Archive for April, 2010
(QLGC) QLogic Quartery Earnings Match The Consensus
A leading supplier of high performance network infrastructure solutions, QLogic Corp. (QLGC) reported fourth quarter earnings in line with the Zacks Consensus Estimate. Despite the in-line quarter, the shares fell 5.5% in afterhours trading. Lower operating expense and reduction...
30Apr2010 | vitalstocks | 0 comments | Continued(KLAC) KLA-Tencor Beats Earnings Expectations – Guides Higher
KLA-Tencor Corp.’s (KLAC) second-quarter earnings beat the Zacks Consensus Estimate by 6 cents. With the broad turnaround in the semiconductor capital equipment market underway, some of the other equipment makers, such as Research (LRCX) and Teradyne (TER) also reported stronger...
30Apr2010 | vitalstocks | 0 comments | Continued(AMX) America Movil S.A.B. Misses The Street Estimate
Latin America’s largest wireless carrier America Movil (AMX) reported results for first-quarter 2010 with earnings per ADS of 82 cents, missing the Zacks Consensus Estimates of 93 cents. Net profit rose 1.9% year-over-year to 16.9 billion pesos ($1.3 billion), helped by foreign...
30Apr2010 | vitalstocks | 0 comments | Continued(EFX) Equifax’s Earnings Report Inches Past The Street Estimate
Equifax’s (EFX) reported first quarter 2010 EPS of 56 cents exceeding the Zacks Consensus Estimate by 1 cent. Revenue Revenue for the quarter was $461.3 million, up 3.0% from $446.6 million reported in the year-ago quarter. Revenue remained almost unchanged, when adjusted with...
30Apr2010 | vitalstocks | 0 comments | Continued(XEL) Xcel Energy’s Quarterly Earnings Report Beats by a Penny
Electricity and natural gas company Xcel Energy Inc. (XEL) posted 2010 first-quarter results before the opening bell on Thursday. The company recorded adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 41 cents as well as last year’s adjusted earnings...
30Apr2010 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser Reports Earnings Loss – Shows Improvement
Weyerhaeuser Company’s (WY) first quarter net loss was $20 million compared with a net loss of $264 million in the year-ago quarter. Reported net loss per share was 10 cents compared with a net loss per share of $1.25 in the first quarter of 2009, and 24 cents anticipated by...
30Apr2010 | vitalstocks | 0 comments | Continued(UHS) Healthcare Reform – What Investors Need To Know $$
President Obama officially signed Congress’ hotly contested healthcare reform into law on March 23, 2010. When that happened, both sides of the debate filled the newspapers, blogosphere and break rooms with their opinions on the subject… not that they hadn’t been doing...
30Apr2010 | InvestmentU | 0 comments | Continued(ISRG) MarketWatch is Wrong – The Case For Investing in Small Caps
Earlier this week, MarketWatch railed against investing in small-cap stocks. And not just some small column buried in a deep, dark place on their website either… it was a feature article. It states that investors might be “tempted to chase small-caps’ hot returns, be...
30Apr2010 | InvestmentU | 0 comments | Continued(AKAM) Akamai Technologies Rises on Revenue Gains
Akamai Technologies (AKAM) reported strong first quarter 2010 revenue. Following the company’s first-quarter results, shares rose 8.95% in after-hours trade due to increased revenue growth and higher margins, which offset some of the decline in earnings. The company also provided...
30Apr2010 | vitalstocks | 0 comments | Continued(SKX) SKECHERS USA – Consensus Estimates Rise
SKECHERS USA, Inc. (SKX) did it again. On Apr 28, the company beat the Zacks Consensus Estimate for the 7th straight quarter as it saw record first quarter sales and earnings. The footwear manufacturer, which sells in its own retail stores, department stores and on its e-commerce...
30Apr2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation – Bear of the Day
Given the critical sustainability factor in the current sluggish economic recovery, we are downgrading our recommendation on State Street Corp. (STT) to Underperform. The company’s first-quarter earnings were in line with the Zacks Consensus Estimate. Results for the quarter...
30Apr2010 | vitalstocks | 0 comments | Continued(T) More Heartache for Yield-Seeking Investors
Yield-seeking investors were not offered much help from the Federal Reserve yesterday. In its statement following a two-day meeting, the Federal Open Market Committee (FOMC) reiterated its position that interest rates should remain at very low levels for an “extended period.”...
30Apr2010 | Shawn | 0 comments | Continued(D) Dominion Resources Reports Quarter That Beats
Dominion Resources Inc.’s (D) first quarter 2010 EPS was 96 cents, within the guidance range of 90 cents to $1.00 issued by it and above the Zacks Consensus Estimate of 94 cents. However, the quarterly EPS declined slightly from last year’s 98 cents. The earnings drag during...
30Apr2010 | vitalstocks | 0 comments | Continued(CTB) Automotive Industry Stocks
Lately I’ve been watching all the ads on TV and other places in the mass media where Ed Whitacre the GM CEO struts across the scene and brags about how proud he is that GM paid back their TARP loans ahead of time and with interest to boot. Nowhere did I hear a “Thank...
30Apr2010 | Shawn | 0 comments | Continued(ISRG) Intuitive Surgical – Growing International Presence – Estimates Climbing
Intuitive Surgical, Inc. (ISRG) recently hit a new all-time high at $393 after reporting awesome Q1 results that saw sales jump 75% from last year. Although the valuation picture does look a bit rich, the next-year estimate is projecting 20% earnings growth. Company Description Intuitive...
30Apr2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Quarterly Earnings Outperform
Cardinal Health, Inc. (CAH) reported third quarter fiscal 2010 earnings per share of 61 cents, outperforming the Zacks Consensus Estimate of 57 cents. However, earnings were lower than the year-ago figure of 66 cents. Sales Total sales in the third quarter increased 1% year over...
30Apr2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Corporation’s Profits Rise With Oil Prices
Chevron Corporation (CVX) — the second largest U.S. oil company — posted significantly better-than-expected first-quarter 2010 earnings. As has been the case with the other oil majors that have already reported, such as Exxon (XOM), ConocoPhillips (COP), BP Plc (BP)...
30Apr2010 | vitalstocks | 0 comments | Continued(XLNX) Xilinx Quarterly Report Beats The Street
Xilinx, Inc. (XLNX) reported sales of $529.0 million, up 3% sequentially and up 34% year over year. New product sales increased 13% sequentially, while mainstream products decreased 4% sequentially and base products remained flat. California-based Xilinx designs and manufactures...
29Apr2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Reports Ahead of The Street
Time Warner Cable Inc. (TWC) reported better-than expected first quarter 2010 financial results. Both the Commercial and Residential subscription revenue grew in the quarter, together with a rebound of the Advertising revenue growth. Time Warner Cable has done very well with...
29Apr2010 | vitalstocks | 0 comments | Continued(PG) The Procter & Gamble Company Reports Strong Third Quarter
The Procter & Gamble Company (PG) reported results for the third quarter of fiscal 2010 with earnings of 89 cents per share, above the Zacks Consensus Estimate of 82 cents and up 10% year-over-year. Net sales for the quarter increased 7.4% year-over-year to $19.2 billion,...
29Apr2010 | vitalstocks | 0 comments | Continued(MYL) Mylan’s Quarterly Earnings Tops Expectations
Mylan (MYL) reported first quarter earnings per share of 20 cents, down from the year-ago earnings of 23 cents. On an adjusted basis, first quarter 2010 earnings came in at 36 cents, a couple of cents above the Zacks Consensus Estimate and well above the year-ago earnings of...
29Apr2010 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips’ Quarterly Profit Climbs
ConocoPhillips (COP) — one of the world’s largest energy companies — reported robust first-quarter 2010 results, reflecting significantly higher crude oil prices and lower operating costs, partially offset by a decline in production volumes and lower worldwide...
29Apr2010 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies’ Earnings Report Tops Expectations
Oil drilling equipment maker FMC Technologies Inc. (FTI) reported significantly better-than-expected first quarter 2010 results, helped by robust performance from its subsea oil and gas processing systems, as well as cost cutting initiatives. Earnings per share from continuing...
29Apr2010 | vitalstocks | 0 comments | Continued(WMT) Initial Claims for Unemployment Insurance Drop Down
As shown in the graph below (from http://www.calculatedriskblog.com/) after a big decline starting in April of last year, Initial Claims for Unemployment Insurance have become extremely erratic. This week it was time for some good news as claims fell by 11,000 to 448,000, although...
29Apr2010 | vitalstocks | 0 comments | Continued(V) Visa Earnings Up on Strong Transaction Growth
Visa Inc.’s (V) fiscal second quarter 2010 (ended March 31, 2010) GAAP earnings of 96 cents per class A common share were ahead of the Zacks Consensus Estimate of 91 cents. This compares favorably with the earnings of 71 cents in the year-ago quarter. The results for the quarter...
29Apr2010 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Beats The Street
Bristol-Myers Squibb Company (BMY) earned 56 cents per share in the first quarter of fiscal 2010, far above the Zacks Consensus Estimate by 5 cents. The company had earned 42 cents per share in the year-ago quarter. However, the company has reduced its 2010 forecast prompted...
29Apr2010 | vitalstocks | 0 comments | Continued(K) Kellogg Company Quarterly Report Outpaces Estimate
Kellogg Company (K) recently posted better-than-expected first-quarter 2010 results on the heels of international sales and effective cost management. The quarterly earnings of $1.09 per share surpassed the Zacks Consensus Estimate of 94 cents, and rose 30% from 84 cents delivered...
29Apr2010 | vitalstocks | 0 comments | Continued(IP) International Paper Earnings Beat Forecast by a Cent
International Paper Co. (IP) reported first quarter earnings of 4 cents per share, a cent ahead of the Zacks Consensus Estimate. However, the results were down from 24 cents in the prior quarter and 8 cents in the year-ago quarter. Results reflected higher raw material costs. Including...
29Apr2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide Beats Consensus – Outlook Positive
Starwood Hotels & Resorts Worldwide Inc. (HOT) has reported its first quarter earnings from continuing operations of 13 cents per share, well ahead of the Zacks Consensus Estimate of 1 cent. Including a benefit of $6 million from asset sales, the earnings came in at 16 cents. The...
29Apr2010 | vitalstocks | 0 comments | Continued(FO) Fortune Brands Beats Expectations on Higher Sales
Consumer products maker Fortune Brands (FO) reported first-quarter 2010 results with adjusted (excluding restructuring and other charges) earnings per share of 49 cents, comfortably beating the Zacks Consensus Estimate of 31 cents. The results were driven by healthy performance...
29Apr2010 | vitalstocks | 0 comments | Continued