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Benzinga’s Earnings Roundup (CVS, HAS, CNA, L, HS)
Monday, February 8, 2010 - 8:59am | 368CVS Caremark Corporation (NYSE: CVS) reported today a fourth-quarter net income of $1.05 billion, or $0.74 per share, as compared to $949 million, or $0.65 per share, for the same quarter last year. Net revenue increased by $1.7 billion to $25.8 billion for the quarter. Analysts expected CVS to...
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AET Misses Q4 Marginally
Friday, February 5, 2010 - 1:53pm | 155Analysts at Goldman Sachs maintain their "neutral" rating on Aetna Inc (NYSE: AET). Aetna reported its Q4 EPS inline with the guidance and marginally short of the estimates and consensus. Although AET’s 2010 guidance was significantly short of the Street view, it is inline with the company’s prior...
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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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Benzinga’s Earnings Roundup (WY, AON, AET, PBH, AIV, PPL)
Friday, February 5, 2010 - 8:55am | 417Weyerhaeuser Company (NYSE: WY) reported today a fourth-quarter net loss of $175 million, or $0.83 per share, as compared to a loss of $1.21 billion, or $5.73 per share, for the same quarter last year. Total sales declined 18% to $1.46 billion for the quarter. Analysts had expected WY to report a...
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CI Reports Solid Operating Results For Q4
Thursday, February 4, 2010 - 2:04pm | 111Analysts at Goldman Sachs maintain their "buy" rating on CIGNA Corp (NYSE: CI). CIGNA has reported its Q4 operating EPS significantly ahead of the consensus. Earnings from CI’s core healthcare segment were healthy, indicating strong operations expense management and sustained contribution from...
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Company News for February 4, 2010 - Corporate Summary
Thursday, February 4, 2010 - 10:51am | 207• CIGNA (NYSE:CI) reported quarterly numbers of $1.03, versus Zacks estimates of 96 cents, and up from 49 cents a year ago on revenues of $4.64 billion. The company reaffirmed full year guidance of $3.75-$4.15 • Starwoods (NYSE:HOT) reported earnings of 51 cents a share, versus estimates of 22...
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Stock Market News for February 4, 2010 - Market News
Thursday, February 4, 2010 - 10:49am | 388Stocks lost steam after a two-day advance as a weak report on service industries and a mixed report on labor market worried investors. Lingering sovereign debt concerns and worries related to bank reforms kept traders off the buying table. The blue-chip Dow average, which jumped 230 points in...
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Benzinga’s Earnings Roundup (LNT, CI, MF, SE, CME)
Thursday, February 4, 2010 - 8:58am | 367Alliant Energy Corporation (NYSE: LNT) reported today a fourth-quarter net profit of $53.6 million, or $0.49 per share, as compared to $50.6 million, or $0.46 per share, in the year ago period. Revenue declined 3.1% to $854.9 million for the quarter. The 52-week trading range for LNT is $20.31 - $...
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Aetna, Inc. (AET) Fourth Quarter Preview
Wednesday, February 3, 2010 - 1:20pm | 109Analysts at Leerink Swann have released a report previewing the fourth quarter at Aetna, Inc. (NYSE: AET). Aetna will report earnings for the fourth quarter on Friday. Analysts expect the company to report fourth quarter earnings in line with their estimates. Analysts estimate EPS of $0.41 for the...
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Company News for February 1, 2010 - Corporate Summary
Monday, February 1, 2010 - 10:26am | 200• ExxonMobil (NYSE:XOM) posted fourth quarter earnings of $1.27 a share, beating Zacks of $1.19 a share, versus $1.55 a year ago. The company reported revenues of $89.84 billion • Humana (NYSE:HUM) posted fourth quarter earnings of $1.48, in-line with Zacks estimates, versus $1.07 on revenues of $...
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Stock Market News for February 1, 2010 - Market News
Monday, February 1, 2010 - 10:23am | 480Stocks ended the first month of 2010 on a disappointing note as weaker earnings numbers and uncertainty about the fate of the economy prompted investors to pull money out of the market. A better-than-expected gross domestic product data gave markets an initial boost but the advance petered out as...
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Bruce Berkowitz of Fairholme Funds (FAIRX) Slashes Pfizer (PFE) Stake, Exits Boeing (BA) and Northrop Grumman (NOC); Adds to Berkshire Hathaway
Sunday, January 31, 2010 - 2:52pm | 1186Fresh off his "Morningstar Manager of the Decade", we have some update's on the moves of the very schrewd Bruce Berkowitz in relation to his Fairholme Fund (FAIRX). The biggest change is his massive stake in Pfizer (PFE) has been cut back severely; since the data is as of Nov 30th it looks like he...
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United Health to Rally?
Wednesday, January 27, 2010 - 2:04pm | 90United Health Group (NYSE: UNH) is receiving bullish call activity for the second straight day today. Yesterday it was the February and March $30 calls, today it is the September $40s that have been purchased on the offer, well above open interest. United Health Group has pulled back as of late, so...
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Company News for January 27, 2010 - Corporate Summary
Wednesday, January 27, 2010 - 10:29am | 266• After the close, Yahoo (NASDAQ:YHOO) reported earnings of 15 cents for the quarter, 4 penny ahead of Zacks estimates, on revenues of $1.26 billion, which bettered Zacks estimates of $1.23 billion. For the current quarter, the firm expects sales of $1.575-$1.675 billion, and income of $90-$100...
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Benzinga’s Earnings Roundup (WLP, PX, RGS, BLK, ROK)
Wednesday, January 27, 2010 - 8:25am | 350WellPoint, Inc. (NYSE: WLP) today reported a fourth-quarter net income of $2.7 billion, or $5.96 per share, as compared to $331.4 million, or $0.65 per share, for the same quarter last year. Adjusted net income was $1.16 a share. Analysts had expected WellPoint to report earnings of $1.02 per share...