Archive for April, 2011
(ISRG) Intuitive Surgical 2011 First Quarter Earnings Beats The Street
Intuitive Surgical (ISRG) reported first-quarter fiscal 2011 earnings per share of $2.59, outpacing the Zacks Consensus Estimate of $2.49, while surpassing the corresponding year-ago result of $2.12. Revenues Intuitive reported revenues of $388 million, up 18% year over year,...
24Apr2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics First Quarter 2011 Earnings Preview
General Dynamics Corporation (GD) is scheduled to report its first quarter 2011 earnings results before market opens on April 27. The Zacks Consensus Estimate for the first quarter is earnings of $1.61 per share, up from $1.54 earned in the year-earlier quarter. For full year...
24Apr2011 | vitalstocks | 0 comments | Continued(ETFC) E*TRADE Financial Reports Return to Profitability
E*TRADE Financial Corporation‘s (ETFC) first-quarter 2011 net income of 16 cents per share was above the Zacks Consensus Estimate earnings of 12 cents, on the back of operating net revenue, strong brokerage business, decrease in provision for loan losses and improved expense...
24Apr2011 | vitalstocks | 0 comments | Continued(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates
BB&T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&T’s results reflected higher net interest margin and...
24Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Reports Better-Than-Expected Second Quarter 2011 Results
Apple Inc. (AAPL) continued its bullish run with better-than-expected second quarter fiscal 2011 results. AAPL breezed past the Zacks Consensus Estimate of $5.34 by $1.06 (19.9%) in the quarter. Results were fueled by strong iPhone sales, record Mac sales and increased iPad sales,...
24Apr2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Earnings Preview
International Business Machines Corp. (IBM) is expected to announce its first quarter 2011 results after the closing bell today. Currently, estimate revisions have moved in both directions over the last few days, so we continue to expect a modest beat in this quarter. The Zacks...
23Apr2011 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec Earnings Report Beats The Street
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...
23Apr2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Housing Starts and Permits Rise
Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative to a year ago they...
23Apr2011 | vitalstocks | 0 comments | Continued(SHW) U.S. Home Reseale Report Better than Expected
In March, Existing Home Sales ran at a seasonally adjusted annual rate of 5.10 million. That pace is 3.7% higher than in February, but 6.3% below the year-ago rate. The March sales rate was above consensus expectations of a 5.00 million annual rate. February was revised up from...
22Apr2011 | vitalstocks | 0 comments | Continued(AES) Company News for April 21, 2011 – Corporate Summary
• EMC Corp. (NYSE:EMC) reported Q1 EPS of $0.31, higher than the Zacks Consensus Estimates of $0.25 a share. Revenues for the quarter rose 18% year-over-year to $4.6 billion, ahead of the Zacks Consensus Estimate of $4.509 billion • Chipotle (NYSE:CMG) reported...
22Apr2011 | vitalstocks | 0 comments | Continued(NDAQ) NASDAQ OMX Group Earnings Report Beats by a Penny
NASDAQ OMX Group Inc.’s (NDAQ) first quarter operating earnings per share of 61 cents came in a penny higher than the Zacks Consensus Estimate of 60 cents and significantly higher than prior-year quarter earnings of 43 cents. Total operating earnings, on non-GAAP basis, increased...
22Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Second Quarter Earnings Report Shows Company Fires All Cylinders
Apple Inc. (AAPL) continued its bullish run with better-than-expected second quarter fiscal 2011 results. AAPL breezed past the Zacks Consensus Estimate of $5.34 by $1.06 (19.9%) in the quarter. Results were fueled by strong iPhone sales, record Mac sales and increased iPad sales,...
21Apr2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications 2011 First Quarter Earnings Preview
The largest U.S. mobile service provider Verizon Communications (VZ) is slated to release its first quarter 2011 earnings results on April 21, before the opening bell. The current Zacks Consensus Estimate for the first quarter is 51 cents, representing a 9.79% decline year over...
21Apr2011 | vitalstocks | 0 comments | Continued(ARW) Arrow Electronics – Bull of the Day
We expect overall demand and margins to improve at Arrow Electronics (ARW) as volumes ramp up. The recent acquisitions should positively impact the margins and bottom line. The addition of Nu Horizons will enhance the company’s design capabilities in the fast-growing Asia-Pacific...
21Apr2011 | vitalstocks | 0 comments | Continued(KIRK) Kirkland’s Incorporated – Bear of the Day
The market for home decor and gifts is highly competitive. Kirkland’s Inc. (KIRK) primarily competes with specialty stores, department stores, discount stores, and catalog and Internet retailers that carry merchandise in one or more categories that Kirkland s does. Competing...
21Apr2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Quarterly Earnings Misses Analyst Estimate
Juniper Networks Inc. (JNPR) has posted an adjusted EPS of 23 cents in the first quarter of 2011, missing the Zacks Consensus Estimate of 26 cents. Revenues Juniper Networks’ revenues rose 21.0% year over year to $1.10 billion in the first quarter, but were slightly above...
21Apr2011 | vitalstocks | 0 comments | Continued(MSFT) Semiconductor Industry Outlook – April 2011 – Industry Outlook
The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive,...
20Apr2011 | vitalstocks | 0 comments | Continued(INTC) Staying Power of the Earnings Growth Momentum
Wednesday, April 20, 2011 With the earnings season getting into full gear, I am increasingly getting more optimistic about the staying power of the earnings growth momentum. My favorable takeaway does not reflect the stand-out results from tech bellwethers like Intel (INTC) and...
20Apr2011 | vitalstocks | 0 comments | Continued(AKS) Stock Market News for April 20, 2011 – Market News
On Tuesday, markets ended with modest gains as an earnings-driven trading day witnessed positive results and sentiments were boosted by strong results from bellwether stocks. Earnings reports of healthcare stocks helped push the markets higher aided by steel stocks. Tech majors...
20Apr2011 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals Reports Earnings Loss In-Line with Estimates
Amylin Pharmaceuticals (AMLN) reported a net loss of 24 cents per share in the first quarter of 2011, in line with the Zacks Consensus Estimate and 3 cents below the year-ago loss of 27 cents. Despite a decline in revenues, year-over-year loss declined due to lower expenses. First...
20Apr2011 | vitalstocks | 0 comments | Continued(GS) Company News for April 20, 2011 – Corporate Summary
• Johnson & Johnson (NYSE:JNJ) reported Q1 EPS of $1.35, ex-items, ahead of the Zacks Consensus Estimate of $1.25 per share. Revenues for the quarter rose 3.5% year-over-year to $16.2 billion, beating the Zacks Consensus Estimate of $15.768 billion • Analysts at JPMorgan...
20Apr2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Beats The Street – Raises Guidance
International Business Machines Corp. (IBM) delivered strong first quarter 2011 earnings, beating the Zacks Consensus Estimate by 11 cents (4.78% upside). The solid result was primarily driven by robust revenue growth, continued margin expansion and share repurchases in the said...
20Apr2011 | vitalstocks | 0 comments | Continued(MU) Micron Technology Intends China Expansion
Memory chip manufacturer Micron Technology Inc. (MU) intends to expand its footprint in China with the opening of its second operating unit in Xi’an. Micron stated that the unit is under construction and is likely to be operational within the next three to five years, depending...
20Apr2011 | vitalstocks | 0 comments | Continued(CMA) Comerica Quarterly Numbers Outpace Estimates
Comerica Incorporated (CMA) reported first quarter 2011 net income of 57 cents per share, beating the Zacks Consensus Estimate of 48 cents and improving from the prior-quarter figure of 53 cents. However, earnings saw a striking year-over-year improvement from a loss of 46 cents. The...
20Apr2011 | vitalstocks | 0 comments | Continued(STT) State Street First Quarter Earnings Beats Expectations on Higher Revenues
State Street Corporation’s (STT) first quarter 2011 operating earnings of 88 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 87 cents and the prior-year quarter earnings of 75 cents. Operating...
20Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Second Quarter 2011 Earnings Preview
Apple Inc. (AAPL) is expected to release its second quarter 2011 results after the market closes on April 20, 2011. We believe that Apple will continue to record above-market gains, exceeding the Zacks Consensus Estimate. At its first quarter conference call, Apple forecasted...
20Apr2011 | vitalstocks | 0 comments | Continued(INTC) Intel Quarterly Earnings Crush First Quarter Estimates
There’s nothing new in Intel Corporation (INTC) reporting a solid quarter. But the question this time around is whether its performance will be enough to remedy some bearish sentiment in the PC market, and maybe even lift the chipmaker’s ho-hum Zacks #3 Rank (‘Hold’). For...
20Apr2011 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Earnings Report Beats The street by a Penny
Yahoo! (YHOO) reported first quarter EPS of 17 cents, a penny ahead of the Zacks Consensus Estimate. This marks the company’s fifth consecutive positive earnings surprise. It was a 23% decrease from the same quarter in 2010, however. Revenue Beats Revenue excluding traffic...
20Apr2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Tests New Small Tactical Munition Warhead
Raytheon Company (RTN) has tested a new 5-pound warhead for its Small Tactical Munition (STM), which is specifically designed to be used by the unmanned aircraft systems (UAS). The new warhead is manufactured by NammoTalley and is lighter than the current warhead. However, in...
20Apr2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Explores New Opportunities
Computing major Computer Sciences Corporation (CSC) recently announced that it has signed a seven-year information technology (IT) outsourcing contract extension with Tryg, which is the second-largest insurance company in the Nordic region. The extension agreement is valued at...
20Apr2011 | vitalstocks | 0 comments | Continued