Daily Markets - Earnings Scorecard: Union Pacific |
- Earnings Scorecard: Union Pacific
- Saks Reports Higher Sales
- AMMD AdVance XP Gets CE Mark
- Cardinal Reaffirmed At Neutral
- Grand Canyon Tops, Stock Tanks
- Qiagen Beats By A Whisker
- China Fire Misses, Trims Guidance
- Four Reasosn To Look At Fronteir Market ETFs
- Xifaxan Boosts Salix Earnings
- Freddie Mac Loss Narrows
- Medivation Narrows Loss
- Landry’s Posts Mixed Q2
- McDonald’s July Sales Climb
- LAN’s July Traffic Improves
- Earnings Scorecard: Eastman Chemical
- Parallel Worlds
- Ben Bernanke Is Running Out Of Ammo
- Fed To Reinvest Cashflows
- Dollar Hurts GOL Linhas Aereas
- Mindray Beats But Stumbles On Sales
- ETP Misses Zacks Estimates
- Rumo Receives BNDES Finance
- Earnings Scorecard: CVS Caremark
- Hhgregg Beats On Soaring Sales
- Forex Trading: GBPUSD Consolidates At Higher Levels. Watching Key Technical Levels
- POSCO And Krakatau Join Forces
- July Sales Up For TJX
- Wonder Auto Shows Improvements
- Forex Trading: USDJPY Waffling Around Key 85.30 Level As Market Digests FOMC
- Hawaiian Electric Meets Expectations
- Franklin’s July AUM Improves
- Constellation To Acquire Assets
- If You Tax Something, You Get Less Of It
- Sugar Slides As Supply Concerns Ease
- Volumes Buoy Quicksilver
- DTS Beats Marginally
- Ambac Narrows Loss, Lowers Debt
- Tower Gains On Higher Revenues
- Pall Corp Wins Contract
- Repsol’s Brazil Equity Offer
- Shire Beats, Updates Outlook
- CNOOC Commences BZ 19-4
- Momenta Crashes A $100 Billion Industry… And Scores An 80% Boost
- Confessions Of A Class Worrier
| Earnings Scorecard: Union Pacific Posted: 10 Aug 2010 03:05 PM PDT Railroad giant Union Pacific Corp. (NYSE:UNP) reported excellent results for the second quarter 2010, beating the Zacks Consensus Estimate by 19 cents. Overall, the analysts are bullish on the stock, given the company's impressive results. The impressive performance was driven by a robust operating ratio, strong growth in business volume, cost efficiency and pricing gains. Second quarter operating ratio came in at a historic high-level of 69.4% compared with 77.4% in the prior-year quarter. … [visit site to read more]
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| Posted: 10 Aug 2010 03:05 PM PDT Saks Inc. (NYSE:SKS) reported total sales of $167.9 million for the month of July 2010, which was 4.8% higher than $160.2 million in the same period a year ago. The company's comparable store sales grew 6.4% for the month. During the four week period, the company saw growth in women's shoes and sportswear, handbags, dresses, men’s apparel, footwear and accessories. However, in the months of May and June, Saks spent less on promotional activity. Saks' sales totaled $583.4 million for the … [visit site to read more]
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| Posted: 10 Aug 2010 03:05 PM PDT Leading pelvic-health devices maker American Medical Systems (NASDAQ:AMMD) reported that it received the European CE mark for its AdVance XP sling system for the treatment of male stress urinary incontinence (SUI). AdVance XP is the next-generation successor to American Medical's AdVance (launched in August 2006) minimally invasive sling system for mild SUI. Male SUI, which is characterized by an involuntary loss of urine, affects roughly 5 million men in the U.S. It is a common side effect of … [visit site to read more]
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| Cardinal Reaffirmed At Neutral Posted: 10 Aug 2010 03:05 PM PDT We maintain our Neutral recommendation for Cardinal Health (NYSE:CAH), one of the largest distributors of pharmaceuticals and medical supplies. Earnings for fourth-quarter fiscal 2010 beat the Zacks Consensus Estimate by a penny. However, profit dipped year-over-year, impacted by the spin-off of the company's non-core Clinical and Medical Products segment (CareFusion), lower customer pricing and supply disruption in the pharmaceutical segment. Revenues grew by a mere 0.5% year-over-year to … [visit site to read more]
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| Grand Canyon Tops, Stock Tanks Posted: 10 Aug 2010 02:35 PM PDT Grand Canyon Education Inc. (LOPE) posted second-quarter 2010 results after the closing bell on Monday. The company's earnings surged 62.2% to $12.4 million or 27 cents per share from $7.6 million or 17 cents per share in the year-ago quarter. Quarterly earnings also surpassed the Zacks Consensus Estimate of 24 cents. However, shares of Grand Canyon slipped more than 10% in Tuesday trading on the Nasdaq as concerns loomed over ongoing investigations by federal authorities on for-profit … [visit site to read more]
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| Posted: 10 Aug 2010 02:35 PM PDT Qiagen NV (NASDAQ:QGEN) reported an adjusted EPS to 22 cents in the second quarter of 2010, surpassing the Zacks Consensus Estimate by a penny. EPS increased 8.3% year-over-year from 24 cents. Results in the second quarter were adjusted for business integration, acquisition related and restructuring costs, a one-time tax benefit as well as amortization expenses. Qiagen reported a 9% year-over-year increase in revenue to $262.7 million from $240.2 million in the year-ago quarter, which misses the … [visit site to read more]
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| China Fire Misses, Trims Guidance Posted: 10 Aug 2010 02:35 PM PDT China Fire & Security Group Inc. (NASDAQ:CFSG) reported earnings per share of 26 cents in its second quarter ended June 30, 2010, falling short of the Zacks Consensus Estimate of 28 cents and 30 cents in the year-ago quarter. EPS was hurt by lower-than-expected revenues, lower gross margins and higher operating expenses. Both the current quarter and year-ago quarter's EPS excluded non-cash option and restricted stock expenses. Including the same, China Fire reported EPS of 22 cents compared … [visit site to read more]
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| Four Reasosn To Look At Fronteir Market ETFs Posted: 10 Aug 2010 02:17 PM PDT Frontier market ETFs have been gaining investor attention as many seek to diversify portfolios and gain exposure to nations and regions that are up and coming and for good reason.
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| Posted: 10 Aug 2010 02:05 PM PDT Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) swung to a profit in the second quarter of 2010 with earnings coming in at 13 cents per share, 3 cents above the Zacks Consensus Estimate and the guidance provided by the company. Salix had reported a loss of 32 cents in the year-ago quarter. Higher revenues helped the company swing to a profit in the reported quarter. Second quarter revenues increased a whopping 79.5% to $93.8 million, mainly due to strong Xifaxan sales. While revenues were slightly above … [visit site to read more]
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| Posted: 10 Aug 2010 02:05 PM PDT Freddie Mac's (FMCC) second quarter 2010 net loss came in at $1.85 per share, substantially lower than the prior quarter loss of $2.45. However, this compares unfavorably with a net loss of 26 cents per share in the year-ago quarter. With some early signs of stabilization in the housing market, Freddie Mac expects low mortgage rates, relatively high affordability and homebuyer tax credit, all of which will help fuel a recovery in the upcoming quarters. Though provision for credit losses … [visit site to read more]
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| Posted: 10 Aug 2010 02:05 PM PDT Medivation Inc. (NASDAQ:MDVN) reported a loss of 21 cents per share in the second quarter of 2010, narrower than the Zacks Consensus Estimate of a loss of 36 cents and the year-ago loss of 29 cents. Lower expenses led to the narrower loss. Revenues for the quarter were $15.8 million, well below the Zacks Consensus Estimate of $17 million. Revenues were $16.3 million in the year-ago period. Quarter in Detail Revenues consisted of partial recognition of the non-refundable upfront payment of $225 … [visit site to read more]
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| Posted: 10 Aug 2010 02:05 PM PDT Landry’s Restaurants Inc. (NYSE:LNY) reported second-quarter 2010 adjusted loss of 1 cent per share, much lower than the Zacks Consensus Estimate of earnings of 25 cents and the year-ago quarterly profit of 20 cents. On a GAAP basis, net loss per share was 87 cents versus net earnings of 41 cents recorded in the comparable quarter last year. The reported quarter includes expenses like impairment charge, litigation settlement charge and transaction merger cost. However in the year-ago quarter, … [visit site to read more]
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| Posted: 10 Aug 2010 01:35 PM PDT McDonald’s Corp. (NYSE:MCD) posted better-than-expected global comparable sales growth of 7% in July, a step up from 4.3% recorded in July 2009, on the heels of strong beverage sales.
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| Posted: 10 Aug 2010 01:35 PM PDT Earlier this month, LAN Airlines S.A. (NYSE:LFL) of Chile released its passenger traffic data for July 2010. Total passenger traffic grew significantly by 14.5% year over year, with domestic traffic increasing 17.6% and international traffic rising 13.3%. International passenger traffic accounted for approximately 71% of the total passenger traffic.
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| Earnings Scorecard: Eastman Chemical Posted: 10 Aug 2010 01:35 PM PDT Shares of Eastman Chemical Company (NYSE:EMN) have been shooting up since the company reported solid second quarter 2010 results on July 30, 2010. The company outperformed the Zacks Consensus Estimate by 39 cents and its own guidance by 45 cents. Analysts and investors have maintained a positive outlook on the stock after an impressive second quarter.
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| Posted: 10 Aug 2010 01:33 PM PDT The world according to Washington: “Obama Confident No ‘Double-Dip’ Recession Coming” (Associated Press) CHICAGO – President Barack Obama says he is confident the nation will not suffer the “double dip” of back-to-back recessions. The world according to everybody … [visit site to read more]
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| Ben Bernanke Is Running Out Of Ammo Posted: 10 Aug 2010 01:24 PM PDT What if you were playing a round of golf with a set number of balls and were restricted by how often you might be able to use specific clubs? Might feel somewhat overwhelmed, no? What if you faced this predicament when you realized that you were still many holes away from the clubhouse? Might feel increasingly overwhelmed, no? Why do I have this mental image of Ben Bernanke and his fellow Fed governors standing out on the farthest point of a golf course … [visit site to read more]
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| Posted: 10 Aug 2010 01:05 PM PDT The Federal Reserve, as expected, left the Federal Funds rate at a range of between 0% and 0.25% where it has been since December 2008, at the height of the financial meltdown. While lots of attention is being focused on this meeting, and the statement that accompanies it, the main issue is if the Fed will change its language regarding the state of the economy and if it is prepared to take any unconventional steps to help the economy along. The Fed took a half step in that regard by deciding … [visit site to read more]
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| Dollar Hurts GOL Linhas Aereas Posted: 10 Aug 2010 01:05 PM PDT GOL Linhas Aereas (NYSE:GOL) reported a net loss (excluding one-time items) of R$14.9 million (US$8.3 million) for the second quarter of 2010 compared to a net profit of R$353.7 million (US$169.2 million) in the year-earlier quarter. Foreign exchange loss was the primary reason for the negative results. GOL reported a foreign exchange loss of R$29.9 million (US$16.6 million) in comparison to a gain of R$448.4 million (US$214.5 million) in the year-ago quarter based on the 1.2% appreciation of the … [visit site to read more]
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| Mindray Beats But Stumbles On Sales Posted: 10 Aug 2010 01:05 PM PDT Mindray Medical International Limited (NYSE:MR), a leading Chinese medical devices company, reported second-quarter 2010 adjusted (excluding one-time expenses) earnings per share of 39 cents, beating the Zacks Consensus Estimates and year-ago figures of 34 cents.
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| Posted: 10 Aug 2010 01:05 PM PDT Energy Transfer Partners L.P. (NYSE:ETP), a master limited partnership ("MLP"), announced weak second quarter 2010 results. The partnership reported earnings per unit of 3 cents, well below the Zacks Consensus Estimate of 28 cents and the year-ago quarter's earnings of 38 cents. The quarterly results were adversely affected by the Intrastate Transportation and Storage segment's performance, coupled with higher operating expenses. Including the charges associated with the transfer of the … [visit site to read more]
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| Posted: 10 Aug 2010 12:35 PM PDT Brazil-based Cosan Ltd's (NYSE:CZZ) indirect subsidiary Rumo Logística S.A. (Rumo) through its subsidiary Cosan Operadora Portuária S.A. secured financing of approximately R$614 million from the Brazilian Development Bank (BNDES). The financial assistance has a term period of up to 12 years and costs a long-term interest rate of (TJLP) + 1.92% p.a.
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| Earnings Scorecard: CVS Caremark Posted: 10 Aug 2010 12:35 PM PDT Subsequent to the announcement of CVS Caremark's (NYSE:CVS) second quarter fiscal 2010 results on July 28, 2010, revision of estimates among analysts depict a downward trend.
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| Hhgregg Beats On Soaring Sales Posted: 10 Aug 2010 12:35 PM PDT Hhgregg Inc. (NYSE:HGG) reported its first-quarter income from continuing operations of $2.7 million or 7 cents per share, surpassing the Zacks Consensus Estimate of 2 cents. This also compares favorably with the income of $1.5 million or earnings of 4 cents in the year-ago quarter. The improved showing was attributable to higher-than-expected sales aided by additions from same store sales and gross margins.
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| Forex Trading: GBPUSD Consolidates At Higher Levels. Watching Key Technical Levels Posted: 10 Aug 2010 12:06 PM PDT |
| POSCO And Krakatau Join Forces Posted: 10 Aug 2010 12:05 PM PDT Korean steel maker POSCO (NYSE:PKX) enters the Indonesian steel industry in a joint venture with Krakatau Steel by initiating the construction of the first integrated steel mill in Indonesia. Krakatau Steel is a state-owned steel producer having 60% market share of steel plate market.
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| Posted: 10 Aug 2010 12:05 PM PDT The TJX Companies Inc. (NYSE:TJX) reported same store sales of 2% for the four week period ended July 31, 2010. This affirms the company's positive comparable store sales growth momentum so far. Sales in the same period upped 6% to $1.5 billion from $1.4 billion in the four-week period ended August 1, 2009 driven by increase in store traffic. TJX's consolidated comparable store sales increased 6% for the 26-week period ended July 31, 2010. For the period, TJX recorded sales of $10.1 billion, … [visit site to read more]
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| Wonder Auto Shows Improvements Posted: 10 Aug 2010 12:05 PM PDT Wonder Auto Technology Inc. (NASDAQ:WATG) posted a net income of $8.3 million or 24 cents per share in the second quarter of 2010, up 54% from $5.4 million or 20 cents per share in the year-earlier quarter. Wonder Auto's net income left behind the Zacks Consensus Estimate of 19 cents per share. Revenues of $68.5 million experienced a 37.9% improvement over the same quarter last year. However, revenues fell short of the Zacks Consensus Estimate of $66 million for the quarter. In China alone, … [visit site to read more]
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| Forex Trading: USDJPY Waffling Around Key 85.30 Level As Market Digests FOMC Posted: 10 Aug 2010 11:46 AM PDT |
| Hawaiian Electric Meets Expectations Posted: 10 Aug 2010 11:35 AM PDT Hawaiian Electric Industries Inc. (NYSE:HE) announced its second-quarter 2010 operating earnings of 31 cents per share, at par with the Zacks Consensus Estimate of 31 cents per share. The results of the company were higher than the year-ago earnings of 17 cents per share.
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| Posted: 10 Aug 2010 11:35 AM PDT Franklin Resources Inc. (NYSE:BEN) reported preliminary month-end assets under management (AUM) of $602.9 billion by the company’s subsidiaries for the month of July, up 5.7% from $570.5 billion as of June 30, 2010. Assets under management improved 25.0% from $482.4 billion on a year-over-year basis.
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| Constellation To Acquire Assets Posted: 10 Aug 2010 11:35 AM PDT Energy utility Constellation Energy Group Inc. (NYSE:CEG) announced that it signed an asset purchase agreement with Boston Generating to acquire its 2,950 megawatt fleet for $1.1 billion or $372 per kilowatt.
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| If You Tax Something, You Get Less Of It Posted: 10 Aug 2010 11:35 AM PDT In this previous CD post, it was reported that world-class Jamaican sprinter Usain Bolt won’t be competiting in this weekend’s Aviva London Grand Prix because of a new U.K. tax rule that imposes a top rate of income tax of 50 percent on athletes, not just on the income earned in the U.K., but also on a proportion of their worldwide sponsorship and endorsement income. Now it looks like some of the leading professional golfers aren’t … [visit site to read more]
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| Sugar Slides As Supply Concerns Ease Posted: 10 Aug 2010 11:17 AM PDT Fundamentals
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| Posted: 10 Aug 2010 11:05 AM PDT Quicksilver Resources Inc's (NYSE:KWK) second quarter 2010 earnings of 18 cents per share, climbed compared with the Zacks Consensus Estimate of 16 cents but slipped 25% from last year's earnings of 24 cents.
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| Posted: 10 Aug 2010 11:05 AM PDT DTS Inc. (NASDAQ:DTSI) reported second quarter 2010 results, with earnings decreasing 57.1% to 9 cents from 21 cents reported in the prior-year quarter. However, earnings per share beat the Zacks Consensus Estimate by a penny. The weak year-over-year results were primarily due to lackluster revenue growth and higher operating expenses. Revenue Revenues plunged 27.7% year over year to $17.5 million in the quarter, in line with the Zacks Consensus Estimate. The year-over-year decline in revenues … [visit site to read more]
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| Ambac Narrows Loss, Lowers Debt Posted: 10 Aug 2010 11:05 AM PDT Ambac Financial Group Inc. (NYSE:ABK) reported its second-quarter 2010 loss per share of 20 cents, a vast improvement from a loss of $8.24 per share reported in the prior-year period. Net loss in the quarter was $57.6 million compared with a net loss of $2.4 billion in second-quarter 2009.
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| Tower Gains On Higher Revenues Posted: 10 Aug 2010 11:05 AM PDT Tower Group's (NASDAQ:TWGP) second quarter operating income of 57 cents per share was a penny ahead of the Zacks Consensus Estimate of 56 cents. Earnings dipped to almost the mid-guidance range of 55 cents to 60 cents. Results were aided by higher premiums earned. Tower earned 73 cents per share during the same period last year. Revenues of $311.8 million were way ahead of the Zacks Consensus Estimate of $284.0 million. On a year-over-year basis, revenues rose 22% led by an increase in premiums … [visit site to read more]
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| Posted: 10 Aug 2010 10:35 AM PDT Pall Corporation (NYSE:PLL) has been chosen to supply filtration systems for the Rolls-Royce aircraft engine for the Airbus A350 extra wide-bodied commercial aircraft.
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| Posted: 10 Aug 2010 10:35 AM PDT Spain's largest integrated oil and gas company Repsol YPF (NYSE:REP) yesterday filed its intent with Brazil's securities regulators to sell voting shares of its Brazilian unit through an IPO (initial public offer).
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| Posted: 10 Aug 2010 10:35 AM PDT Shire plc (NASDAQ:SHPGY) posted earnings of $1.03 per American Depositary Share (ADS) during the second quarter of 2010, beating the Zacks Consensus Estimate of 88 cents and the year-ago earnings of 60 cents per ADS. Improved revenues accounted for the increased earnings. Revenues Quarterly revenues increased 35% year over year to $849 million, well above the Zacks Consensus Estimate of $807.5 million. Increased product sales and higher royalties helped boost revenues. Product sales went up 37% … [visit site to read more]
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| Posted: 10 Aug 2010 10:35 AM PDT The largest offshore oil company in China, CNOOC Ltd. (NYSE:CEO), announced the commencement of its Bozhong (BZ) 19-4 (shallow formation) oil field production in the Bohai Bay, as part of its planned agenda for 2010.
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| Momenta Crashes A $100 Billion Industry… And Scores An 80% Boost Posted: 10 Aug 2010 10:00 AM PDT Chances are, you've never heard of this small Massachusetts-based biotech firm…
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| Confessions Of A Class Worrier Posted: 10 Aug 2010 09:53 AM PDT The decline of America's middle class can be charted directly. In the three decades after World War II, the median wage (smack in the middle) grew rapidly, right along with productivity gains. Even as late as 1980, the richest 1 percent of Americans received only about 9 percent of the nation's total income.
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