Archive for May, 2010
(AUXL) Auxilium Pharmaceuticals Reports Quarterly Loss That Narrows
Strong Testim sales helped Auxilium Pharmaceuticals, Inc. (AUXL) report a narrower-than-expected net loss of 18 cents per share in the first quarter of 2010, 13 cents below the Zacks Consensus Estimate and year-ago net loss of 31 cents. Net revenues increased 31.1% to $45.5 million...
6May2010 | vitalstocks | 0 comments | Continued(WMGI) Wright Medical Group Earnings Outperform
Wright Medical Group, Inc. (WMGI) reported first quarter fiscal 2010 earnings per share of 21 cents, outperforming the Zacks Consensus Estimate of 15 cents and the year-ago earnings of 20 cents. Sales Total revenues in the first quarter increased 8.5% year over year to $131.2...
6May2010 | vitalstocks | 0 comments | Continued(UTHR) United Therapeutics Beats Expectations on Strong Revenues
United Therapeutics Corp. (UTHR) reported first-quarter profit of 32 cents per share, a couple of cents above the Zacks Consensus Estimate and 28% above the year-ago earnings of 25 cents. A huge boost in revenues helped drive earnings despite an increase in operating expenses. Revenues...
6May2010 | vitalstocks | 0 comments | Continued(F) U.S. Productivity Still Popping
Productivity increased at a 3.6 percent annual rate during the first quarter of 2010. Output rose 4.4 percent while hours worked rose 0.8 percent on a seasonally adjusted annual-rate basis. Year over year, productivity increased an incredible 6.3% as output increased 3.1 percent,...
6May2010 | vitalstocks | 0 comments | Continued(DVN) Devon Energy Corporation’s Profits Rise
Devon Energy Corp. (DVN) posted better-than-expected results for the first quarter of 2010 due to higher realized commodity prices and lower costs across major categories. The company’s adjusted EPS for the quarter was $1.85, which was above the Zacks Consensus Estimate of...
6May2010 | vitalstocks | 0 comments | Continued(IRBT) iRobot Corporation – Analysts Raising Guidance
iRobot Corp. (IRBT) just crushed earnings expectations and are showing huge growth rates moving forward. Company Description iRobot builds robots used by the military, police, Haz Mat teams and other areas involved in potentially dangerous situations. The robots can provide reconnaissance...
6May2010 | vitalstocks | 0 comments | Continued(SYY) Sysco Corporation – Earnings Estimates Inching Higher
Sysco Corp (SYY) is a solid growth and income stock in almost any type of market. The company is expected to grow its EPS at 15% per year for the next 3 to 5 years, while offering investors a juicy dividend yield of 3.2%. This Zacks #2 Rank stock trades at 15.8x fiscal 2010 consensus...
6May2010 | vitalstocks | 0 comments | Continued(RIG) Transocean Limited Reports Above The Street – Battles Horizon Disaster
Transocean, Inc. (RIG) — the world’s largest offshore driller — reported robust first quarter 2010 results, helped by contributions from newbuild operations. Earnings per share, excluding certain charges, came in at $2.22, well above the Zacks Consensus Estimate...
6May2010 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group’s Earnings Miss by a Penny
The Hain Celestial Group, Inc. (HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products, recently, posted third-quarter 2010 results that fell short of the Zacks expectations. The quarterly earnings of 28 cents missed the...
6May2010 | vitalstocks | 0 comments | Continued(PRA) ProAssurance Corporation’s Quarterly Earnings Beat on Revenues
ProAssurance Corporation’s (PRA) first-quarter operating earnings of $1.21 per share were 10 cents ahead of the Zacks Consensus Estimate of $1.11. This also compares favorably with the earnings of 99 cents in the prior-year quarter. Earnings for the quarter benefited from a...
6May2010 | vitalstocks | 0 comments | Continued(PGN) Progress Energy Moves Ahead of Consensus – Grows Year-Over-Year
Power provider Progress Energy Inc. (PGN) reported first quarter 2010 earnings that were ahead of the Zacks Consensus Estimate and the year-ago results. Earnings were driven by favorable weather conditions and the net impact from the repowered Bartow Plant, partially offset by...
6May2010 | vitalstocks | 0 comments | Continued(CNP) CenterPoint Energy Reports Slightly Ahead of Expectations
Energy delivery company – CenterPoint Energy Inc. (CNP) – posted earnings of 32 cents per share in the first quarter of 2010, three cents higher than the Zacks Consensus Estimate of 29 cents per share and higher than the year-ago quarterly earnings of 19 cents per share. On...
6May2010 | vitalstocks | 0 comments | Continued(DM) Dolan Media – 2010 Outlook Reaffirmed
Dolan Media (DM) kept its winning streak alive when it surprised on earnings on May 4 for the 6th straight quarter in a row. The professional services division, which handles mortgage default processing, continues to outperform which isn’t surprising given the state of...
6May2010 | vitalstocks | 0 comments | Continued(MITI) Micromet’s Quarterly Report Shows Loss Increase
Micromet’s (MITI) first quarter fiscal 2010 loss per share came in at 23 cents, greater than the year-ago quarter’s loss of a penny. However, after adjusting for the change in fair value of warrants, the company reported a loss per share of 15 cents, better than the Zacks...
6May2010 | vitalstocks | 0 comments | Continued(EXPD) Expeditors International of Washington In Line with Expectations
Expeditors International of Washington Inc’s (EXPD) first quarter net income of 28 cents per share was at par with the Zacks Consensus Estimate but a penny higher than the year-ago earnings of 27 cents. Net income attributable to shareholders grew by 3.2% year-over-year to...
6May2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty Corporation’s Quarterly Revenue Soars
Kimco Realty Corp (KIM), a leading real estate investment trust (REIT), reported a 17.3% increase in first quarter 2010 rental revenues compared to the year-earlier quarter. Revenues for the reported quarter increased to $227.0 million from $193.6 million in the year-ago quarter. The...
6May2010 | vitalstocks | 0 comments | Continued(GHDX) Genomic Health’s Loss Wider Than Expected
Genomic Health Inc’s (GHDX) first quarter 2010 loss of 7 cents per share was wider than the Zacks Consensus Estimate of a net loss of 3 cents. The company had suffered a loss of 16 cents in the prior-year period. Total revenues for the reported quarter came in at $41.2 million...
6May2010 | vitalstocks | 0 comments | Continued(CELL) Brightpoint’s First Quarter Earnings Report Outperforms
Yesterday, after market close, Brightpoint Inc (CELL) declared solid financial results for the first quarter of 2010. Both the top-line and bottom-line easily exceeds the Zacks Consensus Estimate supported by excellent performance from newly entered distribution deals as well...
6May2010 | vitalstocks | 0 comments | Continued(AYE) Allegheny Energy Reports Short of Consensus
Allegheny Energy Inc. (AYE) reported first quarter 2010 net income of $88.2 million or $0.52 per share, compared to $133.9 million or $0.79 per share in the year-earlier quarter. The decrease in year-over-year earnings was primarily due to certain non-recurring items. Excluding...
6May2010 | vitalstocks | 0 comments | Continued(CBS) CBS Corporation Reports Earnings In Line with Consensus
CBS Corporation (CBS), a diversified media conglomerate, recently posted first-quarter 2010 results that were in line with the Zacks expectation and portrayed substantial improvement from the year-ago quarter on the heels of a better operating environment and cost-containment...
6May2010 | vitalstocks | 0 comments | Continued(PEG) Public Service Enterprise Group Misses Quarterly Earnings Forecast
Public Service Enterprise Group Inc. (PEG) reported low first-quarter 2010 operating earnings per share (EPS) of 84 cents compared with the Zacks Consensus Estimate of 86 cents and the year-ago quarter results of 95 cents. On a reported basis Incorporatedluding one-time items,...
6May2010 | vitalstocks | 0 comments | Continued(AIT) Applied Industrial Technologies – Very Strong Balance Sheet
Applied Industrial Technologies, Inc. (AIT) recently jumped higher to a new 2-year high after reporting strong Q3 results in late April that blew past expectations. The long-term outlook looks good too, with the next-year estimate projecting 31% earnings growth. Company Description Applied...
6May2010 | vitalstocks | 0 comments | Continued(BAX) Baxter International – Bear of the Day
We believe that Baxter International’s (BAX) focus on life-sustaining products insulates its results from economic downturns. The company has a strong product pipeline, with a number of promising products in final stages of clinical development. However, the company faces...
6May2010 | vitalstocks | 0 comments | Continued(TSN) Tyson Foods Incorporated – Bull of the Day
Tyson Foods Inc. (TSN) reported better-than-expected first-quarter 2010 results. The company earned $0.42 per share (excluding special items), beating the Zacks Consensus estimate by $0.08. The strong performance in the quarter was mainly driven by the Chicken segment. The strong...
6May2010 | vitalstocks | 0 comments | Continued(HNT) Health Net’s Quarterly Earnings Beats Target – Raises Guidance
Health Net (HNT) reported first quarter fiscal 2010 earnings per share (EPS) of 16 cents compared to earnings of 21 cents in the first quarter of 2009. The reported quarter included $37.7 million in pretax losses related to the divestment of the Northeast business to UnitedHealth...
6May2010 | vitalstocks | 0 comments | Continued(WIN) Windstream Corporation Misses Earnings Consensus on Merger Costs
Windstream Corp. (WIN) reported first quarter 2010 results with adjusted earnings per share (EPS) of 20 cents, missing the Zacks Consensus Estimate by a penny while falling short of the year-ago adjusted EPS of 24 cents. Adjusted EPS excludes $14 million (3 cents per share) in...
6May2010 | vitalstocks | 0 comments | Continued(WMT) U.S. Initial Jobless Claims Bounce Down Again
As shown in the graph below (from http://www.calculatedriskblog.com/) after a big decline starting in April of last year, Initial Claims for Unemployment Insurance have become extremely erratic. This week it was time for some good news, as claims fell by 7,000 to 444,000, although...
6May2010 | vitalstocks | 0 comments | Continued(XTO) XTO Energy’s Earnings Report Beats on Volume Gains
Natural gas producer XTO Energy’s (XTO) first quarter results came in better than expected, primarily due to a rise in production volumes. Earnings per share, excluding non-cash derivative fair value gain, came in at 55 cents, beating the Zacks Consensus Estimate of 47 cents. However,...
5May2010 | vitalstocks | 0 comments | Continued(ECLP) Eclipsys Corporation Blows Away Estimates
Eclipsys Corporation’s (ECLP) first quarter 2010 earnings of 19 cents per share (excluding special items) surpassed the Zacks Consensus Estimate by 9 cents and the year-ago earnings (excluding special items) by 2 cents. On a reported basis, Eclipsys earned 9 cents per share...
5May2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Looks Towards Cloud Computing Space
Following the trend of the IT majors, another leading software company BMC Software Inc. (BMC) is taking aggressive measures to cash in on opportunities available in the cloud computing space. The company recently rolled out two new IT service management solutions, BMC Remedy...
5May2010 | vitalstocks | 0 comments | Continued