Archive for November, 2011
(KFT) Kraft Foods Earnings Beat – Raises Outlook
Kraft Foods Inc. (KFT) posted third quarter 2011 operating EPS of 58 cents per share, surpassing the Zacks Consensus Estimate of 56 cents by 3.6%. It also went up 23.4% from 47 cents reported in the prior-year quarter. Management credited the benefits of increased investments...
6Nov2011 | vitalstocks | 0 comments | Continued(MUR) Murphy Oil Beats Expectations
Murphy Oil Corporation (MUR) engaging in the exploration, production, refining and marketing of oil and gas in the U.S. and the U.K announced third-quarter 2011 income from continuing operations of $1.73 per share, surpassing the Zacks Consensus Estimate of $1.17. Results shot...
6Nov2011 | vitalstocks | 0 comments | Continued(GB) Greatbatch Analyst Raises Shares to Outperform
We upgrade our recommendation on Greatbatch (GB) to Outperform following its impressive third-quarter 2011 results. Adjusted earnings of 41 cents for the quarter outstripped the Zacks Consensus Estimate of 34 cents. Profit surged 17% year over year. Sales rose 3% year over year...
6Nov2011 | vitalstocks | 0 comments | Continued(STRA) Strayer Education Beats The Street – Enrollment Falls
Strayer Education, Inc. (STRA), a for-profit education company, recently posted third-quarter 2011 results. The quarterly earnings of $1.20 per share beat the Zacks Consensus Estimate of $1.06 but plunged 30% from $1.72 in the year-ago quarter. Total revenue for the quarter dropped...
6Nov2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Loss Soars on Weak Dynamics
American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the year-ago quarter. Consequently, operating loss of $3.0 billion increased...
6Nov2011 | vitalstocks | 0 comments | Continued(KO) Coca Cola Standard & Poor’s Ratings Services Ratings Outlook
The rating agency, Standard & Poor’s Ratings Services (“S&P”) has upgraded its ratings outlook on The Coca Cola Company (KO) on the back of the company’s strong operations and credit quality. Despite the prevailing market turmoil, S&P has revised Coca...
6Nov2011 | vitalstocks | 0 comments | Continued(CVS) CVS Caremark Posts a Strong Quarter
CVS Caremark (CVS) reported third quarter 2011 EPS of 65 cents, 8.3% up year over year. However, after excluding the impact of certain one-time items, adjusted EPS came in at 70 cents, surpassing the Zacks Consensus Estimate of 67 cents and 9.3% higher than the year-ago quarter...
6Nov2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo & Company Acquires $3.3 Billion Loan Portfolio
Yesterday, Wells Fargo & Company (WFC) announced the acquisition of a loan portfolio with a face value of $3.3 billion from Irish Bank Resolution Corporation (IBRC), previously known as Anglo Irish Bank. The portfolio comprised 61 performing U.S.-based commercial real estate...
6Nov2011 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Loss Narrows
Dendreon Corporation (DNDN) reported third-quarter 2011 loss (including stock-based compensation expense but excluding other special items) of 67 cents per share, which was narrower than the Zacks Consensus Estimate of 70 cents due to a slightly better-than-expected performance...
6Nov2011 | vitalstocks | 0 comments | Continued(CHT) Chunghwa Telecom Soars in 2011 Third Quarter
Chunghwa Telecom Co. Ltd. (CHT) declared solid financial results for the third quarter of 2011. Quarterly total revenue was approximately $1,900 million, up 9.5% year over year. This improved performance was the combined result of increasing smartphone sales with continuously...
6Nov2011 | vitalstocks | 0 comments | Continued(WRB) W. R. Berkley Enhances Shareholder Value
On November 3, 2011, property and casualty insurer W. R. Berkley Corp. (WRB) announced that its Board has increased its share repurchase authorization to 10 million shares, which translates into approximately 7% of the company’s 144.5 million outstanding shares as of September...
6Nov2011 | vitalstocks | 0 comments | Continued(CVS) Greek Turmoil Dominates Headlines
We have a slew of economic and earnings reports on the docket today, but the Greek turmoil will likely continue to dominate the headlines. On the economic front, we got better-than-expected weekly Jobless Claims numbers, raising hopes for a favorable showing from Friday’s...
6Nov2011 | vitalstocks | 0 comments | Continued(QSII) Quality Systems Beats Estimates
Quality Systems (QSII) recently reported second-quarter fiscal 2012 (ended September 30) earnings per share of 35 cents, sailing past the Zacks Consensus Estimate of 33 cents (adjusted for the 2:1 stock split). Net income rose sharply 52.6% year over year to $20.5 million in...
4Nov2011 | vitalstocks | 0 comments | Continued(QLGC) QLogic Beats Second Quarter Estimates
A leading supplier of high performance network infrastructure solutions, QLogic Corporation (QLGC) reported strong second quarter 2012 earnings, which beat the Zacks Consensus Estimate by 2 cents. However, earnings per share of 28 cents (excluding one-time charges, but including...
4Nov2011 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor Corporation Beats The Street – Lifts Outlook
Deckers Outdoor Corporation (DECK) recently delivered better-than-expected third-quarter 2011 results on the heels of healthy demand for the product lines under the UGG and Teva brands, and the recent acquisition of the Sanuk brand. Consequently, the company lifted its full year...
4Nov2011 | vitalstocks | 0 comments | Continued(OMCL) Omnicell Beats Estimates
Omnicell Inc. (OMCL) reported EPS of 9 cents during the second quarter of fiscal 2011, beating both the Zacks Consensus Estimate of 8 cents and the year-ago quarter EPS of 4 cents. Reported earnings shot up 125% on a year-over-year basis primarily due to the reduction in effective...
4Nov2011 | vitalstocks | 0 comments | Continued(GOOG) Motorola Mobility’s Woes Continue
Motorola Mobility (MMI) reported somber financial results for the third quarter of 2011. Following the earnings release, stock price of Motorola Mobility went down by 7 cents (0.18%) to $38.95. Quarterly GAAP net loss was $32 million or 11 cents per share compared with $34 million...
4Nov2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Quarterly Earnings Exceed Consensus
Goldcorp Inc.’s (GG) adjusted net earnings were $459 million, or 57 cents per share compared with $244 million or 33 cents per share in the year-ago quarter. Results exceeded the Zacks Consensus Estimate of 56 cents per share. Reported net earnings were $336 million in the...
4Nov2011 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Corporation Outpaces Expectation
Occidental Petroleum Corporation’s (OXY) third quarter 2011 operating earnings jumped 47.3% to $2.18 per share from $1.48 per share in the year-ago quarter. Earnings beat our expectation for the quarter by a penny. GAAP net earnings during the quarter were $2.17 per share versus...
4Nov2011 | vitalstocks | 0 comments | Continued(UAL) United Continental Holdings Profit Falls as Costs Rise
The largest U.S. airline United Continental Holdings Inc. (UAL) has reported third quarter adjusted earnings of $2.00 per share, missing the Zacks Consensus Estimate of $2.06. Rising fuel prices and merger related expenses were responsible for the lower-than-expected earnings. Adjusted...
4Nov2011 | vitalstocks | 0 comments | Continued(ALGN) Align Technology Beats The Street – Margins Lag
Align Technology (ALGN) reported third quarter 2011 adjusted EPS of 27 cents, beating the Zacks Consensus Estimate of 20 cents as well as the year-ago quarter adjusted EPS by 2 cents. Reported EPS was also ahead of the company’s guidance range of 17-20 cents. Total revenue...
4Nov2011 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic’s Third Quarter Mixed – View Lowered
Orthotic and prosthetic (O&P) company Hanger Orthopedic’s (HGR) third-quarter fiscal 2011 adjusted earnings of 46 cents a share beat the Zacks Consensus Estimate by a penny and surpassed the year-ago adjusted earnings of 37 cents. The adjusted earnings exclude the costs...
4Nov2011 | vitalstocks | 0 comments | Continued(AMD) Advanced Micro Devices Soars On Solid Results, Outlook
Advanced Micro Devices (AMD) reported third quarter earnings of 13 cents a share, beating the Zacks Consensus Estimate by 3 cents.The shares jumped 10.51% in after-market trading are maintaining a 10%+ increase in the pre-market. Revenue AMD’s revenues in the last quarter came...
4Nov2011 | vitalstocks | 0 comments | Continued(AEM) Company News for November 4, 2011 – Corporate Summary
• Allos Therapeutics (NASDAQ:ALTH) posted a Q3 loss of $0.11 per share, lower than the Zacks Consensus Estimate for a loss of $0.15 per share. Revenues for the quarter rose 73.2% year-over-year to $14.2 million, surpassing the Zacks Consensus Estimate of $13.0 million • ...
4Nov2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for November 4, 2011 – Market News
Greecereversed its call for a referendum on the European debt deal that calmed nerves and helped the markets log their second consecutive days of gains. A drop in weekly jobless claims further added to the cheer coupled with the European Central Bank’s decision to reduce the...
4Nov2011 | vitalstocks | 0 comments | Continued(VPHM) ViroPharma Going Strong
ViroPharma Inc. (VPHM) posted third quarter 2011 earnings (including special items) of 35 cents per share, surpassing the Zacks Consensus Estimate of 33 cents, but lower than the year-ago figure of 45 cents. Excluding special items, but including stock based compensation expense,...
4Nov2011 | vitalstocks | 0 comments | Continued(CAM) Cameron International Sees Profits Surge
Oil drilling equipment maker Cameron International Corp. (CAM) reported third quarter earnings per share (excluding special items) of 78 cents, exceeding the 64 cents (adjusted) earned in the prior-year quarter and the Zacks Consensus Estimate of 74 cents. The outperformance...
3Nov2011 | vitalstocks | 0 comments | ContinuedU.S. Initial Labor Claims Fall Below Key 400,000 Level
Initial Claims for Unemployment Insurance finally broke below the key 400,000 level. This week they fell by 9,000, but only after the previous week was revised up by 4,000. So regardless if you count it as a drop of 9,000 or 5,000, we are still at 397,000. This was slightly better...
3Nov2011 | vitalstocks | 0 comments | Continued(WHR) Whirlpool Slips on Earnings – Lowers Outlook
Whirlpool Corporation (WHR) reported net earnings of $177 million or $2.27 per share in the third quarter of 2011, compared with $79 million or $1.02 per share in the prior-year quarter. However, the company incurred charges of 8 cents per share related to the recent developments...
3Nov2011 | vitalstocks | 0 comments | Continued(LH) Laboratory Corporation of America Holdings Earnings Scorecard
The announcement of Laboratory Corporation of America Holdings’ (LH) third quarter fiscal 2011 results, as on October 20, 2011, has led analysts to revise their estimates lower for the fourth quarter and fiscal 2011. Third Quarter Highlights LabCorp reported adjusted EPS of...
3Nov2011 | vitalstocks | 0 comments | Continued