Archive for February, 2010
(NOC) Northrop Grumman Corporation Fires Past Estimates
Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NOC) reported impressive fourth quarter results, with EPS of $1.37 beating the Zacks Consensus Estimate of $1.26. The upsurge was also witnessed in fiscal 2009 results where an EPS of $5.50...
5Feb2010 | vitalstocks | 0 comments | Continued(TGI) Triumph Group Underperforms Expectations
Triumph Group, Inc. (TGI) reported results for the third quarter of fiscal 2010. Income from continuing operations was $18.1 million, or $1.08 per diluted share — down from $20.1 million, or $1.21 per diluted share, for the third quarter of the prior year. Reported EPS...
5Feb2010 | vitalstocks | 0 comments | Continued(RAI) Reynolds American’s Profits Miss Forecasts
Reynolds American Inc. (RAI) reported fourth quarter earnings of $1.10 per share, down from the Zacks Consensus Estimate of $1.15 and the last year’s earnings of $1.27. The quarterly decline in earnings was the result of higher pension expenses. For the full-year 2009, the...
5Feb2010 | vitalstocks | 0 comments | Continued(CSC) Computer Science Corporation Wins Important Contracts
Computer Science Corporation (CSC) has been in the news recently for winning some important contracts, though their impact on near-term earnings is not significant. In its contract with the Department of Veterans Affairs, the company will be providing healthcare claims processing...
5Feb2010 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences – Earnings Report Posts Record-Setting Quarter
Gilead Sciences, Inc (GILD) posted record sales last week and analysts continue to raise estimates. The double-digit growth rates are also coming at a great value. Company Description Gilead Sciences is a pharmaceutical company that makes new medicines for life-threatening diseases. Record-Setting...
5Feb2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Posts Wider Loss
Oil refiner and marketer Sunoco Inc. (SUN) reported marginally weaker-than-expected fourth quarter results, as the challenging market environment continued to adversely impact the company’s volumes and margins in its petroleum and the chemical businesses. Loss per share, excluding...
5Feb2010 | vitalstocks | 0 comments | Continued(AET) Aetna Misses Expectations – Outlook Disappoints
Aetna Inc. (AET) reported fourth quarter operating earnings per share (EPS) of 40 cents, missing the Zacks Consensus Estimate of 42 cents and was 58% lower than the 96 cents reported in the year-ago quarter. The primary reason for the decline was lower commercial underwriting...
5Feb2010 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser Company’s Earnings Miss Expectations
Weyerhaeuser Company (WY) reported a net loss of $109 million or 52 cents per share for the fourth quarter of 2009, compared to a net loss of $209 million or 99 cents in the same quarter of 2008. However, the reported loss per share was more than the Zacks Consensus Estimate...
5Feb2010 | vitalstocks | 0 comments | Continued(FMC) FMC Corporation Beats Consensus Estimates
FMC Corp. (FMC) reported results for the fourth quarter and full fiscal 2009. FMC’s quarterly income stood at $68.9 million or 94 cents per share, from $75.4 million or $1.02 in the prior-year quarter. However, this was above the Zacks Consensus Estimate of 90 cents per share....
5Feb2010 | vitalstocks | 0 comments | Continued(WFR) MEMC Electronic Materials Misses Expectations – Sees Better Pricing
MEMC Electronic Materials’ (WFR) fourth-quarter earnings missed the Zacks Consensus Estimate by 2 cents. The company’s share price fell 17.5% in response to the news. Revenues Revenues of $356.7 million were up 15.1% sequentially and down 16.2% year over year. The primary...
5Feb2010 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Beats Marginally – Reaffirms
Fidelity National Information Services Inc. (FIS), an electronic payment processor, announced fourth-quarter 2009 earnings that marginally beat the Zacks Consensus Estimate by a penny. However, earnings on a non-GAAP basis came in at 44 cents per share, down 6.4% from 47 cents...
5Feb2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Settles Subprime Lawsuit
State Street Corporation (STT) agreed on Thursday to pay investors over $300 million to settle allegations by federal and state regulators over misleading investors about its investments in subprime mortgages at the beginning of the credit crisis. Under the terms of the settlement,...
5Feb2010 | vitalstocks | 0 comments | Continued(WSH) Willis Group Holdings Limited Reports Earnings Almost In Line
Willis Group Holdings Limited (WSH) reported fourth quarter earnings of 47 cents per share. Results were just a cent short of the Zacks Consensus Estimate of 48 cents. Most of the items were in line with our expectations. However, results were up compared with the prior-year...
5Feb2010 | vitalstocks | 0 comments | Continued(BECN) Beacon Roofing Supply Posts Earnings Below Expectations
Beacon Roofing Supply, Inc. (BECN) reported results for the first quarter of fiscal 2010. The company reported earnings of 17 cents per share, which was below the Zacks Consensus Estimate of 19 cents and down 58.5% from earnings of 41 cents in the first quarter of fiscal 2009. Quarterly...
5Feb2010 | vitalstocks | 0 comments | Continued(K) Kellogg Company’s Earnings Report Misses Consensus Estimates
Kellogg Company (K) reported fourth-quarter results with earnings of 46 cents per share. Earnings were below the Zacks Consensus Estimate of 48 cents and down 2.1% year over year. Quarterly net sales declined 1.1% to $2.9 billion driven by benefits from price/mix (+3.3%) and...
5Feb2010 | vitalstocks | 0 comments | Continued(HSP) Hospira Earnings Comes in Well Ahead of Expectations
Hospira (HSP) reported strong fourth quarter and full year 2009 results. Earnings per share (EPS) came in at 87 cents, well above the Zacks Consensus Estimate of 70 cents and the year-ago earnings of 78 cents. Revenues recorded a year-over-year increase of 15.5% to $1.1 billion,...
5Feb2010 | vitalstocks | 0 comments | Continued(ABC) AmerisourceBergen Corporation Reports Robust Quarterly Results
AmerisourceBergen Corporation (ABC) recently declared a dividend of 8 cents per share. The company pays an industry-leading dividend yield of 1.13%. In late January, the company reported record earnings of 52 cents for the fiscal first quarter, topping the Zacks Consensus Estimate...
5Feb2010 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes Earnings Exceed Consensus Estimates
Pitney Bowes Inc. (PBI) reported fourth quarter 2009 earnings per share from continuing operations of 64 cents per share, exceeding the Zacks Consensus Estimate of 61 cents. Revenue for the quarter was $1.5 billion, a decline of 6% compared with the prior year, while on a constant...
5Feb2010 | vitalstocks | 0 comments | Continued(ALKS) Alkermes Reports Lower Third Quarter Loss
Alkermes Inc. (ALKS) reported a third quarter fiscal 2010 net loss of 3 cents per share (excluding items but including stock based compensation) compared with a loss of 9 cents in the year-ago period (excluding the impact of the termination of the collaboration agreements with...
5Feb2010 | vitalstocks | 0 comments | Continued(CBEH) China Integrated Energy Incorporated Reports a Record Third Quarter
China Integrated Energy, Inc. (CBEH) recently added 5 gas stations to its arsenal following its strategy to expand retail and distribution operations in 2010. CBEH is cheap, trading at just 8.06x forward earnings. Company Description China Integrated Energy distributes gasoline,...
5Feb2010 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline’s Vaccines Drive Revenues
GlaxoSmithKline Plc. (GSK) reported fourth quarter earnings of $1.14 per American Depository Share (ADS), beating the Zacks Consensus Estimate by 2 cents and 39% above the year-ago earnings of 82 cents. For the full year, Glaxo reported earnings of $3.75 per ADS, well below the...
5Feb2010 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Posts Weak Earnings Results
Canada-based Suncor Energy Inc. (SU) reported weak fourth quarter results, adversely affected by higher expenses and royalty payments as well as less-than-expected production. Earnings per share, excluding certain items, came in at 9 Canadian cents (8 cents), well below the Zacks...
5Feb2010 | vitalstocks | 0 comments | Continued(CME) CME Group Misses Earnings Expectations
CME Group Inc. (CME) reported fourth quarter earnings of $3.37 per share, missing the Zacks Consensus Estimate of $3.44. However Incorporatedluding an impairment charge on investment in DME of $24 million and net favorable impacts to net income of $2 million related to the ERP...
5Feb2010 | vitalstocks | 0 comments | Continued(GME) GameStop Corporation – Bear of the Day
The video game industry, of which GameStop Corp. (GME) is a part, surged ahead for a number of years but is now grappling with the recession. Heavy job losses and reduced access to credit markets have led to lower discretionary spending. This has resulted in lower demand for...
5Feb2010 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences – Bull of the Day
Gilead Sciences (GILD) reported another strong quarter with earnings per share coming in at $0.90, well above the Zacks Consensus Estimate of $0.82 and the year-ago quarter’s earnings of $0.59. For the full year, the company reported a 31% growth in revenues. We remain...
5Feb2010 | vitalstocks | 0 comments | Continued(PKI) PerkinElmer’s Earnings Report Beats Consensus Estimates
PerkinElmer Inc. (PKI) reported fourth quarter (ended Jan 3, 2010) earnings (excluding special items) of 43 cents per share, which was above the Zacks Consensus Estimate by 2 cents. The company had earned 46 cents in the year-ago quarter. For full year 2009, the company earned...
5Feb2010 | vitalstocks | 0 comments | Continued(AIZ) Assurant Earnings Report Falls Below Consensus Estimates
Assurant Inc. (AIZ) fourth quarter earnings of 86 cents per share lagged behind the Zacks Consensus Estimate of $1.01. Results also compared unfavorably with earnings of $1.30 in the year-ago quarter. Earnings were strained by restructuring charges of $12.3 million and a net...
5Feb2010 | vitalstocks | 0 comments | ContinuedU.S. Unemployment Rate Falls to 9.7%
While the number of jobs lost was relatively greater than expected, the overall unemployment rate came down to under 10%. There are other positives in today’s report as well, particularly with respect to revisions, temporary hirings and length of work week. The Labor Department...
5Feb2010 | vitalstocks | 0 comments | Continued(SE) Spectra Energy’s Earnings Report Meets Expectations
Spectra Energy Corporation (SE) reported fourth quarter results of 33 cents per share, in line with the Zacks Consensus Estimate and the year-earlier earnings of 32 cents. The quarterly results showed a sound contribution from the company’s fee-based businesses in an improving...
5Feb2010 | vitalstocks | 0 comments | Continued(NE) Noble Corporation Analyst Coverage Initiated at Neutral
We recently initiated coverage on Noble Corporation (NE) with a Neutral recommendation and a $43 target price. Switzerland-based Noble Corporation is a provider of diversified services for the oil and gas industry. The company performs contract drilling services with a fleet...
5Feb2010 | vitalstocks | 0 comments | Continued