Archive for February, 2010
(PAY) VeriFone Holdings Wins Sberbank Order
VeriFone Holdings Inc. (PAY) announced that the company received a multimillion-dollar order for its payment solutions by Sberbank, Russia’s largest bank. Sberbank, which ultimately intends to distribute approximately 130,000 payment solutions among merchants, has selected...
25Feb2010 | vitalstocks | 0 comments | Continued($GOOG) Financial Times is Ga-Ga Over Google
I was stuck this morning at the car dealership while they were working on my car but at least I got to read the Financial Times from cover to cover. I like to know what they are thinking on the other side of the pond. I found no less than 13 different articles or editorials...
25Feb2010 | Shawn | 0 comments | Continued(TQNT) TriQuint Semiconductor Tops Earnings Expectations
TriQuint Semiconductor Inc. (TQNT) reported revenues of $193.3 million in the fourth quarter of 2009, up 12% sequentially and up 30% year-over-year. Revenues grew from all end markets. In particular, Mobile Devices grew 55% year over year and 15% sequentially. Defense & Aerospace...
25Feb2010 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom Hit by Impairment Charges
German telecom behemoth Deutsche Telekom (DT) has announced fourth-quarter results with adjusted (excluding impairment charges) earnings per ADS of 31 cents missing the Zacks Consensus Estimate of 33 cents. Adjusted net profit of €905 million (US$1.3 billion) represents a 5%...
25Feb2010 | vitalstocks | 0 comments | Continued(COF) Initial Claims for Unemployment Shows More Bad News
The Initial Claims for Unemployment Insurance report was decidedly weak, with claims rising to 496,000, an increase of 22,000. The 4-week moving average rose by 6,000 to 473,750. The weekly numbers can be very volatile, so in general it is better to watch the 4-week average...
25Feb2010 | vitalstocks | 0 comments | Continued($MYL) Mylan Beats Earnings Expectations – Outlook Robust
Mylan (MYL) reported fourth quarter earnings per share (EPS) of 33 cents, surpassing the Zacks Consensus Estimate of 30 cents and 26 cents in the prior-year period. For the full year 2009, EPS came in at $1.30, up 62.5% from 80 cents in 2008. Mylan reported revenues of $1.35...
25Feb2010 | vitalstocks | 0 comments | Continued(OMAB) Grupo Aeroportuario del Centro Norte Reports In-line Earnings Results
Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) reported in-line results for the fourth quarter and full year 2009. During the quarter, total revenues were MXN$483 million, a reduction of 0.8% year over year. Aeronautical revenues per passenger...
25Feb2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Pipeline Bigger than Earnings
Human Genome Sciences, Inc. (HGSI) is expected to report fourth quarter as well as fiscal 2009 results shortly. We expect that the company will report a loss of 10 cents per share for the fourth quarter of 2009 and 4 cents for fiscal 2009. However, we believe that the earnings...
25Feb2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Merge Healthcare Sets Up to Aquire AMICAS Incorporated
Merge Healthcare Inc. (MRGE) recently arranged funds for financing its proposed acquisition of AMICAS, Inc. (AMCS) by signing an agreement with a division of Morgan Stanley (MS). Per the agreement, Morgan Stanley has decided to offer $200 million of bridge financing to Merge...
25Feb2010 | vitalstocks | 0 comments | Continued(ISRG) Wireless Medicine: The Most Important Healthcare Revolution for the Next 20 Years
by Louis Basenese, Small Cap and Special Situations Expert Thursday, February 25, 2010: Issue #1204 I’m always on the hunt for the next trillion-dollar mega trends – and the companies that will benefit the most from them. And as American Idol judge Randy Jackson likes to...
25Feb2010 | InvestmentU | 0 comments | Continued(ESRX) Express Scripts Tops Expectations and Guides Up
Express Scripts Inc. (ESRX) announced better-than-expected results with fourth-quarter earnings of 97 cents per share, 7 cents above the Zacks Consensus Estimate. Earnings increased 14.1% from the year-ago period. Full year earnings were $3.58 per share, 12 cents above the Zacks...
25Feb2010 | vitalstocks | 0 comments | Continued(MET) MetLife Seeks $5 Billion Loan for American International Group Unit
On Feb 23, 2010, Bloomberg reported that MetLife Inc. (MET) is looking for a $5 billion loan in order to complete the long pending acquisition of American International Group Inc.’s (AIG) American Life Insurance Co. (ALICO) unit. For this, MetLife has already solicited some...
25Feb2010 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls’ Credit Outlook Upgraded Standard & Poor’s Ratings Services
Standard & Poor’s (S&P) Ratings Services has upgraded its outlook on Wisconsin-based manufacturer of automotive interiors, batteries and other control equipment auto parts and building systems, Johnson Controls Inc. (JCI) to “positive” from “stable.”...
24Feb2010 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial – Bull of the Day
We are upgrading our recommendation on Ameriprise Financial (AMP) to Outperform from Neutral. The company’s fourth quarter earnings came in substantially ahead of the Zacks Consensus Estimate, aided by strong top-line growth and expense management. The company continues...
24Feb2010 | vitalstocks | 0 comments | Continued(TTEK) Tetra Tech Incorporated – Bear of the Day
We are downgrading our recommendation on Tetra Tech, Inc. (TTEK) from Neutral to Underperform with a $19 target price. The company believes that back-end construction management services will weaken in the second quarter and remain soft in the remainder of FY2010, driven primarily...
24Feb2010 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Underperforms Expectations
Yesterday, after market close, j2 Global Communications, Inc. (JCOM) reported financial results for its fourth quarter 2009. Overall the results were significantly below the Zacks Consensus Estimates. Quarterly total revenue was $60.9 million, remaining flat year-over-year but...
24Feb2010 | vitalstocks | 0 comments | Continued(CBS) CBS Earnings Report In-line with Consensus Estimates
CBS Corporation (CBS), a diversified media conglomerate, recently reported fourth-quarter 2009 results. The quarterly earnings, which remain in line with the Zacks Consensus Estimate, posted a double-digit growth on a year-over-year basis on the heels of cost containment initiatives. The...
24Feb2010 | vitalstocks | 0 comments | Continued(MMS) MAXIMUS Incorporated Earnings Estimates Spike – Revenue Up 19%
MAXIMUS, Inc. (MMS) shares are soaring after the latest earnings news, which included revised guidance. Company Description MAXIMUS provides government services around the world, specializing in health and human services. The company has more than 200 offices in North America,...
24Feb2010 | vitalstocks | 0 comments | Continued(CHSI) Catalyst Health Solutions Reports Earings in Line With Consensus
Catalyst Health Solutions, Inc. (CHSI) reported fourth-quarter 2009 earnings of 41 cents per share, in line with the Zacks Consensus Estimate. The company earned 33 cents in the year-ago quarter. Quarterly Results Revenue for the fourth quarter of 2009 came in at $748 million...
24Feb2010 | vitalstocks | 0 comments | Continued(BMRN) BioMarin Pharmaceutical’s Earnings Top Analyst Estimates
BioMarin Pharmaceutical Inc. (BMRN) reported fourth-quarter 2009 earnings of 13 cents per share (excluding special items), beating the Zacks Consensus Estimate of break-even earnings. The company had earned 8 cents (excluding special items) in the year-ago quarter. Quarterly...
24Feb2010 | vitalstocks | 0 comments | Continued(ONXX) Onyx Pharmaceuticals Reports Higher Revenues
Onyx Pharmaceuticals (ONXX) has reported a fourth quarter loss of 9 cents per share, much better than a loss of 53 cents reported in the year-ago period. However, after adjusting non recurring items and treating stock-based compensation as a regular expense, the company reported...
24Feb2010 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Answers U.S. Senate Concerns Over Avandia
GlaxoSmithKline (GSK) recently issued a statement regarding the findings of a Senate Committee on the company’s diabetes drug Avandia. The company stated that the conclusions drawn by the Committee on the safety of Avandia are based on analysis not consistent with the scientific...
24Feb2010 | vitalstocks | 0 comments | Continued(FNM) Number of Homeowners Underwater Continues to Rise
First American Core logic just released its report on the number of homeowners who are underwater on their mortgages. The storm waters continue to rise. In all, more than 11.3 million, or 24 percent, of all residential properties with mortgages, were underwater at the end of...
24Feb2010 | vitalstocks | 0 comments | Continued(SM) St. Mary Land & Exploration Company Analyst Initiates Coverage at Underperform
We recently initiated coverage on St. Mary Land & Exploration Co. (SM) with an Underperform recommendation and a target price of $30. St. Mary is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of natural...
24Feb2010 | vitalstocks | 0 comments | Continued(MCHP) Microchip Technology Ups Bid For Silicon Storage Technology
Microchip Technology Inc. (MCHP) has raised its acquisition offer for Silicon Storage Technology, Inc. (SSTI). Under the revised terms, SST shareholders would be entitled to receive $3.00 per share in cash. Microchip earlier announced that it will acquire SSTI for $2.85 per share...
24Feb2010 | vitalstocks | 0 comments | Continued(TQNT) TriQuint Semiconductor Earnings Preview
TriQuint Semiconductor, Inc. (TQNT) is expected to report results for the fourth quarter of 2009 later today. Last month, TriQuint upgraded its guidance for the fourth quarter. The company expects revenues of around $190 million, up from the previous guidance of $175 million...
24Feb2010 | vitalstocks | 0 comments | Continued(HCN) Health Care REIT Forms Joint Venture with Forest City
Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has recently formed a joint venture with Forest City Enterprises Inc. (FCEA), a premier real estate company in the U.S., to purchase a $668 million life...
24Feb2010 | vitalstocks | 0 comments | Continued(TJX) TJX Companies’ Earnings Report Tops Estimates
The TJX Companies Inc. (TJX) reported results for the fourth quarter of 2010 with earnings of 94 cents per share. Earnings were well above the Zacks Consensus Estimate of 60 cents per share and were up a 104% year-over-year. Net sales for the quarter grew 10.4% year-over-year...
24Feb2010 | vitalstocks | 0 comments | Continued(SID) Companhia Siderurgica Nacional Acquires Cimpor
Companhia Siderurgica Nacional (SID) through its indirect subsidiary CSN Cement S.a.r.l. has announced the final results of the tender offer to acquire up to all of the shares issued by Cimpor – Cimentos de Portugal, SGPS, S.A. (Cimpor) pursuant to the terms and conditions...
24Feb2010 | vitalstocks | 0 comments | Continued(MAT) Mattel Incorporated – Double-Digit Earnings Growth Projected
Mattel Inc. (MAT) beat recently beat expectations, which sent estimates and share price higher. Company Description Mattel makes toys and other family products. Brands include the iconic Barbie, Hot Wheels, Fisher-Price and many others. Topped Estimates Mattel released fourth-quarter...
24Feb2010 | vitalstocks | 0 comments | Continued