Archive for April, 2010
(MI) Marshall & Ilsley Corporation Reports Smaller Loss
Marshall & Ilsley Corporation’s (MI) first-quarter loss of 27 cents per share was substantially lower than the Zacks Consensus Estimate of a loss of 40 cents per share. This also compares favorably with the loss of 44 cents in the prior-year quarter. Results for the reported...
21Apr2010 | vitalstocks | 0 comments | Continued(EAT) Brinker International Earnings Report Misses Estimates
Brinker International, Inc. (EAT), the operator of Chili’s Grill & Bar and Maggiano’s restaurants, recently posted lower-than-expected third-quarter 2010 results hurt by adverse weather conditions and costs related to the roll-out of new Chili’s menu. The quarterly...
21Apr2010 | vitalstocks | 0 comments | Continued(GS) Financial Fallout – Three Sectors Are Set to Prosper
Just as Wall Street’s 13-month rally was cruising along uninterrupted, the SEC’s charges against Goldman Sachs (NYSE: GS) detonated like a bomb last Friday and potentially shoved a wrench into the works. Combine this latest scandal with that pesky Icelandic volcano wreaking...
21Apr2010 | InvestmentU | 0 comments | Continued(RNOW) RightNow Technologies – Wide Margins and a Strong Balance Sheet
RightNow Technologies, Inc. (RNOW) recently hit a new 52-week high as the company’s business continues to rebound on better corporate IT spending and capturing market share from its competitors. RightNow’s Q1 results from early February came in well ahead of expectations. Company...
21Apr2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Corporation Earnings Preview – Solid Market Foothold
Nokia Corp. (NOK), the largest mobile phone manufacturer of the world, will declare its first quarter 2010 financial results on April 22, before the market opens. As on date, Nokia commands the majority market share (39%) of mobile phones throughout the world and is way ahead...
21Apr2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Beats Expectations – Analysts Maintain Neutral
Yahoo! Inc. (YHOO) reported first quarter earnings that beat the Zacks Consensus Estimate by 7 cents. Revenue beat by 36.7%. Google’s (GOOG) results also thrashed estimates last week, as both companies see continued ad market recovery and several large spenders coming back. Revenue Gross...
21Apr2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Gets Setback From Partner Novartis AG
Recently, Human Genome Sciences Inc. (HGSI) received a setback when the Marketing Authorization Application (MAA) for its hepatitis C candidate Joulferon (albinterferon alfa-2b) was withdrawn by its partner Novartis AG (NVS). Novartis, with whom Human Genome entered into an exclusive...
21Apr2010 | vitalstocks | 0 comments | Continued(BA) Boeing First Quarter 2010 Earnings Fly Above Consensus
Boeing Company (BA) overcame market pessimism, showing resilience in its core businesses with first quarter fiscal 2010 earnings of 70 cents per share, outpacing the Zacks Consensus Estimate of 64 cents. The company, like its defense Goliath peer Lockheed Martin Corporation (LMT),...
21Apr2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! First Quarter 2010 Earnings Beat Soundly on Ad Growth
Yahoo! Inc. (YHOO) posted its first major positive earnings surprise in the past 4 quarters when it released first quarter 2010 earnings of 22 cents per share, on revenues of $1.6 billion (not including advertising commission payouts). This more than doubled the Zacks Consensus...
21Apr2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Earnings Report Beats Estimates Yet Again
Apple Inc.’s (AAPL) second-quarter of 2010 results (both earnings and revenue) beat the bullish Zacks Consensus Estimates, fueled by strong iPhone sales (which more than doubled in the quarter due to strong international demand) Incorporatedreased Mac sales, success of its...
21Apr2010 | vitalstocks | 0 comments | Continued(DRI) Darden Restaurants Incorporated – Bull of the Day
Darden Restaurants (DRI) boasts a unique position due to its strong value proposition, menu improvements and excellent unit-level execution with differentiated brands. The company’s balanced portfolio provides a greater diversification in sales and cost synergies. The company...
21Apr2010 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation – Bear of the Day
SINA Corp. (SINA) has provided a weak outlook for the first quarter of 2010, as a result of slowdown in the Chinese economy, the global financial and credit market crisis and low visibility for its advertising business. The competition within the online advertising business in...
21Apr2010 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Reports Earnings and Sales Jump
McDonald’s Corporation (MCD) has posted robust first-quarter 2010 results, driven by value offerings and premium products and a rise in comparable-store sales across all regions, sending the stock up 31 cents or 0.4% to $70.65 in pre-market trading. The quarterly earnings of...
21Apr2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Beats Consensus Estimate
Stryker Corporation (SYK) reported results for the first quarter of fiscal 2010. Earnings per share were 80 cents, surpassing the Zacks Consensus Estimate of 78 cents and the year-ago earnings of 71 cents. Sales Total revenues in the first quarter increased 12.4% year over year...
21Apr2010 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals Narrows Loss
Amylin Pharmaceuticals (AMLN) reported a net loss of 27 cents per share in the first quarter of 2010, a cent below the Zacks Consensus Estimate and well below the year ago loss of 34 cents. Lower expenses helped the company narrow its loss despite a decline in revenues. Total...
20Apr2010 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group Buys Natural Gas Facilities
Constellation Energy Group Inc. (CEG) signed an agreement with Houston-based Navasota Holdings to purchase two natural gas combined-cycle generation facilities in Texas for $365 million. The transaction includes the Colorado Bend Energy Center, a 550-megawatt facility near Wharton,...
20Apr2010 | vitalstocks | 0 comments | Continued(APOL) Apollo Group Subsidiary Extends Network
In an asset transfer transaction, Apollo Group Inc. (APOL) – a leading private education company in the world, has recently added the Western International University to the education network of its majority-owned subsidiary Apollo Global Inc. The transaction would enable Apollo...
20Apr2010 | vitalstocks | 0 comments | Continued(STZ) Constellation Brands Announces Plans to Buyback Shares
Constellation Brands Inc. (STZ), the largest wine company in the world, has recently revealed plans to buyback 11 million shares for approximately $300 million. The repurchase deal would be made through Goldman Sachs Group Inc. (GS). Constellation will finance the repurchase...
20Apr2010 | vitalstocks | 0 comments | Continued(DRI) Darden Restaurants Analyst Upgrades Stock to Outperform
We have recently upgraded our recommendation on Darden Restaurants, Inc. (DRI) to Outperform from Neutral with a target price of $52.00. Boasting a unique position due to its strong value proposition, menu improvements, and excellent unit-level execution with differentiated brands,...
20Apr2010 | vitalstocks | 0 comments | Continued(APH) Amphenol Earnings Report Beats Expectations
Amphenol Corp. (APH) reported sales of $771.0 million in the first quarter of 2010, up 17% from a year ago. Currency translation effect positively impacted sales by approximately 2% or $15 million in the first quarter of 2010, compared to the year-ago quarter. Based in Connecticut...
20Apr2010 | vitalstocks | 0 comments | Continued(ETN) Eaton Corporation Surpasses Consensus Estimates
Electrical equipment maker Eaton Corp. (ETN) reported better-than-expected first-quarter 2010 results, helped by surging sales and cost cuts amid a rebounding global economy. Earnings per share, excluding the impact of acquisition integration charges and the non-cash tax charge...
20Apr2010 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular SA Beats the Street
Millicom International Cellular SA (MICC) has announced first quarter 2010 financial results. Quarterly total revenue of $905 million was an improvement of 16% year-over-year but down 2% sequentially. First quarter revenue of $905 million was also better than the Zacks Consensus...
20Apr2010 | vitalstocks | 0 comments | Continued(PLCM) Polycom Earnings Preview – Strong Market Demand
The unified collaborative communications (popularly known as video conferencing) market is going through consolidation phase. Polycom Inc. (PLCM) remains the only pure play video conferencing solutions provider which is yet to collaborate with another company. The company will...
20Apr2010 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Launches Syrian Project
Canada’s Suncor Energy Inc. (SU) announced the start-up of its Syria-based Ebla onshore natural gas project. The C$1.2 billion development, inherited through Suncor’s acquisition of Petro-Canada last year, started selling natural gas into Syria’s domestic market with the...
20Apr2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Beats Expectations but Lowers Forecast
Johnson & Johnson (JNJ) reported first quarter 2010 earnings per share (EPS) of $1.62, which included an after-tax gain of $910 million arising from litigation. However, excluding this item, the company reported EPS of $1.29, exceeding the Zacks Consensus Estimate by a couple...
20Apr2010 | vitalstocks | 0 comments | Continued(PH) Parker Hannifin Report Strongly Tops Estimates
Parker Hannifin Corp. (PH) reported earnings per share from continuing operations of 94 cents for the third quarter of 2010, exceeding the Zacks Consensus Estimate of 76 cents. Fiscal 2010 third quarter revenues were $2.6 billion, an increase of 11.0% compared with the second...
20Apr2010 | vitalstocks | 0 comments | Continued(AES) AES Corporation – $400 Million of its Outstanding Senior Secured Notes
AES Corporation (AES) announced that it intends to redeem $400 million of its outstanding senior secured notes. The notes, which have a coupon rate of 8.75%, are due in 2013. The notes will be redeemed on a pro rata basis on May 15, 2010 at a redemption price equal to 101.458%...
20Apr2010 | vitalstocks | 0 comments | Continued(SNA) Snap-on Earnings Report Exceeds Expectations
Snap-On Inc. (SNA) reported earnings from continuing operations of 63 cents per share for the first quarter of 2010, exceeding the Zacks Consensus Estimate of 50 cents. Revenues of $621.6 million increased $49.0 million, or 8.6%, from 2009 levels. Excluding $24.4 million of foreign...
20Apr2010 | vitalstocks | 0 comments | Continued(KO) Coca Cola Company Earnings Beat Consensus
Coca Cola Company (KO) reported first quarter 2010 results with earnings of 80 cents per share, which was above the Zacks Consensus Estimate 74 cents. Earnings were up 23% year over year. Net revenues increased 5% year over year during the quarter, due to a 6% positive impact...
20Apr2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Incorporated Earnings Preview
Apple Inc. (AAPL) is slated to release its second-quarter 2010 results after the bell today. Last quarter, management noted that a decision by the FASB in September 2009 regarding subscription accounting principles led the company to recognize the contribution from the iPhone...
20Apr2010 | vitalstocks | 0 comments | Continued