Archive for February, 2010
(UTI) Universal Technical Institute – Earnings Report Shows Record-Setting Quarter
Universal Technical Institute, Inc. (UTI) is soaring after a record quarter. Shares continue to set new 52-week highs and estimates are climbing. Record-Setting Quarter On Feb 2 Universal Tech announced quarterly earnings that showed the highest enrollment, revenue and earnings...
16Feb2010 | vitalstocks | 0 comments | Continued(MNRO) Monro Muffler Brake – Third Quarter Reports Sales Rise 29%
Monro Muffler Brake, Inc. (MNRO) just hit a new 52-week high after reporting strong Q3 results that included 29% revenue growth and a 9% earnings beat as consumers continue to opt for upgrades instead of buying new. Third-Quarter Results Sales for the quarter were up 29% from...
16Feb2010 | vitalstocks | 0 comments | Continued(NETC) Net Servicos de Comunicacao S.A. Continues to Grow
Net Servicos de Comunicacao S.A. (NETC), the largest cable MSO of Brazil, declared better-than-expected results for the fourth quarter of 2009. Quarterly gross revenue was $876 million, an improvement of 20.8% year over year. This was primarily due to impressive growth of the...
16Feb2010 | vitalstocks | 0 comments | Continued(CAKE) The Cheesecake Factory Incorporated Beats Earnings Expectations
The Cheesecake Factory Incorporated (CAKE) recently reported better-than-expected fourth-quarter 2009 results on the heels of effective cost management. Cost savings of over $7 million were realized during the quarter. The quarterly earnings of 28 cents a share outstripped the...
16Feb2010 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Announces New Agreement
Allscripts-Misys Healthcare Solutions, Inc. (MDRX) announced that it has entered into a new agreement with NuHealth whereby the latter will implement Allscripts clinical and practice management IT solutions across its network of hospitals and employed physicians. The agreement...
16Feb2010 | vitalstocks | 0 comments | Continued(ACL) Alcon Beats Earnings Expectations on Strong Revenues
Alcon Inc. (ACL) reported fourth quarter earnings of $1.61 per share, easily beating the Zacks Consensus Estimate of $1.50 and 14.2% above the year-ago earnings of $1.41. Full year earnings came in at $6.81, 10 cents above the Zacks Consensus Estimate and 13.5% above the year...
15Feb2010 | vitalstocks | 0 comments | Continued(AXS) AXIS Capital Holdings Tops Analyst Consensus
AXIS Capital Holdings Ltd. (AXS) reported fourth-quarter earnings of $1.83 per share, well ahead of the Zacks Consensus Estimate of $1.31. This was primarily due to higher-than-expected revenue driven by investment income Incorporatedreased premiums and low catastrophes. The...
15Feb2010 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners LP Expands Pipelines
While a significant drilling activity is expected to come online, Enbridge Energy Partners LP (EEP) is planning to expand its East Texas Gas Gathering System. The partnership will construct three new lateral pipelines linking with the Haynesville Shale play. In addition, it is...
15Feb2010 | vitalstocks | 0 comments | Continued(MT) The Pros and Cons of Dealing With Steel
by Tony Daltorio, Investment U Research Friday, February 12, 2010 Back in September, I wrote about the “real man of steel,” Lakshmi Mittal, Chairman and primary owner of ArcelorMittal ADR (NYSE: MT). His company produces nearly 10% of the world’s steel and three times...
15Feb2010 | InvestmentU | 0 comments | Continued(ARAY) Accuray Upgraded to Neutral by Analysts
We recently upgraded Accuray Inc. (ARAY) to Neutral. The stock was assigned a target price of $7.50 based on a P/S of 1.8x our fiscal 2011 sales estimate of $236 million. Accuray reported a second quarter fiscal 2010 loss per share of 2 cents, wider than the Zacks Consensus Estimate...
15Feb2010 | vitalstocks | 0 comments | Continued(TSP) Telecomunicacoes de Sao Paulo SA Misses Expectations
Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (TSP), commonly known as Telesp, reported fourth-quarter 2009 earnings per ADS of 62 cents falling short of the Zacks Consensus Estimates of 64 cents. Net income dipped 24.7% year-over-year to R$544.8 million (US$314...
15Feb2010 | vitalstocks | 0 comments | Continued(WWE) World Wrestling Lags Consensus Estimates
World Wrestling Entertainment Inc. (WWE) recently reported fourth quarter results. The company witnessed a 17.8% decline in earnings to $11.2 million from $13.6 million in the year-ago period. Earnings per share came in at 15 cents, missing the Zacks Consensus Estimate by 17%,...
15Feb2010 | vitalstocks | 0 comments | Continued(SII) Smith International to Buy @ Balance from Shell Technology Ventures
Smith International Inc. (SII) is planning to acquire @ Balance from Shell Technology Ventures Fund 1 B.V. Based in The Netherlands, @ Balance is a leading supplier of Automated Pressure DrillingTM services and the exclusive provider of the Dynamic Annular Pressure ControlTM...
15Feb2010 | vitalstocks | 0 comments | Continued(HE) Hawaiian Electric Industries Lags Behind
Hawaiian Electric Industries Inc. (HE) reported financial results for its fourth quarter of 2009. Earnings per share came in at 15 cents, compared to the Zacks Consensus Estimate of 20 cents and the year-earlier earnings of 16 cents. For fiscal 2009, the company reported EPS...
15Feb2010 | vitalstocks | 0 comments | Continued(LFL) LAN Airlines SA’s Traffic Increases
LAN Airlines SA (LFL), one of the leading airlines in Latin America, reported its preliminary monthly traffic statistics and punctuality indicators for January 2010. Total passenger traffic for January increased 17.6% year over year. International passenger traffic accounted...
15Feb2010 | vitalstocks | 0 comments | Continued(MAC) Macerich Fourth Quarter Funds From Operations Dips
The Macerich Co. (MAC), a real estate investment trust (REIT) focused on leasing regional and community shopping centers throughout the U.S., reported fourth quarter 2009 FFO (funds from operations) of $92.7 million or $0.90 per share, compared to $170.1 million or $1.92 per...
15Feb2010 | vitalstocks | 0 comments | Continued(ZGEN) ZymoGenetics Beats Earnings Expectations by a Penny
ZymoGenetics, Inc. (ZGEN) reported fourth quarter earnings of 19 cents per share, which was above the Zacks Consensus Estimate by a penny. The company had suffered a loss of 13 cents in the year-ago quarter. For full year 2009, the company suffered a loss of 62 cents per share,...
15Feb2010 | vitalstocks | 0 comments | Continued(EMS) Emergency Medical Services Beats Expectations – Raises
Emergency Medical Services’ (EMS) fourth earnings per share came (EPS) in at 67 cents (excluding a tax benefit of 8 cents), which surpassed the Zacks Consensus Estimate of 63 cents and earnings of 48 cents from the year-ago period. The company reported revenues of $654.3...
15Feb2010 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Results Prove Tough Quarter
Molina Healthcare, Inc. (MOH) suffered fourth-quarter loss of 18 cents per share, which was worse than the Zacks Consensus Estimate of a loss of 16 cents. The company earned 55 cents in the year-ago quarter. The disappointing performance of the company in the quarter was attributable...
15Feb2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix/Switch & Data Merger Approved
Equinix Inc. (EQIX) and Switch & Data Facilities Co. (SDXC) can now move forward with their merger plan, as the shareholders of Switch & Data has approved the merger for a consideration of $689.0 million. More than 85% of Switch & Data’s outstanding common stock...
15Feb2010 | vitalstocks | 0 comments | ContinuedMarket Financial Tides me a surprise
Each weekend I always step back and try to cut through all the noise and see what the state of the market really is. I use Barchart to get all my data and try to use a consistent methodology so I get the feel of what is really happening. Let’s look at the 3 sets of data...
15Feb2010 | Shawn | 0 comments | Continued(PTIE) Financial Tides Positions – The Long and Short of it – February 16,2010
Each day I go on Barchart and sort the new high and new low list for frequency. I then take the top 10 highs and the top 10 lows and do additional screening. I’ll list here those that pass and might be good additions to your portfolio. Use this list as a starting point...
15Feb2010 | Shawn | 0 comments | Continued(PTEN) Patterson-UTI Earnings Beat Loss Estimates
Onshore contract driller Patterson-UTI Inc. (PTEN) reported a narrower-than-expected fourth-quarter loss of 6 cents per share (excluding items), reflecting improvement in rig count on the back of rebounding commodity prices. The Zacks Consensus Estimate was pegged at a loss of...
14Feb2010 | vitalstocks | 0 comments | Continued(STI) SunTrust Banks Analyst Coverage Initiated at Neutral
We are initiating coverage on SunTrust Banks Inc. (STI) with a Neutral recommendation. SunTrust’s fourth quarter operating loss of 64 cents per share was lower than the Zacks Consensus Estimate of a loss of 75 cents. Last year, the company reported a loss of $1.07 per share....
14Feb2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Corporation Restructures
Boston Scientific Corporation (BSX) has recently announced several management changes and restructuring initiatives with an objective to strengthening the company and positioning it for long-term success in terms of accelerating profitable growth and increasing shareholder value. Few...
14Feb2010 | vitalstocks | 0 comments | Continued($WMT) U.S. Retail Sales Advance (Seasonally Adjusted)
In January, retail sales (seasonally adjusted) increased by 0.5% over the December level, and were 4.7% higher than a year ago. That was significantly better than the 0.3% increase that was expected by the consensus of economists. It was also a very nice pick up over the 0.1%...
14Feb2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Passing Toyota Motor in U.S. Market
According to a report by auto research website Edmunds.com, Ford Motor Co. (F) has become the second-biggest automaker in the U.S. behind General Motors. With this, Ford has overtaken Toyota Motor Corp. (TM) in the wake of Toyota’s damaging parade of recalls. According...
14Feb2010 | vitalstocks | 0 comments | Continued(RSG) Republic Services Matches Earnings Estimates
Republic Services Inc. (RSG) reported earnings per share from continuing operations of 33 cents, excluding restructuring charges, costs to achieve synergies, loss on disposition of assets and impairments, net, remediation charges and the tax effect of permanent items. This matches...
14Feb2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG to Raise Stake in OAO Kamaz
Daimler AG (DAI) plans to increase its stake in Russian truck manufacturer OAO Kamaz from 10% to 15%. The automaker is in negotiation with European Bank for Reconstruction and Development (EBRD) to jointly acquire the additional 5% stake in the truck maker. Initially, Daimler...
14Feb2010 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Lowered to Neutral
We are lowering our recommendation on the shares of Shutterfly Inc. (SFLY) to Neutral. Shutterfly’s fourth quarter earnings of 88 cents per share were well ahead of the Zacks Consensus Estimate of 70 cents, driven primarily by better-than-expected growth in revenue. Net revenues...
14Feb2010 | vitalstocks | 0 comments | Continued