers of SiC and GaN-based LEDs. September quarter revenue and earnings exceeded consensus estimates. The global movement to energy efficient lighting is prompting lighting companies and consumers to look at other options. Therefore,...
26Jan2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation’s Loss Slims as They Beat Earnings Estimates
On Monday, Zions Bancorporation (ZION) reported a fourth quarter 2009 net loss of $176.5 million or $1.26 per share, compared to a net loss of $179.5 million or $1.41 in the prior quarter and a net income of $498.1 million or $4.37 in the prior-year quarter. Results were substantially...
26Jan2010 | vitalstocks | 0 comments | Continued(AMGN) Amgen’s Fourth Quarter Report Misses Expectations but Company Guides Higher
Amgen (AMGN) reported fourth quarter earnings per share of $1.03, well below the Zacks Consensus Estimate of $1.11 and a cent below the year-ago earnings of $1.04. Full year earnings came in at $4.83, 8 cents below the Zacks Consensus Estimate but 7.8% above the year-ago earnings...
26Jan2010 | vitalstocks | 0 comments | Continued(WFT) Weatherford International’s Earnings Report Badly Misses Expectations
Weatherford International Ltd (WFT), a leading oilfield services company, reported a significantly weaker-than-expected fourth-quarter 2009 recurring earnings of 2 cents per diluted share, compared to the Zacks Consensus Estimate of 12 cents and year-ago earnings of 53 cents....
26Jan2010 | vitalstocks | 0 comments | Continued($VZ) Verizon’s Earnings Report a Penny Shy of Expectations
US wireless kingpin Verizon (VZ) reported operating results for fourth-quarter 2009 with adjusted (non-GAAP) earnings per share (EPS) of 54 cents, falling short of the Zacks Consensus Estimate by a penny while declining from 61 cents reported a year-ago. The company’s shares...
26Jan2010 | vitalstocks | 0 comments | Continued($EMC) EMC Beats Expectations and Guides Earnings Higher
EMC Corp.’s (EMC) fourth-quarter 2009 results exceeded the Zacks Consensus Estimate as well as the company’s own expectations. EMC reported record revenues for the quarter, growing year over year after four consecutive quarters of year-over-year declines, driven by cost-cutting...
26Jan2010 | vitalstocks | 0 comments | Continued(SNE) Picture Your Portfolio Bigger And Better With 3D Technology
by Tony Daltorio, Investment U Research Tuesday, January 26, 2010 After three decades of experiments, false starts and broken promises, high quality, low cost, 3D TV seems to be right around the corner. With the industry beginning to set the necessary standards to support the...
26Jan2010 | InvestmentU | 0 comments | Continued(JWN) Nordstrom Opens New Rack in Chicago
Nordstrom Inc. (JWN), a leading fashion specialty retailer, recently announced plans to open a new 36,000 square feet Nordstrom Rack on East Chicago Avenue between North Michigan Avenue and North Rush Street. The new store would be the seventh of its kind in greater Chicago and...
25Jan2010 | vitalstocks | 0 comments | Continued(GMT) GATX Corporation Loses on Low Freight Rates
GATX Corporation’s (GMT) fourth quarter earnings of 35 cents per share were a couple of pennies below the Zacks Consensus Estimate of 37 cents. A year ago, the company had reported a profit of 58 cents. GATX, which provides transportation assets to rail companies, witnessed...
25Jan2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Delivers Solid Quarter
Skyworks Solutions, Inc. (SWKS) reported revenues of $245.1 million in the first quarter of fiscal 2010, up 17% year over year and surpassed management’s guidance range of $238 million – $242 million. The top-line growth was driven by increasing demand for mobile Internet...
25Jan2010 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Earns Positive Opinion From Te European Medicines Agency
Last week, GlaxoSmithKline (GSK) and Denmark-based Genmab received good news with the European Medicines Agency’s (EMEA) Committee for Medicinal Products for Human Use (CHMP) issuing a positive opinion for Arzerra (ofatumumab), a monoclonal antibody. GlaxoSmithKline is seeking...
25Jan2010 | vitalstocks | 0 comments | Continued(ETN) Eaton Corporation Beats Consensus Estimates
Electrical equipment maker Eaton Corporation (ETN) reported fourth quarter earnings of $1.35 per share, beating its own guidance of $1.15-$1.25 and the Zacks Consensus Estimate of $1.23. Quarterly earnings also increased 25% from the year-ago profit of $1.08 per share. For the...
25Jan2010 | vitalstocks | 0 comments | Continued(EFII) Electronics For Imaging Misses Estimates by a Penny
Electronics For Imaging Inc. (EFII) recently posted fourth quarter net loss of $3.4 million or 7 cents per share, compared to a loss of $104.5 million or $2.03 per share in the year-ago period, which included a goodwill and asset impairment charge of $111.9 million. The quarterly...
25Jan2010 | vitalstocks | 0 comments | Continued(UBS) Swiss Ruling Worries UBS Investors
Last Friday, a Swiss court ruled against the transfer of data of American clients of UBS AG (UBS). This ruling has raised doubts about the settlement that had enabled the US authorities to get the details of alleged tax-evading American clients of UBS AG. According to the ruling,...
25Jan2010 | vitalstocks | 0 comments | Continued(LBTYA) Liberty Global To Sell Japanese Operations
Liberty Global Inc. (LBTYA) has decided to disinvest its Japanese operations. Today the company announced that its has entered into an agreement with KDDI Corp. to sell its subsidiaries that directly or indirectly hold 37.8% ownership interest in Japan’s Jupiter Telecommunications...
25Jan2010 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Sees 20% Earnings Growth Ahead
With the announcement of the 2010 financial outlook, Spectra Energy (SE) sees more than 20% earnings growth and expects to maintain at least its current annual dividend of $1.00 per share. The company is targeting diluted earnings per share of $1.42 this year with a 2010–2012...
25Jan2010 | vitalstocks | 0 comments | Continued