Archive for August, 2011
(WM) Waste Management Makes Acquistion
Waste Management Inc. (WM) recently announced the acquisition of Access Computer Products Inc., a leading provider of cell phone, ink and toner cartridge, and consumer electronics reverse logistics, remarketing, and recycling services, through its subsidiary WM Recycle America,...
5Aug2011 | vitalstocks | 0 comments | Continued(TSO) Tesoro Maintains Earnings Momentum
Independent refiner Tesoro Corporation (TSO) came out with impressive second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance. Earnings per share (excluding special items) came in at $1.65, comfortably surpassing...
5Aug2011 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Misses on Weather Woes
Second quarter operating earnings for Walter Energy Inc. (WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related challenges at both Alabama and Northeast...
5Aug2011 | vitalstocks | 0 comments | Continued(DTV) DIRECTV Continues Upward Movement
DIRECTV (DTV), the largest satellite TV operator of the U.S., declared excellent second quarter 2011 financial results before the opening bell today. The solid result was the combined effect of a double-digit revenue growth, significant margin expansion, and better-than-expected...
5Aug2011 | vitalstocks | 0 comments | Continued(TE) TECO Energy Reports Lackluster Numbers
Energy utility TECO Energy Inc. (TE) announced its second-quarter 2011 operating earnings of 36 cents per share, at par with the Zacks Consensus Estimate and a penny above the year-ago figure. GAAP and operating earnings remained the same with no one-time items at play. Total...
5Aug2011 | vitalstocks | 0 comments | Continued(BHP) Rio Tinto Sales Up – Misses Estimate
Rio Tinto plc. (RIO) has reported financial results for the first half of 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $7,587 million, up 30% year over year from $5,845 million reported in the first half of 2010. Earnings per ADR were $3.87,...
5Aug2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar to Expand in China
Caterpillar Inc. (CAT) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. The construction will commence in 2011, while the main facility construction is scheduled for mid-2012. The facility is being established to manufacture undercarriage...
5Aug2011 | vitalstocks | 0 comments | Continued(BOKF) BOK Financial’s Outlook Positive
The long-term Issuer Default Ratings (IDR) of BOK Financial Corp. (BOKF) and its lead bank subsidiary, BOKF, NA was affirmed by Fitch Ratings at ‘A-’. However, the rating outlook has been revised to Positive from Stable. The rating affirmation of BOK Financial can...
5Aug2011 | vitalstocks | 0 comments | Continued(RIG) Transocean Misses Earnings Forecast – Backlog Weak
Offshore drilling giant Transocean Ltd. (RIG) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss...
5Aug2011 | vitalstocks | 0 comments | ContinuedReassuring Jobs Report
Today’s better-than-expected jobs report is reassuring enough to help reverse the extreme negative sentiment that was behind the sharp market sell off on Thursday. What does it reassure us of? It shows that we are not heading in the direction of another recession. On the...
5Aug2011 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Company Reports Mixed Second Quarter
Cooper Tire & Rubber Company (CTB) delivered a net income of 18 cents per share from continuing operations in the second quarter of 2011, down significantly from 30 cents per share reported in the year-ago quarter. Reported net income was also substantially lower than the...
5Aug2011 | vitalstocks | 0 comments | Continued(EQR) Equity Residential Second Quarter Earnings Scorecard
Equity Residential (EQR) reported funds from operations (FFO) of $180.7 million in second quarter 2011 compared with $175.1 million in the year-ago quarter. FFO per share in the reported quarter remained flat year over year at 58 cents. Fund from operations, a widely used metric...
5Aug2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co – Bank of New York Mellon Likely to Suffer Rating Cut
Over the next 18 months, debt ratings of JPMorgan Chase & Co. (JPM) and Bank of New York Mellon Corporation (BK) might be lowered by Moody’s Investors Service, the rating arm of Moody’s Corp. (MCO). According to the rating agency, both these banks might receive...
5Aug2011 | vitalstocks | 0 comments | Continued(LNG) Important Natural Gas Investment You’re Ignoring
by Matthew Carr, Investment U Research Analyst Friday, July 15, 2011: Issue #1557 Stand at any metropolitan bus stop. Chances are, a city bus will rumble by advertising, “This Bus Runs on Clean Burning Natural Gas.” Hear that garbage truck squealing and grinding gears through...
5Aug2011 | InvestmentU | 0 comments | Continued(DD) U.S. Trade Deficit Soars in May
The Trade Deficit rose in May to $50.23 billion from $43.66 billion in April. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 15.0%; worse than the $44.0 billion consensus expectation. On a year over year basis,...
5Aug2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Up by a Unit
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of land rigs. The Baker...
5Aug2011 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners, L.P. Beats EPS – Misses Revenue
Pipeline operator Magellan Midstream Partners, L.P. (MMP) announced better-than-expected second quarter 2011 profits, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU)...
5Aug2011 | vitalstocks | 0 comments | Continued(CVS) CVS Caremark Beats Earnings by a Penny – Guidance Narrowed
CVS Caremark (CVS) reported second quarter 2011 EPS of 60 cents, at par with the year-ago quarter earnings. However, after excluding the impact of certain one-time items, adjusted earnings per share came in at 65 cents, surpassing the Zacks Consensus Estimate by a penny but meeting...
5Aug2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Profits on AirTran Merger
Before the opening bell, the low-cost carrier Southwest Airlines Co. (LUV) declared its second quarter 2011 adjusted earnings of 15 cents per share, which trailed the Zacks Consensus Estimate of 21 cents and year-ago earnings of 29 cents. The second quarter results include the...
5Aug2011 | vitalstocks | 0 comments | Continued(CHSI) Catalyst Health Solutions Performs Well
Catalyst Health Solutions Inc. (CHSI) reported second-quarter operating earnings of 53 cents per share, at par with the Zacks Consensus Estimate. The results compare favorably with earnings of 46 cents in the prior-year quarter. Catalyst Health’s operating earnings in the reported...
5Aug2011 | vitalstocks | 0 comments | Continued(AGN) Company News for August 5, 2011 – Corporate Summary
• NRG Energy (NYSE:NRG) posted Q2 EPS of $2.53, clearly beating the Zacks Consensus Estimate of $0.38 per share. Revenues for the quarter rose 6.8% year-over-year to $2.28 billion, which came in lower than the Zacks Consensus Estimate of $2.7 billion • Shares...
5Aug2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 5, 2011 – Market News
The specter of another recession haunted investors and dealt a body blow to the markets which crashed to their worst day since the economic crisis of 2008. On Wednesday, just when the Dow looked like ending its longest losing streak of nine days since Jimmy Carter held office,...
5Aug2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Exceeds Estimates in Second Quarter Earnings Report
Xerox Corporation (XRX) reported a net income of $319 million or 22 cents per share in the second quarter of 2011 compared with $227 million or 16 cents per share in the year-ago quarter. Reported earnings in the quarter included charges of $54 million or 4 cents per share related...
4Aug2011 | vitalstocks | 0 comments | Continued(TCB) TCF Financial 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...
4Aug2011 | vitalstocks | 0 comments | Continued(PLXS) Plexus Beats The Street – Lowers Outlook
Plexus Corp.(PLXS) reported third quarter 2011 diluted earnings per share of 58 cents, surpassing the Zacks Consensus Estimate of 54 cents and topped management’s guidance range of 52 cents to 57 cents. Favorable customer mix and foreign currency exchange benefits were the...
4Aug2011 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley’s Loss Less Than Expected
Morgan Stanley’s (MS) second-quarter 2011 loss from continuing operations came in at 38 cents per share, substantially better than the Zacks Consensus Estimate of a loss of 63 cents. This represents Morgan Stanley’s first quarterly loss after seven consecutive quarters of...
4Aug2011 | vitalstocks | 0 comments | Continued(ESRX) Express Scripts Revenue Rises – Earnings Report In Line
Express Scripts Inc.’s (ESRX) second quarter 2011 earnings of 71 cents per share (excluding special items) were in line with the Zacks Consensus Estimate but were well above the year-ago adjusted earnings of 60 cents per share. The jump in earnings is attributable to reduced...
4Aug2011 | vitalstocks | 0 comments | Continued(ECL) Ecolab Announces $8 Billion Acquisition of Nalco Holding Company
In a major move, leading cleaning and sanitation products company Ecolab Inc (ECL) has agreed to acquire Illinois-based water treatment company Nalco Holding Company (NLC) in a cash and stock deal worth roughly $8 billion. The deal, which is expected to close in the fourth quarter,...
4Aug2011 | vitalstocks | 0 comments | Continued(MHS) Express Scripts to Buy Medco Health Solutions
Following the release of its second quarter of fiscal 2011 earnings, Medco Health Solutions (MHS) announced that it will be acquired by Express Scripts (ESRX) for $29.1 billion in cash and stock. As per the terms of the agreement, each shareholder of Medco will receive $28.80...
4Aug2011 | vitalstocks | 0 comments | Continued(UAL) United Continental Holdings Beats Expectations on High Fares
The largest U.S. airline United Continental Holdings Inc. (UAL) has reported second quarter adjusted earnings of $1.49 per share, outpacing the Zacks Consensus Estimate by 7 cents. Despite higher fuel prices and capacity cuts, earnings were aided by increased fares. Adjusted...
4Aug2011 | vitalstocks | 0 comments | Continued