Archive for February, 2011
(CLF) Stock Market News for February 18, 2011 – Market News
Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy companies rose for the second consecutive day amid fresh tensions surrounding the...
20Feb2011 | vitalstocks | 0 comments | Continued(DPS) Company News for February 18, 2011 – Corporate Summary
• Hyatt Hotels (NYSE:H) reported Q4 EPS of $0.07, in line with the Zacks Consensus Estimate. Revenues for the quarter rose 3.3% year-over-year to $918.0 million, above the Zacks Consensus Estimate of $878.0 million • Liz Claiborne (NYSE:LIZ) reported a Q4 loss of $0.03...
20Feb2011 | vitalstocks | 0 comments | Continued(PEET) Peet’s Coffee & Tea Reports Quarterly In-Line With Estimates
Peet’s Coffee & Tea Inc. (PEET) reported fourth quarter 2010 non-GAAP net income per diluted share of 48 cents in line with the Zacks Consensus Estimate. EPS increased 71.4% sequentially and 33.3% from prior year quarter. Full year 2010 diluted earnings per share was...
20Feb2011 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group Announces Increased Dividend
T. Rowe Price Group, Inc.’s (TROW) board of directors approved a 15.0% hike in the company’s quarterly common stock dividend on Thursday. The revised quarterly dividend now stands at 31 cents per share compared with the previous amount of 27 cents. The revised dividend will...
19Feb2011 | vitalstocks | 0 comments | Continued(WIN) Windstream Quarterly Earnings Report Falls a Penny Short of Estimates
Windstream Corporation (WIN), a fixed-line voice and DSL Internet service provider, reported fourth quarter 2010 adjusted earnings per share of 19 cents missing the Zacks Consensus Estimate by a penny. Adjusted earnings excluded $16 million in merger and integration costs, and...
19Feb2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners’ Fourth Quarter Earnings Report Matches Estimates
Pipeline operator Energy Transfer Partners L.P. (ETP) announced in-line fourth quarter results, as improved sales from its retail propane segment were offset by weakness in its natural gas transportation operations. The owner of the biggest intrastate pipeline system in Texas...
19Feb2011 | vitalstocks | 0 comments | Continued(DTV) DIRECTV Fourth Quarter 2010 Earnings Preview
DIRECTV (DTV) is slated to release its fourth quarter 2010 results on February 23 before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 63 cents, representing an annualized growth of 31.04%. With respect to earnings surprises, over...
19Feb2011 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market – Earnings Beat Estimates by 13%
Whole Foods Market, Inc. (WFMI) recently spiked to a new multi-year high after reporting strong Q4 results that included a 13% earnings surprise. With an average earnings surprise of 14% over the last four quarters and bullish growth projection, this Zacks #2 rank stock offers...
18Feb2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Regulators Prepare to Announce Bank Penalties for Improper Foreclosures
Following the detection of critical deficiencies related to the foreclosure process, U.S. bank regulators are preparing to punish mortgage servicers, Reuters reported on Wednesday. Though the extent of penalty is still to be decided by the regulators, we can presume that it would...
18Feb2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy Quarterly Report Short of Estimates
Duke Energy Corporation (DUK) announced its fourth-quarter 2010 operating earnings of 21 cents per share, falling short of the Zacks Consensus Estimates marginally by 2 cents. The results were also lower by 7 cents over the year-ago earnings of 28 cents per share. Duke Energy’s...
18Feb2011 | vitalstocks | 0 comments | Continued(KR) Consumer Price Index Increases but Still Tame
The Consumer Price Index (CPI) rose by 0.4% in January, The same pace as in December (after December was revised down to 0.4% from 0.5%). The CPI increased by just 0.1% in November, so the past two months are a bit of an acceleration. While that sounds bad, year over year it...
18Feb2011 | vitalstocks | 0 comments | Continued(CPL) Can Your Company Afford to Pay its Dividend?
by Marc Lichtenfeld, Investment U’s Senior Analyst Thursday, February 17, 2011: Issue #1452 Need more money? You’re certainly not alone. Investors of all levels are scratching around trying to find decent income to supplement their other investments – especially now that...
18Feb2011 | InvestmentU | 0 comments | Continued(EQIX) Equinix Announces Planned Aquisition of Brazilian Firm
The leading global data center service provider Equinix Inc. (EQIX) and private equity firm Riverwood Capital recently announced that they have reached a definitive agreement to acquire a roughly 90% stake in ALOG Data Centers of Brazil S.A. The transaction will cost Equinix...
18Feb2011 | vitalstocks | 0 comments | Continued(CAR) Avis Budget Group Reports Smaller Loss – Grows Revenues
Avis Budget Group Inc. (CAR) posted fourth quarter 2010 net loss of $24 million, compared with a net loss of $49 million in the year-ago period. Excluding extraordinary items, quarterly loss came in at $6 million or 6 cents a share. Loss per share for the quarter was marginally...
18Feb2011 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Quarterly Report Beats Forecasts
Leading pelvic-health devices provider American Medical Systems (AMMD) posted fourth-quarter fiscal 2010 adjusted (excluding one-time items such as amortization charges) earnings per share of 40 cents, ahead of the Zacks Consensus Estimate of 36 cents while exceeding the year-ago...
18Feb2011 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation Results Eclipsed by Sanofi-Aventis Deal
Genzyme Corporation (GENZ) reported fourth quarter earnings of 71 cents per share (excluding one-time items but including the impact of stock-based compensation expense), a couple of cents below the Zacks Consensus Estimate, but significantly above the year-earlier earnings of...
18Feb2011 | vitalstocks | 0 comments | Continued(ABC) Publishing Industry Outlook – February 2011 – Industry Outlook
The publishing industry had long been grappling with sinking advertising revenue, which was exacerbated by the global economic meltdown. This reflected a longer-term secular decline as more readers get news free online, thereby making the print-advertising model increasingly...
18Feb2011 | vitalstocks | 0 comments | Continued(DE) Deere Earnings Report Outperforms Analyst Estimates
Deere & Co. (DE) delivered earnings of $1.20 per share in its first quarter ended January 31, 2011, striding ahead of the Zacks Consensus Estimate of $1.00 and more than double of 57 cents earned in the year-ago quarter. Net income was more than double from $243.2 million...
18Feb2011 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Beats The Street – Announces Dividend Increase
Comcast Corp. (CMCSA) reported excellent fourth quarter 2010 financial results, which surpassed the Zacks Consensus Estimate. In a significant drive to raise its shareholders’ wealth, the board of directors has raised the annualized dividend rate by 19% to 45 cents per share. Additionally,...
18Feb2011 | vitalstocks | 0 comments | Continued(ACAS) American Capital Earnings Report Runs Ahead of Estimates
American Capital Ltd.’s (ACAS) fourth-quarter 2010 operating income of 19 cents per share surpassed the Zacks Consensus Estimate by 2 cents. The results were also ahead of the prior-year quarter’s earnings of 7 cents per share. The favorable outcome was due to a drop in operating...
18Feb2011 | vitalstocks | 0 comments | Continued(LZB) La-Z-Boy Blows Away Estimates With Quarterly Earnings Report
La-Z-Boy Inc. (LZB) reported fiscal third quarter 2010 net earnings per share of 19 cents and comprehensively surpassed the Zacks Consensus Estimate of 10 cents per share. EPS in the prior year quarter was 21 cents, which, however, included 5 cents per share of anti-dumping duties....
18Feb2011 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Announces Expansion in Canada
Late last week, Everest Re Group Ltd., (RE) announced that its subsidiary Everest Reinsurance Co. had purchased Premiere Underwriting Services (Premiere) based in Toronto, Canada. Premiere is a managing general agent specializing in Entertainment, Sports and Leisure related risks. In...
18Feb2011 | vitalstocks | 0 comments | Continued(PMI) PMI Group Analyst Downgrades Shares to Underperform
We have recently downgraded PMI Group Inc. (PMI) to Underperform, as we expect losses and loss adjustment expenses from mortgage insurance operations, increased valuation allowances, lower premiums earned and shrunken investment income will continue to pressure PMI Group’s...
18Feb2011 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Quarterly Earnings Report Beats by a Penny
Analog Devices Inc. (ADI) reported first quarter 2011 non-GAAP diluted earnings per share from continuing operations of 66 cents, a penny more than the Zacks Consensus Estimate of 65 cents. When compared on a sequential basis, earnings were down 9.6% but was up 53.5% from the...
18Feb2011 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical’s LifeVest Defibrillator Hits Milestone
Resuscitation devices maker ZOLL Medical’s (ZOLL) popular LifeVest wearable defibrillator has reached another key milestone as it has been reportedly prescribed to over 35,000 patients at high risk of sudden cardiac arrest (“SCA”) by their physicians. The achievement underscores...
18Feb2011 | vitalstocks | 0 comments | Continued(DHI) Multi-family Housing Starts Explode
Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down...
18Feb2011 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Analyst Rates Shares Outperform
Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image and marketing and merchandising expertise. The stock is poised to surge as the demand...
17Feb2011 | vitalstocks | 0 comments | Continued(WMT) Initial Claims for Unemployment Insurance Jobless Claims Rebound
Initial Claims for Unemployment Insurance rose by 25,000 last week to 410,000 (last week was revised up by 2,000, so one could see it as a 27,000 increase). This was only slightly worse than the expected level of 408,000. The weekly numbers have been very erratic of late, and...
17Feb2011 | vitalstocks | 0 comments | Continued(A) Agilent Technologies Quarterly Report Tops Expectations – Lifts 2011 Outlook
Agilent Technologies’ (A) first quarter earnings beat the Zacks Consensus by 3 cents, or 5.3%. Revenue growth, expansion in Electronic Measurement segment margins, a lower interest expense and a lower tax rate helped drive results in the last quarter. Revenue Agilent’s revenue...
17Feb2011 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Corporation Plans Asset Sale
Independent oil and natural gas company Chesapeake Energy Corporation (CHK) announced plans to divest its Fayetteville Shale properties along with its stakes in two private companies, Frac Tech Holdings, LLC and Chaparral Energy Inc in order to reduce its long-term debt level...
17Feb2011 | vitalstocks | 0 comments | Continued