Archive for May, 2011
(LLL) L-3 Communications Holdings Announces New Share Buyback Scheme
L-3 Communications Holdings, Inc. (LLL) announced its new share repurchase program. Effective immediately, the company will be able to buy back up to an additional $1.5 billion of the company’s common stock through April 30, 2013. L-3 Communicationsis expected to use cash on...
3May2011 | vitalstocks | 0 comments | Continued(CHRW) C.H. Robinson Worldwide Earnings Miss by a Penny
C.H. Robinson Worldwide Inc. (CHRW), one of the largest networks of motor carrier capacity in North America reported first quarter 2011 earnings per share of 59 cents, missing the Zacks Consensus Estimate by a penny. Earning per share increased 18% from 50 cents in year-ago...
3May2011 | vitalstocks | 0 comments | Continued(CSX) America’s High Speed Rail: Another Mega-Project Misstep in the Making
by David Fessler, Investment U Research Wednesday, April 27, 2011 Winston Churchill, the Prime Minister of Great Britain during World War II, was highly regarded as one of the great world leaders of the day. Most people don’t realize that Churchill was “half American.”...
3May2011 | InvestmentU | 0 comments | Continued(SEE) Sealed Air Corporation Increases Revenues – Falters on Earnings
Sealed Air Corporation (SEE) delivered adjusted EPS of 34 cents for the first quarter ended March 31, 2011, falling short of the Zacks Consensus Estimate of 38 cents. Earnings per share in the quarter dropped 6% from the EPS of 36 cents in the year-ago quarter. Sealed Air’s...
3May2011 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Earnings Beat Consensus
Avery Dennison Corporation (AVY) reported adjusted earnings per share (EPS) of 51 cents in its first quarter 2011, beating the Zacks Consensus Estimate of 47 cents. EPS in the quarter however posted a decline of 16% from the adjusted EPS of 61 cents in the prior-year quarter. Both...
3May2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Beats on Earnings – Increases Guidance
Watson Pharmaceuticals Inc.‘s (WPI) first quarter 2011 earnings (excluding special items) of 89 cents per share beat the Zacks Consensus Estimate by 3 cents and the year-ago earnings by 8 cents. Earnings were bolstered by higher revenues and reduced cost, resulting from...
3May2011 | vitalstocks | 0 comments | Continued(DTE) DTE Energy Beats Sales – Misses Earnings Per Share
DTE Energy Co. (DTE) announced its first-quarter 2011 operating earnings of $1.11 per share, which fell short of the Zacks Consensus Estimate by a dime. Earnings in the quarter were also lower than $1.38 per share reported in the year-ago period. The year-over-year decline in...
3May2011 | vitalstocks | 0 comments | Continued(BA) U.S. Durable Goods Report Stronger Than Expected
New Orders for Durable Goods rose 2.5% in March. That was well above the consensus expectations of an increase of 1.8%. In addition, the February numbers were revised sharply upwards. It was first reported as an decrease of 0.6%, but now they say new orders rose 0.6%. All in...
3May2011 | vitalstocks | 0 comments | Continued(ENR) Energizer Holdings Beats The Street on Strong Top Line
Energizer Holdings Inc. (ENR) reported second quarter 2011 non-GAAP earnings (excluding charges) of $1.04 per share, comprehensively beating the Zacks Consensus estimate of 91 cents per share. The upside surprise was driven by better-than-expected top-line growth. Operating Performance Earnings...
3May2011 | vitalstocks | 0 comments | Continued(AMED) Amedisys 2011 First Quarter Earnings Disappoint
Amedisys (AMED), a home healthcare provider reported an EPS of 53 cents during the first quarter of 2011 compared to $1.29 in the year-ago period, down 58.3% year over year. However, after adjusting for certain one-time items, the EPS was 62 cents, missing the Zacks Consensus...
3May2011 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes First Quarter 2011 Shines
Baker Hughes Inc. (BHI) reported impressive first quarter 2011 results with a jump in per share profit based on strong international operations. The company’s earnings came in at 87 cents per share, way ahead of the Zacks Consensus Estimate of 78 cents and more than twice the...
3May2011 | vitalstocks | 0 comments | ContinuedFederal Reserve Statement Decoded
The Federal Reserve just finished its meeting, and as was universally expected, it kept the Fed Funds rate at the 0 to 0.25% range where it has been since December 2008. The real action since then has been in the policy statement and the changes in the language of it. Below,...
3May2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Beats Estimates
CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate services company (on the basis of 2010 revenues), has reported first quarter 2011 revenues of $1.2 billion compared with $1.0 billion in the year-earlier quarter, reflecting an increase of 16%. The...
3May2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics 2011 First Quarter Earnings Report Moves Past Estimates
General Dynamics Corporation (GD) announced its first-quarter 2011 earnings from continuing operations of $1.64 per share, surpassing the Zacks Consensus Estimate of $1.61. Results comfortably beat earnings of $1.54 in the year-ago quarter, up 6.5%. Earnings were $618 million,...
3May2011 | vitalstocks | 0 comments | Continued(SWK) Stanley Black & Decker Beats Forecasts – Outlook Strong
Stanley Black & Decker (SWK) reported its financial results for the first quarter of 2011 with earnings per share from continuing operations of $1.08, up from 70 cents in the year-ago comparable quarter. EPS also surpassed the Zacks Consensus Estimate of $1.00. GAAP EPS,...
3May2011 | vitalstocks | 0 comments | Continued(PH) Parker Hannifin Earnings Outperforms Analyst Estimates
Parker Hannifin Corporation (PH) released its third-quarter 2011 earnings result before the market opened today, reporting earnings per share of $1.68 and outpacing the Zacks Consensus Estimate of $1.54 and prior-year earnings of 94 cents. The company’s strong result in the...
3May2011 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies First Quarter Beats Consensus
Allegheny Technologies Inc. (ATI) earned $56.3 million, or 54 cents per share, in the first quarter of 2011, surpassing the Zacks Consensus Estimate of 49 cents and last year’s $18.2 million, or 18 cents per share. First-quarter results were impacted by $5.8 million, or...
3May2011 | vitalstocks | 0 comments | Continued(HSP) Hospira Earnings Beat The Street – Backs Outlook
Hospira Inc. (HSP) reported earnings per share of 93 cents for the first quarter of 2011, well above the Zacks Consensus Estimate of 79 cents. Earnings benefited from strong US sales of the generic version of Sanofi Aventis’ (SNY) cancer drug Taxotere which was launched in...
3May2011 | vitalstocks | 0 comments | Continued(DPS) Dr Pepper Snapple Group Beats on Revenues and Earnings
Dr Pepper Snapple Group Inc. (DPS) reported first-quarter 2011 earnings of 50 cents per share, compared with 40 cents in the year-ago period. Quarterly earnings also topped the Zacks Consensus Estimate of 46 cents. During the quarter, Dr Pepper’s net sales grew 7.0% year...
3May2011 | vitalstocks | 0 comments | Continued(ICON) Iconix Brand Group Beats Expectations – Raises Guidance
Iconix Brand Group Inc. (ICON), a brand management company, delivered first quarter 2011 results. New York-based Iconix’s earnings soared 25.0% in the quarter to 45 cents a share from 36 cents a share in the year-ago period, demonstrating steady organic strength across its...
3May2011 | vitalstocks | 0 comments | Continued(FSR) Fitch Increases American International Group Life
On Monday, Fitch Ratings agency raised the insurer financial strength ratings (FSR) of American International Group Inc.’s (AIG) life insurance unit, SunAmerica Financial Group, based on improved financial outlook and healthy capital re-establishment. Accordingly, the rating...
3May2011 | vitalstocks | 0 comments | Continued(NBR) Nabors Industries Scrapes Through 2011 First Quarter
North America’s largest onshore oil and natural gas driller Nabors Industries Ltd (NBR) reported marginally better-than-expected first quarter results on the back of strong North American onshore activity levels. Earnings per share from continuing operations (excluding 6 cents...
3May2011 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Beats Consensus
The Dow Chemical Company (DOW) earned 82 cents per share in the first quarter of 2011, ahead of the Zacks Consensus Estimate of 67 cents per share as well as last year’s 43 cents per share. However, including one-time charges, the company earned 54 cents per share compared...
3May2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold’s First Quarter 2011 Shows Profit
Barrick Gold Corp. (ABX) posted record first-quarter 2011 results driven by higher gold sales volumes and higher prices for both gold and copper. The first quarter reported a net income of $1.0 billion or $1.00 per share. Adjusted net income was up 32% year over year to $1.0...
3May2011 | vitalstocks | 0 comments | Continued(PPDI) Pharmaceutical Product Development Misses Estimates by a Penny
Pharmaceutical Product Development, Inc. (PPDI) reported first quarter 2011 earnings of 32 cents per share, above the year-ago earnings of 14 cents per share. Earnings growth was driven by higher revenue, improved gross margins and reduced SG&A expenses. Earnings however...
3May2011 | vitalstocks | 0 comments | Continued(EXC) Exelon Acquiring Constellation Energy Group
Exelon Corporation (EXC) entered into a definite agreement to acquire Constellation Energy Group Inc. (CEG), for about $7.9 billion. Exelon is expected to issue 0.93 of its shares for every share of Constellation owned by the latter’s shareholders. The exchange ratio agreed...
3May2011 | vitalstocks | 0 comments | Continued(CNW) High Diesel Prices Mean Rail Stocks are Ready to Run
by David Fessler, Investment U’s Energy and Infrastructure Expert Thursday, April 28, 2011 The U.S. transportation networks are often compared to the human “circulatory system”. Just as blood carries life-giving, oxygenated cells to all parts of the body, trains and trucks...
3May2011 | InvestmentU | 0 comments | Continued(DAL) Delta Air Lines Beats Earnings Forecasts on Fare Hike
Delta Air Lines (DAL), the second largest U.S. airline, reported first quarter adjusted net loss of 38 cents outpacing the Zacks Consensus Estimate of net loss of 50 cents on large fare hikes, despite higher fuel costs. Delta raised its ticket prices for domestic as well as international...
3May2011 | vitalstocks | 0 comments | Continued(WLP) WellPoint Quarterly Earnings Outshine – Company Increases Outlook
WellPoint Inc. (WLP) reported its first-quarter income from continuing operations of $891.0 million or $2.35 per share, surpassing the Zacks Consensus Estimate of $1.87. This also compares favorably with the income of $871.9 million or earnings of $1.95 in the year-ago quarter. The...
3May2011 | vitalstocks | 0 comments | Continued($GT) Goodyear Rated Strong Buy by ValuEngine.com
Goodyear (GT) is one of the world’s largest tire companies. The company manufactures tires, engineered rubber products and chemicals in facilities in numerous countries. It has marketing operations in almost every country around the world. The company reported record-breaking...
3May2011 | valuengine | 0 comments | Continued