Archive for May, 2010
(NOC) Northrop Grumman Corporation Earnings Scorecard
Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NOC), subsequent to reporting impressive first quarter 2010 results on April 28, 2010, had raised its quarterly dividend by 9.3%. In the first quarter the company reported earnings of $1.53...
24May2010 | vitalstocks | 0 comments | Continued(GDP) Alternative Energy Stock Review – May 2010 – Industry Outlook
OUTLOOK The Alternative Energy industry is going through a recovery after emerging from the global recession and the cascading fall in global crude oil prices. Last year, quite a few alternative energy companies were in the trough. And although these companies have recovered...
24May2010 | vitalstocks | 0 comments | Continued(AEM) Agnico-Eagle Mines Limited Expands
Canadian gold producer Agnico-Eagle Mines Limited (AEM) has entered into an agreement with Comaplex Minerals Corporation, a company exploring and developing mineral properties in Canada, to acquire the remaining 87.7% shares of Comaplex. Agnico already owns 12.3% stake in Comaplex. Under...
24May2010 | vitalstocks | 0 comments | Continued(ALTH) Allos Therapeutics Drug Earns FDA Orphan Status
Recently, Allos Therapeutics (ALTH) received orphan drug status from the US Food and Drug Administration (FDA) for pralatrexate to treat bladder cancer. The drug is being studied in a phase II clinical trial in patients with advanced or metastatic transitional cell carcinoma...
24May2010 | vitalstocks | 0 comments | Continued(DRQ) Dril-Quip Stays Analyst Maintains Neutral Rating
Our Neutral view for the Dril-Quip Inc. (DRQ) shares remain unchanged following the company’s better-than-expected first quarter results. Earnings came in at 74 cents per share, beating both the Zacks Consensus Estimate of 68 cents and the year-earlier profit of 63 cents. Revenues...
24May2010 | vitalstocks | 0 comments | Continued(DKS) Dick’s Sporting Goods’ Earnings Report Tops Consensus
Dick’s Sporting Goods Inc. (DKS), an authentic full-line sporting goods retailer, posted better-than-expected first quarter 2010 results on the heels of higher sales and improved margins. The company’s sustained effort to drive growth via new technology, investments made...
24May2010 | vitalstocks | 0 comments | Continued(SNY) Access Pharma Analyst Coverage Initiated at Outperform
Access Pharmaceuticals Inc. poised to become a key player in the cancer/cancer supportive care market We are initiating coverage of Access Pharmaceuticals Inc. (ACCP) with an Outperform rating. Our 12-month price target is $8 per share. Access Pharmaceuticals, Inc. (Access) is...
24May2010 | vitalstocks | 0 comments | Continued(HSP) Hospira Extends Javelin Pharmaceuticals Aquisition Offer
Recently, Hospira (HSP) extended its tender offer for acquiring Javelin Pharmaceuticals (JAV). The offer, which was supposed to expire on May 18, has been extended till June 2, 2010 as all the conditions of the deal have not yet been met. Viewing the uncertainty surrounding the...
24May2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Reports Earnings Ahead of Estimates
Limited Brands Inc. (LTD), a specialty retailer of women’s intimate and other apparel, beauty and personal care products, recently posted stronger-than-expected first quarter results thanks to an improving sales environment, effective inventory management and cost containment...
24May2010 | vitalstocks | 0 comments | Continued(SPLS) Staples Earnings Rise 27.3% Year-Over-Year
Staples, Inc. (SPLS), the global leader in the supply of office products, recently reported better-than-expected first quarter results but provided a moderate outlook. Quarterly earnings of 28 cents a share rose 27.3% from 22 cents posted in the prior-year quarter, and surpassed...
24May2010 | vitalstocks | 0 comments | Continued(PDCO) Patterson Companies’ Quarterly Earnings Beat Estimates
Patterson Companies, Inc. (PDCO) reported earnings per share of 52 cents for the fourth quarter, beating the Zacks Consensus Estimate of 50 cents and the year-ago earnings of 46 cents. Earnings per share in fiscal 2010 was $1.78, compared to the Zacks Consensus Estimate of $1.76...
24May2010 | vitalstocks | 0 comments | Continued(PBIO) Pressure Biosciences’ Technology on Display at Harvard Medical School Symposium
Harvard Medical School Symposium On Friday, May 21, 2010, Harvard Medical School will host a symposium on the applications of ultra-high pressure in biotechnology. The full-day program focusing on the use of cycled ultra-high pressure (pressure cycling technology, or “PCT”)...
24May2010 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants 2010 First Quarter Earnings Scorecard
BJ’s Restaurants Inc. (BJRI) reported first quarter 2010 earnings on April 22, 2010 that surpassed the Zacks Consensus Estimate by a penny. Below we will cover the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for both the short-term...
24May2010 | vitalstocks | 0 comments | Continued(AAP) Advance Auto Parts First Quarter 2010 Beats Expectations
Advance Auto Parts (AAP) posted a profit of $1.19 per share in the first quarter of 2010, ended April 24, 2010, compared with $1.02 (excluding the charge related to store divestitures) in the year-ago quarter. With this, the automotive retailer outdid the Zacks Consensus Estimate...
24May2010 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Quarterly Earnings Scorecard
Following the release of first quarter results on May 5, 2010, many of the analysts covering Molina Healthcare (MOH) have made upward revisions to their 2010 and 2011 annual estimates. The company performed impressively in the quarter, beating the Zacks Consensus Earnings Estimate...
24May2010 | vitalstocks | 0 comments | Continued(CHS) Chico’s FAS Quarterly Profit Report Increases
Chico’s FAS Inc. (CHS), the women’s apparel retailer, posted better-than-expected first-quarter 2010 results on the heels of lower markdowns and improved fashion. Quarterly Performance Chico’s quarterly earnings of 11 cents a share, which remained in line with...
24May2010 | vitalstocks | 0 comments | Continued(CAEI) China Architectural Engineering Records an Earnings Loss
China Architectural Engineering Inc. (CAEI) reported net loss of $3.5 million or loss per share of 6 cents for its fiscal first quarter ended March 31. Results were disappointing, considering the net income of $943,611 million or 2 cents per share in the year-ago quarter. Decreases...
24May2010 | vitalstocks | 0 comments | Continued(HRL) Hormel Foods Corporation Raises Earnings Guidance
Hormel Foods Corporation (HRL) posted strong results for the second quarter of fiscal 2010 with an EPS of 67 cents, up from 59 cents in the year-ago quarter. Reported EPS surpassed the Zacks Consensus Estimate by 6 cents. Net income stretched 13.6% year over year to $91.3 million...
24May2010 | vitalstocks | 0 comments | Continued(GME) GameStop First Quarter Earnings Tops Expectations
GameStop Corp. (GME) posted first-quarter 2010 earnings of 48 cents per share, which topped the Zacks Consensus Estimate by a penny and increased 14% from 42 cents per share last year. The better-than-expected performance was primarily driven by a higher top-line, a significant...
24May2010 | vitalstocks | 0 comments | Continued(ERJ) Empresa Brasileira de Aeronautica S.A. Earnings Scorecard
Following the earnings release of Empresa Brasileira de Aeronautica S.A. – Embraer (ERJ) on April 29, analysts covering the stock have become optimistic and moved their estimates upward. Their optimism is based on first quarter results, which were based on the reduction...
24May2010 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Increases Dividend
The board of directors of ACE Limited (ACE) announced a 6.5% increase in the quarterly dividend as a part of the company’s consistent effort to enhance shareholder value. ACE will now pay a quarterly dividend of 33 cents ($1.32 on an annualized basis), up from 31 cents ($1.24...
24May2010 | vitalstocks | 0 comments | Continued(SIRO) Sirona – Revenue Jumps – Raising Earnings Guidance
Sirona (SIRO) analysts have raised estimates to the highest level in years, keeping the valuations attractive. Company Description Sirona makes a variety of dental products sold worldwide. The company’s offerings range from basic instruments to imaging and computer systems. Revenue...
24May2010 | vitalstocks | 0 comments | Continued(PX) Praxair Increases its Canadian Presence
Praxair Inc. (PX), through its Canadian subsidiary, Praxair Canada Inc. enhanced its presence in Canada by signing a long-term supply agreement with a member of the Essar Group, Essar Steel Algoma Inc., a fully integrated steel producer. Praxair Canada contracted to design and...
24May2010 | vitalstocks | 0 comments | Continued(VFC) VF Corporation – Earnings Surprised by 26% in the First Quarter
VF Corporation (VFC) saw record first quarter earnings per share in April and raised guidance on its strengthening business as consumers replenish their wardrobes. VF Corporation manufactures apparel under 30 well-known brands including The North Face, Nautica, 7 For All Mankind,...
24May2010 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club Beats Expectations – Raises Outlook
BJ’s Wholesale Club, Inc. (BJ), a leading warehouse club operator in the United States, recently reported better-than-expected first-quarter 2010 results. The quarterly earnings of 49 cents a share, surpassed the Zacks Consensus Estimate of 43 cents, and climbed 8.9% from 45...
24May2010 | vitalstocks | 0 comments | Continued(CTL) CenturyTel Analyst Upgrades to Neutral
We are upgrading our recommendation for CenturyTel (CTL) to Neutral based on solid first-quarter 2010 results and management’s upbeat guidance. Earnings for the last quarter topped the Zacks Consensus Estimate driven by synergies from Embarq Corp. (acquired in July 2009). Moreover,...
24May2010 | vitalstocks | 0 comments | Continued(RRGB) Red Robin Gourmet Burgers Beats Expectations – Trims Outlook
Red Robin Gourmet Burgers Inc. (RRGB), the casual dining restaurant operator, recently reported its first-quarter 2010 results. The quarterly earnings of 32 cents per share surpassed the Zacks Consensus Estimate by 4 cents, and up 28.0% from 25 cents posted in the prior-year...
24May2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Corporation ADR – Bear of the Day
Nokia Corp. (NOK) is facing serious problems in the high-end feature-rich smartphone segment. Smartphones are expected to become the next-generation choice, taking over the market share from basic mobile handsets. As of now, unfortunately, Nokia has failed to introduce any smartphone...
24May2010 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Corporation – Operating Income Surged 80%
Starbucks Corp. (SBUX) continues to trade at a premium, but the consistent earnings surprises and upward estimate revisions could be worth the price. Company Description Starbucks is best know for its nearly 9,000 retail coffee shops around the world. The company also makes ready...
24May2010 | vitalstocks | 0 comments | Continued(SNX) SYNNEX Corporation – Strong Earnings Surprise History
SYNNEX Corporation (SNX) recently raised fiscal second quarter guidance as business conditions improve across its segments. The company has attractive valuations, with a forward P/E of just 8.8. Technology has been hot as its been one of the first industries to really see demand...
24May2010 | vitalstocks | 0 comments | Continued