Archive for May, 2010
(EK) Eastman Kodak Company First Quarter 2010 Earnings Scorecard
Movement of Eastman Kodak Company (EK) stock remained unclear following the first quarter earnings release on April 29. Half of the analysts covering have revised estimates upward while the other half have revised downward. First Quarter Highlights Although Eastman Kodak missed...
24May2010 | vitalstocks | 0 comments | Continued(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 first quarter recurring earnings of 47 cents per share that exceeded the Zacks Consensus Estimate by 9 cents. Below we will cover the results...
24May2010 | vitalstocks | 0 comments | Continued(CHUX) O’Charley First Quarter Earnings Report Misses Estimates
O’Charley’s Inc. (CHUX), a casual dining chain, recently reported disappointing first-quarter 2010 results. The company underperformed most of its peers. General economic condition and harsh winter weather conditions largely affected results in the quarter. The quarterly...
24May2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC Wins Technical Service Contract in Iraq
CNOOC Ltd. (CEO) signed a technical service contract, TSC, with Turkish Petroleum Corporation (TPAO), for development and production of the Missan Oil Fields within Iraq. The company expects to earn $2.3 per barrel (bbl) on the incremental oil production once the fields’ daily...
24May2010 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Earnings Scorecard
Recent Zacks Consensus Earning Estimate Revision trend is clearly indicating a rosy picture for Harris Corp. (HRS). Analysts have become very optimistic regarding Harris’ future growth due to strong demand for its tactical radio products, several government communications products...
24May2010 | vitalstocks | 0 comments | Continued(BEN) Franklin Resources Announced it Priced Notes Offerings
Franklin Resources Inc. (BEN) announced on Monday that it has priced its public offering of $300 million aggregate principal amount of 2% notes due 2013 at an issue price of 99.823%, $250 million aggregate principal amount of 3.125% notes due 2015 at an issue price of 99.890%,...
24May2010 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Issues Senior Notes to Refinance Debt
In a process of refinancing the debt structure, L-3 Communications Holdings Inc.’s (LLL) wholly owned subsidiary, L-3 Communications Corporation, issued Senior Notes worth $800 million followed by full redemption of its outstanding $800 million Senior Subordinated Notes. Out...
24May2010 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories to Buy Piramal Healthcare Unit
Abbott Laboratories (ABT) is all set to acquire Indian company Piramal Healthcare Ltd.’s Healthcare Solutions business (Domestic Formulations) for $3.72 billion. Per the terms of the definitive agreement with Piramal, Abbott will make an upfront payment of $2.12 billion, and...
24May2010 | vitalstocks | 0 comments | Continued(INTU) Intuit Reports Solid Quarter – Acquires Medfusion
After reporting solid third quarter results on May 20, 2010, Intuit Inc. (INTU) announced the acquisition of privately held Medfusion for $91.0 million in cash. With the acquisition, Intuit will now be able to provide easy-to-use communications tools to doctors and those patients...
24May2010 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy’s Future is So Bright
Chesapeake Energy (NYSE: CHK) has a lot going for it. The second largest natural gas producer in the United States, it is a leader in natural gas production from shale rock. Recently, it’s made a number of deals with foreign investors, mostly European energy companies....
24May2010 | InvestmentU | 0 comments | Continued(PTR) PetroChina Continues Overseas Investment in Properties
China’s initiative of acquisition of overseas properties seems likely to continue with the recent announcement of PetroChina Co. Ltd. (PTR) to invest $60 billion to increase its overseas oil and gas production to 4 million barrels per day. This is in line with the overseas...
24May2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Wins Defense Intelligence Agency Contract
General Dynamics Information Technology, a business unit of General Dynamics Corp. (GD), has been selected by the Defense Intelligence Agency as one of 11 companies for the Solutions for the Information Technology Enterprise contract. The five-year, indefinite delivery/indefinite...
24May2010 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Reports Leases Strong
Developers Diversified Realty Corp. (DDR), a leading real estate investment trust (REIT), has recently signed a leasing agreement for 671,278 million square feet of space in Hatillo, Puerto Rico. The lessee is T.J. Maxx, a chain of U.S. department stores owned by The TJX Companies...
24May2010 | vitalstocks | 0 comments | Continued(SHW) Good News, Bad News For U.S. Existing Home Sales
In April, existing home sales rose a greater-than-expected 7.6% to a seasonally adjusted annual rate of 5.77 million. That is up 22.8% from the 4.70 million rate of a year ago. The expectations were for a rate of 5.65 million, and the March numbers were revised slightly higher....
24May2010 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic Group Analyst Maintains Outperform
We reiterate our ‘Outperform’ rating on Hanger Orthopedic Group, Inc. (HGR) with a target price of $21 based on a P/E of 16.4x our fiscal 2010 EPS estimate of $1.28. The company’s results for the first quarter fiscal 2010 were outstanding with growth witnessed across all...
24May2010 | vitalstocks | 0 comments | Continued(V) Visa Funds Litigation Reserve in Light of Financial Legislation
Tucked inside the comprehensive financial overhaul that passed the U.S. Senate last week is a measure that has been weighing on the shares of Visa (V) and other credit/debit card issuers for days now. The Senate move, which needs to be reconciled with the House version passed...
24May2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Up on Natural Gas
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity by the natural gas producers that more than offset...
24May2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Warrants Sold by U.S. Treasury $$
The Treasury announced on Friday that it will earn $840 million from the sale of warrants that it obtained as part of its investment in Wells Fargo & Co. (WFC) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In October 2008, Wells...
24May2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly First Quarter 2010 Earnings Scorecard
Following the release of first quarter results on April 19, 2010, almost all the analysts covering Eli Lilly (LLY) have made downward revisions to their 2010 and 2011 annual estimates. A major part of the reduction was due to the impact of US healthcare reform, which is expected...
23May2010 | vitalstocks | 0 comments | Continued(VRSN) VeriSign Makes Financial Tides Say The Internet is Here to Stay, so Profit From It
Having a successful investment portfolio is not just stock picking; its also portfolio management. Don’t be afraid to cut loose stocks that don’t meet your criteria and always have a list of stocks you’d like to buy if conditions are right. The Internet is growing...
23May2010 | Shawn | 0 comments | Continued(SHLD) Sears Holdings’ Net Income Plunges – Still Beats
Sears Holdings Corp.’s (SHLD) fiscal 2010 first-quarter earnings plunged 39% to $16 million from $26 million in the year-ago quarter. However, excluding special items, adjusted earnings per share came in at 16 cents per share, which topped the Zacks Consensus Estimate by 2...
23May2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Accounting Charge-offs to Peak
In a recent investor conference, Regions Financial Corp. (RF) said that the company expects its charge-offs to peak in the upcoming quarter. The company expects charge-offs near the midpoint of a range of $3.4 billion to $5.9 billion over two years. However, Regions expects no...
23May2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Presents Data on Pipeline Candidate For Oncology
Recently, Eli Lilly (LLY) presented data from a mid-stage study of one of its pipeline candidates, tasisulam. The drug is being studied in a phase II trial as a second-line treatment in patients with metastatic melanoma. While overall response rate was the primary objective of...
23May2010 | vitalstocks | 0 comments | Continued(OPXT) Opnext Fourth Quarter 2010 Posts Wider Loss
Opnext Inc. (OPXT) reported revenues of $76.8 million in the fourth quarter of fiscal 2010, down 8% year-over-year but up 1% sequentially. Revenue for the quarter included $14.2 million from StrataLight Communications Inc., which was acquired on Jan 9, 2009. Opnext designs, manufactures...
23May2010 | vitalstocks | 0 comments | Continued(BAC) Producer Price Index Shows Producer Prices Still Tame $$
The Producer Price Index for finished goods fell 0.1% in April on a headline basis. The consensus was looking for an increase of 0.1%. Year-over-year prices are up 5.5%, mostly due to a rebound in energy costs, but that is down from a 6.0% year-over-year increase in March. The...
23May2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone – Bear of the Day
We reiterate our Underperform recommendation for Nippon Telegraph & Telephone (NTT), following the company’s disappointing fiscal 2011 financial outlook. We remain concerned regarding the less-than-anticipated sales of mobile handsets due to weak economic conditions...
23May2010 | vitalstocks | 0 comments | Continued(CPWR) Compuware Earnings Pass Estimates
Compuware Corp. (CPWR) reported revenues of $230 million in the fourth quarter of fiscal 2010, up 9.2% from year-earlier period. Software License fees came in at $51.8 million, up 2.9% year over year (excluding divested products). Compuware earlier divested a few of its peripheral...
23May2010 | vitalstocks | 0 comments | Continued(AIV) Apartment Investment and Management Company Earnings Scorecard
Apartment Investment and Management Company (AIV) or Aimco, as the real estate investment trust (REIT) is popularly known, reported fiscal 2010 first quarter FFO (funds from operations) of 32 cents per share that exceeded the Zacks Consensus Estimate by 2 cents. Funds from operations,...
23May2010 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company Increases Quarterly Dividend by 25%
Tiffany & Company (TIF), the designer, manufacturer and retailer of fine jewelry, recently boosted its quarterly dividend by 25%. The Board has approved an increase in annual dividend to $1.00 (or 25 cents quarterly) from 80 cents a share (or 20 cents quarterly). The dividend...
23May2010 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group’s Earnings Scorecard
T. Rowe Price Group Inc. (TROW) reported first quarter 2010 results on April 23, which fell short of the Zacks Consensus Estimate by 1 cent. However, results came in significantly above the prior-year quarter, driven by top-line growth and increased assets under management (AUM). Nevertheless,...
23May2010 | vitalstocks | 0 comments | Continued