Archive for March, 2010
(TECD) Tech Data Corporation Earnings Scorecard
Tech Data Corp. (TECD) reported better-than-expected results for the fiscal fourth quarter 2010 on March 2, beating the Zacks Consensus Estimate by a huge difference of $1.01 per share, posting a surprise of 23.76%. Fourth-Quarter Earnings Summary Earnings per share were robust...
29Mar2010 | vitalstocks | 0 comments | Continued(PXD) Pioneer Natural Resources Company Scores Success at Eagle Ford
Pioneer Natural Resources Company (PXD), a Texas-based independent oil and gas exploration and production company, continues its successful Eagle Ford Shale (“EFS”) drilling program. The company yesterday announced its third successful well (the Charles Riedesel GU 1-1...
29Mar2010 | vitalstocks | 0 comments | Continued(CYCC) Cyclacel Pharmaceuticals Posts Wider Loss
Cyclacel Pharmaceuticals, Inc.’s (CYCC) fourth quarter fiscal 2009 net loss per share came in at 18 cents, wider than the Zacks Consensus Estimate by a penny. The year-ago loss was 39 cents. The year-over-year decline in loss for the reported quarter was attributable to lower...
29Mar2010 | vitalstocks | 0 comments | Continued(PTIE) Pain Therapeutics Sees Encouraging Data on PTI-188
Pain Therapeutics, Inc. (PTIE) recently presented encouraging data on its metastatic melanoma candidate, PTI-188. The company said that the administration of a single dose of PTI-188, a radio-labeled monoclonal antibody, resulted in the stabilization or decrease in the size of...
29Mar2010 | vitalstocks | 0 comments | Continued(MCRS) MICROS Systems Earnings Scorecard
In-line Fourth Quarter Estimates have been steady for MICROS Systems, Inc. (MCRS) after it reported for the second quarter of fiscal 2010, which were in line with expectations. MICROS designs, manufactures, markets, and services enterprise information solutions for the hospitality...
29Mar2010 | vitalstocks | 0 comments | Continued(PRGS) Progress Software’s Earnings Report Tops View
Progress Software Corp. (PRGS) reported fiscal 2010 first quarter results after the closing bell on Tuesday. The company recorded a GAAP net loss of $1.0 million during the quarter, compared to a GAAP net income of $3.6 million in the year-ago period. Excluding special items,...
29Mar2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Expands Operation
Eastman Chemical Company’s (EMN) joint venture with SK Chemicals Company Ltd. (a Korean chemical company) ? Eastman Fibers Korea Limited ? has opened a new acetate tow manufacturing plant in Ulsan, Korea. The new plant will produce 27,000 tons of cellulose acetate tow, a material...
29Mar2010 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Suffers as FDA Panel Rules Against Pixantrone
In a major disappointment for Cell Therapeutics’ (CTIC), the US Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee unanimously decided against the approval of the company’s lead candidate pixantrone, citing lack of sufficient clinical data. Cell...
29Mar2010 | vitalstocks | 0 comments | Continued(CIG) Companhia Energetica de Minas Gerais Depends on Sales Volume
Recently, Companhia Energetica de Minas Gerais, or CEMIG (CIG) posted results for the fourth quarter and year 2009. Net income for the quarter was R$434 million (US$248 million), up from R$246 million (US$107.4 million) in the same quarter of 2008 based on a 22.0% increase in...
29Mar2010 | vitalstocks | 0 comments | Continued(AGP) Amerigroup Corporation – Beat Earnings Big in the Fourth Quarter
Amerigroup Corporation (AGP) has surprised on the Zacks Consensus 2 out of the last 4 quarters by an average of 51.8%. AGP has attractive valuations, with a price-to-book ratio of just 1.7. Company Description Amerigroup provides healthcare access to the financially vulnerable,...
29Mar2010 | vitalstocks | 0 comments | Continued(BLUD) Immucor Third Quarter 2010 Earnings Preview
Immucor (BLUD) is scheduled to report its third quarter fiscal 2010 results on March 31, 2010. The Zacks Consensus Estimate for the quarter is pegged at a profit of 28 cents. Going by past trends, Immucor has surpassed expectations in the past four quarters. The company had a...
29Mar2010 | vitalstocks | 0 comments | Continued(PLL) Pall Corporation Wins Order From the National Renewable Energy Laboratory
Pall Corporation (PLL) has been awarded an order by the National Renewable Energy Laboratory (“NREL”) to develop critical filtration and separation processes for a U.S. Department of Energy advanced biofuels project. Pall will engineer and exhibit the science and the...
29Mar2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Signs Leases in Pennsylvania
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently signed leasing agreements for approximately 202,200 square feet at AMB I-81 Distribution Center in Harrisburg, Pennsylvania, amid signs of market stabilization. The deal was signed with a leading...
29Mar2010 | vitalstocks | 0 comments | Continued(CGNX) Cognex Corporation & Fuji Machine Manufacturing Resolve Dispute
Cognex Corporation (CGNX) announced that it has reached a settlement with Fuji Machine Manufacturing Co., Ltd. and its U.S. subsidiary Fuji America Corporation, relating to the import and sale of equipment using machine vision software. Other terms of the resolution were not...
29Mar2010 | vitalstocks | 0 comments | Continued(ADBE) Adobe Systems’ Shares Climb on Strong Guidance
Adobe Systems’ (ADBE) earnings for the first quarter of fiscal year 2010, beat the Zacks Consensus Estimate by a penny. Revenue exceeded by 3.8%. However, shares were up 5.48% in pre-market trading, as investors responded positively to the strong guidance. Revenue Total revenue...
29Mar2010 | vitalstocks | 0 comments | Continued(TGI) Triumph Group Earnings Estimate Scorecard
On February 4, Triumph Group, Inc. (TGI) reported results for the third quarter of fiscal 2010. Net income was $18.1 million or $1.08 per share, down from $20.1 million or $1.21 for the third quarter of the prior year. The decrease in net income was the result of a huge increase...
29Mar2010 | vitalstocks | 0 comments | Continued(WEN) Wendy’s/Arby’s Increases Stock Buyback Plan
Wendy’s/Arby’s Group, Inc. (WEN), the third largest fast-food restaurant operator, notified that its Board of Directors recently raised the share buyback authorization by $50 million to $250 million, which will remain in effect through January 2, 2011. Since the announcement...
29Mar2010 | vitalstocks | 0 comments | ContinuedWhy the Best Investing Strategy Is Not Always the Best Trading Technique
At the Investment U Conference in San Diego last week, I gave a talk called, “The Secret of the World’s Greatest Investors.” What is that secret? I’ll give you three hints: Lord Rothschild said, “The time to buy is when there’s blood running in the streets.”...
29Mar2010 | InvestmentU | 0 comments | Continued(DOX) Amdocs Acquires MX Telecom
Amdocs Corp. (DOX) recently completed the acquisition of MX Telecom Ltd, a leading mobile payment and messaging aggregator. The transaction is aimed to boost up Amdocs’ OpenMarket business that provides a state-of-the-art mobile transaction hub. MX Telecom provides infrastructure...
29Mar2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Wins Saudi Aramco Deal
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of an infrastructure upgrade and electrification contract from Saudi Aramco, the state-owned national oil company of Saudi Arabia....
29Mar2010 | vitalstocks | 0 comments | Continued(TSPT) Transcept Pharmaceuticals – Don’t Lose Sleep Over Intermezzo
On January 20, 2010, Transcept Pharmaceuticals (TSPT) management met with the U.S. FDA to discuss the complete response letter issued October 28, 2009 on Intermezzo. The letter brought up issues on potential inadvertent re-dosing in a single night and inadvertent dosing with...
29Mar2010 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services Upgraded to Outperform
Recently, we upgraded our recommendation on Gentiva Health Services Inc. (GTIV) to Outperform with a price target of $34. We upgrade the stock because of the strong financial results delivered in the fourth quarter of 2009 and the solid fundamentals of the company. Gentiva is...
29Mar2010 | vitalstocks | 0 comments | Continued(MCHP) Microchip Technologies Earnings Estimate Scorecard
Last week, Microchip Technologies (MCHP) raised its outlook for the fourth quarter of fiscal 2010. The company now expects sales to be up 8% sequentially compared to the previous guidance of 3% – 7%. The revised guidance implies a revenue guidance of $270.1 million. Microchip...
29Mar2010 | vitalstocks | 0 comments | Continued(ESV) Ensco International Changes Name to Ensco plc
Ensco International plc (ESV) will be known as Ensco plc, effective March 31, 2010. Management said that this name change is part of the company’s move to its new headquarters in London. Though the company will rename itself, it will continue with the same lines of business...
29Mar2010 | vitalstocks | 0 comments | Continued(NKE) Nike Remodels Sports Footwear Factory Store
Nike Inc. (NKE), a premier sports footwear, apparel and equipment manufacturing company, is currently remodeling its Factory Store in San Marcos, Texas, to give it a fresh makeover ahead of the FIFA World Cup Soccer scheduled to commence in June 2010. With the refurbished look,...
29Mar2010 | vitalstocks | 0 comments | Continued(TSPT) Transcept Pharmaceuticals – Bull of the Day
We are maintaining our positive bias on Transcept Pharmaceuticals (TSPT). We believe the stock is significantly undervalued at this level, and that the market is overly pessimistic on the ability of management to address the issues raised in the FDA’s complete response...
29Mar2010 | vitalstocks | 0 comments | Continued(SHI) Sinopec Shanghai Petrochemical Company Flips Losses
Sinopec Shanghai Petrochemical Company Limited (SHI), one of China’s largest petrochemical companies, recorded a net income of $206 million (RMB1.6 billion) or $2.85 (RMB 0.221) in 2009 as opposed to net losses of $804 million (RMB6.2 billion) or $11.15 (RMB0.866) in 2008....
29Mar2010 | vitalstocks | 0 comments | Continued(GIS) General Mills Beats Expectations – Stock Dips
General Mills (GIS) reported strong results for the third quarter of fiscal 2010 with adjusted (excluding non-recurring items such as divestiture gains) earnings of 97 cents per share exceeding the Zacks Consensus Estimate of 93 cents and the year-ago earnings of 79 cents per...
29Mar2010 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Expands Agreement with Eli Lilly
Thermo Fisher Scientific Inc. (TMO) recently expanded its clinical trial materials supply chain relationship agreement with Eli Lilly and Company (LLY). Per the new five-year agreement, Thermo Fisher will take over the responsibility of Lilly’s in-house clinical trial materials...
29Mar2010 | vitalstocks | 0 comments | Continued(SLM) Major Changes as U.S. Student Loan Overhaul Approved
Last week, both the House and the Senate passed a bill to overhaul the student loan program, ending the Federal Family Education Loan Program (FFELP) that provided federal subsidies to private lenders. As a result of this, federally guaranteed student loans would be originated...
29Mar2010 | vitalstocks | 0 comments | Continued