Archive for April, 2010
(GD) General Dynamics Earnings Report Tops Consensus
General Dynamics Corporation (GD) in the first quarter of fiscal 2010 beat the Zacks Consensus earnings (EPS) estimate by 3 cents to reach $1.54, in line with the year-ago quarterly earnings. On a reported basis Incorporatedluding one-time items, earnings came in at $1.53 in...
29Apr2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Moves Into Smart Phones, Buying Palm
The world’s largest computer maker Hewlett-Packard Company (HPQ) disclosed on Wednesday that it would be taking over the ailing smartphone company Palm Inc. (PALM) for $1.2 billion. This represents a whopping 53.6% premium to its market capitalization at the end of the day. The...
29Apr2010 | vitalstocks | 0 comments | Continued(S) Sprint Nextel Earnings Preview
Sprint Nextel (S) is slated to report first-quarter 2010 results on Wednesday, April 28, 2010, ahead of the opening bell. The third-largest U.S. wireless carrier has not released any financial forecasts for the quarter. The current first quarter Zacks Consensus Estimate is a...
27Apr2010 | vitalstocks | 0 comments | Continued(XOM) First Quarter Earnings Spectacular So Far
Key Points: • Great earnings season. So far 34.6% (173) of S&P 500 have reported; early surprise ratio 5.74 and early median surprise 7.29%. • Earnings of reported firms up 29.2% year over year, but down 0.5% sequentially. Those same firms had year-over-year...
27Apr2010 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Earnings Beat The Street – Extended Comment
Microsoft Corporation (MSFT) reported third quarter 2010 earnings that beat the Zacks Consensus Estimate by 3 cents, or 7.14%. Revenue was basically in line, beating by 0.4%. Revenue Revenue of $14.5 billion was down 23.8% sequentially and up 6.3% year over year. The sequential...
27Apr2010 | vitalstocks | 0 comments | Continued(CRL) Charles River Laboratories International Reports Short of Consensus
Charles River Laboratories International Inc.’s (CRL) first quarter 2010 earnings (excluding special items) of 45 cents per share fell short of the Zacks Consensus Estimate of 47 cents. This was 22.4% below the year-ago earnings (excluding special items) of 58 cents. On a reported...
27Apr2010 | vitalstocks | 0 comments | Continued(DOW) Earnings Preview – Economic Data
Earnings Preview 4/23/10 Earnings season will be in full gear next week as more than 900 firms report Incorporatedluding 167, or more than a third of the firms in the S&P 500. The list of companies reporting reads like a who’s who list of U.S industry Incorporatedluding ...
27Apr2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Analyst Downgrades to Underperform
We downgrade our recommendation for Nippon Telegraph & Telephone Corp. (NTT) to “Underperform” ahead of its fourth quarter of fiscal 2010 financial results. We remain concerned regarding the less-than-anticipated sales of mobile handsets due to weak economic conditions...
27Apr2010 | vitalstocks | 0 comments | Continued(KG) King Pharmaceuticals Announces FDA Panel Votes Against Acurox
The US Food and Drug Administration’s (FDA) advisory panel recently withheld the approval for opioid candidate, Acurox, used in treating moderate to severe pain. Acurox is an orally administered tablet containing oxycodone HCl as an active analgesic ingredient, niacin as an...
27Apr2010 | vitalstocks | 0 comments | Continued(IBN) ICICI Bank Limited Reports Earnings Rise
ICICI Bank Limited (IBN) reported 2010 fiscal fourth quarter and full fiscal year (ended March 31) last week. For the fourth quarter, profit increased 35% year over year to INR10.06 billion (US$224 million). For full fiscal year 2010, ICICI Bank reported a profit of INR40.25...
27Apr2010 | vitalstocks | 0 comments | Continued(SHLD) Sears Holdings Corporation Raises Stake in Sears Canada
Sears Holdings Corporation (SHLD), a leading retail company in the U.S., has recently bought 18.7 million shares or approximately 17.3% of Sears Canada from Pershing Square Capital Management L.P., a New York-based hedge fund sponsor, for C$30 each. With the deal, Sears Holdings...
27Apr2010 | vitalstocks | 0 comments | Continued(LO) Lorillard’s Earnings Report Beats Estimates
Lorillard Inc. (LO) reported results for the first quarter of fiscal 2010 with earnings of $1.50 per share. Earnings were above the Zacks Consensus Estimate of $1.22 and were up 37.6% year over year. Net sales for the quarter (including the excise tax) increased 32.6% year over...
27Apr2010 | vitalstocks | 0 comments | Continued(JPM) Seven More U.S. (Chicago-Area) Banks Fail
U.S. regulators on Friday shuttered seven more banks in Illinois, pushing up U.S. bank failures to 57 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.??Although the economy is showing signs of a gradual recovery with...
27Apr2010 | vitalstocks | 0 comments | Continued(CAT) Caterpillar First Quarter Earnings Outperform
Caterpillar Inc. (CAT) reported encouraging results for the first quarter of fiscal 2010 with EPS of 50 cents from 39 cents in the year-ago quarter. Net earnings were $233 million, up from $230 million in the first quarter of fiscal 2009. The increase was driven by a decline...
27Apr2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation Makes New Leases in Germany
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 191,400 square feet of its development portfolio in Hamburg, Germany. The unnamed lessee – a leading forwarding and logistics provider, would occupy the space in AMB Hausbruch...
27Apr2010 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Group – First Quarter Revenue Rises
UnitedHealth Group (UNH) recently reported first quarter results that surprised on the Zacks Consensus Estimate by 51.5%. The health insurer, however, is out of favor with investors, trading at just 9.3x forward earnings. UnitedHealth provides health insurance to 75 million individuals...
27Apr2010 | vitalstocks | 0 comments | Continued(DIN) DineEquity Incorporated – Revenues / Estimates Flat
DineEquity, Inc. (DIN) has been blasting higher for the last few months, recently hitting a new multi-year high as retail sales and consumer sentiment show signs of improvement. The company has strong earnings momentum going into its May 5, Q1 results, with an average earnings...
27Apr2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Corporation – Bull of the Day
Given the robust signs of fundamental improvement, we are upgrading our recommendation on Union Pacific (UNP) to Outperform. The company’s first-quarter earnings were well ahead of the Zacks Consensus Estimate. Results were also favorable compared with the prior-year quarter. Earnings...
27Apr2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Announces Aquisition of Invatec
Medtronic, Inc. (MDT) recently completed the acquisition of Invatec and two of its affiliated companies for an initial payment of $350 million and additional payments of up to $150 million based on Invatec’s achievement of specific milestones. The two affiliated companies are...
27Apr2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer Sees Another Setback for Sutent
Pfizer Inc.’s (PFE) Sutent faced yet another development setback when the company announced the discontinuation of a phase III study with the candidate for the treatment of liver cancer (advanced hepatocellular carcinoma). Pfizer halted the trial based on a review conducted...
27Apr2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Wins $114 Million Navy Contract
Northrop Grumman Corporation (NOC) was awarded a U.S. Navy modification contract valued at $114 million to provide long lead materials for the DDG 51 program. This is a modification of a contract worth $171 million awarded by the U.S. Navy for long lead material purchases in...
27Apr2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone – Bear of the Day
We downgrade our recommendation for Nippon Telegraph & Telephone (NTT) to Underperform ahead of its fourth quarter of fiscal 2010 financial results. We remain concerned regarding the less-than-anticipated sales of mobile handsets due to weak economic conditions in Japan,...
27Apr2010 | vitalstocks | 0 comments | Continued(BWA) Indian 3G Wireless Spectrum Auction to Make $11 Billion $$
India’s 3G and broadband wireless access (BWA) spectrum (radio airwave) auctions are expected to earn more than INR500 billion (US$11.2 billion) in revenues, based on recent information from the country’s Department of Telecommunications (DoT). This represents a marked increase...
27Apr2010 | vitalstocks | 0 comments | Continued(ALK) Alaska Air Group – Earnings Expected to Double
Alaska Air Group (ALK) analysts continue to submit bullish estimate revisions. Earnings are expected to double, but shares are still a good value. Company Description Alaska Air Group flies to almost 100 cities throughout North America. The company provides passenger, as well...
27Apr2010 | vitalstocks | 0 comments | Continued(RSH) RadioShack First Quarter Earnings Beat
RadioShack Corp. (RSH) has declared better-than-expected first quarter 2010 financial results. Comparable store sales for company-operated stores and kiosks (stores and kiosks opened at least a year) grew 4.7% year-over-year. This is a key retail performance indicator measuring...
27Apr2010 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com Beats Earnings Expectations
Maybe Amazon.com, Inc.‘s (AMZN) first-quarter report will help this Zacks #3 Rank (‘hold’) company improve its ranking. It would require analysts to boost their estimates, so we’ll have to wait and see if they got what they needed. The online retail staple...
22Apr2010 | vitalstocks | 0 comments | Continued(GS) AAII Investor Update – Be Mad At Wall Street – April 22, 2010
The question I’ve routinely been asked since last Friday is “what do you think about Goldman?” My answer is the only shocking event was that Goldman Sachs (GS) was actually accused of having its hand in the cookie jar. This is not to say that GS is guilty, but the...
22Apr2010 | Shawn | 0 comments | Continued(ABC) AmerisourceBergen Beats Forecasts – Raises Outlook Again
AmerisourceBergen Corp. (ABC) posted second quarter fiscal 2010 earnings of 63 cents per share, beating the Zacks Consensus Estimate by 8 cents. Earnings increased 34% from the year-ago period. Performance was driven by strong revenues, successful generic drug launches, and continued...
22Apr2010 | vitalstocks | 0 comments | Continued(MAR) Marriott International’s Earnings Report Beats – Outlook Positive
Marriott International (MAR) has reported first quarter earnings of 22 cents per share, 2 cents ahead of the Zacks Consensus Estimate of 20 cents. Results were also above the company’s guidance of 15 cents to 21 cents issued at the time of the fourth quarter earnings release...
22Apr2010 | vitalstocks | 0 comments | Continued(NYT) The New York Times Company’s Earnings Jump
The New York Times Company (NYT) has posted better-than-expected first-quarter 2010 results that topped Zacks expectations on the heels of significant cost-cutting measures, newspaper price increase and improving trends in the advertising environment. The quarterly earnings of...
22Apr2010 | vitalstocks | 0 comments | Continued