Archive for May, 2011
(TU) Telus Tops Quarterly Expectations on Subscriber Growth
The second largest Canadian telecommunications company, Telus Corporation (TU) reported first quarter 2011 adjusted earnings per ADS of 98 cents (97 Canadian cents per share), outpacing the Zacks Consensus Estimate by a penny. Adjusted earnings increased 14% year over year. The...
9May2011 | vitalstocks | 0 comments | Continued(PSA) Public Storage Quarterly Report Misses Estimates
Public Storage (PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported first quarter 2011 FFO (funds from operations) of $1.48 per share, compared with $0.78 in the year-earlier quarter. Fund from operations, a widely used metric to gauge...
9May2011 | vitalstocks | 0 comments | Continued(PEET) Peet’s Coffee & Tea Beats Earnings Estimate by 20%
Peet’s Coffee & Tea Inc. (PEET) reported first quarter 2011 diluted earnings per share of 41 cents, up 58% versus 2010 proforma diluted earnings per share of 26 cents. It also surpassed the Zacks Consensus Estimate of 34 cents by 20.58%. The company lowered full-year...
9May2011 | 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...
9May2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Holdings Expects Earnings Fall
Sears Holdings Corporation (SHLD), after suffering a decline in earnings of just 0.5% in the fourth quarter of fiscal 2010, expects to incur a loss in the first quarter of fiscal 2011. The company expects net loss in the range of $145 million to $195 million, which entails loss...
8May2011 | vitalstocks | 0 comments | Continued(BNHN) Benihana Sales Grow
Benihana Inc.(BNHN), the largest operator of Japanese restaurants in the U.S, posted restaurant sales of $26.7 million for the four-week period ending April 24, 2011, up 5.8% from $25.3 million in the year-ago period. Results reflect improved comparable restaurant sales at...
8May2011 | vitalstocks | 0 comments | Continued(PCG) PG&E Corporation Misses Expectations – Keeps Dividend Steady
PG&E Corporation’s (PCG) operating earning per share of 58 cents in the first quarter of fiscal 2011 fell short by a wide margin versus both the Zacks Consensus Estimate of 81 cents and the year-ago number of 79 cents. The company to date has yet to receive the approval...
8May2011 | vitalstocks | 0 comments | Continued(VRTX) Vertex Pharmaceuticals Posts Wider Loss
Vertex Pharmaceuticals Inc. (VRTX) posted first-quarter 2011 loss (including stock-based compensation expense) of $1.05 per share, in line with the Zacks Consensus Estimate, but wider than the year-ago loss of 80 cents. Increased expenses related to the potential launch of hepatitis...
8May2011 | vitalstocks | 0 comments | Continued(PRGO) Perrigo Cruises Past Estimates – Lifts Outlook
Perrigo Company (PRGO) reported earnings per share of $1.07 for the third quarter of fiscal 2011, easily beating the Zacks Consensus Estimate of 96 cents and the year-earlier earnings of 81 cents per share. Results were driven by a solid top-line performance. Third quarter revenues...
8May2011 | vitalstocks | 0 comments | Continued(ACOR) Acorda Therapeutics Reports Loss That Missed Expectations
Acorda Therapeutics Inc. (ACOR) posted a loss of 2 cents per share for the first quarter of fiscal 2011, compared with a loss of 56 cents in the year-ago period. The Zacks Consensus Earnings Estimate for the quarter was 18 cents per share. Despite increased revenues, higher operating...
8May2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Earnings Beats The Street Marginally
Video game developer and publisher, Electronic Arts (ERTS) reported fourth quarter 2011 results, which inched past the Zacks Consensus. The better-than-expected results were driven by strong top-line growth in the quarter. Operating Performance Electronic Arts reported non-GAAP...
8May2011 | vitalstocks | 0 comments | Continued(SNP) China Petroleum and Chemical Corporation First Quarter Aided by Higher Prices
China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported first quarter 2011 earnings per share of 0.236 yuan ($3.59 per ADS), up 26% year over year. Net income increased 25.2% from the prior-year level to 20.6 billion yuan (US$3.133 billion). The increase can be...
7May2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Stays at Neutral
We reiterate our Neutral recommendation on Xerox Corporation (XRX), which is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. Headquartered in Norwalk, Connecticut, Xerox has its presence in more than 160 countries. The...
7May2011 | vitalstocks | 0 comments | Continued(PAYX) Paychex Takes Over ePlan Services
New York-based outsourcing service provider Paychex Inc. (PAYX) recently completed the acquisition of recordkeeping and administrative solutions provider, ePlan Services. Financial details of the transaction were not divulged. Post acquisition, ePlan Services will operate as...
7May2011 | vitalstocks | 0 comments | Continued(MUR) Murphy Oil Beats on Bottom Line
Murphy Oil Corporation (MUR) announced first-quarter 2011 operating earnings of $1.38 per share compared with 77 cents per share in the year-ago quarter. The results of the company surpassed the Zacks Consensus Estimate by 38 cents. The year-over-year growth in earnings was attributable...
7May2011 | vitalstocks | 0 comments | Continued(LVS) Las Vegas Sands Earnings Disappoint
Las Vegas Sands Corp. (LVS) recorded adjusted earnings of 37 cents per share in the first quarter of 2011, which fell shy of the Zacks Consensus Estimate of 44 cents but improved considerably from 7 cents reported in the year-earlier quarter. On a GAAP basis, the company reported...
7May2011 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Reported Mixed First Quarter 2011
Yesterday, after market close,j2 Global Communications Inc. (JCOM) reported mixed financial results for the first quarter of 2011. GAAP net income was $30.9 million or 66 cents per share compared with $17.6 million or 39 cents per share in the year-ago quarter. First-quarter...
7May2011 | vitalstocks | 0 comments | Continued(PWR) Quanta Services Underperforms
Quanta Services Inc. (PWR) reported first-quarter 2011 adjusted loss per share of 5 cents, below the Zacks Consensus Estimate of earnings per share of 3 cents and prior-year earnings per share of 15 cents. Total Revenue Total revenue for the quarter was $849.0 million compared...
6May2011 | vitalstocks | 0 comments | Continued(V) Visa Gains Big – Earnings Beat Analyst Estimates
Visa Inc.’s (V) fiscal second quarter 2011 (ended March 31, 2011) operating earnings of $1.23 per Class A common share were three pennies ahead of the Zacks Consensus Estimate of $1.20 per share, but substantially exceeded 96 cents reported in the year-ago quarter on lower...
6May2011 | vitalstocks | 0 comments | Continued(PCLN) U.S. Jobs Report Better than Expected
The negative build-up over the last few days to today’s jobs report turned out to be completely off the mark. We got an impressive jobs report this morning, with the private sector coming up with one of its best showings in a long time. The Bureau of Labor Statistics reported...
6May2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Suffers From Catastrophe Losses
American International Group Inc. (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. On a GAAP...
6May2011 | vitalstocks | 0 comments | Continued(PXP) Plains Exploration & Production Posts Strong 2011 First Quarter
Plains Exploration & Production Co. (PXP) posted first-quarter 2011 operating earnings of 37 cents per share, beating the Zacks Consensus Estimate of 33 cents and the year-ago profit of 31 cents. The company’s outperformance in the quarter was driven by higher crude oil...
6May2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners Posts Strong First Quarter Earnings
Magellan Midstream Partners L.P. (MMP), a master limited partnership (“MLP”), reported earnings per unit (EPU) of $1.01 (excluding mark-to-market commodity-related pricing adjustments), surpassing both the Zacks Consensus Estimate of 87 cents and the year-ago profit of 67...
6May2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Earnings Miss – Profit Slumps
Pipeline operator Energy Transfer Partners L.P. (ETP) announced weak first quarter results, as volumes suffered due to a lower base of differentials between the West and East Texas market hubs. The owner of the biggest intrastate pipeline system in Texas reported earnings per...
6May2011 | vitalstocks | 0 comments | Continued(IBKR) Interactive Brokers Group – Bull of the Day
We are upgrading our recommendation on Interactive Brokers Group (IBKR) to Outperform based on substantially better-than-expected first quarter results with the rebound of Market Making and continuous growth in Electronic Brokerage. The initiation of a quarterly dividend was...
6May2011 | vitalstocks | 0 comments | Continued(BGFV) Big Five Sporting Goods – Bear of the Day
Big 5 Sporting Goods (BGFV) earnings of $0.13 per share for the first quarter 2011 missed the Zacks Consensus Estimate of $0.19, and also fell short of its own guidance range of $0.15 to $0.22 per share. The company posted a 43.5% decline in the earnings due to lower same-store...
6May2011 | vitalstocks | 0 comments | Continued(AMAT) Applied Materials Announces Aquisition of Varian Semiconductor
Applied Materials (AMAT) has announced that the company’s board of directors unanimously approved the acquisition of Varian Semiconductor (VSEA) for $63 per share in cash. Varian’s board of directors has also approved the acquisition. Varian will operate as a separate business...
6May2011 | vitalstocks | 0 comments | Continued(APC) Stock Market News for May 6, 2011 – Market News
Benchmarks continued to linger in the red on Thursday, weighed down by disappointing jobs data, as investors chose to exit the gold, silver and oil markets. Commodities fell significantly and crude slipped below the $100 per barrel mark. The Dow Jones Industrial Average inched...
6May2011 | vitalstocks | 0 comments | Continued(ANH) Company News for May 06, 2011 – Corporate Summary
• Career Education Corp.’s (NASDAQ:CECO) shares gained 7.43% after the for-profit educator reported a first-quarter profit topping estimates on Wednesday • Trucking company Con-way Inc.’s (NYSE:CNW) shares rose 5.16% to close at $39.54 after the company reported...
6May2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software Reports Decent Fourth Quarter Earnings
BMC Software Inc. (BMC) reported fourth quarter 2011 earnings per share of 64 cents, which missed the Zacks Consensus Estimate of 66 cents. Revenue Reported revenue of $562.0 million increased 14.0% year over year. The company is witnessing a significant shift in customer preference...
5May2011 | vitalstocks | 0 comments | Continued