Archive for October, 2010
(HGSI) Human Genome Sciences Reports Narrower Than Expected Earnings Loss
Human Genome Sciences Inc.’s (HGSI) third quarter 2010 loss of 22 cents per share was narrower than the Zacks Consensus Estimate of a loss of 36 cents and the year-ago loss of 32 cents. The narrower loss in the reported quarter was attributable to the massive jump in revenues...
30Oct2010 | vitalstocks | 0 comments | Continued(MT) Steel Industry Outlook – November 2010 – Industry Outlook
The U.S. houses one of the world’s largest steel industries. It is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. ArcelorMittal (MT) is the world’s largest steel company, with crude steel production of 73.2 million tons...
30Oct2010 | vitalstocks | 0 comments | Continued(PCE) How Did the U.S. Economy Reach 2.0% Growth in Third Quarter?
In the third quarter, the economy grew at an annual rate of 2.0%, up from 1.7% in the second quarter, but down from the 3.7% pace in the first three months of the year. The growth rate was in line with consensus expectations, and frankly a bit better than I was expecting. So...
30Oct2010 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Reports Nice Upside Earnings Surprise
After the closing bell Thursday, Microsoft Corporation (MSFT) posted impressive earnings results from its fiscal 1st quarter of 2011. The software giant brought in 62 cents per share in the quarter on revenues of $16.2 billion. The Zacks Consensus Estimates were 55 cents per...
29Oct2010 | vitalstocks | 0 comments | Continued(CCL) U.S. Economy Surges According to Cruise Lines and Travel Websites?
by Alexander Moschina, Investment U Research Friday, October 29, 2010 It may surprise you to learn that cruise lines, Carnival (NYSE: CCL) and Royal Caribbean (NYSE: RCL) helped funnel $35 billion into the United States last year. With a record 13.44 million passengers hitting...
29Oct2010 | InvestmentU | 0 comments | Continued(VRTX) Vertex Pharmaceuticals Reports Wider Loss
Vertex Pharmaceuticals Inc. (VRTX) posted a higher third-quarter loss (including stock-based compensation expense) of 99 cents per share, compared with the Zacks Consensus Estimate of a loss of 91 cents and the year-ago loss of 83 cents. Increased expenses related to the potential...
29Oct2010 | vitalstocks | 0 comments | Continued(ACAD) Acadia Pharmaceuticals Gets Pimavanserin Back
This morning, Acadia Pharmaceuticals (ACAD) announced that it has entered into an agreement with Biovail Labs (BLS), a wholly owned subsidiary of Valeant Pharmaceuticals International, to conclude the previously established collaboration to develop and commercialize pimavanserin...
28Oct2010 | vitalstocks | 0 comments | Continued(NBL) Noble Energy Tops Expectations – Sales Forecast Robust
Noble Energy Inc. (NBL) reported adjusted earnings per share of $1.27 for the third quarter of 2010, which outdid the Zacks Consensus Estimate of 81 cents as well as the year-ago earnings of $1.10. The outperformance was mainly driven by robust volume growth across the company’s...
28Oct2010 | vitalstocks | 0 comments | Continued(LSI) LSI Corporation Revenue Misses Expectations but Earnings Top
California-based semiconductor company LSI Corp. (LSI) reported revenues of $629 million in the third quarter of 2010, up 8.8% year over year but down 1.6% sequentially and toward the low end of management’s guidance of $625 – $655 million. The results missed the Zacks Consensus...
28Oct2010 | vitalstocks | 0 comments | Continued(CCE) Coca-Cola Enterprises Reports Earnings Beat
Coca-Cola Enterprises Inc. (CCE) recorded earnings per share of 58 cents a share (including results from Norway and Sweden), which topped the Zacks Consensus Estimate of 54 cents. Prior-year quarter earnings were 50 cents. Results for the reported quarter include Norway and Sweden...
28Oct2010 | vitalstocks | 0 comments | ContinuedBullish Sentiment Near 2-1/2 Year High – 28 Oct. 2010 – AAII Sentiment Survey
Optimism among individual investors reached its highest level in nearly two and one-half years, according to the latest AAII Sentiment Survey. Bullish sentiment, expectations that stock prices will rise over the next six months, rose 1.6 percentage points to 51.2%. The...
28Oct2010 | Shawn | 0 comments | Continued(SKX) Skechers USA Earnings Report for Third Quarter 2010 Misses Estimates
Skechers USA Inc. (SKX), the designer, marketer and distributor of footwear, recently delivered third-quarter 2010 results that missed the Zacks’ expectation for both the top and bottom lines. The Zacks Consensus Estimate had been falling prior to the earnings announcement. The...
28Oct2010 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Reports Profit Decrease Due to Costs
SK Telecom Corp. Ltd. (SKM), a leading South Korean telecom operator, declared depressed financial results for third quarter 2010. Net income plunged 13% year over year to KRW 364 billion ($309 million) due to higher investment in network as well as increased marketing campaign...
28Oct2010 | vitalstocks | 0 comments | Continued(BX) Stock Market News for October 28, 2010 – Market News
After swinging back and forth for much of the session, stocks closed mostly in the red Wednesday amid concerns that the Fed’s planned purchase of Treasury bonds would not be as heavy and swift as earlier anticipated. Traders are eagerly awaiting a Federal Reserve move to inject...
28Oct2010 | vitalstocks | 0 comments | Continued(AVP) Company News for October 28, 2010 – Corporate Summary
• Visa (NYSE:V) posted inline fiscal fourth quarter results of $0.95 on revenues of $2.12 billion up from Zacks projections of $2.08 billion • Las Vegas Sands (NYSE:LVS) reported estimate-topping third quarter results of $0.34, ahead of Zacks estimates of $0.23, on revenues...
28Oct2010 | vitalstocks | 0 comments | ContinuedOct 28: Initial Claims Fall – Economic Highlights
Initial Claims decreased to 434,000, for the week ending 10/23, against the expected decrease to 451,000, after decreasing to 455,000, the revised level for the previous week. The 4-week moving average decreased to 453,250, from the previous week’s revised average of 458,750....
28Oct2010 | vitalstocks | 0 comments | Continued(V) Visa Fourth Quarter 2010 Earnings In Line with The Street
Yesterday, Visa Inc.’s (V) fiscal fourth quarter 2010 (ended September 30, 2010) operating earnings of 95 cents per Class A common share were in line with the Zacks Consensus Estimate but came in substantially ahead of 74 cents reported the year-ago quarter on lower share count. Visa’s...
28Oct2010 | vitalstocks | 0 comments | Continued(GS) How to Unlock Gains From Corporate America
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, October 27, 2010: Issue #1375 Corporate America has a problem. It has too much cash. Hang on… having too much cash isn’t bad, right? On the contrary, in fact. It seems like a nice problem to have. But shareholders...
27Oct2010 | InvestmentU | 0 comments | Continued(AEP) Company News for October 27, 2010 – Corporate Summary
• Procter & Gamble (NYSE:PG) reported fiscal first quarter earnings $0.02 better than expected at $1.02 on a 1.6% revenue gain to $20.1 billion, just below Zacks estimates of $20.2 billion. The company said it sees fiscal 2011 guidance earnings of $3.91 to $4.01 • Whirlpool...
27Oct2010 | vitalstocks | 0 comments | Continued(CBI) Chicago Bridge & Iron Earnings Beat The Street
Chicago Bridge & Iron Company (CBI), a.k.a. CB&I, has reported its third quarter 2010 results. Net income was $51.8 million, or 52 cents per share, topping the Zacks Consensus Estimate of 48 cents per share. Quarterly revenue was $909 million, which was below the Zacks...
27Oct2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Earnings Scorecard – Estimate Revisions
Third Quarter Revisited Medical technology giant Stryker Corp. (SYK) posted better-than-expected third quarter results with earnings of 80 cents per share exceeding the Zacks Consensus Estimate of 77 cents while net income rocketed 47.5% year-over-year led by sustained healthy...
26Oct2010 | vitalstocks | 0 comments | Continued(AAI) Hypercom Investors Investors Love Company Turning Down $290 Million
by Alexander Moschina, Investment U Research Friday, October 22, 2010 There’s nothing like a good takeover deal to really light a fire under a company’s shares. Take AirTran (NYSE: AAI), for example. Its shares catapulted 168% higher after the firm accepted a bid from...
26Oct2010 | InvestmentU | 0 comments | Continued(HBAN) Huntington Bancshares Earnings Beat Wall Street Estimates
Huntington Bancshares Incorporated (HBAN) reported a third quarter 2010 profit of $100.9 million or 10 cents per share, ahead of the Zacks Consensus Estimate of 6 cents. This also compares favorably with earnings of $48.8 million or 3 cents a share in the prior quarter and a...
26Oct2010 | vitalstocks | 0 comments | Continued(WPPGY) Investing in Emerging Markets With Online Consumer Preferences
by Tony D’Altorio, Investment U Research Friday, October 22, 2010 A recent survey by TNS, the market researcher owned by WPP ADR (Nasdaq: WPPGY), showed the Internet as perhaps the most important form of communication. It also found that 61% of people with Internet access...
26Oct2010 | InvestmentU | 1 comment | Continued(HON) Honeywell International Earnings Beat The Street – Boosts Outlook
Honeywell International Inc. (HON) released its third quarter 2010 earnings result before the opening bell today, reporting earnings from continuing operations of 64 cents, outperforming the Zacks Consensus Estimate by a cent. The company witnessed particularly strong growth...
26Oct2010 | vitalstocks | 0 comments | Continued(RMBS) Rambus Posts Third Quarter 2010 Earnings Loss
Rambus Inc.(RMBS) posted a third quarter 2010 loss per share of 27 cents, missing the Zacks Consensus Estimate of 17 cents. The adjusted loss per share excludes restatement and related legal charges and gain from a legal settlement. Shares dipped 1.66% after the market closed. Revenue Rambus...
26Oct2010 | vitalstocks | 0 comments | Continued(SIVR) Is Silver Set to Beat Out Gold?
by Tony D’Altorio, Investment U Research Monday, October 25, 2010 Silver has served as a measure of value and currency for over 4,000 years. As early as around 600 B.C., citizens of Lydia used it for coins. But while hardly new, it’s still giving investors something to...
26Oct2010 | InvestmentU | 0 comments | Continued(GWW) W.W. Grainger – Earnings Beat The Street
W.W. Grainger (GWW) delivered another strong quarter on October 14 followed once again by increased sales and earnings guidance going forward. This prompted analysts to raise their estimates, which propelled the stock to a Zacks #1 Rank (Strong Buy). The company also continues...
26Oct2010 | vitalstocks | 0 comments | Continued(GOOG) Google Incorporated – Bull of the Day
Google‘s (GOOG) third quarter earnings beat the Zacks Consensus Estimate, signaling a much stronger second half of 2010 than anticipated. Additionally, Google provided color on its display, mobile and video business for the first time this quarter, which resulted in nearly...
26Oct2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Profits – Client Funds Inflow Positive Now
UBS AG (UBS) has posted a profit in the third quarter of 2010 and has reported positive client money flows after reporting outflows for the past several quarters. The company reported a net profit of CHF 1.7 billion ($1.7 billion) compared with CHF 2.0 billion in the prior quarter...
26Oct2010 | vitalstocks | 0 comments | Continued