Archive for April, 2011
(PCE) U.S. Personal Income and Spending Improve
In March, Personal Income rose 0.5%, up from the 0.4% rise in February, but down from a 1.1% increase in January. The increase was slightly above the consensus expectation of a 0.4% increase. The February number was revised up from 0.3%. Meanwhile, Personal Consumption Expenditures...
30Apr2011 | vitalstocks | 0 comments | Continued(PLXS) Plexus Quarterly Earnings Report Surpasses Estimates
Plexus Corp (PLXS) reported second quarter 2011 diluted earnings per share of 59 cents, surpassing the Zacks Consensus Estimate of 56 cents and improving 15.7% from the year-ago quarter. Earnings also topped management’s guidance range of 53 cents to 58 cents. However, on a...
29Apr2011 | vitalstocks | 0 comments | Continued(BA) Boeing Chooses Pratt & Whitney
The Boeing Company (BA) has selected Pratt & Whitney Rocketdyne, a United Technologies Corporation (UTX) company, for augmenting the design of the Service Module and integrated Launch Abort propulsion system of the Crew Space Transportation-100 spacecraft. The propulsion...
29Apr2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Quarterly Earnings Rock on Low Catastrophe Losses
Allstate Corporation’s (ALL) first quarter operating earnings of 93 cents per share came in substantially ahead of the Zacks Consensus Estimate of 68 cents and 69 cents per share recorded in the year-ago quarter. Results for the quarter improved primarily due to reduction in...
29Apr2011 | vitalstocks | 0 comments | Continued(CAM) Cameron International Reports Earnings Net Down
Oil drilling equipment maker Cameron International Corp. (CAM) reported weak first quarter 2011 results, adversely affected by muted performance from its ‘Drilling & Production Systems’ segment. The company’s earnings per share (excluding special items) for the quarter...
29Apr2011 | vitalstocks | 0 comments | Continued(AIG) U.S. Treasury Troubled Asset Relief Program Reports $60 Billion Available
According to a top Troubled Asset Relief Program (TARP) watchdog, the Treasury still has the capacity to spend $60 billion of taxpayers’ money for TARP to support housing and other programs, MarketWatch reported today. The program was initiated two years ago to rescue the nation’s...
29Apr2011 | vitalstocks | 0 comments | Continued(HUM) Humana to Pay Dividend – Raises Outlook
As a result of the health care sector’s latest restrictions, Humana Inc. (HUM) plans to offer a quarterly dividend, besides raising the fiscal year 2011 forecast. Accordingly, Humana’s Board has initiated a quarterly cash dividend of 25 cents per share, payable on July...
29Apr2011 | vitalstocks | 0 comments | Continued(BMI) Badger Meter Incorporated – Bear of the Day
Badger Meter Inc. (BMI) delivered disappointing first quarter results, as EPS declined 39% year over year to $0.22 and fell short of the Zacks Consensus Estimate at $0.43. Net sales dropped 7.2% year over year to $57.4 million, compared to the Zacks Consensus Estimate of $69...
29Apr2011 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation – Bull of the Day
AGCO Corporation’s (AGCO) adjusted first quarter EPS of $0.81 was almost seven times that of the year-ago quarter, driven by sales growth across all segments and improved gross margins. For fiscal 2011, AGCO expects EPS between $3.50 and $3.75. Global industry sales are...
29Apr2011 | vitalstocks | 0 comments | Continued(S) U.S. Gross Domestic Product Growth Moves Down
The day’s major event is the sub-par GDP report for the first quarter, which came inline with expectations. We also have a disappointing Jobless Claims report this morning, reversing the gains that we have been seeing in this key report. These unfavorable reports will weigh...
29Apr2011 | vitalstocks | 0 comments | Continued(AKAM) Akamai Technologies Earnings Top Consensus
Akamai Technologies, Inc. (AKAM) reported first quarter 2011 earnings of 29 cents per share, beating the Zacks Consensus Estimate by two cents. The upside was driven by strong revenue and margin expansion in the quarter. Operating Performance Earnings per share (EPS), excluding...
28Apr2011 | vitalstocks | 0 comments | Continued(WMT) Jobless Claims Jump by 25,000
Initial Claims for Unemployment Insurance rose by 25,000 last week to 429,000. However, last week was revised up by 1,000, so one could see it as a 26,000 increase. This was worse than the expected level of 390,000. The trend in initial claims has been downward, although there...
28Apr2011 | vitalstocks | 0 comments | Continued(MWV) Mixed Results for MeadWestvaco
MeadWestvaco Corporation (MWV) delivered adjusted EPS of 43 cents in its first quarter of 2011, significantly beating the Zacks Consensus Estimate of 23 cents per share and more than three times the EPS of 13 cents in the prior-year quarter. Adjusted EPS in the first quarter...
28Apr2011 | vitalstocks | 0 comments | Continued(BA) Company News for April 28, 2011 – Corporate Summary
• Boeing (NYSE:BA) reported Q1 EPS of $0.78 today, above the Zacks Consensus Estimate of $0.70 per share. Revenues for the quarter fell 2% year-over-year to $14.91 billion, lower than the Zacks Consensus Estimate for $15.487 billion • CenturyLink, Inc. (NYSE:CTL)...
28Apr2011 | vitalstocks | 0 comments | Continued(BA) Stock Market News for April 28, 2011 – Market News
The Federal Reserve’s statement on monetary policy which reiterated its commitment to keep interest rates low in pursuit of economic growth pushed the markets higher, with the Nasdaq recording its best close in ten years. Upbeat economic reports combined with the Federal Chairman’s...
28Apr2011 | vitalstocks | 0 comments | Continued(KO) Reviewing Earnings – Looking Toward The Federal Reserve
Earnings reports will be in focus today as we wait for the Fed Chief’s history-making news conference on Wednesday following the FOMC meeting that gets underway today. Keeping us busy will be a slew of positive reports from a fairly representative slice of corporate leaders,...
28Apr2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Quarterly Earnings Report Meets
Before the opening bell, the low-cost carrier Southwest Airlines Co. (LUV) declared its first quarter 2011 adjusted earnings of 3 cents per share. The quarter’s results were at par with the Zacks Consensus Estimate as well as year-ago earnings. The company delivered strong...
28Apr2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports Strong Earnings Results for 2011 First Quarter
AutoNation Inc. (AN) reported net income of $70.3 million or 46 cents per share from continuing operations for the first quarter of 2011, compared with $58.8 million or 34 cents in the year-ago period. The company also exceeded the Zacks Consensus Estimate of 43 cents. Total...
28Apr2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Earnings Falls Short – Business Backlog Grows
Oil drilling equipment maker FMC Technologies Inc. (FTI) reported first quarter earnings per share from continuing operations (excluding a tax benefit of 3 cents) of 32 cents, lagging the Zacks Consensus Estimate of 37 cents and the year-ago profit of 40 cents. The weaker-than-expected...
28Apr2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Earnings Report Beats Analyst Estimates
Netflix Inc. (NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing Zacks Consensus Estimate of $1.07 per share and increasing 88.1% from the prior year quarter. Earnings were at the higher end of management’s guidance range of 90 cents to $1.13. Quarter...
28Apr2011 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company – Bull of the Day
EI DuPont de Nemours & Co. (DD) reported first quarter earnings of $1.52 per share, surpassing the Zacks Consensus Estimate by $0.15. Revenues reached $10.0 billion, compared to the Zacks Consensus Estimate of $9.3 billion. Earnings benefited from price increases that significantly...
28Apr2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Corporation – Bear of the Day
Bank of America’s (BAC) first-quarter 2011 earnings came in substantially lower than the Zacks Consensus Estimate. Lower top line and higher non-interest expense were primarily responsible for lower-than-expected results. Reduced mortgage banking income and higher litigation...
28Apr2011 | vitalstocks | 0 comments | Continued(BA) BoeingReports Strong Earnings for 2011 First Quarter
The Boeing Company (BA) casting away all market pessimism reported strong numbers for the first quarter of 2011. In the reported quarter the company posted quarterly earnings of 78 cents per share, beating both the Zacks Consensus Estimate of 71 cents and year-ago earnings of...
28Apr2011 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Analyst Reiterates Neutral
We recently reiterated our Neutral recommendation of Skyworks Solutions (SWKS). Skyworks continues to capitalize on three business segments ? mobile Internet, vertical markets and analog components. Skyworks Solutions continues to consolidate its share across the mobile Internet...
27Apr2011 | vitalstocks | 0 comments | Continued(EIA) What Consumers and Investors Should Know About Gas Prices
by David Fessler, Investment U’s Energy and Infrastructure Expert Tuesday, April 19, 2011 Big surprise: They’re up and heading higher. Nationally, gasoline prices – which averaged $2.76 last summer – are forecast to be at least $1.10 higher this summer, as the U.S....
27Apr2011 | InvestmentU | 0 comments | Continued(MICC) Millicom International Cellular Outperforms in 2011 First Quarter
Millicom International Cellular S.A. (MICC) declared its first quarter of 2011 financial results. Net income for the first quarter of 2011 was $230 million or $2.17 per share compared with $156 million or $1.43 per share in the year-ago quarter. However, excluding one-time items,...
27Apr2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Earnings Report Tops Estimates
M&T Bank Corporation’s (MTB) first quarter operating earnings of $1.67 per share exceeded the Zacks Consensus Estimate of $1.41. Earnings significantly expanded from $1.23 per share earned in the prior-year quarter, aided by an increase in the net interest income on the...
27Apr2011 | vitalstocks | 0 comments | Continued(NVS) Novartis Posts Solid First Quarter Sales
Novartis (NVS) reported earnings per share of $1.41 for the first quarter of 2011, below the year-earlier earnings of $1.45 per share but well ahead of the Zacks Consensus Estimate of $1.31. The drop from the base period resulted from financing costs for the Alcon acquisition...
27Apr2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Earnings Report Estimates
Northern Trust Corporation’s (NTRS) first-quarter 2011 earnings of 59 cents per share were below the Zacks Consensus Estimate of 65 cents per share. The decrease was attributable to a persistently low interest rate environment, which in turn, negatively affected net interest...
27Apr2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Reduces Even More American Output
Toyota Motor Corp. (TM) announced that it would reduce output by 75% at its North American plants in order to conserve limited supply of parts made in Japan. The automaker has been facing parts shortage resulting from the earthquake and tsunami in Japan on March 11 that damaged...
27Apr2011 | vitalstocks | 0 comments | Continued