Archive for February, 2010
(ARW) Arrow Electronics Beats Earnings Expectations
Arrow Electronics Inc. (ARW) reported sales of $4.20 billion in the fourth quarter of 2009, up 3% from a year ago and up 15% sequentially. Global components sales of $2.59 billion increased 6% year over year driven by better-than-expected performance in all the core geographies....
5Feb2010 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group’s Earnings In-Line
The Hain Celestial Group, Inc. (HAIN) recently reported second-quarter 2010 results buoyed by strong profit generation at its North American and Continental European operations. The quarterly earnings of 31 cents a share were in line with the Zacks Consensus Estimate, and soared...
5Feb2010 | vitalstocks | 0 comments | Continued(AYE) Allegheny Energy Tops Consensus View
Allegheny Energy (AYE) has beaten the Zacks Consensus EPS estimate of 51 cents by reporting EPS of 66 cents in the fourth quarter of fiscal 2009. The upbeat trend was reflected in fiscal 2009 results as well, where EPS of $2.33 shot past Zacks Consensus EPS estimate of $2.17...
5Feb2010 | vitalstocks | 0 comments | Continued(BK) BNY Mellon Corporation Coverage Initiated at Neutral
Recently, we initiated coverage on BNY Mellon Corp. (BK) with a Neutral recommendation. BNY Mellon’s fourth-quarter earnings of 59 cents per share came in above the Zacks Consensus Estimate of 52 cents. The better-than-expected results were aided mainly by a lower provision...
5Feb2010 | vitalstocks | 0 comments | Continued(ARAY) Accuray Incorporated Disappoints
Accuray Incorporated (ARAY) reported disappointing results for the second quarter of fiscal 2010. Loss per share was 2 cents, higher than the Zacks Consensus Estimate of a loss per share of 1 cent. However, Accuray reported earnings per share of 2 cents in the year-ago quarter. Sales Total...
5Feb2010 | vitalstocks | 0 comments | Continued(AIV) Apartment Investment and Management Company Reports Modest Results
Apartment Investment and Management Company, or Aimco (AIV), as the real estate investment trust (REIT) is popularly known, reported fiscal 2009 fourth quarter funds from operations (FFO) of $30.2 million or $0.26 per share compared to FFO loss of $28.9 million or $0.32 per share...
5Feb2010 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Beats Estimates
Ameriprise Financial Inc.’s (AMP) fourth quarter core operating earnings per share of 91 cents were substantially ahead of the Zacks Consensus Estimate of 75 cents and 80 cents in the prior-year quarter. Core operating results exclude realized net investment gains/losses, non-recurring...
5Feb2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company – Balance Sheet Improving – Sales Were up 22% From Last Year
Ford Motor Co. (F) is pressuring its 52-week high on a bevy of good news that includes a return to profitability in its recent Q4 results and strong January sales data. Company Description Ford Motor Company designs, manufactures and services cars and trucks worldwide. The company...
5Feb2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable to Ramp Up WiMAX Service
Time Warner Cable Inc. (TWC) has decided to speed up its investment in the next-generation (4G) WiMAX venture in 2010. From December 2009, the company has started offering WIMAX services in Dallas, and parts of North Carolina and Hawaii. Under the brand name of “Road Runner...
5Feb2010 | vitalstocks | 0 comments | Continued(SNE) Sony’s Third Quarter Profit Jumps
Sony Corp. (SNE) recently reported fiscal third quarter results. The company recorded earnings of ¥79.2 billion ($861 million), which was sharply higher compared to ¥10.4 billion in the year-ago quarter. The growth was primarily driven by strong Financial Services revenue,...
5Feb2010 | vitalstocks | 0 comments | Continued(KELYA) Employment Report – In Depth
In general, the employment report released this morning was better than expected, but there were many cross-currents. There was a slight disappointment in the establishment survey’s job count, which came in at a loss of 20,000 jobs, as job gains of 15,000 were expected. Also,...
5Feb2010 | vitalstocks | 0 comments | Continued(ORA) Geothermal Energy: The Stars are Aligning for this Super-Green Resource
by David Fessler, Energy and Infrastructure Expert Friday, February 5, 2010: Issue #1191 Geothermal energy isn’t a new concept in the United States. It’s actually been around for some time, with numerous geothermal power plants in California, Nevada and a few other western...
5Feb2010 | InvestmentU | 0 comments | Continued(SRCL) Stericycle Reports Earnings in Line With Forecasts
Stericycle Inc. (SRCL) reported fourth quarter earnings of 55 cents in the third quarter, in line with the Zacks Consensus Estimate and up 22% from 45 cents reported in the fourth quarter of 2008. Quarterly revenue increased 14.4% to $313.5 million, compared to $274.0 million...
5Feb2010 | vitalstocks | 0 comments | ContinuedThe Road Map to Higher Interest Rates: Seven Signs of the End of Free Money
by Louis Basenese, Small Cap and Special Situations Expert Thursday, February 4, 2010: Issue #1190 Looking for an exact date as to when Ben Bernanke and his fellow Fed bankers will raise interest rates? Sorry… I don’t have that for you (I loaned my crystal ball to Miss...
5Feb2010 | InvestmentU | 0 comments | Continued(CNQR) Concur Technologies Reports Strong Results
Concur Technologies Inc (CNQR) reported total revenue for the first quarter of fiscal 2010 of $67.7 million. Total revenue for the quarter was up 16% from the year-ago quarter and up 4% from the prior quarter. Fiscal 2010 first quarter net income was $6.5 million, or 12 cents...
5Feb2010 | vitalstocks | 0 comments | Continued(CINF) Cincinnati Financial Reports One Cent Ahead of Expectations
Cincinnati Financial’s (CINF) fourth quarter net income of 53 cents per share was a penny ahead of the Zacks Consensus Estimate of 52 cents. Results lagged the prior year’s earning of 57 cents. Earnings for the reported quarter dragged due to lower premiums from property-casualty...
5Feb2010 | vitalstocks | 0 comments | Continued(NCR) NCR Corporation Tops Expectations as Revenue Tumbles
NCR Corporation’s (NCR) fourth quarter EPS of 37 cents exceeded the Zacks Consensus Estimate of 26 cents. Revenue NCR reported revenue of $1.35 billion in the fourth quarter, a decrease of 5.0% from $1.42 billion in the year-ago quarter. Year-over-year revenue was impacted...
5Feb2010 | vitalstocks | 0 comments | Continued(MGI) MoneyGram’s Earnings Missed Expectations
MoneyGram International Inc. (MGI) reported a fourth-quarter loss per share of 4 cents, worse than the Zacks Consensus Estimate of a loss of 2 cents. Results included a curtailment gain on the company’s benefit plans ($15.5 million) that was partially offset by other one-time...
5Feb2010 | vitalstocks | 0 comments | Continued(CZZ) Shell and Cosan Strike A Sweet Deal
by Tony Daltorio, Investment U Research Friday, February 5, 2010 With its newly announced partnership with Cosan ADR (NYSE: CZZ), the world’s third largest sugar producer, Royal Dutch Shell (NYSE: RDSA) has taken a bigger step into biofuels than any oil major has ever attempted. The...
5Feb2010 | InvestmentU | 0 comments | Continued(TSN) Tyson Foods Beats Consensus Estimates
Tyson Foods Inc. (TSN) reported results for the first quarter of fiscal 2010 with earnings of 42 cents per share. Earnings were well above the Zacks Consensus Estimate of 18 cents, and were up compared to a net loss of 27 cents per share in the prior-year quarter. Revenue for...
5Feb2010 | vitalstocks | 0 comments | Continued(COST) Costco Wholesale Corporation Sales Climb in January
Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently reported better-than-expected sales for the four-week period ended Jan 31, 2010. Costco’s comparable-store sales for January rose 8%, reflecting a comparable sales growth of 4% at...
5Feb2010 | vitalstocks | 0 comments | Continued(BAX) Baxter International Downgraded to Neutral
We recently downgraded Baxter International Inc. (BAX) to Neutral. The stock was assigned a target price of $59 based on an approximate P/E multiple of 13.9x our fiscal 2010 earnings estimate of $4.25. Baxter recently reported fourth quarter and fiscal 2009 results. For the fourth...
5Feb2010 | vitalstocks | 0 comments | Continued(SPG) Simon Property Group Quarterly Funds From Operations Dips
Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), reported fourth quarter 2009 FFO (funds from operations) of $485.2 million or $1.40 per share, compared to $540.5 million or $1.86 per share in the year-earlier quarter. Funds from operations, a widely...
5Feb2010 | vitalstocks | 0 comments | Continued(BRKB) The Rise of the Rest of The World
When historians look back at the early 21st Century 100 years from now, the biggest event will probably not be the Financial Crisis of late 2008. The biggest story will probably be the rise of the rest of the world. This change in the shape of the world economy will bring enormous...
5Feb2010 | vitalstocks | 0 comments | Continued(MCHP) Microchip Technologies Incorporated Demonstrates Growth
Microchip Technologies Incorporated (MCHP) reported net sales of $250.1 million in the third quarter of fiscal 2010, up approximately 10.3% sequentially and up 30.1% year-over-year. Revenues from all three product lines — Microcontrollers, Analog and Serial EEPROMs —...
5Feb2010 | vitalstocks | 0 comments | Continued(CAM) Cameron International Shows Near-term Outlook Positive
Oil drilling equipment maker Cameron International Corp. (CAM) is scheduled to report its fourth-quarter results on Tuesday, Feb 9, 2010, before the start of trading. The Zacks Consensus Estimate for Cameron’s fourth quarter is 53 cents per share, compared to the 75 cents...
5Feb2010 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom and France Telecom Face UK Probe
The proposed merger of the UK units of European telecom giants Deutsche Telekom (DT) and France Telecom (FTE) in a 50-50 joint venture faces the possibility of an investigation by the Office of Fair Trading (OFT), the UK antitrust watchdog. OFT is of the opinion that the merger...
5Feb2010 | vitalstocks | 0 comments | Continued(DNB) Dun & Bradstreet Reports Quarter In-Line With Estimates
Dun & Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal fourth-quarter earnings before non-core gains and one-time charges of $1.75 per share, in line with the Zacks Consensus Estimate of $1.75 per share. EPS results decreased 6.4% from...
5Feb2010 | vitalstocks | 0 comments | Continued(SNA) Snap-on’s Earnings Report Exceeds Consensus
Snap-on Incorporated (SNA) reported fourth quarter 2009 earnings per share from continuing operations of 63 cents, exceeding the Zacks Consensus Estimate of 55 cents. Sales of $618.1 million in the quarter were up $36.3 million, or 6.2%, sequentially from third-quarter 2009 levels....
5Feb2010 | vitalstocks | 0 comments | Continued(DT) Is Deutsche Telekom Unit T-Mobile USA for Sale
German telecom giant Deutsche Telekom (DT) is mulling over spinning off its U.S. arm, T-Mobile USA. Alternatively, the German operator may launch an initial public offering (IPO) for the US wireless unit, according to a Wall Street Journal report. Deutsche Telekom has negotiated...
5Feb2010 | vitalstocks | 0 comments | Continued