Archive for February, 2011
(ADTN) ADTRAN Reports Fourth Quarter Earnings Beat With on Record Revenue
ADTRAN Inc. (ADTN), a global provider of networking and communications equipment, reported fourth quarter earnings of 56 cents per share surpassing the Zacks Consensus Estimate of 44 cents. The quarter’s results also improved from 29 cents per share earned in the year-ago quarter...
3Feb2011 | vitalstocks | 0 comments | Continued(ADS) Company News for February 03, 2011 – Corporate Summary
• Avery Dennison (NYSE:AVY) reported Q4 EPS of $0.98, missing the Zacks Consensus of $0.97 per share by a penny. Revenues for the quarter rose 8% year-over-year to $1.64 billion, ahead of the Zacks Consensus Estimate of $1.60 billion • Hospira (NYSE:HSP) reported Q4 EPS...
3Feb2011 | vitalstocks | 0 comments | Continued(ERTS) Stock Market News for February 03, 2011 – Market News
On Wednesday, the markets shed their winning gains to close almost flat as cautious investors focused more on Egypt’s unrest against better than expected news on the market. Although the Dow recorded new highs, other benchmarks including S&P 500 and the tech-laden Nasdaq...
3Feb2011 | vitalstocks | 0 comments | Continued($AIG) AIG’s International Lease Finance Corporation Sets $2 Billion Loan
On Monday, American International Group Inc.’s (AIG) wholly owned subsidiary, International Lease Finance Corporation (ILFC), announced its agreement to raise $2.0 billion through an unsecured three-year revolving credit line. ILFC is an international market leader that deals...
3Feb2011 | vitalstocks | 0 comments | Continued($AIG) AIG Announces Sale of Japan-based Star & Edison Units
After the successful completion on the recapitalization front last month, yesterday American International Group Inc. (AIG) announced the sale of its Japan-based AIG Star Life Insurance Co. (Star) and AIG Edison Life Insurance Co. (Edison) to Prudential Financial Inc. (PRU) for...
3Feb2011 | vitalstocks | 0 comments | Continued(OREX) Orexigen Therapeutics Gets Severe Setback from US Food and Drug Administration
Orexigen Therapeutics Inc. (OREX) was dealt a severe blow by the US Food and Drug Administration (FDA) when the regulatory body declined to approve its obesity drug, Contrave in the present form and issued a complete response letter (CRL). Contrave, which aimed at addressing...
3Feb2011 | vitalstocks | 0 comments | Continued(EAT) Brinker International – Bull of the Day
Brinker International (EAT) reported second quarter 2011 earnings above the Zacks Consensus Estimate. The upside in earnings was driven by continued margin expansion at Chili’s and top-line growth at Maggiano’s. The company is repositioning its Chili’s brand...
3Feb2011 | vitalstocks | 0 comments | Continued(TLAB) Tellabs Incorporated – Bear of the Day
We downgrade our recommendation for Tellabs Inc. (TLAB) to Underperform, following its poor financial results of the fourth quarter of 2010, well below the Zacks Consensus Estimates. The company is facing serious problems with its key customer AT&T, which accounts for 35%...
3Feb2011 | vitalstocks | 0 comments | ContinuedFeb 2: Crude Inventories – Economic Highlights
Crude inventories are expected today at 10:30 AM EST. For the week ending January 21, U.S. commercial crude oil inventories had increased by 4.8 million barrels from the previous week to 340.6 million barrels and were above the upper limit of the average range for that time of...
2Feb2011 | vitalstocks | 0 comments | Continued(CE) Company News for February 02, 2011 – Corporate Summary
• Corinthian Colleges (NASDAQ:COCO) reported Q2 EPS of $0.23, missing the Zacks Consensus Estimate by a penny. Revenues for the quarter rose 16.5% year-over-year to $482.8 million, well ahead of the Zacks Consensus Estimate of $463 million • Cummins (NYSE:CMI) reported...
2Feb2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for Feb 02, 2011 – Market News
Markets rose to fresh new highs as positive economic data and strong earnings results from energy stocks led the rally. The Dow closed above the 12,000 mark for the first time since June 2008 thanks to strong gains by Exxon Mobil (NYSE:XOM), Alcoa (NYSE:AA) and Pfizer (NYSE:PFE)....
2Feb2011 | vitalstocks | 0 comments | Continued(UNP) Railroad Industry Outlook – February 2011 – Industry Outlook
An improving U.S. economy, a significant surge in automotive shipments, and a sharp rebound in many end-markets are expected to fuel the future growth of the Railroad industry. Freight rail is a derived-demand industry — demand for rail services is tied to the demand for...
2Feb2011 | vitalstocks | 0 comments | Continued(V) Visa First Quarter 2011 Earnings Preview
Global electronic payment processor Visa Inc. (V) is scheduled to release its fiscal first quarter results after the market closes on February 2, 2011. The Zacks Consensus Estimate for the first quarter is $1.20 per share, representing growth of about 21.7% over the year-ago...
2Feb2011 | vitalstocks | 0 comments | Continued(GOOG) Two Stocks Set to Benefit As Healthcare Goes Digital
by Marc Lichtenfeld, Investment U’s Healthcare Specialist Friday, January 14, 2011: Issue #1428 Editor’s Note: To round off the week, our resident healthcare expert, Marc Lichtenfeld, brings you his second and final report from the J.P. Morgan Healthcare Conference in San...
2Feb2011 | InvestmentU | 0 comments | Continued(NTAP) NetApp Announces Agreement to Acquire Akorri Networks
Storage and data management solutions provider NetApp Inc. (NTAP) sealed a definitive agreement to acquire Akorri Networks Inc. in an all-cash deal. The deal value has not yet been disclosed. NetApp expects the deal to be wrapped up by the end of its fourth quarter. Massachusetts-based...
2Feb2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Incorporated – Bull of the Day
Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm Inc. (QCOM) reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35% sequentially. The company’s state-of-the-art Snapdragon...
2Feb2011 | vitalstocks | 0 comments | Continued(PLXS) Plexus Corporation – Bear of the Day
Plexus Corp. (PLXS) posted mixed first quarter 2011 results with earnings surpassing but revenues missing the respective Zacks Consensus Estimates marginally. Plexus reduced its outlook for the next two quarters of 2011 due to significant headwinds resulting from a slow down...
2Feb2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Analyst Upgrades Shares to Outperform
We upgrade our recommendation on Qualcomm Inc. (QCOM) to Outperform. Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35%...
2Feb2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Reports Rig Count Gains 19 Drilling Rigs
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued...
1Feb2011 | vitalstocks | 0 comments | Continued(WMT) U.S. Initial Claims for Unemployment Insurance Fall Sharply
Initial Claims for Unemployment Insurance fell by 37,000 last week to 404,000 (last week was also revised down by 4,000, so one could see it as a 41,000 decline). This was much better than the expected level of 425,000. This is a welcome turnaround, and suggests that the decline...
1Feb2011 | vitalstocks | 0 comments | Continued(BIIB) Biogen Quarterly Earnings Report Beats by a Wide Margin
Biogen Idec (BIIB) reported fourth-quarter earnings per share of $1.41, well above the Zacks Consensus Estimate of $1.23 and the year-earlier figure of $1.18. Excluding the impact of stock-based compensation expense, fourth quarter 2010 earnings came in at $1.42 per share. Full...
1Feb2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle Pays $46 Million to Settle Sun Microsystems Kickback Suit
Software giant Oracle Corp. (ORCL) has agreed to pay $46.0 million to settle a kickback suit against Sun Microsystems. Oracle declined to comment. The suit was filed back in 2004 in the federal court of Arkansas. The lawsuit alleged that Sun improperly paid kickbacks to systems...
1Feb2011 | vitalstocks | 0 comments | Continued(ANR) Stock Market News for Feb 01, 2011 – Market News
Markets closed in the green on Monday as strong earnings results from Exxon Mobil (NYSE:XOM) and positive economic data help offset concerns about political unrest in Egypt. The Dow Jones Industrial Average rose by 0.6% to close at 11,891.93. The blue-chip index gained 2.7%...
1Feb2011 | vitalstocks | 0 comments | Continued(ANR) Company News for February 01, 2011 – Corporate Summary
• ExxonMobil (NYSE:XOM) reported Q4 EPS of $1.85, ahead of the Zacks Consensus Estimate of $1.68 per share. Revenues for the quarter rose to $105.2 billion, lower than the Zacks Consensus Estimate of $113.268 billion • Alpha Natural Resources (NYSE:ANR) announced a plan...
1Feb2011 | vitalstocks | 0 comments | Continued