UST: UST Guides Up, But Still Falls Short of Expectations
By William Trent, CFA of Stock Market Beat
All Work
Douglas A. McIntyre
QCOM and NOK: Sound and Fury on the Conference Calls
From William Trent, CFA of Stock Market Beat We took a different approach with our preview of Qualcomm’s (QCOM) earnings report this week. Rather than guessing whether the company would beat earnings estimates, we…
Can Travelzoo make going to the zoo fun again?
Travelzoo is a great website and they have 11 million fans that feel the same way too. You don’t book tickets at Travelzoo.com, you click through to the travel provider for that. They don’t…
Final Earnings Preview Data on Microsoft (MSFT) Q3-07
Microsoft (MSFT-NASDAQ) reports after the close today. Street estimates for the software beast are $0.46 EPS & $13.89 Billion in revenues. The truth is that we can talk about guidance, we can talk about…
Comcast Results Bad For Telecoms
Comcast (CMCSA) had a break-out quarter. Net income rose 80% to $837 million. Revenue moved up 32% to $7.4 billion. Internet subscriptions rose 563,000, and VoIP customers moved up by 571,000, "nearly two-and-half times…
Level 3 Needs To Do More Than That
Level 3 Communications is a company that needs to beat and guide higher rather than "meet and reaffirm." This morning Level 3 is trading down about 3% in initial pre-market activity after posting -$0.15…
Pre-Market Stock News (APR 26, 2007)
(AAPL) Apple shares traded up 10% after beating earnings hand over fist.(ABI) Applied Bio $0.36 EPS vs $0.35e.(AEP) American Electric Power $0.68 EPS vs $0.71 estimates.(AET) Aetna indicated slightly after $0.81 EPS vs $0.77e.(AGIX)…
Earlybird Analyst Calls (APR 26, 2007)
AG raised to Mkt Perform at Wachovia.APU raised to Outperform at Wachovia.CHH raised to Outperform at CIBC.CNS raised to Buy at UBS.DOV raised to Buy at Deutsche Bank.EIC cut to Neutral at UBS.GGG cut…
Ford Drives Better Earnings
Wonder of wonders. Ford (F) had and increase of revenue from $40.8 billion in the first quarter a year ago to $43 billion this year. The company’s loss fell to $282 million from $1.4…
GE’s Dead Stock: A Board In A Bind
Jeff Immelt, GE’s (GE) CEO, recently said that he was "frustrated" by the performance of the company’s shares. According to The New York Times: "Shares of G.E. have declined 5.8 percent this year, while…
Europe Markets 4/26/2007
Markets in Europe were up modestly at 6.10 AM New York time. The FTSE rose .4% to 6,485. Barclays (BCS) was down .2% to 722.5. BP (BP) was down .3% to 570. BT (BT)…
Qualcomm: Concerns Continue
Qualcomm (QCOM) turned in some very impressive numbers. Net income rose 22% to $726 million. The company raised the high end of its fiscal year revenue forecast from $8.6 billion to $8.7 billion. According…
Is Apple’s Stock Peaking?
The quarter was a blow-out success. Revenue rose 20% to $5.26 billion, and gross margins hit 35%. The company said, however, that these margins could not be sustained. NAND flash and memory product costs…
Media Digest 4/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, ABN Amro (ABN) will open its books to the Royal Bank of Scotland and two other banks that have made a $98 billion bid. Reuters writes that Apple’s (AAPL) profits rose…
Asia Markets 4/16/2007
Markets in Asis rose sharply. The Nikkei was up 1.1% to 17,429. Canon (CAJ) was 1.5% to 6810. NTT (NTT) was up .8% to 602000. Softbank was down .6% to 2610. Sony (SNE) was…
Bausch & Lomb: Buyout Based On What?
From AAO Weblog
Sky-High Prices, Overrated Japan
From Investment Intelligencer
Millenco Disclosed a Number of New 5%+ Positions: EAR, VSTA, ORCH
From 13D Tracker
FRX – Forest Laboratories: Lexapro Maintains Market Share in Antidepressant Drug Market
We do not consider the reported loss for Q4 to be meaningful. This was expected; the charges relate to the acquisition of Cerexa. In January 2007, FRX acquired Cerexa for $494M in cash plus…
LMT – Lockheed Martin: Change in Accounting Procedure
The outlook for Lockheed Martin is stable. The US Defense budget is expected to rise a meager 14.3% over the next 4 years (from $439B in 2007 to $502B in 2011), roughly 3% a…