For Immediate Release

Chicago, IL – April 23, 2010 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amgen (AMGN), Pfizer (PFE), GlaxoSmithKline (GSK), The New York Times Company (NYT) and Gannett Co. Inc. (GCI).

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Here are highlights from Thursday’s Analyst Blog:

Amgen Beats but Tones Down Outlook

Amgen (AMGN) reported first quarter earnings per share of $1.28, 5 cents above the Zacks Consensus Estimate of $1.23 and well above the year-ago earnings of $1.07. Total revenues increased 9% to $3,592 million with US and international sales increasing 7% and 16%, respectively.

US sales were adversely impacted by $33 million due to the implementation of health care reform provisions. Meanwhile, international sales were boosted by $39 million due to the favorable impact of foreign exchange (Fx) fluctuation.

Both R&D and SG&A expenses at Amgen increased during the quarter. The 2% increase in R&D spend was mainly due to higher staff-related costs and lower expense recoveries from ongoing collaborations. This was partially offset by lower clinical trial costs primarily for denosumab.

SG&A expenses increased 13% during the quarter primarily due to increased spending for activities in preparation and anticipation of approval and launch of Prolia, higher expenses associated with the Pfizer (PFE) profit sharing arrangement for Enbrel, higher staff-related costs and litigation expenses. These were partially offset by expense recoveries related to the GlaxoSmithKline (GSK) collaboration for Prolia.

New York Times Earnings Jump

The New York Times Company (NYT) has posted better-than-expected first-quarter 2010 results that topped Zacks expectations on the heels of significant cost-cutting measures, newspaper price increase and improving trends in the advertising environment.

The quarterly earnings of 11 cents a share surpassed the Zacks Consensus Estimate of 4 cents, and rose substantially from a loss of 34 cents delivered in the prior-year quarter.

On a reported basis, including one-time items, quarterly earnings came in at 8 cents a share compared to a loss of 52 cents posted in the year-ago quarter.

The publisher of The New York Times and The Boston Globe indicated that both digital and print advertising revenue trends were improving as the economy eases. Another media conglomerate, Gannett Co. Inc. (GCI) also hinted at an improvement in the advertising environment helped by strengthening economies of the U.S. and U.K.

The rate of fall in the top-line decelerated during the quarter. After plunging 11.5% in fourth-quarter 2009, the rate of decline in total revenue shrunk to 3.2% year-over-year to $587.9 million.

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