Consumer Goods
(KFT) Kraft Foods Trims Jobs – Projects Profits
As Kraft Foods Inc. (KFT) moves ahead with its spin-off plan, the company plans to slash the jobs of about 1,600 employees in North America in the year 2012. According to Kraft, the move was imperative for the smooth running of its businesses. The company also projects higher...
30Jan2012 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Results Come Up Short on Charges
Procter & Gamble Co.(PG) reported modest results for the second quarter 2012, with net earnings from continuing operations sliding 49.0% year over year to 57 cents a share, which missed the Zacks Consensus Estimate by 47.22%. Profits were limited due to non-core charges...
30Jan2012 | vitalstocks | 0 comments | Continued(UA) Under Armour Beats Estimates
Under Armour, Inc. (UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected fourth-quarter 2011 results. The company outdid the expectations on the back of healthy apparel, footwear,...
30Jan2012 | vitalstocks | 0 comments | Continued(JAKK) JAKKS Pacific – Bear of the Day
Challenging holiday sales hit JAKKS Pacific (JAKK) badly, which consequently made the company cut its fiscal 2011 guidance. The labor shortage in Asia and an increase in input costs also remained a drag on the stock. An underperformance in the third quarter’s top and bottom...
30Jan2012 | vitalstocks | 0 comments | Continued(F) Ford Motor Misses Earnings – Revenues Up 6.5%
Ford Motor Co. (F) posted a 34% fall in profit to $797 million or 20 cents per share (before special items) in the fourth quarter of 2011 from $1.20 billion or 30 cents per share (before special items) in the same quarter of 2010. With this, the automaker has missed the Zacks...
27Jan2012 | vitalstocks | 0 comments | Continued(BMS) Company News for January 26, 2012 – Corporate Summary
• Manufacturer of flexible packaging products Bemis Co.’s (NYSE:BMS) shares rose 6% to end the day at $31.79 after the company posted better-than-expected fourth-quarter profits • Share prices of WellPoint Inc. (NSYE:WLP) retreated 4.76% after the health insurer...
26Jan2012 | vitalstocks | 0 comments | Continued(UA) Under Armour Earnings Preview
Under Armour Inc. (UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, is slated to report its fourth-quarter 2011 financial results on January 26, 2012. The current Zacks Consensus Estimate for the quarter is 60...
26Jan2012 | vitalstocks | 0 comments | Continued(F) Ford Motor Cuts Lincoln Dealerships
Ford Motor Co. (F) announced that it has reduced dealerships of its Lincoln luxury lineup to 325 from about 500 in the top 130 markets, where demand for luxury products is very strong. With the reduction in dealer count, dealers will compete less with each other and more with...
22Jan2012 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Impacted by Weak Demand
MeadWestvaco Corporation (MWV) announced that it expects pre-tax income from its business segments (before Corporate and other) in the range of $150 to $160 million for the fourth quarter of 2011. For the full year 2011, the company expects pre-tax income in the range of $835...
21Jan2012 | vitalstocks | 0 comments | Continued(CROX) Crocs Set to Hit Revenues of a Billion Dollars in 2011
Shoe manufacturer Crocs Inc (CROX) recently announced that it expects to achieve the higher end of its revenue guidance of $200 million to $205 million for the fourth quarter of 2011, based on the solid performance of retail business. Thus, the Niwot, Colorado-based company expects...
17Jan2012 | vitalstocks | 0 comments | Continued(IP) International Paper Company – Bull of the Day
International Paper Co.’s (IP) third quarter EPS of $0.92 beat the Zacks Consensus Estimate. The company continues with its merger and acquisition strategy to strengthen its businesses. The merger with Temple-Inland will increase its share of the North American corrugated-packaging...
17Jan2012 | vitalstocks | 0 comments | Continued(PC) Decline in PC Shipments Continues
Personal Computer (PC) shipments continue to struggle as research firms Gartner and IDC reported a decline in PC shipments for the fourth quarter of 2011. Gartner and IDC estimate 1.4% and 0.2% declines in worldwide PC shipments, respectively in the fourth quarter. Worldwide...
16Jan2012 | vitalstocks | 0 comments | Continued(DMND) Company News for January 16, 2012 – Corporate Summary
• Shares of JP Morgan Chase & Co. (NYSE:JPM) declined 2.5% after the company reported its fourth quarter earnings per share of $0.90, lower than the Zacks Consensus Estimate of $0.92 • According to The Wall Street Journal, federal prosecutors were inquiring...
16Jan2012 | vitalstocks | 0 comments | Continued(F) Ford Recalls Minivans and SUVs
Ford Motor Co. (F) announced that it would recall 539,000 vehicles including Ford Escape SUVs, and Ford Freestar and Mercury Monterey minivans because of safety issues. Most of the recalled vehicles were sold in the U.S. The automaker would recall 286,000 units of Ford Escape...
14Jan2012 | vitalstocks | 0 comments | Continued(F) U.S. Auto Industry Sees Best Year Since 2008
Light vehicle sales in December 2011 rose 9% to seasonally adjusted annual rate (SAAR) of 13.6 million units, driven by low interest rates (below 3%), easier credit standards, decreasing unemployment rate and pent-up demand when the average age of cars on U.S. roads is almost...
14Jan2012 | vitalstocks | 0 comments | Continued(PM) Philip Morris International Working to Show Tobacco Saves Lifes
While the governments of several countries are forcing the tobacco biggies to showcase the deadly effects of cigarettes through their packets, Philip Morris International (PM) has interestingly geared up to prove that tobacco can save lives too. To strengthen its mission, the...
13Jan2012 | vitalstocks | 0 comments | Continued(AVY) Avery Dennison Selling Office Business
Avery Dennison Corporation (AVY) is divesting its underperforming Office and Consumer Products to its competitor 3M Co. (MMM), the maker of Post-it notes and Scotch Tape, for $550 million in cash. The Office and Consumer Products segment contributed approximately 13% to Avery’s...
9Jan2012 | vitalstocks | 0 comments | Continued(F) Auto Sales to Reach Three-Year High
According to an industry research report by TrueCar.com, light vehicle sales in the U.S. (including cars, trucks and sports utility vehicles/SUVs) during 2011 is likely to reach its three-year high at nearly 12.8 million vehicles, compared with 13.2 million vehicles in 2008,...
3Jan2012 | vitalstocks | 0 comments | Continued(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies’ (EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing power of the affluent class who shop for products from cosmetics...
27Dec2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Foods Sees Lobbying Charges Shrink
Kraft Foods Inc. (KFT) reported that it spent $640,000 during the third quarter 2011 on issues related to transportation, agriculture, trade and other matters. The lobbying charges shrunk 1.5% from $650,000 spent during the third quarter of 2010 and 12.3% from $730,000 spent...
27Dec2011 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Reads Google Data for Marketing
Procter & Gamble Company (PG) has taken up an innovative way to market its new product, Vicks Behind Ear Thermometer. It is using the data of the famous search engine Google Inc. (GOOG), to identify the regions that are most flu prone, and thereafter the former will send...
24Dec2011 | vitalstocks | 0 comments | Continued(SFD) Smithfield Food – Bull of the Day
Smithfield Food (SFD) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust exports despite higher raw material costs. Further, management has undertaken...
21Dec2011 | vitalstocks | 0 comments | Continued(SFD) Smithfield Foods – Bull of the Day
Smithfield Foods (SFD) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust exports despite higher raw material costs. Further, management has undertaken...
20Dec2011 | vitalstocks | 0 comments | Continued(AVP) Company News for December 15, 2011 – Corporate Summary
• VeriFone (NYSE:PAY) posted Q4 EPS of $0.53, surpassing the Zacks Consensus Estimate of $0.44 per share. Revenues for the quarter rose 50.7% year-over-year to come in at $410.70 million • Joy Global (NYSE:JOY) reported Q4 EPS of $1.83, lower than the Zacks Consensus...
15Dec2011 | vitalstocks | 0 comments | Continued(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies’ (EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing power of the affluent class who shop for products from cosmetics...
15Dec2011 | vitalstocks | 0 comments | Continued(MGA) Magna International to Open Solar System Plant
Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market. The 166,000-square-foot facility,...
15Dec2011 | vitalstocks | 0 comments | Continued(PERY) Perry Ellis International Pumps Up Share Buyback
Perry Ellis International Inc. (PERY) recently approved a $20 million extension of its stock repurchase program, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions. This program now authorizes the company to...
15Dec2011 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble and Siemens Extend Ties
Procter & Gamble Company (PG) gets to deepen its ties with Siemens AG (SI), as the latter confirmed the extension of providing a wide array of software to the leading fast moving consumer goods manufacturer. It will be Siemens Industry Automation Division’s business unit,...
15Dec2011 | vitalstocks | 0 comments | Continued(BWA) BorgWarner to Sell Tire Pressure Business
BorgWarner Inc. (BWA) plans to sell its tire pressure monitoring business to Germany-based Huf Electronics GmbH as it diverts its attention to powertrain technologies. The sale includes a manufacturing facility in Bretten, Germany that employs 230 people. BorgWarner acquired...
14Dec2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Trims Earnings Outlook
Toyota Motor Corp. (TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain. The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year,...
14Dec2011 | vitalstocks | 0 comments | Continued