Archive for August, 2010
(ANF) July 2010 Retail Sales Come in Sluggish
Retailers are off to a slow start in the second half of the year as July same-store sales came in below expectations. July is usually a mild sales month as retailers rely heavily on promotions to clear out their summer stocks and spring merchandise as they head into the back-to-school...
9Aug2010 | vitalstocks | 0 comments | Continued(SNE) Japan – The Land of the Rising Dividend Yield
by Tony D’Altorio, Investment U Research Friday, August 6, 2010 Japan can honestly claim some of the most unloved stocks in the world. After getting burned one too many times, international money managers won’t touch it anymore. And individual investors don’t trust it...
9Aug2010 | InvestmentU | 0 comments | Continued(EWJ) Shotguns, Rifles and Big-game Hunting – Global Investing Strategies… Wall Street Style
by Carl Delfeld, Contributing Editor Thursday, August 5, 2010: Issue #1317 Editor’s Note: Today, we welcome a new contributing editor to Investment U – Carl Delfeld, who boasts an impressive resume, with his career focusing on global finance and investing. Here is his...
9Aug2010 | InvestmentU | 0 comments | Continued(SNN) Smith & Nephew Earnings Beat by a Cent
Smith & Nephew (SNN) reported EPADS (earning per American Depositary Share) of 86 cents in the second quarter of 2010, beating the Zacks Consensus Estimate by a penny and the year-ago quarter’s 77 cents. Smith & Nephew reported a 4% year over year increase in revenue...
8Aug2010 | vitalstocks | 0 comments | Continued(USM) U.S. Cellular’s Loss Widens – Outlook Dips
U.S. Cellular (USM), the wireless subsidiary of Telephone and Data Systems (TDS), reported its second-quarter 2010 results with earnings per share of 47 cents, far behind the Zacks Consensus Estimate of 68 cents, while also declining from 94 cents a year ago. Net income plummeted...
8Aug2010 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Beats Earnings Consensus
ValueClick Inc.’s (VCLK) second-quarter 2010 results (both earnings and revenue) beat the Zacks Consensus Estimates, demonstrating the company’s focus on driving growth. Results were boosted by prudent cost controls. Revenue, adjusted EBITDA and earnings per share exceeded...
8Aug2010 | vitalstocks | 0 comments | Continued(ATVI) Activision Blizzard Marginally Beats
A leading publisher of online, personal computers, console, handheld and mobile games, Activision Blizzard Inc. (ATVI) reported second-quarter earnings of 5 cents per share, which beat the Zacks Consensus Estimate by 2 cents but was down a penny per share year over year. The...
8Aug2010 | vitalstocks | 0 comments | Continued(ECLP) Eclipsys Glides on Higher Sales
Eclipsys Corporation’s (ECLP) second-quarter fiscal 2010 adjusted earnings of 16 cents per share outshone the Zacks Consensus Estimate of 10 cents while matching the year-ago earnings. Adjusted earnings exclude special items such as restructuring charges, merger costs, amortization...
8Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Shines in Low-Income Lending
Bank of America Corp. (BAC) said on Thursday that it has gained an “outstanding” rating from the Office of Comptroller of the Currency for fulfilling or going beyond the requirements of affordable housing, small business lending and many other areas of underserved communities....
7Aug2010 | vitalstocks | 0 comments | Continued(PXP) Plains Exploration & Production’s Earnings Meet Expectations
Plains Exploration & Production Co. (PXP) posted second-quarter earnings of 26 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago profit of 60 cents. Operating Results Net revenues of $364.6 million dipped 2.5% (negative surprise) from the...
7Aug2010 | vitalstocks | 0 comments | Continued(WPPGY) WPP Group Announces Aquisition of Geoff Howe
Ireland-based advertising titan WPP Group Plc. (WPPGY), through its global healthcare communications unit, ghg, acquired a 100% stake in Geoff Howe Holdings Inc. The acquired company owns a 100% stake in a US-based agency engaged in marketing of animal health, diet and nutrition...
7Aug2010 | vitalstocks | 0 comments | Continued(ANF) U.S. Employment Report Reviewed In-Depth
In July, the unemployment rate remained unchanged at 9.5% even though the economy lost a total of 131,000 jobs. The unemployment rate a year ago was at 9.4%. However, the private sector added 71,000 jobs. The big reason for the overall loss of jobs was that 143,000 temporary...
6Aug2010 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Reports 2010 Fourth Quarter Profits but Misses
A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced fourth quarter 2010 results. Earnings on a non-GAAP basis were a profit of 30 cents, significantly up from the loss of 43 cents record a year-earlier. However, earnings...
6Aug2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Gains on Higher Second Quarter Revenues
Life insurer Prudential Financial Inc.’s (PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in the year-ago quarter. Results for the quarter benefited from strong annuity...
6Aug2010 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Announces Expansion of Facility in China
In order to provide better service to its Asia-Pacific customer base, TRW Automotive Holdings Corp. (TRW) has recently initiated the production of electric power steering (“EPS”) from its facility located in Anting, China. As a fuel-saving and emission reducing technology,...
6Aug2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Beats Earnings Expectations by a Cent
El Paso Corporation (EP) announced its second-quarter 2010 operating earnings of 22 cents per share, which beat the Zacks Consensus Estimate by a penny. The results of the company were lower than year-ago earnings of 25 cents per share. GAAP earnings in the quarter were 21 cents...
6Aug2010 | vitalstocks | 0 comments | Continued(HNT) Health Net Second Quarter 2010 Earnings Pass Estimates
Health Net Inc. (HNT) reported second quarter earnings per share (EPS) of 45 cents compared to earnings of 38 cents in the first quarter of 2009. The reported quarter included $24.9 million in charges arising from cost cuts and other expenses, partially offset by a net benefit...
6Aug2010 | vitalstocks | 0 comments | Continued(RIMM) The Downfall of Research in Motion’s CrackBerry
by Tony D’Altorio, Investment U Research Thursday, August 5, 2010 When Canadian manufacturer Research in Motion (Nasdaq: RIMM) launched the BlackBerry in 2002, it did very well, (commonly referred to as the “CrackBerry,” given its addictive nature). The smartphone’s...
6Aug2010 | InvestmentU | 0 comments | Continued(MS) Social Security Still in Good Shape
This morning the annual report on the Social Security trust fund was finally released (it normally comes out in April). To read it in full see here, but a word of warning — it’s very long. Here are the key findings: “The projected point at which the combined Trust...
6Aug2010 | vitalstocks | 0 comments | Continued(SNTS) Santarus Earnings Beat Expectations on Higher Revenues
Santarus Inc. (SNTS) reported second-quarter earnings of 10 cents per share, well above the Zacks Consensus Estimate of 4 cents and the year-ago earnings of 2 cents. Total revenues, consisting of net product sales, promotion revenues and license and royalty revenues came in at...
6Aug2010 | vitalstocks | 0 comments | Continued(ACAS) American Capital’s Earnings for Second Quarter 2010 Fall Short
American Capital Ltd’s (ACAS) second quarter operating income of 9 cents per share had fallen short of the Zacks Consensus Estimate by 5 cents. The results were negatively affected due to a rise in debt refinancing costs. Last year, the results were in line with the earnings. Total...
6Aug2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Beat Forecasts by a Sliver
Leading pelvic-health device provider American Medical Systems (AMMD) reported second-quarter fiscal 2010 adjusted (excluding amortization charges) earnings per share of 31 cents, beating the Zacks Consensus Estimate by a penny while leaping ahead of the year-ago earnings of...
6Aug2010 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Beats Earnings Expectations – Reaffirms Guidance
Electronic Arts (ERTS) reported strong first quarter 2011 earnings and reaffirmed its full-year 2011 non-GAAP guidance. Electronic Arts reported a loss per share of 38 cents as compared with an estimated loss of 50 cents according to the Zacks Consensus. Loss per share includes...
6Aug2010 | vitalstocks | 0 comments | Continued(ATVI) Activision Blizzard’s Sales Break Records
A leading publisher of online, personal computers, console, handheld and mobile games, Activision Blizzard Inc. (ATVI) recently noted that its flagship action game, Call of Duty’s map packs sold more than 20 million units to date as measured during the second quarter of 2010,...
6Aug2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health’s Report Beats Expectations by a Penny
Cardinal Health (CAH) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time expenses) earnings per share of 50 cents and $2.22 respectively, exceeding the Zacks Consensus Estimates of 49 cents and $2.21, respectively, but below the year-ago results of 63 cents...
6Aug2010 | vitalstocks | 0 comments | Continued(CRL) Charles River Laboratories International’s Earnings Miss Expectations – Curbs Expectations
Charles River Laboratories International Inc.’s (CRL) second quarter 2010 earnings (excluding special items) of 49 cents per share fell short of the Zacks Consensus Estimate of 54 cents. This was approximately 25.8% below the year-ago earnings (excluding special items) of 66...
6Aug2010 | vitalstocks | 0 comments | Continued(SHOO) Steven Madden – Net Income up 63%
Steven Madden (SHOO) is pressuring its all-time high as earnings estimates continue to climb on the heels of a record-setting quarter. Company Description Steven Madden makes footwear and accessories for the entire family through owned and licensed brands. Net Income up 63% On...
6Aug2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Eastman’s Best Quarter Ever
Eastman Chemical Company (EMN) continues to be hot as it recently posted a big beat for the second quarter as sales jumped 38% on higher volumes. Eastman is cheap, with a forward P/E of just 9.9. Eastman manufactures specialty chemicals, polymers and specialty plastics which...
6Aug2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec – Bull of the Day
Biogen Idec (BIIB) reported second-quarter earnings per share of $1.27, well above the year-ago figure of $0.73 and the Zacks Consensus Estimate of $1.08. Revenue increased 11% to $1.2 billion, with Tysabri and Rituxan being the primary growth drivers. Based on second quarter...
6Aug2010 | vitalstocks | 0 comments | Continued(SKX) Skechers USA Incorporated – Revenue for the period was up 69%
Skechers USA, Inc. (SKX) is fresh off the heels of another awesome quarter, posting an 86% earnings surprise in late July. Estimates have since taken a nice jump forward, with the next-year estimate now projecting 12% growth. Company Description Skechers USA, Inc. designs and...
6Aug2010 | vitalstocks | 0 comments | Continued