Beacon Equity Research announces the release of Stock Alerts covering market movers: Bristol-Myers Squibb Co. (NYSE: BMY), BP plc (NYSE: BP), Valero Energy Corp. (NYSE: VLO), Office Depot Inc. (NYSE: ODP), Under Armour Inc. (NYSE: UA) and Celanese Corp. (NYSE: CE).
In the Stock Alert, the author highlights Bristol-Myers’ first-quarter financial results:
“Bristol-Myers Squibb Co. (BMY) shares fell 3.70% to $19.78 at noon today. Bristol-Myers Squibb Co. (BMS) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of pharmaceutical and nutritional products. … Pharmaceutical giant BMS recently announced its financial results for the three months of 2009. … Thanks to solid sales of its pharmaceutical products and increased gross margins, revenues in the quarter rose 2.5% year-over-year to $5.02 billion, but came in short of consensus estimates of $5.13 billion. Excluding dollar translations, the company said it would have posted sales increase of up to 8%. … Excluding items, the New York-based company posted earnings of 48 cents per shares, which is in line with consensus estimates, according to data provided by FactSet Research.”
The Stock Alert author also featured BP’s first-quarter profit ahead of analysts' consensus:
“BP plc (BP) shares climbed 1.50% to trade at $42.55 at noon today. BP plc provides fuel for transportation, energy for heat and light, retail services and petrochemicals products. … Shares of BP plc, the second-largest European oil company, were driven up, after the company reversed its fourth-quarter loss. The company previously posted a loss of $3.3 billion in the fourth quarter, its first quarterly loss in seven years, amid falling oil prices. … Against the backdrop of recovering oil prices and improving refining margins, BP reported first-quarter profit that went ahead of analysts' consensus of $2.2 billion. However, result is still below the $7.1 billion profit it posted in the first quarter of 2008.”
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