Earnings, Analysts & Acquisition Reviews: CSX Corporation, Chesapeake Energy, Michael Kors Holdings, VIVUS, Federal National Mortgage PR Newswire NEW YORK, November 7, 2013 NEW YORK, November 7, 2013 /PRNewswire/ -- Market Buzz Report, engaged in providing daily updates on small cap stocks, issues recent news for CSX Corporation (NYSE:CSX), Chesapeake Energy Corporation(NYSE:CHK), Michael Kors Holdings Ltd(NYSE:KORS), VIVUS, Inc.(NASDAQ:VVUS), Federal National Mortgage Association(OTCBB:FNMA). CSX Corporation (NYSE:CSX) reaffirms guidance for FY13 (Dec), sees EPS of slightly higher than FY12 (FY12: $1.79) vs. $1.81 Capital IQ Consensus Estimate. Co discussed the company's recent financial performance today at the Baird Industrials Conference in Chicago, Ill. Eliasson reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. Free Urgent Insider Catalyst Report For CSX Available Here:http://marketbuzzreport.com/index.php?code=CSX(Or Copy and paste the URL into your browser) Eliasson reaffirmed the company's long-term guidance for earnings per share, which are expected to grow over a two year period at an average rate of 10 to 15 percent through 2015 off the 2013 base, although that is more challenging in the near term given the coal environment. The company remains focused on sustaining an operating ratio in the high-60s by 2015, and the mid-60s longer-term. Deutsche Bank raises their Michael Kors Holdings Ltd(NYSE:KORS) target to $91 from $85. KORS posted another strong quarter, with results above expectations. Notably, given investor angst in to the print, mgmt.'s reassuring guide & underlying confidence provide comfort around the next leg of the story. In terms of growth, co is gaining validation as a global luxury brand as it makes inroads in to Europe. Though KORS is up ~55% YTD, in DB's view, the current multiple does not yet properly value its strong/scarce prospects. Is KORS a Strong Buy After The Recent Rally? Get Special Trend Analysis Herehttp://marketbuzzreport.com/index.php?code=KORS(Or Copy and paste the URL into your browser) Chesapeake Energy Corporation(NYSE:CHK)'s Q3 earnings beat estimates and revenue rose 64% Y/Y to $4.87B.Total production slipped 2% to 4B cfe/day primarily due to asset sales; adjusted for the sales, production rose ~8% Y/Y and 5% Q/Q.Average daily natural gas liquids production rose 31%, while oil production gained 23% and natural gas production fell 10%.Raises full-year oil-production outlook by 2M barrels to a range of 40M-42M barrels, a 28%-34% increase Y/Y; full-year 2013 drilling, completion and leasehold capex fell by $300M to $5.7B-$6B.Expects to complete another $600M in asset disposals during Q4 after already raising $3.6B from asset sales YTD.Operating expenses fell 28% to $4.43B. Free Urgent Insider Catalyst Report For CHK Available Here:http://marketbuzzreport.com/index.php?code=CHK(Or Copy and paste the URL into your browser) Shares of VIVUS, Inc.(NASDAQ:VVUS) are trading lower by double-digits as investors digest Q3 results and evaluate news that the company is cutting 17% of its workforce.Not helping matters is BofA's Steve Byrne who downgraded the shares to Neutral from Buy and cut his price target to $11 from $17."Paltry sales growth and a company now in cost cutting mode add to the challenges of securing a strong partner near-term," Byrne says, adding that despite "Qsymia's best-in-class efficacy [and] potentially large market opportunity, [BofA does not] view VVUS' current 150-specialty sales force as equipped to penetrate the large PCP market." Is VVUS a Strong Buy After The Recent Slump? Get Special Trend Analysis Herehttp://marketbuzzreport.com/index.php?code=VVUS(Or Copy and paste the URL into your browser) Federal National Mortgage Association(OTCBB:FNMA) dragged nine banks to court accusing them of manipulating London interbank offered rate which costed the mortgage-financing firm about $800 million. The U.S. government-owned firm alleged that banks such as Citigroup, Bank of America as well as JP Morgan and Chase acted for suppressing rates submitted to British Bankers Association. Global authorities are investigating claims that a number of banks changed submissions used for setting benchmarks like Libor for profiting from bets on interest-rate derivatives. Free Urgent Insider Catalyst Report For FNMA Available Here:http://marketbuzzreport.com/index.php?code=FNMA(Or Copy and paste the URL into your browser) This suppression led to Fannie Mae losing $332 million on interest-rate swaps with UBS AG, Barclays Plc, Credit Suisse, Deutsche Bank AG, Royal Bank of Scotland amongst others. The company stated that defendants carried out a plan for defrauding Fannie Mae. The lawsuit includes claims of breach of contract as well as breach of implied duty of good faith. Nine banks were sued for fraud as well as abetting and Fannie Mae is looking to get compensation for punitive damages, consequential damages as well as prejudgment interest and attorneys' fees. USMarketBuzz.com is an investment community that Focuses on MicroCap Securities. USMarketBuzz.com is an authorative authentic Google News Site and Leading Provider of Investment Awareness and Featured Company Profiles. 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Earnings, Analysts & Acquisition Reviews: CSX Corporation, Chesapeake Energy, Michael Kors Holdings, VIVUS, Federal National
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