Archive for October, 2011
(CINF) Cincinnati Financial Reports Quarterly Earnings in Line
Cincinnati Financial Corp. (CINF) has reported third quarter 2011 operating earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but down 62% year over year. Year-over-year earnings declined due to high catastrophe incidence during the quarter. Revenue for...
31Oct2011 | vitalstocks | 0 comments | Continued(EW) Edwards Lifesciences 2011 Fourth Quarter Earnings Scorecard
The announcement of Edwards Lifesciences’ (EW) third quarter fiscal 2011 results as on October 19, 2011, has led analysts to revise their estimates lower for the fourth quarter and fiscal 2011. Third Quarter Highlights Edwards reported an adjusted EPS of 38 cents in the third...
31Oct2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals – Bull of the Day
Watson Pharmaceuticals, Inc. (WPI) posted second-quarter 2011 earnings of $1.01 per share, beating the Zacks Consensus Estimate by a penny and the year-ago earnings by $0.18 per share. Earnings were boosted by strong revenues, which jumped 24% to $1.08 billion, mainly driven...
31Oct2011 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group Plc – ADS – Bear of the Day
We are downgrading our recommendation on Vodafone Group Plc (VOD) to Underperform, primarily due to the complexity in Indian operations and tough conditions across Southern European markets. Fiscal 2011 earnings missed the Zacks Consensus Estimate but improved year over year...
31Oct2011 | vitalstocks | 0 comments | Continued(DAL) Delta Soars in Third Quarter
Delta Air Lines (DAL), the second largest U.S. airline, has reported third quarter adjusted earnings per share (EPS) of 91 cents that matched the Zacks Consensus Estimate. On a GAAP basis, earnings shot up 51% to 65 cents from 43 cents in the year-ago quarter. Despite the surging...
31Oct2011 | vitalstocks | 0 comments | Continued(RDY) Dr. Reddy’s Laboratories Continues to Grow
Dr. Reddy’s Laboratories (RDY) reported second quarter fiscal 2012 earnings per American Depositary Share (ADS) of 40 cents, significantly above the year-ago earnings of 30 cents per ADS. Higher revenues helped boost earnings. Quarter at a Glance The company reported revenues...
28Oct2011 | vitalstocks | 0 comments | Continued(RRC) Range Resources Beats Estimates – Raises Guidance
Range Resources Corp. (RRC) has reported stellar third-quarter 2011 results, buoyed by higher production level and realized prices along with lower unit costs. The company posted adjusted earnings of 28 cents a share, beating the Zacks Consensus Estimate of 24 cents. Results...
28Oct2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Reports Mixed Third Quarter Earnings
Defense and aerospace operator General Dynamics Corporation (GD) announced third-quarter 2011 operating earnings of $1.83 per share, which surpassed the Zacks Consensus Estimate of $1.77. The results of the company were 13 cents ahead of the year-ago figure of $1.70 per share. Total...
28Oct2011 | vitalstocks | 0 comments | Continued(JPM) CEOs Are Gloomy – So Buy Their Stocks
by Marc Lichtenfeld, Investment U Senior Analyst Thursday, October 27, 2011 Last week, The Business Council released results from a survey of CEOs. The big cheeses revealed that they’re the most pessimistic they’ve been in two and a half years. Almost 60 percent of the respondents...
28Oct2011 | InvestmentU | 0 comments | Continued(PLXS) Plexus Reports Mixed Fourth Quarter Earnings
Plexus Corp. (PLXS) reported fourth quarter 2011 diluted earnings per share (EPS) of 52 cents, surpassing the Zacks Consensus Estimate of 50 cents and was in line with the higher end of management’s guidance range of 50 cents to 52 cents. However, EPS decreased 20.0% year over...
28Oct2011 | vitalstocks | 0 comments | Continued(AEP) Company News for October 27, 2011 – Corporate Summary
• American Electric Power Co., Inc.’s (NYSE:AEP) third quarter 2011 adjusted EPS of $1.17 came in ahead of the Zacks Consensus Estimate of $1.14 • General Dynamics Corp. (NYSE:GD) posted third-quarter 2011 operating earnings of $1.83 per share, beating the Zacks...
28Oct2011 | vitalstocks | 0 comments | ContinuedU.S. September 2011 New Home Sales Top Expectations
New Home Sales rose by 5.7% in September from August, to a rate of 313,000. Relative to a year ago, sales are down 0.9%. While the monthly increase is more than welcome, it is still a very dismal rate of new home sales. There was a slight upward revision to the July numbers of...
28Oct2011 | vitalstocks | 0 comments | Continued(SLTM) Solta Medical Reports LipoSonix Approval
Aesthetic laser treatments provider Solta Medical (SLTM) reported that Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation (MRX), has won the U.S. approval for the second-generation LIPOSONIX system for non-invasive...
27Oct2011 | vitalstocks | 0 comments | Continued(AKAM) Akamai Technologies Misses Earnings Expectations – Margins Lag
Akamai Technologies, Inc. (AKAM) reported earnings of 25 cents per share in the third quarter of 2011, which missed the Zacks Consensus Estimate by a penny. However, earnings per share (EPS) increased 8.7% from the 23 cents per share reported in the year-ago quarter. Reported...
27Oct2011 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceuticals – Bull of the Day
Alexion Pharmaceuticals’ (ALXN) third quarter 2011 adjusted earnings of $0.32 per share breezed past the Zacks Consensus Estimate by $0.09 and the year-ago adjusted earnings by $0.11. Results were driven by increased revenues thanks to a strong performance by Soliris, Alexion’s...
27Oct2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Acquires Micro Application Packages Limited
Autodesk Inc. (ADSK) has agreed to acquire Micro Application Packages Ltd. (MAP Software), provider of computer-aided design (CAD), computer-aided manufacturing (CAM) and estimating software that lends support to the mechanical, electrical and plumbing (MEP) industry. Terms and...
27Oct2011 | vitalstocks | 0 comments | Continued(HSP) Hospira Incorporated – Bear of the Day
Hospira Inc.’s (HSP) third quarter preliminary results were below expectations due to continued manufacturing problems at the company’s Rocky Mountain facility. The facility is expected to continue functioning below full capacity through the remainder of 2011. The...
27Oct2011 | vitalstocks | 0 comments | Continued(ADS) Company News for October 26, 2011 – Corporate Summary
• Amazon.com Inc. (NASDAQ:AMZN) posted earnings per share of $0.14, significantly below the Zacks Consensus Estimate of $0.24 per share • Xerox Corp. (NYSE:XRX) reported third quarter earnings per share of $0.26, better than the Zacks Consensus Estimate of $0.25 • ...
26Oct2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 26, 2011 – Market News
The benchmarks’ three-day rally hit a roadblock as the lack of conviction among investors about European leaders finding a solution to the region’s debt crisis on Wednesday’s summit and disappointing domestic corporate earnings weighed down the markets. Markets reversed...
26Oct2011 | vitalstocks | 0 comments | Continued(ESRX) Express Scripts Quarterly Report Beats by a Penny
Express Scripts Inc.’s (ESRX) third quarter 2011 earnings of 79 cents per share (excluding special items) were a penny above the Zacks Consensus Estimate and 22% above the year-ago adjusted earnings of 65 cents per share. The jump in earnings is attributable to lower selling,...
26Oct2011 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Beats The Street – Volume Falls
ConocoPhillips (COP) reported third-quarter 2011 adjusted earnings of $2.52 per share, comfortably beating the Zacks Consensus Estimate of $2.16. The earnings were also better than the year-earlier profit of $1.50. The outperformance was mainly on the back of higher price realizations...
26Oct2011 | vitalstocks | 0 comments | Continued(BXP) Boston Properties Beats Earnings Estimates
Boston Properties Inc. (BXP), one of the leading real estate investment trusts (REITs), reported third quarter 2011 FFO (funds from operations) of $190.3 million or $1.28 per share, compared with $150.8 million or $1.07 per share in the year-earlier quarter. Fund from operations,...
26Oct2011 | vitalstocks | 0 comments | Continued(AMZN) All Eyes Are on Europe and U.S. Market Earnings
All eyes are on Europe today, where leaders are expected to announce the much-delayed plan to tackle the common currency’s problems. And while we wait for news out of Europe, the positive tone of this morning’s earnings reports from a number of key companies and...
26Oct2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Banks Beats Earnings on Lower Loss Provision
SunTrust Banks Inc.’s (STI) third quarter earnings came in at 39 cents per share, 4 cents ahead of the Zacks Consensus Estimate. This represents SunTrust’s fifth straight quarter of profit after incurring significant losses since mid-2008. This was also substantially better...
26Oct2011 | vitalstocks | 0 comments | Continued(F) Ford Motor May Reinstate Dividend
Ford Motor Co. (F) is considering reinstating dividend payments for its shareholders as the company expects to benefit from labor efficiency improvements resulting from the newly ratified 4-year contract with United Auto Workers (UAW). The automaker revealed that the UAW contract...
26Oct2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Beats Estimates (revised)
Honeywell International Inc.’s (HON) reported third-quarter 2011 earnings results, reporting earnings per share from continuing operations of $1.10, beating the Zacks Consensus Estimate of 99 cents. Total Revenue Total revenue was $9.3 billion, an increase of 14% y/y. Organically,...
26Oct2011 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Third Quarter 2011 Earnings Preview
Texas Instruments Inc. (TXN) is scheduled to announce its third quarter fiscal 2011 results on October 24, 2011, and we notice downward movements in analyst estimates. Second Quarter Overview Texas Instruments delivered a decent second quarter, with pro forma earnings per share...
26Oct2011 | vitalstocks | 0 comments | Continued(PLCM) Polycom Disappoints – Shares Tumble (revised)
Yesterday, after market close, Polycom Inc. (PLCM) declared highly disappointing financial results for the third quarter of 2011. Soaring operating expenses and a fall in revenue from large enterprises are the primary reasons for this poor performance. We remain concerned regarding...
26Oct2011 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Broken or a Buy?
Are the casinos with Macau operations at the top of their game, with no where to go but down? That’s a question gaming investors are asking after the reaction to Wynn Resorts (WYNN) earnings miss last week where the stock took a $20 (15%) dive. Despite posting net revenues...
26Oct2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Earnings Preview
Illinois Tool Works Inc.(ITW) is slated to release its third quarter 2011 results on Tuesday, October 25. The current Zacks Consensus Estimate for earnings per share (EPS) is 98 cents, representing an annualized growth of 17.61%. With respect to earnings surprises, over the trailing...
26Oct2011 | vitalstocks | 0 comments | Continued