Archive for March, 2010
(DLLR) Dollar Financial Repurchases Senior Notes
Last week, Dollar Financial Corp. (DLLR) announced the repurchase of $35.2 million worth of its 2.875% U.S. senior convertible notes due 2027 for $32.0 million in cash, or 91% of par value. This reduces the company’s annual cash interest expense by about $1.0 million and non-cash...
3Mar2010 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton Limited – Bull of the Day
In response to global economic conditions, BHP Billiton Limited (BHP) has undertaken various actions, such as withdrawing from its pursuit of Rio Tinto, adjusting production levels in line with the demand and suspending cash negative operations. BHP continues with its long-term...
3Mar2010 | vitalstocks | 0 comments | Continued(OVTI) OmniVision Technologies Beats Expectations – Outlook Tepid
OmniVision Technologies, Inc.’s (OVTI) earnings for the third quarter of fiscal 2010 (ending January 2010) beat the Zacks Consensus Estimate by 2 cents. Shares were up more than 1.5% in response. Total Revenue Revenue of $156.9 million was down 14.4% sequentially and up 96.1%...
3Mar2010 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor’s Quarterly Report Beats Estimates
Deckers Outdoor Corporation (DECK), the maker of sheepskin boots and slippers, recently delivered better-than-expected fourth-quarter 2009 results on the heels of strong demand for the UGG brand product line, new product introductions, and effective inventory management. The...
3Mar2010 | vitalstocks | 0 comments | Continued(AZO) AutoZone Reports Improved Quarter
AutoZone (AZO) has posted earnings per share of $2.46 per share for the second quarter ended February 13, 2010, beating the Zacks Consensus Estimate of $2.35 per share. The earnings also improved from the year-ago level of $2.03 per share. Net sales in the quarter rose 4% to...
3Mar2010 | vitalstocks | 0 comments | Continued(MBI) MBIA Incorporated Reports Smaller Loss
MBIA Inc.’s (MBI) fourth quarter operating loss of $1.16 per share was a penny more than the Zacks Consensus Estimate of a loss of $1.15. The company had reported a loss of $5.21 per share in the prior-year quarter. Results were dragged down by losses on MBIA’s coverage...
3Mar2010 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Corporation – Earnings Estimates Climbing
Starbucks Corp. (SBUX) recently rebounded from a key trend line to move back within striking range of the 52-week high at $24.45. The move higher comes on the heels of the company’s better than expected Q1 results from late January. Company Description Starbucks Corp. owns...
3Mar2010 | vitalstocks | 0 comments | Continued(TIE) Titanium Metals Corporation Net Earnings Down – Outlook Up
Titanium Metals Corporation (TIE) reported a sharp drop in profits in the fourth quarter of 2009. Net profits declined to 3 cents per share from last year’s 19 cents on production delays in the commercial aerospace industry. However, earnings were ahead of the Zacks Consensus...
3Mar2010 | vitalstocks | 0 comments | Continued(ATML) Atmel Gets Approval for Fabrication Plant Sale
Atmel Corp. (ATML) announced that the proposed sale of its wafer fabrication operation in Rousset, France, to LFoundry GmbH has been approved by employees at the facility and the Rousset Works Council. Subsequent to receiving Works Council approval, Atmel sought and obtained...
3Mar2010 | vitalstocks | 0 comments | Continued(UUP) Enough Dra(ch)ma: The Euro Will Thrive… When PIIGS Fly!
by Gary Spivak, Investment U Research Team Tuesday, March 2, 2010 What’s your current F.U.D. level? That is… Fear, Uncertainty and Doubt. When it comes to situations like the Greek debt crisis, you want to make sure it’s low. That’s because if you want to profit from...
3Mar2010 | InvestmentU | 0 comments | Continued(BMY) Bristol-Myers Squibb Gets Good News From the FDA
Recently, Bristol-Myers Squibb Co. (BMY) announced that the advisory committee of the U.S. Food and Drug Administration (FDA) recommended approval for belatacept, the company’s candidate for treating patients undergoing kidney transplants. The panel voted in favor of approving...
3Mar2010 | vitalstocks | 0 comments | Continued(BP) BP Plc Deals With Lewis Energy Group For U.S. Shale Gas
UK super major BP Plc. (BP) intends to make a deal with privately held Lewis Energy Group for the expansion of its U.S. shale-gas operations, as per news published in upstreamonline.com. The transaction value of this deal is expected to be worth $150 million to $200 million. BP...
3Mar2010 | vitalstocks | 0 comments | Continued(CEL) Cellcom Israel’s Fourth Quarter Earnings Beat Expectations
Telecom operator Cellcom Israel Ltd.’s (CEL) fourth-quarter net income grew 11.5% year over year, primarily driven by strong demand for content and value-added services. The company reported earnings of NIS271 million ($72 million), or NIS2.75 (73 cents) per share, compared...
3Mar2010 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Company Exceeds Estimates
Cooper Tire & Rubber Company (CTB) posted a profit of $49.6 million or 53 cents per share in the fourth quarter of 2009, in sharp contrast to a loss of $2.43 per share in the same quarter a year ago. With this, the company has beaten the Zacks Consensus Estimate of 47 cents...
3Mar2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer’s Prevnar 13 Earns FDA Approval
After several delays, Pfizer Inc. (PFE) received the much awaited approval from the US Food and Drug Administration (FDA) for its 13-valent pneumococcal conjugate vaccine, Prevnar 13. The vaccine is meant to prevent the invasive disease such as sepsis, bloodstream infections...
3Mar2010 | vitalstocks | 0 comments | Continued(NP) Neenah Paper – Analysts Increase Earnings Estimates
Neenah Paper’s (NP) recent results have been better than expected, and analysts have been raising their earnings estimates. Company Description Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as Classic,...
3Mar2010 | vitalstocks | 0 comments | Continued(NTY) NBTY Incorporated – Reports Record First Quarter Results
NBTY Inc. (NTY) recently surprised on estimates for the fourth quarter in a row as sales hit a first quarter record. NBTY has a forward P/E of just 11.9. Company Description NBTY manufactures and distributes nutritional supplements in the United States and around the globe. The...
3Mar2010 | vitalstocks | 0 comments | Continued(CCC) Calgon Carbon Corporation’s Profit More than Doubles
Calgon Carbon Corporation (CCC), the water and air purifying systems manufacturer, earned profit of 23 cents in the fourth quarter of 2009 compared with 11 cents in the fourth quarter of 2008. Reported earnings surpassed the Zacks Consensus Estimate of 15 cents and the market...
3Mar2010 | vitalstocks | 0 comments | Continued(OSIR) Osiris Therapeutics Misses Estimates
Osiris Therapeutics (OSIR) reported a net loss of a cent in the fourth quarter of 2009, well below the Zacks Consensus Estimate of a net income of 23 cents per share. However, net loss in the year ago period was higher at 37 cents, mainly due to lower revenues and higher clinical...
3Mar2010 | vitalstocks | 0 comments | Continued(OSG) Overseas Shipholding Group Beats Loss Estimate
Overseas Shipholding Group, Inc.’s (OSG) fourth quarter operating loss per share of 59 cents came in substantially better than the Zacks Consensus Estimate of a loss of $1.21 on lower operating expenses. This excluded 23 cents per share associated with tender settlement, 3...
3Mar2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Consolidates Two Units
Bank of America Corp. (BAC) said on Tuesday that it is combining the Global Card Services and Deposits under Susan Faulkner. Previously, Ric Struthers had led Global Card Services. But as part of management changes begun in mid-January by Chief Executive Brian Moynihan, Struthers...
3Mar2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Raises Earnings Outlook
Skyworks Solutions, Inc. (SWKS) upgraded its guidance for the second quarter of fiscal 2010. Management now expects revenues between $230 million and $235 million, up from the previous forecast of $225 million, driven by strong demand for mobile, internet, smart grid and new,...
3Mar2010 | vitalstocks | 0 comments | Continued(NIHD) NII Holdings’ Fourth Quarter Earnings Report Misses Expectations – Outlook Positive
NII Holdings Inc. (NIHD), a provider of wireless services in Latin America, announced fourth-quarter earnings of 35 cents per share, which was well below the Zacks Consensus Estimate of 55 cents. Net income for the quarter increased to $59.6 million from $2 million (a penny per...
3Mar2010 | vitalstocks | 0 comments | Continued(DBRN) The Dress Barn Beats Expectations – Lifts View
The Dress Barn Inc. (DBRN) recently posted fiscal 2010 second-quarter results. The company swung to a GAAP net income of $21.7 million, from a GAAP net loss of $1.8 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 37 cents, which...
3Mar2010 | vitalstocks | 0 comments | Continued(CATM) Cardtronics Incorporated – Solid Growth
Cardtronics (CATM) set records for revenue and cash flows leaving analysts optimistic about the company’s growth prospects. Company Description Cardtronics operates over 30,000 ATMs in the U.S., Puerto Rico, the U.K. and Mexico. Additionally, the company works with merchants...
3Mar2010 | vitalstocks | 0 comments | Continued(URS) URS Beats Earnings Estimates
URS Corp. (URS) reported fourth-quarter earnings per share from continuing operations of 65 cents, which was ahead of the Zacks Consensus Estimate of 58 cents. The company reported revenues of $2.11 billion, compared to revenues of $2.71 billion in the fourth quarter of 2008. Segment...
3Mar2010 | vitalstocks | 0 comments | Continued(TTEK) Tetra Tech Incorporated – Bear of the Day
We are downgrading our recommendation on Tetra Tech (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...
3Mar2010 | vitalstocks | 0 comments | Continued(CIT) CIT Group Expects $900 Million Loss in Fourth Quarter
Following its emergence from bankruptcy protection in Dec 2009, CIT Group Inc. (CIT) said in a regulatory filing with the Securities and Exchange Commission (SEC) on Monday that it expects to report a loss of about $900 million in the fourth quarter and about $4 billion for 2009. However,...
3Mar2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions – Bull of the Day
Skyworks Solutions (SWKS) is well positioned to benefit from recent trends in the handset market, which are favorable for increasing dollar content for RF components. There is a significant growth opportunity in the handset markets propelled by the launch of 3G networks in China....
3Mar2010 | vitalstocks | 0 comments | Continued(TSRA) Tessera Technologies Wins Cash – Ups Guidance
After the closing bell on Monday, Tessera Technologies Inc. (TSRA) announced that it had signed a six-year licensing agreement with United Test and Assembly Center Ltd. While the exact value of the new licensing agreement was not disclosed, the company, however, mentioned that...
3Mar2010 | vitalstocks | 0 comments | Continued