Monday, October 18, 2010

DailyMarkets.com - Cosi 3Q10 Same Store Sales Rise

DailyMarkets.com - Cosi 3Q10 Same Store Sales Rise

Cosi 3Q10 Same Store Sales Rise

Posted: 18 Oct 2010 12:05 PM PDT

Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, reported its third quarter 2010 sales results. Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, dipped 9.7% year over year to $27.1 million in the quarter.
 
This decline was due to the sale of 13 company-owned restaurants to a franchisee in second quarter 2010. As a result, company-operated restaurant sales tumbled 10.8% to $26.3 million, while franchise fees and royalty … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forest Labs: Earnings Preview

Posted: 18 Oct 2010 12:05 PM PDT

Forest Labs (NYSE:FRX) is set to announce its second quarter fiscal 2011 results on October 19. The Zacks Consensus Estimate is 93 cents, representing a year-over-year decline of 4.1%.
First Quarter Fiscal 2011 Highlights
Forest Labs reported strong earnings in the first quarter, beating the Zacks Consensus Estimate by 9 cents. Earnings came in at 95 cents a share. Strong Namenda sales, lower SG&A expenses and lower share count boosted earnings.
Total revenues increased 5.8% to $1.07 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Encouraging Data On Sanofi MS Drug

Posted: 18 Oct 2010 12:05 PM PDT

French pharmaceutical company, Sanofi-Aventis (NYSE:SNY) recently presented encouraging results on its multiple sclerosis (MS) candidate, teriflunomide. Results from a phase III randomized, double-blind, placebo-controlled study (TEMSO) showed that teriflunomide helped reduce annualized relapse rates by 31% compared to placebo.
 
The study evaluated two doses of teriflunomide – 7 mg and 14 mg. Sanofi said that treatment with teriflunomide helped reduce the risk of disability progression by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: St. Jude

Posted: 18 Oct 2010 11:45 AM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) is scheduled to report its third-quarter fiscal 2010 results before the market opens on Wednesday, October 20, 2010. In its second-quarter commentary, the company stated that it expects to post third-quarter earnings per share between 67 cents and 69 cents. Besides, based on the encouraging second-quarter results, it lifted earnings guidance for fiscal 2010 to $2.86-$2.91 from $2.80-$2.85.
 
With respect to earnings surprise, St. Jude made a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Onshore Activity Boosts Halliburton

Posted: 18 Oct 2010 11:35 AM PDT

Major oilfield services provider Halliburton Co. (HAL) reported better-than-anticipated third-quarter 2010 results. This was helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily exposed through its market-share-leading pressure-pumping business).
 
Earnings per share, excluding special items, came in at 58 cents, beating the Zacks Consensus Estimate of 56 cents and was comfortably ahead of the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IGT Downgraded To Underperform

Posted: 18 Oct 2010 11:35 AM PDT

We have downgraded International Game Technology Inc. (NYSE:IGT) to Underperform from our previous Neutral rating since replacements of gaming machines are likely to remain weak over the next year. We lower our price target to $13.00, indicating that the company would perform below the broader market.
 
Moreover, a continued lack of visibility for replacement demand,  impact of interest rates on Gaming margin, weak casino budgets and lower spending plans for 2010 have led analysts lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Stryker

Posted: 18 Oct 2010 11:35 AM PDT

Orthopedic devices major Stryker Corporation (NYSE:SYK) is slated to release its third-quarter fiscal 2010 results on Tuesday, October 19, 2010. Although the company has not released any official guidance for the third quarter, it envisages foreign currency exchange to drag net sales by 1% to 2% in the quarter. Despite concerns over its Orthopedic unit, Stryker remains confident about meeting its sales expectation for fiscal 2010.
 
The current Zacks Consensus Estimate for third-quarter is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Nokia Corp.

Posted: 18 Oct 2010 11:35 AM PDT

Nokia Corp.(NYSE:NOK) is trying a lot to establish itself as the market leader in the global smartphone segment. These include replacement of CEO, business restructuring, and introduction of new smartphones. However, the company is still unable to launch the product which will seize the market. Nokia will declare its third quarter 2010 financial results before opening bell on October 21, 2010.
Agreements of Analysts
In the last 30 days, out of the 25 analysts covering the stock, 3 have reduced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview Blog: CA Inc.

Posted: 18 Oct 2010 11:05 AM PDT

CA Inc. (NASDAQ:CA) is scheduled to announce its second quarter 2011 results on October 21, 2010, after market close, and we do not see too much variation in analyst estimates at this point.
 
First Quarter Overview
 
The company reported decent first quarter 2011 numbers, with earnings per share (EPS) of 53 cents exceeding the Zacks Consensus Estimate of 39 cents.
 
CA delivered $1.091 billion in revenues, up 5.0% from $1.044 billion reported in the year-ago quarter. Revenue growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MDT Advances With Its Valve Program

Posted: 18 Oct 2010 11:05 AM PDT

Medtronic (NYSE:MDT), one of the largest medical devices companies, has received conditional approval from the US Food and Drug Administration (FDA) for studying its CoreValve system for transcatheter aortic valve implantation (TAVI). The device is meant for patients suffering from symptomatic, severe aortic stenosis who are too weak to undergo open-heart surgery. The CoreValve system has been implanted in more than 12,000 patients outside the US since it received CE Mark approval in March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Henry Schein To Acquire Provet

Posted: 18 Oct 2010 11:05 AM PDT

Henry Schein (NASDAQ:HSIC) has decided to acquire Australia based Provet Holdings for approximately $91 million. Provet is the largest veterinary products distributor in Australia having $278 million in revenues for the fiscal year ended in June 2010. While the deal is expected to be neutral to 2011 EPS, it is expected to have a positive impact of 2-3 cents in 2012. The transaction is expected to close by the year-end.
Subsequent to the acquisition of Provet, Henry Schein will be able to target the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The U.S. Manipulating Dollar To Boost Exports?

Posted: 18 Oct 2010 10:57 AM PDT

From today’s WSJ article “Dollar’s Slide Opens Doors to U.S. Companies”:

“The slumping U.S. dollar is opening new sales opportunities abroad for American manufacturers…  Many U.S. companies—from coal miners to a producer of tugboat clutches—are seeing stronger demand in Europe and Asia as the weak dollar makes U.S. goods cheaper there. 

Economists say the dollar’s swoon, which started in mid-September following a summer rally, will provide a modest boost for U.S. exports, but … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Pares Gains, Euro Rebounds

Posted: 18 Oct 2010 10:48 AM PDT

10/18/10 The US dollar pared early gains following mixed economic data and growing speculaiton the Fe will ease its monetary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford To Cut Mazda Stake

Posted: 18 Oct 2010 10:35 AM PDT

Ford Motor Co. (NYSE:F) is likely to sell most of its remaining stake in Japan's Mazda Motor Corp. from 13% to less than 3% by the end of this year. According to an undisclosed source, Sumitomo Mitsui Bank – Mazda's main creditor – and other Japanese business partners of Mazda are in talks to buy the shares.
The partnership between Ford and Mazda began in 1979. Through the partnership, Ford intended to develop small and fuel-efficient cars using Mazda's technology while Mazda depended on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Misconceptions In The Great Bond Bubble Debate

Posted: 18 Oct 2010 10:08 AM PDT

Great article by Robert Huebscher of http://advisorperspectives.com. Reprinted with permission.
Interest rates, many claim, have bottomed, making bonds the latest asset class worthy of the dreaded "bubble" label.   Others counter that deflationary forces will prevail and that bonds offer the best risk-adjusted returns in the market.
Which side of this debate you take matters profoundly, but making that call is not simply a matter of predicting the direction of interest rates, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Perfect Storm

Posted: 18 Oct 2010 09:28 AM PDT

It's a perfect storm. And I'm not talking about the impending dangers facing Democrats. I'm talking about the dangers facing our democracy.
First, income in America is now more concentrated in fewer hands than it's been in 80 years. Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans.

The top one-tenth of one percent of Americans now earn as much as the bottom 120 million of us.

Who are these people? With the exception of a few … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment