Archive for August, 2011
(MGM) MGM Resorts International Narrows Loss
MGM Resorts International (MGM) reported second quarter 2011 adjusted loss of 8 cents per share narrower than the Zacks Consensus Estimate of a loss of 13 cents per share. The better-than-expected result was attributable to the expansion of the company’s controlling stake from...
9Aug2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Third Quarter 2011 Earnings Scorecard
Qualcomm Inc.(QCOM) reported excellent third quarter 2011 financial results, where both the earnings per share (EPS) and revenues exceeded the Zacks Consensus Estimate. The robust result was primarily attributable to the significant surge in demand for high-end 3G smartphones...
9Aug2011 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Second Quarter 2011 Earnings Scorecard
Duke Realty Corp (DRE) reported second quarter 2011 FFO (fund from operations) of $75.7 million or 29 cents per share, up from $40.7 million or 17 cents per share delivered in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs,...
9Aug2011 | vitalstocks | 0 comments | Continued(SUP) Superior Industries Posts Strong Second Quarter Earnings
Superior Industries International Inc. (SUP) reported anet income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter. Earnings per share comprehensively beat the Zacks Consensus Estimate...
9Aug2011 | vitalstocks | 0 comments | Continued(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook
On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is impressed by Regions’ improved loan performance. The revision to Stable...
9Aug2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for August 9, 2011 – Market News
Standard & Poor’s downgraded the US credit rating by a notch, delivering a crushing blow to benchmarks on Monday. Tension from the other side of the Atlantic also dampened sentiment as Europe was gripped by debt woes. Investors also struggled to find a clear answer about...
9Aug2011 | vitalstocks | 0 comments | Continued(AGII) Company News for August 9, 2011 – Corporate Summary
• Share prices of America’s biggest bank, Bank of America Corp. (NYSE:BAC) fell 20.32% after a report in the New York Times said that American International Group, Inc. (NYSE:AIG) has filed a suit against the bank to recover more than $10 billion in losses due to...
9Aug2011 | vitalstocks | 0 comments | Continued(SYK) Stryker Meets The Strret But Costs Hurt
Orthopedic devices major Stryker Corporation (SYK) posted second-quarter fiscal 2011 adjusted earnings per share of 90 cents, meeting the Zacks Consensus Estimate while transcending the year-agoearnings of 80 cents. Adjusted net income jumped 10.4% year over year to $352 million....
8Aug2011 | vitalstocks | 0 comments | Continued(T) AT&T Beats Quarterly Estimates – Subscribers Grow
AT&T Inc. (T) announced second quarter 2011 adjusted earnings per share of 60 cents, a penny ahead of the Zacks Consensus Estimate and flat with year-ago earnings. Healthy mobile broadband growth, strong smartphone sales and sequentially stable wireline revenues led to the...
8Aug2011 | vitalstocks | 0 comments | Continued(TCB) TCF Financial Earnings Report Lags Estimates
TCF Financial Corporation’s (TCB) second-quarter 2011 earnings came in at 19 cents per share, lagging the Zacks Consensus Estimate by 2 cents. Moreover, this compares unfavorably with the earnings of 20 cents in the prior quarter and 32 cents in the prior-year quarter. Decreased...
8Aug2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Beats Expectations – Hires New CEO
The largest U.S. mobile service provider Verizon Communications (VZ) declared its second quarter earnings results before the opening bell today. Adjusted earnings of 57 cents per share were two cents ahead of the Zacks Consensus Estimate and above the year-ago earnings of 51...
8Aug2011 | vitalstocks | 0 comments | Continued(NFC) NXP Semiconductor Will Have to Wait for Near-Field Communication Technology
by Justin Dove, Investment U Research Friday, August 5, 2011 Marc Lichtenfeld discussed Google Wallet and its implications for NXP Semiconductor (Nasdaq: NXPI) back in June. He noted the stock chart looked bad and that a break below $24 would signal a bearish double-top pattern. Well,...
8Aug2011 | InvestmentU | 0 comments | Continued(GMCR) Take the Long-Term View and You’ll Make More Money
by David Fessler, Investment U Senior Analyst Friday, August 5, 2011: Issue #1572 If someone were to ask you, “Are you a trader or an investor?”… how would you answer? Professional day traders aside, traders rarely make money “trading” stocks. Investors, on the other...
8Aug2011 | InvestmentU | 0 comments | Continued(AIG) American International Group Misses Expectations – Rebound to Come
American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to...
8Aug2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Misses Forecast
Pipeline operator Energy Transfer Partners L.P. (ETP) announced disappointing second quarter 2011 results, hurt by lower natural gas volumes and higher operating expenses. The owner of the biggest intrastate pipeline system in Texas reported earnings per unit of 19 cents, which...
8Aug2011 | vitalstocks | 0 comments | Continued(MON) Monsanto Has Brazil and China on Growth List
Agri Business giant, Monsanto Company (MON) laid out new five-year strategic plan with an outlook for strong international revenue growth, targeting Brazil and China. Brazilian government regulation, public and private investment in agriculture as well as farming population drives...
8Aug2011 | vitalstocks | 0 comments | Continued(VRX) Valeant Pharmaceuticals International Beats Expectations – Ups View
Valeant Pharmaceuticals International’s (VRX) second quarter 2011 earnings of 68 cents per share (excluding special items but including stock based compensation expense) beat the Zacks Consensus Estimate by 3 cents and the year-ago earnings by 8 cents per share. Bottom-line...
8Aug2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Impresses Owners – Increases Divided
Illinois Tool Works Inc.’s (ITW) board of directors approved a 6.0% hike in the company’s quarterly dividend rate. The revised quarterly rate now stands at 36 cents per common share compared with 34 cents previously, resulting in an annual rate of $1.44 per common share....
8Aug2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Partners with Infor
International Business Machines Corp. (IBM) in partnership with Infor, a provider of business software and services, has developed a second set of integrated hardware and software solutions that would likely improve profitability and responsiveness for manufacturers. The new...
8Aug2011 | vitalstocks | 0 comments | Continued(CAT) Stock Market News for August 8, 2011 – Market News
The Dow Jones Industrial Average see-sawed between positive and negative territory, while the markets finished mixed on Friday amid global economic concerns. Encouraging economic reports helped the markets prevent another heavy slide on the closing day of the week, but they were...
8Aug2011 | vitalstocks | 0 comments | Continued(AIG) Company News for August 8, 2011 – Corporate Summary
• LinkedIn Corporation Class A Co (NYSE:LNKD) said it had earned profits for the second quarter in its first earnings report after it became a publicly traded company. The company reported adjusted earnings per share of $0.10 on sales of $121 million for the second quarter,...
8Aug2011 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Reports Excellent Second Quarter
U.S. railroad giant Union Pacific Corp. (UNP) reported second quarter net income at a record-high of $785 million or $1.59 per share, compared with $711 million or $1.40 in the year-ago quarter. EPS also beat the Zacks Consensus Estimate by a penny. Total operating revenue was...
7Aug2011 | vitalstocks | 0 comments | Continued(CFS) Aetna Announces Acquisition of PayFlex
In an attempt to solidify its Consumer Fund Services (CFS) business, Aetna Inc. (AET) has entered into an agreement to acquire Omaha, NE-based Payflex Holdings Inc. in a $202 million deal. The acquisition, which will see light in the second half of the year, will not be accretive...
7Aug2011 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons Company Gets Print Management Contract
R.R. Donnelley & Sons Company (RRD) won a multi-year print management contract from Herbalife, a nutrition and weight management company. According to the contract, the company would produce and manage Herbalife’s wide range of products, including catalogs, magazines, commercial...
7Aug2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Unveils Battlefield 3 Editions
Video game developer and publisher, Electronic Arts (ERTS) better known as EA, announced the launch of two editions of its highly anticipated Battlefield 3 and some unique pre-order items at participating retailers in North America. Battlefield 3, which has been developed by...
7Aug2011 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide – The Resort Under One Roof
Wyndham Worldwide Corporation (WYN) has recently acquired substantially all the assets of The Resort Company LLC (“TRC”), an established vacation rental and property management company plus owner of Steamboat Resorts. The financial terms of the deal were not disclosed. TRC...
7Aug2011 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon to Charge for Deposits
On Thursday, The Bank of New York Mellon Corporation (BK) announced to charge fee on cash deposits of institutional investors following the surge in deposit balance with the banks. Investors having accounts with average deposit of over $50 million in the bank would come under...
7Aug2011 | vitalstocks | 0 comments | Continued(NYT) The New York Times Beats Expectations but Profit Dips
The New York Times Company (NYT) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 14 cents a share beat the Zacks Consensus Estimate of 10 cents, but dropped 22.2% from 18 cents earned in the prior-year quarter. The Zacks Consensus Estimate...
7Aug2011 | vitalstocks | 0 comments | Continued(DNR) Denbury Resources Posts an Impressive Second Quarter
Denbury Resources Inc. (DNR) has reported second-quarter 2011 earnings of 37 cents per share (excluding one-time items), beating our expectation of 33 cents. The quarterly result was also well above the year-earlier adjusted earnings of 18 cents, attributable to overall higher...
5Aug2011 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Beats Expectations – Increases Guidance
Natural Resource Partners L.P. (NRP) announced its second-quarter 2010 operating earnings of 48 cents per unit, surpassing the Zacks Consensus Estimate by 4 cents. The results of the partnership were a dime ahead of the year-ago figure. Revenue Total revenue at Natural Resource...
5Aug2011 | vitalstocks | 0 comments | Continued