Archive for February, 2010
(WMT) Notes on Unemployment Duration
One of the most notable features of the Great Recession relative to that of all previous recessions is that in this one, once you lose your job, it has been incredibly difficult to find a new one. As a result, people have been pounding the pavement looking for work for periods...
5Feb2010 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group Sales – Guidance Higher
International telecom titan Vodafone Group Plc (VOD) has announced key performance indicators for the third quarter of fiscal 2010. In its interim management statement for the quarter, the world’s largest wireless carrier by sales reported consolidated revenues of £11.5 billion...
5Feb2010 | vitalstocks | 0 comments | Continued(TSO) Tesoro Posts Steep Loss on Declining Refining Margins
Tesoro Corporation’s (TSO) fourth-quarter 2009 results came in weaker than expected, pulled down by depressed refining margins and lower throughput on the back of weak fuel demand and high inventories. The situation was further aggravated by higher costs and expenses. Loss...
4Feb2010 | vitalstocks | 0 comments | Continued(ETR) Entergy Corporation Beats The Street Consensus
Entergy Corporation (ETR) reported strong earnings per share (EPS) of $1.75 in the fourth quarter of fiscal 2009, soundly beating both the Zacks Consensus Estimate of $1.64 and the year-ago quarterly EPS of 99 cents. The upside came from lower taxes and lower operational costs. Of...
4Feb2010 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Payroll Survey Sees Jobs Drop 22,000
The nation’s largest payroll processor, Automatic Data Processing (ADP) reported today that the country lost 22,000 private sector jobs in January. That is slightly better than the consensus expectation of a 30,000 job drop. This is the most important preview of the big “official”...
4Feb2010 | vitalstocks | 0 comments | Continued(MYGN) Myriad Surpasses Consensus Estimates
Myriad Genetics Inc. (MYGN) reported second quarter fiscal 2010 earnings of 36 cents per share, two cents above the Zacks Consensus Estimate. The company had earned 22 cents in the year-ago period. The year-ago earnings were inclusive of a loss of $15.6 million from discontinued...
4Feb2010 | vitalstocks | 0 comments | Continued(SI) Siemens AG Reports Earnings That Exceed Estimates
Siemens AG (SI) reported first quarter of 2010 earnings per share from continuing operations of €1.70 ($2.51), exceeding the Zacks Consensus Estimate of $1.44. First-quarter revenue of €17.352 billion ($25.6 billion) was down 12% (8% organic) compared to the prior-year period,...
4Feb2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Reports Results Meeting Estimates
Massey Energy Co. (MEE) ? the largest coal company in Central Appalachia, Virginia – announced fourth-quarter earnings of 28 cents per share, in line with the Zacks Consensus Estimate. In fiscal 2009, the company felt the impact of falling energy demand precipitated by a weak...
4Feb2010 | vitalstocks | 0 comments | Continued(MET) MetLife’s Earnings Report Beats by a Penny
MetLife Inc.’s (MET) fourth quarter adjusted operating earnings (excluding after-tax net investment gains and losses) came in at $793 million or 96 cents, compared to $132 million or 17 cents in the year-ago quarter. Results were only a penny ahead of the Zacks Consensus Estimate...
4Feb2010 | vitalstocks | 0 comments | Continued(FISV) Fiserv Reports Earnings In-line
Fiserv Inc. (FISV) reported revenues of $1.06 billion in the fourth quarter of 2009, up 1.9% from a year ago. Fiserv assists financial institutions and health plan administrators in managing their information systems so that they can efficiently deliver services to their customers. The...
4Feb2010 | vitalstocks | 0 comments | Continued(HMC) Honda Motor’s Profits Jump to $1.5 Billion
Honda Motor Co. (HMC) has posted a profit of ¥134.6 billion ($1.5 billion) for the third quarter of its fiscal ended December 31, 2009, a huge increase of 565.1% from the same period in 2008. This was equivalent to earnings per share of ¥74.19 (81 cents), an increase of ¥63.03...
4Feb2010 | vitalstocks | 0 comments | Continued(PXD) Pioneer Natural Resources Company Easily Beats Expectations
Pioneer Natural Resources Company (PXD) reported its fourth quarter results of 18 cents per share, easily beating the Zacks Consensus Estimate of 5 cents and the year-earlier quarter loss of 15 cents. Including one-time items, earnings were 48 cents per share. Pioneer’s quarterly...
4Feb2010 | vitalstocks | 0 comments | Continued(NOV) National-Oilwell Varco’s Profit Slips – Still Beats View
Oilfield service company National-Oilwell Varco (NOV) reported better-than-expected fourth quarter results, helped by robust performance from its Rig Technology segment. Earnings per share, excluding transaction and restructuring charges, came in at 96 cents, well above the Zacks...
4Feb2010 | vitalstocks | 0 comments | Continued(ADP) ISM Services Index Slightly Positive
The ISM non-manufacturing, or Services, survey improved to 50.5 in January from 49.8 in December. This was slightly lower than the consensus expectations for a reading of 51.0. Once again, the ISM data is showing that the Service side of the economy is much weaker than the Manufacturing...
4Feb2010 | vitalstocks | 0 comments | Continued(JDSU) JDS Uniphase Beats Estimates and Raises
Yesterday, after market close, JDS Uniphase Corp. (JDSU) declared its second quarter fiscal 2010 financial results. Quarterly net revenue was $342.9 million, down 3% year-over-year. Increase in revenue for both Communications Test & Measurement and Advanced Optical Technologies...
4Feb2010 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Tops Consensus Estimates
ACE Limited’s (ACE) fourth quarter earnings of $2.01 per share were well ahead of the Zacks Consensus Estimate of $1.93. The company posted earnings of $1.86 a share a year earlier. Results were primarily driven by an increase in premiums earned. Including net realized gains...
4Feb2010 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Outperforms Consensus – Outlook Flat
Comcast Corp. (CMCSA) reported better-than-expected fourth quarter 2009 financial results. Quarterly GAAP net income was $955 million or 33 cents per share, compared to just $412 million or 14 cents per share in the prior-year quarter. However, in the fourth quarter of 2009,...
4Feb2010 | vitalstocks | 0 comments | Continued(EMS) Emergency Medical Services Corporation Upgraded
Emergency Medical Services Corp. (EMS) reports fourth-quarter and 2009 results on Feb 11, with the current Zacks Consensus Estimate for the quarter and full year at 63 cents and $2.51 per share, respectively. With respect to recent estimate revisions, one of the 10 analysts covering...
4Feb2010 | vitalstocks | 0 comments | Continued(PX) Praxair Builds into China
Praxair China, Chinese arm of Praxair, Inc. (PX) signed a contract with Tangshan Railway Vehicle Co., Ltd., a subsidiary of China Northern Locomotive & Rolling Stock Industry Group (CNR), to supply welding gases used in the production of its newest high-speed train, with...
4Feb2010 | vitalstocks | 0 comments | Continued(RL) Ralph Lauren Corporation Beats Expectations – Issues Warning
Polo Ralph Lauren Corp. (RL) reported results for the third quarter of fiscal 2010 with earnings of $1.10 per share. Earnings were ahead the Zacks Consensus Estimate of $1.00 and were up 4.8% year-over-year. The better-than-expected performance was primarily driven by higher...
4Feb2010 | vitalstocks | 0 comments | Continued(CSCO) Cisco Blows Past Analyst Forecasts
Cisco Systems, Inc. (CSCO) kept the recent string of positive earnings surprises from big technology companies alive with better-than-expected Q2 results today after the bell. Sales for the three months ending January 23 were up 8% from last year to $9.8 billion. Earnings also...
4Feb2010 | vitalstocks | 0 comments | Continued(TSRA) Tessera Technologies Down on Price Incentives
Tessera Technologies, Inc. (TSRA) reported fourth quarter earnings that beat consensus estimates by 4 cents. Revenue Revenue of $56.5 million was down 14.6% sequentially and 18.3% year over year, missing management’s original expectations of $60-62 million (down 6-9% sequentially)...
4Feb2010 | vitalstocks | 0 comments | Continued(FORM) Formfactor’s Losses Grow Larger
Formfactor, Inc.’s (FORM) fourth quarter earnings beat the Zacks Consensus estimate by $0.03. The share price was down 6.2%, as revenue was way below expectations. Revenue Revenue of $33.0 million was down 24.6% sequentially and 17.3% year over year, much weaker than the 10%...
4Feb2010 | vitalstocks | 0 comments | Continued(R) Ryder System Lags on Low Revenues
Ryder System Inc. (R) fourth quarter earnings per share of 41 cents was short of the Zacks Consensus Estimate of 46 cents. Last year, the company reported earnings of $1.10 per share. The decline was driven by decreased global results in full service lease, higher pension expense,...
4Feb2010 | vitalstocks | 0 comments | Continued(IP) International Paper’s Earnings Beat by 1 Cent
International Paper Co. (IP) reported fourth-quarter EPS of 24 cents, slightly above the Zacks Consensus Estimate of 23 cents and up 14% from EPS of 21 cents reported in the prior-year quarter. Earnings growth in the quarter was primarily a result of the company’s overhead...
4Feb2010 | vitalstocks | 0 comments | ContinuedNews Corporation Tops Consensus Estimates
Today, News Corporation (NWS) reported better-than-expected second-quarter 2010 results on the heels of an improved advertising environment, and significant cost-cutting initiatives taken by management to combat the downturn. The quarterly earnings of 25 cents a share outdid...
4Feb2010 | vitalstocks | 0 comments | Continued(HUBB) Hubbell Incorporated Beats Estimates – 2010 Looks Murky
Hubbell Inc.’s (HUBB) fourth quarter earnings beat the Zacks Consensus by $0.10. Total Revenue Revenue for the period was $591.9 million, flat sequentially (down 0.3%) and down 9.2% year over year. Core revenue excluding the contribution from acquisitions and negative currency...
4Feb2010 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Surpasses Analyst Estimates
Thermo Fisher Scientific, Inc. (TMO) reported fourth quarter and full fiscal 2009 results. For the fourth quarter, earnings per share were 91 cents, surpassing the Zacks Consensus Estimate of 88 cents and the year-ago earnings of 87 cents. For fiscal 2009, earnings per share...
4Feb2010 | vitalstocks | 0 comments | Continued(TEL) Tyco Electronics Limited – Beat Expectations by 20.51% in the First Quarter
Tyco Electronics, Ltd. (TEL) recently surprised on estimates for the 4th quarter in a row as customers replenish inventories around the world. Tyco is trading with a PEG ratio of just 0.96. Company Description Tyco Electronics is a Swiss-based manufacturer of about 500,000 engineered...
4Feb2010 | vitalstocks | 0 comments | Continued(EMS) Emergency Medical Services – Bull of the Day
Emergency Medical Services’ (EMS) third quarter earnings per share came in at $0.66, surpassing the Zacks Consensus Estimate of $0.60 but flat with the year-ago period. The company has performed well in both its segments, AMR and EmCare. We expect the growth momentum to...
4Feb2010 | vitalstocks | 0 comments | Continued