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Wells Fargo Lowering Earnings Estimates (CWT, EGN, HK, SM, PFG, DVA, HLS, VVUS, SNH)
Tuesday, August 3, 2010 - 9:04am | 151Wells Fargo Securities is lowering its earnings outlook on a variety of different companies following quarterly results and guidance provided by the various companies. In the report Wells Fargo Securities is lowering its earnings estimates on California Water Service (NYSE: CWT), Energen Corp. (...
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DaVita Inc.’s Earnings Miss Expectations (DVA)
Monday, August 2, 2010 - 4:30pm | 134DaVita Inc. (NYSE: DVA) reports Q2 earnings of $1.06 versus estimates of $1.06. DaVita Inc. reports Q2 revenues of $1.59 billion versus estimates of $1.60 billion. Revenues increased 4.4% year over year. During the first six months of 2010, the company repurchased a total of 1,587,160 shares of...
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Aetna, CVS Strike Deal - Analyst Blog
Monday, August 2, 2010 - 4:13pm | 524Last week, health insurer Aetna Inc. (AET) announced that it has entered into a 12-year contract with pharmacy benefit manager (PBM) CVS Caremark (CVS). Pursuant to the agreement, Caremark will act as a PBM of Aetna’s prescription drug program for its Pharmacy Benefit Unit. In the United States, a...
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DaVita 2nd Quarter Results
Monday, August 2, 2010 - 4:10pm | 106DaVita Inc. (NYSE: DVA) today announced results for the quarter ended June 30, 2010. Net income attributable to DaVita Inc. for the three and six months ended June 30, 2010 excluding after-tax debt redemption charges of $2.5 million, or $0.02 per share, was $110.4 million and $219.8 million, or $1....
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Insider Weekends - July 30, 2010
Monday, August 2, 2010 - 2:49pm | 1152Welcome to the eighth edition of Insider Weekends. Insider buying rebounded last week with insiders purchasing $13.42 million of their stock last week when compared to just $3.4 million in the week prior. Selling picked up pace with insiders selling $498.22 million worth of stock. Sell/Buy Ratio:...
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Clues World Economies May Be Healthier Than Anticipated 08-02-2010
Monday, August 2, 2010 - 2:44pm | 786Cusick’s Corner After the early session pop, trading has been a grinding to the upside and the bulls are in control. The trading volume has been light, typical for summer. Adding a little more fuel to this upside move -- Copper (HGU10 +.075) and Crude (CLU10 +2.39), both plays that the world’s...
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Omnicare Plunges, Then Recovers Marginally After Sudden CEO Departure
Monday, August 2, 2010 - 12:19pm | 64Omnicare (NYSE: OCR) has recovered after plunging nearly 10% after the company announced the sudden retirement of CEO Joel Gemunder. Gemunder was also Omnicare’s president since 1981. In May, OCR had a 65% jump in its first-quarter profit. The company is scheduled to report its Q2 earnings on...
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Puts Sold on BioScrip Inc. (BIOS)
Monday, August 2, 2010 - 11:28am | 121Shares of BioScrip Inc. (NASDAQ: BIOS) are higher on the session by 1.53%, currently trading at $4.31. The stock recently cratered lower, on high volume, after a less than stellar earnings report. Options traders are betting that the stock has bottomed and are selling puts on the name. The January...
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BioScrip Misses Estimates - Analyst Blog
Monday, August 2, 2010 - 11:13am | 547BioScrip Inc. (BIOS) reported an EPS of 6 cents in the second quarter of 2010, underperforming both the Zacks Consensus Estimate of 9 cents and the year-ago quarter’s 11 cents. Excluding special items, EPS was 7 cents. Revenues were $412 million, up 25% from the year-ago quarter. Beginning this...
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Zacks Bull and Bear of the Day Highlights: Jabil Circuit, Quest Diagnostics, Ford, Toyota and Chesapeake Energy - Press Releases
Monday, August 2, 2010 - 11:12am | 3583For Immediate Release Chicago, IL –August 02, 2010 – Zacks Equity Research highlights: Jabil Circuit (JBL) as the Bull of the Day and Quest Diagnostics (DGX) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford (F), Toyota (TM) and Chesapeake Energy (CHK). Here is a...
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Omnicare’s CEO Retires; Puts Purchased (OCR)
Monday, August 2, 2010 - 11:07am | 162Shares of Omnicare Inc. (NYSE: OCR) are lower on the session by 4.99%, currently trading at $23.40. The stock has been moving largely lower over the past three months and is trading below both the 50-day and 200-day moving averages. The stock is falling today on news that its CEO, Joel F. Gemunder...
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Quest Diagnostics (DGX) - Bear of the Day
Monday, August 2, 2010 - 6:10am | 175Quest Diagnostics (DGX) second-quarter EPS of $0.89 beats the Zacks Consensus Estimate by a penny and the year-ago quarter s by 7 cents. However, revenues declined 1.4% to $1.9 billion, driven by a decline in both volume and pricing. Meanwhile, the company proactively negotiated contracts with...
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ZOLL Medical Beats, Net Soars - Analyst Blog
Monday, August 2, 2010 - 6:09am | 344Resuscitation devices and software company ZOLL Medical (ZOLL) reported third-quarter fiscal 2010 earnings of 26 cents per share, topping the Zacks Consensus Estimate of 22 cents and the year-ago result of 7 cents. Net income surged more than four-fold year over year to $5.7 million. The better-...
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Big Losers -- TNAV, BIOS, VLCM, APK (TNAV, BIOS, VLCM, APKT, PXQ)
Friday, July 30, 2010 - 5:10pm | 258TeleNav (TNAV) was downgraded today after yesterday reporting that their largest customer, Sprint (S), is in negotiations with TeleNav regarding potential amendment of its current contract, which expires as to TeleNav's right to be Sprint's exclusive provider of Sprint Navigation on December 31,...
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Top 5 Percentage Gainers On NYSE (ALU, AHD, AIQ, CQB, UFS)
Friday, July 30, 2010 - 2:52pm | 134These stocks are the top 5 percentage gainers on the New York Stock Exchange today (only includes companies with 100,000 shares traded so far). Alcatel-Lucent (NYSE: ALU) is up 14.23% to $2.98 after the telecom equipment provider reported strong quarterly results and reaffirmed 2010 guidance. Atlas...