Showing posts with label AA. Show all posts
Showing posts with label AA. Show all posts

Tuesday, April 10, 2012

LargeCap Stocks to Watch Today

LargeCap Stocks to Watch TodayTomahawk, WI 4/10/2012 (StreetBeat) -- Alcoa (AA) is expected to report first-quarter results after the markets close on Tuesday and analysts expect the aluminum maker to post a loss of 4 cents a share on revenue of $5.77 billion.

Alcoa is struggling with lower pricing and the impact of Europe's sovereign debt woes on demand, leading to cutbacks in production.

Sony (SNE), the Japanese electronics giant, said Tuesday it projects an annual loss of 520 billion yen ($6.4 billion), much wider that earlier predictions of a loss of 220 billion yen.

Sony is recording a charge of 300 billion yen from write-offs of deferred tax credits in the United States.

Sony forecast a return to profit in the year through March 2013.

On Monday, media reports said Sony, hurt by weakness at its LCD television unit. was preparing to cut 10,000 jobs, or 6% of its work force, by the end of the year.

Yahoo! (YHOO) CEO Scott Thompson holds an all-staff meeting Tuesday at 1 p.m. EDT to brief employees on the company's new management structure.

The Internet company said last week it would be slashing 2,000 jobs.

Vivus (VVUS) said the review date of its new drug application for Qnexa has been extended by three months.

The company said it has been informed that the Food and Drug Administration has moved the Prescription Drug User Fee Act date for its review of Qnexa's NDA to July 17 from April 17.

The stock fell more than 8%% in after-hours trading on Monday.

Fidelity, Federated Lead Charge Against Money Fund Reform

Supervalu (SVU), the grocery retailer, is expected by analysts Tuesday to post a profit of 35 cents a share in its fiscal fourth quarter.

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Wednesday, October 12, 2011

LargeCap Stocks to Keep an Eye on Today

LargeCap Stocks to Keep an Eye on TodayTomahawk, WI 10/12/2011 (PennyPayDay) – Medical devices maker Synergetics reported fourth-quarter profit of 8 cents a share, meeting expectations.

Shares were plunging 12.3% to $5.50 in premarket trading, ahead of the company's conference call at 10:30 a.m. EDT.

Los Angeles clothing company Joe's Jeans posted a 5% year-over-year decline in sales in its fiscal third quarter. The company said it swung to a third-quarter loss of $2 million, or 3 cents a share, from a profit of $558,000, or a penny per share, in the same period a year earlier.

Shares were falling 10.1% to 62 cents.

Aluminum producer Alcoa fell short of Wall Street's profit view, despite better-than-expected revenue, sending shares lower in premarket trading.

The company reported earnings from continuing operations of $172 million, or 15 cents a share, for its third quarter on revenue of $6.42 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of 22 cents a share on revenue of $6.24 billion in the period.

Klaus Kleinfeld, the company's chairman and CEO, backed Alcoa's outlook for growth of 12% in aluminum demand for 2011, saying the company sees a "slower pace in the second half of the year, and reaffirm(s) our long-term forecast for a doubling of aluminum demand by 2020."

Shares were tumbling 3.8% to $9.91.

Food and beverage giant PepsiCo reported third-quarter core profit of $1.31 a share, beating the average analyst estimate of $1.30 a share.

For 2011, the company is targeting high-single-digit earnings per share growth and anticipates share repurchases of about $2.5 billion in 2011.

Shares were rising 1.6% to $61.92.

Telecommunications firm NeuStar said it will buy caller ID company TARGUSinfo for about $650 million in cash. NeuStar also lifted its full-year earnings guidance to $1.76 and $1.84 a share on revenue of $595 million to $600 million from its previous outlook of earnings of $1.68 to $1.76 a share on revenue of $585 million to $600 million.

Shares were rising 1.6% to $28.50.

Hewlett-Packard is reconsidering the spinoff of its personal-computer division, the Wall Street Journal reported.

Shares were up 0.9% to $26.15.

BlackBerry users around the world have been cut off from texting for a third straight day.

Research In Motion said Tuesday that its services returned to normal after a failure within its own infrastructure was discovered. But later it acknowledged that disruptions were continuing.

The stock was down 0.6% to $24.26.

Chevron said in its interim update that earnings for the third quarter are expected to be in line with that of the second quarter, as a one-time refinery sale helps buttress results during a period of declining crude oil prices. Shares were up 0.3% to $97.90.

Healthcare Services, the provider of housekeeping and laundry services to the healthcare industry, increased its dividend to 16 cents a share, the 33rd consecutive increase since the company initiated regular dividend payouts in 2003.

Private-equity firm Bain Capital is in final talks to buy Japanese restaurant-chain operator Skylark from Nomura for up to $3.4 billion, including debt, the Wall Street Journal reported.

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Tuesday, October 11, 2011

Alcoa Misses on Earnings; Shares Drop in Aftermarket Trading

Alcoa Misses on Earnings; Shares Drop in Aftermarket TradingShawshank, VA 10/11/2011 (PennyPayDay) – Alcoa (NYSE:AA) reports Q3 eps of +15 cents

This was expected to be +22 cents.

Revenues were $6.42 billion, beating the estimate for $6.23 billion

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