Archive for April, 2011
(TCB) TCF Financial Corporation Reports In Line Results
TCF Financial Corporation’s (TCB) first quarter 2011 earnings came in at 20 cents per share, in line with the Zacks Consensus Estimate. This compares unfavorably with the earnings of 22 cents in the prior quarter and 26 cents in the prior-year quarter. Decreased non-interest...
26Apr2011 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec Earnings Above Estimates on Multiple Sclerosis Drugs
Biogen Idec (BIIB) reported first-quarter earnings per share of $1.42, 3 cents above the Zacks Consensus Estimate of $1.39 and well above the year-earlier figure of $1.04. Excluding the impact of stock-based compensation expense, first quarter 2011 earnings came in at $1.43 per...
26Apr2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Quarterly Earnings Report Outshines Estimates
KeyCorp’s (KEY) first quarter 2011 net income from continuing operations of 27 cents per share substantially outpaced the Zacks Consensus Estimate of 15 cents. Net income from continuing operations for the reported quarter leaves out accelerated amortization of the discount...
26Apr2011 | vitalstocks | 0 comments | Continued(VLO) What Consumers and Investors Should Know About Gas Prices
by David Fessler, Investment U’s Energy and Infrastructure Expert Monday, April 18, 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. Energy...
26Apr2011 | InvestmentU | 0 comments | Continued(RIG) Transocean Reports Drops in Rigs in Status Update
In the April fleet update report, Transocean Ltd. (RIG) announced that it has stacked one deepwater rig, Transocean Richardson and two midwater floaters, Sedco 601 and J.W. McLean, due to drop in demand. The company has also put two shallow-water rigs, GSF Britannia and GSF Labrador,...
26Apr2011 | vitalstocks | 0 comments | Continued(VNO) Vornado Realty Trust Prices Secondary Offering
Vornado Realty Trust (VNO), a leading real estate investment trust (REIT), has recently priced a secondary offering of 7.0 million perpetual 6.875% Series J Cumulative Redeemable Preferred Shares at $25.00 each. The company has also granted the underwriters an option to purchase...
26Apr2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Airways Earnings Report Meets Expectations – Beats Revenue
JetBlue Airways Corporation (JBLU), a top discount airline, reported first quarter earnings of a penny per share. The reported result was at par with the Zacks Consensus Estimate and a full 100% above the year-ago quarter. Operating revenues increased 16.3% year over year to...
26Apr2011 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley – Bear of the Day
Morgan Stanley’s (MS) first quarter earnings came in substantially ahead of the Zacks Consensus Estimate. However, a reduced top line and higher non-interest expenses were among the negatives. There are concerns related to the company’s financials being marred by...
26Apr2011 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Limited – Bull of the Day
Wynn Resorts (WYNN) first quarter 2011 earnings beat the Zacks Consensus Estimate with higher-than-expected top-line growth. With the global economy showing gradual recovery, the company is experiencing an increase in demand. Its Las Vegas business, which was worst hit at the...
26Apr2011 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline and Valeant Pharmaceuticals Respond to CRL From FDA
GlaxoSmithKline (GSK) and Valeant Pharmaceuticals (VRX) recently submitted a response to the Complete Response Letter (CRL) received from the US Food and Drug Administration (FDA) for their epilepsy candidate, ezogabine. The CRL, which was issued in Nov 2010, was for non-clinical...
26Apr2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Information Administration Reports Bullish Inventory Data
The U.S. Energy Department’s weekly inventory release showed an unexpected drop in crude and distillate stockpiles. The agency’s report further revealed that gasoline stocks fell for the ninth straight week, while refiners improved processing rates by 1.1%. The Energy...
25Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for April 25, 2011 – Corporate Summary
• International Game Technology (NYSE:IGT) reported Q2 EPS of $0.23, ahead of the Zacks Consensus Estimate of $0.20 per share. Revenues rose 1% year-over-year to $492.0 million • Maxim Integrated Products Inc (NASDAQ:MXIM) reported Q3 EPS of $0.40 ex-items, in-line...
25Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for April 25, 2011 – Market News
Positive earnings reports pushed the markets higher on Thursday and helped the markets post their first gain in three weeks. However, gains were limited as despite the fall in jobless claims, unemployment levels remained above the key 400,000 level. The Dow Jones Industrial Average...
25Apr2011 | vitalstocks | 0 comments | Continued(SONS) ValuEngine Weekly News
MARKET OVERVIEW Index started week Thursday Close 4 day change 4 day change % ytd DJIA 12339.71 12506 166.29 1.35% 8.02% NASDAQ 2731.22 2820.16 88.94 3.26% 6.31% RUSSELL 2000 826.99 845.64 18.65 2.26% 7.91% S&P 500 1313.35 1337.38 24.03 1.83% 6.34% SECTOR...
25Apr2011 | valuengine | 0 comments | Continued(AAPL) Apple Reports After Close – ValuEngine.com Rates it a BUY
Apple ($AAPL) Reports After Close, ValuEngine.com Rates it a BUY Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple...
25Apr2011 | valuengine | 0 comments | Continued($GS) Goldman Sachs Beats – Profits Down on Dividend – ValuEngine Models Neutral
Earnings Season Continues Goldman Sachs ($GS) Beats Expectations but Profits Down Due to Dividend, ValuEngine.com Models Remain Neutral on the Finance Giant Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing...
25Apr2011 | valuengine | 0 comments | Continued(CSX) CSX Corporation 2011 First Quarter Earnings Preview
CSX Corporation (CSX), one of the leading rail transportation companies, is slated to release its first quarter 2011 results on Tuesday, April 19, after the closing bell. The current Zacks Consensus Estimate for first quarter earnings is pegged at $1.04 per share, representing...
25Apr2011 | vitalstocks | 0 comments | Continued(WWW) Wolverine World Wide First Quarter Earnings Preview
Wolverine World Wide, Inc. (WWW), one of the leading designers, manufacturers and marketers of branded footwear and apparel, is scheduled to report its first-quarter 2011 financial results before the bell on Tuesday, April 19, 2011. The current Zacks Consensus Estimate for the...
25Apr2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Quarterly Earnings Blow Away Analyst Estimates
The Goldman Sachs Group Inc.’s (GS) first-quarter 2011 earnings per share of $4.38 significantly outpaced the Zacks Consensus Estimate of 79 cents. Including the preferred dividend of $1.64 billion related to the redemption of Goldman’s Series G Preferred Stock, earnings...
25Apr2011 | vitalstocks | 0 comments | Continued(T) AT&T First Quarter 2011 Earnings Preview
The second-largest U.S. mobile service provider AT&T Inc. (T) is slated to release its first quarter 2011 earnings on April 20 before market opens. The current Zacks Consensus Estimate for the first quarter is 57 cents, representing a decline of 1.31% from the year-ago level. AT&T...
25Apr2011 | vitalstocks | 0 comments | Continued(USB) U.S. Bancorp Quarterly Report Beats – Provision for Credit Losses Declined
U.S. Bancorp (USB) has topped the Zacks Consensus Estimate. The company reported first quarter 2011 earnings attributable to common shareholders of $1,003 million or 52 cents per share, ahead of the Zacks Consensus Estimate of 49 cents. Results also compare favorably with earnings...
25Apr2011 | vitalstocks | 0 comments | Continued(EMC) EMC Corporation 2011 First Quarter Earnings Preview
EMC Corp. (EMC) is slated to release its first quarter 2011 earnings before the market opens on April 20, 2011. EMC holds a leadership position in the storage hardware and software segment and is also a leading provider of data storage systems. EMC did not provide any quarterly...
25Apr2011 | vitalstocks | 0 comments | Continued(AIG) American International Group to Sell Rail Unit
Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday American International Group Inc. (AIG) announced its decision to sell the company’s rail car leasing unit, AIG Rail Services Inc. to an affiliate of Perella Weinberg Partners...
25Apr2011 | vitalstocks | 0 comments | Continued(IGT) International Game Technology Signs New Credit Facility
A leading global designer, developer and manufacturer of gaming machines and systems products, International Game Technology (IGT) signed a new five-year credit facility with a syndicate of banks worth $750.0 million. The credit facility replaces IGT’s existing facility of...
25Apr2011 | vitalstocks | 0 comments | Continued(NYT) The New York Times Company First Quarter 2011 Earnings Preview
The New York Times Company (NYT), a diversified media conglomerate, is scheduled to report its first-quarter 2011 financial results before the bell on Thursday, April 21, 2011. The current Zacks Consensus Estimate for the quarter is 3 cents a share. For the quarter under review,...
25Apr2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Quarterly Report Ahead of Estimates
The Travelers Companies (TRV) reported operating earnings of $1.89 per share in the first quarter, surpassing the Zacks Consensus Estimate of $1.55 by 34 cents. Results were also ahead of $1.22 earned in the prior year quarter. Operating income was $826 million, up 31% from $631...
25Apr2011 | vitalstocks | 0 comments | Continued(BMI) Badger Meter – Bear of the Day
Badger Meter (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 million....
25Apr2011 | vitalstocks | 0 comments | Continued(AUGT) Augme Technologies Incorporated – Bull of the Day
Augme Technologies (AUGT) is a provider of interactive mobile advertising systems. The company has reached critical mass, and fiscal 2012 should be profitable with positive cash flow. Mobile marketing is being driven by new technology and the expanding use of Internet enabled...
25Apr2011 | vitalstocks | 0 comments | Continued(UNP) Union Pacific 2011 First Quarter Earnings Preview
Union Pacific Corporation(UNP) is slated to release its first quarter 2011 results on Monday, April 20, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at $1.31, representing an annualized growth of 29.67%. With respect to earnings...
25Apr2011 | vitalstocks | 0 comments | Continued(BA) Boeing Announces Plans to Supply C-17 to Australian Air Force
The Boeing Co. (BA) announced that it received approval from the U.S. government to supply a fifth C-17 Globemaster III aircraft to the Royal Australian Air Force (RAAF). This new aircraft will enhance RAAF’s ability to meet an increasing demand for humanitarian and disaster...
24Apr2011 | vitalstocks | 0 comments | Continued