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3 hours ago — SchaeffersResearch
The day ends on a rather ugly note as selling pressure dominated. Earlier we saw that the Nasdaq Composite (COMP) was the strongest of the broad market indices. That fact held true into the close, but the COMP still lost nearly 1%. The Dow Jones Industrial Average (DJIA) was the weakest with a...
4 hours ago — Zacks.com: Analyst Blog
Conexant Systems, Inc. (CNXT) reported Q3:FY08 revenues of $171.1 million and non-GAAP EPS of $0.04, which included results from the Broadband Media Processing segment (BMP). Excluding BMP, CNXT reported $115.6 million in revenues and $0.12 in non-GAAP EPS.
Before the earnings announcem...
4 hours ago — Zacks.com: Analyst Blog
Alpharma, Inc. (ALO) is focusing on establishing itself as a specialty pharmaceuticals company after the sale of its generics and active pharmaceutical ingredients business segments. We expect 2008 to be another transitional year for the company with earnings declining significantly mainl...
4 hours ago — SchaeffersResearch
After the close, trendy rubber-footwear manufacturer Crocs
(CROX:
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reported second-quarter net profit of $2.1 million, or 3 cents per share, down from $48.5 million, or 58 cents per share, a year earlier. Analysts were looking for a profit of 5 cents pe...
4 hours ago — Zacks.com: Analyst Blog
Hitachi, Ltd. (HIT) continues to make progress in implementing its management plan by cutting operating and fixed costs, and developing new cutting-edge products. On a Yen basis, we are expecting flat revenue for HIT.
With strong growth in the Information Telecommunication Systems, Pow...
5 hours ago — Zacks.com: Analyst Blog
Spectranetics Corporation (SPNC) reported Q2 EPS that were lower than our estimate by $0.02 on revenue that exceeded our forecast. We increased our FY08 revenue estimate and lowered our FY08 EPS estimate accordingly. The management again reiterated its FY08 guidance.
At its current price...
5 hours ago — SchaeffersResearch
Leave it to the music industry to throw a monkey wrench into an emerging technology that could improve music sales. Amid Warner Music Group's
(WMG:
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third-quarter earnings conference call, the company warned that it would cease licensing songs for music-b...
5 hours ago — Zacks.com: Analyst Blog
Allergan, Inc. (AGN) has been expanding into new therapeutic areas through acquisitions over the past few quarters. We believe these acquisitions will provide the company with the opportunity to drive growth in its existing business and to expand into new areas of business even in the fac...
5 hours ago — Zacks.com: Analyst Blog
Magellan Midstream Partners, L.P.'s (MMP) better-than-expected second-quarter 2008 earnings were driven by profits from commodity-related activities and strong performance from fee-based pipeline and terminal services, partly offset by decline in refined products transportation volumes.
...
6 hours ago — Zacks.com: Analyst Blog
Esterline Technologies Corp. (ESL) announced that Q3-08 EPS should be in the range of $0.55 to $0.60 because of the slippage in talks with the Canadian government regarding an RD proposal.
However, the company also reiterated its full-year EPS guidance in the range of $3.45 to $3.55, wi...
6 hours ago — Zacks.com: Analyst Blog
News Corp (NWS) has a solid global distribution platform with a clear focus on the television broadcasting and satellite sectors. The company has amassed a complementary asset mix, which underpins its ability to control both content and distribution of products. A growing presence in emer...
7 hours ago — Zacks.com: Analyst Blog
Anadigics, Inc. (ANAD) reported Q2:FY08 results, which topped our estimates, driven by stronger than anticipated growth in broadband. Revenues of $80.5 million, up 8% q/q and 49% y/y, exceeded our estimate of $78 million.
The management issued guidance for the September quarter of $0.10-...
7 hours ago — SchaeffersResearch
As the post below noted, semiconductor stocks are strong today. Digging into the sector shows a couple of interesting developments at Advanced Micro Devices, Inc. (AMD). For starters, the stock is up more than 7% today, making it one of the better performing names. However, a look the intraday ...
7 hours ago — SchaeffersResearch
Pioneer Drilling
(PDC:
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said today that its third-quarter net income climbed to $19.1 million, or 38 cents per share, while revenue rose to $152.5 million. Ahead of the report, analysts were expecting a profit of 29 cents per share. Additionally, the ...
7 hours ago — Zacks.com: Analyst Blog
Hartford Financial Services' (HIG) 2Q08 core earnings of $2.22 per share were $0.13 per share ahead of consensus. However, net income for the quarter was down 13.4% year-over-year due to realized capital losses. Assets under management grew 2.6% year-over-year.
Though HIG is expected to...
7 hours ago — SchaeffersResearch
We head into the second half of the session with another mixed market on our hands. (It feels like I have used that phrase a lot recently.) The S&P 500 (SPX) and Dow Jones Industrial Average (DJIA) are posting moderate losses while the Nasdaq Composite (COMP) sports a small gain. The Russell 200...
7 hours ago — Zacks.com: Analyst Blog
NovaMed Inc. (NOVA) is engaged in the operation of ambulatory surgery centers (ASCs) and the provision of optical products and services to eye-care professionals. The ASC model represents an alternative to acute hospital admission, which is attractive to both the payor in terms of cost an...
8 hours ago — Zacks.com: Analyst Blog
What are we to make of the rapid decline in oil prices from over $147 to under $120? I have been a long-time bull on oil and commodity prices, and a bear on the financials. Is this trade, which has been so profitable over the last few years finally over? Is it time to reverse course? I th...
8 hours ago — Zacks.com: Analyst Blog
Virgin Media, Inc. (VMED) is in the early stages of a turnaround, poised to generate strong free cash flow growth and improved EPS in 2009. A new management team is re-branding the services and rolling out digital services to stabilize average revenue per user (ARPU), reduce churn and slo...
8 hours ago — SchaeffersResearch
The price of crude is rebounding today, with oil and oil-related sectors finding themselves again in the top five performing sectors this afternoon. Black gold received a boost today from news of a protracted shutdown of the Baku-Tbilisi-Ceyhan oil pipeline, a section of which was damaged in a fi...
8 hours ago — SchaeffersResearch
Dynegy
(DYN:
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is dragging on the utilities sector after its second-quarter earnings release. The company swung to a loss of $272 million, or 32 cents per share. Excluding a $293-million after-tax loss and other one-time items, DYN broke even on a per-s...
9 hours ago — Zacks.com: Analyst Blog
As we expected, Priceline.com (PCLN) easily beat consensus estimates for the second quarter and raised its guidance for the second half of 2008. Even so PCLN shares sold off by more than 20% on the news. We expect the company to 'beat and guide higher' for the next few quarters.
The mark...
9 hours ago — SchaeffersResearch
As a cost-conscious parent, I do good deal of the shopping for the Fightmaster family at retailers the ilk of Target
(TGT:
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and Kohl's
(KSS:
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. Now, I am not a stockholder of either of these companies, but at times...
9 hours ago — SchaeffersResearch
Yesterday I noted some action in the biofuels area as shares of Verenium Corporation (VRNM) popped on heavy short interest. I was just looking over my quote screen and see that Pacific Ethanol Inc (PEIX) is now active.
Much like Verenium, Pacific Ethanol is a volatile, low-priced equity th...
9 hours ago — Zacks.com: Analyst Blog
Qiagen N.V. (QGEN), through its subsidiaries in Europe, Asia, Australia, Canada, and the U.S., operates in the life sciences industry with a portfolio of more than 500 products and automated solutions. Though the molecular diagnostic and research market offer enormous growth, the company ...