Archive for April, 2010
(SVU) SUPERVALU Fourth Quarter 2010 Beats by a Penny
SUPERVALU Inc. (SVU) reported results for the fourth quarter of fiscal 2010 with earnings of 62 cents per share. Earnings were a penny above the Zacks Consensus Estimate of 61 cents, and were an improvement on the loss of 95 cents in the prior-year quarter. Net sales for the...
21Apr2010 | vitalstocks | 0 comments | Continued(AKS) AK Steel Corporation Matches Consensus Estimates
AK Steel Corp. (AKS) reported first-quarter 2010 results. The company swung to a net income of $1.9 million from a net loss of $73.4 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 25 cents, which matched the Zacks Consensus Estimate,...
21Apr2010 | vitalstocks | 0 comments | Continued(PCAR) PACCAR Reports First Quarter Profits More than Double
PACCAR Inc. (PCAR) has reported a profit of $68.3 million or 19 cents per share in the first quarter of 2010, which is more than double compared to $26.3 million or 7 cents per share in the prior-year quarter. With this, the truck maker also surpassed the Zacks Consensus Estimate...
21Apr2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s 2010 First Quarter Earnings Beat Consensus
Moody’s Inc.’s (MCO) first-quarter 2010 earnings beat the Zacks Consensus Estimate of 44 cents per share. Excluding restructuring charges, quarterly earnings stood at 47 cents per share, up 14.6% from 41 cents reported in the year-ago period. The results reflected a strong...
21Apr2010 | vitalstocks | 0 comments | Continued(GCI) Gannett Incorporated – Earnings Surprised for the 4th Quarter in a Row
Gannett Inc. (GCI) is in a sector most investors have loved to hate in the last few years: media. But with a forward P/E of just 8.2, the stock has attractive value characteristics. It is also a Zacks #1 Rank (strong buy) stock. Newspapers, Magazines, Web Sites, Broadcasting Gannett...
21Apr2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Once Again Tops Earnings Consensus
The least surprising news of the day has got to be that Apple Inc. (AAPL) beat the Zacks Consensus Estimate…again. This is something that the PC staple has been doing for years now, and is nowhere near as exciting a story as the top secret iPhone that was left at a bar...
21Apr2010 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley First Quarter 2010 Far Exceeds Estimates
Morgan Stanley (MS) reported first quarter 2010 operating net income of $1.8 billion or $1.03 per share, compared to a net loss of $17 million or 41 cents per share in the year-ago quarter. The results were substantially ahead of the Zacks Consensus Estimate of 59 cents per share....
21Apr2010 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories Lowers Forward Guidance After Earnings Beat
Abbott Laboratories (ABT) reported first quarter earnings of 81 cents per share, a penny above the Zacks Consensus Estimate and at the high end of the guidance provided by the company. First quarter 2010 earnings were negatively impacted by 3 cents due to U.S. health care reform....
21Apr2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Passes Earnings Estimates
Before markets opened today, Lockheed Martin Corporation (LMT) reported strong first quarter fiscal 2010 results and revised its fiscal outlook. In the reported quarter with an EPS of $1.45, the company topped the Zacks Consensus Estimate of $1.35. However, this was lower than...
21Apr2010 | vitalstocks | 0 comments | Continued(DGX) Quest Diagnostics Beats Expectations but Revenues are Unchanged
Quest Diagnostics (DGX) reported first quarter fiscal 2010 earnings per share (EPS) of 89 cents, unchanged from the year-ago period. However, excluding the impact of severe weather conditions and charges associated with workforce reduction Quest’s EPS came in at $1.00, beating...
21Apr2010 | vitalstocks | 0 comments | Continued(HSP) Hospira Announces Intentions to Acquire Javelin Pharmaceuticals
Recently, Hospira (HSP) announced its intention to acquire Javelin Pharmaceuticals (JAV) for $2.20 per share or approximately $145 million. Hospira expects to initiate the tender offer for all the outstanding shares of Javelin shortly. The acquisition of Javelin will provide...
21Apr2010 | vitalstocks | 0 comments | Continued(PNRA) Panera Bread Raises First Quarter 2010 Outlook
Panera Bread Co. (PNRA), a leading retail bakery-café operating company, has raised its earnings outlook for first quarter fiscal 2010 as well as for the entire fiscal year, based on strong comparable bakery-café sales growth. While the prospects of many of its peers continue...
21Apr2010 | vitalstocks | 0 comments | Continued(T) AT&T Earnings Report Beats – Net Income Fell 20.8% Year-Over-Year
AT&T (T) has announced first-quarter 2010 results, with adjusted earnings per share (EPS) of 59 cents beating the Zacks Consensus Estimate of 55 cents and the year-ago quarter EPS of 53 cents. “Ma Bell” has posted a 6% positive earnings surprise in 3 of the previous...
21Apr2010 | vitalstocks | 0 comments | Continued(LXK) Lexmark International Offers Federal Government Solutions
Leading printing and imaging product manufacturer Lexmark International Inc. (LXK) recently announced the formation of a division called Lexmark Government solutions, specially targeted to sell the company’s products to federal government agencies. The new department will be...
21Apr2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Fourth Quarter Report Misses Expectations
Northern Trust Corp.’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents. Last year, the company reported a gain of 61 cents per share. Earnings benefited mainly from a decrease in loan loss provisions. Net interest income...
21Apr2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Extends Tender Offer
Merge Healthcare Inc. (MRGE) has recently extended the tender offer for all of the outstanding shares of AMICAS Inc. (AMCS) common stock till Apr 23, 2010, unless further extended. The company has already received roughly 89.8% of AMICAS’ common stock till the scheduled expiration...
21Apr2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo’s First Quarter Report Beats Estimates
Wells Fargo & Co.’s (WFC) first quarter 2010 operating earnings per share was 50 cents, topping the Zacks Consensus Estimate of 42 cents. Net income applicable to common stock came in at $2.55 billion or 45 cents per share compared to $3.05 billion or 56 cents in the...
21Apr2010 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Corporation to Drill Off Indonesia
Houston-based integrated oil major Marathon Oil Corporation (MRO) said that it will start drilling operations on the Pasang Kayu oil and gas block in Indonesia in the second quarter of 2010. Pasang Kayu is a potential oil and gas block holding approximately 1 billion barrels...
21Apr2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Enters Deal With Bladder Health Network
Boston Scientific Corp. (BSX) recently entered into a four-year exclusive marketing agreement with Bladder Health Network (BHN). As per the agreement, the Urology and Women’s Health division of Boston Scientific will market BHN’s female urodynamic testing solutions...
21Apr2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Beats Consensus Estimates
St. Jude Medical, Inc. (STJ) reported strong financial results for the first quarter of fiscal 2010. For the first quarter, earnings per share came in at 75 cents, beating the Zacks Consensus Estimate of 68 cents and the year-ago profit of 58 cents. Sales Total revenue in the...
21Apr2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Announces Bad News for Lupus Candidate
Recently, Human Genome Sciences, Inc. (HGSI) announced that its potential blockbuster lupus drug candidate Benlysta (belimumab) failed to meet its secondary goals in a late-stage trial BLISS-76. Human Genome and GlaxoSmithKline plc (GSK) are co-developing Benlysta for treating...
21Apr2010 | vitalstocks | 0 comments | Continued(BCE) BCE Incorporated Analyst Upgrades to Outperform
We have upgraded our recommendation for BCE Inc. (BCE) to “Outperform” based on the operator’s favorable outlook for fiscal 2010, which reflects encouraging prospects across its wireless and wireline broadband businesses. BCE Inc. is Canada’s largest telecom carrier...
21Apr2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec’s Earnings Report Misses Consensus
Biogen Idec Inc. (BIIB) reported first-quarter earnings per share of $1.04, a cent above the year-ago figure of $1.03 but well below the Zacks Consensus Estimate of $1.12. Excluding the impact of stock-based compensation expense, earnings came in at $1.08 per share. Despite an...
21Apr2010 | vitalstocks | 0 comments | Continued(HOG) Harley-Davidson Report Cruises Past Earnings Estimates
Harley-Davidson (HOG) has witnessed a profit of $68.7 million or 29 cents per share in the first quarter of 2010, outperforming the Zacks Consensus Estimate of 26 cents per share. However, profits were lower than $128.1 million or 55 cents per share in the year-ago quarter. Revenue...
21Apr2010 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Reports Earnings Short of Consensus
The Bank of New York Mellon Corporation’s (BK) first-quarter earnings from continuing operations of 49 cents per share came in slightly below the Zacks Consensus Estimate of 53 cents. However, this compares favorably with earnings of 31 cents in the year-ago quarter. BNY Mellon...
21Apr2010 | vitalstocks | 0 comments | Continued(CSX) CSX Corporation – Earnings Estimates Charging Higher
CSX Corporation (CSX) is expected to grow its earnings per share 21.5% in 2010, 19.2% in 2011, and 10.4% over the next three to five years. The stock also offers investors a dividend yield of 1.8%. This Zacks #2 Rank stock trades at 15.8x 2010 consensus EPS estimates and 13.3x...
21Apr2010 | vitalstocks | 0 comments | Continued(USB) U.S. Bancorp Earnings Report Matches Estimates
U.S. Bancorp (USB) has reported first quarter earnings of $669 million or 34 cents per share, in line with the Zacks Consensus Estimate. The results compare favorably with the prior quarter’s earnings of $602 million or 30 cents per share and the prior-year quarter’s earnings...
21Apr2010 | vitalstocks | 0 comments | Continued(PVSW) Pervasive Software Earnings Beat Estimates
Pervasive Software Inc. (PVSW) reported revenues of $11.7 million in the third quarter of 2010, down 10% from a year ago. Results for the year-ago quarter included one relatively large transaction with a database customer representing approximately $3.0 million in revenue. In...
21Apr2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Expands FiOS Bundled Services Portfolio
Verizon (VZ) has expanded its FiOS bundled service portfolio with the launch of its latest triple-play (voice, Internet and video) service for its FiOS TV subscribers following both English and Spanish language program channels. The new service package, called La Conexion FiOS...
21Apr2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Joins Hands with Intec
Computer Sciences Corporation (CSC), an information technology (IT) services company, recently entered into a strategic alliance with business support systems (BSS) solutions provider Intec (ITL). The company is trying to unlock the potential of the BSS market, and expects that...
21Apr2010 | vitalstocks | 0 comments | Continued