Archive for May, 2011
(PXD) Pioneer Natural Resources Profits – Production Grows
Pioneer Natural Resources Company (PXD) reported first quarter 2011 adjusted earnings of 68 cents per share, outpacing the Zacks Consensus Estimate of 53 cents and showing a decent improvement from the year-earlier income of 48 cents. Better-than-expected results were mainly...
4May2011 | vitalstocks | 0 comments | Continued(MCK) McKesson Shines – Provides 2012 View
McKesson Corp.’s (MCK) fourth quarter fiscal 2011 earnings of $1.66 per share (excluding special items) beat the Zacks Consensus Estimate by 6 cents and the year-ago earnings by 40 cents. For fiscal 2011, earnings (excluding special items) came in at $5.00 per share, surpassing...
4May2011 | vitalstocks | 0 comments | Continued(OKE) ONEOK Incorporated Misses Earnings Estimates
ONEOK Inc. (OKE) reported a first-quarter profit of $1.19 per share, down from $1.44 earned in the year-ago quarter. The quarterly results also lagged the Zacks Consensus Estimate of $1.32 per share. The year-over-year decline was attributable to lower margins at the Energy Services...
4May2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG First Quarter 2011 Earnings Underperforms
Foster Wheeler AG (FWLT) reported first-quarter 2011 earnings per share from continuing operations of 18 cents compared with 56 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 42 cents. Excluding asbestos related provision of 1 cent,...
4May2011 | vitalstocks | 0 comments | Continued(GE) General Electric Keeps on Marching
I decided to look at some of the most widely held stocks to see how they’re doing. General Electric (GE) is always at the top of that list. The key to success at GE is that it is so big and in so many sectors that it’s revenue almost mirrors the whole economy in...
4May2011 | Shawn | 0 comments | Continued(HRS) Harris Corporation Earnings Report Beats – Revenue Misses
Harris Corp.(HRS) declared its third quarter 2011 financial results yesterday after the closing bell. Quarterly adjusted (excluding special charges) earnings per share (EPS) of $1.16 beats the Zacks Consensus Estimate by a penny. In the after-market trade in NYSE, Harris’ shares...
4May2011 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Employment Survey Sees 179,000 Jobs Added
The Automatic Data Processing (ADP) employment survey was weaker than expected in April. It shows that private sector employment rose by 179,000, below consensus expectations for a 200,000 increase. That marks a slowdown from the 207,000 jobs added (as estimated by ADP) in March. Partially...
4May2011 | vitalstocks | 0 comments | Continued(PEG) Public Service Enterprise Group Installs Solar Rooftops
Public Service Electric and Gas Company (PSE&G), a subsidiary of Public Service Enterprise Group Inc. (PEG), along with Matrix Development Group completed installation of two solar rooftops at adjacent Matrix-owned buildings in Perth Amboy, New Jersey. The two 2.8 megawatts...
4May2011 | vitalstocks | 0 comments | Continued(ABAX) Alere Quarterly Earnings Beats Estimates
Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, reported first-quarter fiscal 2011 adjusted earnings per share of 61 cents, beating the corresponding Zacks Consensus Estimate of 57 cents while trailing the year-ago earnings...
4May2011 | vitalstocks | 0 comments | Continued(CCC) Calgon Carbon Earnings Report Misses Estimates
Calgon Carbon Corporation (CCC) reported a profit of 15 cents per share in the first quarter of 2011 compared with 17 cents in the year-ago quarter. Reported earnings missed the Zacks Consensus Estimate of 17 cents. Revenues Sales in the quarter increased 20.8% to $124.4 million...
4May2011 | vitalstocks | 0 comments | Continued(PRE) PartnerRe Quarterly Report Shows Big Loss On Lummets On Higher Catastrophe Losses
PartnerRe Ltd.’s (PRE) first quarter operating loss per share of $10.82 came in significantly higher than the Zacks Consensus Estimate of a loss of $7.68 per share and 60 cents recorded in the year-ago quarter. Operating loss substantially increased to $735.6 million from $50.4...
4May2011 | vitalstocks | 0 comments | Continued(TMK) Torchmark Announces Split of Common Stock
The board of directors of Torchmark Corporation (TMK) has authorized a three-for-two partial stock split of its common stock. Torchmark stated that the stock split will be carried out through a stock dividend issue. The 3:2 stock split will be paid in the form of a 50% stock...
4May2011 | vitalstocks | 0 comments | Continued(THC) Tenet Healthcare Quarterly Earnings Beats
Tenet Healthcare Corporation (THC) reported its first-quarter income from continuing operations of $82 million or 16 cents per share, ahead of the Zacks Consensus Estimate of 14 cents per share. Net operating income in the prior-year quarter was $83 million or 16 cents per share. The...
4May2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Earnings Report Significantly Above Estimates
Independent oil and gas producer Anadarko Petroleum Corporation’s (APC) operating earnings of 72 cents per share in the first quarter showed a positive surprise of 26.3% rising significantly above the Zacks Consensus Estimate of 57 cents. On a year-over-year comparison, however,...
4May2011 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Technology Solutions Earnings Beats The Street
Leading information technology services provider Cognizant Technology Solutions Corporation (CTSH) reported revenues of $1.37 billion in the first quarter of 2011, up 42.9% year over year and up 4.6% sequentially, in-line with the Zacks Consensus Estimate and management’s...
4May2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Announces Debt Redemption Again
Beginning fiscal 2011, Caterpillar Inc. (CAT), has redeemed debt totaling $38.72 million, including twelve notes having different coupon rates. Soon after its outstanding first quarter results, the company yet again has come up with the redemption of $10.49 million of debt via...
4May2011 | vitalstocks | 0 comments | Continued(IBKR) Interactive Brokers Group Reports Better Metrics
On Monday, Interactive Brokers Group Inc.’s (IBKR) business segment Electronic Brokerage announced its monthly performance data for the month of April. The segment clears and settles trades globally for both individual and institutional clients. Interactive reported 170,700...
4May2011 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons 2011 First Quarter Earnings Preview
A leading commercial printing company, R.R. Donnelley & Sons (RRD) is scheduled to report its first quarter 2011 results on May 4, before the market opens. The Zacks Consensus Estimate for the first quarter of 2011 is pegged at 36 cents per share, which reflects a year-over-year...
4May2011 | vitalstocks | 0 comments | Continued(TSRA) Tessera Technologies Beats the Analyst Consensus
Tessera Technologies, Inc. (TSRA) reported first quarter earnings that beat the Zacks Consensus estimate by 16 cents, or 50.0%. Despite a significant revenue decline, Tessera beat the Zacks Consensus due to lower-than-expected expenses and a much lower tax rate. Revenue Tessera’s...
4May2011 | vitalstocks | 0 comments | Continued(NI) NiSource Quarterly Earnings Report Meets Expectations
Diversified utility NiSource Inc. (NI) posted first quarter 2011 net operating earnings of 72 cents per share, in line with the Zacks Consensus Estimate as well as year-ago results. Net operating earnings totaled $202.3 million, up 2% year over year. On a GAAP basis, net income...
4May2011 | vitalstocks | 0 comments | Continued(AVP) Avon Products Beats The Street on Emerging Markets
Avon Products Inc. (AVP) recently posted first-quarter 2011 adjusted earnings of 37 cents a share, which beat the Zacks Consensus Estimate of 31 cents and increased 12.1% from the year-ago figure of 33 cents a share. On a reported basis, including one-time items, earnings jumped...
4May2011 | vitalstocks | 0 comments | ContinuedKey Fundamental Market Questions
Early May is beset by a “Flight to Safety” trade. That may be hard to see from the modest losses of the S&P 500 the past couple days. However, as I write this article the riskier/smaller cap stocks of the Russell 2000 are down 3% since Monday morning. So quite likely...
4May2011 | vitalstocks | 1 comment | Continued(AGU) Agrium Eyes European Buy
Agrium Inc. (AGU), a leading Canadian farm dealer and fertilizer producer announced the purchase of Italian fertilizer distribution company CerealToscana S.A. and its Romanian subsidiary, Agroport, for $27 million plus working capital. The combined companies have a stable financial...
4May2011 | vitalstocks | 0 comments | Continued(UDR) UDR Reports 2011 First Quarter Mixed Results
UDR, Inc (UDR) reported first quarter 2011 FFO (fund from operations) of $56.8 million or 30 cents per share compared to $46.8 million or 28 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding...
4May2011 | vitalstocks | 0 comments | Continued(HCP) HCP Earnings Report Zooms Past Estimates
HCP, Inc. (HCP), the largest medical real estate investment trust (REIT) in the U.S., reported first quarter 2011 FFO (funds from operations) of $149.7 million or 40 cents per share, compared with $158.7 million or 54 cents in the year-earlier quarter. Funds from operations,...
4May2011 | vitalstocks | 0 comments | Continued(SRDX) SurModics Analyst Increases Shares to Outperform
We are upgrading SurModics Inc. (SRDX) to Outperform from Neutral following its strong showing in the second quarter of fiscal 2011. Our target price on the stock is $18.00. The company delivered strong results in the second quarter of fiscal 2011 outshining the Zacks Consensus...
4May2011 | vitalstocks | 0 comments | Continued(AMX) America Movil Reports Earnings Below Analyst Estimate
America Movil (AMX), the largest telecom carrier in Latin America reported first quarter earnings per ADR of 97 cents, well below the Zacks Consensus Estimate of $1.05 but 15 cents or 18.3% above the year-ago quarter driven by strong wireless subscriber growth and Pay TV expansion...
4May2011 | vitalstocks | 0 comments | Continued(DVA) DaVita Beats Earnings Estimates on Revenues
DaVita Inc. (DVA) reported first-quarter net operating income of $94.5 million, or 96 cents per share, exceeding the Zacks Consensus Estimate by a penny. However, DaVita lagged the earnings of $109.4 million or $1.04 per share in the comparable quarter of 2010. This was attributable...
4May2011 | vitalstocks | 0 comments | Continued(WEC) Wisconsin Energy Beats Earnings Estimates
Energy utility, Wisconsin Energy Corporation (WEC) earned net operating earnings of 72 cents per share in the first quarter of 2011, significantly beating the Zacks Consensus Estimate of 66 cents and the year-ago quarter’s operating earnings of 55 cents. Wisconsin Energy...
4May2011 | vitalstocks | 0 comments | Continued(THRX) Theravance Reports Earnings In Line With Estimates
Theravance Inc.’s (THRX) first quarter 2011 loss per share of 28 cents was in line with the Zacks Consensus Estimate but narrower than the year-ago loss of 35 cents per share. Earnings improvement was driven by better top-line performance. Revenue at Theravance increased 10%...
4May2011 | vitalstocks | 0 comments | Continued