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The company may also begin to set up its own sourcing offices in Hong Kong and key cities in China.
0
neutral
We recently initiated research coverage on a number of property-casualty insurance stocks that include the St.
0
neutral
If Thomas H. Lee and Bain Capital back out of the deal, Clear Channel could trade at a valuation similar to the radio/outdoor peer group at 10x 2008E oibda.
0
neutral
We are comfortable w/our est's & our channel checks indicate biz conditions have been more steady & predictable, making it easier for JBL to execute & forecast its biz.
1
positive
The Office Solutions segment continued its sluggish performance, growing the top line by only about 3% during the first quarter.
2
negative
While ITW has a large capacity to do a big deal, management has refrained from pursuing large acquisitions due to an apparent lack of higher quality candidates.
0
neutral
The Cartoon Network posted the strongest quarter in its history in terms of delivery of households in kids aged 2-11 and 6-11.
1
positive
Sprint emphasized the advantage created by the combination of wireless (the growth engine of the company) and the LD backbone which enables Sprint to have low costs for traffic and the unlimited LD strategy.
0
neutral
Admittedly, Wrigley trades with very rich valuation, however, this has always been true, as Wrigley has consistently outperformed its peers in the broader large cap food-manufacturing universe.
1
positive
Our 2005e EPS increases by $0.05 to reflect the flow through of slightly better business in 2004.
1
positive
Another relationship that bank management tracks is the average spread between revenue and expense growth.
0
neutral
April appears to be shaping up similar to January/February, which saw advertising growth in the 2-3% range.
0
neutral
PEP's geographic and product diversification provide great flexibility, its international business remains very strong, and in our opinion has a lot of room left to grow.
1
positive
In addition to conventional activity in the Wind River basin, Devon is evaluating a coalbed methane pilot program at the Beaver Creek unit.
0
neutral
Bristol and Sanofi are prohibited from seeking a temporary restraining order or a preliminary injunction until five days after Apotex has launched generic clopidogrel.
0
neutral
During the l999-2000 broadcast season, WB Network expanded its prime-time programming to six nights.
0
neutral
At those levels, we'd tend to be very aggressive in buying shares.
1
positive
TV revenue and cash flow are expected to be up 3% and 6%, respectively, in 2001.
1
positive
Additionally, following the $20 billion capital raise, we believe AIG's capital position is adequate for now.
1
positive
Each course of therapy consisted of 12-weekly IV injections followed by a 12-week observation period.
0
neutral
We are also maintaining our EPS estimate for 2005.
0
neutral
Revenues totaled $242 million, slightly exceeding our $237 million estimate (consensus = $238 million).
1
positive
In 1999, nearly all of the fee increases were offset by higher costs for the Sunday night NFL games.
2
negative
The company also provided more detail on quarterly EPS and comp-store sales in FY2005, all of which were consistent with our current assumptions.
0
neutral
The items included in the net gain were: β”œΒ»β”¬β”β”¬β•œ an after-tax charge of $8 million ($0.07 per share) associated with an asset impairment in the space and defense segment; β”œΒ»β”¬β”β”¬β•œ an after-tax gain of $109 million ($0.87 per share) associated with the sale of RFMD stock in the space and defense segment; β”œΒ»β”¬β”β”¬β•œ an after-ta...
0
neutral
However, management feels that until the refineries/other assets are sold and the EM&T business is resolved in some manner, not much progress can be made.
2
negative
*** Darden repurchased 1.7 million shares in the quarter, and has 22.7 million remaining on its current authorization.
0
neutral
In another words, the agency is asking, if the patients with renal insufficiency take phosphate binder, is the drug going to delay their disease progression to the stage that they will be on dialysis? We think there is little direct clinical evidence to answer this question, but Genzyme and Fresenius will argue the ans...
0
neutral
A decision is expected on this project in 2008 but we are expecting that it will not receive the go-ahead..
0
neutral
Our December estimate represents a 16% decline in attendance at Walt Disney World from the December quarter two years ago, versus a two-year decline of 21%, 17%, 18% and 17% for F1Q F4Q of this year..
2
negative
The drop came amidst allegations that the company destroyed documents related to a wrongful death lawsuit involving tire tread separation in which four people were killed.
2
negative
Ryder's two primary divisions (RTS, 55% of revenue) and Logistics (30%) continue to struggle with near-term cost issues.
2
negative
The company plans to divest Dominion Capital pursuant to regulatory agreements reached as part of its merger with CNG.
0
neutral
n Accelerating revenue and EPS growth Our model forecasts year-over-year revenue growth accelerating from 7.0% in 1Q00 and 12.6% in 2Q to 20.2% in 3Q, and 23.7% in 4Q.
1
positive
Declines in switched access lines in line as the rate of wholesale migration to UNE-P remains in check.
0
neutral
Figure 1. Q3 2007 Aggregate Earnings Reconciliation ($ in millions, except per share amounts).
0
neutral
Securities commissions and trading income were down 11% sequentially and 14% year-over-year.
2
negative
Allergan reported 2Q05 EPS (excluding one-time items) of $0.78 (up 24% year over year), $0.03 better than our forecast and the consensus estimate of $0.75.
1
positive
Consumer sales continue to be robust and UNIX businesses are growing again due to the successful integration of the Digital business.
1
positive
All of these releases, for which we have high expectations, should contribute to market share gains by the company, making up for some lost ground in the first half of the year.
1
positive
Source: S&L Services The drag on earnings from PFS will most likely come from a lower absolute Receivables portfolio, and a lower Net Interest Margin.
2
negative
CDP is an add-in sale into existing IT environments it makes continuous copies of files from production servers to disk on the CDP-server, which is then backed up to tape.
0
neutral
Preliminary Earnings: El Paso reported 1Q'05 EPS of $0.17 per share.
0
neutral
Pegasus uses the technology in over 36 power plants worldwide.
0
neutral
Overall, revenue visibility improved in the second quarter with underlying ad revenues up 6.1% vs. Q1 growth of 3.3%.
1
positive
Without asking for additional fees, the company is able to provide, as part of its disability contract, access to employee assistance programs, rehabilitation services and return-to-work programs.
0
neutral
Since 1994, CMCSK has increased its homes passed and its basic cable subscribers by 8% annually, principally through acquisitions.
0
neutral
We believe the sharp linked-quarter increase in earnings of more than 50% unannualized in the fourth quarter primarily reflects higher securitization gains.
1
positive
This most recent visit left us with the impression, however, that the protracted `plateau' is finally nearing an end.
0
neutral
He was put into place to address cost and program initiative issues.
0
neutral
Broadline sales were up by 3.8% to $4.6 billion; while, Sygma (Sysco's chain business) sales increased by 10.5% to $648.9 million..
1
positive
On a price to NAV basis, AIMCO currently trades at about 95.7% of our updated 4Q 2006 NAV estimate ($65.19), a 21.4% discount to its peers.
0
neutral
Pileggi served as president of the electrical products business at TNB.
0
neutral
Recent sale of fibers has reduced DD's petroleum intensity in half, and catalyzed restructuring program with $0.90/sh.
0
neutral
LEH is currently trading at 1.85 times book value per share of $32.47 (as of February 28, 2002).
0
neutral
The foreign exchange businesses of Salomon Smith Barney and Citibank will be combined and run by Guy Whittaker (reporting to Julian Simmonds).
0
neutral
We rate WorldCom Buy, and our 12-month price target is $52 per share based on a 25-30x estimate on an average of four quarter forward cash and GAAP EPS estimates plus $2 per share for the entity that will hold the consumer and wholesale units.
1
positive
DB's copper estimates are now US$3.23/lb for 2008 (-7% vs. prior US$3.47/lb), US$1.89/lb for 2009 (-37% vs. US$3.01/lb), and US$2.15/lb for 2010 (-31% vs. US$3.10/lb), given DB's view of a global economic downturn in 2009 (i.e., recession in major industrial economies and global growth at low 1.2%) and stabilization in...
0
neutral
Given the ongoing pricing erosion for both DRAM and NAND (which we had not expected) through Micron's August quarter, we are lowering our revenue and EPS estimates for the August quarter and FY2008.
2
negative
seems focused on a more proactive business development and performance culture, which we view as a major shift.
0
neutral
Hot-air oven catalysts for emission reduction, flameless cooking stoves, fire & combustion hazard reduction.
0
neutral
Importantly, UTC noted these are sticking and should comfortably allow the company to more than fully offset higher input costs during 2H06.
1
positive
Our price target is based on a diversified utility average P/E of 13.7 applied to our 2008 EPS estimate of $5.82.
0
neutral
Based in California, INS is a major provider of network consulting software and services to both carriers and enterprises.
0
neutral
Freeport Debt Structure as of December 31, 2002, Totaling $2.49 Billion ($ in millions).
0
neutral
We expect enterprise spending on Internet infrastructure to accelerate as corporations seek to shift an increasing portion of their business processes to the Internet to gain efficiencies.
1
positive
As well, the onset of key projects can always be delayed, just as maintenance turnarounds can put production targets at risk.
2
negative
Collectibles, Mexx Europe, DKNY, new launches, and more recently acquired prAna and Mac & Jac were positive.
1
positive
Net interest income: Net interest income declined a greater than expected 8% unannualized due to a larger than expected 26bp decline in the net interest margin.
2
negative
(In calculating the gain, consider that the unit had $175 million of capital, $75 million of which will be dividended back to the bank preclosing.).
0
neutral
With these issues behind them management expects no disruptions in 2Q00 operations and plans to lure back passengers with fare promotions.
1
positive
disappointing performance in the QTL royalty segment.
2
negative
Figure 3: September revenue comparison (actual vs. DB forecast).
0
neutral
Food costs should become more benign during 2006 as beef cost pressures wane both domestically and in Europe.
0
neutral
Conclusion: This quarter confirmed our belief that BSX was in need of a major makeover as a standalone entity as new product introductions have been pushed out.
2
negative
With most of the risk of loss mitigated by the licensed nature of most of the international operations, we believe the key risk relates to below-forecast earnings.
2
negative
This caused a 4% negative impact on companywide sales.
2
negative
On Wednesday, August 7, Citigroup is expected to begin trading "ex-distribution".
0
neutral
If its goals are achieved, earnings growth over the next several years could exceed our 15% estimate.
1
positive
development endeavor in the history of the software industry, and the company is pursuing a dual-mode strategy of continuing to support and extend disparate application brands (e.g., E-Business Suite, PeopleSoft, J.D.
0
neutral
Damage to management credibility is mitigated, in our view, by the fact that outside actuary gave XL a clean bill as of yearend 2004.
1
positive
Initial bankruptcy filings have averaged 26,000 during the preceding four-week period, and our estimate for 20% growth in filings in 2001 would assume that filings average 27,350 for the rest of 2001.
0
neutral
In addition, Mercury will report recurring amortization charges of $3-$4 million per quarter.
0
neutral
Medco has reported a drug trend of 7.9% in the 9 months to date, and over the past five years, has substantially outperformed the national average.
1
positive
DRI continues to anticipate a 2% to 4% same store sales increase at both Red Lobster and Olive Garden (OG) for the year.
1
positive
Consensus expectations as of October 16, 2006 for FY07 were EPS of $3.68 on sales of $10.32 billion.
0
neutral
With the exception of Chairman and CEO Bill Wise, all of El Paso's directors are independent outside directors.
0
neutral
Kellogg keeps uptrading shelf space to higher profitability products, and the bottom line keeps feeling the benefits.
1
positive
Expenses increased 18%, largely attributable to $67 million in higher P&A costs y/y from the release of Transformers (July 3rd) and the home video releases of Charlotte's Web and Dreamgirls.
0
neutral
β”œΒ»β”¬β”β”¬β•œ We are also lowering our 2003 EPS estimate to $3.85 from $4.00 to reflect the announcement that the company has sold 14.7 million shares of common stock.
2
negative
PMSI PMSI posted disappointing results once again, and absorbed upside generated by better distribution margins.
2
negative
Marine Systems margins should continue to improve through 2008 as General Dynamics is focused on improving efficiency at all three of its major shipyards.
1
positive
KG has been unable to reinvigorate recently acquired products.
2
negative
The investment converts into 26 million common shares at $19.25 per share.
0
neutral
Gilead is conducting two large Phase III trials of Darusentan in resistant hypertension.
0
neutral
As such, we are maintaining our OUTPERFORM investment rating and a conservative $50 price target (15x our 2004 estimate), representing nearly 30% upside from current levels..
1
positive
Organic growth was broadbased although some segments outperformed others and again some businesses had easier comparisons than others.
1
positive
The companies should also benefit from investors gaining confidence in both managements' ability to actively manage through looming patent issues.
1
positive
Another critical component of the Growth piece of the Wal-Mart strategy is organic growth.
1
positive
On a year-over-year basis, U.S. listings increased 46%, whereas international listings increased 144% Y/Y.
1
positive