Archive for August, 2010
(MFE) McAfee Meets The Street Consensus
McAfee Inc. (MFE) reported second-quarter 2010 earnings per share of 46 cents, in line with the Zacks Consensus Estimate, while revenue of $489.2 million was below the Zacks consensus estimate of $507.0 million. Revenue McAfee Inc. reported second quarter 2010 GAAP revenue of...
1Aug2010 | vitalstocks | 0 comments | Continued(ITT) ITT Beats Earnings Expectations on Lower Revenue
ITT Corporation’s (ITT) second quarter 2010 earnings results, released before the opening bell today, beat the Zacks Consensus Estimate on the bottomline. The company reported earnings per share from continuing operation of $1.22, which increased 12% year over year and was...
1Aug2010 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Company Far Exceeds Expectations
Goodyear Tire & Rubber Company (GT) saw a profit of $31 million or 12 cents per share (excluding special items) in the second quarter of the year in sharp contrast to a loss of $240 million or $1.00 per share (excluding special items) in the same quarter a year ago. The company...
1Aug2010 | vitalstocks | 0 comments | Continued(CNMD) Conmed’s Second Quarter Earnings Report Tops Expectations – Profit Soars
Conmed Corporation (CNMD) reported second-quarter fiscal 2010 adjusted earnings per share of 32 cents, comfortably beating the Zacks Consensus Estimate of 26 cents while surpassing year-ago earnings of 17 cents. Restructuring expenses include costs of transferring product lines...
1Aug2010 | vitalstocks | 0 comments | Continued(PBR) Petrobras Shares Are on Sale
by David Fessler, Energy and Infrastructure Expert Friday, July 30, 2010: Issue #1313 Oil. A touchy subject these days, I know – even with cleanup crews in the Gulf successfully removing much of the spilled oil from the water. But I don’t want to talk about U.S. oil in...
1Aug2010 | InvestmentU | 0 comments | Continued(BP) BP Deepwater Horizon Disaster Illustrates The Risks of Deep Water Drilling
by Tony D’Altorio, Investment U Research Wednesday, July 28, 2010 The Deepwater Horizon disaster serves as a tragic reminder of oil’s shortcomings. In particular, it shows how the industry is trying to operate in very tricky conditions when it comes to deep water drilling....
1Aug2010 | InvestmentU | 0 comments | Continued(STT) State Street Corporation’s Second Quarter 2010 Earnings Scorecard
State Street Corporation (STT) reported its second-quarter 2010 results on July 20. Operating earnings for the reported quarter were in line with the Zacks Consensus Estimate. However, investors were clearly not buoyant with these results. As a result, the share price plummeted...
1Aug2010 | vitalstocks | 0 comments | Continued(REGN) Regeneron Pharmaceuticals’ Quarterly Loss Narrower than Expected
Regeneron Pharmaceuticals Inc.’s (REGN) second-quarter 2010 net loss of $25.5 million, or 31 cents per share, was narrower than the Zacks Consensus Estimate of a net loss of 38 cents. The company suffered a loss of $14.9 million, or 19 cents per share in the year-ago quarter....
1Aug2010 | vitalstocks | 0 comments | Continued(SWK) Stanley Black & Decker Acquires CRC-Evans International
Stanley Black & Decker (SWK) announced the acquisition of CRC-Evans International for roughly $445 million in a cash transaction from a consortium of investors led by Natural Gas Partners, a private equity firm. CRC-Evans International, with approximately $250 million revenue...
1Aug2010 | vitalstocks | 0 comments | Continued