Archive for May, 2011
(SFLY) Shutterfly Tops Earnings Forecasts – Loss Widens
Shutterfly Inc. (SFLY) reported adjusted first-quarter 2011 loss of 15 cents per share, handily beating the Zacks Consensus Estimate of a loss of 26 cents but deteriorating from the year-earlier loss of 7 cents. The results came in line with its own guidance range of a loss of...
3May2011 | vitalstocks | 0 comments | Continued(SAP) SAP First Quarter 2011 Underperforms Estimates
SAP AG (SAP) reported first quarter2011 earnings per share from continuing operations of €0.34 (46 cents) which were below the Zacks Consensus Estimate of 65 cents. Total revenues were €3.02 billion ($4.12 billion) below the Zacks Consensus Estimate of $4.17 billion. Software...
3May2011 | vitalstocks | 0 comments | Continued(VZ) Motorola Mobility Holdings Improves in 2011 First Quarter
Yesterday after the closing bell, Motorola Mobility Holdings Inc. (MMI) reported its first-quarter 2011 financial results, beating the Zacks Consensus Estimates. Moreover, management provided an improved financial guidance for the ensuing second quarter of 2011. As a result,...
3May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Reports Excellent First Quarter
Amidst seasonally slow quarter, Cliffs Natural Resources Inc. (CLF) posted record revenues and earnings in the first quarter of 2011. Net earnings of $423 million or $3.11 per share in the first quarter were 449%, above last year’s $77 million or 57 cents. Earnings surpassed...
3May2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Moves into Copper Mining
by Tony D’Altorio, Investment U Research Friday, April 29, 2011 Barrick Gold (NYSE: ABX) is the world’s largest gold producer. Last year, it mined net profits of $3.3 billion, but it wants more… So it recently surprised the market with a $7.6-billion bid for Canadian-Australian...
3May2011 | InvestmentU | 0 comments | Continued(IM) Ingram Micro Misses Estimates – Outlook Dull
Ingram Micro Inc. (IM) reported adjusted first-quarter 2011 earnings per share of 34 cents, failing to meet the Zacks Consensus Estimate of 46 cents. Management held transitional difficulties to a new enterprise system in Australia responsible for the underperformance. Shares...
3May2011 | vitalstocks | 0 comments | Continued(T) AT&T 2011 First Quarter Earnings Scorecard
The second-largest U.S. mobile service provider AT&T Inc. (T) reported first quarter 2011 results on April 20. Adjusted earnings of 57 cents per share were at par with the Zacks Consensus Estimate and a penny below the year-ago earnings. First Quarter Review In line profits...
3May2011 | vitalstocks | 0 comments | Continued(ISRG) Intuitive Surgical First Quarter 2011 Earnings Scorecard
Intuitive Surgical (ISRG) reported favorable first-quarter 2011 results. Earnings per share came in at $2.59, beating the Zacks Consensus Estimate of $2.49 and the year-ago figure of $2.12. First Quarter Review Revenues increased 18% year over year to $388 million, beating the...
3May2011 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Corporation Earnings Preview
Comcast Corp. (CMCSA) is slated to release its first quarter 2011 results on Tuesday, May 2, 2011, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at 35 cents per share, representing an annualized growth of 13.21%. With respect to...
3May2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Profit Soars in 2011 First Quarter
DISH Network Corp. (DISH) declared financial results for the first quarter of 2011. Quarterly GAAP net income was $549 million or $1.22 per share compared with a net income of $218.2 million or 52 cents per share in the prior-year quarter. First quarter of 2011 EPS of $1.22 was...
3May2011 | vitalstocks | 0 comments | Continued(C) Citigroup First Quarter 2011 Earnings Scorecard
Citigroup Inc. (C) reported first quarter 2011 earnings of 10 cents per share on April 18 that was a penny ahead of the Zacks Consensus Estimate.The slightly better-than-expected result was driven by a fall in provisions for credit losses as well as benefits and claims. Following...
3May2011 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Earnings Scorecard
Medical devices giant St. Jude Medical (STJ) continued its positive earnings surprise streak in first-quarter fiscal 2011 as its adjusted earnings per share of 80 cents beat the Zacks Consensus Estimates of 78 cents and exceeded the year-ago earnings of 75 cents. Highlights from...
3May2011 | vitalstocks | 0 comments | Continued(LSI) LSI Corporation Easily Beats The Street
LSI Corporation (LSI) generated revenues of $473 million from continuing operations in the first quarter of 2011, flat year over year and up 0.4% sequentially. On March 9, LSI entered into a definitive agreement to sell its external storage systems business to NetApp, Inc. The...
3May2011 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market 2011 Second Quarter Earnings Preview
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, is scheduled to report its second-quarter 2011 financial results on May 4, 2011. The current Zacks Consensus Estimate for the quarter is 46 cents a share. For the quarter under review,...
3May2011 | vitalstocks | 0 comments | Continued(GERN) Geron 2011 First Quarter Posts Wider Loss
Geron Corporation (GERN) posted a net loss of 20 cents per share in the first quarter of 2011, wider than the Zacks Consensus Estimate of a loss of 19 cents and the year-ago loss of 18 cents. First quarter revenues of $1.5 million were just above the Zacks Consensus Estimate...
3May2011 | vitalstocks | 0 comments | Continued(BX) Blackstone Group May Purchase Valad
According to Bloomberg, New York-based The Blackstone Group (BX) may buy-out Australian real estate firm Valad Property Group, valued at approximately $240 million (A$220 million). Valad is heavily burdened with debt after the company struggled to pay off debt as the value of...
3May2011 | vitalstocks | 0 comments | Continued(TCLP) TC PipeLines LP – Earnings Increase 27%
TC PipeLines, LP (TCLP) recently delivered its fifth consecutive positive earnings surprise, prompting analysts to raise their estimates significantly higher. It is a Zacks #1 Rank (Strong Buy) stock. TCLP has also been steadily raising its distribution over the last decade....
3May2011 | vitalstocks | 0 comments | Continued(CAP) CAI International – Estimates Rise on Optimistic Outlook
CAI International, Inc. (CAP) analysts raised their expectations once the company reported an 82% jump in revenues last week. Shares of this Zacks #1 Rank (Strong Buy) are trading with solid valuations to go along with the impressive growth rates. Company Description CAI International...
3May2011 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio Meets Earnings Estimates
SIRIUS XM Radio Inc. (SIRI) declared its financial results for the first quarter of 2011 that barely met the Zacks Consensus Estimates. Quarterly GAAP net income was $78.1 million or 1 cent per share compared with a net income of $41.6 million or 1 cent per share in the prior-year...
3May2011 | vitalstocks | 0 comments | Continued(AKS) AK Steel Holding Corporation Adds Surcharge
AK Steel Holding Corporation (AKS) added a surcharge of $435 per ton to invoices for electrical steel products shipped in June 2011. The surcharge is calculated based on reported prices for raw materials and energy used to manufacture products coupled with the April 2011 purchase...
3May2011 | vitalstocks | 0 comments | Continued(PFG) Principal Financial Beats Top Line Estimates
Principal Financial’s (PFG) first quarter operating earnings of 71 cents per share modestly surpassed the Zacks Consensus Estimate by a penny. Results were ahead of 69 cents earned in the prior-year quarter. Operating earnings were $231.8 million, up by 5% from $203.9 million...
3May2011 | vitalstocks | 0 comments | Continued(GM) Chrysler Reports First Profit in Five Years
Chrysler Group LLC, 25% owned by Italy’s Fiat SpA (FIATY), posted a profit of $116 million in the first quarter of 2011 compared with a net loss of $197 million in the year-ago quarter. Operating profit, excluding taxes, interest and pension-related costs, more than tripled...
3May2011 | vitalstocks | 1 comment | Continued(ECL) Ecolab First Quarter 2011 Earnings Scorecard
Ecolab’s (ECL) first-quarter fiscal 2011 results have met with strong bullish reactions from the analysts. The Minnesota-based leading cleaning and sanitation products maker posted adjusted earnings of 45 cents for the quarter which beat the Zacks Consensus Estimate by a penny...
3May2011 | vitalstocks | 0 comments | Continued(MT) ArcelorMittal to Acquire KazStroyServices
Steel giant, ArcelorMittal (MT) is close to buying KazStroyServices Ltd, a Kazakhastan-based engineering, procurement and construction (EPC) company. The company has presence in Kazakhstan, India, Turkmenistan and West Asia and primarily builds oil and gas pipelines and refineries....
3May2011 | vitalstocks | 0 comments | Continued(MA) U.S. Employment Report – Waiting for the Jobs Reports
With about two-thirds of the reports in, we can safely say that first quarter earnings season has been better than expected, belying pre-season concerns about margins and the impact of Japan. This earnings strength pushed stocks to new highs in recent days. But stocks will need...
3May2011 | vitalstocks | 0 comments | Continued(URS) URS Led Team Wins US DOE Contract
A team consisting of URS Corporation’s (URS) Energy & Construction group and CH2M HILL Constructors Inc. has entered into a contract with the U.S. Department of Energy (DOE) to supply remediation and cleanup services to the East Tennessee Technology Park (ETTP) in Oak Ridge,...
3May2011 | vitalstocks | 0 comments | Continued(BA) U.S. Firms Out of Indian Jet Deal
India has decided against considering fighter jets manufactured by The Boeing Company (BA) and Lockheed Martin Corporation (LMT) for a $11 billion order and is narrowing down its choice to two European-made planes- France’s Dassault Rafale and the Eurofighter Typhoon. Boeing’s...
3May2011 | vitalstocks | 0 comments | Continued(MA) MasterCard Earnings Excel Once Again
MasterCard Inc.’s (MA) first quarter operating earnings per share of $4.29 came in significantly ahead of the Zacks Consensus Estimate of $4.10 and $3.46 in the year-ago quarter. Net income for the reported quarter was $562 million, up 23.6% from $455 million in the prior-year...
3May2011 | vitalstocks | 0 comments | Continued(ADM) Archer Daniels Midland Beats The Street by a Penny
Archer Daniels Midland Company (ADM) reported robust third-quarter 2011 results. Net income for the reported quarter was $578.0 million or 86 cents per share compared with $421.0 million or 65 cents per share in the year-ago quarter. Quarterly earnings also outpaced the Zacks...
3May2011 | vitalstocks | 0 comments | Continued(PBIO) Pressure BioSciences and KeraFAST Sign Worldwide E-Commerce Distribution Deal
Grant Zeng, CFA PBIO and KeraFAST Sign Worldwide E-Commerce Distribution Deal On May 3, 2011, Pressure BioSciences, Inc. (PBIO) and KeraFAST LLC announced that they have entered into a non-exclusive, worldwide distribution agreement covering several of PBIO’s new sample preparation...
3May2011 | vitalstocks | 0 comments | Continued