Daily Markets - No Surprise At All
Daily Markets - No Surprise At All |
- No Surprise At All
- Janus Capital Beats Estimates
- NCR Corp. Swings To Profit
- Cabot Beats On EPS, Revenue Misses
- Good News For MannKind
- Record-Breaking 2Q For Watsco
- Pfizer’s Pain Drug Runs Aground
- Dover Corp. Beats On Higher Revs
- ITT Edu. Beats, Enrollment Slows
- Flextronics Marginally Beats
- McGraw-Hill Beats By A Penny
- C.R. Bard Beats, Profit Climbs
- NextEra Energy Bests Estimates
- Newfield Slips In Q2
- Ryder Beats, Raises Outlook
- Pool Beats On Higher Sales
- Deckers Beats Zacks Estimate
- QLogic Misses Expectations
- Chipotle Tops Expectations
- Cepheid Narrows Loss, Reaffirms
- E*TRADE Swings To Profit
- Compuware Misses Expectations
- SanDisk Beats Zacks Consensus
- Texas Capital Reports In-Line
- Interactive Brokers Misses Again
- Strong Quarter For Alexion
- Healthways Beats, Ups Outlook
- Is The U.S. In Terminal Condition?
| Posted: 23 Jul 2010 04:00 PM PDT Policymaker like U.S. Treasury Secretary Timothy Geithner must find it awfully frustrating that no matter how upbeat they are about economic prospects, the man in the street just isn’t buying it.
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| Posted: 23 Jul 2010 03:35 PM PDT Janus Capital Group Inc.'s (NYSE:JNS) second quarter earnings per share came in at 17 cents, outpacing the Zacks Consensus Estimate of 15 cents primarily due to higher average assets under management (AUM). This also came in significantly higher than the 10 cents reported in the year-ago quarter but was flat sequentially. Net income was $30.2 million as compared with $31.3 million in the prior quarter and $15.8 million in the year-ago quarter.
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| Posted: 23 Jul 2010 03:15 PM PDT NCR Corporation's (NYSE:NCR) second quarter loss per share of 35 cents exceeded the Zacks Consensus Estimate loss of 31 cents. Revenue NCR reported second quarter 2010 revenue of $1.18 billion, an increase of 4.7% from $1.12 billion in the year-ago quarter. This includes a benefit of one percentage point from foreign currency translation. Year-over-year revenue growth benefited from improving global economic conditions, especially fueled by overseas markets, such as Europe and Asia-Pacific. … [visit site to read more]
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| Cabot Beats On EPS, Revenue Misses Posted: 23 Jul 2010 03:15 PM PDT Cabot Oil and Gas (NYSE:COG), an independent energy exploration and production (E&P) company, reported second quarter earnings per share (excluding special items) of 19 cents, surpassing the Zacks Consensus Estimate of 16 cents.
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| Posted: 23 Jul 2010 03:00 PM PDT MannKind Corporation (NASDAQ:MNKD) received a boost when the US Food and Drug Administration (FDA) accepted MannKind's response to the complete response letter (CRL) issued by the agency on its inhaled insulin candidate, Afrezza. The candidate is being developed for treating type I and type II diabetes.
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| Posted: 23 Jul 2010 03:00 PM PDT The second quarter for Watsco Inc. (NYSE:WSO) was stellar, the company having reported a record-breaking performance. More specifically, Watsco's revenue, gross profit, operating profit, net income and earnings per share (EPS) all touched historical highs. EPS in the quarter was $1.08, up an impressive 93% from 56 cents in the year-ago quarter, and outstripped the Zacks Consensus Estimate of 97 cents. The results were driven by growth in sales of higher-efficiency HVAC systems and a 27-cent per … [visit site to read more]
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| Pfizer’s Pain Drug Runs Aground Posted: 23 Jul 2010 02:45 PM PDT Pfizer Inc. (PFE) recently announced the suspension of studies of tanezumab for chronic low back pain and diabetic nerve pain. The decision was taken following a request by the US Food and Drug Administration (FDA). For the time being, these studies will not recruit new patients and patient-dosing will be suspended. Earlier, in June, the regulatory body had asked Pfizer to stop testing tanezumab in patients with osteoarthritis based on reports of the disease becoming more severe in a … [visit site to read more]
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| Dover Corp. Beats On Higher Revs Posted: 23 Jul 2010 02:35 PM PDT Dover Corporation (NYSE:DOV) reported second-quarter 2010 earnings from continuing operations of 91 cents per share, beating the Zacks Consensus Estimate of 78 cents by 13 cents. Results were ahead of the prior-year quarter earnings from continuing operations of 54 cents per share. Net income from continuing operations for the quarter was $171.9 million, up 70% from $100.9 million reported in the second-quarter 2009. Including a loss from discontinued operations of $2.0 million or 1 cent per … [visit site to read more]
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| ITT Edu. Beats, Enrollment Slows Posted: 23 Jul 2010 02:35 PM PDT ITT Educational Services Inc. (NYSE:ESI), a provider of undergraduate and graduate degree programs in the U.S., recorded strong 35.1% growth in second-quarter earnings to $96.0 million, from $71.1 million in the year-ago quarter. Quarterly earnings per share came in at $2.78, which easily surpassed the Zacks Consensus Estimate of $2.67 as well as the year-ago earnings of $1.85 per share. ITT Educational recorded a 26.7% growth in revenue to $401.8 million, compared to $317.1 million in the … [visit site to read more]
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| Posted: 23 Jul 2010 02:15 PM PDT A leading designer and provider of electronics manufacturing services, Flextronics International Ltd. (NASDAQ:FLEX) reported strong first quarter 2011 results with both the revenues and earnings marginally beating the Zacks Consensus Estimate. Revenues and earnings both exhibited strong growth sequentially and year over year.
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| Posted: 23 Jul 2010 02:15 PM PDT The McGraw-Hill Companies, Inc. (NYSE:MHP), a publisher and provider of financial information and media services, reported better-than-expected second-quarter 2010 results on the heels of robust performance across Standard & Poor's (S&Ps) indices, the U.S. higher education market and global energy information markets. The quarterly earnings of 61 cents a share topped the Zacks Consensus Estimate by a penny, and rose 5.2% from 58 cents posted in the prior-year quarter. The prior-year … [visit site to read more]
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| C.R. Bard Beats, Profit Climbs Posted: 23 Jul 2010 02:05 PM PDT C. R. Bard (NYSE:BCR) reported its second quarter results after the closing bell yesterday, with an adjusted (excluding acquisition-related items and write-downs) earnings per share of $1.39 surpassing the Zacks Consensus Estimate of $1.36 and the year-ago earnings of $1.23.
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| NextEra Energy Bests Estimates Posted: 23 Jul 2010 02:05 PM PDT NextEra Energy Inc. (NEE) announced second-quarter 2010 operating earnings of $1.11 per share compared with 99 cents per share in the year-ago quarter. The results of the company outpaced the Zacks Consensus Estimate, as provided by 13 covering analysts, by 5 cents. GAAP earnings of NextEra Energy for the second quarter of 2010 were $1.01 per share compared with 91 cents per share recorded in the year-ago period. The difference of 10 cents between operating and GAAP earnings, during the … [visit site to read more]
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| Posted: 23 Jul 2010 01:50 PM PDT Newfield Exploration Co. (NYSE:NFX) reported second-quarter earnings of $1.06 per share, below the Zacks Consensus Estimate of $1.08 and year-earlier profit of $1.28. The weaker-than-expected results were due to lower natural gas price realizations and higher operating expenses, partially offset by perked-up production volumes.
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| Posted: 23 Jul 2010 01:50 PM PDT Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions, reported second-quarter earnings of 58 cents per share, which surpassed the Zacks Consensus Estimate of 49 cents. The company released its second-quarter earnings on July 22, 2010. The company's earnings shot up 21% from the year-ago quarter's earnings of 48 cents. Stronger-than-expected earnings growth in the quarter was driven by higher commercial rental demand and stronger used … [visit site to read more]
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| Posted: 23 Jul 2010 01:35 PM PDT Pool Corp. (NASDAQ:POOL) reported second quarter 2010 earnings of $1.05 per share, slightly higher than the Zacks Consensus Estimate of $1.03. The increase was driven by a modest rise in net sales. A reviving economy also improved the company's performance in the quarter. Pool had earned 99 cents in the comparable quarter last year. The company reported an 8% year-over-year rise in net sales of $647.5 million during the quarter, well ahead of Zacks Consensus Estimate of $623 … [visit site to read more]
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| Posted: 23 Jul 2010 01:20 PM PDT Deckers Outdoor Corporation (NASDAQ:DECK), the maker of sheepskin boots and slippers, recently delivered better-than-expected second quarter results on the heels of strong demand for the product lines under the UGG and Teva brands. Quarterly Discussion The quarterly earnings of 23 cents a share outpaced the Zacks Consensus Estimate of 10 cents, and rose more than twofold from 9 cents which was posted in the prior-year quarter.
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| Posted: 23 Jul 2010 01:20 PM PDT A leading supplier of high performance network infrastructure solutions, QLogic Corp. (NASDAQ:QLGC) reported first quarter 2011 results (both earnings and revenues) that missed the Zacks Consensus Estimate. Lower-than-expected results led to a fall in share price of more thank 16% in Friday trading. Revenues of $142.6 million were below the Zacks Consensus Estimate of $144.0 million and earnings per share of 21 cents (including stock-based compensation but excluding one-time charges) missed the … [visit site to read more]
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| Posted: 23 Jul 2010 01:05 PM PDT Chipotle Mexican Grill, Inc (NYSE:CMG) posted its second quarter 2010 results which topped the Zacks Consensus Estimate. This was buoyed by the higher traffic count and new restaurant openings. Quarterly earnings of $1.46 per share outpaced the Zacks Consensus Estimate of $1.39, and soared 32.7% from $1.10 in the prior-year quarter. Chipotle said that revenues for the quarter rose 20.1% to $466.8 million driven by new restaurant openings and increase in comparable-store sales. The reported … [visit site to read more]
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| Cepheid Narrows Loss, Reaffirms Posted: 23 Jul 2010 01:05 PM PDT Cepheid (NASDAQ:CPHD) lowered its second quarter fiscal 2010 loss per share to 3 cents as compared with a loss of 12 cents in the second quarter of 2009. After making adjustments, the company's earnings came in at 5 cents per share, much better than the Zacks Consensus Estimate of a loss of 10 cents and the year-ago loss of 4 cents per share. Revenues for the quarter increased 21.0% to $49.6 million, marginally beating the Zacks Consensus estimate of $49.0 million. Revenue increase was driven by … [visit site to read more]
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| Posted: 23 Jul 2010 12:45 PM PDT E*TRADE Financial Corporation (NASDAQ:ETFC) has turned to profitability in the second quarter of 2010 after reporting losses over the last three years. The company reported earnings of 12 cents per share versus the Zacks Consensus Estimate of a loss of 11 cents. The significant turnaround in its results was helped by a drop in loan loss provisions in the quarter. Results were also supported by lower operating expenses though revenue dropped in the quarter. E*TRADE reported net income of $35 … [visit site to read more]
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| Posted: 23 Jul 2010 12:45 PM PDT Compuware Corp. (NASDAQ:CPWR) reported disappointing results for the first quarter of fiscal 2011. Revenues came in at $206.5 million; down 3.7% from the year-earlier quarter and much lower than the Zacks Consensus Estimate of $216 million. On a product basis, revenues from software license fees came in at $33.3 million, up 4.7% from the year-earlier quarter (excluding divested products). Compuware earlier divested a few of its peripheral products and services (Quality family of products and … [visit site to read more]
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| Posted: 23 Jul 2010 12:45 PM PDT SanDisk's (NASDAQ:SNDK) second quarter 2010 earnings of $1.02 cents per share and revenue of $1.18 billion exceeded the Zacks Consensus EPS of 86 cents, and our revenue estimate of $1.16 billion. Revenue Total revenue for the second quarter was $1.18 billion, up 61.0% on a year-over-year basis, and up 9.0% on a sequential basis. Revenue for the quarter was in-line with the company's guidance range of $1.1 billion to $1.2 billion. This growth in revenue may be attributed to stellar OEM … [visit site to read more]
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| Posted: 23 Jul 2010 12:30 PM PDT Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported second quarter 2010 earnings of 22 cents per share, in line with the Zacks Consensus Estimate. The results compare favorably with earnings of 6 cents in the year-ago period. The prior-year quarter results included the impact of the preferred stock dividend related to the Troubled Asset Relief Program that reduced the prior-year quarter earnings by 13 cents. While the company experienced an increase in interest income and margin expansion … [visit site to read more]
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| Interactive Brokers Misses Again Posted: 23 Jul 2010 12:30 PM PDT Interactive Brokers Group Inc.'s (NASDAQ:IBKR) second quarter 2010 earnings of 9 cents per share were 57.1% short of the Zacks Consensus Estimate of 21 cents. Earnings were also down 71.0% from 31 cents in the prior-year quarter. Results deteriorated mainly due to a negative growth in the top-line, constrained liquidity and other challenges in the market. Interactive Brokers also experienced lower operating results. However, the balance sheet remained highly liquid with a relatively low … [visit site to read more]
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| Posted: 23 Jul 2010 12:30 PM PDT Alexion Pharmaceuticals' (NASDAQ:ALXN) second quarter fiscal 2010 earnings (excluding special items but including stock-based compensation) of 31 cents per share was well above the year-ago earnings of 18 cents per share. On a reported basis, the company earned 39 cents per share in the reported quarter as against 26 cents in the year-ago quarter. The Zacks Consensus Estimate for the second quarter of 2010 was 30 cents per share. Alexion's revenues increased 36.4% year-over-year to $125.8 … [visit site to read more]
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| Posted: 23 Jul 2010 12:20 PM PDT Healthways (NASDAQ:HWAY) reported second-quarter 2010 adjusted (excluding one-time items) earnings per share of 29 cents, beating the Zacks Consensus Estimate of 27 cents and the year-ago figure of 26 cents. Healthways' total revenue of $175.5 million in the reported quarter was approximately in line with the Zacks Consensus Estimate of $176 million. Revenue Revenue was $175.5 million in the second quarter, down marginally from $177.8 million in the year-ago period due to alterations or … [visit site to read more]
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| Is The U.S. In Terminal Condition? Posted: 23 Jul 2010 11:16 AM PDT “The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” - Thomas Jefferson Roger Nusbaum, a widely quoted and successful financial planner and blogger (Random Roger’s Big Picture) issued a great post today on problems confronting productive workers in our economy, who expect some benefit from their efforts later in life. I responded to Roger’s post as follows: “You bring to the fore issues that politicians are loathe to deal … [visit site to read more]
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