Daily Markets - Franklin Resources Outshines Estimates
Daily Markets - Franklin Resources Outshines Estimates |
- Franklin Resources Outshines Estimates
- TTEK Beats, Raises Outlook
- Owens-Illinois Misses By A Penny
- NOV Beats, Backlog Slides
- ADP Reports Q4 In Line
- Greatbatch Beats, Reaffirms View
- Williams Misses On Lower Volumes
- Vivo Matches Ests, Profit Swells
- Moody’s Beats, Guidance Mixed
- Ventas Tops Estimates
- Why The Recession Ended
- Equifax Edges Past Consensus
- Kellogg Crashes, Outlook Bleak
- LSI In Line, Revs Misses
- RadioShack Meets Zacks Estimate
- Vistaprint Records Mixed Results
- Shutterfly Tops Zacks Estimates
- Tesoro Moves Beyond Expectations
- Fox Business Highlights Need For SEC Transparency
- MDCO Tops Zacks Estimates
- Eni Slips, Profit Jumps
- EUR/USD Hits Resistance At 1.3100
- The Five-Step Market-Beating Formula For Successful Investing
- O’Reilly Beats, Ups Outlook
- Equity Residential Tops Estimates
- Book Review:Information Rules: A Strategic Guide To The Network Economy
- Walter Energy Sweeps Estimates
- Varian Beats Zacks Estimates
- Mutual Funds: Top 5 European Funds
- Swiss Franc: Under Pressure
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Under Pressure
- Japanese Yen: Caution
- British Pound: Under Pressure
- Euro: The Downside Prevails
- Teradyne: Another Blow-Out Quarter
- ESRX Beats By A Penny
| Franklin Resources Outshines Estimates Posted: 29 Jul 2010 11:50 AM PDT Franklin Resources Inc.’s (NYSE:BEN) third-quarter earnings of $1.58 per share surpassed the Zacks Consensus Estimate of $1.48. Results were also significantly ahead of the prior-year’s earnings of $1.28 per share.
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| Posted: 29 Jul 2010 11:50 AM PDT Tetra Tech Inc. (NASDAQ:TTEK) recorded another strong quarter performance, reporting earnings per share of 33 cents, above the Zacks Consensus Estimate of 30 cents. The company outperformed its own expectation for the quarter on both top line and bottom line, driven by strong front-end consulting and engineering services to federal and international clients.
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| Owens-Illinois Misses By A Penny Posted: 29 Jul 2010 11:35 AM PDT Owens-Illinois Inc. (NYSE:OI) delivered earnings per share of 90 cents in its second quarter, falling short of the Zacks Consensus Estimate of 91 cents as well as the year-earlier profit of 94 cents.
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| Posted: 29 Jul 2010 11:35 AM PDT Oilfield service company National-Oilwell Varco (NYSE:NOV) reported better-than-expected second quarter results. The company's earnings per share, excluding transaction charges, came in at 97 cents, well above the Zacks Consensus Estimate of 93 cents.
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| Posted: 29 Jul 2010 11:35 AM PDT Automatic Data Processing Inc. (NYSE:ADP) announced results for the fourth quarter of fiscal 2010. Adjusted net earnings from continuing operations for the quarter were 42 cents per share, in line with the Zacks Consensus Estimate. Earnings per share were down 3 cents from 45 cents reported in the year-ago quarter, attributable to increased unemployment and the negative effect of the economic downturn. Earnings per share were negatively affected by a higher effective tax rate in the quarter and … [visit site to read more]
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| Greatbatch Beats, Reaffirms View Posted: 29 Jul 2010 11:15 AM PDT Greatbatch Inc. (NYSE:GB) reported second quarter 2010 results on July 28, with earnings per share of 40 cents on an adjusted basis (excluding one-time charges such as consolidation and integration costs) beating the Zacks Consensus Estimate by a penny while coming in line with the year-ago earnings. Net income surged roughly 19% year over year to $7.8 million (or 33 cents a share) on account of higher sales.
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| Williams Misses On Lower Volumes Posted: 29 Jul 2010 11:15 AM PDT Natural gas producer and pipeline firm Williams Companies (NYSE:WMB) reported weaker-than-expected second-quarter 2010 results, as the company’s decision to curtail drilling activity led to lower volumes.
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| Vivo Matches Ests, Profit Swells Posted: 29 Jul 2010 11:15 AM PDT Vivo Participacoes (NYSE:VIV), the largest wireless operator in Brazil , reported second-quarter earnings per ADS of 33 cents, in line with the Zacks Consensus Estimate. However, net income surged 29.9% year over year to R$236 million ($132 million) on the back of higher revenues and healthy subscriber accretion.
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| Posted: 29 Jul 2010 11:15 AM PDT Moody’s Inc.’s (NYSE:MCO) second-quarter 2010 earnings beat the Zacks Consensus Estimate by 5 cents on higher revenues that also exceeding expectations. The results reflect strong activity in corporate and financial institution debt markets, largely driven by high-yield bond and loan issuance.
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| Posted: 29 Jul 2010 11:00 AM PDT Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust (REIT), reported second quarter 2010 funds from operations (FFO) of $101.3 million or 64 cents per share, compared to $96.6 million or 63 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income.
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| Posted: 29 Jul 2010 10:45 AM PDT In the wake of the collapse of Lehman Brothers, the related near-failure of Citigroup (NYSE:C) and the shotgun weddings of J.P. Morgan (NYSE:JPM) and Washington Mutual, Bank of America (NYSE:BAC) with Merrill Lynch, and Wells Fargo (NYSE:WFC) with Wachovia, there was an extraordinary policy response form both the Federal Reserve, and from the Federal Government. There were many facets of this response, although the two most prominent were the TARP and the Stimulus Act, or ARRA. The big question is what … [visit site to read more]
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| Posted: 29 Jul 2010 10:45 AM PDT Equifax Inc. (NYSE:EFX) reported second quarter adjusted earnings per share of 58 cents exceeding the Zacks Consensus Estimate by a penny.
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| Kellogg Crashes, Outlook Bleak Posted: 29 Jul 2010 10:45 AM PDT Kellogg Company (NYSE:K) recently posted weak net sales, operating profits and foreign currency translation, on the back of softness in the cereal category, declining Eggo sales and the impact of the voluntary recall of select packages of breakfast cereals. The quarterly earnings of 79 cents were way behind the Zacks Consensus Estimate of 94 cents, plunging 15% from 92 cents delivered in the prior-year quarter. Excluding foreign currency translation, earnings per share declined 11%. Moreover, … [visit site to read more]
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| Posted: 29 Jul 2010 10:35 AM PDT California-based LSI Corp. (NYSE:LSI) reported revenues of $639 million in the second quarter of 2010, up 23% year over year but flat sequentially and toward the low end of management's guidance of $635 – $665 million. The results missed the Zacks Consensus Estimate of $653 million.
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| RadioShack Meets Zacks Estimate Posted: 29 Jul 2010 10:15 AM PDT RadioShack Corp. (NYSE:RSH) has declared second quarter 2010 financial results mostly in line with the Zacks Consensus Estimate. Comparable store sales for the company-operated stores and kiosks (stores and kiosks opened at least a year) grew 6.7% year over year. This is a key retail performance indicator measuring growth from existing sales locations.
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| Vistaprint Records Mixed Results Posted: 29 Jul 2010 10:05 AM PDT Vistaprint N.V. (NASDAQ:VPRT) recorded its fourth-quarter 2010 adjusted earnings of $17.3 million or 38 cents per share, which declined 12% year over year but surpassed the Zacks Consensus Estimate of 25 cents. Earnings were at the high end of the guidance range of 35 cents–38 cents.
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| Shutterfly Tops Zacks Estimates Posted: 29 Jul 2010 10:05 AM PDT Shutterfly Inc. (NASDAQ:SFLY) reported its adjusted second quarter 2010 loss of $3.1 million or 12 cents per share, up from a net loss of $3.5 million or 14 cents and outpaced the Zacks Consensus Estimate of 30 cents loss per share. The results were ahead of the guidance range of 21 cents to 18 cents loss per … [visit site to read more]
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| Tesoro Moves Beyond Expectations Posted: 29 Jul 2010 09:50 AM PDT Independent refiner and marketer of refined petroleum products, Tesoro corp. (NYSE:TSO) reported better-then-expected second quarter 2010 results. Net earnings per share, excluding certain benefits, came in at 30 cents, beating the Zacks Consensus Estimate of 18 cents. In the year-ago period, the Texas-based company reported a loss per share of 33 cents.
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| Fox Business Highlights Need For SEC Transparency Posted: 29 Jul 2010 09:33 AM PDT Kudos to Fox Business News for leading the charge within the financial media on the need for real transparency at the SEC. FBN's Adam Schapiro was just on chatting with Stuart Varney on this very important topic. Listen to Adam, and ponder his comments in light of the Madoff and Stanford travesties that took place literally right under the nose of the SEC. (Clicking on the image will bring you to the Fox Business News website, and the video clip will begin to play … [visit site to read more]
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| Posted: 29 Jul 2010 09:30 AM PDT The Medicines Co. (NASDAQ:MDCO) reported a second-quarter profit of 27 cents per share, including the impact of stock-based compensation expense. Second quarter profit was well above the Zacks Consensus Estimate of 23 cents and the year-ago earnings of 8 cents. Performance was boosted by higher revenues and lower operating expenses. The company completed its cost reduction program by cutting more than 100 jobs and expects to achieve annual savings in the range of $14.5 million–$16.5 … [visit site to read more]
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| Posted: 29 Jul 2010 09:20 AM PDT Eni SpA (NYSE:E) reported second-quarter earnings per ADR of 90 euro cents ($1.15), compared with 50 euro cents (68 cents) in the year-earlier quarter and the Zacks Consensus Estimate of $1.22. Though earnings missed the consensus estimate, it increased significantly from the year-earlier quarter driven by an improvement in crude prices and a stronger U.S. dollar versus the euro.
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| EUR/USD Hits Resistance At 1.3100 Posted: 29 Jul 2010 09:18 AM PDT Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (7/29/2010) morning, has reached its upside resistance target of 1.3100, as noted in Monday’s EUR/USD analysis. This occurs within the context of an accelerated parallel uptrend channel that originally stems from the 1.1875 low in early June, and after breaking out cleanly above the prior 1.3026 high. After hitting and slightly exceeding the 1.3100 resistance target, price action has stalled, but still continues … [visit site to read more]
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| The Five-Step Market-Beating Formula For Successful Investing Posted: 29 Jul 2010 09:15 AM PDT Thursday, July 29, 2010: Issue #1312
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| Posted: 29 Jul 2010 09:05 AM PDT O'Reilly Automotive Inc. (NASDAQ:ORLY) has revealed a 34% increase in profit to $114.6 million in the second quarter of the year from $85.5 million in the same quarter a year-ago. The profit excluded the charge related to the investigation of CSK Auto Corporation – acquired by the company two years ago – by the U.S. Department of Justice (DOJ).
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| Equity Residential Tops Estimates Posted: 29 Jul 2010 09:05 AM PDT Equity Residential (NYSE:EQR), a leading real estate investment trust (REIT), reported fiscal 2010 second quarter funds from operations (FFO) of $175.0 million or 58 cents per share, compared to $168.7 million or 58 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The second quarter 2010 FFO beat the Zacks Consensus Estimate by 3 … [visit site to read more]
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| Book Review:Information Rules: A Strategic Guide To The Network Economy Posted: 29 Jul 2010 08:59 AM PDT By Sandesh Trivedi, sandeshtrivedi@gmail.com
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| Walter Energy Sweeps Estimates Posted: 29 Jul 2010 08:50 AM PDT Premium metallurgical coal producer and exporter Walter Energy Incorporation (NYSE:WLT) announced its operating earnings for the second-quarter 2010 of $2.16 per share versus 21 cents per share in the year-ago quarter. The results of the company were higher than the Zacks Consensus Estimate of $1.94 per share by 22 cent.
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| Posted: 29 Jul 2010 08:35 AM PDT Varian Medical Systems (NYSE:VAR) announced third-quarter 2010 adjusted (excluding one-time items) earnings per share from continuing operations of 74 cents, beating the Zacks Consensus estimate of 65 cents and the year-ago figure of 68 cents.
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| Mutual Funds: Top 5 European Funds Posted: 29 Jul 2010 08:35 AM PDT The European Commission's announcement that confidence in the region's economy has risen to the highest level in two years signifies a clear improvement in Europe's economic outlook. Additionally, positive results from the EU bank's stress tests and prospects of a weak US recovery have pushed the euro to its highest level since the region's $1 trillion bailout. Mutual funds focusing on Europe are back in favor again as the region offers healthy prospects for investors. Of particular … [visit site to read more]
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| Posted: 29 Jul 2010 08:18 AM PDT |
| Australian Dollar: The Downside Prevails Posted: 29 Jul 2010 08:18 AM PDT |
| Canadian Dollar: Under Pressure Posted: 29 Jul 2010 08:18 AM PDT |
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| Teradyne: Another Blow-Out Quarter Posted: 29 Jul 2010 08:15 AM PDT Teradyne (NYSE:TER) reported second-quarter earnings that beat the Zacks Consensus Estimate by 13 cents, or 22.0%. Analysts were clearly expecting much weaker results, since there were no changes to estimates over the last 60 days. This was in spite of the fact that the company has a very good surprise history, with the average positive surprise at 23.4% in the preceding four quarters. Management attributed the increase to solid revenue growth.
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| Posted: 29 Jul 2010 08:15 AM PDT Express Scripts Inc.'s (NASDAQ:ESRX) second quarter earnings of 60 cents per share (excluding special items) beat the Zacks Consensus Estimate by a penny and the year-ago adjusted earnings by 15 cents. On a reported basis, the company earned 53 cents per share as against 37 cents earned a year ago.
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