Archive for May, 2011
(BHI) U.S. Drilling Rig Use Rises by 18 Units
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs. Interestingly, for the third week...
10May2011 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Analyst Maintains Neutral Rating on Shares
We maintain our Neutral recommendation on leading pelvic-health devices maker American Medical Systems (AMMD). Its first-quarter fiscal 2011 earnings of 33 cents per share beat the Zacks Consensus Estimate of 30 cents. Both revenues and profit rose roughly 4% year over year on...
10May2011 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Announces Aquisition of Skype
Microsoft Corp (MSFT) announced that it has entered into a definitive agreement for the acquisition of Skype for $8.5 billion in cash. The boards of directors of Microsoft and Skype have approved the deal and the two companies expect to obtain regulatory approval before year’s...
10May2011 | vitalstocks | 0 comments | Continued(ALKS) Stock Market News for May 10, 2011 – Market News
After suffering a slump last week, commodities made a strong comeback yesterday and lifted the benchmarks higher. Energy shares joined in on the uptrend as crude prices once again rose above $100 per barrel. Meanwhile fresh worries about Greece’s credit ratings partially limited...
10May2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for May 10, 2011 – Corporate Summary
• Hospitality Properties (NYSE:HPT) reported Q1 FFO of $0.83, topping the Zacks Consensus Estimate of $0.81 per share by 2 cents. Revenues for the quarter rose 10.9% year-over-year to $281.9 million, beating the Zacks Consensus Estimate of $262.0 million • Hertz...
10May2011 | vitalstocks | 0 comments | Continued(LECO) Lincoln Electric – Bull of the Day
Lincoln Electric’s (LECO) first quarter adjusted earnings were ahead of the Zacks Consensus Estimate. The company is pursuing a multi-year strategy to become more cost competitive by building manufacturing facilities in Eastern Europe and Asia. Recently, Lincoln Electric...
10May2011 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Quarterly Earnings Miss Expectations
Natural gas producer Ultra Petroleum Corp. (UPL) reported marginally weaker-than-expected first quarter 2011 results, hurt by lower prices. Earnings per share, excluding special items, came in at 57 cents, missing the Zacks Consensus Estimate by a penny. However, compared with...
10May2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Projects Higher Litigation Costs
Wells Fargo & Co. (WFC) raised its estimate for potential litigation expenses, according to the quarterly regulatory filing with the Securities and Exchange Commission. The company now estimates that in addition to its reserves it may require up to $1.7 billion in legal losses,...
10May2011 | vitalstocks | 0 comments | Continued(ATK) Alliant Techsystems Sees More Ammunition Orders
Alliant Techsystems Inc. (ATK), the world’s leading producer of small-caliber military and commercial ammunition, said it has received orders to produce small caliber ammunition worth more than $488 million pursuant to its contract with the U.S. Army Contracting Command,...
10May2011 | vitalstocks | 0 comments | Continued(VCLK) ValueClick 2011 First Quarter Earnings Preview
ValueClick Inc. (VCLK) is slated to release its first quarter 2011 results after the closing bell today. The Zacks Consensus Estimate for the first quarter of 2011 is pegged at 18 cents per share, reflecting a year-over-year growth of 28.6%. ValueClick posted an average earnings...
10May2011 | vitalstocks | 0 comments | Continued(ROI) SunPower Gets A Big Boost From Big Oil
by David Fessler, Investment U’s Monday, May 9, 2011 I haven’t written much about solar recently, and for good reason: There really hasn’t been much to write about. Many U.S. solar panel companies have gone belly-up, like EPV Solar, whose intellectual property was purchased...
10May2011 | InvestmentU | 0 comments | Continued(ITW) Illinois Tool Works Authorizes $4 Billion Buyback
Illinois Tool Works Inc’s (ITW) board of directors recently authorized the company to buyback approximately $4 billion of common shares, representing roughly 70 million shares based on the May 5 closing share price. No time frame was specified for the execution of the buyback...
10May2011 | vitalstocks | 0 comments | Continued(RGS) Regis Corporation – Bear of the Day
Regis Corp.’s (RGS) third quarter 2011 earnings missed the Zacks Consensus Estimate due to sluggish same-store sales and lower margin. The economic downturn has severely impacted the company’s earnings in the last few quarters, and Regis now expects same-store sales...
10May2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works – Bull of the Day
Illinois Tool Works’ (ITW) first quarter results were impressive as EPS surpassed the Zacks Consensus of $0.84 by 7 cents and increased 30% year over year, driven primarily by a healthy product demand. Benefits may also be derived both from strengthening auto markets in...
10May2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Announces $250 Million Increase to Share Buyback
AutoNation Inc. (AN) announced that its board of directors has authorized the repurchase of up to an additional $250 million of common stock under its existing share buyback program. This has increased the total authorized amount under the program to $395.9 million. Last year,...
9May2011 | vitalstocks | 0 comments | Continued(ALKS) Alkermesto Buy Elan Unit for $960 Million
Recently, Alkermes, Inc. (ALKS) inked a deal with Elan Corporation (ELN) to buy the latter’s Elan Drug Technologies (EDT) segment. The EDT segment is the drug delivery unit of Elan. The merger, expected to close in the third quarter of calendar 2011, is worth approximately...
9May2011 | vitalstocks | 0 comments | Continued(CRL) Charles River Laboratories International Beats The Street
Charles River Laboratories International Inc. (CRL) reported first quarter 2011 earnings (excluding special items) of 61 cents per share, above the Zacks Consensus Estimate of 55 cents and year-ago earnings of 45 cents. Quarterly revenue of $285.8 million was, however, down 2.2%...
9May2011 | vitalstocks | 0 comments | Continued(CHSI) Catalyst Health Solutions First Quarter 2011 Earnings Soar!
Catalyst Health Solutions Inc. (CHSI) reported first-quarter 2011 adjusted earnings of 52 cents per share, surpassing the Zacks Consensus Estimate of 50 cents. The results also compare favorably with earnings of 41 cents in the prior-year quarter. Catalyst Health’s adjusted...
9May2011 | vitalstocks | 0 comments | Continued(ONNN) ON Semiconductor Reports Earnings Above Expectations – Guidance Solid
ON Semiconductor (ONNN) reported first quarter earnings that exceeded the Zacks Consensus Estimate by 5 cents. Revenues were also strong, exceeding the Zacks Consensus by 4.4%. ON Semi estimates that disruptions related to the Japan natural disaster lowered revenue by $50 million,...
9May2011 | vitalstocks | 0 comments | Continued(ISIS) Isis Pharmaceuticals Reported Loss Widens
Isis Pharmaceuticals Inc. (ISIS) reported a net loss of 20 cents per share in the first quarter of 2011, wider than the year-ago loss of 10 cents and the Zacks Consensus loss Estimate of 19 cents. Revenues came in at $21.1 million, well below the Zacks Consensus Estimate of $26...
9May2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Regulators Close Another Bank – 2011 Tally Hits 40
Last Friday, U.S. regulators shuttered Cocoa Beach, Florida-based Coastal Bank, taking the number of failed banks thus far in 2011 to 40. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing on the back...
9May2011 | vitalstocks | 0 comments | Continued(XRX) Xerox and Cisco Systems Form Partnership
Xerox Corp. (XRX) and Cisco Systems Inc. (CSCO) have recently entered into a partnership that will enable the latter to use and offer the former’s cloud computing and print products and services on its network equipment. This will enable Cisco to offer more services to its...
9May2011 | vitalstocks | 0 comments | Continued(BT) BT Group Rated Buy by ValuEngine.com
BT Group (BT) plc is a holding corporation which operates primarily through British Telecommunications plc, an international provider of tele-communications services. The Company provides local and long-distance telephone call products and services in the United Kingdom, telephone...
9May2011 | valuengine | 0 comments | Continued(ADP) Stock Market News for May 9, 2011 – Market News
Just when investors had grown despondent, indices snapped their four-day losing streak on Friday, as the biggest employment addition in five years lifted markets into the green. Both the Dow Jones Industrial Average (DJIA) and Standard & Poor climbed 0.4% to settle at 12,638.74...
9May2011 | vitalstocks | 0 comments | Continued(AIG) Company News for May 9, 2011 – Corporate Summary
• American International Group Inc. (NYSE:AIG) reported first quarter operating income of $2.03 billion or $1.30 per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents per share and earnings of $637 million or 95 cents per share in the year-ago quarter • ...
9May2011 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Analyst Maintains Shares at Neutral
We maintain our Neutral recommendation on resuscitation devices maker ZOLL Medical (ZOLL). Revenues and earnings for second-quarter fiscal 2011 beat the Zacks Consensus Estimates driven by strong contributions from the Massachusetts-based company’s LifeVest and temperature...
9May2011 | vitalstocks | 0 comments | Continued(MET) MetLife Progresses with ALICO Results Included
MetLife Inc. (MET) reported first quarter operating earnings per share of $1.33, exceeding the Zacks Consensus Estimate of $1.26 per share and $1.04 per share in the year-ago quarter. Operating earnings increased 64% year over year to $1.42 billion from $864 million in the year-ago...
9May2011 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations
Prudential Financial Inc.’s (PRU) first quarter 2011 earnings of $1.69 per share topped the Zacks Consensus Estimate of $1.48 as well as the prior-year quarter’s earnings of $1.45 per share. Results were aided by solid performance in the company’s U.S. annuities and asset...
9May2011 | vitalstocks | 0 comments | Continued(JNJ) Johnson and Johnson Earns FDA Approval for Cancer Drug
Johnson and Johnson (JNJ) recently announced US Food and Drug Administration (FDA) approval for its prostate cancer therapy, Zytiga (abiraterone acetate). Zytiga, an oral, once-daily medication, gained approval for use in combination with prednisone for the treatment of metastatic...
9May2011 | vitalstocks | 0 comments | Continued(EOG) EOG Resources Delivers Impressive First Quarter
EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported better-than-expected adjusted first-quarter 2011 results on the back of 14% production growth as well as higher commodity prices. Quarterly earnings of 68 cents per share topped...
9May2011 | vitalstocks | 0 comments | Continued