Archive for May, 2010
(CLB) Core Laboratories N.V. Quarterly Earnings Rise
Oilfield services provider Core Laboratories N.V. (CLB) reported better-than-expected first quarter 2010 results, driven by strong performance across the company’s business units. Earnings per share came in at $1.38, surpassing the Zacks Consensus Estimate of $1.35 and the...
10May2010 | vitalstocks | 0 comments | Continued(VALE) Vale S.A. Reports Earnings Short of Consensus
Vale S.A.’s (VALE) first quarter EPADR for the fiscal year 2010 was 30 cents, an increase from 26 cents in the year-ago quarter. However, it missed the Zacks Consensus Estimate of 33 cents. Net earnings reached $1,604 million, up 17.7% from $1,363 million in the corresponding...
10May2010 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Analyst Downgrades Stock to Neutral
We are downgrading our recommendation on PNC Financial Services Group Inc. (PNC) to Neutral on concerns of weak loan demand in the near term. PNC Financial has been experiencing a weak loan demand for the past couple of years. Commercial lending consists of 53% of the company’s...
10May2010 | vitalstocks | 0 comments | Continued(ONNN) ON Semiconductor Earnings Beat Consensus – Sees Robust Growth
ON Semiconductor (ONNN) reported first-quarter earnings that beat the Zacks Consensus estimate by 3 cents. Revenue Revenue of $550.2 million was up 10.7% sequentially and 45.1% year over year. This was better than management’s revenue expectations of $515-$525 million, or an...
10May2010 | vitalstocks | 0 comments | Continued(SYMC) Symantec Quarterly Revenues Up – Earnings Exceed Forecast
Symantec Corporation (SYMC) reported fourth quarter 2010 earnings per share of 40 cents, exceeding the Zacks Consensus Estimate of 33 cents. Revenue Symantec reported fourth quarter 2010 GAAP net revenue of $1.53 billion, up 3.0% from $1.47 billion reported in the year-ago quarter....
9May2010 | vitalstocks | 0 comments | Continued(ALTH) Allos Therapeutics’ Earnings Loss Narrows
Allos Therapeutics’ (ALTH) first quarter fiscal 2010 loss per share came in at 20 cents, compared to the Zacks Consensus Estimate of a loss of 22 cents and a loss of 19 cents reported in the year-ago period. The company recorded $7.4 million in sales during the quarter. In...
9May2010 | vitalstocks | 0 comments | Continued(ARAY) Accuray’s Quarterly Earnings Beats Consensus Estimates
Accuray Inc. (ARAY) reported fiscal third-quarter earnings per share of 4 cents, beating the Zacks Consensus Estimate of 1 cent and the year-ago earnings of 2 cents. Sales Total revenues in the third quarter declined 15.3% year over year to $51.9 million. Lower revenues can be...
9May2010 | vitalstocks | 0 comments | Continued(PG) Market Volatility – Calm Down and Take a Deep Breath
Yesterday was certainly a wild day in the market, with the Dow down almost 1,000 points at one point Incorporatedluding a heart stopping 700-point decline in the middle of the day over the course of only about five minutes. The market quickly recovered from that drop, but was...
9May2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen Earnings Matche Estimates
California Pizza Kitchen, Inc. (CPKI), one of the leading casual dining restaurant chains, recently posted first-quarter 2010 results that were in line with the Zacks Consensus Estimate. Moreover, the company provided a second-quarter earnings guidance that matched the average...
9May2010 | vitalstocks | 0 comments | ContinuedFive Careful Ways to Win with Options in a Volatile Market
Now more than ever, investors need to learn about options as a way to manage and limit risk, and take advantage of opportunities in any market direction. Whether Thursday’s nearly 1,000 point plunge in the Dow was caused by a trader’s mistake or not, volatility is...
9May2010 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Quarterly Earnings Report Up – Misses Consensus Estimate
Kraft Foods Inc. (KFT) reported first-quarter earnings of 49 cents per share, below the Zacks Consensus Estimate of 55 cents. However, quarterly earnings were up 19.5% year over year. Net revenues for the quarter increased 26.0% year over year to $11.3 billion, primarily due...
9May2010 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Easily Beats The Street Estimate
Sanofi-Aventis (SNY) reported first quarter earnings of $1.29 per American Depository Share (ADS), which was well above the Zacks Consensus Estimate of $1.18. The company reported earnings of $1.10 in the year-ago period. First quarter revenues increased 3.9%, with performance...
9May2010 | vitalstocks | 0 comments | Continued(CBST) Cubist Pharmaceuticals Earns Some Attention
We were asked last week why we never investigated biotechnology companies. To set the record straight, we own shares in a biotechnology company, Oncothyreon, Inc. (NASDAQ: ONTY), a clinical stage company developing cancer treatment therapies. But to answer the question directly,...
9May2010 | Wax | 0 comments | Continued(FIS) Profit in Credit Card Processing
As the economy recovers people will begin spending money and most will do that on a credit or debit card. Fidelity National Information Services (FIS) Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial...
9May2010 | Shawn | 0 comments | Continued(BCE) BCE Quarterly Earnings Beat on Wireless Strength
BCE Inc. (BCE), Canada’s largest telephone operator, announced first-quarter 2010 adjusted earnings per share of 65 Canadian cents (US63 cents per ADS), beating the Zacks Consensus Estimate of 61 Canadian cents (US59 cents per ADS) and the year-ago quarter’s adjusted EPS...
9May2010 | vitalstocks | 0 comments | Continued(HTH) Hilltop Holdings Beats Consensus Estimate
Recently, Hilltop Holdings Inc. (HTH) filed its 10-Q to report the first quarter results of 2010. Net loss attributable to common stockholders increased 71.3% to $2.09 million or 4 cents per share from a net loss of $1.22 million or 2 cents per share in the year-ago period. However,...
9May2010 | vitalstocks | 0 comments | Continued(LEAP) Leap Wireless Posts Wider Quarterly Loss
Leap Wireless (LEAP), which operates under the “Cricket” brand, reported a first-quarter 2010 net loss per share of 90 cents, wider than the Zacks Consensus Estimate for a loss of 66 cents. The net loss increased 35% year-over-year to $68 million on account of higher...
9May2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Holdings Outperforms The Street
American Medical Systems Holdings, Inc. (AMMD) reported fiscal first-quarter earnings per share of 29 cents, outperforming both the Zacks Consensus Estimate and the year-ago earnings of 25 cents. EPS results came in higher than the company’s own expectations of 23 to 26 cents. Sales Total...
9May2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Neutral Sentiment at 7-Week High
Bullish sentiment declined to 39.1% in the latest AAII Sentiment Survey. The proportion of individual investors who expect stocks to rise over the next six months fell 2.2 percentage points to 39.1%. This is only the second time in the last six weeks that bullish sentiment has...
9May2010 | Shawn | 0 comments | Continued(AKAM) Akamai Technologies Analyst Rates Neutral
We have a Neutral rating on Akamai Technologies, Inc. (AKAM) with a price target of $40.00, representing a P/E ratio of 40.0x 2010 EPS (according to the Zacks Consensus Estimate). Akamai is a leading provider of content delivery network (CDN) and streaming media services. Its...
9May2010 | vitalstocks | 0 comments | Continued(BP) U.S. Offshore Oil Drilling and the Future
Can you hear that scurrying sound? It’s the sound of expensive shoes scampering across the floor of BP’s (NYSE: BP) legal department, as hoards of lawyers try to minimize the financial damage to the firm from the Gulf of Mexico oil spill. Lawsuits against BP and the other...
7May2010 | InvestmentU | 0 comments | Continued(PCP) Precision Castpart’s Quarterly Report Underperforms The Street
Precision Castparts Corp. (PCP) reported earnings per share from continuing operations of $1.66 for the fourth quarter of 2010, below the Zacks Consensus Estimate of $1.71. In the fourth quarter, sales for Precision Castparts Corp. totaled $1.4 billion, versus sales of $1.6 billion...
7May2010 | vitalstocks | 0 comments | Continued(UPS) United Parcel Service – Earnings Estimates Moving Higher
United Parcel Service’s (UPS) strong operating leverage is driving impressive earnings growth. The company is expected to grow its earnings per share 41% in 2010, 20% in 2011, and 13.0% per year for the next three to five years. The stock also offers investors a dividend...
7May2010 | vitalstocks | 0 comments | Continued(MIL) Millipore Quarterly Earnings Report Ahead of Expectations
Millipore Corp. (MIL) reported first-quarter earnings per share of $1.21, well above the Zacks Consensus Estimate of $1.09 and the year-ago earnings of $1.06. Revenues for the first quarter grew 14% to $463 million. Excluding a 5% benefit from changes in foreign currency, Millipore...
7May2010 | vitalstocks | 0 comments | Continued(WYN) Greece, Not the Calendar, Caused Thursday’s Drop
May 6, 2010 I wrote this on Wednesday evening, prior to today’s (Thursday’s) large market drop. The primary point I make in the commentary below—that you should not sell simply because it is May—is still valid. Today’s drop has nothing to do with the calendar. Why...
7May2010 | Shawn | 0 comments | Continued(AIG) American International Group Beats Consensus by Over 100% $$
American International Group Inc. (AIG) reported first-quarter earnings of $809 million or $1.21 per share, significantly ahead of the Zacks Consensus Estimate of 48 cents. The company incurred a loss of $2.1 billion or $22.90 per share in the year-ago period. On a GAAP basis,...
7May2010 | vitalstocks | 0 comments | Continued(JDSU) JDS Uniphase’s Earnings Report Misses Top-line
Yesterday, after market close, JDS Uniphase Corp. (JDSU) declared its third quarter fiscal 2010 financial results. Quarterly net revenue was $33.23 million, falls below the Zacks Consensus Estimate of $340 million. However, third quarter revenue was an improvement of 19% year-over-year....
6May2010 | vitalstocks | 0 comments | Continued(GRMN) Garmin Limited’s Quarterly Earnings Report Misses – Bids for Raymarine
Garmin Ltd.’s (GRMN) first quarter earnings excluding the impact of foreign exchange missed the Zacks Consensus Estimate by 4 cents in a seasonally weak quarter for the company. Earnings were up 52% from the year-ago quarter. Revenue Revenue of $431 million was down 59.3% sequentially...
6May2010 | vitalstocks | 0 comments | Continued(ESLR) Evergreen Solar’s Quarterly Loss Widens
Massachusetts-based Evergreen Solar Inc. (ESLR) reported fiscal 2010 first-quarter loss per share of 10 cents, widening the gap by a cent compared to the year-ago quarter. This is also worse than the Zacks Consensus Estimate of an 8 cent loss. On a reported basis, Evergreen Solar...
6May2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Posted Second Quarter Profits – Outflows Fall
UBS AG (UBS) has posted its second consecutive quarter of net profit, aided by strong contribution from its Investment Bank division and a drop in client money outflows. UBS AG reported a first quarter net profit of CHF 2.2 billion ($2.08 billion) compared with a profit of CHF...
6May2010 | vitalstocks | 0 comments | Continued