Daily Markets - Peet’s Exceeds Consensus Estimates |
- Peet’s Exceeds Consensus Estimates
- CSC Makes Headway
- Unilever Profits Shoot Up 40%
- Symmetry Tops But Net Slides
- Hartford Exceeds, Profits Soar
- SM Energy Tops By A Penny
- Social Security Still In Good Shape
- Earnings Scorecard: Eastman Kodak
- TECO Energy Exceeds Estimates
- Universal Technical Tops
- Sina Bolstered By World Cup
- IFF Beats Estimates, Wary Of 2H
- Gold Is Still Alive And Kicking
- Weekly Rail Traffic Sets Record For 2009 And 2010
- Teradata Beats Zacks Consensus
- GS May Divest Proprietary Trading
- PPL Misses, Lowers Guidance
- Psychiatric Solutions Beats Est.
- Earnings Scorecard: Thermo Fisher
- Allstate Outshines Estimates
- Amerisafe Beats Est, Declines YoY
- Forex Trading: AUDUSD Bounces Off The 100 Hour MA But Will The Rebound Continue?
- Comstock Posts Narrower Loss
- GHDX Beats, But Cuts Guidance
- Global Investing Strategies: Shotguns, Rifles And Big-game Hunting… Wall Street Style
- Valeant Pharma Beats, Ups Guidance
- Lamar Loss Shrinks, Misses Estimate
- Denny’s Posts Disappointing 2Q
- Value Walk Noted In Prestigious Newspaper
- Time Warner Cable Outperforms
- Caribou Coffee Company Beats
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Under Pressure
- Initial Jobless Claims Bounce Back
- Jack In The Box Misses
- Forex Trading: GBPJPY Breaks Through Support
- Deflation: Déjà Vu All Over Again
| Peet’s Exceeds Consensus Estimates Posted: 05 Aug 2010 12:05 PM PDT Peet’s Coffee & Tea Inc. (NASDAQ:PEET) registered second-quarter earnings (excluding certain one-time items) of 31 cents a share, exceeding the Zacks Consensus Estimate of 29 cents by 6.9% and year-ago earnings of 26 cents by 19.2%. The better-than-expected results came in the wake of net sales growth and increased operating margin. Revenue and Margins Net sales recorded a growth of 9.8% to $80.8 million from $73.6 million in the year-ago quarter, but slightly missed the Zacks Consensus … [visit site to read more]
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| Posted: 05 Aug 2010 12:05 PM PDT The technology consulting and business process outsourcing company, Computer Science Corporation (NYSE:CSC) is securing order extensions at regular intervals. Latest in this series is a 10 year order extension, secured by the company's Business Process Outsourcing (BPO) division at one of the largest reinsurance companies, Swiss Re.
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| Posted: 05 Aug 2010 12:05 PM PDT Unilever NV (NYSE:UN) recently reported second-quarter 2010 results. Net income for the quarter spiked 40% to €1,062 million ($1,400.5 million) from the prior-year quarter. Earnings per share came in at €0.36 (47 cents per ADR) in the quarter, up 33% from the prior-year quarter but well below the Zacks Consensus Estimate of 51 cents. The year-over-year upswing was attributed to pro forma operating profit growth, cut in the restructuring charges, dip in the pension costs, positive currency … [visit site to read more]
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| Posted: 05 Aug 2010 12:05 PM PDT Symmetry Medical’s (NYSE:SMA) second-quarter adjusted earnings per share of 14 cents beat the Zacks Consensus Estimate of 11 cents, but were considerably below the year-ago earnings of 25 cents.
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| Hartford Exceeds, Profits Soar Posted: 05 Aug 2010 11:35 AM PDT Hartford Financial Services Group Inc. (NYSE:HIG) reported its second-quarter adjusted earnings of $460.0 million or 92 cents per share, surpassing the Zacks Consensus Estimate of 73 cents. The improved showing in Hartford was attributable to higher profits despite market volatility and higher-than-expected catastrophes. The upside was also attributable to strong profitability in Hartford's life and P&C businesses. Also, growth in assets under management and book value were impressive … [visit site to read more]
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| Posted: 05 Aug 2010 11:35 AM PDT SM Energy Company (NYSE:SM) reported second-quarter 2010 earnings of 16 cents per share, beating the Zacks Consensus Estimate of 15 cents primarily on better-than-expected production volume. However, the second-quarter result was well below the year-earlier earnings of 24 cents due to higher depreciation, depletion and amortization (DD&A) and general and administrative (G&A) expenses.
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| Social Security Still In Good Shape Posted: 05 Aug 2010 11:35 AM PDT This morning the annual report on the Social Security trust fund was finally released (it normally comes out in April). To read it in full see here, but a word of warning — it’s very long. Here are the key findings: "The projected point at which the combined Trust Funds will be exhausted comes in 2037 — the same as the estimate in last year's report. At that time, there will be sufficient tax revenue coming in to pay about 78 percent of benefits.
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| Earnings Scorecard: Eastman Kodak Posted: 05 Aug 2010 11:35 AM PDT Following the second quarter results on July 28, the analysts have turned pessimistic on Eastman Kodak Company (NYSE:EK) based on the continuous decrease in the prices of its products on account of slower market recovery. For fiscal 2010, sales are expected within the range of $7.5 billion to $7.7 billion, flat from the previous year, and net earnings in a range of $350 million to $450 million. Kodak expects net cash used in operating activities to be in the range of $50 million to $150 million … [visit site to read more]
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| Posted: 05 Aug 2010 11:05 AM PDT Energy utility TECO Energy Inc. (NYSE:TE) announced its second-quarter 2010 operating earnings of 37 cents per share, which beat the Zacks Consensus Estimate of 34 cents. The results of the company also came in stronger than the 29 cents reported in the year-ago quarter. GAAP earnings in the quarter were 35 cents per share versus 29 cents per share in the second quarter of 2009. The difference between the GAAP net income of $75.5 million and the operating net income of $79.6 million during the … [visit site to read more]
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| Posted: 05 Aug 2010 11:05 AM PDT Universal Technical Institute Inc. (NYSE:UTI) recently posted robust third-quarter 2010 results on the heels of strong enrollment and higher operating margins, which boosted the bottom line. The quarterly earnings of 25 cents per share edged past the Zacks Consensus Estimate by a penny, but witnessed a sharp rise from 8 cents earned in the prior-year quarter. Universal Technical's quarterly earnings topped the Zacks Consensus Estimate by 4.2%. The company's earnings surprise history for the … [visit site to read more]
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| Posted: 05 Aug 2010 11:05 AM PDT A leading online media company and mobile value added services for China, Sina Corp. (NASDAQ:SINA) announced strong second quarter 2010 results. Earnings spiked up 56.5% year over year to 37 cents per share, beating the Zacks Consensus Estimate by 8 cents. Strong growth was primarily driven by solid revenue growth and strong gross margin expansion. Earnings include stock-based compensation expenses but exclude one-time items. Earnings on a GAAP basis increased 67.9% year over year to 38 cents in … [visit site to read more]
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| IFF Beats Estimates, Wary Of 2H Posted: 05 Aug 2010 11:05 AM PDT International Flavors & Fragrances Inc. (NYSE:IFF) reported encouraging results for the second quarter of 2010. Adjusted net income soared 33.6% year over year to $68.7 million, or 85 cents per share compared with $51.4 million or 65 cents per share in the second quarter of 2009. Earnings per share (EPS) surpassed the Zacks Consensus Estimate of 82 cents.
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| Gold Is Still Alive And Kicking Posted: 05 Aug 2010 11:00 AM PDT Hello trading fans! Last week gold provided the market with a scare when it temporarily broke its long term uptrend line. As you know, a break of an uptrend could spell disaster given the possibility of a reversal. Hence, it’s a good thing that gold managed to pull itself back above the uptrend line again. Gold actually found a nice support at 1,160.00 after it cut through the uptrend line. And now that it is trading above it once more, it’s safe to say that it could continue its … [visit site to read more]
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| Weekly Rail Traffic Sets Record For 2009 And 2010 Posted: 05 Aug 2010 10:38 AM PDT WASHINGTON, D.C. – Aug. 5, 2010 – “The Association of American Railroads reported today that for the week ending July 31, 2010, U.S. railroads reported the highest traffic levels of 2010 for both carload and intermodal traffic. U.S. railroads originated 300,292 carloads for the week, up 9.4 percent compared with the same week in 2009, but down 10.6 percent from the same week in 2008. Intermodal traffic totaled 232,895 trailers and containers, up 20.2 percent from the same week in … [visit site to read more]
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| Teradata Beats Zacks Consensus Posted: 05 Aug 2010 10:35 AM PDT Before the opening bell today, Teradata Corp. (NYSE:TDC) reported fiscal 2010 second-quarter earnings of 44 cents per share, up 22.2% from 36 cents per share reported in the year-ago quarter. The company beat the Zacks Consensus Estimate of 41 cents per share by 3 cents. Earnings benefited from an improved operational performance and a lower tax rate. As a result, net income grew to $74 million or 15.7% of revenues from $62 million or 14.7% of total revenue in the year-ago quarter. Earnings … [visit site to read more]
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| GS May Divest Proprietary Trading Posted: 05 Aug 2010 10:35 AM PDT Goldman Sachs Group Inc. (NYSE:GS) is planning to spin off some or all of its proprietary trading businesses this month in order to abide by new regulations, according to a report on CNBC yesterday. The decision to spin off the proprietary trading businesses followed the regulatory reform bill that became law in July 2010. A provision in the law called Volcker Rule, named after Paul A. Volcker, former Federal Reserve chairman, restricts banks from utilizing their money to speculate on trades in … [visit site to read more]
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| Posted: 05 Aug 2010 10:35 AM PDT PPL Corp. (NYSE:PPL) posted second quarter 2010 earnings from continuing operations of 62 cents per share, missing the Zacks Consensus Estimate of 67 cents by 5 cents. However, the company's quarterly profit recorded a solid rise of 94% from the year-ago earnings of 32 cents. The year-over-year increase in earnings was due to robust earnings at the company's Supply segment. Revenue Net revenues in the quarter fell 10% to $1.5 billion compared to $1.7 billion in the year-ago period. Segment … [visit site to read more]
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| Psychiatric Solutions Beats Est. Posted: 05 Aug 2010 10:05 AM PDT Psychiatric Solutions Inc. (NASDAQ:PSYS) reported an EPS of 69 cents in the second quarter of 2010, surpassing the Zacks Consensus Estimate of 61 cents. EPS increased 11.1% from 62 cents in the year-ago quarter. Results for the second quarter included $6.4 million of transaction costs associated with its planned acquisition by Pennsylvania-based Universal Health Services Inc (NYSE:UHS). The acquisition is expected to close in the fourth quarter. Psychiatric Solutions reported a 10.4% year-over-year … [visit site to read more]
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| Earnings Scorecard: Thermo Fisher Posted: 05 Aug 2010 10:05 AM PDT Subsequent to the announcement of Thermo Fisher Scientific's (NYSE:TMO) second quarter fiscal 2010 results on July 27, 2010, revision of estimates among analysts depict a downward trend. Second Quarter Highlights Thermo Fisher reported an EPS of 57 cents in the second quarter of 2010 compared to 49 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 84 cents, meeting the Zacks Consensus Estimate and 14% higher than the second quarter of 2009. The … [visit site to read more]
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| Posted: 05 Aug 2010 10:05 AM PDT Allstate Corporation's (NYSE:ALL) second quarter operating earnings of 81 cents per share came in way ahead of the Zacks Consensus Estimate of 70 cents and the 55 cents per share recorded in the year-ago quarter. Results for the quarter deteriorated primarily due to lower revenue as a result of a significant decline in investment income. However, decreased expenses, prudent capital management and strong liquidity impressed during the reported quarter. Allstate's net income for the reported … [visit site to read more]
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| Amerisafe Beats Est, Declines YoY Posted: 05 Aug 2010 10:05 AM PDT Amerisafe Inc.'s (NASDAQ:AMSF) second quarter earnings of 54 cents per share came in substantially ahead of the Zacks Consensus Estimate of 45 cents. However, this compares unfavorably with the earnings of 67 cents in the prior-year quarter. Results benefited primarily due to substantial net realized gains on investments and lower expenses. However, the top line was down on a year-over-year basis as a result of lower net premiums earned and reduced investment income. The accident years 2004, … [visit site to read more]
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| Forex Trading: AUDUSD Bounces Off The 100 Hour MA But Will The Rebound Continue? Posted: 05 Aug 2010 09:40 AM PDT The AUDUSD has bounced off the 100 hour MA but will the rebound find profit taking sellers. For a look at the key levels and why, click on the following … [visit site to read more]
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| Posted: 05 Aug 2010 09:35 AM PDT Oil and natural gas firm Comstock Resources Inc. (NYSE:CRK) reported better than expected second quarter results backed by a rise in production volumes and higher commodity price realizations.
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| Posted: 05 Aug 2010 09:35 AM PDT The second quarter of fiscal 2010 turned out to be the first profitable quarter for Genomic Health (NASDAQ:GHDX). The company reported an EPS of 3 cents, surpassing the Zacks Consensus Estimate of a net loss of 2 cents. The company had suffered a loss of 14 cents in the prior-year period.
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| Global Investing Strategies: Shotguns, Rifles And Big-game Hunting… Wall Street Style Posted: 05 Aug 2010 09:22 AM PDT Thursday, August 5, 2010: Issue #1317
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| Valeant Pharma Beats, Ups Guidance Posted: 05 Aug 2010 09:05 AM PDT Valeant Pharmaceuticals International (NYSE:VRX) posted earnings of 69 cents per share during the second quarter, higher than the Zacks Consensus Estimate of 63 cents and the year-ago quarter's earnings of 52 cents per share. Increased revenues resulted in the earnings beat.
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| Lamar Loss Shrinks, Misses Estimate Posted: 05 Aug 2010 09:05 AM PDT Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the second quarter of 2010. Net loss reported in the quarter was $8.9 million compared with a loss of $11.8 million reported in the second quarter of 2009. Earnings per share (EPS) were a loss of 10 cents versus a loss of 13 cents in the year-ago quarter. The reported EPS was lower than the Zacks Consensus Estimate of a loss of 5 cents.
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| Denny’s Posts Disappointing 2Q Posted: 05 Aug 2010 09:05 AM PDT Denny's Corporation (NASDAQ:DENN)'s second-quarter 2010 earnings of 5 cents per share came below the Zacks Consensus Estimate of 7 cents and the prior-year quarter's earnings of 9 cents. Total revenue declined 13.3% year over year to $135.1 million. Sales at company-operated restaurants plunged 16.1% from the year-earlier quarter to $105.3 million mainly due to the sale of some company-owned restaurants to franchisees under the Franchise Growth Initiative (FGI) program.
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| Value Walk Noted In Prestigious Newspaper Posted: 05 Aug 2010 08:48 AM PDT I was interviewed last week about my thoughts regarding British Petroleum. I had a strong buy recommendation on the stock when BP was trading around $30 per share two months ago, and there was talk of bankruptcy. Jeff Ostrowski a reporter at the Palm Beach Post interviewed me after reading several of my articles on the topic. The article appeared this past Tuesday on the front page!! The story was also picked up by The State newspaper which is South Carolina's largest newspaper.
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| Posted: 05 Aug 2010 08:35 AM PDT Time Warner Cable Inc. (NYSE:TWC) reported excellent second-quarter 2010 financial results, which exceeded the Zacks Consensus Estimate. Both the Commercial and Residential Subscription revenues grew together with Advertising revenues.
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| Posted: 05 Aug 2010 08:35 AM PDT Caribou Coffee Company Inc. (NASDAQ:CBOU), the second largest company-owned premium coffeehouse operator in the United States, posted second quarter 2010 earnings of 12 cents per share, beating the Zacks Consensus Estimate by 3 cents. The second quarter earnings doubled from 6 cents reported in the prior-year quarter. Caribou Coffee Company's net sales for the quarter climbed 9.4% to $68.9 million.
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| Australian Dollar: The Downside Prevails Posted: 05 Aug 2010 08:18 AM PDT |
| Canadian Dollar: Under Pressure Posted: 05 Aug 2010 08:18 AM PDT |
| Initial Jobless Claims Bounce Back Posted: 05 Aug 2010 08:05 AM PDT The Initial Claims for Unemployment Insurance yo-yo headed back up this week, rising 19,000 to 479,000. The four-week moving average rose by 5,250 to 458,500. After a sharp decline in the second half of 2009 (see graph below), the four-week average has found a bumpy high plateau since the start of 2010. This high plateau is similar to the pattern after the 1991 and 2001 recessions, but very different from earlier post-war recessions where once the claims started down, they kept falling … [visit site to read more]
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| Posted: 05 Aug 2010 08:05 AM PDT Jack in the Box Inc. (JACK) posted fiscal 2010 third-quarter earnings of 50 cents per share after the closing bell on Wednesday. The company's earnings came in behind the Zacks Consensus Estimate of 53 cents per share as well as the year-ago result of 57 cents. The worse-than-expected results were primarily caused by sluggish sales and higher overheads.
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| Forex Trading: GBPJPY Breaks Through Support Posted: 05 Aug 2010 07:56 AM PDT The GBPJPY broke through support at the trendline and the 200 hour MA. These two support levels have held up declines in the GBPJPY over the last week or so. The break below should lead to further liquidation. The 135.52 area is next short term target support (61.8% of the move up from the July 30th low). However, a more meaningful correction targets the 135.09 level which is the 38.2% of the move down from the low reached on July 22nd. Risk is a move back above 136.25 … [visit site to read more]
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| Deflation: Déjà Vu All Over Again Posted: 05 Aug 2010 05:35 AM PDT The last post generated more discussion than most and rightly so. Gloom abounds in and around the market these days. On the fundamental side, there’s the stream of CNBC guests discussing the prospect, risks and negative consequences of deflation. On the technical side there’s the blizzard of warnings sent out doomsayer like the people at Elliott Wave. This is what they wrote in a promotional piece I recently received from them:
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