Archive for August, 2011
(UTX) United Technologies Rated BUY – Valuengine.com
United Technologies Corporation (UTX) provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating,...
3Aug2011 | valuengine | 0 comments | Continued(HON) Honeywell International Completes Consumer Products Group Sale
Honeywell International Inc. (HON) has completed the divesture of Consumer Products Group (CPG) business with the closure of the sale of business to a privately held New Zealand based company, Rank Group Limited, for approximately $950 million in cash. The CPG business produces...
3Aug2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Acquires Omnium
Last Friday, Northern Trust Corporation (NTRS) completed the acquisition of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust’s capabilities and create...
3Aug2011 | vitalstocks | 0 comments | Continued(SOHU) Sohu Beats Estimate – Sales Soar
A leading online brand and Internet portal in China, Sohu.com Inc. (SOHU) reported strong second quarter 2011 results, driven by robust revenue growth, partially offset by higher expenses. Earnings per share (EPS) of $1.10 (including stock-based compensation) increased 34.1%...
3Aug2011 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Quarterly Earnings Lag – Company Pares Loss
Cell Therapeutics (CTIC) suffered a net loss of 14 cents per share in the second quarter of 2011, compared with a net loss of 46 cents (excluding special items) per share in the year-ago quarter. The narrower loss per share in the reported quarter was due to lower operating expenses...
3Aug2011 | vitalstocks | 0 comments | Continued(TEN) Tenneco Quarterly Earnings Exceed Estimates
Tenneco Inc. (TEN) showed a profit of $50 million or 81 cents per share (before special items) during the second quarter of the year versus $38 million or 62 cents per share (before special items) in the same quarter of previous year. The profit exceeded the Zacks Consensus Estimate...
3Aug2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Second Quarter Earning Preview
The leading low cost carrier, Southwest Airlines Co. (LUV) is slated to release its second quarter earnings on August 4 before market opens. The current Zacks Consensus Estimate for the second quarter is pegged at 21 cents, representing a decline of 29.02% from the year-ago level. With...
3Aug2011 | vitalstocks | 0 comments | Continued(QSII) Quality Systems Earnings Beat Expectations on Record Revenues
Quality Systems (QSII) reported first-quarter fiscal 2012 (ended June 30) earnings per share of 65 cents, beating the Zacks Consensus Estimates of 62 cents and surpassing the corresponding year-ago earnings of 42 cents. Net income jumped 57% year over year to $19 million in the...
3Aug2011 | vitalstocks | 0 comments | Continued(AAPL) Apple iPhone Leads Smartphone Market According to Research Firm Strategy Analytics
Apple Inc. (AAPL) added another feather to its success story as it outsold Nokia Corp (NOK) and Samsung to become the largest smartphone maker in the second quarter of 2011 in terms of global shipments of smartphones. Research firm Strategy Analytics confirmed Apple’s iPhones...
3Aug2011 | vitalstocks | 0 comments | Continued(VPHM) ViroPharma Quarterly Earnings Report Misses Due to Higher Expenses
ViroPharma Inc. (VPHM) posted second quarter fiscal 2011 earnings of 36 cents per share, missing the Zacks Consensus Estimate by 3 cents and the year-ago figure by a penny. Despite higher revenues, earnings bore the brunt of increased operating expenses. Revenues Higher sales...
3Aug2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for August 3, 2011 – Market News
Incremental concerns about the economy outweighed news of the Senate approving the debt deal, as stocks plunged and posted their longest losing streak in almost three years. Additionally, the S&P 500 hit its lowest point for the year and entered the negative zone. The Dow...
3Aug2011 | vitalstocks | 0 comments | Continued(BGC) Company News for August 3, 2011 – Corporate Summary
• Westlake Chemical Corporation (NYSE:WLK) posted Q2 EPS of $1.21, beating analysts’ estimates of $1.19 per share. Revenues rose 13% year-over-year to $925.0 million • Engineering company Foster Wheeler AG’s (NASDAQ:FWLT) shares rose 2.12% to close at $27.02...
3Aug2011 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Reports Blockbuster Second Quarter
Yesterday, after the closing bells, j2 Global Communications Inc. (JCOM) reported excellent financial results for the second quarter of 2011. In the reported quarter, the company achieved record high revenues, EPS and free cash flow. Operating margin also climbed to a near record...
3Aug2011 | vitalstocks | 0 comments | Continued(ACAS) American Capital Reports Quarterly Earnings In Line
American Capital Ltd.’s (ACAS) second-quarter 2011 operating income of 20 cents per share was in line with the Zacks Consensus Estimate. However, results outpaced the prior-year quarter’s earnings of 9 cents per share. The favorable outcome was due to a drop in operating...
3Aug2011 | vitalstocks | 0 comments | Continued(HRS) Harris Outperforms in 2011 Fourth Quarter
Harris Corp. (HRS) declared its fourth quarter 2011 financial results yesterday, after the closing bell. Quarterly adjusted (excluding special charges) earnings per share (EPS) of $1.24 surpassed the Zacks Consensus Estimate by a penny. In after-market trade on NYSE, Harris’...
3Aug2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Quarterly Earnings Report Meets Consensus
Goldcorp Inc.’s (GG) reported net earnings were $489 million in the second quarter of 2011 compared with $524 million in the second quarter of 2010. Adjusted net earnings were $420 million, or 52 cents per share compared with $199 million or 27 cents per share in the year-ago...
3Aug2011 | vitalstocks | 0 comments | Continued(ACOR) Company News for August 2, 2011 – Corporate Summary
• Allstate Corporation (NYSE:ALL) reported Q2 loss of $1.23, lower than the Zacks Consensus Estimate of $1.53 per share. Revenues for the quarter increased by 5% year-over-year to $8.08 billion, exceeding the Zacks Consensus Estimate of $6.91 billion• Auxilium...
2Aug2011 | vitalstocks | 0 comments | Continued(ACI) Coal Industry Stock Review – August 2011 – Industry Outlook
The rebound phase for the coal industry from the 2008-2009 turmoil continued in 2011. The global economic outlook started improving following the turmoil of late 2008. The U.S. economy came out of the recession in the summer of 2009 and has been in a recovery mode since then,...
2Aug2011 | vitalstocks | 0 comments | Continued(ABT) Stock Market News for August 2, 2011 – Market News
The benchmarks’ roller-coaster ride finally came to a stop with markets losing modest points, as manufacturing data spoiled the party after Obama and congressional leaders confirmed they had reached an agreement on the debt ceiling. Investor mood swayed from positive to cautious...
2Aug2011 | vitalstocks | 0 comments | Continued(COP) Stock Market News for August 1, 2011 – Market News
Benchmarks took a battering to register their worst weekly performance in a year as the stalemate over the debt-ceiling crisis pushed the US closer to losing its ‘AAA’ rating. Investor sentiment was dragged even lower as data revealed economic growth in the first half of...
1Aug2011 | vitalstocks | 0 comments | Continued(VRTX) Vertex Pharmaceuticals Loss Reduced by Incivek
Vertex Pharmaceuticals Inc. (VRTX) posted second quarter 2011 loss (including stock-based compensation expense) of 82 cents per share, narrower than the Zacks Consensus Estimate of 93 cents and the year-ago loss of 83 cents. Increased revenues from the sale of hepatitis C virus...
1Aug2011 | vitalstocks | 0 comments | Continued(AMGN) Company News for August 1, 2011 – Corporate Summary
• Chevron Corp. (NYSE:CVX) reported a jump in its second-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.89, beating the Zacks Consensus Estimate...
1Aug2011 | vitalstocks | 0 comments | Continued