Archive for February, 2010
(BOKF) BOK Financial Corporation Misses Estimates
BOK Financial Corporation’s (BOKF) fourth quarter earnings of 63 cents per share were 3 cents below the Zacks Consensus Estimate of 66 cents. The company had earned 52 cents in the year-ago period. Results reflected a lower-than-expected increase in revenue and higher expenses...
1Feb2010 | vitalstocks | 0 comments | Continued(NI) NiSource’s Report Slumps Below Forecast
NiSource Inc. (NI) reported operating earnings of 35 cents per share, a penny below the Zacks Consensus Estimate of 36 cents and down 24% from 46 cents reported last year. Earnings for full year 2009 declined 16% year over year to $1.07 compared to the Zacks Consensus Estimate...
1Feb2010 | vitalstocks | 0 comments | Continued(VPRT) Vistaprint Tops Wall Street View
Vistaprint N.V.’s (VPRT) second quarter (ending December 31) earnings for fiscal year 2010 came in at 59 cents per share. The company had earned 42 cents in the year-ago quarter. Excluding share-based compensation expense and its related tax impact, the company would have earned...
1Feb2010 | vitalstocks | 0 comments | Continued(UCBI) United Community Banks Misses Earnings
United Community Banks Inc. (UCBI) reported fourth quarter results on Friday. The company posted a net operating loss of $39.8 million, or 45 cents per share, compared to net operating loss of $46.7 million, or 99 cents per share in the year-ago quarter. The result came in worse...
1Feb2010 | vitalstocks | 0 comments | Continued(ICE) Intercontinental Exchange Initiated as Neutral
We have recently initiated coverage on Intercontinental Exchange Inc. (ICE) with a Neutral recommendation. The company’s third quarter earnings per share of $1.18 modestly surpassed the Zacks Consensus Estimate of $1.04. Results benefited from position limitations on speculators,...
1Feb2010 | vitalstocks | 0 comments | Continued(CP) Canadian Pacific Railway Ltd Surpasses
Canadian Pacific Railway Ltd.’s (CP) fourth-quarter earnings came in at 94 Canadian cents per share, substantially ahead of the Zacks Consensus Estimate of 83 Canadian cents per share. Strong operating performance and continued focus on cost management drove the result. Total...
1Feb2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Misses Expectations – Profits Fall
Arch Coal Inc. (ACI) posted a net income of 11 cents per share for the fourth quarter of 2009, below the Zacks Consensus Estimate of 16 cents and the reported net income of 44 cents per share during the same period last year. For the full year 2009, the company reported earnings...
1Feb2010 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Reports In Line
Enbridge Energy Partners L.P. (EEP) reported its fourth quarter 2009 earnings of 64 cents per unit, in line with the Zacks Consensus Estimate and the year-earlier earnings of 67 cents. Total revenues for the quarter decreased more than 12% year over year to $1.63 billion. Enbridge...
1Feb2010 | vitalstocks | 0 comments | Continued(GCI) Gannett Tops Earnings Consensus
Gannett Co. Inc. (GCI), the publisher of the nation’s largest-selling daily newspaper USA Today, recently reported better-than-expected fourth-quarter 2009 results buoyed by effective cost-cutting measures and lower newsprint expense. Operating expenses dropped 16.2%. The quarterly...
1Feb2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Expands Chinese Facility
Last week, Eastman Kodak Company (EK) announced plans to open the second production line for its Xiamen printing plate manufacturing facility in China and the Asia-Pacific region. The expanded, state-of-the-art facility in China’s southeastern city will enhance Kodak’s manufacturing...
1Feb2010 | vitalstocks | 0 comments | Continued(SYY) Sysco Reports Modest Earnings Results
Sysco Corp. (SYY) reported modest results for the second quarter of fiscal 2010 with earnings of 45 cents per share. Earnings were 3 cents above the Zacks Consensus Estimate of 42 cents and were up 12.5% year-over-year. Sales for the second quarter declined 3.1% year-over-year...
1Feb2010 | vitalstocks | 0 comments | Continued(TGT) Target Corporation Initiated at Neutral
We have recently initiated coverage on Target Corporation (TGT) with a Neutral recommendation and a target price of $53.00, as we anticipate it to perform in line with the industry. Target’s strategic initiatives should help drive comparable-store sales and operating margins...
1Feb2010 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline’s Tykerb Received Accelerated Approval From The U.S. Food and Drug Administration
GlaxoSmithKline (GSK) recently announced that it has received accelerated approval from the U.S. Food and Drug Administration (FDA) for the use of Tykerb (lapatinib) as a first-line treatment for women with metastatic breast cancer in a new combination regimen. With this approval,...
1Feb2010 | vitalstocks | 0 comments | Continued(WDR) Waddell & Reed Financial Beats Expectations by a Penny
Waddell & Reed Financial, Inc.’s (WDR) fourth-quarter earnings of 39 cents per share were only a penny ahead of the Zacks Consensus Estimate. This compares favorably with a one-cent loss in the prior-year quarter. Results for the prior-year quarter included $18.2 million...
1Feb2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Holdings Earns New Agreement
American Medical Systems Holdings, Inc. (AMMD) recently entered into a new agreement with Tissue Genesis, Inc., an emerging leader in advanced tissue engineering and cell therapy solutions, for the research and development of adipose (fat) derived regenerative cells for use in...
1Feb2010 | vitalstocks | 0 comments | Continued(CMS) CMS Energy Raises Dividend by 20%
CMS Energy (CMS) has raised the quarterly dividend on its common stock by 20% to 15 cents per share, up from 12.5 cents per share. This action has increased the annualized dividend from 50 cents to 60 cents. The first incremental quarterly dividend for the common stock is payable...
1Feb2010 | vitalstocks | 0 comments | Continued(KLAC) KLA-Tencor Corporation Sees Stronger Semi Markets
KLA-Tencor Corporation’s (KLAC) second quarter earnings beat the Zacks Consensus by a penny. With the broad turnaround in the semiconductor capital equipment market underway, both Applied Materials (AMAT) and Lam Research (LRCX) are also expected to report strong results. Revenue Revenue...
1Feb2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Wins Navy Contract
General Dynamics Corporation’s (GD) wholly owned subsidiary General Dynamics Electric Boat has won a $23.7 million contract modification from the U.S. Navy to prepare for the post-shakedown availability (PSA) on the nuclear submarine New Hampshire (SSN-778). Work on the contract...
1Feb2010 | vitalstocks | 0 comments | Continued(VOD) Indian 3G Spectrum Auction Postponed Again
More bad news for telecom operators and 3G hopefuls in India as the country’s much-delayed 3G spectrum (radio airwaves) auction has been postponed again and is not likely to commence until August-September 2010. This represents the fourth postponement over the last year. The...
1Feb2010 | vitalstocks | 0 comments | Continued(LZB) Institute for Supply Management Manufacturing Index Soars
The Institute for Supply Management’s survey of the Manufacturing sector of the economy rose by 3.5 points to 58.4 in January from 54.9 in December. That far exceeded consensus expectations for an increase to 55.5. It is also the highest reading on the consensus index since...
1Feb2010 | vitalstocks | 0 comments | Continued(MDRX) Medical Devices Stock Review – Feburary 2010 – Industry Outlook
The global medical devices industry is fairly large, with annual worldwide sales in excess of $200 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different categories such as Cardiology, Oncology, Neuro, Orthopedic, Aesthetic Devices,...
1Feb2010 | vitalstocks | 0 comments | Continued(BHP) Thermal Coal Investments: China Fires Up a New Age for This Commodity
by Tony Daltorio, Investment U Research Monday, February 1, 2010 The price of thermal coal recently broke through the psychological $100 barrier for the first time in more than a year, just as a wave of brutally cold weather and heavy snow hit China. That storm disrupted mining...
1Feb2010 | InvestmentU | 0 comments | Continued(HUM) Humana Incorporated Reports In-Line Quarter
Humana Inc. (HUM) reported fourth quarter and full-year results for fiscal 2009. Quarterly Results Humana reported fourth-quarter earnings of $1.48 per share, in line with the Zacks Consensus Estimate. The company earned $1.03 per share for the year-ago quarter. Results were...
1Feb2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Underperforms Expectations
Wilmington Trust Corporation (WL) reported a fourth quarter loss available to common shareholders of $15.7 million or 23 cents per share compared to a loss of $69.4 million or $1.02 per share in the year-ago quarter. The results lagged behind the Zacks Consensus Estimate of a...
1Feb2010 | vitalstocks | 0 comments | Continued(LFL) LAN Airlines S.A.’s Cost Controls Boost Earnings
Recently, LAN Airlines S.A. (LFL), one of Latin America’s leading passenger and cargo airlines reported results for the fourth quarter and full year 2009. During the quarter, Lan reported a net income of $109.8 million, down 17.6% from the year-ago quarter. EPS was $0.32...
1Feb2010 | vitalstocks | 0 comments | Continued(ABAX) Abaxis Thurd Quarter 2010 Report Misses Estimates
Abaxis, Inc. (ABAX) reported third quarter fiscal 2010 earnings per share of 15 cents, missing the Zacks Consensus Estimate of 17 cents. However, earnings in the year-ago quarter were 15 cents. Sales Total revenues in the third quarter increased 15% year over year to $31.0 million,...
1Feb2010 | vitalstocks | 0 comments | Continued(HP) Helmerich & Payne Beats Consensus Estimates
Contract drilling services provider Helmerich & Payne, Inc. (HP) reported solid results for the first fiscal quarter of 2010 (ending December 31, 2009), buoyed by improving rig counts on the back of rebounding commodity prices. Earnings per share, excluding gains from non-operating...
1Feb2010 | vitalstocks | 0 comments | Continued(CEO) Cnooc Limited – Production Increasing
Cnooc Limited (CEO) continues to develop the South China sea, driving projections higher. Analysts are expecting earnings to grow at a break-neck pace. Production Increasing On Oct 29 the Cnooc reported quarterly results that showed an 18% increase in daily production to almost...
1Feb2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Corporation Beats Expectations but Net Sinks
ExxonMobil Corporation (XOM) reported fourth quarter 2009 earnings of $1.27 per share, compared to the Zacks Consensus Estimate of $1.20 and year-earlier earnings of $1.54. Earnings at XOM, though better than expected, were significantly lower than the year-earlier numbers due...
1Feb2010 | vitalstocks | 0 comments | Continued(HP) Helmerich & Payne – Bull of the Day
Helmerich & Payne (HP) is a leading drilling contractor with activities in the U.S. and overseas. The company, with its young, efficient drilling fleet, has been able to snag market share and maintain a relatively higher utilization due to stronger drilling demand and longer...
1Feb2010 | vitalstocks | 0 comments | Continued