Archive for November, 2010
(TDC) Teradata Quarterly Earnings Beat The Street – Raises Guidance
Teradata Corp. (TDC) reported strong third quarter earnings of 44 cents per share beating the Zacks Consensus Estimate by a nickel. Teradata also reported robust revenue growth in the quarter. Earnings including stock-based compensation of 2 cents grew 15.8% year over year from...
4Nov2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Investors Service Chops Ratings of Ten Banks
Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks. Banks Thumbed Down The banks whose ratings were downgraded are BB&T Corp....
4Nov2010 | vitalstocks | 0 comments | Continued(PHG) Koninklijke Philips Electronics NV Profit Up – Outlook Wary
Koninklijke Philips Electronics NV (PHG) reported earnings per share of €0.55 (70 cents per ADR) for the third quarter of 2010, compared with €0.19 in the prior-year quarter. The company delivered strong performance in all its operating sectors, especially Lighting and Healthcare. Revenue Total...
3Nov2010 | vitalstocks | 0 comments | Continued(AIG) AIG’s American International Assurance Group IPO Closes Above Expectations
Given the ramp up in the demand for shares of American International Group Inc.’s (AIG) Asian life-insurance unit, American International Assurance Group Ltd. (AIA), on Monday, AIG decided to close the AIA initial public offering (IPO) two days earlier than scheduled. Consequently,...
3Nov2010 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Marginally Beats Expectations
Developers Diversified Realty Corp. (DDR), a real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $37.1 million or 14 cents per share compared to a FFO loss of $90.1 million or 54 cents per share in the year-earlier quarter. Fund from...
3Nov2010 | vitalstocks | 0 comments | Continued(WAT) Waters Corporation Earnings Slightly Below The Street
Waters Corp. (WAT) released its third quarter earnings before the market opened today, reporting earnings from continuing operation of 96 cents, slightly below the Zacks Consensus Estimate of 97 cents. Earnings in the quarter increased by 21.5% from 79 cents in the third quarter...
3Nov2010 | vitalstocks | 0 comments | Continued(BAX) Baxter International Introduces GLASSIA
Medical products giant Baxter International (BAX) officially commenced the U.S. launch of GLASSIA Alpha 1-Proteinase inhibitor for the treatment of emphysema. The company secured exclusive marketing rights to GLASSIA in the U.S., Canada, Australia and New Zealand from Israel-based...
3Nov2010 | vitalstocks | 0 comments | Continued(STI) SunTrust Banks Reports Swing to Profit
SunTrust Banks Inc.’s (STI) third quarter 2010 earnings of 17 cents per share were substantially ahead of a loss of 11 cents in the prior quarter and a loss of 76 cents in the year-ago quarter. Results for the quarter primarily benefited from a rise in non-interest income and...
3Nov2010 | vitalstocks | 0 comments | Continued(WMT) Case-Schiller Index Shows Home Prices Falling Again
Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted basis, the composite 10 city index (C-10) fell 0.17% while the broader composite...
3Nov2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Reduces Loss but Misses Street Estimates
Regions Financial Corporation (RF) has narrowed its loss in the third quarter but missed the Zacks Consensus Estimate. The company reported a net loss of 17 cents per share, compared with a loss of 37 cents in the year-ago period. The Zacks Consensus Estimate was a loss of 10...
3Nov2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Quarterly Earnings Scorecard
Third Quarter Flashback Minnesota-based medical devices major St. Jude Medical (STJ) produced a mixed bag in the third quarter beating earnings expectations, but missing on the revenue front. Adjusted earnings of 72 cents per share topped the Zacks Consensus Estimate of 68 cents...
3Nov2010 | vitalstocks | 0 comments | Continued(SOHU) Sohu.com Quarterly Earnings Beats Consensus
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong third quarter 2010 results, attributable to growth in each of its business segments Incorporatedluding online games and brand advertising. Moreover, better-than-expected growth in search...
3Nov2010 | vitalstocks | 0 comments | Continued(MCD) McDonald’s – Has paid a dividend every year since 1973
Shares of McDonald’s Corp (MCD) have been on a roll lately. The world renowned fast-food giant went through the Great Recession virtually unscathed as cash-strapped consumers flocked to the company’s Value Menu. Investors have flocked to the stock as McDonald’s...
3Nov2010 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Outshines Street Estimates
Molina Healthcare Inc. (MOH) reported its third quarter income from continuing operations of $16.2 million or 57 cents per share, surpassing the Zacks Consensus Estimate of 49 cents. The better-than-expected results in the quarter were driven by higher operating revenues coupled...
3Nov2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Earnings Continue to Outperform
Europe’s largest oil company Royal Dutch Shell plc (RDSA) reported strong third quarter 2010 results, buoyed by a robust operating environment, production growth and cost cutting initiatives. Earnings per ADR (on a current cost of supplies basis), excluding one-time items and...
3Nov2010 | vitalstocks | 0 comments | Continued(FLS) Flowserve Third Quarter 2010 Reports Ahead of Consensus
Flowserve Corp. (FLS) reported third quarter 2010 earnings per share of $1.84 from continuing operations, exceeding the Zacks Consensus Estimate of $1.81. Excluding realignment charges of 3 cents, earnings per share were down primarily due to an erosion of gross margin by 230...
3Nov2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Reports Earnings Ahead of Expectations – Profit Soars
ExxonMobil Corp. (XOM) reported better-than-expected third quarter results driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. Notably, this was the first full quarter that includes the natural-gas company XTO Energy. The...
3Nov2010 | vitalstocks | 0 comments | Continued(MOT) Motorola Back to Seamless Mobility
Motorola Inc. (MOT) is finally reaping the benefit of its decision that the company has taken regarding its fragile Mobile Devices once Dr. Sanjay Jha becomes the CEO of this division. Supported by increasing market traction of its 3G Android-based smartphones, Motorola today...
3Nov2010 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company Earnings Well Above on Lower Costs
The Medicines Company (MDCO) reported a third-quarter profit of 40 cents per share Incorporatedluding the impact of stock-based compensation expense. Third quarter profit was well above the Zacks Consensus Estimate of 24 cents and the year-ago loss of 6 cents. Performance was...
3Nov2010 | vitalstocks | 0 comments | Continued(KO) “Typical” U.S. Consumers Changing
by Tony D’Altorio, Investment U Research Thursday, October 28, 2010 Expect the 2010 U.S. census to show profound changes to the “typical” U.S. consumer. According to the Brookings Institution, 83% of U.S. population growth in the last ten years came from ethnic minority...
3Nov2010 | InvestmentU | 0 comments | Continued(NVLS) Novellus Systems Beats Expectations – Outlook Softening
Novellus Systems’ (NVLS) third quarter earnings beat the Zacks Consensus Estimate by 4 cents. Revenue exceeded the Zacks Consensus by 3.7%. Shares were up marginally by 0.99%, as guidance indicated uncertain demand. Revenue Novellus reported revenue of $367.2 million, up 14.3%...
3Nov2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Quarterly Earnigs Miss Expectations
AutoNation Inc. (AN) reported a 9% fall in net income to $58.5 million for the third quarter of 2010 from $64.4 million in the year-ago period. However, on earnings per share basis, profit rose 8% to 39 cents from 36 cents in the third quarter of 2009 as the company had 149.6...
3Nov2010 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic Quarterly Earnings Beats – Profit Slides
Hanger Orthopedic (HGR) posted adjusted earnings per share of 37 cents for third quarter fiscal 2010, beating the Zacks Consensus Estimate of 35 cents and exceeding the year-ago earnings of 30 cents. The adjusted earnings exclude costs (of $8 million) associated with the relocation...
3Nov2010 | vitalstocks | 0 comments | Continued(DPS) Dr Pepper Snapple Group Reports a Decent Third Quarter
Dr Pepper Snapple Group Inc. (DPS) reported third-quarter 2010 adjusted earnings of 64 cents per share, compared with 59 cents in the year-ago period. Quarterly earnings also topped the Zacks Consensus Estimate of 60 cents. During the quarter, Dr Pepper’s net sales grew 2%...
3Nov2010 | vitalstocks | 0 comments | Continued(KLAC) KLA-Tencor Corporation Reports Good Quarter / Weak Guidance
KLA-Tencor Corporation’s (KLAC) first quarter earnings beat the Zacks Consensus by 13 cents, or 15.1%. Revenue was also better than expected, beating by 5.0%. Investors did not react too strongly, considering the fact that after-market trading just pulled up prices by 0.76%....
3Nov2010 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless Earnings Meets Expectations – Outlook Very Strong
Yesterday, Novatel Wireless Inc. (NVTL) declared third quarter of 2010 financial results that barely met our expectations. However, the company provided an extremely strong financial outlook for the ensuing fourth quarter, which is well above the current Zacks Consensus Estimate....
3Nov2010 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor Corporation Earnings Beats The Street – Lifts Outlook
Deckers Outdoor Corporation (DECK), the maker of a variety of footwear, recently delivered better-than-expected third-quarter 2010 results on the heels of strong demand for the product lines under the UGG and Teva brands, prompting management to lift its fiscal 2010 outlook. The...
3Nov2010 | vitalstocks | 0 comments | Continued(STRA) Strayer Education Beats Quarterly Earnings Estimate
Strayer Education, Inc. (STRA), for-profit education company, recently posted better-than-expected third-quarter 2010 results on the heels of an increase in students’ enrollment. The quarterly earnings of $1.72 per share beat the Zacks Consensus Estimate of $1.70 and jumped...
3Nov2010 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Quarterly Profit Soars
Baker Hughes Inc. (BHI) reported a more than three-fold jump in per share profit in the third quarter driven by the strength of the US Land market and seasonal recovery in Canada. The company’s earnings came in at 59 cents per share, compared with the Zacks Consensus Estimate...
3Nov2010 | vitalstocks | 0 comments | Continued(AMCC) Applied Micro Circuits Beat Estimates – Reports Weak Outlook
Applied Micro Circuits Corporation (AMCC) reported results for the second quarter of fiscal 2011 which beat estimates, but the outlook for the third quarter was weak. Applied Micro recorded revenues of $66.0 million in the second quarter of fiscal 2011, up 8.5% sequentially...
3Nov2010 | vitalstocks | 0 comments | Continued