Archive for July, 2010
(HBC) HSBC Clients Under U.S. Tax Review
In an effort to clamp offshore tax evasion, the U.S. authorities are investigating the U.S. clients of HSBC Holdings plc. (HBC). The clients in question are suspected not to have disclosed their accounts in India and Singapore, according to a Bloomberg report. Bloomberg reported...
25Jul2010 | vitalstocks | 0 comments | Continued(HON) Honeywell International’s Earnings Outperform Again – Analyst Blog
Honeywell International Inc.’s (HON) second quarter 2010 earnings, released before the opening bell today, again defeated the Zacks Consensus Estimate on both top and bottom line. Earnings per share from continuing operations of 60 cents, reported by the company, were flat...
25Jul2010 | vitalstocks | 0 comments | Continued(DOV) Dover Corporation Beats Expectations on Higher Revenues
Dover Corporation (DOV) reported second-quarter 2010 earnings from continuing operations of 91 cents per share, beating the Zacks Consensus Estimate of 78 cents by 13 cents. Results were ahead of the prior-year quarter earnings from continuing operations of 54 cents per share....
25Jul2010 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Report Turns to Profit
Fifth Third Bancorp (FITB) has turned to profitability in the second quarter of 2010 after reporting losses in the last three quarters. The company reported a net income of $130 million or 16 cents per share, well ahead of the Zacks Consensus Estimate of 2 cents. Results also...
24Jul2010 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Report Runs Ahead Of Estimates
PNC Financial Services Group Inc.’s (PNC) second-quarter net income of $1.47 per share was substantially ahead of the Zacks Consensus Estimate of $1.26 per share. Results also compare favorably with 14 cents per share in the prior-year quarter. Excluding 13 cents per diluted...
24Jul2010 | vitalstocks | 0 comments | Continued(MSFT) Company News for July 23, 2010 – Corporate Summary
• Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion • SanDisk (NASDAQ:SNDK) posted second quarter earnings...
24Jul2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Profits Up 36%
AutoNation Inc. (AN) witnessed a 36% increase in profits (adjusted) to $62 million or 38 cents per share in the second quarter of 2010 from $50 million or 28 cents per share in the prior-year quarter. With this, the automotive retailer has inched past the Zacks Consensus Estimate...
24Jul2010 | vitalstocks | 0 comments | Continued(ATHN) Athenahealth’s Second Quarter 2010 Earnings Outperformed
Leading medical billing and records software provider Athenahealth Inc. (ATHN) reported an adjusted EPS (excluding charges such as stock-based compensation expenses and amortization of intangibles) of 12 cents for second-quarter fiscal 2010, ahead of the Zacks Consensus Estimate...
24Jul2010 | vitalstocks | 0 comments | Continued(JNS) Janus Capital Group’s Second Quarter 2010 Earnings Beat Estimates
Janus Capital Group Inc.’s (JNS) second quarter earnings per share came in at 17 cents, outpacing the Zacks Consensus Estimate of 15 cents primarily due to higher average assets under management (AUM). This also came in significantly higher than the 10 cents reported in the...
24Jul2010 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Third Quarter 2010 Earnings Meets Expectations – Remains Optimistic
Starbucks Corporation (SBUX), one of the leading roaster and retailer of specialty coffee, registered robust results for the third quarter of 2010. Adjusted quarterly earnings of 29 cents a share came in line with the Zacks Consensus Estimate, but increased 21% from 24 cents...
24Jul2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Reports Earnings That Meet Expectations
Skyworks Solutions, Inc. (SWKS) posted a net income of $34.7 million or 19 cents per share in the third quarter of fiscal 2010, compared to a net loss of $18.7 million or 11 cents per share in the year-ago quarter. Excluding one-time items, but including stock-based compensation...
24Jul2010 | vitalstocks | 0 comments | Continued(R) Ryder System’s Earnings Beat Expectations – Raises Outlook
Ryder System Inc. (R), the world’s largest provider of integrated logistics and transportation solutions, reported second-quarter earnings of 58 cents per share, which surpassed the Zacks Consensus Estimate of 49 cents. The company released its second-quarter earnings on...
24Jul2010 | vitalstocks | 0 comments | Continued(MNKD) MannKind Gets Good News From FDA
MannKind Corporation (MNKD) received a boost when the US Food and Drug Administration (FDA) accepted MannKind’s response to the complete response letter (CRL) issued by the agency on its inhaled insulin candidate, Afrezza. The candidate is being developed for treating type...
24Jul2010 | vitalstocks | 0 comments | Continued(ETFC) E*TRADE Financial Corporation Swings to Profit
E*TRADE Financial Corporation (ETFC) has turned to profitability in the second quarter of 2010 after reporting losses over the last three years. The company reported earnings of 12 cents per share versus the Zacks Consensus Estimate of a loss of 11 cents. The significant turnaround...
24Jul2010 | vitalstocks | 0 comments | Continued(FLEX) Flextronics International’s Earnings Marginally Beats The Street
A leading designer and provider of electronics manufacturing services, Flextronics International Ltd. (FLEX) reported strong first quarter 2011 results with both the revenues and earnings marginally beating the Zacks Consensus Estimate. Revenues and earnings both exhibited strong...
24Jul2010 | vitalstocks | 0 comments | Continued(FLIR) FLIR Systems’ Second Quarter 2010 Earnings Beat – Raises Revenue Outlook
FLIR Systems Inc. (FLIR) reported a 5.7% increase in its earnings of 37 cents per share for the second quarter of 2010, beating the Zacks Consensus Estimate of 35 cents per share. Revenue Total revenue for the quarter increased 19% year over year to $331.1 million. About $27...
23Jul2010 | vitalstocks | 0 comments | Continued(STI) SunTrust Second Quarter Earnings Shrinks Losses
SunTrust’s (STI) second quarter 2010 net loss was $56 million or 11 cents per share compared with a net loss of $229 million or 46 cents in the prior quarter and $164 million or 41 cents in the year-ago quarter. Results also beat the Zacks Consensus Estimate loss of 34 cents...
23Jul2010 | vitalstocks | 0 comments | Continued(PLXS) Plexus Third Quarter 2010 Earnings Beat The Street
Plexus Corp. (PLXS) reported third quarter 2010 earnings of 59 cents per share, beating the Zacks Consensus Estimate of 57 cents per share. Operating Performance Earnings per share climbed 156.5% from last year’s 23 cents. Sequentially, earnings per share escalated 16%....
23Jul2010 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Second Quarter 2010 Earnings Report Swings to Profit
KeyCorp (KEY) reported second quarter income from continuing operations of 6 cents per share, substantially better than the Zacks Consensus Estimate of a loss of 11 cents. This also compares much favorably with a net loss from continuing operations of 68 cents in the prior-year...
23Jul2010 | vitalstocks | 0 comments | Continued(RIG) Oil & Gas Industry Stock Review – July 2010 – Industry Outlook
OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level in late April/early May 2010. However, in recent days, concerns about the European debt...
23Jul2010 | vitalstocks | 0 comments | Continued(GHDX) Genomic Heath Incorporated – Bear of the Day
Genomic Health’s (GHDX) first quarter 2010 loss of $0.07 per share missed the Zacks Consensus Estimate of a loss of $0.03. Although the company’s lead product, Oncotype DX breast cancer test, recorded a year-over-year growth of 20%, revenues declined sequentially. Meanwhile,...
23Jul2010 | vitalstocks | 0 comments | Continued(MAR) Marriott International – Bull of the Day
Marriott’s (MAR) second quarter 2010 earnings were ahead of the Zacks Consensus Estimate, reflecting a higher-than-expected RevPAR growth, particularly in North America. The company has also raised its fiscal year 2010 outlook. In recent months, the entire industry has...
23Jul2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Incorporated – A Ridiculous Cash Position
Apple, Inc. (AAPL) just reported another awesome quarter that produced a solid 14% earnings surprise as the iPhone and iPad supercharge the company’s bottom line. Estimates are once again on the upswing for this Zacks #1 rank stock that many analysts are calling the best...
22Jul2010 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust’s Second Quarter Report Beats Estimates
Northern Trust Corporation’s (NTRS) second quarter earnings of 82 cents per share outpaced the Zacks Consensus Estimate of 74 cents per share, despite the low interest rate environment and lingering economic recovery. In last year’s second quarter, the company reported...
22Jul2010 | vitalstocks | 0 comments | Continued(DELL) Dell Acquires Technology Start-up Ocarina Networks
Texas-based PC maker Dell Inc. (DELL) recently announced that it has signed a definitive agreement to acquire privately held Ocarina Networks, to enhance its data management capabilities. Dell expects to wrap up the Ocarina acquisition by the end of this month. They however did...
22Jul2010 | vitalstocks | 0 comments | Continued(BP) BP Divests Assets to Apache
BP plc (BP) has taken the first tangible step towards divestiture of assets worth $10 billion announced last month. The financially troubled U.K. major will sell $7 billion worth of upstream assets to Apache Corp. (APA). The agreement includes several transactions, expected to...
22Jul2010 | vitalstocks | 0 comments | Continued(SWK) Stanley Black & Decker’s Second Quarter Earnings Surpass Estimate
Stanley Black & Decker (SWK) has reported financial results for the second quarter of 2010. Earnings per share from continuing operations were $1.24, up 39.3% compared with 89 cents in the comparable quarter of 2009. EPS surpassed the Zacks Consensus Estimate of 77 cents. Net...
22Jul2010 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Second Quarter 2010 Earnings Miss by a Wide Margin
Genzyme Corporation (GENZ) reported second quarter earnings of 6 cents per share (excluding one-time items but including the impact of stock-based compensation expense), well below the Zacks Consensus Estimate of 36 cents and the year-earlier earnings of 64 cents. Excluding the...
21Jul2010 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Earnings Marginally Beat Expectations
A leading provider of banking and payment technology to financial institutions and government organizations, Fidelity National Information Services Inc. (FIS) reported second quarter 2010 results that beat the Zacks Consensus Estimate of 45 cents by a penny. Earnings Earnings...
21Jul2010 | vitalstocks | 0 comments | Continued(MCO) Citigroup Earns Stable Rating From Moody’s Investors Services
On Monday, Moody’s Investors Services, a unit of Moody’s Corp. (MCO) raised its outlook for Citigroup Inc.’s (C) stand-alone bank financial strength rating to “Stable” from “Negative”. The revision is based on the company’s fortified...
21Jul2010 | vitalstocks | 0 comments | Continued