Archive for May, 2010
(PCS) MetroPCS Communications Earnings Preview
Leading unlimited wireless carrier MetroPCS Communications (PCS) is slated to report first-quarter 2010 results on Thursday, May 6, 2010, ahead of the opening bell. The current Zacks Consensus Estimate for the first quarter is 6 cents, representing a 51.7% year-over-year decline. MetroPCS...
4May2010 | vitalstocks | 0 comments | Continued(REGN) Regeneron Pharmaceutical’s First Quarter Earnings Loss Narrower
Regeneron Pharmaceuticals Inc.’s (REGN) first-quarter loss of $30.5 million, or 38 cents per share, was narrower than the Zacks Consensus Estimate of a loss of 49 cents. The company suffered a loss of $15.4 million, or 19 cents per share in the year-ago quarter. This was due...
4May2010 | vitalstocks | 0 comments | Continued(VIV) Vivo Participacoes Earnings Report Misses Expectations – Profit Surges
Vivo Participacoes (VIV), the largest wireless operator in Brazil, reported results for first-quarter 2010 with earnings per ADS of 27 cents missing the Zacks Consensus Estimate of 35 cents. However, net income surged 44.3% year-over-year to R$191.9 million ($107 million) on...
4May2010 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Corporation Report Tops Consensus
ZOLL Medical Corp.’s (ZOLL) second quarter fiscal 2010 (ended Apr 4, 2010) earnings of 17 cents per share surpassed the Zacks Consensus Estimate by 4 cents. The company earned 8 cents per share in the year-ago quarter. The better-than-expected results were driven by strong...
3May2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services’ Earnings Report Tops Expectations – Raises Outlook
Hartford Financial Services’ (HIG) first-quarter core earnings came in at 14 cents per share, three cents ahead of the Zacks Consensus Estimate of 11 cents. This also compares favorably with the core loss of $3.66 in the year-ago quarter. The upside was primarily attributable...
3May2010 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial Quarterly Report Misses Expectations
Genworth Financial Inc. (GNW) reported operating earnings per share of 23 cents available to the common stockholders. This compares unfavorably with the Zacks Consensus Estimate of 27 cents. However, the results were well ahead of the prior-year quarter earnings of 3 cents per...
3May2010 | vitalstocks | 0 comments | Continued(MWW) Monster Worldwide Reports Loss Narrows
Monster Worldwide, Inc. (MWW) reported revenues of $215 million in the first quarter of 2010, down 16% year over year. That decline is the lowest percentage decrease in five quarters. The results beat management expectations and mark the first sequential increase since the first...
3May2010 | vitalstocks | 0 comments | Continued(CHU) China Unicom’s Net Earnings Tank on Higher Costs
China Unicom (CHU) has announced first-quarter 2010 results with net income plunging 68% year-over-year to RMB1.13 billion (US$165.7 million). This significant year-over-year decline in profitability is attributable to the high costs associated with 3G service deployments and...
3May2010 | vitalstocks | 0 comments | Continued(MFE) McAfee Quarterly Reports Revenue Up – Profit Tumbles
McAfee Inc. (MFE) reported first quarter 2010 earnings per share of 41 cents, below the Zacks Consensus Estimate of 50 cents per share. Revenue McAfee Inc. reported first quarter 2010 revenue of $502.7 million, up 12.0% from $447.7 million reported in the year-ago quarter. This...
3May2010 | vitalstocks | 0 comments | Continued(BAC) U.S. Savings Rate Trend Falling Again
In March, Personal Income rose by 0.3% while Personal Consumption Expenditures rose by 0.6%. Both numbers were in line with expectations. The numbers for both were revised higher for February; it is now estimated that personal income rose by 0.1% rather than being unchanged....
3May2010 | vitalstocks | 0 comments | Continued(SNDK) SanDisk Corporation – Current-Year Earnings Estimate Spikes
SanDisk Corp. (SNDK) just hit a new multi-year high at $44.89 after reporting much better than expected Q1 results that included 65% sales growth from last year and an 80% earnings surprise. The current-year estimate is up $1.02 in just the last week to $3.43. With mobile devices...
3May2010 | vitalstocks | 0 comments | Continued(TRMB) Trimble Navigation Report Beats Expectations – Outlook Cautious
Trimble Navigation’s (TRMB) first quarter earnings exceeded consensus estimates by 3 cents. While GAAP earnings also exceeded management’s expectations, non-GAAP earnings were at the high end of management’s guided range. Seasonality typically causes huge sequential fluctuations...
3May2010 | vitalstocks | 0 comments | Continued(AAPL) Apple is Expected to Close its Lala Service
Apple Inc. (AAPL) is expected to close down its online music streaming company Lala.com, which was acquired in December 2009. Lala is a joint venture between Bain Capital LLC, Ignition Partners and Warner Music Group Corp and had entered into agreements with Google Inc. (GOOG),...
3May2010 | vitalstocks | 0 comments | Continued(BG) Bunge Limited to Acquire Land in Brazil
Bunge Limited (BG), a premier global agribusiness and food company in the U.S., has recently announced plans to acquire 25,000 acres in Sao Paulo, Brazil, from the local firm Acucar Guarani to grow cane for its sugar and ethanol mills. Acucar Guarani is a leading Brazilian company...
3May2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Reports Wider-Than-Expected Loss
Human Genome Sciences Inc’s (HGSI) first quarter 2010 net loss of 26 cents per share was wider than the Zacks Consensus Estimate of 20 cents. The company earned 56 cents per share (excluding special items) in the year-ago quarter. The loss suffered in the reported quarter was...
3May2010 | vitalstocks | 0 comments | Continued(ORLY) O’Reilly Automotive Shows That Auto Parts Are On Fire
Financial Tides‘ pick today is O’Reilly Automotive, Inc. (ORLY) a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment and accessories to both “do-it-yourself” customers and professional mechanics or service technicians....
3May2010 | Shawn | 0 comments | Continued(PVH) Phillips-Van Heusen – Analysts Estimate 22.3% Earnings Growth
Phillips-Van Heusen Corp. (PVH) is a Zacks #2 Rank stock that trades at a reasonable 18.3x fiscal 2011 consensus estimates and 14.7x fiscal 2012 consensus estimates. Analysts estimate that Phillips-Van Heusen will grow its earnings per share 22.3% in fiscal 2011, 24.3% in fiscal...
3May2010 | vitalstocks | 0 comments | Continued(UAUA) UAL and Continental Announce Merger Take Off
U.S. air carriers United Airlines — a wholly owned subsidiary of UAL Corp. (UAUA) — and Continental Airlines (CAL) declared a merger of their operations. This merger would give birth to the world’s largest airline by size, pushing Delta Airlines (DAL) back. The...
3May2010 | vitalstocks | 0 comments | Continued(POZN) Pozen’s Announces That FDA Approves Vimovo
On April 30, 2010, Pozen (POZN) and its partner, AstraZeneca (AZN), announced that the U.S. Food and Drug Administration (FDA) has approved Vimovo (naproxen and esomeprazole magnesium) delayed-release tablets for the relief of signs and symptoms of osteoarthritis (OA), rheumatoid...
3May2010 | vitalstocks | 0 comments | Continued(MFB) Institute for Supply Management Shows U.S. Manufacturing Increasing
The Institute for Supply Management’s (ISM) manufacturing survey rose to a reading of 60.4 from 59.6 in February, an increase of 0.8 points and above the 60.0 reading that was expected. Any reading over 50 indicates that the manufacturing economy is expanding, so this is a...
3May2010 | vitalstocks | 0 comments | Continued(PDE) Pride International Quarterly Earnings Beat Expectations
Pride International Inc. (PDE) reported significantly better-than-expected first quarter results. Quarterly earnings was 45 cents per share, compared with the Zacks Consensus Estimate of 30 cents and the year-earlier earnings of 84 cents. The company expects second-quarter earnings...
3May2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Now Total 64 in 2010
A capricious economy triggered another set of bank failures last week. On Friday, seven more banks were shuttered by U.S. regulators. Out of the seven failed banks, three were in Puerto Rico, two in Missouri and one each in Michigan and Washington. This brings the total number...
3May2010 | vitalstocks | 0 comments | Continued