Archive for August, 2010
(AU) Under Armour – Second Quarter Earnings Blast 133% Above Expectations
Under Armour, Inc. (AU) just hit a new multi-year high at $40 after reporting an awesome Q2 earnings surprise of 133% on July 27. This Zacks #1 rank stock now has an average earnings surprise of 53% over the last four quarters and a bullish next-year estimate projecting 21% earnings...
3Aug2010 | vitalstocks | 0 comments | Continued(BGFV) Big 5 Sporting Goods – Bear of the Day
Big 5 Sporting Goods (BGFV) posted a 0.5% decline in same-store sales during the second quarter of 2010, missing its own prediction of low-single digit growth. Consequently, the company slashed its earnings guidance for the second quarter to $0.20 – $0.23 per share from...
3Aug2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific – Earnings 15.7% Ahead of Estimates
Union Pacific (UNP) is firing on all cylinders. Volumes are up; pricing is robust; and profit margins are higher. Its business momentum should remain strong throughout the second half of 2010 even if economic growth continues to decelerate. Growth and Income The company is expected...
3Aug2010 | vitalstocks | 0 comments | Continued(EP) El Paso In Joint Venture With AGL Resources on Pipeline Business
El Paso Corporation (EP) has entered into a 50/50 joint venture with AGL Resources Inc. (AGL), an Atlanta-based energy service company, for the distribution of liquefied natural gas (LNG) across the southeastern United States. The joint venture, Southeast LNG Distribution Company,...
3Aug2010 | vitalstocks | 0 comments | Continued(AMPH) American Physicians Service Group Earnings Beat Estimates
American Physicians Service Group Inc.’s (AMPH) second-quarter operating earnings of 88 cents per share comfortably surpassed the Zacks Consensus Estimate of 68 cents per share. The company had earned 82 cents per share in the prior-year quarter. The improvement in results...
3Aug2010 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Announces Spinoff of FrontPoint Partners
Morgan Stanley (MS) is planning to spin-off FrontPoint Partners, a hedge fund business, in the next three months, according to a report on CNBC yesterday. FrontPoint, the Greenwich, Connecticut based hedge fund, was acquired in 2006 by Morgan Stanley’s Investment Management...
3Aug2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide Uses Aloft Brand to Focus on India
Starwood Hotels & Resorts Worldwide Inc. (HOT) with its tech-savvy brand Aloft is set to explore the Indian hotel market. Starwood inaugurated its first Aloft hotel in Chennai a month ago. In September, the hotelier will open its second Aloft hotel in Bangalore at Whitefield....
3Aug2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Earnings Misse Consensus Numbers
Juniper Networks Inc. (JNPR) posted strong second quarter 2010 results, with earnings per share of 22 cents, below the Zacks Consensus Estimate of 24 cents. Revenue Juniper Networks’ revenue for the second quarter rose 24.0% year-over-year to $978.3 million. The company generated...
2Aug2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Earnings Preview
Cardinal Health (CAH) is slated to report fourth-quarter and fiscal 2010 (ending June 30, 2010) results on Thursday, August 5, 2010. The company earlier issued earnings per share guidance in the range of $2.15 to $2.20 for fiscal 2010. The current Zacks Consensus Estimate for...
2Aug2010 | vitalstocks | 0 comments | Continued(L) Loews Quarterly Earnings Beat on Bottom Line
Loews Corporation (L) reported its second-quarter 2010 net income of 87 cents per share, beating the Zacks Consensus Estimate of 82 cents. Results compare favorably with 78 cents per share in the prior-year quarter. Net income was $366 million compared with $340 million in second...
2Aug2010 | vitalstocks | 0 comments | Continued(AET) Aetna and CVS Caremark Strike Deal
Last week, health insurer Aetna Inc. (AET) announced that it has entered into a 12-year contract with pharmacy benefit manager (PBM) CVS Caremark (CVS). Pursuant to the agreement, Caremark will act as a PBM of Aetna’s prescription drug program for its Pharmacy Benefit Unit....
2Aug2010 | vitalstocks | 0 comments | Continued(ADM) Employment and Earnings to Share Stage – Earnings Preview
Earnings Preview 7/30/10 Earnings season will be still going strong next week. There will be 1,161 firms reporting Incorporatedluding 106 S&P 500 firms. The firms reporting are some of the biggest and most important bellwethers of the economy, and slice across a wide spectrum...
2Aug2010 | vitalstocks | 0 comments | Continued(T) AT&T Earnings Outperform Expectations
AT&T Inc. (T) declared its second-quarter earnings of 61 cents per share, surpassing the Zacks Consensus Estimate of 57 cents. The results were declared before the market opened on July 22, 2010. Earnings increased 13% year over year, excluding the one-time gain from the...
2Aug2010 | vitalstocks | 0 comments | Continued(BP) BP Slips As Expected
BP Plc (BP) posted a second-quarter 2010 loss of $5.48 per American Depositary Share (ADS), well below the Zacks Consensus Estimate of $1.44 and the year-earlier profit of $1.40. The loss was mainly due to a pre-tax charge of $32.2 billion related to the Gulf of Mexico (GoM)...
2Aug2010 | vitalstocks | 0 comments | Continued(X) U.S. Steel Earnings Report Falls Far Short
The leading steel manufacturer in the U.S. and the fifth largest in the world, United States Steel Corp. (X), delivered adjusted earnings per share (EPS) of 45 cents in its second quarter ended June 30, 2010, which fell short of the Zacks Consensus Estimate of 63 cents. EPS in...
2Aug2010 | vitalstocks | 0 comments | Continued(NYT) The New York Times Company Earnings Report Beats The Street
The New York Times Company (NYT) recently posted better-than-expected second-quarter 2010 results that topped Zacks’ expectations. The quarterly earnings of 18 cents a share surpassed the Zacks Consensus Estimate of 14 cents, and rose more than twofold from 8 cents delivered...
2Aug2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide Earnings Top Estimates
Starwood Hotels & Resorts Worldwide Inc. (HOT) reported its second-quarter adjusted earnings from continuing operations of 35 cents, well ahead of the Zacks Consensus Estimate of 25 cents and the year-earlier quarter’s earnings of 22 cents. Including a benefit of $12 million...
2Aug2010 | vitalstocks | 0 comments | Continued(T) Is it Time to Hang-Up on AT&T Stock?
by Tony Daltorio, Investment U Research Thursday, July 22, 2010 AT&T (NYSE: T) and its shareholders have it pretty rough these days. With shares down about 12% since January, the future does not look bright. The company did enjoy acquisition-fueled growth over much of the...
2Aug2010 | InvestmentU | 0 comments | Continued(EMC) EMC Earnings for Second Quarter 2010 Beat Marginally
EMC Corporation’s (EMC) second quarter 2010 earnings of 23 cents per share exceeded the Zacks Consensus Estimate of 22 cents per share by a penny. Earnings per share increased 76.9% from 13 cents reported in the year-ago period, boosted by strong growth in storage spending...
2Aug2010 | vitalstocks | 0 comments | Continued(KEP) Korea Electric Power Company Reports Loss From Costs
State-run utility behemoth Korea Electric Power Corporation (KEP), in the first half of 2010 Incorporatedurred a net operating loss of KRW2.3 trillion (USD$1.9 billion), an increase of 53.2%, compared with a net operating loss of KRW1.5 trillion (USD$1.3 billion) in the first...
2Aug2010 | vitalstocks | 0 comments | Continued(AXP) American Express Company Earnings Exceed Estimates
On July 22, 2010, American Express Company (AXP) reported its second-quarter income from continuing operations of $1.0 billion or 84 cents per share, ahead of the Zacks Consensus Estimate of 78 cents. The significant surge in earnings for American Express was attributable to...
2Aug2010 | vitalstocks | 0 comments | Continued(C) Citigroup Announces Closure of Subprime Lending Offices
Citigroup Inc.’s (C) unit CitiFinancial Services has closed nine Minnesota subprime lending offices at the end of June, according to a report in The Business Journal. The shuttered branches were located at Burnsville, Maple Grove, Alexandria, Austin, Blaine, North Branch, Virginia,...
2Aug2010 | vitalstocks | 0 comments | Continued(SOHU) Sohu.com Earnings Report Beats Consensus
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong second quarter 2010 results. Earnings Incorporatedluding stock based compensation expense increased 3.8% year-over-year to 82 cents per share, beating the Zacks Consensus Estimate of 80...
2Aug2010 | vitalstocks | 0 comments | Continued(HSP) Hospira Second Quarter 2010 Earnings Preview
Hospira Inc. (HSP) is scheduled to report its second quarter 2010 results on Wednesday, July 28, before the opening bell. The Zacks Consensus Estimate for the quarter is earnings of 79 cents per share (with an upside of 2.53%), compared with earnings of 73 cents per share in...
2Aug2010 | vitalstocks | 0 comments | Continued(BCS) Seven European Banks Fail Stress Tests
Europe stress-test results are out and only seven banks were found to be incapable of enduring another recession. However, no major banks have failed the test. The findings of the stress test that covered around 91 banks — accounting for 65% of the banking market in Europe...
2Aug2010 | vitalstocks | 0 comments | ContinuedAug 2, 2010: American Association of Individual Investors Asset Allocation Report
Individual investors allocated 51.7% of their portfolios to stocks and stock funds last month, a 1.2 percentage point drop from June. The historical average is 60%. Bonds and bond funds accounted for 24% of individual investors’ portfolios. This was a 2.4 percentage...
2Aug2010 | vitalstocks | 0 comments | Continued(ALK) Alaska Air Group – Revenue for the Period Was Up 16%
Alaska Air Group, Inc. (ALK) is once again pressuring its all-time high after reporting excellent Q2 results on July 22 that saw income double from last year. With the current-year estimate pegged at $6.59, a 168% growth projection from last year, analaysts are looking for a...
2Aug2010 | vitalstocks | 0 comments | Continued(UAUA) UAL Corporation – Bull of the Day
We are maintaining our Outperform recommendation on UAL Corp. (UAUA). The company’s second-quarter results surpassed the Zacks Consensus Estimate and recorded its highest quarterly profit in 11 years. Despite the ongoing weather challenges, earnings were driven by good...
2Aug2010 | vitalstocks | 0 comments | Continued(RMBS) Rambus Learns of Favorable U.S. International Trade Commission Ruling
Technology licensing company Rambus Inc. (RMBS) received a favorable ruling from the U.S. International Trade Commission (ITC) for lawsuits filed against various parties Incorporatedluding chip maker Nvidia Corp. (NVDA) and PC makers Hewlett-Packard Co. (HPQ) and Asus Computer...
2Aug2010 | vitalstocks | 0 comments | Continued(SNDK) SanDisk Corporation – Beat Earnings by 25.6% in the Second Quarter
SanDisk Corporation (SNDK) keeps defying skeptics expecting a tech slowdown as it once again surprised on the Zacks Consensus Estimate for the fourth quarter in a row. SanDisk manufactures flash memory cards for mobile phones, digital cameras and camcorders, embedded memory for...
2Aug2010 | vitalstocks | 0 comments | Continued