Archive for April, 2010
(OMAB) Grupo Aeroportuario del Centro Norte’s First Quarter Traffic Decreases
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has announced the total passenger traffic for the month of March 2010. During the month, passenger traffic slipped 2.4% year over year, with domestic passenger traffic decreasing 3.0%. However, international passenger...
18Apr2010 | vitalstocks | 0 comments | Continued(UFPI) Universal Forest Products’ Business is Improving
Universal Forest Products, Inc. (UFPI) reported encouraging results for the first quarter of fiscal 2010. During the quarter, the company reported net earnings of $1.0 million from a net loss of $1.3 million in the same quarter of fiscal 2009. EPS was 5 cents compared to net...
18Apr2010 | vitalstocks | 0 comments | Continued(CBSH) Commerce Bancshares’ Reports Earnings Meet Expectations
Commerce Bancshares Inc. (CBSH) reported its first quarter 2010 earnings of $44.2 million or 53 cents per share, compared with $49.6 million or 60 cents per share in the prior quarter and $30.8 million or 38 cents per share in the year-ago period. The results in the reported...
18Apr2010 | vitalstocks | 0 comments | Continued(PFWD) Oracle Announces Plans to Acquire Phase Forward Incorporated
Phase Forward Incorporated (PFWD) announced that it will be acquired by software and hardware giant Oracle Corp. (ORCL) for $17.00 per share in cash, or approximately $685 million. Phase Forward provides software products, services and hosted solutions for use in global clinical...
18Apr2010 | vitalstocks | 0 comments | Continued(MAT) Mattel Turns Around and Posts Profit
Mattel Inc. (MAT) has reported first quarter earnings of 7 cents per share. It is quite a revelation, considering that the company was expected to report a loss of 2 cents per share according to the Zacks Consensus Estimate. The company had incurred a loss of 14 cents in the...
18Apr2010 | vitalstocks | 0 comments | Continued(CBST) Cubist Pharmaceuticals Misses Expectations – Revenues Move Up
Cubist Pharmaceuticals (CBST) reported earnings per share of 34 cents for the first quarter of 2010 compared to 13 cents in the year-ago period. Last year’s quarter included a $20 million charge related to the upfront payment made under an exclusive agreement to Alnylam Pharmaceuticals...
18Apr2010 | vitalstocks | 0 comments | Continued(MGM) MGM Mirage to Report Earnings Loss
Recently, MGM Mirage (MGM) announced that it would report a loss in the first quarter as a result of an impairment charge associated with CityCenter, its joint venture project with Dubai World, the real estate investment company of the Dubai government. Additionally, the company...
18Apr2010 | vitalstocks | 0 comments | Continued(SNTS) Less Zegerid, More Glumetza
Yesterday, shares of San Diego specialty pharmaceutical company Santarus (SNTS) sank by 33% on news that a U.S. Federal Court for the District of Delaware has ruled that five patents covering the company’s Zegerid product are invalid due to obviousness. Zegerid, the company’s...
18Apr2010 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Hires New Rig for Norwegian Continental Shelf
Norwegian state-owned integrated oil and gas company Statoil ASA (STO) has signed a five-year contract with Seadrill Management for a newly built jack-up for the development of the Norwegian Continental Shelf (NCS). The value of this contract is $650 million. Currently under...
18Apr2010 | vitalstocks | 0 comments | Continued(LUK) Leucadia National Corporation Analyst Initiates Coverage at Neutral
We have initiated coverage on Leucadia National Corporation (LUK) with a “Neutral” recommendation. The company is engaged in manufacturing, telecommunications, oil and gas drilling services, property management and services, gaming entertainment, real estate activities,...
18Apr2010 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Corporation Beats Earnings Expectations
First Horizon National Corporation (FHN) reported first quarter net loss of 12 cents, better than the Zacks Consensus Estimate of a loss of 16 cents. The company has also narrowed its loss from the prior-year period’s loss of 32 cents. The better-than-expected results were...
18Apr2010 | vitalstocks | 0 comments | Continued(TITN) Titan Machinery’s Fourth Quarter Earnings Report Misses Expectations
Titan Machinery Inc. (TITN) reported fiscal 2010 fourth-quarter results yesterday. The company posted a 6.1% growth in net income to $3.4 million or 19 cents per share, up from $3.2 million or 18 cents per share in the year-ago period. However, quarterly EPS came in way behind...
18Apr2010 | vitalstocks | 0 comments | Continued(GPC) Genuine Parts Company Inches Past Estimates
Genuine Parts Company (GPC) has posted a 13% rise in profit to $100.6 million or 63 cents per share in the fourth quarter of 2009 from $89.2 million or 56 cents in the prior-year quarter. With this, the company has just exceeded the Zacks Consensus Estimate of 62 cents per share....
18Apr2010 | vitalstocks | 0 comments | Continued(CBE) Cooper Industries Acquires Eka Systems
Cooper Industries plc (CBE) announced the takeover of Germantown , MD -based Eka Systems, Inc., a provider of secure, reliable and adaptive RF wireless networking technologies for smart grid communication applications. Financial details and other terms of the transaction are...
18Apr2010 | vitalstocks | 0 comments | Continued(OMCL) Omnicell Incorporated – Bull of the Day
Hospital services like those provided by Omnicell, Inc. (OMCL) should exhibit strong growth over the long-term, benefiting from favorable demographic trends, regulatory environments and a lack of nursing staff. The market also remains underpenetrated. Moreover, the U.S. government’s...
18Apr2010 | vitalstocks | 0 comments | Continued(MSM) MSC Industrial Direct Company – Recovery in Early Stages
MSC Industrial Direct Co. (MSM) continues to beat expectations and raise guidance for the next quarter. This Zacks #2 Rank stock is expected to grow its earnings per share at 17.6% per year for the next three to five years, while providing a current dividend yield of 1.4% Investment...
18Apr2010 | vitalstocks | 0 comments | Continued(ALV) Autoliv Incorporated – Analysts Have Been Raising Estimates
Autoliv Inc. (ALV) is hitting new 52-week highs but the stock isn’t altogether expensive. It is trading at just 12.4x forward earnings which makes it a value stock and puts it well below the average of the S&P 500 . Why is Autoliv so hot? Autoliv manufactures safety...
18Apr2010 | vitalstocks | 0 comments | Continued(GFRE) Gulf Resources Incorporated – Bullish Outlook
Gulf Resources, Inc. (GFRE) just raised its full-year outlook, which pushed shares to breakout of a bearish trend. Additionally, shares are trading with great valuations. Company Description Gulf Resources make bromine, crude salt and other chemicals through 2 wholly-owned subsidiaries....
18Apr2010 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Corporation Strikes Again – Offers $3.8 Billion
The war between Peabody Energy Corporation (BTU) and Australia’s New Hope Corporation for the takeover of Macarthur Coal Limited is in full swing. Peabody Energy again raised its Macarthur bid to $3.8 billion, in response to New Hope’s raised proposal which includes a cash...
18Apr2010 | vitalstocks | 0 comments | Continued(HON) Honeywell International Gets China Aviation Contract
Honeywell International Inc. (HON) announced that it has been selected by Commercial Aircraft Corporation of China Ltd. (“COMAC”) to supply its 131-9[C9C] Auxiliary Power Unit (APU) and associated equipment for the C919 single-aisle commercial airliner. The new APU design...
18Apr2010 | vitalstocks | 0 comments | Continued(EQT) EQT Corporation Analyst Upgrades to Neutral
We have recently upgraded EQT Corporation (EQT) to “Neutral” from “Underperform”. EQT is an integrated energy company with an emphasis on natural gas supply activities in the Appalachian area Incorporatedluding production and gathering, natural gas distribution...
18Apr2010 | vitalstocks | 0 comments | Continued(HPQ) First Quarter PC Shipments Grow
As per the latest data published by the technology research firms IDC and Gartner Inc., global computer shipments increased more than 20.0% in the first quarter of 2010. More precisely, Gartner published a figure of 27.4%, while IDC concluded the growth rate to be 24.2%. These...
18Apr2010 | vitalstocks | 0 comments | Continued(WFSL) Washington Federal Pases Estimates – Gains from Acquisition
Washington Federal’s (WFSL) second-quarter (ended March 31, 2010) earnings of 73 cents per share substantially surpassed the Zacks Consensus Estimate of 11 cents. Results were helped by significant gains from its acquisition of Horizon, a failed bank based in Bellingham, Washington...
18Apr2010 | vitalstocks | 0 comments | Continued(MAR) Marriott International Has Been on Fire
A stock that has really been on fire is Marriott International, Inc. (MAR) which operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International...
18Apr2010 | Shawn | 0 comments | Continued(SNY) Sanofi-Aventis Presents Encouraging Data on Diabetes Candidate Drug
Sanofi-Aventis (SNY) recently presented encouraging top-line data on its type II diabetes candidate, lixisenatide (AVE0010), from its GetGoal phase III clinical program. Results showed that treatment with lixisenatide resulted in a significant reduction in HbA1c levels compared...
18Apr2010 | vitalstocks | 0 comments | Continued(MCHP) Microchip Technology Analyst Upgrades to Outperform
We have upgraded our rating to Outperform from Neutral on Microchip Technology Inc. (MCHP). Microchip recently increased its guidance for its fiscal fourth quarter of 2010, driven by increased demand from customers in Asia and Europe. China, in particular, continues to be strong...
18Apr2010 | vitalstocks | 0 comments | Continued(GE) General Electric Beats Earnings Expectations on Lower Revenues
General Electric Company (GE) announced earnings from continuing operations of 21 cents for the first quarter of 2010, ahead of the Zacks Consensus Estimate of 16 cents. Revenues were $36.6 billion for the quarter, down 5% from a year ago, which reflects the effects of GE Capital...
18Apr2010 | vitalstocks | 0 comments | Continued(AMD) Advanced Micro Devices Tops Expectations – Guidance Soft
Advanced Micro Devices (AMD) reported first quarter earnings of 8 cents a share (excluding the impact of GlobalFoundries), beating the Zacks Consensus estimate of a loss of 9 cents. Revenue of $1.57 billion beat by 2.5%. Beginning in the first quarter of 2010, AMD started reporting...
18Apr2010 | vitalstocks | 0 comments | Continued(T) AT&T Earnings Preview
AT&T (T) is slated to release its first quarter 2010 results on Wednesday, Apr 21, 2010. Ma Bell has not released any financial forecast for the quarter. The current Zacks Consensus Estimate for the first-quarter is 54 cents, representing a 2.25% annualized growth. AT&T recorded...
18Apr2010 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Sells Assets to Joint Venture
Duke Realty Corp. (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S., recently sold three office buildings in Perimeter Park in Morrisville, North Carolina. The assets were sold...
18Apr2010 | vitalstocks | 0 comments | Continued