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We would not be surprised to see dramatic upward revisions in EPS guidance from management with only modest improvements in the economy.
1
positive
The endpoints for the trial will include 30-day MACE, 9month TLR, TVR and TVF, as well as 8-month angiographic and IVUS follow-up.
0
neutral
Norweb charges a fixed price to its customers whereas power prices fluctuate throughout the year typically peaking in the first and fourth quarters.
0
neutral
Within the General Markets group, the strategy will be to sell products however the customer requires -- either directly or through agents, resellers/dealers, retail, or telebusiness/E-business.
0
neutral
Meanwhile Gap is continuing to rationalize its store fleet.
0
neutral
However, technique and technology may help reduce peri-stent restenosis: Brian Firth, vice president, Medical Affairs and Health Economics Worldwide at Cordis, pointed out that proliferation around the stent edges is a phenomenon that occurs with bare metal stents quite regularly, however, its existence has been oversh...
0
neutral
The two write-offs would equate to ~20% of outstanding deposits at the end of 3Q06 and 1.4% of total equity.
0
neutral
On a geographic basis: * Sales in North America increased 9% (16% including currency, natural gas, and days effect) lower than 12% in 3Q:04 and 12% in 2Q:04.
1
positive
In addition, MO owns 84% of Kraft Foods Inc., the largest branded food and beverage company in the US, with a significant international presence as well.
1
positive
Those figures compare to previous estimates of $1.72 (admittedly high to begin with) and more than $2.8 billion.
0
neutral
Company Description: The Williams Companies, Inc. is divided into three major operating segments: Gas Pipeline, Energy Marketing & Trade, and Energy Services, which is made up of marketing and trading, exploration and production, and midstream services.
0
neutral
We are lowering our recommendation on Capital One to an Outperform from a Buy.
1
positive
MWV reported 4Q EPS of $0.36, below our $0.39 forecast and $0.02 behind the consensus of $0.38.
2
negative
We shaved off $5m from our F06 rev estimate given the slow start to the year but have growth ramping as F06 progresses.
1
positive
Thus, if the concept is to offer bundled long distance, local, video, and wireless solutions over a variety of transmission mediums, the two businesses probably cannot be separated for long.
0
neutral
Both our relative P/E and DCF models incorporate three market scenarios: bull, normal, and bear.
0
neutral
Our fair value estimate is roughly 25% above the current price..
1
positive
Using the estimated operating ratio of 79.2%, we arrive at a theoretical operating income of $1,122 million in 1999, $403 million higher than reported.
0
neutral
Retain Buy Opinion Despite what has turned out to be a poor winter for Campbell Soup, we nevertheless retain our BUY opinion based on a combination of valuation, pricing power vs. low demand elasticity, possible LT SAP benefits and upside in emerging markets, solid balance sheet (1.5x net debt/EBITDA).
1
positive
In 2003, GE enhanced its hydro position in China via the acquisition of 90% of Kvaerner Equipment, one of that country's leading suppliers of hydropower generation equipment.
0
neutral
We believe this is a reasonable assumption given the company's visible high-single-digit organic growth, active share repurchase program, and longer term mid-teens EPS growth rate..
1
positive
This is equal to the midpoint (25%) of all medical device stocks and all medical supply stocks in our universe.
0
neutral
We are modeling for flat sequential revenues for display advertising.
0
neutral
Second, the "WorldCom" network, which has used Cisco ATM products in the past, will continue to use Cisco ATM switches.
0
neutral
ED's valuation could be affected by the potential to pay damages in the NU lawsuit..
2
negative
On the topic of Barbie's "turnaround," his view is that while progress has been made, it is too early to declare all-out victory.
0
neutral
Management expects modest receivable growth in the second half and for charging volume to remain strong..
1
positive
The price point is currently $20 per month, or $0.20 per email, seemingly cheaper than PostCE.
0
neutral
The weekly TMAPTM analysis shows that RHI is in no trend..
0
neutral
Average earning assets increased 26.4% annualized linked quarter drove a 16.3% increase in net interest income.
1
positive
While too early to judge, but we did like what we saw.
1
positive
In total, gross profit of $9.5 billion handily exceeded our forecast of $9.02 billion.
1
positive
Management also reaffirmed their full year guidance of 2001 EPS 5%-10% below a year ago, implying a $2.72-$2.87 range.
0
neutral
In its Q4 '05 conference call and fleet status report this morning, RIG abruptly recalibrated the scale of top line and cost risks to its earnings growth outlook, revealing it has done a poor job of guiding expectations and rattling our confidence in management's handle on growth.
2
negative
Moving down the income statement, we believe that gross margin should be roughly flat over the coming years.
0
neutral
This was partially offset by a three day rise in days payable.
0
neutral
Currently, BBY's operating-margin rate is approximately 5.3%..
0
neutral
Customers include Barclays Bank, BMW, British Airways, Knight Ridder, Merck, and Target.
0
neutral
The next data points will come from a competitor conference being held in early June.
0
neutral
Although Eastman is a significant user of inexpensive coal to make products, it makes many of its products from oil and gas and therefore is sensitive to changes in hydrocarbon feedstock costs..
0
neutral
Valuation: Given the robust metal price environment we continue to value equity using a peak-cycle type approach.
1
positive
Accounts receivable increased to $1,552 million from $1,390 million last quarter (DSO's rose to 68 days from 59 days) and inventory rose slightly to $773 million from $763 million (inventory turns were essentially flat at 6.3 versus 6.4).
0
neutral
We believe it would take at least 4 to 5 years before this new smelter is complete and ready for production..
0
neutral
As a result, we expect the Company's operating metrics to remain sound over the next several years.
1
positive
Thus, we do not foresee the Internet significantly changing the back end of the payroll business.
0
neutral
The downside risk for Sanmina-SCI is that the new company chooses to work with.
2
negative
Current Barnett production is around 70 MMcfpd, with a year-end 2005 exit rate of 80 MMcfpd (50 MMcfpd average for 2005).
0
neutral
Although we believe the company will continue to generate impressive revenue and EPS growth over at least the next three to five years, the current 58% EPS growth trend is not sustainable.
1
positive
Amigal acts by binding to the -GAL enzyme responsible for Fabry disease and promotes proper folding, processing and trafficking of this enzyme from the endoplasmic reticulum to the lysosome, where it acts.
0
neutral
The segment consists of two divisions, the independent producer and the career agency divisions.
0
neutral
Gross margins declined -33bp y/y to 23.26% (vs. +9bp in Q2 LY), below our 23.54% (-5bp) estimate, due to in large part to markdowns (maintaining price leadership) and a merchandise mix shift (strength in lower-margin grocery and entertainment; weakness in higher-margin apparel and home).
2
negative
Risks: Risks specific to UPS to achieving our price target of $86 include the economy (both domestic and global), fuel prices (particularly jet fuel), a cyclical rotation out of the airfreight sector, impending risks of labor strikes by the pilots, union pressures from the Teamsters, and competitive pricing pressures i...
2
negative
While the clear majority of dealers had already moved to MSRP before this quarter, an increasing number of dealers are now waiving freight and set-up fees or throwing in parts & accessories to close a sale.
0
neutral
While we believe this guidance to be conservative, we also believe the company is concerned that the ramp-up of the new 4000XL product family could go slower than previously expected..
2
negative
Also,mSFA was chosen by CableLabs to help design and implement systems for the OpenCable interface initiatives; this should help stimulate deployment of digital products and applications.
1
positive
Of the $45m shortfall, approximately $10m is attributable to the fall-off in foundry revenue related to discontinued operations, with the remainder resulting from i) lower bookings from EMS customers (where inventory levels are still elevated), ii) seasonally lower builds by customers in the wireless, display and compu...
2
negative
Management expects to consolidate 4-8 branches and expects to convert the systems within 90 to 120 days of closing.
0
neutral
BK services nearly 1,500 pension fund clients in the U.K., providing custody for a quarter of U.K. pension assets.
0
neutral
o It also creates a key growth platform in the pulp & paper market and helps to immediately improve water technologies scale.
1
positive
n. U.S. light vehicle tire shipments rose by 7.4% in July (passenger car tires rose 8.9%, light truck tires declined 0.8%).
1
positive
The livelihood of any therapeutic company depends on drug development supported by a robust pipeline.
0
neutral
Based on our second quarter VA industry sales growth projection (down 1.5% sequentially), we estimate that HIG gained approximately 24 bps of market share in 2Q06 (from 8.3% in 1Q06 to 8.5%).
1
positive
Around 20% (off 18.0 million subscriber base) mid-teens % NA low to mid 20s% approximately $5.3 billion NA.
0
neutral
*** Yum issued a release after the close indicating that it does not anticipate a material impact on sales, profits or supplies from the avian flu.
0
neutral
Having made $3.1 billion in acquisition over the last four years, management indicated that this charge represented only 3% of the total purchase price for its acquisitions.
0
neutral
Second, Block announced that tax preparation customers in California will be offered refund anticipation loans (RALs) "at no additional cost".
0
neutral
Meanwhile, in inkjet printers, HP was able to counter sluggish industry growth with substantial market share gains from smaller competitors such as Lexmark and Epson, as scale became an increasingly important source of competitive advantage.
1
positive
We don't expect a significant improvement in this market in the near-term.
0
neutral
We think HD can continue to beat numbers this year.
1
positive
The company also pointed out record level demand for its titanium precision metal processing capabilities from the aerospace market.
1
positive
Importantly, given the performance over the last few quarters, management has lowered its target DSO range to the low 40's from its previous guidance of 44 to 46 days.
1
positive
Sealed Air presented at our 6th Annual Wrap-up Conference on May 6. The company's presentation was made by Dermot Dunphy, Chairman & CEO, Daniel Van Riper, Sr.
0
neutral
We will revisit our estimates; currently, our 2005 EPS projection is $1.92.
0
neutral
has helped to boost refining earnings, and this could continue in the second quarter..
1
positive
We look for multiple expansion as Goldman management delivers growth through its diverse business mix over a longer period of time.
1
positive
Currently, Con Ed is trading at approximately 7x our 2000 estimated EV/EBITDA and 1.3x EV/net PP&E.
0
neutral
Yet, while EchoStar may be behind in HD terms, we believe that its deeper relationship with AT&T, which has led to products like HomeZone, mitigate some of.
0
neutral
Spun-off remaining interest in Tronox to existing shareholders on March 30, 2006.
0
neutral
Capital structure Total debt as of 10/28/06 was $8.6B, down slightly from last quarter and down -26% (-$3.0B) from $11.6B in Q3:05.
1
positive
Today, the equivalent model, the Explorer 2200, probably sells for under $200.
0
neutral
Insurance regulation: China is developing a sophisticated regulatory regime very quickly.
0
neutral
TI is now expected to earn $3.01 during 1999 and $3.91 during 2000.
0
neutral
Better-than-expected revenue was aided by strong non-U.S. revenue growth of 21% (now representing 43% of total revenues) and strength in enterprise sales (+21%).
1
positive
We're encouraged by multiple actions IBM is taking to solve execution issues which it has clearly identified, and historically, investors have been rewarded by buying IBM when sentiment is weak and valuation is compelling (16% discount to S&P).
1
positive
Education was weak compared to our estimates but we note that the 1Q is seasonally the most insignificant by far.
2
negative
The real estate group provides first and second mortgages and home equity loans through centralized lending operations, in addition to, originating, securitizing, selling, and servicing fixed- and adjustable-rate loans secured by first and second mortgages.
0
neutral
Wachovia's earnings and/or share price could be negatively impacted by rapid changes in interest rates or a slower-than-expected rebound in the economy, which, among other things, could result in higher loan losses and/or slower loan growth than currently anticipated.
2
negative
Management already had targeted a $0.07 drag in Q3 and Q4 combined from currencies.
0
neutral
US Consumer Hurt the Most Gateway's U.S. consumer business, down 4% YoY, reflected weak consumer demand worldwide and an aggressive pricing environment.
2
negative
We are of the opinion that the real risk is that the Marsh brokerage customer walks.
2
negative
Since these items are substantially higher margin, the impact on Xerox's business model for the second half and for 1999 is materially positive.
1
positive
The expense ratio for Drive business remained relatively flat over the past three years.
0
neutral
Clinical trial costs should increase only slightly as the funding of new trials will be somewhat offset by the completion of ongoing trials.
0
neutral
WYE's target profile for the drug includes its use as an effective osteoporosis agent that is safe for the breast and uterus with little in the way of metabolic disturbances.
0
neutral
However, last year's second quarter did not include R&B Falcon, which was acquired on January 31, 2001.
0
neutral
The more things change, the more they remain the same.
0
neutral
The numbers are significant, a 15% capex to sales ratio (in line with peers) would cut projected free cash flow by some $500 m or nearly 30%.
2
negative
last night's earnings release, we believe there is still the potential for additional upside throughout the year..
1
positive
In our opinion, a recent decline in Scientific-Atlanta's share price has created an appealing entry point for investors.
1
positive
Forest Gets Top Specialty Pharma Billing At Conference.
0
neutral