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With a full supply of PROMUS from Abbott, Boston is attempting to capture as much share in the PROMUS/XIENCE battle as possible.
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ACE provides the best near term opportunity among insurance stocks due to the recent selloff as a result of the deletion of the company from the S&P 500 and possible deletion from the Russell 1000 indices that led to an estimated sale of 47 mn shares.
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positive
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o In this scenario, we project '08 EPS of $4.27 vs $4.13 in our current model and consensus of $3.84.
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neutral
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Review of Merger Documents, Moving Rating In-Line with that of HSBC (Hold).
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neutral
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Moreover, the spread between yields and cost trends currently does not allow for margin improvement, and we question how much the spread might be able to increase in 2005.
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negative
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We do not factor in any cash re-investment into our model, and simply assume a de-leveraging of the balance sheet going forward, based on the current portfolio of assets.
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neutral
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UNE-P lines dropped in 2Q05 by 234k vs. our estimates of 175k.
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βΒ»β¬ββ¬β The company expects the fiscal third quarter to be very much in line with the second quarter.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Leica Microsystems Core sales were up low double digits, driven by confocal microscopes and pathology diagnostic products, with several new products launched in the quarter.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Adjusting model and estimates slightly for accelerated charges, option expense We have adjusted our model for change in restructuring program, which has no impact on pro forma EPS (but does hit cash flow) since charges are excluded.
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neutral
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We believe that this demonstrates a lower risk profile compared to FNM.
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While management expects additional inbound roaming revenue to offset some of the decline, the severity of the decline still hampers revenue growth.
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negative
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We believe that the negative earnings forecast of management in September for the second half of 2004 and early 2005, will soon be followed by a recovery.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Average new customer ASP for all products was up $477K from $430K last quarter.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Oxytrol's most prevalent side effect with application site puritis (itching) which was 16.8% versus 6.1% for placebo and 14% versus 4.3% for placebo in studies 1 and 2. Most of the puritis was mild or moderate with severe application site reactions reported in 6.4% and 5.0% in studies 1 and 2. No patient on Oxytrol discontinued the clinical trials due to dry mouth.
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neutral
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It is worth noting that Lowe's books the third-party labor associated with an installation sale into its sales line with a modest mark-up, and records a corresponding cost of goods sold.
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neutral
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In addition, the article also suggested that the release of the 1-year data would not occur until the 3month follow-up period for the 2-year AFFIRM trial is complete.
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Areas of weakness in Europe include ag machinery and machine tools.
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Same-store admissions increased 4.3%, versus our estimate of 2.5%, while inpatient revenue per admission increased a strong 9.2%, essentially in line with our estimate.
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The capital support agreements (CSAs) resulted in a charge of $90.1M ($0.64) to F1Q09 EPS, in addition to $64.5M ($0.45) of charges from further mark-to-market losses in assets which have previously been supported.
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06 March 2007 Americas/United States Equity Research Major Pharmaceuticals / MARKET WEIGHT.
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The Company pre-released data on 1Q07 reserves and expected combined ratio on April 12, 2007.
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neutral
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Moreover, the conversion rate increased from 9% to 10%, creating an increase in gross sales of nearly 12% on a year-over-year basis.
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As a result, our earnings estimates are relatively high compared to other analysts which include these charges in operating earnings.
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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The OEM simply has to attach the module to the vehicle.
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neutral
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As recently as January, the outlook had been for over $7.3 billion, but demand has collapsed among service providers (had been 40% of base, down 40% sequentially) and has weakened considerably in the enterprise base (down 20%) and overseas.
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Alcoa continues to maintain a disciplined focus on costs and is arguably trying to reposition its downstream businesses, away from the US, to benefit from increasing Asian demand and to capture lower manufacturing costs..
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positive
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We expect the transaction to be modestly dilutive to Knight-Ridder's 2001 EPS (roughly $0.08) while having little or no impact on Tribune's EPS.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We expect to see a modest sequential decline in margins in the fourth quarter owing to seasonality..
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Relatively robust growth in existing home sales continues to support the Indicator.
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Alprazolam sales were roughly $877 million in 2000, 85% of which was generic.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Phase 1 of the Ulysses pan-European cable connecting London, Amsterdam, Brussels and Paris is now operational.
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neutral
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Using our 2007 EBITDA estimates for the Wendy's stub, this translates to 9.5x EV/EBITDA.
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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AOL services that would now be free of charge include instant messaging, parental controls, anti-spyware and spam-filtering software, access to AOL's community, and AOL Video.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Return on capital for 2003 fell to 12.8% from 13.4% -- Praxair estimates that the purchase of leased assets and higher tax rate accounted for 50 bp of the decline..
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This program should allow the company to boost home improvement revenues, while tracking/promoting potential transactions from lead origination through final installation.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Implications: Our analysis suggests that were the company to provide greater insight into the business, this would help rebuild confidence with investors and highlight the unrealized value we identify.
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positive
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As a result, our analysis suggests that the best solution for shareholders appears to be to sell the Canadian and international operations and use the cash to buy back shares and/or grow the US business further.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Fuel and purchased power costs remain high, which PNW expects to be in the $830MM range in FY 2006, $54 million above the cap recently removed by the ACC (Please see our note, "The Marathon of ACC Meetings", dated 1/26/06)..
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For the first six months of 1999, AXP earned $2.67 per share compared with $2.35 a year earlier.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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The segment has already been under pressure due to having been on allocation for at least two years on insulation, which is about 60% of the install business.
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negative
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Thus, the overall earnings growth rate for 2000 is 11%.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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A Triathlon powered re-acceleration in knees along with continued strength in MedSurg should enable Stryker to deliver 13-14% revenue growth in 2005-06, leveraging comfortably to 2223% EPS growth on the bottom line.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Hardware: Strength in UNIX Offset by Broad Weakness in Other Segments While we had expected weakness in mainframes and PCs to somewhat counter doubledigit UNIX server growth, the shortfall exceeded our expectations.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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The spinoff of Medco Health Solutions, a pharmaceutical benefit management (PBM) services provider was completed on August 19, 2003..
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Retailers continue to be disciplined but began to replace and upgrade POS terminals and expand deployment of self-checkout systems.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We agree with this assessment as the lack of non-OPEC oil production growth should support strong oil prices, and rising spending for several years.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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As with Avandia, Actos' label carries a reference to the hepatic issues that have been associated with Rezulin (as a member of the same class of drugs).
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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NUS said it might take 45-90 days to be issued a license, and that companies would likely have to register in each province.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Near-term, management confirmed that activity levels are solid and market trends across most asset classes have rebounded meaningfully from weak 2Q05.
| 2
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Positive results from the new BGS rates that took effect in August helped put Power's performance within company guidance.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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The total HIV market molecular Rx's for all three months of 2Q were up 1% over 1Q08 (q/q) and are up 7% y/y.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Nonetheless, Art Ryan, Chief Executive Officer, reiterated the view that M&A prices are generally rich and that the company will only engage in "financially attractive deals." 4. CEO succession plan to be determined in the next twelve months.
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Including FAS123R recognition, non-GAAP EPS stood at $0.19 during the Oct 06 quarter.
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neutral
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Google provides a suite of products through which users can create, share and communicate information with other users.
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neutral
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Following closing of the Cinergy deal, we expect DUK to be active consolidators over the next several years.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Our review of Mellon's new business line disclosure confirmed what we already knew: Mellon's second quarter earnings were very strong.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Revised guidance now calls for $15-17bn in divs. and buybacks over 2007-2009, representing nearly 30% of the market cap, at the high end (Fig 25)..
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Genzyme recently launched Renagel in Germany, the U.K. and Italy.
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neutral
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The company also indicated that it was not instituting any price reductions on its high-end NIC cards which are sold in to the high-end enterprise market.
| 1
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neutral
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Nevertheless, we believe that the Street had sought a higher number in recent days, perhaps closer to 5.0 million.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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For investors, all this activity is likely to reinforce a couple of broader themes: 1. The 787 program is essentially on track.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Reflective of the decrease to our earnings estimates we are reducing our price target on U.S. Steel to $118 from $120.
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Spread revenues were down slightly (-1%) due to lower trading-related NII and a slightly lower margin (down 4 bps).
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negative
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βΒ»β¬ββ¬β We believe the entire backstop will not be drawn upon, therefore, on a reported basis, 2008 EPS should be negatively impacted by an estimated $150 million (in the first half of the year) due to the aforementioned backstop.
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negative
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We believe Fisher wanted to repair the accounting and PBR issues that occurred under his watch before retiring.
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neutral
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This compares to the QuickBooks Contractor Edition, which carries an ASP of $500, or QuickBooks Employee Organizer with an ASP of $300.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Given Vornado's strong capital position, we think the company is able to pursue mispriced assets and has a competitive advantage over many of its peers.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Management also indicated that 19 abstracts related to Humira have been accepted for presentation at this year's American College of Rheumatology.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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16 report, "'Early Expensers' of Stock Options Could Underperform in 2H05.") βΒ»β¬ββ¬β ADP raised FY06 EPS guidance from growth of 15-20% Y/Y to growth of 22-25%.
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Our price target of $30 is based on a 10x P/E multiple based on our 2009 EPS estimate, which is currently at par with the 10x S&P500 market multiple (though we expect the market multiple to be closer to 13x-14x when consensus estimates are lowered to reflect the economic slow-down).
| 1
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neutral
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Insurance/Non-Life / Rated: Market Underweight November 25, 2005.
| 0
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The interest level in Oracle products seems to be blossoming with the Oracle developer program (Oracle Technology Network) now up to 430,121 and growing by 33,000 per month.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Sprint PCS simply has six rate plans and the only key decision the customer has to make is whether they want Vision or not.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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The new sections will offer targeted editorial environments, which will feature graphically bolder and more open looks than the regular sections.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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For example, accelerated Fed rate cuts and a recent steeper yield curve should help improve net interest income given that PNC is liability sensitive.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Expenses remained in check with the efficiency ratio improving to 52% from 52.8% in the prior quarter.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Today, Calpine has 14,000 MW of generating capacity in operation or under development, all of which is in the United States..
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We are raising our estimates for the May and subsequent quarters, given improved DRAM pricing over the last several weeks.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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At a slightly higher allowance price ($15/ton), we estimate the earnings impact to be equivalent to 40% of 2007 consensus EPS.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Pulp prices and volumes showed strong sequential improvement.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Biotechnology (22% of continuing operations) sales rose 13.5% against the year's easiest comparison.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Management's guidance is significantly below our previous $2.10 estimate and consensus of about $1.90.
| 0
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negative
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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(We plan to publish a revised model for the EPO market shortly).
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We have lowered 2002 revenue from $1,008 million to $929 million and EPS from $0.93 to $0.74.
| 0
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negative
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We think effective promotional activity capitalizing on the favorable impact of the Easter holiday shift may have played a role in driving some shorter-term CSD share gains in the US.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Last night, Lexmark announced that 2000 results would fall well below expectations due to currency, channel inventory reductions of inkjet cartridges, higher air freight costs and continued laser printer slowness.
| 0
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negative
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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According to our market sources, bid requests have doubled in recent weeks and leading-edge dayrates for high-end land rigs will likely increase by more than $1,000 per day during the latter half of the second quarter.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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With demand still soft, operating rates for these products remain near 65% on average.
| 0
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negative
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Windows Multiplatform By channel: VAR & end user 2-tier distribution OEM Inter'l (non-OEM): Deal #s: End user $100K+ End user $1M+ Median deal >$100K
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Further amendments/deletions of proposed changes are possible during this process.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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Going forward, we would expect the stock to steadily move back toward its historical forward valuation of 20 times as the cost and revenue story unfolds over the course of the year.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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A 1 MM unit variance for US auto demand would impact cash by approximately $2-$3 bn, including managed working capital.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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AMP is much more levered to asset management, while GNW has made its next biggest bet on mortgage insurance..
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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βΒ»β¬ββ¬β Significantly, the call indicated that growth from price in US hips declined from 5% to 4% sequentially, the first decline in pricing outside of Stryker's price cut on ceramic hips.
| 0
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negative
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target (how much invested was not specified), but noted that the investments did yield enough to offset the costs.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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We highlight that Convergys completed its previous 15 million share repurchase program during the fourth quarter 2002 bringing the company's total treasury share count to 17.8 million with an implied average price of approximately $20 per share based on recent filings..
| 1
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neutral
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The Hartford has completed building its $1 billion capital cushion.
| 1
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neutral
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The company's IRP concluded that acquisition of gas-fired combined cycle generating capacity would be the best alternative to meet the capacity requirements mandated by the state.
| 2
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positive
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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MeadWestvaco's "other" businesses delivered relatively typical seasonal performance.
| 1
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neutral
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What is the sentiment of this news? Please choose an answer from negative, neutral, or positive.
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