Friday, October 22, 2010

DailyMarkets.com - Televisa Posts Mixed Results

DailyMarkets.com - Televisa Posts Mixed Results


Televisa Posts Mixed Results

Posted: 22 Oct 2010 09:35 AM PDT

Yesterday, Grupo Televisa S.A. (TV), the largest media company in Mexico, reported financial results of its third quarter 2010. Quarterly consolidated net income was $175.6 million, up 9% year-over-year. Third quarter EPGDS (Earnings per Global Depositary Shares) was 32 cents, easily beating the Zacks Consensus Estimate of 29 cents.
Quarterly consolidated net revenue of $1,182 million was an improvement of 12.3% over the prior-year quarter, but was slightly below the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong Third Quarter For Dover

Posted: 22 Oct 2010 09:05 AM PDT

Dover Corp. (NYSE:DOV) reported third-quarter 2010 adjusted earnings per share (EPS) of 98 cents, beating the Zacks Consensus Estimate of 90 cents. Results recorded a 69% climb over the prior-year quarter's EPS of 58 cents driven by solid performance across all of its segments.
EPS in the reported quarter however, excluded a tax benefit of 20 cents related to the favorable resolution of domestic and international tax positions and the recognition of a lower full-year tax rate. Including this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Healthways EPS Beats, Sales Misses

Posted: 22 Oct 2010 09:05 AM PDT

Healthways (NASDAQ:HWAY) reported third-quarter 2010 earnings per share of 30 cents, beating the Zacks Consensus Estimate of 28 cents and the year-ago figure of 26 cents. Net income rose 19% year-over-year to $10.5 million.
Revenue
Revenues came in at $170.5 million, down 6% year-over-year, falling short of the Zacks Consensus Estimate of $173 million. Sales declined due to alterations or terminations of pre-existing domestic contracts.
Request for Proposal (RFP) volume slowed in the third quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cooper Inds Beats By A Penny

Posted: 22 Oct 2010 09:05 AM PDT

Cooper Industries Plc (NYSE:CBE) reported better-than-expected results for the third quarter of 2010, and management has upped its guidance for the year. 
The company reported earnings per share from continuing operations of 85 cents on revenues of $1.24 billion. The Zacks Consensus EPS estimate for the quarter was 84 cents while the revenue estimate was $1.19 billion. 
For the quarter, equity income from the Apex Tool Group joint venture with Danaher Corporation (NYSE:DHR) of $10.5 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ESI Beats, Enrollment To Fall

Posted: 22 Oct 2010 09:05 AM PDT

ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., recently delivered third-quarter 2010 results that beat Zacks' expectations but hinted at a drop in new student enrollments.
The quarterly earnings of $2.82 per share, outpaced the Zacks Consensus Estimate of $2.73, and surged 42.4% from $1.98 earned in the year-ago quarter. ITT Educational reaffirmed its fiscal 2010 earnings guidance range of $11.00 to $11.35 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


An Attractive Option: Dropping Existing Coverage

Posted: 22 Oct 2010 09:02 AM PDT

From yesterday’s WSJ, an article by the Democratic governor of Tennessee, Philip Bredesen:

“Our recent health reform has created a situation where there are strong economic incentives for employers to drop health coverage altogether. The consequence will be to drive many more people than projected—and with them, much greater cost—into the reform’s federally subsidized system. This will happen because the subsidies that become available to people purchasing insurance through exchanges are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Shaw Communications Misses In 4Q

Posted: 22 Oct 2010 08:35 AM PDT

Shaw Communications Inc. (NYSE:SJR) declared financial results of its fourth quarter of fiscal 2010, which falls below the Zacks Consensus Estimates. Quarterly net income was $117 million or 27 cents per share compared to a net income of $120 million or 28 cents per share in the prior-year quarter. The fourth quarter EPS of 27 cents was significantly below the Zacks Consensus Estimate of 33 cents.
Quarterly total revenue of a little over $903 million was up 8% year-over-year. The year-over-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Honeywell Beats, Boost Outlook

Posted: 22 Oct 2010 08:35 AM PDT

Honeywell International Inc. (NYSE:HON) released its third quarter 2010 earnings result before the opening bell today, reporting earnings from continuing operations of 64 cents, outperforming the Zacks Consensus Estimate by a cent. The company witnessed particularly strong growth in its short cycle businesses, such as turbochargers and general industrial products.
Revenue
Total revenue in the quarter increased 9% year over year to $8.4 billion, above the Zacks Consensus Estimate of $8.2 billion. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong Third Quarter For Dover

Posted: 22 Oct 2010 08:35 AM PDT

Dover Corp. (NYSE:DOV) reported third-quarter 2010 adjusted earnings per share (EPS) of 98 cents, beating the Zacks Consensus Estimate of 90 cents. Results recorded a 69% climb over the prior-year quarter's EPS of 58 cents driven by solid performance across all of its segments.
EPS in the reported quarter however, excluded a tax benefit of 20 cents related to the favorable resolution of domestic and international tax positions and the recognition of a lower full-year tax rate. Including this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


12th Street Capital Provides Perspective On The Foreclosure Fiasco

Posted: 22 Oct 2010 08:23 AM PDT

What the hell is truly going on within the entire mortgage foreclosure fiasco? There are seemingly more angles to this mess than there ever were choices of mortgage products themselves. Where can we turn to make some 'sense' of this madness? Let's check in with the crowd on the cutting edge of this sinkhole, that is our friends at 12th Street Capital. Today they write,

Not surprisingly the ones that look to be best positioned during this mortgage foreclosure/put back fiasco are the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests The Weeks Lows As London Exits

Posted: 22 Oct 2010 08:19 AM PDT

Australian Dollar: Key ST Resistance At 10725

Posted: 22 Oct 2010 08:12 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Dollar: The Downside Prevails

Posted: 22 Oct 2010 08:12 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bulls Enjoying Some Hot Coffee

Posted: 22 Oct 2010 08:11 AM PDT

Fundamentals
Your morning cup of java might cost you even more in the coming months, as arabica coffee futures trading on the ICE soared above the $2 per pound level for the first time in 13 years on concerns about the tight supplies of high quality coffee available in the cash market. Coffee production out of Colombia continues to disappoint with 2 consecutive years of below average production. Now some analyst are forecasting even lower coffee output for this leading coffee producer in 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Making Strides To The Upside

Posted: 22 Oct 2010 08:11 AM PDT

Verizon Wireless And FiOs Drive 3Q

Posted: 22 Oct 2010 08:10 AM PDT

Verizon Communications (NYSE:VZ), the second largest U.S. phone company, declared its third quarter earnings result before the opening bell. The company reported adjusted earnings of 56 cents per share beating the Zacks Consensus Estimate by 2 cents and was well above the year-ago earnings of 41 cents. Stronger-than-expected earnings were led by continued strength in Wireless, FiOs and strategic business services. 
Adjusted earnings excludes approximately total non-cash charge of 25 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SanDisk Beats

Posted: 22 Oct 2010 08:10 AM PDT

SanDisk's (NASDAQ:SNDK) third quarter 2010 earnings of $1.20 per share exceeded the Zacks Consensus EPS of $1.02.
 Revenue
Total revenue for the third quarter was $1.23 billion, up 32.0% on a year-over-year basis, and up 5.0% on a sequential basis. Revenue for the quarter was in-line with the company's guidance range of $1.175 billion to $1.25 billion. The revenue increase may be attributed to strength in both the OEM and retail businesses.
Total revenue for the quarter included $1.137 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


KeyCorp Powers Ahead

Posted: 22 Oct 2010 08:10 AM PDT

KeyCorp (NYSE:KEY) reported a third quarter net income from continuing operations of 19 cents per share, substantially better than the Zacks Consensus Estimate of 3 cents. This also compares much favorably with a net loss from continuing operations of 50 cents in the prior-year quarter.
This marks KeyCorp's second profitable quarter since the beginning of the financial crisis in early 2008. During the second quarter of 2010, KeyCorp bounced back to profitability after incurring significant … [visit site to read more] or compare Best Credit Cards and Best CD Rates


C.R. Bard EPS Beats But Net Dips

Posted: 22 Oct 2010 08:10 AM PDT

C. R. Bard (NYSE:BCR) reported third-quarter fiscal 2010 results after the market closed on October 21, with an adjusted (excluding one-time items) earnings per share of $1.43 beating the Zacks Consensus Estimate of $1.40 and exceeding the year-ago earnings of $1.31.
However, net income dipped 2% year-over-year to $127.5 million (or $1.34 a share), hit by acquisition and tax-related charges, offsetting sales growth driven by healthy performances from the Vascular and Surgical Specialties … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AmSurg Beats, Lowers Rev Guidance

Posted: 22 Oct 2010 08:10 AM PDT

AmSurg Corp. (NASDAQ:AMSG) reported an EPS of 43 cents in the third quarter of fiscal 2010, surpassing the Zacks Consensus Estimate by a penny. However, earnings were lower than 44 cents reported in the year-ago period. Results for the third quarter of 2010 had a negative impact of 1 cent from the revision of the Medicare payment system for ambulatory surgical centers (ASCs) and 4 cents due to higher interest cost related to debt refinancing.
AmSurg reported revenues of $180.3 million, marginally … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Verizon’s Earnings Disappoint

Posted: 22 Oct 2010 02:45 AM PDT

10/22/10 The nation’s second biggest phone company said Friday that its net income fell to $881 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: SLB, HON, VZ, CAT

Posted: 22 Oct 2010 07:23 AM PDT

10/22/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD: Is It OK To Not Be Sure Of Trading Direction?

Posted: 22 Oct 2010 07:14 AM PDT

 

The EURUSD chart is telling me that it is unsure of direction. Moves above and below support and resistance are being rejected.  Traders are using levels/areas from past extremes and buying or selling against the levels.  There are lots of fundamental opinions being weighed on the business news.  The G20 meeting comments are likely feared.  What is certain, is the market is likely unsure of the direction (or perhaps the risks).  Otherwise, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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