标题: [转贴] Updates, advisories and surprises [打印本页] 作者: 何鸿燊 时间: 2010-11-3 12:37 标题: Updates, advisories and surprises
12:31p ET November 3, 2010 (MarketWatch) Garmin shares fall 7.8% with disappointing quarter
(12:25 PM ET) CHICAGO (MarketWatch) -- Garmin Ltd.shares lost 7.8% Wednesday after the maker of portable navigation devices reported disappointing third-quarter results. Garmin posted earnings of 70 cents a share compared with $1.02 for the same period last year. Earnings also fell short of average analyst expectations of 75 cents a share. Third-quarter sales dropped 11% from last year at $692.4 million. Analysts forecasted quarterly revenues of $730.5 million. "While we are not satisfied with the overall results, the strong operating income performance in outdoor/fitness, aviation and marine are positive indicators are positive indicators for the long-term of Garmin," Garmin chairman and CEO, Min Kao, said in a statement.
Quanta Services shares fall 10% on weaker outlook
(11:36 AM ET) SAN FRANCISCO (MarketWatch) -- Shares of Quanta Services Inc.fell 10% Wednesday to $17.92 after the company cut its fourth-quarter earnings outlook. The decline landed shares of the power, phone and gas pipeline contractor among the biggest decliners in the S&P 500 Index. Before the opening bell, Quanta Services reported third-quarter net income of $62.8 million, or 30 cents a share, matching expectations. But the company estimated fourth-quarter earnings at 15 cents to 17 cents a share, citing project setbacks due to heavy rainfall, and $5 million spent on "acquistion opportunities" and losses on machinery sales. Analysts, on average, had been expecting fourth-quarter results of 29 cents a share from the Houston-based company.
OpenTable shares jump 12% after quarterly reports
(11:09 AM ET) CHICAGO (MarketWatch) -- OpenTable Inc.shares advanced 12% Wednesday after the online restaurant-reservation service reported third-quarter earnings that topped Wall Street's forecasts. The company reported earnings of 23 cents a share, while analysts polled by FactSet expected earnings of 15 cents. For sales, analyst concensus was $23.2 million. OpenTable instead reported third-quarter sales of $24.5 million. Hartford shares jump after quarterly earnings
(10:44 AM ET) SAN FRANCISCO (MarketWatch) -- Hartford Financial Services Group Inc. sharesrallied more than 7% Wednesday after the insurer reported better-than-expected quarterly profit. Core earnings, which exclude net realized investment gains and losses, were $1.43 a share versus the average analyst forecast of 98 cents a share. The results included a so-called positive DAC unlock of $166 million, or 34 cents a share, driven by global equity-market appreciation, Hartford said. Hartford shares climbed 7.6% to $25.20 in morning action Wednesday. The stock is up 8% so far this year.
Energy stocks mostly lower ahead of Fed
(9:43 AM ET) NEW YORK (MarketWatch) -- Energy stocks were flat-to-lower after 2010 midterm elections and ahead of an expected move by the U.S. Federal Reserve Bank to buy debt to stimulate the economy. The NYSE Arca Oil Indexdipped fractionally. The NYSE Arca Natural Gas Indexdropped 0.9% to 533. The Philadelphia Oil Service Indexdipped 0.4% to 214.
MGM posts smaller quarterly loss
(8:53 AM ET) BOSTON (MarketWatch) -- MGM Resorts InternationalWednesday reported a third-quarter net loss of $318 million, or 72 cents a share, compared with a loss of $750.4 million, or $1.70 a share, in the same quarter of 2009. MGM said the latest quarter's results included impairment charges of $357 million, or 51 cents a share. Analysts polled by Thomson Reuters were looking for a quarterly loss of 23 cents a share, on average.
Aetna's third-quarter net income rises 53%
(8:26 AM ET) MADRID (MarketWatch) -- Diversified health-care-benefits group Aetna Inc.said Wednesday that its third-quarter net income rose 53% to $497.6 million from $326.2 million in the prior-year period. On a per-share basis, the company earned $1.19 against 73 cents. On an adjusted basis, Aetna's operating earnings were 84 cents a share. It reported revenue of $8.54 billion against $8.72 billion. A consensus estimate of analysts polled by FactSet Research called for the company to earn 68 cents a share on sales of $8.44 billion. Aetna said growth in the quarter was largely due to a higher commercial underwriting margin from improved underlying performance and favorable prior-period reserve development. The company said it expects full-year 2010 operating earnings of $3.60 a share.
Pride International jumps on report of uyout
(8:26 AM ET) NEW YORK (MarketWatch) -- Pride Internationalshares rose nearly 10% to $34 a share in premarket trades on Wednesday, after a report in The Wall Street Journal said the $5.5 billion market cap oil-service firm is considering a possible sale of the company. Pride International has spoken about a buyout deal to SeaDrill Ltd.and ENSCO PLC, said the report, which cited unnamed people familiar with the matter. Noble Corp.considered buying the company, but walked away, the report said. No deal is imminent since Pride has a reputation for moving slowly on deals.
Devon profit tops $2 billion on Azerbaijan sale
(8:14 AM ET) NEW YORK (MarketWatch) -- Devon Energy Corp.said Wednesday its third-quarter earnings rose to $2.1 billion, or $4.79 a share, from $499 million, or $1.12 a share, in the year-ago period. The latest quarter included a one-time gain of $1.5 billion on the sale of its Azerbaijan unit. Excluding items, Devon earned $1.44 a share in the latest quarter. Revenue rose to $2.35 billion, from $1.85 billion. Wall Street analysts expected Devon to earn $1.36 a share on revenue of $2.3 billion, according to a survey by FactSet Research. Devon said its plan to sell assets to focus on North American production remains on track. It expects a $3.2 billion sale of its Brazilian assets to close by the end of the year.
El Paso Corp. net income more than doubles
(7:43 AM ET) NEW YORK (MarketWatch) -- El Paso Corp.said Wednesday its third-quarter net income rose to $133 million, or 19 cents a share, from $58 million, or 8 cents a share, in the year-ago period. El Paso's adjusted earnings fell to 22 cents a share, from 23 cents a share. Earnings before interest and taxes in its pipeline group rose slightly to $334 million, from $326 million, while exploration and production earnings before interest and taxes rose to $261 million, from $88 million. Wall Street analysts expected the energy and pipeline firm to earn 21 cents a share, according to a survey by FactSet Research.
AOL profit more than doubles
(7:35 AM ET) CHICAGO (MarketWatch) -- AOL Inc.said its third-quarter profit more than doubled from the same period a year ago on decreased costs, despite significant drops in advertising and subscription revenues. The company said it earned $172 million, or 93 cents a share, from continuing operations, compared with a profit of $74 million, or 67 cents a share, in the year-ago quarter. Revenue fell 26% to $563.5 million. According to a survey by FactSet Research, analysts were expecting a profit of just 52 cents a share on sales of $558.3 million.
Time Warner net off; adjusted net exceeds estimate
(7:32 AM ET) TEL AVIV (MarketWatch) -- Time Warner Inc.,the New York entertainment group, reported on Wednesday that third-quarter net income fell 21% on 1.8% higher revenue. Earnings fell to $522 million, or 46 cents a share, from $662 million, or 55 cents, in the year-earlier quarter. Adjusted profit from continuing operations was 62 cents against 53 cents. Shares outstanding fell 4.6% to 1.14 billion. Revenue reached $6.38 billion from $6.26 billion. A survey of analysts by FactSet Research produced consensus estimates of 53 cents a share of profit on $6.43 billion of revenue. Growth in ad and subscription revenue within the networks business was robust, Chairman and Chief Executive Jeff Bewkes said in a statement. Looking ahead, TWX said that for 2010, it estimates adjusted profit from continuing operations to grow in the high-20s percent from the comparable 2009 figure, $1.83 a share. In August, it had estimated the percentage at a minimum 20%.
PulteGroup sees loss, takes nearly $1 bln charge
(7:17 AM ET) BOSTON (MarketWatch) -- PulteGroup Inc.on Wednesday reported a third-quarter net loss of $995 million, or $2.63 a share, including $986 million in charges for goodwill impairment, construction and other insurance reserves, and land-related charges. Pulte, which acquired Centex Corp. in 2009, posted a loss of $361 million, or $1.15 a share, in the year-ago quarter. The home builder said net new orders in the third quarter fell 12% from the year-earlier period to 3,566 homes.
Cvs Caremark net income, revenue drop
(7:12 AM ET) NEW YORK (MarketWatch) -- CVS Caremarksaid Wednesday its third-quarter earnings fell to $808 million, or 59 cents a share, from $1.02 billion, or 71 cents a share, in the year-ago period. Adjusted income totaled 65 cents a share in the latest period. Revenue fell 3% to $23.9 billion. CVS Caremark was expected to earn 64 cents a share, on revenue of $23.9 billion, according to a survey by FactSet Research. CVS Caremark narrowed its 2010 profit view to a range of $2.68 to $2.70 a share, from its earlier estimate of $2.68 a share to $2.73 a share.
Wellpoint lifts outlook as profit edges up
(6:26 AM ET) LONDON (MarketWatch) -- Health benefits company WellPoint Inc.said Wednesday that its third-quarter net profit rose 1.2% to $739.1 million from $730.2 million a year earlier as it also lifted its outlook for the year. Earnings per share jumped over 20% to $1.84 from $1.53 after a drop in the number of shares outstanding, while total revenue dropped 5.7% to $14.33 billion. Excluding investment gains, earnings in the latest quarter were $1.74 a share. Analysts polled by FactSet Research had expected earnings of $1.57 a share on revenue of $14.29 billion. The company said its higher results were mainly due to cost controls and favorable developments on its reserves, while membership remained stable. CEO Angela Braly said the firm now expects 2010 earnings of at least $6.60 a share, or $6.45 on an adjusted basis. Analysts had been forecasting 2010 earnings of $6.38 a share.
FedEX Express to buy India's Unifreight
(4:21 AM ET) HONG KONG (MarketWatch) -- Fedex Corp.said Wednesday its FedEx Express unit will acquire Indian express parcel and logistics operator Unifreight India Pvt. Ltd., as part of a strategy to expand its domestic ground network in the fast-growing country, according to a company statement. The acquisition should be completed in the fiscal third quarter which ends February 2011, the company said. FedEx did not disclose financial details of the acquisition.
SocGen profit more than doubles
(3:23 AM ET) LONDON (MarketWatch) -- French banking group Societe Generalesaid Wednesday that its third-quarter net profit more than doubled to 896 million euros ($1.26 billion) from 426 million euros a year earlier as revenue grew 5.5% to 6.3 billion euros. The company said the results reflected growth in international retail banking and a strong performance in structured financing activities at its investment banking arm, as well as a further decline in net allocations to provisions, which shrank 39% to 918 million euros. Analysts polled by Dow Jones Newswires had expected earnings of 716 million euros on revenue of 6.09 billion euros. The group said it would have a core Tier 1 ratio of 7.5% at the start of 2013 under upcoming tougher capital rules and that it would be able to meet the requirements without a capital increase.
Anheuser-Busch InBev Q3 profit falls 7.2%
(3:06 AM ET) MADRID (MarketWatch) -- Brewing giant Anheuser-Busch InBevon Wednesday said attributable net profit for the third quarter fell 7.2% to $1.43 billion, against $1.55 billion in the same period a year ago. On a per share basis, the company earned $0.90 against $0.98. On an adjusted basis, it earned $1.49 billion against $1.13 billion, or $0.94 against $0.72. Anheuser reported Q3 volumes of 106.7 hectoliters versus 106.6 million in the prior year period. The brewer said it expects fourth quarter organic earnings before interest, taxation, depreciation and amortization to exceed that of the third quarter. It said it would also benefit from easier comparisons in the fourth quarter.
