Archive for May, 2011
(BGC) General Cable Corporation Beats Estimates
General Cable Corporation (BGC) reported first-quarter 2011 earnings per share of 70 cents, beating the Zacks Consensus Estimate of 52 cents. The earnings per share were above the prior-year loss per share of 15 cents. Excluding the impact of $0.09 per share of non-cash convertible...
3May2011 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Corporation Cuts Loss on Provenge Sales
Dendreon Corporation’s (DNDN) first quarter 2011 loss (including stock-based compensation expense but excluding other special items) of 69 cents per share was in line with the Zacks Consensus Estimate. Loss was, however, much narrower than the year-ago loss of 94 cents per...
3May2011 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Announces Aquisition of Cephalon
Yet another acquisition deal was announced in the pharma sector with generic player, Teva Pharmaceutical Industries Ltd. (TEVA) entering into a definitive agreement with Cephalon, Inc. (CEPH). Teva intends to acquire Cephalon for $81.50 per share in cash or $6.8 billion. Teva...
3May2011 | vitalstocks | 0 comments | Continued(OCR) Omnicare Beats Quarterly Estimates – Maintains Guidance
Omnicare Inc. (OCR), which sells drugs to long-term care facilities and nursing homes, reported first-quarter fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 52 cents, beating the Zacks Consensus Estimate of 50 cents, and lower than the year-ago earnings...
3May2011 | vitalstocks | 0 comments | Continued(FE) FirstEnergy Posts Mixed First Quarter Results
Diversified energy company FirstEnergy Corp. (FE) announced its first-quarter 2011 operating earnings of 69 cents per share, falling short of the Zacks Consensus Estimate of 74 cents per share and year-ago earnings of 81 cents per share. The 12 cent year-over-year decline in...
3May2011 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Reports Positive Results
Coal miner, Massey Energy Company (MEE) reported operating earnings of 28 cents per share or $28.5 million, missing the Zacks Consensus Estimate of 58 cents per share. Operating earnings for the quarter excluded one-time charges related to the Upper Big Branch (UBB) mine disaster,...
3May2011 | vitalstocks | 0 comments | Continued(EMR) Emerson Electric Underperforms Estimates
Emerson Electric Company (EMR) released its second quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operation of 73 cents, below the Zacks Consensus Estimate of 75 cents. Earnings for the quarter were up 38% year over year. Total...
3May2011 | vitalstocks | 0 comments | Continued(COSI) Cosi’s Sales Plunge – Comparable Restaurant Sales Up
Deerfield, Illinois-based Cosi Inc. (COSI), a premium casual dining restaurant chain, recently reported its first quarter 2011 sales results. Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, decreased 14.1% year over year to $23.7...
3May2011 | vitalstocks | 0 comments | Continued(DAVE) Famous Dave’s of America Earnings Beat by a Penny
Minnetonka, Minnesota-based Famous Dave’s of America, Inc. (DAVE) recently reported first quarter 2011 adjusted earnings of 15 cents per share, which surpassed the Zacks Consensus Estimate by a penny and was in line with the prior-year quarter earnings. Famous Dave’s,...
3May2011 | vitalstocks | 0 comments | Continued(RUTH) Ruth’s Hospitality Group Reports Earnings In Line
Heathrow, Florida-based Ruth’s Hospitality Group Inc. (RUTH) reported first quarter 2011 adjusted earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but missed the prior-year quarter earnings of 16 cents. The results were driven by top-line growth. Total...
3May2011 | vitalstocks | 0 comments | Continued(INTT) inTEST Corporation – Focus on Valuation
Ken Nagy, CFA inTEST: Focus on Valuation Executive Summary inTEST Corporation (INTT) is a designer, manufacturer and marketer of mechanical, thermal and electrical products that are used by semiconductor manufacturers in conjunction with automatic test equipment, (ATE), in the...
3May2011 | vitalstocks | 0 comments | Continued(CNMD) Conmed Beats The Street – Profit Jumps
Conmed Corporation (CNMD) reported first-quarter fiscal 2011 adjusted (excluding one-time items such as restructuring charges) earnings per share of 37 cents, outpacing the Zacks Consensus Estimate of 30 cents and the year-ago adjusted earnings of 28 cents. Profit (as reported)...
3May2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Earnings Beat Consensus
Premier natural gas company Spectra Energy Corp. (SE) reported better-than-expected first-quarter 2011 results owing to expansion projects that kick-started, higher natural gas liquids (NGLs) prices and a stronger Canadian dollar. Earnings per share from continuing operations...
3May2011 | vitalstocks | 0 comments | Continued(ERJ) Embraer’s First Quarter Results Beat Estimates
Brazilian aircraft manufacturer Embraer S.A. (ERJ) reported its financial results for the first quarter of 2011, on May 2. Earnings per ADS in the quarter were 58 cents, up from 13 cents in the year-ago quarter, and down from 68 cents in the previous quarter. Results surpassed...
3May2011 | vitalstocks | 0 comments | Continued(CLX) Clorox Quarterly Earnings Report Disappoints
Clorox Corporation (CLX) posted lower third-quarter fiscal 2011 earnings of $1.03 per share compared with $1.07 per share in the year-ago quarter. Reported quarter earnings also failed to meet the Zacks Consensus Estimate of $1.04 per share. Clorox’s net sales during the quarter...
3May2011 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Revenues Fall – Outlook Improves
AstraZeneca plc (AZN) reported first-quarter fiscal 2011 core earnings of $2.23 per American Depositary Share (ADS), reflecting an increase of 10% (at constant exchange rates [CER]) from the prior-year quarter. The Zacks Consensus Estimate for the reported quarter was $2.04 per...
3May2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Meets Analyst Estimates – Sales Upbeat
Mylan Inc.’s (MYL) first quarter 2011 earnings (excluding special items) of 44 cents per share were in line with the Zacks Consensus Estimate. A higher quarterly tax rate, increased share count and pricing pressure in Europe offset the increase in generics revenue in North...
3May2011 | vitalstocks | 0 comments | Continued(PFE) Pfizer Tops on Earnings – Misses on Revenues
Pfizer Inc. (PFE) reported first quarter earnings of 60 cents per share, a couple of cents above the Zacks Consensus Estimate, and flat from the year-ago period. First quarter revenues declined 0.4% to $16.5 billion, just shy of the Zacks Consensus Estimate of $16.6 billion....
3May2011 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Beat Estimates on Bottom Line
Rowan Companies Inc. (RDC) recorded adjusted first-quarter 2011 earnings of 49 cents per share, breezing past the Zacks Consensus Estimate of 30 cents but showing deterioration from the year-earlier profit of 56 cents. Total revenue improved 15.8% year over year to $364.3 million...
3May2011 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Tops on Higher Volume
Natural gas provider, Chesapeake Energy Corp. (CHK) reported sharper-than-expected adjusted first quarter 2011 earnings of 75 cents per share, striding ahead of the Zacks Consensus Estimate of 70 cents. The outperformance came on the back of a 20% expansion in production volumes....
3May2011 | vitalstocks | 0 comments | Continued(HCN) Health Care REIT Beats The Street Slightly
Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported first quarter 2011 FFO (funds from operations) of 46 cents per share, compared to 51 cents in the year-earlier quarter. Fund from operations,...
3May2011 | vitalstocks | 0 comments | Continued(YHOO) Is Yahoo a Turn-Around Stock?
I noticed Yahoo (YHOO) when I was screening on Barchart for S&P 500 stocks having positive price momentum. It looks like this might be a turnaround candidate in every way. Competition is high in this sector and Yahoo has to go up against Google, AOL and MSN. Hopefully...
3May2011 | Shawn | 0 comments | Continued(ORCL) Oracle Makes Money The Old Fashioned Way
When I look for investments in the tech sector my Barchart screener often turns up Oracle (ORCL). Oracle seems to make money not by being an innovator but by implementing sound business practices and smart acquisitions that round out their offerings to customers. Money the...
3May2011 | Shawn | 0 comments | Continued(AA) Company News for May 03, 2011 – Corporate Summary
• Arch Coal, Inc. (NYSE:ACI) and International Coal Group, Inc. (NYSE:ICO) announced that they have signed a definitive agreement under which Arch will acquire all of the outstanding shares of ICG for $14.60 per share in an all-cash transaction valued at $3.4 billion • ...
3May2011 | vitalstocks | 0 comments | Continued(CEPH) Stock Market News for May 3, 2011 – Market News
Late on Sunday, US President Barack Obama declared: “I determined that we had enough intelligence to take action and authorized an operation to get Osama bin Laden and bring him to justice….After a firefight, they killed Osama bin Laden and took custody of his body.” The...
3May2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman’s Defense Orders Grow
Defense contractor, Northrop Grumman Corporation (NOC) continues to grow its order book receiving contracts from the U.S. Army as well as the Air Force. Both the contracts will run for five years. Yesterday, the U.S. Army showered a $77.9 million contract on Northrop to support...
3May2011 | vitalstocks | 0 comments | Continued(SOHU) Sohu.com Beats Analyst Estimates on Higher Revenues
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong first quarter 2011 results, driven by solid revenue growth, partially offset by higher expenses. Earnings per share (EPS) of $1.01 (including stock-based compensation) increased 38.4% from...
3May2011 | vitalstocks | 0 comments | Continued(RMBS) Rambus Beats Earnings Expectations With a Loss
Rambus Inc. (RMBS) posted first quarter 2011 loss per share of 2 cents, surpassing the Zacks Consensus Estimate of a loss of 6 cents. The adjusted loss per share excludes restatement and related legal charges, amortization, non-cash interest expense on convertible notes, gain...
3May2011 | vitalstocks | 0 comments | Continued(DPS) Dr Pepper Snapple Group Earnings Preview
Dr Pepper Snapple Group Inc. (DPS) is scheduled to report its first-quarter 2011 financial results before the opening bell on April 27, 2011. The current Zacks Consensus Estimates for the quarter is earnings of 46 cents a share. For the quarter under review, revenue is $1,308.0...
3May2011 | vitalstocks | 0 comments | Continued(CBE) Cooper Industries Beats The Street
Cooper Industries Ltd. (CBE) reported its first-quarter 2011 earnings per share from continuing operations of 93 cents, beating the Zacks Consensus Estimate of 84 cents. The company outperformed the prior-year earnings per share by 33%. During the quarter, the company achieved...
3May2011 | vitalstocks | 0 comments | Continued