Archive for November, 2010
(USB) U.S. Bancorp Announces Aquisition of Bank of America Unit
In an effort to expand its corporate trust business, U.S. Bancorp’s (USB) lead bank, U.S. Bank, has entered into an agreement to acquire Bank of America Corp.’s (BAC) U.S and Europe-based securitization trust administration businesses. The deal involves a cash purchase price...
17Nov2010 | vitalstocks | 0 comments | Continued(SNTS) Santarus Earnings Hit by Zegerid Conversion to Generic
Santarus Inc. (SNTS) reported a loss of 32 cents per share in the third quarter, wider than the Zacks Consensus Estimate of a loss of 21 cents and the year-ago earnings of 9 cents. Results were affected by lower revenues following the genericization of Zegerid. Total revenues,...
17Nov2010 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Reports Earnings Below Expectations
Jacobs Engineering Group Inc. (JEC) reported disappointing operating results for the fourth quarter and fiscal 2010 with both top-line and bottom-line results reporting below expectations. Quarter Highlights During the quarter, Jacobs reported EPS of 61 cents, two cents below...
17Nov2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Announces Acquisition of Netezza
International Business Machines Corp. (IBM) announced the completion of the acquisition of renowned data warehouse company, Netezza Corp. as previously announced by IBM on September 20th. Marlborough, Massachusetts-based Netezza is a leading company in data warehousing technology....
17Nov2010 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Earnings Report Beats Estimates
Gold miner Kinross Gold Corporation (KGC) recorded net income of $121.6 million or 17 cents per share in the third quarter of 2010, significantly higher than last year’s $1.7 million or zero cents per share and surpassed the Zacks Consensus Estimate of 16 cents per share. Including...
17Nov2010 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Earnings Report Misses Marginally
The Bank of New York Mellon Corporation’s (BK) third-quarter earnings from continuing operations of 51 cents per share came in 3 cents below the Zacks Consensus Estimate of 54 cents. However, this compares favorably with a loss of $2.04 in the year-ago quarter. BNY Mellon experienced...
17Nov2010 | vitalstocks | 0 comments | Continued(NEM) Add Strong Emerging Market Malaysia To Your Global Portfolio
by Carl Delfeld, Investment U’s Contributing Editor Tuesday, October 19, 2010: Issue #1369 You ready for the next leg of the “Carl Delfeld World Tour?” In previous columns, I’ve profiled the investment prospects in countries like Argentina, Indonesia and two weeks ago,...
17Nov2010 | InvestmentU | 0 comments | Continued(BP) BP Plc Sells $1.8 Billion in Properties to Fund Oil Spill Cleanup
BP plc (BP) signed another deal to raise funds for paying spill costs. The U.K. oil major will divest its oil and gas properties in Vietnam and Venezuela to its Russian joint venture TNK-BP for $1.8 billion. The assets in question hold reserves of 270 million barrels of oil equivalent...
17Nov2010 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Earns FDA Label Expansion
Recently, Bristol-Myers Squibb Co. (BMY) received a boost with the US Food and Drug Administration (FDA) approving Baraclude (entecavir) for an additional indication. The current approval by the US regulatory authorities allows Bristol-Myers to market Baraclude for treating a...
17Nov2010 | vitalstocks | 0 comments | Continued(SLM) Sallie Mae Earnings Report Beats Estimates
SLM Corp. (SLM), commonly known as Sallie Mae, reported third quarter core earnings of $189 million or 35 cents per share, ahead of the Zacks Consensus Estimate of 27 cents. The results compare favorably with the prior-year quarter’s core earnings of $164 million or 26 cents...
17Nov2010 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Quarterly Earnings Beat The Street – Revenues Down
Morgan Stanley’s (MS) third quarter adjusted earnings from continuing operations came in at 23 cents per share, 4 cents ahead of the Zacks Consensus Estimate of 19 cents. This represents Morgan Stanley’s fifth consecutive quarter of income from continuing operations. Adjusted...
17Nov2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Reports Good 2010 Third Quarter Earnings
Yahoo! Inc. (YHOO) reported third quarter earnings that beat the Zacks Consensus estimate by 2 cents. This excluded a gain of 14 cents a share from the sale of HotJobs during the quarter. Yahoo shares opened 2.19% higher this morning and have continued to climb higher since then. Yahoo...
17Nov2010 | vitalstocks | 0 comments | Continued(CMA) Comerica 2010 Third Quarter Earnings Lags Estimates
Comerica Incorporated (CMA) reported third-quarter 2010 net income of 33 cents per share, below the Zacks Consensus Estimate of 41 cents and lower than prior quarter by 6 cents. However, results were far ahead of the prior-year quarter, as third-quarter 2009 had incurred a loss...
17Nov2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Third Quarter 2010 Outperforms – Raises View
Medical technology giant Stryker Corporation (SYK) reported strong third-quarter fiscal 2010 results with adjusted earnings per share of 80 cents beating the Zacks Consensus Estimate of 77 cents and surpassing the year-ago earnings of 69 cents. Adjusted earnings exclude one-time...
17Nov2010 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences Third Quarter 2010 Earnings Above Estimates on Antiviral Franchise
Gilead Sciences’ (GILD) third quarter 2010 earnings of $0.85 (excluding special items but including stock-based compensation expense) was a penny above the Zacks Consensus Estimate and well above the year-ago earnings of $0.74. The improved showing in the reported quarter was...
17Nov2010 | vitalstocks | 0 comments | Continued(WDC) Western Digital Revenue Grows – Earnings Per Share Double
Western Digital (WDC) reported first quarter fiscal 2011 EPS of 84 cents, which exceeded the Zacks Consensus Estimate of 81 cents. Revenues of $2.39 billion also surpassed the Zacks Consensus Estimate of $2.35 billion. Revenue First quarter fiscal 2011 revenue of $2.39 billion...
17Nov2010 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Beats Earnings Estimates – Shares Up
McDonald’s Corporation (MCD) posted third quarter 2010 earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.24. Third quarter earnings escalated 12% from $1.15 per share reported in the prior-year quarter. However excluding the unfavorable currency impact...
17Nov2010 | vitalstocks | 0 comments | Continued(T) AT&T Quarterly Earnings Meet Forecast – Revenue Climbs
AT&T Inc. (T), the largest U.S. telecom carrier, declared its third quarter earnings before the opening bell. Earnings of 55 cents per share were in line with the Zacks Consensus Estimate. Excluding a one-time gain from the previously disclosed tax settlement and the sale...
17Nov2010 | vitalstocks | 0 comments | Continued(ASR) Aeroportuario del Sureste, S.A.B. de C.V. Posts Stellar Numbers
Top Mexican airport operator Aeroportuario del Sureste, S.A.B. de C.V. (ASR), posted stellar numbers for the third quarter of fiscal 2010 with 29.9% and a 33.7% increase in bottom and top-line results, respectively. Earnings per ADS rose to reach 59 cents from 45 cents in the...
17Nov2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Earnings Surprise in Third Quarter
Nokia Corp. (NOK), the largest mobile phone manufacturer of the world, declared its third quarter 2010 financial results, which beat both the top-line and bottom-line Zacks Consensus Estimates. The results are particularly encouraging for its sagging Devices & Services Segment....
17Nov2010 | vitalstocks | 0 comments | Continued(TSS) Total System Services Beats Estimates – Raises Outlook
Yesterday, Total System Services Inc. (TSS) reported third quarter operating net income of $52.2 million or 25 cents per share as opposed to $58.6 million or 30 cents per share in the year-ago quarter. However, earnings were well ahead of the Zacks Consensus Estimate of 23 cents...
17Nov2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Reports Profit that More than Doubles
Xerox Corporation (XRX) reported a profit that more than doubled to $314 million in the third quarter of the year from $150 million in the same quarter a year ago. On earnings per share basis, the company has beaten the Zacks Consensus Estimate by a penny with a profit of 22...
17Nov2010 | vitalstocks | 0 comments | Continued(FLIR) FLIR Systems Beats Quarterly Earnings Estimates
FLIR Systems Inc. (FLIR) released its second quarter fiscal 2011 earnings results before the market opened today, reporting earnings from continuing operations of 39 cents, beating the Zacks Consensus Estimate of 38 cents. The company continues to deliver a strong operating performance. Revenue Total...
17Nov2010 | vitalstocks | 0 comments | Continued(PIP) The Hidden Danger Behind These Company Announcements
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, November 3, 2010: Issue #1380 When public companies need more money, what are their options? Sell more goods? Cut costs? Ask for a taxpayer bailout?! Actually, there are several viable avenues they can take to get...
17Nov2010 | InvestmentU | 0 comments | Continued(MAC) Macerich Quarterly Report Marginally Beats Expectations
The Macerich Company (MAC), a fully integrated real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $93.3 million or 66 cents per share, compared with $88.7 million or 97 cents in the year-earlier quarter. Fund from operations, a widely...
17Nov2010 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Earnings Report Misses The Street
Foster Wheeler AG (FWLT) reported third-quarter earnings from continuing operations of 40 cents, below the Zacks Consensus Estimate of 51 cents. Earnings declined sharply from continuing operations of 71 cents in the prior-year quarter. It is primarily due to market-related declines...
17Nov2010 | vitalstocks | 0 comments | Continued(KG) King Pharmaceuticals Quarterly Earnings Report Disappoints
In a filing with the US Securities and Exchange Commission (SEC), King Pharmaceuticals Inc. (KG) reported third-quarter earnings of 16 cents per share, a penny below the year-ago earnings. The Zacks Consensus Estimate was 19 cents. Revenues fell 19.2% to $374.5 million mainly...
17Nov2010 | vitalstocks | 0 comments | Continued(BCE) BCE Quarterly Report Beats While Profit Slips
BCE Inc. (BCE), Canada’s largest telephone operator, reported third quarter adjusted earnings per share (EPS) of 82 Canadian cents (79 cents per ADS) beating the Zacks Consensus Estimate of 72 cents per ADS. Earnings slipped 2.4% from 84 Canadian cents in the year-ago quarter...
17Nov2010 | vitalstocks | 0 comments | Continued(HNT) Health Net Beats Quarterly Earnings Expectations – Raises Outlook
Health Net Inc. (HNT) reported third-quarter earnings per share (EPS) of 64 cents compared to a loss of 66 cents in the prior-year quarter. The reported quarter included $8.6 million in expenses primarily related to severance costs. Excluding these items, the company’s operating...
17Nov2010 | vitalstocks | 0 comments | Continued(WFT) Weatherford International Bests Earnings Estimate by a Penny
Leading oilfield services company Weatherford International Ltd. (WFT) reported better-than-expected third quarter 2010 adjusted earnings of 18 cents per share. The results surpassed the Zacks Consensus Estimate of 17 cents and year-earlier profit of 9 cents. The improvement...
17Nov2010 | vitalstocks | 0 comments | Continued