Month: November 2011

PerkinElmer ( PKI ) reported third-quarter fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 41 cents, beating the Zacks Consensus Estimate of 39 cents and exceeding the year-ago earnings per share of 31 cents. The results exceeded the company’s earlier guidance in the range of 37 cents to 39 cents. Net income from continuing operations (as reported) rose just 0.6% year over year to $26.7 million (or 24 cents a share) in the reported quarter from $26.5 million (or 22 cents a share) in the prior-year quarter. […]

This morning's October non-farm payroll report was a tad weaker than expected on the headline basis, but the report's internals confirm the positive momentum that we have been seeing lately in a number of other economic readings. I view this report as modestly positive as it adds to the growing list of favorable economic readings that have effectively pushed recession fears to the sidelines. Beyond the U.S […]

Starbucks Corporation ( SBUX ) registered robust results for the fourth quarter fiscal 2011. Quarterly earnings increased 16% year over year to 37 cents a share. It slivered past the Zacks Consensus Estimate of 36 cents by a penny. […]

Vornado Realty Trust ( VNO ), a leading real estate investment trust (REIT), reported third quarter 2011 FFO (funds from operations) of $195.1 million or $1.05 per share, versus $249.0 million or $1.31 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. After adjusting items for comparability, FFO during the third quarter of 2011 was $222.9 million or $1.20 per share, compared with $221.5 million or $1.17 in the prior-year quarter […]

Gap Inc. ( GPS ), one of the leading global specialty retailers, reported a 6.0% drop in same-store sales for the four-week period ended October 29, 2011. Results for the month also compared unfavorably with the year-over-year same-store sales growth of 4.0% […]

Scripps Networks Interactive Inc. ( SNI ) reported mixed financial results for the third quarter of 2011. Quarterly consolidated revenue of $503.7 million was up 7.9% year over year, but fell below the Zacks Consensus Estimate of $510 million […]

Public Storage ( PSA ), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2011 FFO (funds from operations) of $1.29 per share, compared with $1.69 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding several non-recurring items, FFO for third quarter 2011 was $1.56 per share compared with $1.35 in the year-ago quarter. […]

Healthy top-line performance, effective strategic measures, and operating efficiencies facilitated CBS Corporation ( CBS ) to post better-than-expected third-quarter 2011 results. The quarterly earnings of 50 cents a share beat the Zacks Consensus Estimate of 46 cents and surged 43% from 35 cents earned in the year-ago quarter. What Numbers Say? […]

Fluor Corporation (FLR) reported third-quarter 2011 earnings per share of 78 cents, below the Zacks Consensus Estimate of 86 cents. Prior-year loss per share was 30 cents. […]