Archive for May, 2011
(VCLK) ValueClick 2011 First Quarter Earnings Beats Estimates
ValueClick Inc. (VCLK) reported first quarter 2011 earnings (including stock-based compensation but excluding amortization of intangibles) of 24 cents per share. The EPS comprehensively beat the Zacks Consensus Estimate of 18 cents and was up 41.2% year over year from 17 cents...
5May2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications First Quarter 2011 Earnings Scorecard
The largest U.S. mobile service provider Verizon Communications (VZ) reported first quarter 2011 results on April 21. Adjusted earnings of 51 cents beat the Zacks Consensus Estimate by a penny and were 32 cents above the year-ago earnings. First Quarter Review Continued strength...
5May2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Analyst Upgrades Shares to Neutral
We have upgraded our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform attributed to synergies expected from the recent acquisitions. In April, Northern Trust reported first-quarter 2011 earnings of 59 cents per share, which was below the Zacks...
5May2011 | vitalstocks | 0 comments | Continued(VVUS) Vivus First Quarter 2011 Loss Narrower than Expected
Vivus Inc.’s (VVUS) first quarter 2011 loss of 12 cents per share was narrower than the Zacks Consensus loss Estimate by 3 cents and the year-ago loss (from continuing operations) by 9 cents. The narrower loss in the reported quarter was attributable to a decline in operating...
5May2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp 2011 First Quarter Profit Surges
Goldcorp Inc.’s (GG) reported net earnings in the first quarter of 2011 were $651 million compared with $232 million in the first quarter of 2010. Adjusted net earnings were $397 million, or 50 cents per share compared with $159 million or 22 cents per share in the first quarter...
5May2011 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories Earns FDA Approval of AndroGel
Abbott Laboratories (ABT) recently gained US Food and Drug Administration (FDA) approval for AndroGel (testosterone gel) 1.62%. The gel formulation is approved for the treatment of hypogonadism (low or zero testosterone levels) in adult men. Abbott Labs already has a product...
5May2011 | vitalstocks | 0 comments | Continued(RAA) Insurance Industry Stock Update – May 2011 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to some extent in recent quarters. Though the market turmoil forced many companies to take immense write-downs,...
5May2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Updates iPhone Software
Faced with a barrage of queries and a possible Congressional hearing, Apple Inc. (AAPL) has reportedly updated its iPhone to limit the amount of data stored on the device related to recently visited locations. New Software Details The updated iOS 4.3.3 software, when installed...
5May2011 | vitalstocks | 0 comments | Continued(TBT) Finding Income AND Momentum in a Tough Economy
With the 10-year T-note yielding only 3.21%, investors interested in getting income from their investments are in sort of a tough place. Dividend-paying stocks are a very good place to look for a replacement. One thing you know for sure is that the coupon payment on a 10-year...
5May2011 | vitalstocks | 0 comments | Continued(BGFV) Big 5 Sporting Goods 2011 First Quarter Earnings Fall Far Short of Estimates
Big 5 Sporting Goods Corp. (BGFV) reported first quarter 2011 earnings per share of 13 cents, falling short of the Zacks Consensus Estimate of 19 cents a share and trailing 43.5% from 23 cents per share reported in the same quarter last year. Quarter in Detail Net sales increased...
5May2011 | vitalstocks | 0 comments | Continued(OSG) Overseas Shipholding Group Beats Estimates
Overseas Shipholding Group Inc. (OSG), the second largest independent oil tanker company in the world, reported mounting losses in the first quarter of 2011. Despite this, quarterly results beat the Zacks Consensus Estimates. Overseas Shipholding has a massive 80% spot exposure....
5May2011 | vitalstocks | 0 comments | Continued(CNQR) Concur Technologies Beats Earnings Estimates
Concur Technologies Inc. (CNQR) reported second-quarter fiscal 2011 earnings per share from continuing operations of 6 cents, below the Zacks Consensus Estimate of 9 cents and prior-year earnings per share of 13 cents. However, the company’s earnings and revenue performance...
5May2011 | vitalstocks | 0 comments | Continued(CMCSA) Comcast 2011 First Quarter Outperforms
Comcast Corp. (CMCSA) reported excellent first-quarter 2011 financial results, which exceeded the Zacks Consensus Estimate. This fabulous performance was the combined effect of higher broadband subscribers’ addition and increased advertising revenue from NBC Universal, of which...
5May2011 | vitalstocks | 0 comments | Continued(HNT) Health Net First Quarter Report Beats Top Line
Health Net Inc. (HNT) reported first-quarter loss of $108.2 million or a loss per share of $1.16 compared to a net income of $16.1 million or 16 cents in the prior-year quarter. The reported quarter included a $177.2 million pretax or $157.9 million after tax, charge related...
5May2011 | vitalstocks | 0 comments | Continued(TWX) Time Warner Quarterly Report a Penny Ahead of Expectations
Time Warner Inc. (TWX), the diversified media conglomerate, recently posted first-quarter 2011 results. The quarterly earnings of 58 cents a share came a penny ahead of the Zacks Consensus Estimate but dropped 4.9% from 61 cents earned in the prior-year quarter sending the shares...
5May2011 | vitalstocks | 0 comments | Continued(DXCM) DexCom Misses Analyst Estimates
DexCom (DXCM), a prominent player in the glucose monitoring market, reported first-quarter fiscal 2011 loss per share of 19 cents, a penny higher than the Zacks Consensus Estimate while sharply less than the year-ago loss of 40 cents per share. Net loss for the quarter trimmed...
5May2011 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons Misses Earnings Estimates
A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (RRD) reported earnings per share (EPS) of 33 cents in the first quarter of 2011, which missed the Zacks Consensus Estimate by 3 cents. The company failed to beat the Zacks Consensus...
5May2011 | vitalstocks | 0 comments | Continued(CEPH) Cephalon First Quarter 2011 Earnings Miss Expectations
Cephalon Inc. (CEPH) delivered first quarter earnings of $1.98 per share, several cents below the Zacks Consensus Estimate of $2.04 but 12.5% above the year-ago earnings of $1.76. First quarter revenues, which increased 24.9% to $745.1 million, missed the Zacks Consensus Estimate...
5May2011 | vitalstocks | 0 comments | Continued(TEN) Tenneco Quarterly Report Doubles Profit
Tenneco Inc. (TEN) depicted a profit of $39 million or 63 cents in the first quarter of 2011, surpassing the Zacks Consensus Estimate by 15 cents per share. It more than doubled from $15 million or 25 cents in the same quarter of 2010 driven by higher original equipment (OE)...
5May2011 | vitalstocks | 0 comments | Continued(ACAS) American Capital Quarterly Report Runs Ahead Estimates
American Capital Ltd.’s (ACAS) first-quarter 2011 operating income of 23 cents per share surpassed the Zacks Consensus Estimate by 5 cents. The results were also ahead of the prior-year quarter’s earnings of 17 cents per share. The favorable outcome was due to a drop in operating...
5May2011 | vitalstocks | 0 comments | Continued(AGN) Company News for May 5, 2011 – Corporate Summary
• R.R. Donnelley & Sons (NYSE:RRD) reported Q1 EPS of $0.33, missing the Zacks Consensus Estimate of $0.36 per share. Revenues for the quarter rose 7% year-over-year to $2.58 billion, lower than the Zacks Consensus Estimate of $2.634 billion • The Williams...
5May2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for May 5, 2011 – Market News
Markets declined on Wednesday, as disappointing economic data combined with the lack of strong quarterly results weighed the benchmarks down. The job market has not looked rosy and investors’ fears were heightened with signs of a slowing economy. Even after three trading days,...
5May2011 | vitalstocks | 0 comments | Continued(PMI) PMI Group Incorporated – Bear of the Day
PMI Group Inc’s (PMI) fourth quarter operating loss widened from Zacks Consensus Estimate due to continued large losses and lower premiums earned partially offset by lower underwriting and operating expenses. We expect losses and loss adjustment expenses from mortgage insurance...
5May2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Bull of the Day
Eastman Chemical Company (EMN) delivered EPS of $2.52, significantly beating the Zacks Consensus Estimate of $1.97. Revenues of $1.8 billion, which outpaced the Zacks Consensus Estimate of $1.5 billion, were driven by higher sales volume and increased selling prices. Eastman...
5May2011 | vitalstocks | 0 comments | Continued(COST) U.S. Jobless Claims Report Much Higher Than Anticipated
The market is getting nervous about the economic recovery. Concerns that the first quarter softness may carry into the second quarter and beyond have been weighing on stocks lately. Economists have generally maintained their GDP growth forecasts at this stage. But softish economic...
5May2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Mortgage Rating Downgraded
Bank of America Corporation’s (BAC) mortgage servicing ratings have been downgraded by Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO). The main reason behind the cut was the deterioration in the company’s collections and loss mitigation on...
5May2011 | vitalstocks | 0 comments | Continued(ADP) Weak Automatic Data Processing Report – Mixed Earnings
With the April non-farm payroll report coming out Friday morning, the market’s focus remains on the labor market. And we got a less-than-reassuring glimpse of the jobs situation through the weaker-than-expected report this morning from the payroll processor, Automatic Data...
4May2011 | vitalstocks | 0 comments | Continued(BZH) Stock Market News for May 4, 2011 – Market News
On Tuesday, markets felt the pinch of disappointing quarterly results and the benchmarks slid a few points as investors feared profitability might drop over the coming quarters. Over the past couple of weeks, markets have remained upbeat, climbing to multi-year highs following...
4May2011 | vitalstocks | 0 comments | Continued(AVP) Company News for May 04, 2011 – Corporate Summary
• Share prices of Beazer Homes (NYSE:BZH) dropped more than 5% to end the day at $4.33 after the company reported a larger-than-expected loss primarily because of lesser orders for new homes, which shows the continued weakness in the housing industry • Pfizer’s...
4May2011 | vitalstocks | 0 comments | Continued(CAR) Avis Budget Beats Earnings on Better Travel Trends
Avis Budget Group Inc. (CAR) posted first-quarter 2011 net income of $7.0 million compared with a net loss of $38.0 million in the year-ago period. Excluding extraordinary items, quarterly income came in at $12.0 million or 11 cents a share. Earnings per share for the quarter...
4May2011 | vitalstocks | 0 comments | Continued