Archive for November, 2010
(CTSH) Cognizant Technology Solutions Earnings Beat – Raises Guidance
Leading information technology services provider Cognizant Technology Solutions Corporation (CTSH) reported revenues of $1.217 billion in the third quarter of 2010, up 43% year over year and up 10.1% sequentially, exceeding the Zacks Consensus Estimate of $1.184 billion and...
3Nov2010 | vitalstocks | 0 comments | Continued(CI) CIGNA Quarterly Earnings Beat Estimates
CIGNA Corp.’s (CI) third quarter earnings of $1.10 per share were ahead of the Zacks Consensus Estimate of $1.06. The insurer earned $1.13 per share last year. Better-than-expected results came in due to improved contribution from Health Care, Disability & Life and International...
3Nov2010 | vitalstocks | 0 comments | Continued(CMG) Chipotle Mexican Grill Earnings Scorecard
On October 21, fast food restaurant chain Chipotle Mexican Grill Inc. (CMG) reported its third quarter 2010 earnings of $1.52 per share, well ahead of the Zacks Consensus Estimate of $1.30 and the year-earlier earnings of $1.08. Given below is our report on the recent earnings...
3Nov2010 | vitalstocks | 0 comments | Continued(ELN) Elan Quarterly Report Matches Earnings Estimates
Elan Corporation plc (ELN) reported loss per share of 7 cents for the third quarter of 2010, in line with the Zacks Consensus Estimate but way below the year-ago earnings of 11 cents per share. The year-ago quarter saw Elan recording a divestment gain of $107.7 million, which...
3Nov2010 | vitalstocks | 0 comments | Continued(HCP) HCP Incorporated Reports Quarterly Earnings in Line
HCP Inc. (HCP), a health care real estate investment trust (REIT), reported third quarter 2010 FFO (funds from operations) of $96.1 million or 31 cents per share, compared with $32.2 million or 11 cents in the year-earlier quarter. Fund from operations, a widely used metric to...
3Nov2010 | vitalstocks | 0 comments | Continued(CNMD) Conmed’s Third Quarter Profit Rockets
Conmed Corporation (CNMD) reported third quarter fiscal 2010 adjusted (excluding restructuring charges) earnings per share of 34 cents, topping both the Zacks Consensus Estimate and the year-ago earnings of 28 cents. Restructuring expenses include consolidation of three New York...
3Nov2010 | vitalstocks | 0 comments | Continued(JJS) Rising Sugar Prices Give Investors a Sugar High
by Tony D’Altorio, Investment U Research Tuesday, November 2, 2010 Sugar prices just keep going up. The granules now sit one cent away from a 30-year high. And sweet-toothed investors have captured over 125% from sugar’s low of 13 cents per pound in May… right when...
3Nov2010 | InvestmentU | 0 comments | Continued(MRO) Marathon Oil Quarterly Profits Shoot Up
Marathon Oil Corporation (MRO) – the fifth largest refiner and marketer of petroleum products in the U.S. – reported a jump in its third-quarter 2010 profits. As has been the case with the larger rivals that have already reported, such as ExxonMobil (XOM), ConocoPhillips...
3Nov2010 | vitalstocks | 0 comments | Continued(MA) MasterCard Quarterly Earnings Outshines Consensus Estimates
MasterCard Inc.’s (MA) third quarter operating earnings per share of $3.94 came in dramatically ahead of the Zacks Consensus Estimate of $3.54 and $3.45 in the year-ago quarter. Net income for the reported quarter was $518 million, up 14.6% from $452 million in the prior-year...
3Nov2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Agrees to Aquire Boston Scientific Unit for $1.5 Billion
Orthopedic devices giant Stryker Corp (SYK) has forged a definitive agreement to acquire medical devices major Boston Scientific’s (BSX) Neurovascular unit for $1.5 billion in cash. The Deal Under the deal terms, Stryker will pay $1.4 billion to Boston Scientific on the closure...
3Nov2010 | vitalstocks | 0 comments | Continued(EMR) Emerson Electric’s Quarterly Earnings Underperforms Estimate
Emerson Electric Co.’s (EMR) third quarter 2010 earnings result, released before the opening bell today, were below the Zacks Consensus Estimate on the top and bottom line. Earnings per share from continuing operations of 75 cents increased 12% year over year, but underperformed...
3Nov2010 | vitalstocks | 0 comments | Continued(OMC) Omnicom Group Aquires Communications Agency The Core
Unit of Omnicom Group Inc. (OMC), Diversified Agency Services (DAS), acquired the U.K. based design and communications agency, The Core. Part of Diversified Agency Services (DAS), Adelphi Worldwide, partnered with Face to Face GmbH, Cologne-based healthcare communications agency,...
3Nov2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Second Quarter 2011 Earnings Preview
Computer Sciences Corporation (CSC) is scheduled to announce its second quarter fiscal 2011 results on November 10, 2010, and we do not see substantial variation in analyst estimates at this point. First Quarter Overview The company reported decent first quarter 2011 numbers,...
3Nov2010 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Limited Misses Earnings Forecast – Beats Revenue
Wynn Resorts Limited (WYNN) reported third quarter 2010 adjusted earnings of 39 cents per share, below the Zacks Consensus Estimate of 41 cents, but above the year-ago quarter earnings of 33 cents. On a GAAP basis, net loss was $33.5 million or 27 cents per share versus a net...
3Nov2010 | vitalstocks | 0 comments | Continued(AET) Company News for November 3, 2010 – Corporate Summary
• WellPoint (NYSE:WLP) reported estimate-topping third quarter earnings of $1.74 a share, up from Zacks estimates of $1.58, on revenues of $14.33 billion, above Zacks estimates of $14.22 billion • Aetna (NYSE:AET) topped projections with third quarter results of $0.84 a...
3Nov2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for November 3, 2010 – Market News
Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more than...
3Nov2010 | vitalstocks | 0 comments | Continued(CAM) Cameron International’s Profit Continues in Third Quarter
Oil drilling equipment maker Cameron International Corp. (CAM) reported third quarter 2010 earnings per share (excluding special items) of 64 cents, surpassing the prior-year quarter result of 58 cents and the Zacks Consensus Estimate of 60 cents. Considering the integration...
3Nov2010 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Beats The Street by a Penny
A leading provider of banking and payment technology to financial institutions and government organizations, Fidelity National Information Services Inc. (FIS) reported third quarter 2010 earnings result that beat the Zacks Consensus Estimate of 51 cents by a penny, mainly attributable...
2Nov2010 | vitalstocks | 0 comments | Continued(JCP) Activist Investors: Follow the Smart Money And Grab an Extra 21% Per Year
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, October 20, 2010: Issue #1370 Every year, a tiny group of investors quietly outperform the stock market by more than 20 percentage points. They’re tough, direct, no-nonsense guys – and are arguably the best...
2Nov2010 | InvestmentU | 0 comments | Continued(ETFC) E*TRADE Financial Reports Third Quarter 2010 Earnings In Line
E*TRADE Financial Corporation‘s (ETFC) third-quarter earnings of 3 cents per share was in line with the Zacks Consensus Estimate. The income for the reported quarter compared unfavorably with 12 cents in the prior quarter. However, the company reported loss of $6.74 per...
2Nov2010 | vitalstocks | 0 comments | Continued(UTX) UTX Technologies Beats The Street on Lower Revenue
United Technologies Corp. (UTX) reported third-quarter earnings per share from continuing operations of $1.43, above the Zacks Consensus Estimate of $1.28. The year-over-year increase in the company’s earnings, along with improved margin, was led by the sustained cost reduction...
2Nov2010 | vitalstocks | 0 comments | Continued(BP) Stock Market News for November 2, 2010 – Market News
Stocks had a mixed finish on Monday as investors avoided taking chances ahead of this week’s Federal Reserve meeting and the mid-term elections. A surprise jump in October manufacturing activities in China and the U.S. gave stocks some initial boost but the rally faded as investors,...
2Nov2010 | vitalstocks | 0 comments | Continued(ABC) Company News for November 2, 2010 – Corporate Summary
• Pfizer’s (NYSE:PFE) reported third quarter earnings of $0.54, $0.03 above Zacks estimates as revenues surged 39.2% to $16.2 billion, slightly below Zacks estimates of $16.62 billion • Archer Daniels Midland (NYSE:ADM) posted fiscal first quarter earnings of $0.54,...
2Nov2010 | vitalstocks | 0 comments | Continued(HRS) Harris Awarded Canadian CF-18 Fighter Contract
Harris Corp. (HRS) received a nine-year service contract from the Canadian government to service its fleet of CF-18 fighter jets. The deal is worth $270.3 million. As per the contract, Harris will provide repair and overhaul, engineering support, program management, life cycle...
2Nov2010 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Beats The Street Substantially
Capital One Financial Corp.’s (COF) third quarter 2010 earnings from continuing operations of $1.79 per share were substantially ahead of the Zacks Consensus Estimate of $1.12. The earnings also compare favorably with earnings of $1.78 in the prior quarter and 96 cents in the...
2Nov2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Deciding to Exit Shipbuilding?
Los Angeles-based defense contractor Northrop Grumman Corporation (NOC) is mulling over exiting the shipbuilding business. The company on October 15, 2010 filed a Form 10 registration statement with the U. S. Securities and Exchange Commission contemplating the exploration of...
2Nov2010 | vitalstocks | 0 comments | Continued(AEE) Ameren Analysts Upgrade Shares to Outperform
We recently upgraded our recommendation for Ameren Corporation (AEE) from Neutral to Outperform. Ameren’s stable and regulated electric power operations in the Midwest generate a relatively stable and growing earnings stream. Future growth will be guided by improved plant operations,...
2Nov2010 | vitalstocks | 0 comments | Continued(AAPL) Apple’s Earnings Beat Examined In Depth
Apple Inc. (AAPL) reported stellar fourth quarter 2010 results with highest quarterly revenues and earnings in the company’s history, which blew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales Incorporatedreased...
2Nov2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Third Quarter 2010 Earnings Fail to Deliver
Chevron Corporation (CVX) – the second largest U.S. oil company – reported weaker-than-expected third-quarter 2010 profits. Earnings per share (excluding foreign-currency effects) came in at $2.06, below the Zacks Consensus Estimate of $2.15. This was mainly on account of...
2Nov2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Upgraded on Solid Third Quarter Earnings Results
We are upgrading our recommendation on Verizon Communications (VZ), the second largest U.S. phone company, to Neutral from Underperform. The improvement is based on solid third quarter results as well as strong future growth prospects for the company. Verizon reported stronger-than-expected...
1Nov2010 | vitalstocks | 0 comments | Continued