Archive for May, 2011
(AMP) Ameriprise Financial Earnings Beat on Higher Revenue
Ameriprise Financial Inc.’s (AMP) first quarter 2011 operating earnings of $1.35 per share beat the Zacks Consensus Estimate of $1.33. This also fared well against the prior-year quarter’s earnings of 85 cents per share. Operating results exclude after-tax market impact on...
3May2011 | vitalstocks | 0 comments | Continued(CE) Celanese Beats Consensus
Specialty material company Celanese Corp. (CE) reported adjusted earnings of 96 cents per share in the first quarter of 2011, beating the Zacks Consensus Estimate of 83 cents. Diluted earnings per share in the quarter were 87 cents versus 6 cents in the prior-year quarter. Revenues...
3May2011 | vitalstocks | 0 comments | Continued(S) Sprint Nextel 2011 First Quarter Earnings Preview
Sprint Nextel Corp. (S), the third-largest U.S. wireless carrier, is slated to release its first quarter 2011 earnings on April 28 before the market opens. The current Zacks Consensus Estimate for the first quarter is net loss of 21 cents, representing a decline of 25.32% from...
3May2011 | vitalstocks | 0 comments | Continued(ECL) Ecolab Beats The Street – Guides Higher
Leading cleaning and sanitation products maker Ecolab Inc. (ECL) reported first-quarter fiscal 2011 adjusted (excluding special gains/charges and tax related adjustments) earnings of 45 cents, ahead of the Zacks Consensus Estimate of 44 cents while exceeding the year-ago adjusted...
3May2011 | vitalstocks | 0 comments | Continued(LLTC) Linear Technology Earnings Beats – Outlook Encouraging
Linear Technology (LLTC) reported third quarter earnings of 61 cents, beating the Zacks Consensus by 5 cents. Earnings declined 2.0% sequentially, while increasing 38.1% year over year. Linear cautioned investors about uncertainties related to Japan, which accounts for around...
3May2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Starts 2011 With a Bang – Guides Up
World’s largest stand-alone defense contractor,Lockheed Martin Corporation (LMT) started fiscal 2011 with a bang. The company posted first-quarter 2011 operating earnings of $1.55 per share, beating both the Zacks Consensus Estimate of $1.51 and year-ago quarterly earnings...
3May2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar to Redeem Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $7.57 million. The company decided to redeem 100% of the remaining amount. The three notes that the company redeemed have coupon rates of 5.5%, 5.6% and 5.25%, with...
3May2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Reports In Line
Before the opening bell, the low-cost carrier Southwest Airlines Co. (LUV) declared its first quarter 2011 adjusted earnings of 3 cents per share. The quarter’s results were at par with the Zacks Consensus Estimate as well as year-ago earnings. The company delivered strong...
3May2011 | vitalstocks | 0 comments | Continued(POOL) Pool Corporation – Bull of the Day
Pool Corporation’s (POOL) first-quarter 2011 earnings outperformed the Zacks Consensus Estimate. The company is an acknowledged leader in the industry. The potential for market growth is significant and cost-containment initiatives augur well for the business. The upcoming...
3May2011 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Limited – Bear of the Day
Everest Re Group (RE) reported an operating loss in the quarter, wider than the Zacks Consensus estimate as well as year ago results. The quarter suffered hugely due to the Australian flooding in January, the New Zealand Earthquake in February and the Tohoku Earthquake in March. We...
3May2011 | vitalstocks | 0 comments | Continued(MMM) 3M Company Exceeds Estimates
3M Co. (MMM) released its earnings results for the first quarter of 2011, reporting earnings per share of $1.49, beating the Zacks Consensus Estimate of $1.43. The company’s organic revenues improved in all of its six businesses. Revenue Total revenues for the quarter increased...
3May2011 | vitalstocks | 0 comments | Continued(AMD) Advanced Micro Devices Has Good 2011 First Quarter
Advanced Micro Devices (AMD) reported first quarter earnings of 7 cents a share, beating the Zacks Consensus Estimate of 5 cents.The shares are likely to remain buoyant, as results did not disapppoint. Results were, however, not as exceptional as rival Intel Corp’s (INTC),...
2May2011 | vitalstocks | 0 comments | Continued(BP) The BP Oil Spill – One Year Later
by Tony D’Altorio, Investment U Research Tuesday, April 26, 2011 April 20, 2011 was the one-year anniversary of the BP ADR (NYSE: BP) oil spill. The Deepwater Horizon rig explosion in the Gulf of Mexico caused the worst offshore oil spill in U.S. history. Naturally, that...
2May2011 | InvestmentU | 0 comments | Continued(JPM) U.S. Bank Failures in 2011 Extend to 39
A spate of bank failures swept across the sector last Friday, with U.S. regulators closing down five more banks. Out of these failed banks, two were based in Florida, two in Georgia and one in Michigan. This brings the number of U.S. bank failures to 39 so far in 2011, after...
2May2011 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Earnings Preview
Fidelity National Information Services Inc.(FIS) is scheduled to report its first quarter 2011 results before the opening bell on May 3, 2011. In the run up to the earnings report, there have not been any variations in analyst estimates. Fourth Quarter 2010 Highlights Fidelity...
2May2011 | vitalstocks | 0 comments | Continued(MI) Marshall & Ilsley Reports High Loss
Marshall & Ilsley Corporation’s (MI) first quarter 2011 loss of 27 cents per share exceeded the Zacks Consensus Estimated loss of 18 cents but was in line with the prior-year quarter result. M&I’s results for the reported quarter suffered mainly due to lower net interest...
2May2011 | vitalstocks | 0 comments | Continued(CAG) Company News for May 2, 2011 – Corporate Summary
• Research firm Argus downgraded Flextronics International Ltd. (NASDAQ:FLEX) from “buy” to “hold” rating • Merck & Co. Inc.’s (NYSE:MRK) earnings per share (excluding special items) for the first quarter of 2011 came in at...
2May2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for May 2, 2011 – Market News
Investors were in an upbeat mood after the benchmarks had their best monthly performance in years and the markets had their best run in five weeks, ended with gains on Friday. Through the week, the indices were pushed higher by the Federal Reserve’s vow to keep interest rates...
2May2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Reports Profits Highest in a Decade
Ford Motor Co. (F) flashed its first quarter 2011 earnings with a roaring 48% rise in profit to $2.61 billion from $1.76 billion in the same quarter of 2010. On earnings per share basis, profits rose 35% to 62 cents per share from 46 cents per share a year ago, thereby topping...
2May2011 | vitalstocks | 0 comments | ContinuedOvervaluation Figures Reaching Critical Levels – ValuEngine.com Universe
VALUATION WATCH: Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 62% of our universe and 30% of the universe is calculated to be overvalued by 20% or more. All Sectors are calculated to be overvalued Valuation Watch ValuEngine.com...
2May2011 | valuengine | 0 comments | Continued(MCO) Moody’s Reports Excellent 2011 First Quarter Earnings
Moody’s Corp. (MCO) reported strong first quarter 2011 earnings, beating the Zacks Consensus Estimate of 53 cents by 14 cents (26.4%). The positive surprise was primarily driven by strong top-line growth across all segments. Based on the strong results, Moody’s revised its...
2May2011 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Earnings Report Soars From Rocketing Oil Prices
U.S. energy behemoth ExxonMobil Corp.’s (XOM) first quarter earnings shot up more than 69% year over year (from $6.3 billion to $10.7 billion), driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. The world’s largest...
2May2011 | vitalstocks | 0 comments | Continued(BP) BP Quarterly Earnings Report Falls Short of Expectations
BP Plc (BP) reported first-quarter 2011 earnings of $1.69 per American Depositary Share (ADS), well below the Zacks Consensus Estimate of $1.80. The quarterly result was also lower than the year-earlier profit level of $1.78. We have adjusted earnings for non-operating items...
2May2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Quarterly Earnings Knock The Cover Off The Ball
Caterpillar Inc. (CAT) posted a very strong increase in profit to $1.23 billion or $1.84 per share in the first quarter of 2011 from $233 million or 36 cents per share in the same quarter of 2010, primarily driven by higher sales volume This is an all-time quarterly record in...
2May2011 | vitalstocks | 0 comments | Continued(SYK) Stryker 2011 First Quarter Earnings Scorecard
Orthopedic devices major Stryker Corporation (SYK) reported first-quarter fiscal 2011 adjusted (excluding one-time acquisition-related charges) earnings per share of 90 cents, beating the Zacks Consensus Estimate by a penny. The Quarter Revisited Profit (as reported) for the...
2May2011 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation – Bull of the Day
AAR Corporation (AIR) posted encouraging results for the third quarter 2011 with earnings per share of $0.45; up 61% year over year and surpassed the Zacks Consensus Estimate of $0.42. Improvements in all business segments, except for Structures and Systems, roughly doubled the...
2May2011 | vitalstocks | 0 comments | Continued(MRH) Montpelier Re Holdings – Bear of the Day
Montpelier Re Holdings (MRH) reported operating loss, less than the Zacks Consensus Estimate loss but wider than the year-ago loss. The quarter suffered largely due to huge catastrophe losses coupled with significant increase in expense as well as lower investment income. The...
2May2011 | vitalstocks | 0 comments | Continued(AAPL) Apple’s Dispute With Samsung Heats Up
by Tony D’Altorio, Investment U Research Wednesday, April 27, 2011 The real news from Apple (Nasdaq: AAPL) last week was not its stellar earnings report. Since it usually outperforms expectations, the recent results were almost boring. Much more interesting, however, is...
2May2011 | InvestmentU | 0 comments | Continued(NYT) The New York Times Company Misses by a Penny
The New York Times Company (NYT) recently posted lower-than-expected first-quarter 2011 results, reflecting sagging advertising and circulation revenues. The quarterly earnings of 2 cents a share missed the Zacks Consensus Estimate by a penny, and dropped substantially from 11...
1May2011 | vitalstocks | 0 comments | Continued(DHI) Home Prices Still Falling
In February, home prices continued to slip, and the declines were widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.23% on a seasonally adjusted basis, and is down 2.60% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
1May2011 | vitalstocks | 0 comments | Continued