Archive for February, 2010
(ITW) Illinois Tool Works Sees Revenue Growth
Illinois Tool Works Inc. (ITW) reported operating revenue for the three months ended January 31, 2010. During the quarter, total operating revenue increased 5% year over year. The growth in revenue was due to acquisitions and currency translation, which contributed 1% and 6%,...
16Feb2010 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Corporation Profit Up – Beats Views
Natural gas producer Ultra Petroleum Corp.’s (UPL) fourth quarter results came in better than expected, primarily due to increased production that was partly offset by lower realized natural gas prices. Earnings per share, excluding special items, came in at 51 cents, 4 cents...
16Feb2010 | vitalstocks | 0 comments | Continued(TSN) Don’t Be Chicken to Buy Tyson
When I begin to search for new stocks I always begin the same way using Barchart to run a list of the stocks having recent price appreciation and then sorting for the stocks that have had the most frequent price appreciations in the last 20 trading sessions. I then run through...
16Feb2010 | Shawn | 0 comments | Continued(PNC) PNC Financial Services Group Exits TARP
PNC Financial Services Group (PNC) has set itself free from the Troubled Asset Relief Program (TARP) by redeeming $7.6 billion of Series N preferred shares held by the United States Treasury. In order to fund the transaction, PNC Financial had issued $3.0 billion in stock earlier...
16Feb2010 | vitalstocks | 0 comments | Continued(FLIR) FLIR Systems Matches Earnings Estimates
FLIR Systems Inc. (FLIR) reported fourth-quarter earnings per share from continuing operations of 38 cents, matching the Zacks Consensus Estimate. Revenue was $311.6 million, up 3% compared to fourth quarter 2008. Excluding the effects of currency translation, revenue for the...
16Feb2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Reports In-Line
Merge Healthcare Inc. (MRGE) recently reported fourth quarter and full fiscal 2009 results. For the fourth quarter, earnings per share were 2 cents, in-line with the Zacks Consensus Estimate but considerably lower than the year-ago earnings of 6 cents. For fiscal 2009, earnings...
16Feb2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Wins Shell Deal Pre-Earnings
The world’s largest PC and printer manufacturer Hewlett-Packard Company (HPQ) is in the news for winning a mega deal with oil major Royal Dutch Shell Plc (RDSA). As per this deal, the computing major will work with Shell on seismic sensors which will help in predicting the...
16Feb2010 | vitalstocks | 0 comments | Continued(CME) CME Group Getting 90% of Dow Jones & Company
Recently, CME Group Inc. (CME) has announced that a definitive agreement has been reached to attain 90% of the stake in the Dow Jones & Company. This new joint venture will own the Dow Jones Indexes, which includes The Dow Jones Industrial Average (DJI) and approximately...
16Feb2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co to Reveal Royal Bank of Scotland-Sempra Energy Deal
JPMorgan Chase & Co. (JPM) could announce a deal today to buy commodities trading firm RBS-Sempra Commodities for $1.7 billion, reports the Wall Street Journal. In order to comply with European Union rules, the Royal Bank of Scotland (RBS) is selling its 51% stake in RBS-Sempra,...
16Feb2010 | vitalstocks | 0 comments | Continued(TU) Telus Corporation Misses Expectations – Reaffirms Outlook
Telus Corporation (TU) reported fourth-quarter 2009 results with adjusted (excluding debt redemption and favorable tax related adjustments) earnings per ADS of 43 US cents (46 Canadian cents per share), missing the Zacks Consensus Estimate of 56 US cents. Adjusted earnings also...
16Feb2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Ltd Amends Agreement
Teva Pharmaceutical Industries Ltd. (TEVA) recently amended its marketing and distribution agreement with Active Biotech for oral laquinimod, which is being developed for the treatment of relapsing-remitting multiple sclerosis (RRMS). Teva had initially acquired exclusive rights...
16Feb2010 | vitalstocks | 0 comments | Continued($Q) Qwest Communications Meets Expectations but Profit Tanks
Qwest Communications (Q) has announced fourth-quarter 2009 earnings with adjusted (excluding severance charges) earnings per share (EPS) of 8 cents, matching the Zacks Consensus Estimate while falling from the year-ago quarter adjusted EPS of 11 cents. For full year 2009, EPS...
16Feb2010 | vitalstocks | 0 comments | Continued(BHI) Eleven Rigs Added to National Count
According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for natural gas in the U.S. rose for the week ended Feb. 12, 2010, reflecting intensified drilling activity by the producers in response to rebounding commodity...
16Feb2010 | vitalstocks | 0 comments | Continued(ANF) Abercrombie & Fitch’s Earnings Plummet
Abercrombie & Fitch Co. (ANF), a leading international specialty retailer, reported relatively weak fourth quarter 2009 results with net income of $47.5 million or 53 cents per share, compared to a net income of $68.4 million or 78 cents per share in the year-earlier quarter. The...
16Feb2010 | vitalstocks | 0 comments | Continued(STRA) Strayer Education’s Earnings Report Shows 32% Profit Climb
Strayer Education Inc. (STRA), an education service company, recently reported fourth-quarter 2009 results. Net profit for the quarter soared 32% to $31.9 million from the prior-year quarter. The quarterly earnings of $2.32 per share exceeded the Zacks Consensus Estimate of $2.30,...
16Feb2010 | vitalstocks | 0 comments | Continued(MAS) Masco Corporation’s Loss is Much Larger Than Estimates
Masco Corporation (MAS) has reported results for the fourth quarter of 2009. For the quarter Incorporatedluding non-cash impairment charges for goodwill and other intangible assets, the company reported loss from continuing operations of $173 million or 49 cents per share, compared...
16Feb2010 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Moves Down Pre-Earnings
ValueClick Inc. (VCLK) was down 15 cents (or 1.60%) pre-earnings (on February 12, 2010). ValueClick will release its fourth quarter results on February 16. On February 1, ValueClick released its preliminary fourth quarter 2009 revenue of $130.2 million, in line with the company’s...
16Feb2010 | vitalstocks | 0 comments | Continued(SNWL) SonicWALL’s Report Tops Earnings Consensus
SonicWALL Inc. (SNWL) recently reported fourth quarter earnings of $5.0 million, compared to $3.5 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 10 cents, which topped the Zacks Consensus Estimate of 7 cents per share. The company...
16Feb2010 | vitalstocks | 0 comments | Continued(E) Eni SpA’s Earnings Surpass Consensus Estimates
Eni SpA (E) reported its fourth quarter earnings per ADR of €0.76 ($1.12), compared to €1.08 ($1.42) in the year-earlier quarter and the Zacks Consensus Estimate of $1.06. An increased production volume and a significant improvement in oil prices were the reasons behind this...
16Feb2010 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceuticals Beats Earnings Estimates by a Penny
Alexion Pharmaceuticals Inc. (ALXN) reported fourth quarter earnings per share (EPS) of 25 cents, a cent above the Zacks Consensus Estimate and well above 17 cents reported in the year-ago quarter. Reported quarter’s results do not include an income tax benefit of $214.5 million....
16Feb2010 | vitalstocks | 0 comments | Continued($DLLR) Dollar Financial’s Report Beats Earnings Expectations
Dollar Financial Corporation’s (DLLR) fiscal second quarter (ended December 30, 2009) earnings came in at 60 cents per share, substantially ahead of the Zacks Consensus Estimate of 45 cents. This also compares favorably with the earnings of 54 cents in the year-ago quarter. Pro...
16Feb2010 | vitalstocks | 0 comments | Continued($MRK) Merck Marginally Beats Earnings Expectations
Merck’s (MRK) earnings per share (EPS) for the fourth quarter of 2009 came in at 79 cents (excluding non-recurring items), marginally beating the Zacks Consensus Estimate of 78 cents but lower than 87 cents reported in the year-ago period. For the full-year of 2009, Merck reported...
16Feb2010 | vitalstocks | 0 comments | Continued(WM) Waste Management’s Fourth Quarter Beats Expectations
Waste Management, Inc. (WM) reported fourth-quarter earnings of 52 cents per share, above the Zacks Consensus Estimate of 48 cents and prior-year earnings of 49 cents per share. The year-over-year growth was primarily driven by the company’s cost cutting efforts. Net sales...
16Feb2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Grows but Misses Earnings Estimates
Kraft Foods Inc. (KFT) reported fourth quarter results with earnings of 48 cents per share, below the Zacks Consensus Estimate of 50 cents. However, quarterly earnings were up 17.1% year-over-year. Net revenues for the quarter increased 3.2% year-over-year to $11.0 billion, primarily...
16Feb2010 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger Sees Year-Over-Year Growth
W.W. Grainger Inc. (GWW) reported a 12% year-over-year increase in daily sales for January 2010. The current year period had one selling day less compared to January 2009. The company benefited from a 5% positive contribution from acquisitions, 2% benefit from the timing of the...
16Feb2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis to Increase Stake in ProLogis European Properties
ProLogis (PLD), a leading global provider of distribution facilities, has recently announced plans to increase its stake in ProLogis European Properties (PEPR), the largest owner of modern distribution facilities in Europe. Operating as a real estate closed-ended investment fund,...
16Feb2010 | vitalstocks | 0 comments | Continued(AMT) American Tower Corporation to Explore India
American Tower Corp. (AMT) is all set to purchase 4,200 mobile phone towers from Essar Telecom Infrastructure, industry sources predicted, for approximately $425 million. Essar Telecom Infrastructure is a small-sized wireless tower operator of India. The deal is expected to be...
16Feb2010 | vitalstocks | 0 comments | Continued(TSRA) Tessera Technologies – Bear of the Day
Tessera Technologies, Inc. (TSRA) is a provider of back-end technology for semiconductor manufacturing. The company’s technology enables miniaturization of electronic goods, which is a driver of IC sales in the market today. Consequently, the host of patents, new technologies,...
16Feb2010 | vitalstocks | 0 comments | Continued(MWIV) MWI Veterinary Supply – Bull of the Day
MWI Veterinary Supply’s (MWIV) first quarter of 2010 earnings per share came in at $0.63, well above the Zacks Consensus Estimate of $0.50 and the year-ago earnings of $0.48. The company reported revenues of $236.1 million, an increase of 2% compared to the corresponding...
16Feb2010 | vitalstocks | 0 comments | Continued(DBRN) Dress Barn – Two of Four Analysts Raised Numbers in the Past Week
Dress Barn, Inc. (DBRN), a women’s specialty retailer with a Zacks #1 Rank (‘strong buy’), announced better-than-expected fiscal second-quarter sales last week. The company was last featured as a Value Stock of the Day in late September, shortly after its fiscal...
16Feb2010 | vitalstocks | 0 comments | Continued