Archive for February, 2011
(ALU) Alcatel’s Fourth Quarter Earnings Better Than Estimated
Alcatel-Lucent (ALU) reported its fourth quarter and full-year 2010 earnings result. Fourth-quarter earnings per share were €0.13 (17 cents) compared with prior-year earnings per share of €0.02 (3 cents). The company outperformed the Zacks Consensus Estimate of 14 cents. For...
14Feb2011 | vitalstocks | 0 comments | Continued(WSH) Willis Group Holdings’ Earnings Result Beats The Street
Willis Group Holdings plc (WSH) reported its fourth-quarter 2010 adjusted net income from continuing operations of 57 cents, beating the Zacks Consensus Estimate by 2 cents. Results are ahead of 47 cents earned in fourth-quarter 2009. Adjusted net income from continuing operations...
14Feb2011 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Fourth Quarter Report Smashes Estimates on Macau Growth
Wynn Resorts Ltd. (WYNN) reported its fourth-quarter 2010 adjusted earnings of 91 cents per share, handily beating the Zacks Consensus Estimate of 63 cents and well above the year-earlier earnings of 8 cents. On a GAAP basis, net income was $114.2 million or 91 cents per share...
14Feb2011 | vitalstocks | 0 comments | Continued(DRYS) DryShips Incorporated – Bear of the Day
We downgrade our recommendation for DryShips Inc. (DRYS) to Underperform ahead of its fourth quarter 2010 financial results. The drybulk shipping industry is through its most depressive situation where the vessel rate collapsed even below the rate under recession just a year...
14Feb2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for February 14, 2011 – Corporate Summary
• Apple (NASDAQ:AAPL) is working on new versions of the iPhone that may help to counter the progress of competing handsets based on Google's (NASDAQ:GOOG) Android software • Ford (NYSE:F) traded higher after the company said it would cut its debt load by another...
14Feb2011 | vitalstocks | 0 comments | Continued(CMG) Stock Market News for February 14, 2011 – Market News
As Egypt’s President Hosni Mubarak stepped down following prolonged mass protests, the markets moved up and ended with modest gains on Friday. Encouraging economic data also helped investors gain in confidence. On Friday, markets closed after a second consecutive week of gains....
14Feb2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Fourth Quarter 2010 Earnings Report Meets Estimates
Kraft Foods Inc. (KFT) posted fourth quarter 2010 operating EPS of 46 cents, in line with the Zacks Consensus Estimate and reflected strong gains from operations and lower taxes, which were offset by various factors. The quarter was primarily driven by strong volume-mix gains...
13Feb2011 | vitalstocks | 0 comments | Continued(EXPE) Expedia Misses Earnings Forecasts – Shares Slide
Expedia Inc.’s (EXPE) fourth quarter earnings missed the Zacks consensus by 2 cents, or 6.1% on revenue that beat by 0.7%. Expedia beat the Zacks Consensus by an average 9.23% in the preceding four quarters. Therefore, this miss was a big disappointment, reflected in the 12.65%...
13Feb2011 | vitalstocks | 0 comments | Continued(IM) Ingram Micro Fourth Quarter 2010 Earnings Beat on Strong Revenues
Ingram Micro Inc. (IM) reported adjusted fourth-quarter 2010 earnings per share of 72 cents, exceeding the Zacks Consensus Estimate of 67 cents. Despite the beat, shares slid 3.7% in the after-market trade, which could be due to Euro headwinds. Revenues Ingram Micro reported...
13Feb2011 | vitalstocks | 0 comments | Continued(DVN) U.S. Energy Information Administration Reports Natural Gas Supplies Dip Sharply
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, primarily attributable to increased demand from the power sector. Freeze-offs/shut-ins on the back of cold weather conditions in gas producing regions also...
13Feb2011 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Reports January Comparable Store Sales Up
McDonald’s Corp. (MCD) posted global comparable sales growth of 5.3% in January, on the heels of strong sales of beverage and core menu products. Comparable sales growth stepped up from 2.6% in January 2010. The fast-food restaurant operator witnessed an uptrend across...
13Feb2011 | vitalstocks | 0 comments | Continued(AKAM) Stock Market News for February 11, 2011 – Market News
On Thursday, a late day rally helped the market to close almost flat following Egyptian President Hosni Mubarak’s speech. Though the President said he was not resigning, Mubarak will delegate powers to the Vice President. Earlier in the day markets fell after network equipment...
12Feb2011 | vitalstocks | 0 comments | Continued(BAC) Company News for February 11, 2011 – Corporate Summary
• Sprint Nextel (NYSE:S) reported a Q4 loss of $0.31 cents per share, higher than the Zacks Consensus Estimate of a loss of $0.30 cents per share. Revenues totaled $8.30 billion higher than the Zacks Consensus Estimate of $8.178 billion • UBS (NYSE:UBS) is reportedly lifting...
12Feb2011 | vitalstocks | 0 comments | Continued(TIVO) TiVo Subject to Reopened Patent Lawsuit
TiVo Inc. (TIVO), a developer of advanced television services including digital video recorders (DVR), will have to face a reopened patent infringement lawsuit originally filed by Echostar Corp. (SATS) in 2005, according to a recent U.S. District Court order. Under the order,...
12Feb2011 | vitalstocks | 0 comments | Continued(LLY) Report Shows U.S. Trade Deficit Rose in December As Expected
The Trade Deficit rose in December to $40.58 billion from $38.32 billion in November. The rise in the trade deficit is bad news for the economy. On the other hand, the trade deficit was in line with the $40.40 billion consensus expectation. On a year-over-year basis, the total...
11Feb2011 | vitalstocks | 0 comments | Continued(V) Visa First Quarter 2011 Earnings Scorecard – Beats by a Few Cents
Visa Inc. (V) reported its earnings for the first quarter of fiscal year 2011 on February 2nd, beating the Zacks Consensus Estimate by a couple of cents per share, led by strong top line growth though partially offset by higher-than-expected operating expenses. Meanwhile, investors’...
11Feb2011 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide Earnings Beats Forecasts
Wyndham Worldwide Corporation’s (WYN) fourth quarter 2010 adjusted earnings of 46 cents per share outpaced both the Zacks Consensus Estimate of 44 cents and the company’s guidance of 40 to 44 cents. In the year-earlier quarter, the company had earned 40 cents per share. On...
11Feb2011 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Reports Increased Proven Gas Reserves
Diversified fuel producer CONSOL Energy Inc. (CNX) revealed details about its reserves for 2010. The proved gas reserves of the company increased to 3.7 trillion cubic feet (Tcf) in 2010 from 1.9 Tcf at the end of 2009. Of the total reserves under the company 52% are proved developed...
11Feb2011 | vitalstocks | 0 comments | Continued(CRL) Charles River Laboratories Earnings Beat The Street
Charles River Laboratories International Inc. (CRL) reported fourth quarter 2010 earnings (excluding special items) of 60 cents per share, much above the Zacks Consensus Estimate and year-ago earnings of 49 cents. Quarterly revenue of $281.7 million was, however, down 2.9% from...
11Feb2011 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Earnings Meet Expectations – Decrease From Year-Ago
Sanofi-Aventis (SNY) reported fourth quarter earnings of 96 cents per American Depository Share (ADS), a penny above the Zacks Consensus Estimate but below the year-ago earnings of $1.04. Full year earnings came in at $4.69 per ADS, in line with the Zacks Consensus Estimate and...
11Feb2011 | vitalstocks | 0 comments | Continued(ONXX) Onyx Pharmaceuticals – Bear of the Day
Although Onyx Pharmaceuticals’ (ONXX) third quarter EPS of $0.76 was well above expectations, we note that results were driven by a license payment from Ono Pharma, which boosted revenues by $59.2 million. Excluding this, revenues declined 7.9% to $63.7 million, mainly...
11Feb2011 | vitalstocks | 0 comments | Continued(CELL) Brightpoint Incorporated – Bull of the Day
We upgrade our recommendation for Brightpoint Inc. (CELL) to Outperform, following its fourth quarter of 2010 financial results, well above the Zacks Consensus Estimates. Significant growth of 3G smartphones throughout the world helped Brightpoint to manage a record-high mobile...
11Feb2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Quarterly Earnings Fail to Meet Analyst Forecast
Allstate Corporation’s (ALL) fourth quarter operating earnings of 50 cents per share came in dramatically behind the Zacks Consensus Estimate of 86 cents and $1.09 per share recorded in the year-ago quarter. Results for the quarter deteriorated primarily due to high catastrophe...
10Feb2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department Reports Crude & Fuel Stock Piles Up
The U.S. Energy Department’s weekly inventory release showed another build-up in crude stockpiles, though less-than-expected. The agency’s report further added that fuel inventories climbed and refinery run-rates increased slightly from the previous week. The Energy Information...
10Feb2011 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Earnings Miss Forecast – Guidance Falls Short
Teva Pharmaceutical Industries’ (TEVA) fourth quarter earnings of $1.25 per American Depository Share (ADS) missed the Zacks Consensus Estimate of $1.28. Earnings, however, increased 32.9% from the year-ago period. Full year earnings came in at $4.54, 3 cents below the Zacks...
10Feb2011 | vitalstocks | 0 comments | Continued(CSCO) Thursday 2/10/2011 Financial Tides Barchart Morning Call
Barchart Morning Call Barchart.com - 43 mins ago Overnight Developments Global stocks are trading lower with the European Euro Stoxx 50 index down -0.86% and March S&Ps down -7.70 points. As expected, the BOE held its benchmark interest rate at 0.50% and maintained its...
10Feb2011 | Shawn | 0 comments | ContinuedFeb 10: U.S. Wholesale Inventories Rise
Wholesale Inventories increased by 1.0% in December to $430.5 billion, against the expected 0.7% increase, following a decrease of 0.2% in November, and are up by 10.5% from a year ago. Wholesale Sales had increased by 0.4% in December to $371.5 billion and were up 11.6% over...
10Feb2011 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab – Financial Tides – Chart of the day
Barchart.com’s Chart of the Day – Charles Schwab Corp (SCHW) Barchart Research Team – Barchart.com – Tue Feb 08, 7:18PM CST Related Stocks SCHW – The Charles Schwab Corporation Sym Last Chg Pct SCHW 18.75 -0.29 -1.52% The “Chart...
10Feb2011 | Shawn | 0 comments | Continued(LMNX) Luminex Corporation – Bear of the Day
We reiterate our Underperform recommendation on Luminex Corp. (LMNX). Earnings for fourth quarter and fiscal 2010 beat the Zacks Consensus Estimates, but profit plummeted year-over-year despite an increase in revenues. Luminex operates in the highly competitive life sciences...
10Feb2011 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Incorporated – Bull of the Day
Johnson Controls (JCI) follows a strong cost-reduction strategy. The company expects to grow through meaningful acquisitions and increased capital expenditures. Its Building Efficiency segment has recovered based on higher sales from Global workplace solutions. Its profit exceeded...
10Feb2011 | vitalstocks | 0 comments | Continued