Archive for November, 2010
(BMY) Bristol-Myers Squibb Beats Expectations on EPS – Misses on Sales
Bristol-Myers Squibb Company’s (BMY) third quarter 2010 earnings (excluding special items) of $0.59 per share surpassed the Zacks Consensus Estimate by $0.06. The company had earned $0.47 per share in the year-ago quarter. On a reported basis (including special items), Bristol-Myers’...
7Nov2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Exceed – Guidance Increased
Hartford Financial Services Group Inc. (HIG) reported its third-quarter adjusted earnings of $485.0 million or 98 cents per share, surpassing the Zacks Consensus Estimate of 97 cents. The improved showing was attributable to solid execution Incorporatedluding disciplined underwriting...
7Nov2010 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Jobs Growth Results
The Automatic Data Processing (ADP) employment survey was a bit better than expected in October. It shows that private sector employment rose by 43,000 last month, above consensus expectations for a 23,000 increase. Also, the September numbers were revised to a loss of just 2,000...
7Nov2010 | vitalstocks | 0 comments | Continued(WLP) WellPoint Earnings Reports Outshines – Forecast Raised
WellPoint Inc. (WLP) reported its third-quarter income from continuing operations of $701.2 million or $1.74 per share, surpassing the Zacks Consensus Estimate of $1.58. However, this compares unfavorably with the income of $850.5 million or earnings of $1.78 in the year-ago...
7Nov2010 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Earnings Beat Expectations – Reaffirms Guidance
Electronic Arts (ERTS) reported second quarter 2011 results and reaffirmed its fiscal 2011 guidance. Loss per share narrowed down to 2 cents as compared with a guidance of 10 cents to 15 cents, primarily driven by strict cost control and higher gross margins. Loss per share,...
7Nov2010 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Reports Strong First Quarter
A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced first quarter 2011 results. Earnings on a non-GAAP basis were 35 cents, well above the Zacks Consensus Estimate of 27 cents. Harman reported strong earnings growth in the...
7Nov2010 | vitalstocks | 0 comments | Continued(REGN) Regeneron Pharmaceuticals Quarterly Loss Wider than Expected
Regeneron Pharmaceuticals Inc.‘s (REGN) third quarter 2010 net loss of 41 cents per share was wider than the Zacks Consensus Estimate of a net loss of 34 cents. The company suffered a loss of 1 cent per share in the year-ago quarter. The wider loss was attributable to lower...
7Nov2010 | vitalstocks | 0 comments | Continued(PBI) Pitney Bowes Meets Quarterly Earnings Estimates
Pitney Bowes Inc. (PBI) reported earnings per share from continuing operations of 53 cents in the third quarter of 2010, just exceeding the Zacks Consensus Estimate of 52 cents. Revenues for the quarter came in at $1.3 billion, a decline of 1% year over year including currency...
7Nov2010 | vitalstocks | 0 comments | Continued(ALU) Alcatel-Lucent Earnings Show Return to Profit
Alcatel-Lucent (ALU) reported net earnings from continuing operations of €0.01 per share or 2 cents per share in the third quarter of 2010, ahead of the Zacks Consensus Estimate of break-even. The company had reported net loss per share of €0.08 or 12 cents in the third quarter...
7Nov2010 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Reports Doubling of Contracts
Jacobs Engineering Group Inc. (JEC) has won engineering contracts from the United States Government (USG), Department of State (DOS), Bureau of Overseas Buildings Operations (OBO), and Porton Fine Chemicals Ltd (Porton), China-based custom manufacturing organization. The U.S....
7Nov2010 | vitalstocks | 0 comments | Continued(VALE) Vale S.A. Quarterly Earnings Scorecard Shows Excellent
Following the excellent third quarter earnings announcement on October 27, analysts following Vale S.A. (VALE) also remain optimistic. An increase in the capital budget for fiscal 2011, justifies management’s view towards the company. Third Quarter Summary Vale has reported...
7Nov2010 | vitalstocks | 0 comments | Continued(PCP) Precision Castparts Quarterly Numbers Beat Estimates
Precision Castparts Corp. (PCP) released its second quarter fiscal 2011 earnings results before the market opened today, reporting earnings from continuing operations of $1.70. The earnings reported by the company surpassed its year-ago quarter figure of $1.54 and the Zacks Consensus...
7Nov2010 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care Beats The Street – Raises Outlook
Coventry Health Care Inc. (CVH) reported its third-quarter income from continuing operations of $183.2 million or $1.24 per share, exceeding the Zacks Consensus Estimate of 67 cents. This also compares favorably with income of $100.4 million or 68 cents in the year-ago quarter....
7Nov2010 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Reports Narrower Third Quarter Loss
Cell Therapeutics Inc. (CTIC) suffered a net loss of $15.6 million (2 cents per share) in the third quarter of 2010 as opposed to the net loss of $48.8 million (9 cents per share) suffered in the year-ago quarter. The narrower loss was primarily attributable to lower operating...
7Nov2010 | vitalstocks | 0 comments | Continued(MTB) M&T Bank’s Rating Outlook Remains Negative – Ratings Affirmed by Fitch
M&T Bank Corporation’s (MTB) long-term and short-term issuer default ratings (IDRs) were affirmed by Fitch Ratings at “A-” and “F1,” respectively. However, the rating outlook remains “Negative.” The rating affirmation follows M&T’s announcement of agreeing...
7Nov2010 | vitalstocks | 0 comments | Continued(GR) Goodrich Earns Award of Lockheed Martin Contract
Goodrich Corporation (GR) received a contract from Lockheed Martin Corporation (LMT) to supply pylons for a program to improve U.S. Air Force military transport aircraft. The $300 million contract follows an earlier contract between Goodrich and Lockheed Martin to provide pylons...
7Nov2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty Reports Year-Over-year Quarterly Revenues Increase 10.7%
Kimco Realty Corp. (KIM), a leading real estate investment trust (REIT), reported third quarter 2010 rental revenues of $210.5 million compared with $190.1 million in the year-earlier quarter – an increase of 10.7%. However, total revenues for the reported quarter fell short...
7Nov2010 | vitalstocks | 0 comments | Continued(MMM) 3M Company Quarterly Earnings Scorecard
On October 28, 3M Company (MMM) reported its third quarter fiscal 2010 earnings of $1.53 per share, ahead of the Zacks Consensus Estimate. With a 13% increase in its earnings, the company’s sales improved in all its business and geographic regions. Given below is our report...
7Nov2010 | vitalstocks | 0 comments | Continued(MCD) U.S. Employment Report Analyzed In Depth – Part 2
(The following is a continuation of an earlier post: Employment Report In Depth, pt. 1.) Demographics of Joblessness This recession has hit men harder than it has hit women. However, over the past year, things seem to be “evening out” between the genders. In October, the...
7Nov2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Quarterly Earnings Beat by a Nickel
BB&T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related charges of one cent per share. Considering this non-recurring...
7Nov2010 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – November 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first nine months of 2010, General Motors (MTLQQ) led with a 19% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share,...
5Nov2010 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for November 4, 2010 – Market News
The Federal Reserve’s $600 billion stimulus to resurrect an ailing economy had stocks oscillating between gains and losses for much of the session yesterday, but selective buying toward the end helped indices mark modest gains. Although the announcement lifted uncertainty surrounding...
5Nov2010 | vitalstocks | 0 comments | Continued(BR) Broadridge Financial Solutions First Quarter 2011 Earnings Miss Expectations
Broadridge Financial Solutions Inc. (BR) reported first-quarter fiscal 2011 earnings per share of 10 cents, down from 19 cents in the prior-year quarter and below the Zacks Consensus Estimate of 12 cents. The operating results were significantly down from the previous quarter,...
5Nov2010 | vitalstocks | 0 comments | Continued(VLO) California Proposition Strongly Supports Green Energy
by David Fessler, Investment U’s Energy and Infrastructure Expert Friday, November 5, 2010: Issue #1382 Dear California… Thanks for showing some common sense. Sincerely, Planet Earth Finding a viable, top-down energy policy in the United States is about as elusive as finding...
5Nov2010 | InvestmentU | 0 comments | Continued(CTB) Cooper Tire & Rubber Company – Strong Sales Growth
Shares of Cooper Tire & Rubber Company (CTB) have been surging lately. Despite rising commodity prices, the tire maker recently reported a solid third quarter marked by higher sales and better than expected profitability. Analysts have been revising their estimates higher...
5Nov2010 | vitalstocks | 0 comments | Continued(WMT) U.S. Initial Jobless Claims Rise by 20,000
Initial Claims for Unemployment Insurance rose by 20,000 last week to 457,000. We just can’t seem to get out of the “trading range” that initial claims have been in for the last year. Last week, hopes were raised that we might finally be showing some real progress, as claims...
4Nov2010 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Company Earnings Drop 18%
Cooper Tire & Rubber Company (CTB) showed an 18% fall in profit to $49.4 million in the third quarter of 2010 from $60.2 million in the same quarter of prior year (all excluding the restructuring charges related to the closure of the Albany, Georgia facility). On earnings...
4Nov2010 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications Earnings Report Matches Estimates
MetroPCS Communications Inc. (PCS) reported third-quarter earnings of 22 cents per share, which is in line with the Zacks Consensus Estimate and a penny higher than the prior-year quarter. Net income was $77.2 million, up 5% from $73.5 million in third quarter 2009. Total revenue...
4Nov2010 | vitalstocks | 0 comments | Continued(GOOG) “Google TV” Promises to Transform the Old Tube
by Alexander Moschina, Investment U Research Thursday, November 4, 2010 As if it doesn’t already make enough headlines, Google (Nasdaq: GOOG) is about to make even more… One day, it’s investing $5 billion in offshore wind projects. The next day, it’s providing a free...
4Nov2010 | InvestmentU | 0 comments | Continued(BDX) Company News for November 4, 2010 – Corporate Summary
• Qualcomm (NASDAQ:QCOM) posted better-than-expected third-quarter earnings of $0.68, up from estimates of $0.59, and revenues of $2.95 billion, that beat estimates of $2.85 billion • NRG Energy (NYSE:NRG) posted a third quarter earnings and revenue miss, with results of...
4Nov2010 | vitalstocks | 0 comments | Continued