Archive for February, 2010
(AVB) AvalonBay Communities’ Quarterly Funds From Operations Rises
AvalonBay Communities Inc. (AVB), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $52.7 million or 64 cents per share, compared to $23.0 million or 30 cents in the year-earlier quarter. Fund from operations, a...
4Feb2010 | vitalstocks | 0 comments | Continued(EQR) Equity Residential REIT Sees Growth
Equity Residential (EQR), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $126.9 million or 43 cents per share, compared to $79.1 million or 27 cents per share in the year-earlier quarter. Fund from operations,...
4Feb2010 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Beats Consensus Estimates
CB Richard Ellis Group Inc. (CBG) reported fourth quarter earnings of 21 cents per share after the closing bell on Wednesday. Excluding one-time charges, the company earned 28 cents per share, which surpassed the Zacks Consensus Estimate of 18 cents. The company had earned 37...
4Feb2010 | vitalstocks | 0 comments | Continued(WU) Western Union Reports In-Line – Profits Drop
Western Union Co.’s (WU) fourth quarter earnings came in at 32 cents per share, in-line with the Zacks Consensus Estimate. However, the company continued to experience a challenging economic environment. Earnings have decreased from the prior-year quarter when the company had...
4Feb2010 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific to Acquire Finnzymes
Thermo Fisher Scientific Inc. (TMO) has recently signed an agreement to acquire Finnzymes, a provider of integrated tools for molecular biology analysis Incorporatedluding reagents, instruments, consumables and kits. Financial terms of the agreement have not been disclosed. Thermo...
4Feb2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell PLC Disappoints The Street – Freezes Dividend
Energy major Royal Dutch Shell PLC’s (RDSA) fourth-quarter earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at 91 cents, which fell quite some distance short of the year-ago result at $1.27 and also...
4Feb2010 | vitalstocks | 0 comments | Continued(MWW) Monster Worldwide Reports In-line Numbers
Monster Worldwide, Inc. (MWW) reported revenues of $213 million in the fourth quarter, down 27% year over year. Total revenues were positively impacted by approximately $8 million due to movement in foreign exchange rates. The company generated 42% of its revenues outside the...
4Feb2010 | vitalstocks | 0 comments | Continued(BDK) Black & Decker Corporation Outperforms Expectations
Black & Decker Corporation (BDK) reported fourth-quarter earnings of 55 cents per share compared to 72 cents in the fourth quarter of 2008. The reported quarter earnings include $58.8 million of pre-tax expenses related to the proposed merger with The Stanley Works (SWK),...
4Feb2010 | vitalstocks | 0 comments | Continued(ARRS) Arris Group Upgraded to Outperform
We upgrade our recommendation for Arris Group Inc. (ARRS) to Outperform ahead of its fourth quarter 2009 financial results. Arris has established a strong presence in the rapidly growing cable modem, cable modem termination systems, and embedded multimedia terminal adapter markets. Recently,...
4Feb2010 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank AG Turns Profit
Deutsche Bank AG (DB) reported a fourth quarter net income of €1.3 billion ($1.9 billion) or €2.00 a share, compared to a net loss of €4.8 billion or €8.71 per share a year earlier. Results were primarily driven by a tax benefit. Additionally, the company experienced...
4Feb2010 | vitalstocks | 0 comments | Continued(NVLS) Novellus Beats The Street – Guidance Modest
Novellus Systems’ (NVLS) third quarter earnings beat the Zacks Consensus Estimate by $0.06. Revenue beat by 3.0%. Revenue Revenue of $244.2 million was up 38.1% sequentially, 29.6% year over year and within the guided range. This reflects continued demand from foundries and...
4Feb2010 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Lags Estimates – Sales Down
Walter Energy Inc.’s (WLT) fourth-quarter earnings of 54 cents per share was below the Zacks Consensus Estimate of 59 cents and the year-ago profit of $4.37 due to lower revenues and operating income. For the full year 2009, the company reported earnings of $2.55 per share,...
4Feb2010 | vitalstocks | 0 comments | Continued(CLX) The Clorox Company Beats Expectations – Raises Guidance
The Clorox Co. (CLX) recorded 28% growth in fiscal second-quarter earnings to $110 million from $86 million in the year-ago quarter. Earnings per share came in at 77 cents, which topped the Zacks Consensus Estimate by 2 cents. Net sales for the quarter rose by 5.2% to $1.3 billion...
4Feb2010 | vitalstocks | 0 comments | Continued(CI) CIGNA Corporation Outperforms Expectations – Reaffirms
CIGNA Corporation’s (CI) fourth quarter operating earnings of $1.03 per share were ahead of the Zacks Consensus Estimate of 96 cents. The company had earned 48 cents a share in the year-ago period. The results reflect the improvements in the equity market that aided in its...
4Feb2010 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Expanding Globally
Jacobs Engineering Group Inc. (JEC) has received a 2.5 year contract from LyondellBasell to provide engineering services in support of plant changes and small project works at two of its manufacturing sites in The Netherlands. Those manufacturing sites include advanced polyolefins...
4Feb2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Earnings Estimates Rising
The earnings performance for International Business Machine Corp. (IBM) has been quite stellar in recent quarters and has consistently surpassed the Zacks Consensus Estimate. IBM posted impressive numbers last quarter with better-than-expected revenue, margins and profitability. IBM...
4Feb2010 | vitalstocks | 0 comments | Continued(VMC) Vulcan Materials – Bear of the Day
Despite being the largest producer of construction aggregates and a leading producer of other construction materials, Vulcan Materials (VMC) faces a challenging environment in the construction industry. The economic crisis, leading to a significant reduction in new home construction,...
4Feb2010 | vitalstocks | 0 comments | Continued(GLW) Corning Incorporated – Bullish Estimates and Strong Momentum
Corning Incorporated (GLW) just declared a quarterly dividend of 5 cents per share. The company offers an industry-leading dividend yield of 1%. In late January, the company posted fourth-quarter earnings of 44 cents per share, surging past last year’s 13 cents and exceeding...
4Feb2010 | vitalstocks | 0 comments | Continued(CELL) Brightpoint Report Beats Consensus Estimates
Yesterday, after market close, Brightpoint Inc. (CELL) declared solid financial results for the fourth quarter of 2009. Quarterly GAAP net income was $19.3 million or 24 cents per share compared to a net loss of $343.4 million or $4.35 per share in the prior-year quarter. Adjusted...
4Feb2010 | vitalstocks | 0 comments | Continued(KFY) Korn/Ferry International Incorporated – Earnings Estimates Are Rising
Korn/Ferry International, Inc. (KFY) recently rebounded from a key trend line that has been supporting prices for most of the last 10 months to move back within striking distance of the 52-week high at$18 Company Description Korn/Ferry International operates as an executive recruitment...
4Feb2010 | vitalstocks | 0 comments | Continued($CSCO) Cisco Second Quarter 2010 Results Trending Up
Cisco Systems’ (CSCO) second quarter 2010 earnings beat the Zacks Consensus by 10 cents. Revenue beat by 4.6%. Estimate revisions have been minimal over the last two months. Of the 35 analysts covering the stock, just two have made upward revisions and one a downward revision....
4Feb2010 | vitalstocks | 0 comments | Continued(EFX) Equifax Exceeds Expectation
Equifax’s (EFX) fourth quarter 2009 EPS of 61 cents exceeded the Zacks Consensus Estimate by 5 cents. Revenue Revenue for the quarter was $464.3 million, up 4.0% from $446.6 million reported in the year-ago quarter. Approximately 3.0% of the increase was due to the unfavorable...
4Feb2010 | vitalstocks | 0 comments | Continued(AVP) Avon Products Reports Modest Results
Avon Products Inc. (AVP) reported fourth-quarter results with earnings of 62 cents per share. Earnings were below the Zacks Consensus Estimate of 68 cents but up 14.8% from 54 cents reported in the prior-year period. Total revenue increased 13.4% year over year to $3.1 billion,...
4Feb2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels and Resorts Worldwide Beats The Street – Lifts Outlook
Starwood Hotels and Resorts Worldwide Inc. (HOT) has reported fourth quarter loss from continuing operations of $186 million or $1.03 per share. The company incurred a loss of $45 million or -25 cents per share from continuing operations a year earlier. However, excluding special...
4Feb2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty’s Revenue Rises
Kimco Realty Corp. (KIM) reported a 7.5% increase in fourth quarter revenues from rental properties. Revenues for the reported quarter increased to $211.8 million from $196.99 million in the year-ago quarter. For full year 2009, revenues from rental properties climbed to $786.89...
4Feb2010 | vitalstocks | 0 comments | Continued(DO) Diamond Offshore Drilling Misses Earnings Consensus Badly
Diamond Offshore Drilling Inc. (DO) reported significantly weaker-than-expected fourth quarter 2009 results due to a severe contraction in utilization rate for jackups and high specification floaters. This was further aggravated by an increased income tax expense. Quarterly earnings...
4Feb2010 | vitalstocks | 0 comments | Continued(SNPS) Synopsys Incorporated Aquires VaST Systems
Leading electronic design automation (EDA) company Synopsys Inc. (SNPS) recently closed the acquisition of VaST Systems Technology Corporation. This acquisition is expected to augment the company’s virtual prototyping solutions portfolio and cater to the automotive and consumer...
4Feb2010 | vitalstocks | 0 comments | Continued(SLE) Sara Lee’s Earnings Beat Expectations
Sara Lee Corp. (SLE) reported strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower...
4Feb2010 | vitalstocks | 0 comments | Continued(AFL) Aflac Incorporated Surpasses Expectations – Raises Outlook
Aflac Incorporated’s (AFL) fourth quarter earnings of $1.18 cents per share were ahead of the Zacks Consensus Estimate of $1.16. This compared favorably with earnings of 98 cents in the year-ago quarter. Earnings in the reported quarter excluded after-tax realized investment...
4Feb2010 | vitalstocks | 0 comments | Continued(ITT) ITT Corporation Report Tops Estimates
ITT Corporation (ITT) reported fourth quarter 2009 earnings from continuing operations of 97 cents per share, exceeding the Zacks Consensus Estimate of 93 cents. The company reported revenue of $2.9 billion for the quarter. Segment Information ITT Defense & Information Solutions...
4Feb2010 | vitalstocks | 0 comments | Continued