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In addition, the firm saw its new unit, CyberCorp, rack up 18,000 DART from its extremely active day-trader clientele, though these are of course far lower commission-per-trade generators.
0
neutral
The company expects organic consumer sales to grow 3%-5% going forward, with a 2%-3% category increase and 1%-3% from new products, better marketing, and more efficient promotion..
1
positive
There probably is some upside to consensus, and our estimates, given the fact that.
1
positive
In turn, these forecasts help to determine the amount of revenue and profit EDS recognizes on these contracts after they have passed the startup transitional phase.
0
neutral
Fitch Comments on Ford and GM Outlooks Fitch Ratings-Chicago-07 May 2008: Fitch Ratings has published the following comments regarding its Outlooks for Ford and General Motors (GM) following their first quarter (Q1) earnings.
0
neutral
The specialty side of the business performed impressively as well, with sales rising 30%, to $201 million.
1
positive
In addition, losses from the micromachining business should narrow over the next few quarters, and pricing pressures are likely to ease as the chip market begins to grow again.
1
positive
Risks: Deterioration in IT spending; Networking spending decreasing as a percentage of IT expenditures; Pressure on operating margins resulting from increased competition; Disruption in organization of top-level management..
2
negative
Exhibit 4 compares Citi's non-U.S. presence to a peer group of major investment banks..
0
neutral
This should enable the company to post a low double digit operating margin on modest (low single digit) revenue growth in 2004.
1
positive
It amounted to a mere $0.11 per share, a little less than one week's earnings, and 1/300th of FNM's $30 book value at year-end 2003.
0
neutral
We further believe that The Street does not fully believe or understand this phenomenon and that this new news could have a meaningful impact on both membership growth/earnings and multiple.
0
neutral
The company reported DSL revenue exceeded direct costs during the period..
1
positive
1. 2. 3. 4. 5. Cisco reported a blowout quarter, raising estimates Strong growth in all four geographic theaters, especially in Asia Enterprise business strong, benefiting from convergence of voice and data Optical and wireless strategies on track Don Listwin, executive VP, leaving to become CEO of the merging Phone.co...
1
positive
Days sales outstanding increased slightly in the third quarter to 59 days, up from 55 days in the prior quarter.
0
neutral
Consumer and small business grew 3.4% YOY, driven by wireless (up 67.8%) to $200mn, while in-region DSL grew 80%.
1
positive
The gross margin was down 30 basis points sequentially to 64.7%, and we estimate it would have been down 40 basis points sequentially without the inclusion of the Geotel acquisition.
2
negative
WIZARD is a two-year trial of once-weekly Zithromax administered for 12 weeks with an endpoint of coronary artery disease.
0
neutral
There are essentially two classes of drugs available to treat BPH: anti-androgens (Proscar) and alpha blockers (Boehringer Ingelheim' Flomax, Abbott' Hytrin, and Pfizer' Cardura).
0
neutral
Given the opportunities associated with the core payroll market and the ancillary services initiatives, we believe that Paychex can sustain strong growth, longer-term.
1
positive
The FPA sued for peace after steps were taken, and more extensive plans were formulated (or so the pilots came to believe), that would have dramatically altered the company's worldwide air cargo network.
0
neutral
We also believe our valuation is reasonable when compared to BVSN' competition in the s CRM space.
0
neutral
The primary drivers of the year over year results were higher revenues from improving volumes and customer wins, with solid domestic volumes and above average volume gains in Europe.
1
positive
Foreign Exchange - As highlighted above foreign currency will positively impact earnings for the quarter.
1
positive
Operating trends remain healthy, and we remain excited about Kroger's prospects to expand its operating margin and its bottom-line results..
1
positive
Historically, the P/E has typically ranged between 15X and 59X.
0
neutral
The spine, or vertebral column, serves several very important functions.
0
neutral
Olesen's view, further disappointments regarding the troubled Navy Marine Corps Intranet (NMCI) contract announced on last week's earnings call (including the $559M charge and contract restructuring which will sacrifice about $1B in previously expected free cash flow between 2004-2007) are likely to result in single-no...
2
negative
Cisco's shares currently trade at 22 times our C2005E EPS estimate of $0.92.
0
neutral
Our 12-month 2001 target price of $55 is calculated from our differential growth expectations and assumes a P/E of 42.2 times our 2001 EPS estimate..
1
positive
Effective April 2, we are assuming coverage of Jabil Circuits, Inc., from Kalpesh Kapadia.
0
neutral
Figure 2: Revenue Detail Vs. Our Estimates ($ millions).
0
neutral
At 14X EV/free cash, the stock is trading at a clear discount to its peers and well below our DCF valuation..
1
positive
Buying a system for a friend or sticking it under the Christmas tree suddenly looked like a stroke of genius.
0
neutral
Truck sales accounted for 59.2% of total segment sales in the quarter versus 56.9% a year ago.
0
neutral
FD has has traded within a range of a 28-91% relative multiple to the market over the past ten years and on average of 61% of the market.
0
neutral
Q3 2006 book/bill was a solid 1.08x, led by Missile Systems.
1
positive
At $48, the stock is still not inexpensive, trading at 19x our revised 2004 EPS estimate of $2.57.
1
positive
Estimated 1996 U.S. PVD Incidence: Population which is Asymptomatic: Untreated Treated Population Symptomatic: Population Symptomatic: Treatment Regimens: 10 5 3.75 -1.25 360,000 340,000 $5,000 300,000 150,000.
0
neutral
Phase III US data for Simdax (REVIVE II) hit its primary end-point of symptomatic relief, but included several safety issues of concern including hypotension, ventricular tachycardia, atrial fibrillation, and higher mortality.
2
negative
The major risks to achieving our EPS estimates include the following: (1) a general decline in the economic environment, (2) stagnation or declining loan growth, or (3) a decline in interest rates or a rapid acceleration in interest rates.
2
negative
The data points we see suggest the retail environment, especially in Europe, is not getting any easier.
0
neutral
We foresee little chance of upside to consensus estimates.
2
negative
With G now aggressively managing the price gaps, share has crept up to 42%.
1
positive
On the product front, the company plans to introduce additional value-oriented sales builders (along the lines of Why Pay More, P'zone and Mia), add relevant new products (i.e., grilled chicken, breakfast and beverage platforms) and expand on recent launches (i.e., Fruitista Freeze and Tuscani pastas).
0
neutral
Capital management staying the course in 2006 FCX generated operating cash flows totaling $669.5m during 4Q05 and $1.55b for 2005.
0
neutral
Still, many predict Microsoft will get much more sympathetic hearing from appeals courts and, in the meantime, will be able to introduce new products without restrictions 3. .
1
positive
GDT put forward a worldwide ICD market figure of $2.6 B in 2002, which squares reasonably well with our $2.55 B estimate.
0
neutral
This can be seen from the following chart of industrial production and power tools between 1997 and 2002 which clearly shows a relationship between the two variables albeit an inexact one.
0
neutral
Figure 9: Dow Chemical Balance Sheet, 2004-2008E ($ in millions).
0
neutral
We believe Xerox is vulnerable in these segments as it only has analog product offerings to go up against the Japanese digital offerings.
2
negative
Due to effective expense control and the favorable impact of generics on gross margin, the company has been able to grow net income at an even better 15% CAGR during that same period.
1
positive
A key assumption that we are using is GM does not pay hourly compensation and healthcare benefits during the strike, which we estimate would save the company about $1.6 billion per quarter.
0
neutral
Reminder that our current estimates on First Call are based on S&P 500 ending 2008 at roughly 870 level.
0
neutral
Depletion of Jim Beam has been in line with shipments, indicating that inventories are not building up and strong demand should continue.
1
positive
Management feels that its optimal net premiums written to surplus underwriting ratio is 3 times.
0
neutral
The biggest single change was the addition of $400 million in Concerta revenues in both years as we now expect the drug to remain exclusive to JNJ over that time frame.
1
positive
Year EPS (CSFB adj., US$) Nike, Inc. designs and markets athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.
0
neutral
As well, STT's move into higher yielding assets is helping, with the yield on the securities portfolio up 35 bps q/q and 119 bps y/y.
1
positive
In Broadcasting, McGraw-Hill maintained or improved share in all four of its markets (Indianapolis, Denver, San Diego and Bakersfield) in 1Q01.
1
positive
Once it is approved in France, it would roll out to other countries in Europe.
0
neutral
In order to do this, management has said that it will maintain pricing by not replacing terminated underpriced business with new underpriced business.
0
neutral
Tenet has locked in outsourcing contracts for three years at a fixed price, and removed the inflation component.
1
positive
This competition appears to be led by direct-response insurers, which forgo the use of agents, such as GEICO, and commercial lines property-casualty insurers, which have placed greater emphasis on personal lines because of the depth of commercial lines pressures.
0
neutral
Third, it enables Dell to systematically tailor its approach when entering new markets, allowing Dell to expand profitably.
1
positive
FD is cautiously optimistic about 4Q05 given the pick-up it experienced in seasonal merchandise at the end of October once the weather cooled.
1
positive
Gross accretion is $0.44, leaving plenty of room for cost pressures from a spin of local.
1
positive
In addition, Lilly has a host of products to reinforce its diabetes franchise.
1
positive
Our FY09 FCF estimate increases to $9.8 billion from $8.9 billion..
1
positive
While we do believe a continued semiconductor rally is plausible into the first part of 2005, supportive of our modest overweight position on the group, we believe the risk reward profile of Intel is more sensible at these levels.
1
positive
Bright Future for LSI, Reiterate Strong Buy and $100 Price Target.
1
positive
By comparison, the average price-to-book multiple for investment banks and multinational banks as a group is 1.68.
0
neutral
As Torisel is the third renal cell cancer drug approved in as many years, we are not optimistic about the competitive landscape facing the product.
2
negative
Composite greencoffee prices, according to the International Coffee Organization, fell 6% versus F3Q01 and follows a 37% decline in the year-ago quarter.
2
negative
Excluding special gains and tax benefits but including $0.02 dilution from the Ecovation and MicroTek acquisitions, Ecolab reported Q2 earnings of $0.47, in line with consensus and $0.01 above our estimate.
1
positive
It has additional indications in the EU for treatment of graft-versus-host disease (GVHD) in bone marrow transplantation and for treatment of severe aplastic anemia.
0
neutral
However, we would classify the quarter as below expectations, as significant incremental land sales ($0.35 per share) accounted for more than the upside surprise, offsetting higher SG&A costs in domestic homebuilding.
2
negative
RSH remains the place to go for replacement parts, accessories, and wireless phones, all of which remain strategic growth opportunities over the next two years.
1
positive
the courage of our convictions, and have lowered our 2002 EPS estimate from $2.75 to $2.25.
2
negative
We believe this should support pent up demand when the economy and capital spending improve.
1
positive
Quarter strengthens our conviction on 2000 estimates, but doesn't cause us to raise them.
0
neutral
We estimate US Fabrazyme sales represent a modest percentage of total revenue for Genzyme near term, and the ultimate US and European market potential for the drug is roughly $200-250 million.
0
neutral
Retail Store Automation provides self service check-out and point-of-sale scanning systems to improve store operating efficiencies.
1
positive
We are particularly encouraged by Clorox's targets for sales growth (9% annually), operating margin expansion (80-130 basis points annually), capital spending programs, and improving working capital efficiency.
1
positive
Also, while there are always changing operational and competitive dynamics that affect all companies' businesses, in the case of 3M, some risks that have recently caught investors' attention include: (a) emergence of new competitors entering some of 3M's highest margin businesses with comparable but cheaper products, p...
2
negative
(For detailed quarterly analysis and yearly estimates, please refer to Exhibits 1 and 2.) The company's Neurological and Diabetes sales increased 11% (9.5% FX neutral) to $408 million -- $17 million below our estimate.
2
negative
As previously mentioned, we have lowered our U.S. cable network advertising growth estimate to 5.5% from 6.5%.
2
negative
We assume 6.4% US advertising growth in 2005, incorporating TV station advertising growth of 1.5%..
0
neutral
Five-Acre Pilot Appears Promising: In addition to growth opportunities associated with the SEIS, Pinedale production could also benefit from down-spacing.
1
positive
EOG increased their drilling activity substantially in 2005 as they drilled 208 net wells after initiating the play in 2004.
1
positive
Multiple Sclerosis market continues to be highly competitive, a negative for Avonex.
2
negative
The company's growth is expected to be driven primarily by its wireless segment (about 30% of semiconductor revenues), though certain smaller segments (broadband access, automotive and digital consumer), are all expected to show healthy growth.
1
positive
Prevacid sales increased 12% to $709 million, about $118 million higher than our estimate as rebate reversals have positively impacted Q4 results.
1
positive
But we increased our fiscal 3Q01 estimate for Investment Services, assuming seasonal (and other) improvement.
1
positive
We have raised our 2001 EPS estimates to $1.30.
1
positive
The shortfall was due to higher raw material costs which reduced earnings by $0.23 versus an initial expectation of $0.12-$0.15.
2
negative
Moody's cannot envision a combined rate and spread scenario.
0
neutral
Liquidity incl. $393m of cash and $592m of capacity on $650m facility (also $200m remaining on existing equity/debt shelf).
0
neutral
Consumer revenues of $315mm were up 63% y/y, beating our $301mm forecast.
1
positive
First Chicago NBD (FCN): First Chicago National Bank (FCNB), the predecessor to FCN, was evidently really the first, opening for business on July 1, 1863, the same day that the Union and Confederate armies arrived at Gettysburg.
0
neutral