Aug

02

2005

Notable Earnings: August 2nd Before the Bell

Several high quality companies are reporting this morning led by United Therapeutics (UTHR) with a rank of 52 out of 60.   The developer of therapies for the treatment of cardiovascular, oncological and infectious diseases posted a profit for the first time in the June ‘04 quartrer and growth has accelertated ever since.  Quarter over quarter earnings growth in the last 4 quarters has been 264%, 550%, 287% and 444%.  This morning, the company isn’t hitting those lofty numbers again, but has smashed estimates nonetheless by .16/share by posting 172% quarter over quarter growth.  The stock is soaring in premarket trading, up nearly 16%.  United Therapeutics has carved out a very short base and volume levels don’t indicate real healthy action up to this point.  Look for the stock to return to the area around 57 – 58 as a possible opportunity to initiate a position.

Rank 51/60

• A.M. Castle & Co (CAS):  The plastic and specialty metals distributor is looking to bolt out of a base this morning on strong earnings.  This is a company that has bounced back in a big way in the last year after losing money in the previous 3. 
• Schawk Inc (SGK): The provider of digital imaging prepress services to the consumer products packaging market beats by a penny.  The stock is in the process of carving out a new base.
• A.D.A.M Inc (ADAM): The publisher of interactive healthcare educational products is a very small company with no analyst estimates, but has posted another strong quarter with an increase in revenue of 29% and increase of 79% in earnings from the year ago period.  The stock is currently working on carving out the right side of a base.

Other notables reporting this morning in order of rank….

Amedisys (AMED) – up 9% in premarket, Coach (COH), Laserscope (LSCP) – up 8% in premarket, Remington Oil (REM), Oskosh (OSK), Eagle Materials (EXP), Accredited Home Lenders (LEND), Vital Images (VTAL) – up 18% in premarket trading, Coventry Health (CVH), TXU Corp (TXU), Petroquest Energy (PQUE), Genesee (GWR) and American Capital Strategies (ACAS)