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LMAO
PG today PR-Market Earnings Release
LAZ 36.10$ tomorrow earnings release. is expected to beat street.
Earnings Alert: Lazard is Expected to Beat the Street Consensus When It Reports Earnings (LAZ)
Written on Mon, 10/25/2010 - 11:16am
By Chip Brian
Analysts, on average, expect Lazard (NYSE:LAZ) to report earnings of $0.42 per share on sales of $442 million on October 27, 2010.
For the full year, analysts expect the company to post EPS of $1.86. In the year-ago period, the company reported EPS of $0.41 on sales of $438 million.
In the previous quarter, the company reported EPS of $0.39, topping consensus estimates of $0.37.
SmarTrend is bullish on shares of Lazard and our subscribers were alerted to Buy on July 13, 2010 at $29.20. The stock has risen 21.6% since the alert was issued.
LAZ 36.10$ tomorrow earnings release. is expected to beat street.
Earnings Alert: Lazard is Expected to Beat the Street Consensus When It Reports Earnings (LAZ)
Written on Mon, 10/25/2010 - 11:16am
By Chip Brian
Analysts, on average, expect Lazard (NYSE:LAZ) to report earnings of $0.42 per share on sales of $442 million on October 27, 2010.
For the full year, analysts expect the company to post EPS of $1.86. In the year-ago period, the company reported EPS of $0.41 on sales of $438 million.
In the previous quarter, the company reported EPS of $0.39, topping consensus estimates of $0.37.
SmarTrend is bullish on shares of Lazard and our subscribers were alerted to Buy on July 13, 2010 at $29.20. The stock has risen 21.6% since the alert was issued.
nice thanks for this info.
NEW YORK (Market Intellisearch) -- PWER options saw interesting call activity today. A total of 1,257 put and 5,003 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.25. There were 3.98 calls traded for each put contract.
Summary of all Unusual Trading Activities
Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the Put/Call ratio statistics to measure trader sentiment. A high Put/Call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low Put/Call ratio implies that the overall investor sentiment is bullish based on the large amount of call options.
Power-One closed at $10.73 in the last trading session and opened today at $10.83. The stock price rose $0.14 (+1.30%) to $10.87 in today's trading session. PWER is trading between the range of $10.54 - $10.93. Volume is 3,830,292 in relation to the three month average volume of 5,882,310 shares. PWER is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $2.48 and 52 week high is $13.04.
added some DEAR 1.83$
The 5 Companies in the Electronic Components Industry With the Highest Future Earnings Growth (DTSI, PWER, SPEC, DLB, CPII)
Written on Mon, 10/25/2010 - 6:33am
By Chip Brian
Below are the five companies in the Electronic Components industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
DTS Inc (NASDAQ:DTSI) has the highest future earnings growth of 48.5%; Power-One (NASDAQ:PWER) is next with future earnings growth of 30.3%; and Spectrum Control (NASDAQ:SPEC) has the next highest with future earnings growth of 24.9%.
Dolby Laboratories (NYSE:DLB) follows with future earnings growth of 15.8% and CPI International (NASDAQ:CPII) rounds out the group with future earnings growth of 13.0%.
http://www.mysmartrend.com/news-briefs/news-watch/5-companies-electronic-components-industry-highest-future-earnings-growth-dts
this is lookig hot :) 10.73$
US Airways Reports Record Third Quarter Profit
US Airways (NYSE:LCC)
Intraday Stock Chart
Today : Wednesday 20 October 2010
US Airways Group, Inc. (NYSE: LCC) today reported its third quarter financial results. On a GAAP basis, the Company reported a net profit of $240 million for its third quarter 2010, or $1.22 per diluted share, compared to a net loss of ($80) million, or ($0.60) per share, for the same period in 2009. The $240 million net profit is the highest third quarter net profit in the Company’s history.
Excluding special items of $3 million, net profit for the third quarter 2010 was $243 million, or $1.23 per diluted share. Net loss excluding special items for the third quarter 2009 was ($110) million, or ($0.83) per share.
See the accompanying notes in the Financial Tables section of this press release for a reconciliation of GAAP financial information to non-GAAP financial information.
US Airways Group, Inc. Chairman and CEO Doug Parker stated, “Reporting a record third quarter profit speaks volumes about the efforts of our 31,000 team members. The past three years have been extremely challenging, and our response has been swift and decisive. We have returned US Airways to profitability and a leading position among our peers in financial and operational metrics by reducing capacity, realigning our network to focus on our primary assets, maintaining cost discipline, increasing ancillary revenues, and establishing industry-leading operational reliability.
“We’re particularly pleased with our team’s continued dedication to customer service. US Airways’ operation is running more efficiently than at any time in our company’s history. The Company ranked first among the five largest network carriers in baggage handling for the months of July and August as measured by the U.S. Department of Transportation (DOT). This trend continued in September when we set an all-time Company record for baggage handling.
“We are very proud of our team, and recently announced we will recall approximately 300 pilots and flight attendants from furlough status, which will supplement our international flying in 2011 and accommodate normal attrition. Upon exhausting our flight attendant furlough list later this year, we anticipate hiring new hire flight attendants in early 2011. Our third quarter results also include an accrual of $25 million for our profit sharing program, and $7 million for operational incentive payouts, bringing the total amount earned in 2010 through these programs to nearly $60 million.”
Revenue and Cost Comparisons
A modestly improving economy and continued industry capacity discipline led to improved revenue performance. Total revenues in the third quarter were up 16.9 percent versus the third quarter of 2009 on a 1.6 percent increase in total available seat miles (ASMs). Total revenue per available seat mile was 13.90 cents, up 15.0 percent versus the same period last year driven by a 13.6 percent increase in passenger yields and an increase in passenger load factor from 82.6 percent to 83.1 percent.
Outstanding operating reliability and continued cost diligence allowed the Company to keep costs in check despite rising fuel prices. Total operating expenses in the third quarter were up 5.6 percent over the same period last year due primarily to a 16.7 percent increase in fuel expense. Mainline cost per available seat mile (CASM) was 11.34 cents, up 3.1 percent. Excluding fuel and special items, mainline CASM was flat as compared to the same period last year at 8.06 cents, and excluding fuel, special items and profit sharing, mainline CASM actually decreased 1.6 percent to 7.93 cents. Express CASM excluding fuel was 13.32 cents, up 4.4 percent on a 1.5 percent decline in ASMs.
Liquidity
During the third quarter, the Company purchased approximately $69 million aggregate principal amount of its 7 percent senior convertible notes due 2020, at a price of $1,000 per $1,000 of principal amount. After giving effect to the purchase of the tendered notes, approximately $5 million principal amount of the notes remain outstanding.
As of Sept. 30, 2010, the Company had approximately $2.4 billion in total cash and investments, of which $389 million was restricted, up from $2.0 billion of which $530 million was restricted on Sept. 30, 2009.
Business Outlook
Parker continued, “Looking forward, our plan is simple: Continue to take care of our customers by delivering superior operational results; maintain capacity discipline; aggressively manage our costs; and focus our assets in the markets that produce the best financial results for our airline.”
Other Notable Accomplishments
Announced daily, nonstop seasonal summer service from Charlotte Douglas International Airport to Madrid, Spain and to Dublin, Ireland, which will begin in May 2011. The new flights complement US Airways' daily, nonstop year-round service to both destinations from Philadelphia, the airline's international gateway.
Announced new service to seven cities and increased service to three existing markets from New York's LaGuardia Airport, effective Oct. 31. The new and expanded service will be operated by US Airways Express partners Air Wisconsin, Chautauqua Airlines, Piedmont Airlines, PSA Airlines and Republic Airways.
Announced a new bilateral codeshare agreement with Star Alliance partner, Turkish Airlines. US Airways customers will have access to Istanbul, Turkey via Turkish Airlines service from Frankfurt, Munich and Zurich and will gain access to four new destinations including Adana, Izmir, Antalya and Ankara, Turkey via Istanbul. Nonstop travel options to Istanbul are also available for US Airways customers via Turkish Airlines service at New York's John F. Kennedy International Airport and Chicago O'Hare International Airport.
Launched FastPathSM – an expedited airport experience for customers traveling between Boston and Philadelphia. FastPath features dedicated facilities for curbside check-in and bag drop, ticket counter check-in, security checkpoint lanes, departure gates and baggage claim carousels.
Received distinction as one of the 50 best companies for Latinas by LATINA Style magazine for 2010. US Airways was the only airline included among the top 50 companies. Also during the quarter, the Company received distinction as one of "Best Places to Work" and earned a 100 percent rating on the Human Rights Campaign's Corporate Equality Index, which measures companies' attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. This is the sixth year in a row the airline has achieved a perfect score.
Analyst Conference Call/Webcast Details
US Airways will conduct a live audio webcast of its earnings call today at 1:00 p.m. EDT, which will be available to the public on a listen-only basis at www.usairways.com under the Company Info >> Investor Relations tab. An archive of the call/webcast will be available in the Public/Investor Relations portion of the Web site through Nov. 20, 2010.
Investor Guidance
The Company will provide its investor relations guidance on its Web site (www.usairways.com) immediately following its 1:00 p.m. EDT conference call. The Company typically provides guidance related to cost per available seat mile (CASM) excluding fuel, special items and profit sharing, fuel prices and hedging positions, other revenues and estimated interest expense/income on its investor relations update page on its web site. This update will also include the airline’s capacity, fleet plan, and estimated capital spending for 2010.
About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,100 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 31,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 21,200 daily flights to 1,172 airports in 181 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. For more company information, visit usairways.com. (LCCF)
Forward Looking Statements
Certain of the statements contained or referred to herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," and "continue" and similar terms used in connection with statements regarding, among others, the outlook, expected fuel costs, revenue and pricing environment, and expected financial performance and liquidity position of US Airways Group (the "Company"). Such statements include, but are not limited to, statements about future financial and operating results, the Company's plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties that could cause the Company's actual results and financial position to differ materially from these statements. Such risks and uncertainties include, but are not limited to, the following: the impact of significant operating losses in the future; downturns in economic conditions and their impact on passenger demand and related revenues; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the impact of the price and availability of fuel and significant disruptions in the supply of aircraft fuel; the Company's high level of fixed obligations and its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in the Company's financing arrangements; provisions in the Company's credit card processing and other commercial agreements that may affect its liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; the Company's inability to maintain labor costs at competitive levels; the Company's reliance on third party regional operators or third party service providers; the Company's reliance on automated systems and the impact of any failure or disruption of these systems; the impact of changes to the Company's business model; competitive practices in the industry, including the impact of industry consolidation; the loss of key personnel or the Company's ability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; changes in government legislation and regulation; the Company's ability to operate and grow its route network; the impact of environmental laws and regulations; costs of ongoing data security compliance requirements and the impact of any data security breach; interruptions or disruptions in service at one or more of the Company's hub airports; the impact of any accident involving the Company's aircraft or the aircraft of its regional operators; delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity; the impact of weather conditions and seasonality of airline travel; the impact of possible future increases in insurance costs and disruptions to insurance markets; the impact of global events that affect travel behavior, such as an outbreak of a contagious disease; the impact of foreign currency exchange rate fluctuations; the Company's ability to use NOLs and certain other tax attributes; and other risks and uncertainties listed from time to time in the Company's reports to and filings with the SEC. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. The Company assumes no obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Additional factors that may affect the future results of the Company are set forth in the section entitled "Risk Factors" in the Company's Report on Form 10-Q for the quarter ended September 30, 2010 and in the Company's other filings with the SEC, which are available at www.usairways.com.
US Airways Group, Inc.
Condensed Consolidated Statements of Operations
(In millions, except share and per share amounts)
(Unaudited)
3 Months Ended
September 30,
Percent 9 Months Ended
September 30,
Percent
2010
2009
Change
2010
2009
Change
Operating revenues:
Mainline passenger $ 2,066 $ 1,757 17.6 $ 5,800 $ 5,092 13.9
Express passenger 746 662 12.7 2,114 1,856 13.9
Cargo 37 23 60.5 107 67 58.7
Other 330 277 19.3 980 817 19.9
Total operating revenues 3,179 2,719 16.9 9,001 7,832 14.9
Operating expenses:
Aircraft fuel and related taxes 625 534 17.0 1,775 1,353 31.3
Loss (gain) on fuel hedging instruments, net:
Realized - 50 nm - 382 nm
Unrealized - (48 ) nm - (375 ) nm
Salaries and related costs 579 553 4.7 1,708 1,653 3.3
Express expenses:
Fuel 197 171 15.5 562 438 28.3
Other 497 483 2.9 1,465 1,444 1.4
Aircraft rent 168 171 (1.8 ) 508 523 (2.9 )
Aircraft maintenance 160 174 (8.1 ) 479 532 (10.1 )
Other rent and landing fees 143 148 (3.4 ) 413 422 (2.1 )
Selling expenses 118 99 18.8 320 291 9.8
Special items, net 3 15 (82.0 ) (1 ) 22 nm
Depreciation and amortization 65 63 3.2 189 185 2.3
Other 309 300 3.3 907 859 5.7
Total operating expenses 2,864 2,713 5.6 8,325 7,729 7.7
Operating income 315 6 nm 676 103 nm
Nonoperating income (expense):
Interest income 2 5 (53.2 ) 11 17 (36.9 )
Interest expense, net (83 ) (81 ) 2.9 (252 ) (229 ) 9.8
Other, net 7 (10 ) nm 41 (16 ) nm
Total nonoperating expense, net (74 ) (86 ) (13.9 ) (200 ) (228 ) (12.2 )
Income (loss) before income taxes 241 (80 ) nm 476 (125 ) nm
Income tax provision 1 - nm 1 - nm
Net income (loss) $ 240 $ (80 ) nm $ 475 $ (125 ) nm
Earnings (loss) per common share
Basic $ 1.49 $ (0.60 ) $ 2.94 $ (1.01 )
Diluted $ 1.22 $ (0.60 ) $ 2.45 $ (1.01 )
Shares used for computation (in thousands):
Basic 161,464 132,985 161,290 123,632
Diluted 204,535 132,985 200,775 123,632
US Airways Group, Inc.
Operating Statistics
3 Months Ended
September 30,
Percent
9 Months Ended
September 30,
Percent
2010
2009
Change
2010
2009
Change
Mainline
Revenue passenger miles (millions) 16,159 15,719 2.8 44,742 44,553 0.4
Available seat miles (ASM) (millions) 19,143 18,718 2.3 54,162 54,007 0.3
Passenger load factor (percent) 84.4 84.0 0.4 pts 82.6 82.5 0.1 pts
Yield (cents) 12.79 11.18 14.4 12.96 11.43 13.4
Passenger revenue per ASM (cents) 10.79 9.39 15.0 10.71 9.43 13.6
Passenger enplanements (thousands) 13,487 13,049 3.4 38,853 38,899 (0.1 )
Departures (thousands) 115 115 - 337 350 (3.7 )
Aircraft at end of period 339 348 (2.6 ) 339 348 (2.6 )
Block hours (thousands) 311 313 (0.8 ) 902 934 (3.4 )
Average stage length (miles) 1,014 1,013 0.1 990 977 1.3
Average passenger journey (miles) 1,779 1,766 0.7 1,697 1,650 2.8
Fuel consumption (gallons in millions) 288 282 2.2 811 818 (0.8 )
Average aircraft fuel price including related taxes (dollars per gallon) 2.17 1.89 14.6 2.19 1.65 32.4
Average aircraft fuel price including related taxes and realized loss on fuel hedging instruments, net (dollars per gallon)
2.17 2.07 4.7 2.19 2.12 3.2
Full-time equivalent employees at end of period 30,455 31,592 (3.6 ) 30,455 31,592 (3.6 )
Operating cost per ASM (cents) 11.34 11.00 3.1 11.63 10.82 7.4
Operating cost per ASM excluding special items (cents) 11.32 11.18 1.3 11.63 11.48 1.3
Operating cost per ASM excluding special items and fuel (cents) 8.06 8.06 - 8.35 8.27 1.0
Operating cost per ASM excluding special items, fuel and profit sharing (cents)
7.93 8.06 (1.6 ) 8.27 8.27 -
Express*
Revenue passenger miles (millions) 2,858 2,873 (0.5 ) 7,906 8,055 (1.9 )
Available seat miles (millions) 3,729 3,785 (1.5 ) 10,639 10,917 (2.5 )
Passenger load factor (percent) 76.6 75.9 0.7 pts 74.3 73.8 0.5 pts
Yield (cents) 26.11 23.06 13.2 26.74 23.04 16.1
Passenger revenue per ASM (cents) 20.01 17.50 14.3 19.87 17.00 16.9
Passenger enplanements (thousands) 7,381 7,235 2.0 20,589 20,264 1.6
Aircraft at end of period 281 288 (2.4 ) 281 288 (2.4 )
Fuel consumption (gallons in millions) 88 89 (0.1 ) 251 256 (2.0 )
Average aircraft fuel price including related taxes (dollars per gallon) 2.23 1.93 15.6 2.24 1.71 30.9
Operating cost per ASM (cents) 18.61 17.27 7.8 19.05 17.24 10.5
Operating cost per ASM excluding special items (cents) 18.61 17.27 7.8 19.06 17.24 10.6
Operating cost per ASM excluding special items and fuel (cents) 13.32 12.76 4.4 13.78 13.23 4.2
Total Mainline & Express
Revenue passenger miles (millions) 19,017 18,592 2.3 52,648 52,608 0.1
Available seat miles (millions) 22,872 22,503 1.6 64,801 64,924 (0.2 )
Passenger load factor (percent) 83.1 82.6 0.5 pts 81.2 81.0 0.2 pts
Yield (cents) 14.79 13.01 13.6 15.03 13.21 13.8
Passenger revenue per ASM (cents) 12.30 10.75 14.4 12.21 10.70 14.1
Total revenue per ASM (cents) 13.90 12.08 15.0 13.89 12.06 15.1
Passenger enplanements (thousands) 20,868 20,284 2.9 59,442 59,163 0.5
Aircraft at end of period 620 636 (2.5 ) 620 636 (2.5 )
Fuel consumption (gallons in millions) 376 371 1.6 1,062 1,074 (1.1 )
Average aircraft fuel price including related taxes (dollars per gallon) 2.18 1.90 14.8 2.20 1.67 32.0
Operating cost per ASM (cents) 12.52 12.06 3.9 12.85 11.90 7.9
* Express includes US Airways Group's wholly owned regional airline subsidiaries, Piedmont Airlines and PSA Airlines, as well as operating and financial results from capacity purchase agreements with Republic Airlines, Mesa Airlines, Air Wisconsin Airlines and Chautauqua Airlines.
Reconciliation of GAAP Financial Information to Non-GAAP Financial Information
US Airways Group, Inc. (the "Company") is providing disclosure of the reconciliation of reported non-GAAP financial measures to their comparable financial measures on a GAAP basis. The Company believes that the non-GAAP financial measures provide investors the ability to measure financial performance excluding special items and profit sharing, which is more indicative of the Company’s ongoing performance and is more comparable to measures reported by other major airlines. The Company believes that the presentation of mainline and Express CASM excluding fuel is useful to investors as both the cost and availability of fuel are subject to many economic and political factors beyond the Company’s control. Management uses mainline and Express CASM excluding special items, fuel and profit sharing to evaluate the Company's operating performance.
3 Months Ended
September 30,
9 Months Ended
September 30,
2010
2009
2010
2009
Reconciliation of Net Income (Loss) Excluding Special Items (In millions, except share and per share amounts) (In millions, except share and per share amounts)
Net income (loss) as reported $ 240 $ (80 ) $ 475 $ (125 )
Special items:
Unrealized gain on fuel hedging instruments, net (1) - (48 ) - (375 )
Special items, net (2) 3 15 (1 ) 22
Express operating special items, net (3) - - (1 ) -
Nonoperating special items, net (4) - 3 (53 ) 12
Net income (loss) as adjusted for special items $ 243 $ (110 ) $ 420 $ (466 )
3 Months Ended
September 30,
9 Months Ended
September 30,
Reconciliation of Basic and Diluted Earnings (Loss) Per Share As Adjusted for Special Items
2010
2009
2010
2009
Net income (loss) as adjusted for special items $ 243 $ (110 ) $ 420 $ (466 )
Shares used for computation (in thousands):
Basic 161,464 132,985 161,290 123,632
Diluted 204,535 132,985 200,775 123,632
Earnings (loss) per share as adjusted for special items:
Basic $ 1.50 $ (0.83 ) $ 2.60 $ (3.77 )
Diluted (5) $ 1.23 $ (0.83 ) $ 2.17 $ (3.77 )
3 Months Ended
September 30,
9 Months Ended
September 30,
Reconciliation of Operating Income (Loss) Excluding Special Items
2010
2009
2010
2009
Operating income as reported $ 315 $ 6 $ 676 $ 103
Special items:
Unrealized gain on fuel hedging instruments, net (1) - (48 ) - (375 )
Special items, net (2) 3 15 (1 ) 22
Express operating special items, net (3) - - (1 ) -
Operating income (loss) as adjusted for special items $ 318 $ (27 ) $ 674 $ (250 )
3 Months Ended
September 30,
9 Months Ended
September 30,
Reconciliation of Operating Cost per ASM Excluding Special Items, Fuel and Profit Sharing - Mainline only
2010
2009
2010
2009
Total operating expenses $ 2,864 $ 2,713 $ 8,325 $ 7,729
Less Express expenses:
Fuel (197 ) (171 ) (562 ) (438 )
Other (497 ) (483 ) (1,465 ) (1,444 )
Total mainline operating expenses 2,170 2,059 6,298 5,847
Special items:
Unrealized gain on fuel hedging instruments, net (1) - 48 - 375
Special items, net (2) (3 ) (15 ) 1 (22 )
Mainline operating expenses, excluding special items 2,167 2,092 6,299 6,200
Fuel:
Aircraft fuel and related taxes (625 ) (534 ) (1,775 ) (1,353 )
Realized loss on fuel hedging instruments, net (6) - (50 ) - (382 )
Mainline operating expenses, excluding special items and fuel 1,542 1,508 4,524 4,465
Profit sharing (25 ) - (43 ) -
Mainline operating expenses, excluding special items, fuel and profit sharing
$ 1,517 $ 1,508 $ 4,481 $ 4,465
(In cents)
Mainline operating expenses per ASM $ 11.34 $ 11.00 $ 11.63 $ 10.82
Special items per ASM:
Unrealized gain on fuel hedging instruments, net (1) - 0.26 - 0.69
Special items, net (2) (0.01 ) (0.08 ) - (0.04 )
Mainline operating expenses per ASM, excluding special items 11.32 11.18 11.63 11.48
Fuel per ASM:
Aircraft fuel and related taxes (3.26 ) (2.85 ) (3.28 ) (2.50 )
Realized loss on fuel hedging instruments, net (6) - (0.27 ) - (0.71 )
Mainline operating expenses per ASM, excluding special items and fuel
8.06 8.06 8.35 8.27
Profit sharing per ASM (0.13 ) - (0.08 ) -
Mainline operating expenses per ASM, excluding special items, fuel and profit sharing
$ 7.93 $ 8.06 $ 8.27 $ 8.27
3 Months Ended
September 30,
9 Months Ended
September 30,
Reconciliation of Operating Cost per ASM Excluding Special
2010
2009
2010
2009
Items and Fuel - Express only
Total Express operating expenses $ 694 $ 654 $ 2,027 $ 1,882
Special items:
Express operating special items, net (3) - - 1 -
Express operating expenses, excluding special items 694 654 2,028 1,882
Aircraft fuel and related taxes (197 ) (171 ) (562 ) (438 )
Express operating expenses, excluding special items and fuel $ 497 $ 483 $ 1,466 $ 1,444
(In cents)
Express operating expenses per ASM $ 18.61 $ 17.27 $ 19.05 $ 17.24
Special items per ASM:
Express operating special items, net (3) - - 0.01 -
Express operating expenses per ASM, excluding special items 18.61 17.27 19.06 17.24
Aircraft fuel and related taxes (5.29 ) (4.51 ) (5.28 ) (4.01 )
Express operating expenses per ASM, excluding special items and fuel
$ 13.32 $ 12.76 $ 13.78 $ 13.23
Note: Amounts may not recalculate due to rounding.
FOOTNOTES:
1) The 2009 third quarter and nine month periods included $48 million and $375 million of net unrealized gains, respectively, resulting from mark-to-market accounting for changes in the fair value of the Company's fuel hedging instruments. These unrealized gains were due primarily to the reversal of unrealized losses recognized in prior periods as hedge transactions settled in the 2009 period.
2) The 2010 third quarter included $3 million in other net special charges. The 2010 nine month period included a $16 million refund of Aviation Security Infrastructure Fees (“ASIF”) paid to the Transportation Security Administration (“TSA”) during the years 2005 to 2009, offset by other net special charges of $10 million, which included a settlement and corporate transaction costs, and $5 million in aircraft costs as a result of previously announced capacity reductions. The 2009 third quarter included $10 million in aircraft costs as a result of capacity reductions and $5 million in severance and other charges. The 2009 nine month period included $16 million in aircraft costs as a result of capacity reductions and $6 million in severance and other charges.
3) The 2010 nine month period included a $1 million refund for our Express subsidiaries of ASIF paid to the TSA during the years 2005 to 2009.
4) The 2010 nine month period included $53 million of net realized gains related to the sale of certain investments in auction rate securities. The 2009 third quarter included a $3 million other-than-temporary non-cash impairment charge for investments in auction rate securities. The 2009 nine month period included $10 million in other-than-temporary non-cash impairment charges for investments in auction rate securities and a $2 million non-cash asset impairment charge.
5) The 2010 third quarter diluted EPS excludes $9 million of interest, net of profit sharing, related to the Company's 7.25% and 7% convertible notes. The 2010 nine month period diluted EPS excludes $17 million of interest, net of profit sharing, related to the Company's 7.25% convertible notes.
6) The 2009 third quarter and nine month periods included $50 million and $382 million of net realized losses, respectively, on settled fuel hedge transactions.
US Airways Group, Inc.
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30, 2010 December 31, 2009
Assets
Current assets
Cash, cash equivalents and investments in marketable securities $ 1,940 $ 1,299
Accounts receivable, net 371 285
Materials and supplies, net 223 227
Prepaid expenses and other 538 520
Total current assets 3,072 2,331
Property and equipment
Flight equipment 4,105 3,852
Ground property and equipment 824 883
Less accumulated depreciation and amortization (1,250 ) (1,151 )
3,679 3,584
Equipment purchase deposits 91 112
Total property and equipment 3,770 3,696
Other assets
Other intangibles, net 483 503
Restricted cash 389 480
Investments in marketable securities 59 203
Other assets 233 241
Total other assets 1,164 1,427
Total assets $ 8,006 $ 7,454
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities
Current maturities of debt and capital leases $ 441 $ 502
Accounts payable 372 337
Air traffic liability 1,036 778
Accrued compensation and vacation 256 178
Accrued taxes 154 141
Other accrued expenses 790 853
Total current liabilities 3,049 2,789
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 3,987 4,024
Deferred gains and credits, net 342 377
Employee benefit liabilities and other 554 619
Total noncurrent liabilities and deferred credits 4,883 5,020
Stockholders' equity (deficit)
Common stock 2 2
Additional paid-in capital 2,117 2,107
Accumulated other comprehensive income 34 90
Accumulated deficit (2,066 ) (2,541 )
Treasury stock (13 ) (13 )
Total stockholders' equity (deficit) 74 (355 )
Total liabilities and stockholders’ equity (deficit) $ 8,006 $ 7,454
Profiting from US Airways Group's Earnings Announcement with an Option Straddle; LCC
US Airways Group, Inc. (LCC) [Chart - Analysis - News] is slated to release its quarterly earnings report before the market opens on Wednesday, October 20th -- which means now might be the time to consider buying a long straddle if you want to take advantage of the normal volatility that surrounds earnings season. See Trading Option Straddles During Earnings Releases.
For instance, at the closing bell on Friday, October 8th, the Nov 9 Straddle, which is the first in-the-money strike price, was selling for approximately $1.45 -- $0.77 to buy the Nov 9 call option and $0.68 to buy the Nov 9 put option. Buying the Nov 9 straddle at this price would give you a breakeven point of $10.45 to the upside and $7.55 to the downside.
If LCC can meet or beat analyst expectations and provide a positive outlook for future performance, the stock has a good chance of jumping higher and pushing the straddle into profitable territory on the upside. On the other hand, if LCC misses analyst estimates or downgrades its earnings outlook, the stock will most likely drop and generate profits on the straddle to the downside. Either way, as long as the stock moves far enough, or generates enough volatility, you can make money with a long straddle.
Of course, the stock could also stay right where it is -- causing you to lose money the straddle -- but by buying an intermediate expiration, like the Nov expiration, you can give the stock time to move one direction or the other. It's also important to remember that the maximum amount you have at risk when you buy a straddle is your initial debit, which is $1.45 in this case. Plus, the only way you will realize this maximum loss is if LCC is trading exactly for $9 at expiration so you will most likely retain some value in the straddle even if the trade moves against you.
Based on the analyst consensus figures, it looks like most traders believe LCC is going to announce a profit of $1.12 per share. Comparing the consensus estimate with LCC's profit of 83 cents per share a year ago, you can see that most analysts believe the company performed better this year than it did last year.
LCC has lost 22 cents (2.37 percent) during the past week and is currently trading below its 20-day and 50-day moving averages but above its 200-day moving average.
http://www.learningmarkets.com/News-Feed/2010101152291/profiting-from-us-airways-groups-earnings-announcement-with-an-option-straddle-lcc.html
EARNINGS PREVIEW: US Airlines To Give Capacity Forecasts
US Airways Group Inc. (LCC) - reports Oct. 20
Wall Street Expectations: The company is expected to post earnings of $1.15 a share on $3.18 billion in revenue, compared with a year-earlier loss of 60 cents and $2.72 billion of revenue.
Key Issues: Chief Executive Doug Parker is known for expressing the industry's discontent over what it sees as regulatory meddling, and recent federal passenger-rights plans may well stoke those sentiments. US Airways's recent performance may focus buyout attention on its expanding international network and capacity in busy East Coast markets.
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201010131417dowjonesdjonline000437&title=earnings-previewus-airlines-to-give-capacity-forecasts
Relatively High EBITDA Growth in the Airlines Industry Detected in Shares of AMR (AMR, LUV, AAI, LCC, DAL)
Below are the five companies in the Airlines industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power.
AMR (NYSE:AMR) has the highest with EBITDA Growth of 320.5%; Southwest Airlines (NYSE:LUV) is next with EBITDA Growth of 80.0%; and AirTran Holdings (NYSE:AAI) has the next highest with EBITDA Growth of 66.6%.
US Airways Group (NYSE:LCC) follows with EBITDA Growth of 66.0% and Delta Air Lines (NYSE:DAL) rounds out the group with EBITDA Growth of 63.2%.
SmarTrend is bullish on shares of LUV and our subscribers were alerted to Buy on July 27, 2010 at $12.07. The stock has risen 6.5% since the alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/relatively-high-ebitda-growth-airlines-industry-detected-shares-amr-amr-luv-a
i think i am leaving here saj. check out the PWER and LCC board. i will be there.
Jazz Pharmaceuticals Announces Paragraph IV ANDA Filing for Xyrem
PALO ALTO, Calif., Oct 05, 2010 /PRNewswire via COMTEX/ -- Jazz Pharmaceuticals, Inc. (JAZZ 11.55, +0.60, +5.48%) today announced that the website of the US Food and Drug Administration indicates that an Abbreviated New Drug Application (ANDA) for a generic version of Xyrem(R) (sodium oxybate oral solution) 500 mg/ml was submitted on July 8, 2010. Jazz Pharmaceuticals has not received a Paragraph IV certification with respect to this filing.
Jazz Pharmaceuticals intends to vigorously enforce its intellectual property rights. Xyrem is protected by seven patents covering its formulation and the company's distribution system for the product, including five patents listed in the FDA's Approved Drug Products List (the Orange Book).
About Jazz Pharmaceuticals, Inc.
Jazz Pharmaceuticals is a specialty pharmaceutical company focused on identifying, developing and commercializing innovative products to meet unmet medical needs in neurology and psychiatry. For further information see www.JazzPharmaceuticals.com.
http://www.marketwatch.com/story/jazz-pharmaceuticals-announces-paragraph-iv-anda-filing-for-xyrem-2010-10-05?reflink=MW_news_stmp
FDA Rejection, but Still Jazzed Up
It looks like the Food and Drug Administration threw the book at Jazz Pharmaceuticals (Nasdaq: JAZZ), but investors seem to think that book is fairly light. The drugmaker is trading up nearly 5% today, even though the FDA declined to approve its fibromyalgia treatment JZP-6.
Of course, investors were clearly expecting Jazz to get sent back to the drawing board; a Motley Poll last week showed rejection beating approval by a 5-to-1 margin. That's not as one-sided as the 20-to-2 recommendation against approval made by the FDA advisory panel, but it was a strong vote of no confidence nonetheless.
What, then, will it take for JZP-6 to gain approval? The answer is less than clear.
Not surprisingly, the agency has a problem with the distribution of the drug. Jazz already sells JZP-6 as a treatment for narcolepsy under the brand name Xyrem, and Jazz will likely have to stick with that name for fibromyalgia. The FDA also wants a new Risk Evaluation and Mitigation Strategies (REMS) to ensure that the drug is only prescribed to patients who should be taking it. Jazz submitted new information after the FDA advisory panel met, but the FDA didn't factor that into the decision.
The bigger concern is the FDA's request for trials to determine safety in patients who are taking additional medications, and to distinguish which patient population should use the product. Given the safety concerns, Jazz may be forced to narrow the population for JZP-6 to patients who have failed all the other options: Pfizer's (NYSE: PFE) Lyrica, Eli Lilly's (NYSE: LLY) Cymbalta, and Savella from Forest Labs (NYSE: FRX) and Cypress Bioscience (Nasdaq: CYPB).
http://www.fool.com/investing/general/2010/10/11/fda-rejection-but-still-jazzed-up.aspx
11.50$
this company doesnt needs an additional aprooval to keep rising.
MNI 3.85$
Top 5 Companies in the Electronic Components Industry With the Smallest Short Interest
(SCON, GLW, AVX, PWER, DLB)
Below are the top five companies in the Electronic Components industry ranked by the lowest short interest ratio. A low short interest ratio may indicate that there are only a few people who are bearish on the stock.
Superconductor Technologies (NASDAQ:SCON) has a short interest ratio of 1.2 based on average daily volume of 174,000 shares and 213,000 shares short. That equates to 0.8% of the 26.6 million shares outstanding.
Corning (NYSE:GLW) has a short interest ratio of 1.7 based on average daily volume of 16 million shares and 27.9 million shares short. That equates to 1.8% of the 1.6 billion shares outstanding.
AVX (NYSE:AVX) has a short interest ratio of 2 based on average daily volume of 304,000 shares and 609,000 shares short. That equates to 0.4% of the 170.1 million shares outstanding.
Power-One (NASDAQ:PWER) has a short interest ratio of 2.8 based on average daily volume of 7 million shares and 20.6 million shares short. That equates to 19.3% of the 106.3 million shares outstanding.
Dolby Laboratories (NYSE:DLB) has a short interest ratio of 4 based on average daily volume of 807,000 shares and 3.2 million shares short. That equates to 2.9% of the 112.7 million shares outstanding.
SmarTrend is bearish on shares of SCON and our subscribers were alerted to Sell on May 05, 2010 at $2.69. The stock has fallen 33.3% since the alert was issued.
SCLN 2.80$
PWER Target Prices as of 10.07.2010
Mean estimate : 15.19
Median estimate : 15.50
High estimate : 19.00
Low estimate : 10.00
Estimated P/E : 13.57
Power-One Acquires Fat Spaniel Technologies, Expanding Power Management Capabilities for Renewable Energy Producers
CAMARILLO, Calif., Oct. 6, 2010 (GLOBE NEWSWIRE) -- Power-One, Inc. (Nasdaq:PWER - News), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, announced today that it has acquired the assets of Fat Spaniel Technologies, Inc., a leading provider of lifecycle management software for renewable energy assets. The acquisition extends Power-One's performance and technology advantage with its award winning inverters, while providing its customers with a stronger feature-set and enhanced system control to manage renewable energy assets, including solar installations. Financial terms of the transaction were not disclosed.
"Fat Spaniel is a market leader in enabling producers of renewable power to reliably and efficiently connect with the grid," said Dr. Alex Levran, President of Renewable Energy Solutions at Power-One. "This acquisition expands our broad array of features that provide greater system control and yield for our customers and enhances the value of Power-One's inverters as we expand our market opportunity and continue to gain share."
Power-One's inverters provide a single point of control between the solar panels and the grid and therefore represent a core asset in power generation system. By integrating Fat Spaniel's remote monitoring and asset management solution, Power-One increases the value of its inverters to its customers, capitalizes on a faster go-to-market strategy and gains a strong U.S. and worldwide customer base. The transaction also addresses Power-One's goal to strengthen its R&D team by adding experienced software engineers.
Fat Spaniel's software provides critical insight into revenue-generating renewable energy assets. The solutions identify and address problematic assets, allowing energy producers to increase energy harvest and performance ratios, cut the costs of operations & maintenance, reduce operational and financial risk, and improve return on investment. Fat Spaniel's web-based, automated monitoring and reporting software operates on a Software as a Service (SaaS) platform.
Power-One will continue to serve Fat Spaniel's customers and host its existing software solution.
http://finance.yahoo.com/news/PowerOne-Acquires-Fat-Spaniel-pz-4128959355.html?x=0&.v=1
Power-One Announces U.S. Certification for PVI-300 Modular Commercial Inverter for North America
CAMARILLO, Calif., Oct. 6, 2010 (GLOBE NEWSWIRE) -- Power-One, Inc. (Nasdaq:PWER - News) announces its PVI-250 and PVI-300 Central PV inverters have been certified and listed by the Canadian Standards Association (CSA) to UL 1741 second edition and CSA C22.2 No.107.1-01 standards, making these popular commercial and utility grade renewable energy power inverters available for sale and installation across North America.
These products are the latest offering in a quickly expanding family of best-in-class inverters for the North American solar market.
"Obtaining the required certification for the new PVI-CENTRAL-250-US and PVI-CENTRAL-300-US is the next step for Power-One to launch its popular central inverters throughout the North American marketplace," said Paolo Casini, Vice President Product Marketing, Renewable Energy Solutions.
"These inverters feature Power-One's unique modular architecture with reduced operation and maintenance costs, improved operation availability and multiple power-point tracking (MPPT). The benefits of Power-One Aurora products include a full range of inverters from small 3kw residential inverters to large utility grade 1.4MW turnkey solutions, all featuring high performance efficiency, best in class energy harvesting and a global service and support network."
The PVI-CENTRAL-250-US and PVI-CENTRAL-300-US will be followed by a further addition to the family with a 400KW transformerless unit, for connection to a medium voltage transformer, by end of the year.
For more information on Power-One please visit www.power-one.com. Also look out for Power-One's range of Aurora power inverters (Booth #4326) at the Solar Power International tradeshow from October 12-14 at the Los Angeles Convention Centre.
http://finance.yahoo.com/news/PowerOne-Announces-US-pz-3933693040.html?x=0&.v=1
Intersil and Power-One Announce License Agreement
MILPITAS, CA and CAMARILLO, CA--(Marketwire - 09/30/10) - Intersil Corporation (NASDAQ:ISIL - News) and Power-One, Inc. (NASDAQ:PWER - News) today announced an agreement under which Intersil has licensed Power-One's Digital Power Technologies (DPT). The license expands the market for Intersil's industry-leading analog and digital power management products that provide digital monitoring and control, including those that support the PMBus™ protocol. The non-exclusive Field of Use license agreement for Power-One's DPT patents will benefit customers that use Intersil's point-of-load controllers, particularly those using Intersil's family of digital power products from Zilker Labs. The license also extends to Intersil's power module products.
Digital power technology enables customers to optimize power conversion efficiency, reduce energy costs and enhance energy management capabilities. It drives increased power density, lower cooling costs, improved product functionality, advanced monitoring and flexible product configuration.
Zilker Labs' patented Digital-DC™ technology is an innovative mixed-signal power conversion and management architecture that combines an efficient digital loop synchronous switching regulator, adaptive MOSFET drivers and a digital control interface into one IC. This unique approach provides superior efficiency, flexibility and scalability while decreasing board space and design complexity by reducing the number of discrete components. Intersil acquired Zilker Labs in December 2008, and this license agreement allows Zilker Labs' products to address an even broader range of applications.
This license marks another milestone in Power-One's growing partnerships with global leaders, opening the market and expanding access to power management products that support serial bus communications using the PMBus™ protocol. The PMBus™ standard specification, developed by a consortium of 40 power supply, telecommunications equipment and semiconductor providers, defines a digital communication protocol that enables power converters to be configured, monitored and maintained according to a set of more than 100 commands. PMBus™ provides increased reliability and system intelligence. Designers can set a power supply's operating parameters, monitor operation and perform corrective measures in response to faults or if the power shuts a system down.
For more information on Intersil's digital power products, visit: www.intersil.com/zilkerlabs.
For more information on Power-One's digital power products, visit:
http://www.power-one.com/power_solutions.html.
About Intersil
Intersil Corporation is a leader in the design and manufacture of high-performance analog, mixed signal and power management semiconductors. The Company's products address some of the fastest growing markets within the communications, computing, consumer and industrial industries. For more information about Intersil or to find out how to become a member of our winning team, visit the Company's web site and career page at www.intersil.com.
http://finance.yahoo.com/news/Intersil-and-PowerOne-iw-2541336455.html?x=0&.v=1
im suprised about the market today. very very suprised.
well i see lot of Commercials for Fidelity Bank and i belive lot of people have signed up there. if this thing with the banks earnings is thru. DEAR should be one of the winners. i might overthing my thoughts. gl
lol i like PEIX came in through my rader. made some money earlier in the year. had it for 0.80 but sold in the same day. 52 week high was 2.75$ lol
gl man
looking stable her at 9$+ like LCC. it has come down already the other stocks have to follow. marketleader?
this market sucks i swear.
i lost so much cash today im thinking about to stop trading.
ahh man i see this market red for the next weeks i swear!
if earnings season doesnt kicks in with AA at first forget it!
im not feeling much lucky today bro, lost lot of cash today!
i belive its over homie, shorts have covered. cee you in 2 months or so. peace...
well i guess its over for the moment. market sucks again.
i think i agree on that. Monday it could be in. 3 days run...
DEAR = HAMMERTIME!
weeeeeeeee out at 2.15$ + 20% :D
because it bottomed out. hammer time. pow!
bottom here 1.35$?
yeah but if you look back PWER was way aboove its 200 day MA and DOW has just past it. look at LCC its trading similar to PWER. they still setting up for something IMO. either up or down.
i belive it will be up at the end. but october could get shaky.
lol.
imo they wil rise along with the market than get a down on the FDA Event and pullback along with the market again.
the FDA NO could be a good buy imo.
hmm i guess this is the reason why they now announce a share buy back program. they get thoose sold shares out of the market...??
hey clay could you drop a INDU chartvideo out for an update? have good day.
motomark, your 8.30$ is still a buy :)