Daily Markets - IFF Hikes Dividend
Daily Markets - IFF Hikes Dividend |
- IFF Hikes Dividend
- Warm Weather Lifts Southern Co.
- IGT EPS Meets, Revenues Slide
- CTS Keys To Long-Term Growth
- Top-line Growth Drives Praxair 2Q
- International Paper Doubles EPS
- Wyndham Tops, Raises Outlook
- The Final Lesson Of BP
- Kerry Was Right: Dodging Yacht Tax Was Rational
- Kodak Misses Zacks Consensus
- Questar Below Zacks Estimates
- Energizer’s Profit Up, Shares Rise
- Mpls. Orthopedics Clinics Battle It Out; Consumer-Driven Health Care That’s “Better, Faster, Cheaper”
- A List Of Cheap, Big-Cap Stocks
- Under Armour Beats, Raises Outlook
- This Industry’s Rebound Points To A Recovering U.S. Economy
- The Risks Of Deep Water Drilling
- Capella Education Beats Estimate
- Avery Beats On Stronger Revenue
- Why I Am Not Bullish On The BRICs
- Funding Electric Vehicles Is A Battery-Dead Idea
- Kinetic Beats But Lowers Guidance
- Rockwell Automation Triples EPS
- Aflac Beats On Strong Yen
- Coca-Cola Enterprises Beats
- Earnings Scorecard: Omnicom
- Hospira Tops On EPS, Misses On Revs
- How’s Robert Rizzo Doing?
- Earnings Preview: Becton Dickinson
- Strong Results At MeadWestvaco
- Iconix Beats, Reaffirms Guidance
- Safe Haven No Longer?
- CVS Misses, Cuts Guidance
- Broadcom Reports Solid Quarter
- Virgin Media Reports Mixed Quarter
- Patriot Beats, Still In The Red
- Nabors Beats, Cautious On Outlook
- Siliconware Slips
- Hanger Comes In A Penny Ahead
- Chicago Bridge & Iron Beats
- Warren Buffett’s Recommended Reading List
- C.H. Robinson Beats Zacks Estimates
- Big Pharma Has A Big Problem And Merger Mania Is Heating Up
- Boeing Beats, But Stock Falls
- Earnings Scorecard: Forest Labs
- Impressive 2Q For Conoco
- Norfolk Beats, Gains Confidence
- CB Richard Ellis Tops Estimates
- Accidents, Coincidences Or Mysteries
| Posted: 28 Jul 2010 01:50 PM PDT New York based International Flavors & Fragrances Inc.'s (NYSE:IFF) board of directors approved an 8.0% hike in the company's quarterly dividend rate. The revised quarterly rate now stands at 27 cents per common share compared with 25 cents previously, resulting in an annual rate of $1.08 per common share. The revised dividend will be paid on Oct 6, to shareholders as of the close of business on Sep 22. International Flavors & Fragrances follows a consistent policy of returning cash … [visit site to read more]
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| Warm Weather Lifts Southern Co. Posted: 28 Jul 2010 01:50 PM PDT Electric utility firm Southern Co. (NYSE:SO) reported better-than-expected second quarter 2010 results, driven by improvement in industrial activity and higher usage on the back of warmer-than-normal temperatures. These were partially offset by a rise in expenses. Earnings per share came in at 62 cents, slightly higher than the Zacks Consensus Estimate of 59 cents and the year-ago profit of 61 cents. Quarterly revenue, at $4.2 billion, was up 8.3% year-over-year and beat the Zacks Consensus … [visit site to read more]
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| Posted: 28 Jul 2010 01:35 PM PDT A leader in designing, manufacturing and marketing games, International Game Technology (NYSE:IGT) announced its third quarter 2010 earnings, in line with the Zacks Consensus Estimate. Earnings, excluding onetime items, decreased 8.7% year-over-year to 21 cents. Including net effect of 11 cents related to onetime items, earnings on a GAAP basis came in at 32 cents in the third quarter of 2010 compared with 21 cents in the prior-year period. Revenues dropped 5.3% year-over-year to $489.7 million … [visit site to read more]
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| Posted: 28 Jul 2010 01:35 PM PDT Sifting Through the CTS Quarter We Find Two Nuggets On July 27th 2010, CTS Corp. (NYSE:CTS) announced results for the second quarter of fiscal year 2010 ending June 2010. Revenue for the period was $138.9 million, up 7.3% sequentially from $129.4 million and up 15.4% year over year. While the firm reported strength across the board, we note two items from the conference call that we feel are key to long-term growth: The ramp of free cash flow over the next two quarters
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| Top-line Growth Drives Praxair 2Q Posted: 28 Jul 2010 01:15 PM PDT Praxair Inc. (NYSE:PX) reported encouraging results for the second quarter of 2010, driven by strengthening global demand and onset of new projects. Net income soared 24.1% year-over-year to $371 million, or $1.19 per share compared with $299 million or 96 cents per share in the second quarter of 2009. Earnings per share surpassed the Zacks Consensus Estimate of $1.14 and the company's guided range of $1.10-$1.15. Revenue In the second quarter, sales came in at $2,527 million, up 18.2% … [visit site to read more]
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| International Paper Doubles EPS Posted: 28 Jul 2010 01:15 PM PDT International Paper Co. (NYSE:IP) delivered adjusted earnings per share (EPS) of 42 cents for the second quarter ended June 30, 2010, beating the Zacks Consensus Estimate by a penny. EPS in the quarter was more than double that of the year-ago quarter, driven by strong results across all of its segments. EPS in both quarters excluded special items. Including them, the company reported an EPS of 21 cents, a 34% drop from 32 cents in the year-earlier quarter. Special items include the net effect of … [visit site to read more]
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| Posted: 28 Jul 2010 01:05 PM PDT Wyndham Worldwide Corp. (NYSE:WYN) recorded second-quarter 2010 earnings of $95 million or 51 cents per share, which was well ahead of the Zacks Consensus Estimate of 41 cents and the company's previous guidance of 38 cents to 42 cents. The increment was driven by better-than-expected business in Exchange and Rentals, along with a lower effective tax rate and the favorable net effect of foreign currency. In the year-earlier quarter, Wyndham earned $75 million or 41 cents per share on an … [visit site to read more]
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| Posted: 28 Jul 2010 01:02 PM PDT BP is starting over. It just named a new American president and its finances are looking up. BP's second-quarter report showed surprisingly strong revenues of $75.9 billion, beating Wall Street's estimates. (This includes a $32.2 billion writedown along with the $20 billion liability fund that the Obama Administration wanted.) The company has started to sell $30 billion of its assets to ensure it has all the money it needs to pay any liability claims. No wonder several Wall Street analysts … [visit site to read more]
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| Kerry Was Right: Dodging Yacht Tax Was Rational Posted: 28 Jul 2010 12:56 PM PDT Jeff Jacoby comes to John Kerry’s defense…. “No one should be taking pride or pleasure in having railroaded Kerry into forking over $500,000 he likely never owed. I'm no fan of the senator, but he showed good sense in seeking to keep his taxes low. If only he would do the same for the rest of … [visit site to read more]
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| Posted: 28 Jul 2010 12:50 PM PDT Eastman Kodak Co. (NYSE:EK) reported results for the second quarter of fiscal 2010. During the quarter, loss per share (excluding one-time items) was 51 cents, worse than the loss per share of 43 cents in the year-ago quarter and missed the Zacks Consensus Estimate of a loss per share of 31 cents. Net loss came in at $136 million from a loss of $116 million in the second quarter of fiscal 2009. The company reported sales of $1,569 million, a decrease of 11% year-over-year from $1,766 million in … [visit site to read more]
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| Posted: 28 Jul 2010 12:30 PM PDT Natural gas-focused energy company, Questar Corp. (NYSE:STR) reported weak second quarter 2010 results due to higher operating expenses. Earnings per share, excluding after tax separation costs, came in at 20 cents, lower than the Zacks Consensus Estimate of 36 cents, but surpassed the year-ago profit of 18 cents.
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| Energizer’s Profit Up, Shares Rise Posted: 28 Jul 2010 12:15 PM PDT Energizer Holdings, Inc. (NYSE:ENR) reported increased profits in the third quarter of 2010 based on higher revenues, beating the Zacks Consensus Estimate. Quarterly earnings per share were 66.6% above the Zacks Consensus Estimate of 96 cents. However, revenues were in line with the Zacks Consensus.
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| Posted: 28 Jul 2010 12:06 PM PDT From the Mpls.-St. Paul StarTribune: “For years, anybody who pulled, twisted, sprained or broke some part of their body would show up at the emergency room. There, they’d often wait hours as more critical cases — heart attacks or strokes — leapfrogged ahead in line. Then they’d go home with an appointment to come back and see an orthopedic surgeon anytime from three days to three weeks out. In 2005, TRIA Orthopaedic Center in Bloomington, MN pioneered the idea of a free-standing … [visit site to read more]
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| A List Of Cheap, Big-Cap Stocks Posted: 28 Jul 2010 12:00 PM PDT There are a lot of cheap stocks out there, but I wanted to find a list of some of the cheapest that were large enough for just about any investor to consider buying. All of the stocks on the list below have Market Capitalizations of more than $6 billion (I screened for $5 billion but all were more than $6 billion). To make sure they had solid balance sheets, I required that debt be no more than 50% of total capital, and to make sure that earnings were not in the process of totally falling … [visit site to read more]
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| Under Armour Beats, Raises Outlook Posted: 28 Jul 2010 12:00 PM PDT Under Armour, Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected second-quarter 2010 results buoyed by the strong demand for athletic apparel that registered the highest sales growth rate since third-quarter 2007.
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| This Industry’s Rebound Points To A Recovering U.S. Economy Posted: 28 Jul 2010 11:59 AM PDT When you're traveling, what's your preference when it comes to accommodation?
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| The Risks Of Deep Water Drilling Posted: 28 Jul 2010 11:50 AM PDT The Deepwater Horizon disaster serves as a tragic reminder of oil's shortcomings.
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| Capella Education Beats Estimate Posted: 28 Jul 2010 11:50 AM PDT Capella Education Company (NASDAQ:CPLA), the provider of online education, recently delivered stronger-than-expected second-quarter 2010 results buoyed by a rise in enrollment.
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| Avery Beats On Stronger Revenue Posted: 28 Jul 2010 11:50 AM PDT Avery Dennison Corporation (NYSE:AVY) reported adjusted income of 94 cents per share in second-quarter 2010, beating the Zacks Consensus Estimate of 66 cents by 28 cents. Results were substantially ahead of second-quarter 2009 adjusted earnings of 56 cents per share. Adjusted income reached $99.9 million in the quarter, a substantial increase of 68.5% from $59.3 million in second-quarter 2009. Including the after-tax effect of charges for restructuring costs, asset impairment and lease … [visit site to read more]
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| Why I Am Not Bullish On The BRICs Posted: 28 Jul 2010 11:45 AM PDT Nowadays, many people seem to be bullish on the BRICs( Brazil, Russia, India, China). The bulls expect these countries to experience rapid growth in the future and therefore argue that their equities should be purchased. But how much growth can we expect, and what is the macro picture like in these countries? Let us examine each country one by one.
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| Funding Electric Vehicles Is A Battery-Dead Idea Posted: 28 Jul 2010 11:37 AM PDT Can a bunch of technocrats in Washington really make better decisions than free consumers in the marketplace? No economic or scientific case exists for subsidizing the electric vehicle. The government should remain technology-neutral. Subsidies hinder the ability of free enterprise to innovate and develop other advanced auto technologies like the hydrogen fuel cell. The right way to create a diverse market for advanced technologies is to limit government involvement and introduce real tax … [visit site to read more]
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| Kinetic Beats But Lowers Guidance Posted: 28 Jul 2010 11:30 AM PDT Kinetic Concepts Inc. (NYSE:KCI) reported second-quarter fiscal 2010 EPS of 75 cents, down 9% from 82 cents in the second quarter 2009. However, adjusted EPS (excluding the charges related to TSS portfolio rationalization and employee separation costs) was $1.01, beating the Zacks Consensus Estimate of 97 cents. EPS increased 3% from the year-ago quarter's 98 cents.
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| Rockwell Automation Triples EPS Posted: 28 Jul 2010 11:30 AM PDT Rockwell Automation Inc. (NYSE:ROK) delivered EPS of 83 cents in its third quarter ended June 30, 2010, beating the Zacks Consensus Estimate of 80 cents. In the quarter, EPS increased more than threefold compared with EPS of 23 cents in the year-ago quarter. Robust growth across all regions and particularly in the Architecture & Software segment culminated in the year-over-year improvement. Rockwell Automation's revenues of $1,268.1 million surpassed the Zacks Consensus Estimate of $1,227 … [visit site to read more]
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| Posted: 28 Jul 2010 11:15 AM PDT Aflac Inc.'s (NYSE:AFL) second quarter operating earnings per share of $1.35 were a couple of pennies ahead of the Zacks Consensus Estimate of $1.33. This compared favorably with earnings of $1.20 in the year-ago quarter. Earnings in the reported quarter excluded after-tax realized investment losses of $66 million or 14 cents per share that were partially offset by a gain of $8 million or 2 cents per share. In the prior-year quarter investment losses stood at $249 million or 53 cents per share. … [visit site to read more]
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| Posted: 28 Jul 2010 11:15 AM PDT Coca-Cola Enterprises Inc. (NYSE:CCE) recorded a 13.7% jump in second-quarter GAAP earnings to $356 million from $313 million in the year-ago period. Excluding special items, pro forma earnings per share came in at 79 cents, which topped the Zacks Consensus Estimate of 69 cents and grew 17.9% from 67 cents per share posted in the year-ago quarter. The better-than-expected result was primarily driven by higher volumes and cost containment initiatives. Bolstered by the better-than-expected … [visit site to read more]
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| Posted: 28 Jul 2010 11:05 AM PDT Following the second quarter results on July 20, the analysts have been optimistic on Omnicom Group Inc. (NYSE:OMC) based on the gradual recovery in macroeconomic conditions. However, management did not issue any guidance.
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| Hospira Tops On EPS, Misses On Revs Posted: 28 Jul 2010 11:05 AM PDT Hospira Inc.'s (NYSE:HSP) second-quarter fiscal 2010 earnings (excluding special items) of 86 cents per share handsomely beat the Zacks Consensus Estimate of 79 cents and the year-ago earnings of 73 cents per share. On a reported basis, the company earned 49 cents per share, up 206.3% from the year-ago earnings of 16 cents per share. Revenues for the quarter climbed 1.2% to $968 million (up 0.3% at constant exchange rates or CER). However, revenues in the reported quarter fell short of the … [visit site to read more]
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| Posted: 28 Jul 2010 10:56 AM PDT How might an individual earning close to 800k as a city manager live? Let's learn more about former Bell, CA city manager Robert Rizzo. The Orange County Register recently ran a little expose on Mr. Rizzo, Check Out Home of $800,000-a-Year City Manager, Robert Rizzo, the city manager of Bell, is taking a lot of heat after the Los Angeles Times reported he's pulling down a whopping $787,637 a year — apparently the highest paycheck for a city manager in … [visit site to read more]
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| Earnings Preview: Becton Dickinson Posted: 28 Jul 2010 10:50 AM PDT Becton Dickinson (NYSE:BDX) is slated to report third-quarter 2010 results on Thursday, July 29, ahead of the opening bell. During the second-quarter conference call, Becton Dickinson stated that it expects fiscal 2010 (ending September 30) revenue to increase about 6% year over year, compared with the previous guidance of 7%.
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| Strong Results At MeadWestvaco Posted: 28 Jul 2010 10:50 AM PDT MeadWestvaco Corporation (NYSE:MWV) reported net income from continuing operations of 35 cents per share, beating the Zacks Consensus Estimate by 2 cents for the second quarter of 2010. Results were also ahead of the year-ago figure of 22 cents per share. Net income from continuing operations of MeadWestvaco was $61 million, a substantial increase of 61% from $38 million in the prior-year quarter. Better-than-expected results were driven by increased profitability in global packaging and other … [visit site to read more]
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| Iconix Beats, Reaffirms Guidance Posted: 28 Jul 2010 10:30 AM PDT Iconix Brand Group Inc. (NASDAQ:ICON), a brand management company, delivered robust second quarter results and maintains its revenue and earnings projection for fiscal 2010. New York-based Iconix's earnings jumped 9.1% in the quarter to 36 cents a share from 33 cents a share in the year-ago period, demonstrating steady organic growth in its core businesses and potential opportunities in its recently acquired “Peanuts” (Charlie Brown, Snoopy, etc.) brand. Earnings also outpaced the Zacks Consensus … [visit site to read more]
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| Posted: 28 Jul 2010 10:17 AM PDT Fundamentals
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| Posted: 28 Jul 2010 10:15 AM PDT CVS Caremark (NYSE:CVS) reported an EPS of 60 cents for the second quarter of fiscal 2010, unchanged from the year-ago period. However, after considering certain adjustments, the EPS was 65 cents, missing the Zacks Consensus Estimate by 3 cents and unchanged from the year-ago period. Revenues decreased 3.5% year over year to $24.0 billion, primarily due to a major disappointment in its Pharmacy Services segment. This segment recorded a 9% decline in revenues to $11.8 billion, driven by the … [visit site to read more]
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| Broadcom Reports Solid Quarter Posted: 28 Jul 2010 10:15 AM PDT Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) reported solid results for the second quarter of 2010, which beat both management and the Zacks estimates. Broadcom generated revenues of $1.604 billion in the second quarter of 2010, up 54.3% year over year and up 9.7% sequentially. The results surpassed management's revenue guidance of $1.535 – $1.635 billion and the Zacks Consensus Estimate (ZCE) of $1.592 billion. The growth in revenues was powered by strong product demand from the … [visit site to read more]
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| Virgin Media Reports Mixed Quarter Posted: 28 Jul 2010 10:00 AM PDT Virgin Media Inc. (NASDAQ:VMED) declared mixed financial results for the second quarter 2010. Quarterly total revenue of $1,446 million was up 7.1% year over year and mostly in line with the Zacks Consensus Estimate of $1,449 million. The year-over-year increase in revenue was primarily due to significant growth of all four reporting segments of the company.
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| Patriot Beats, Still In The Red Posted: 28 Jul 2010 09:45 AM PDT Coal producer Patriot Coal Corporation's (NYSE:PCX) second quarter loss came in at 15 cents per share, better than the Zacks Consensus Estimate of a loss of 30 cents per share. Last year, the company reported earnings of 39 cents for the corresponding period.
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| Nabors Beats, Cautious On Outlook Posted: 28 Jul 2010 09:30 AM PDT
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| Posted: 28 Jul 2010 09:30 AM PDT Siliconware Precision Industries Co. Ltd (NASDAQ:SPIL) reported earnings from continuing operations of 8 cents per ADR for the second quarter of 2010, falling below the Zacks Consensus Estimate of 12 cents.
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| Posted: 28 Jul 2010 09:15 AM PDT Hanger Orthopedic (NYSE:HGR) announced adjusted earnings per share of 37 cents for second quarter fiscal 2010, which edged past the Zacks Consensus Estimate of 36 cents and was also above the year-ago earnings of 31 cents.
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| Posted: 28 Jul 2010 09:00 AM PDT Chicago Bridge & Iron (NYSE:CBI), a.k.a. CB&I, has reported its second quarter 2010 results. Net income was $47.3 million, or 47 cents per share, topping the Zacks Consensus Estimate of 43 cents per share. Quarterly revenue was $916 million. This was below the Zacks Consensus revenue estimate of $956 million. For the CBI Steel Plate Structure segment, … [visit site to read more]
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| Warren Buffett’s Recommended Reading List Posted: 28 Jul 2010 08:59 AM PDT Warren Buffett Over Warren Buffett's lifetime, "The Oracle of Omaha" has suggested several books that he thinks is valuable to the investor. Hat tip to Market Folly for compiling this list.
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| C.H. Robinson Beats Zacks Estimates Posted: 28 Jul 2010 08:50 AM PDT Yesterday after the closing bell, C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) declared better than expected financial results for its second quarter 2010. As a leading global third-party logistics provider, the company benefits from improving economic conditions. In the after market trade on NASDAQ, stock price of C.H. Robinson Worldwide was up $1.54 (2.52%) to $62.74.
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| Big Pharma Has A Big Problem And Merger Mania Is Heating Up Posted: 28 Jul 2010 08:42 AM PDT Wednesday, July 28, 2010: Issue #1311
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| Posted: 28 Jul 2010 08:35 AM PDT The Boeing Company (NYSE:BA) overcame market pessimism, showing resilience in its core businesses with second quarter fiscal 2010 earnings of $1.06 per share, outpacing the Zacks Consensus Estimate of $1.01. The company's results reflect solid performance across its core businesses amid lower volumes. However, the company, like its defense peer Lockheed Martin Corporation (NYSE:LMT) fell short of year-ago earnings. Last year, Boeing reported earnings of $1.41 for the corresponding period. The … [visit site to read more]
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| Earnings Scorecard: Forest Labs Posted: 28 Jul 2010 08:35 AM PDT Following the release of first quarter fiscal 2011 results on July 20, 2010, almost all the analysts covering Forest Laboratories (NYSE:FRX) have made upward revisions to their earnings estimates for 2011 and 2012. The upward revision in estimates is mainly in response to the company's revised guidance for fiscal 2011.
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| Posted: 28 Jul 2010 08:20 AM PDT ConocoPhillips (NYSE:COP) reported its second-quarter 2010 earnings of $1.67 per share (excluding a net benefit of $1.7 billion, primarily from dispositions and an impairment), substantially higher than the year-ago quarter earnings of 66 cents as well as the Zacks Consensus Estimate of $1.55. The improved performance primarily reflects a hike in commodity prices associated with improved global refining and marketing margins, partially offset by lower production volumes. Revenues in the reported … [visit site to read more]
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| Norfolk Beats, Gains Confidence Posted: 28 Jul 2010 08:20 AM PDT On July 27, Norfolk Southern Corp. (NYSE:NSC), the leading U.S. railroad company, declared its adjusted second quarter 2010 earnings of $1.04 per share, which surpassed the Zacks Consensus Estimate of 99 cents. Earnings per share shot up 58% year over year from 66 cents in the year-ago quarter. Earnings were driven by increased shipments, higher pricing and strong operating leverage.
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| CB Richard Ellis Tops Estimates Posted: 28 Jul 2010 08:05 AM PDT CB Richard Ellis Group Inc. (NYSE:CBG) reported second-quarter 2010 revenues of $1.2 billion compared with $955.7 million in the year-earlier quarter, reflecting an increase of 23%. The revenues in the reported quarter beat the Zacks Consensus Estimate of $1.1 billion.
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| Accidents, Coincidences Or Mysteries Posted: 27 Jul 2010 12:56 PM PDT I coined a pet saying: “There are no accidents or coincidences, there are only mysteries.” Well, this is no coincidence. What follows is a mystery in the market’s action we ought to focus on and it’s probably no accident or coincidence. There could be inexplicable forces at work in this market since November-December 2009 and its locus is at 1116 on the S&P 500 Index. Take a look at yesterday’s action just before the close: The day opened with a nice pop that was quickly and summarily … [visit site to read more]
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