Daily Markets - America - The Odd Man Out
Daily Markets - America - The Odd Man Out |
- America - The Odd Man Out
- A Matter Of Time
- Constellation Energy Slides
- Corning Beats Narrowly
- Allegheny Misses By A Penny
- Waters Matches Estimates Again
- NewAlliance Reports In Line
- CMS Energy Falls Short By A Penny
- PPDI Beats Zacks Estimates
- DST Systems’ 2Q Profit Jumps
- Analyst Interviews: Aerospace And Defense Review
- E*Trade’s Rating Outlook Raised
- Hess Corp. Beats Again
- Global Trade’s Remarkable Recovery: World Trade Projected To Expand By 8.1 Percent This Year
- Deutsche Bank’s Profit Grows
- Waddell & Reed A Penny Short
- Dominion Beats By A Nickel
- ATC Misses Expectations
- Newmont Falls Short Of Zacks Ests
- Sealed Air Misses But Affirms
- Forex Trading: NZD Interest Rate Decision Due At 5PM
| Posted: 28 Jul 2010 05:01 PM PDT At long last, a good portion of mainstream economists now concede that a ‘double dip’ recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President urging him to “stimulate” the economy with a massive new round of government spending. We feel this is a recipe for driving a recession into a depression. However, there can be few doubts that such a move is being considered in the highest policy circles. Flush from victories … [visit site to read more]
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| Posted: 28 Jul 2010 04:18 PM PDT Attention spans have fallen sharply in the digital age. People are used to pushing buttons and getting answers, or seeing things happen at an accelerated pace. Patience is no longer a virtue, but a throwback to a bygone era. History refers to what happened last month, last week, or during the last 24 hours, not over some extended period of time.
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| Posted: 28 Jul 2010 03:45 PM PDT Constellation Energy Group Inc.’s (NYSE:CEG) earnings for the second quarter of fiscal 2010 came in below the Zacks Consensus Estimate of 75 cents, slipping by 4 cents to 71 cents. The quarter’s earnings were also below the year-ago EPS of $1.08 by a large margin of 37 cents. On a reported basis, including one-time items, earnings came in at 36 cents, compared with earnings of 4 cents in the second quarter of 2009.
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| Posted: 28 Jul 2010 03:30 PM PDT Corning Inc.’s (NYSE:GLW) second quarter 2010 earnings exceeded the Zacks Consensus Estimate of 53 cents by a penny, or 2.1%. The earnings surprise was the result of higher volumes across all segments and expanding gross margins.
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| Posted: 28 Jul 2010 03:15 PM PDT Allegheny Technologies Inc. (NYSE:ATI) earned $36.4 million or 36 cents per share, slightly below the Zacks Consensus Estimate of 37 cents, though significantly higher than last year’s $3.6 million or 3 cents per share. Quarterly revenues soared 48% year over year to $1.05 billion from $710 million in the year-ago quarter on higher shipments and rising average selling prices. Sales grew 17%, sequentially. Yet revenues fell short of the Zacks Consensus Estimate of $966 million. Allegheny saw … [visit site to read more]
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| Waters Matches Estimates Again Posted: 28 Jul 2010 03:00 PM PDT Waters Corp. (NYSE:WAT) released its second quarter earnings today, before the market opened, which again matched the Zacks Consensus Estimate. The company reported earnings per share from continuing operations of 90 cents, an increase of 25% from 72 cents in the second quarter of 2009. Revenue On the top line, WAT outperformed the Zacks Consensus Estimate by $3 million, reporting total revenue of $391 million. Total revenue during the quarter increased by 8% year over year as the company … [visit site to read more]
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| Posted: 28 Jul 2010 03:00 PM PDT New Alliance Bancshares Inc.'s (NYSE:NAL) second quarter 2010 earnings came in at 15 cents per share, in line with the Zacks Consensus Estimate. This compares favorably with earnings of 14 cents in the prior quarter and 13 cents in the year-ago quarter.
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| CMS Energy Falls Short By A Penny Posted: 28 Jul 2010 02:50 PM PDT Energy utility CMS Energy Corporation (NYSE:CMS) announced its operating earnings for the second-quarter 2010 of 26 cents per share, compared with 28 cents per share in the year-ago quarter. The results of the company were lower than the Zacks Consensus Estimate of 27 cents by a penny. GAAP earnings of CMS Energy for the second quarter of 2010 were 32 cents per share in line with earnings recorded in the year-ago period. The difference between GAAP and operating earnings, during the second … [visit site to read more]
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| Posted: 28 Jul 2010 02:50 PM PDT Pharmaceutical Product Development's (NASDAQ:PPDI) second quarter 2010 earnings (excluding special items) of 23 cents per share surpassed the Zacks Consensus Estimate by 5 cents. On a reported basis, the company earned 18 cents per share as against 49 cents in the year-ago quarter.
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| Posted: 28 Jul 2010 02:50 PM PDT DST Systems Inc. (NYSE:DST) reported adjusted earnings of $1.23 per share in the second quarter, exceeding the Zacks Consensus Estimate of 93 cents. The adjusted figure excludes a contract termination payment gain net of related expenses, termination benefit expenses related to reductions in workforce, net gain on securities and other investments, and net gain on extinguishment of senior convertible debentures. Revenues Total revenue in the second quarter was $613.9 million, up 10.8% from … [visit site to read more]
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| Analyst Interviews: Aerospace And Defense Review Posted: 28 Jul 2010 02:30 PM PDT OVERVIEW In the last few years, elevated U.S. defense outlays reflected stepped up military operations related to the wars in Afghanistan and Iraq and the overall War on … [visit site to read more]
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| E*Trade’s Rating Outlook Raised Posted: 28 Jul 2010 02:30 PM PDT E*Trade Financial Corp.'s (NASDAQ:ETFC) rating outlook has been raised to “stable” from “negative” by Moody’s Investors Service, a subsidiary of Moody's Corp. (NYSE:MCO). The rating outlook lift reflects stronger capital levels and lowered burden of debt at E*Trade. Additionally, the resilience of its online brokerage business and a reduced probability of losses in E*Trade loan portfolio were recognized while raising the rating outlook. Currently, Moody’s has “B3″ long-term issuer rating and a … [visit site to read more]
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| Posted: 28 Jul 2010 02:30 PM PDT Hess Corp. (NYSE:HES) reported modestly better-than-expected second-quarter earnings of $1.15 per share, compared with the Zacks Consensus Estimate of $1.14 and the year-earlier profit of 31 cents. The increase was driven by increased production volumes and improved realized commodity prices, partially offset by a Marketing and Refining loss. Total revenue increased 14.7% year over year to $7.75 billion, but remained well below the Zacks Consensus Estimate of $9.48 billion. Operational … [visit site to read more]
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| Global Trade’s Remarkable Recovery: World Trade Projected To Expand By 8.1 Percent This Year Posted: 28 Jul 2010 02:23 PM PDT Excerpts from a bullish report on world trade and global shipping from IHS Global Insight (Press Release here and Executive Summary here): “Global trade along virtually every trade route has shown a remarkable recovery from the 2007–09 recession. Despite some commentators’ views that global trade volumes would not recover to their earlier levels before 2013 at the earliest, we are seeing what appears to be a sustained recovery in trade since late 2009 through at least the middle … [visit site to read more]
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| Posted: 28 Jul 2010 02:15 PM PDT Deutsche Bank AG (NYSE:DB) reported a second quarter net income of €1.2 billion ($1.5 billion) or €1.75 a share, up from €1.1 billion or €1.64 per share a year earlier. While the company experienced a substantial drop in revenues from investment banking, this was more than mitigated by lower loan loss provisions, gains realized from the acquisition of commercial banking activities from ABN AMRO in the Netherlands and a gain on its own debt. Deutsche Bank reported net revenues of €7.2 … [visit site to read more]
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| Posted: 28 Jul 2010 02:15 PM PDT Waddell & Reed Financial Inc.'s (NYSE:WDR) second-quarter earnings of 40 cents per share came in a penny short of the Zacks Consensus Estimate of 41 cents. However, this compares favorably with earnings of 27 cents in the prior-year quarter. Results for the quarter were aided primarily by improved gross sales across all of the company's revenue channels except Wholesale, stronger growth in assets under management and an improved operating margin. Offsetting these positives were … [visit site to read more]
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| Posted: 28 Jul 2010 02:05 PM PDT Dominion Resources Inc.'s (NYSE:D) second-quarter operating earnings per share of 72 cents came way ahead of the Zacks Consensus Estimate of 67 cents and prior-year earnings of 68 cents. Operating earnings increased 5.4% year over year to $426 million. Dominion's GAAP net income was $1.76 billion or $2.98 per share, as compared with $454 million or 76 cents per share in the year-ago period. GAAP net income includes various one-time after-tax items. However, Dominion's total revenue … [visit site to read more]
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| Posted: 28 Jul 2010 02:05 PM PDT ATC Technology Corp. (NASDAQ:ATAC) posted a profit of $7.8 million or 39 cents per share in the second quarter of the year, falling short of the Zacks Consensus Estimate by 6 cents and the year-ago level of $10.6 million or 53 cents per share (excluding goodwill impairment and restructuring charges). Revenues declined 9.6% to $104.4 million due to lower sales in the company's both Logistics and Drivetrain segments. The reduction in profit was attributable to a decrease in returns volumes with … [visit site to read more]
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| Newmont Falls Short Of Zacks Ests Posted: 28 Jul 2010 02:05 PM PDT Mining giant Newmont Mining Corporation's (NYSE:NEM) second quarter 2010 earnings (excluding extraordinary charges) of $377 million or 77 cents per share fell short of the Zacks Consensus Estimate of 87 cents. However, earnings jumped 79% from $211 million or 43 cents in the year-ago period. Including one-time charges, the company earned $382 million or 78 cents per share. Robust earnings were helped by higher gold prices, which reached a two-month high in June this year. Newmont realized gold … [visit site to read more]
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| Posted: 28 Jul 2010 02:05 PM PDT Sealed Air Corporation (NYSE:SEE) delivered adjusted earnings per share (EPS) of 35 cents for the second quarter ended June 30, 2010, missing the Zacks Consensus Estimate by 2 cents. Earnings per share in the quarter manifested a 3% increase over 34 cents in the year-ago quarter. Higher volumes across all regions, benefits from prior pricing actions and robust performance at the Protective Packaging segment contributed to the year-over-year improvement. The EPS of 35 cents, however, excluded a … [visit site to read more]
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| Forex Trading: NZD Interest Rate Decision Due At 5PM Posted: 28 Jul 2010 01:23 PM PDT |
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