Friday, October 29, 2010

DailyMarkets.com - VeriSign Demonstrates Growth

DailyMarkets.com - VeriSign Demonstrates Growth

VeriSign Demonstrates Growth

Posted: 29 Oct 2010 11:50 AM PDT

Internet infrastructure services provider VeriSign  Inc. (NASDAQ:VRSN) reported revenues of $173 million from continuing operations for the third quarter of 2010, up 10% year over year and up 2% from the prior quarter. The results were in line with the Zacks Consensus Estimate.
The continuing operations of the company consist primarily of the results of the Naming Services business, which comprises Registry Services and Network Intelligence and Availability (NIA) Services. NIA Services include … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weak 3Q For Constellation Energy

Posted: 29 Oct 2010 11:50 AM PDT

Constellation Energy Group Inc.’s (NYSE:CEG) earnings for the third quarter of fiscal 2010 came in below the Zacks Consensus Estimate of 64 cents, slipping by 16 cents to 48 cents. The quarter’s earnings were also below the year-ago EPS of $1.23 by a large margin of 75 cents.
On a reported basis, including one-time items, loss per share came in at $6.99, compared with earnings of 69 cents in the third quarter of 2009.
Operational Results
Constellation Energy’s total revenues of close to $3.97 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter At Bayer

Posted: 29 Oct 2010 11:50 AM PDT

Bayer's (BAYRY) earnings per share during the third quarter of fiscal 2010 came in at €0.95 (approx $1.22) compared to €0.78 (approx. $1.00) in the year-ago period.  The company recorded a 16.1% growth in revenues to €8,581 million. Growth was witnessed across all divisions at Bayer.  
The three major segments — Healthcare, Material Science and Crop Science — accounted for approximately 49.8%, 31.1% and 15.6%, respectively, of total revenues during the reported quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McAfee Delivers Mixed Numbers

Posted: 29 Oct 2010 11:35 AM PDT

McAfee Inc. (NYSE:MFE) reported third-quarter 2010 earnings per share of 46 cents, below the Zacks Consensus Estimate of 51 cents, while revenue of $523.0 million exceeded the Zacks Consensus Estimate of $514.0 million.
Revenue
McAfee Inc. reported third quarter revenue of $523.0 million, up 8.0% from $485.0 million in the year-ago quarter. This growth was due to revenue increases across both Consumer and Corporate segments. Broad-based demand for the company's security solutions portfolio … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cerner EPS Beats, Profit Cruises

Posted: 29 Oct 2010 11:05 AM PDT

Leading health care information technology (HCIT) solutions provider Cerner Corp. (NASDAQ:CERN) reported third quarter earnings per share of 71 cents, edging past the Zacks Consensus Estimate by a penny and exceeding the year-ago earnings of 57 cents. Net income sailed 25.8% year over year to $60.9 million, driven by higher revenues and healthy booking growth.
Revenues
Revenues leapt 13% year over year to $462.7 million, but fell short of the Zacks Consensus Estimate of $466 million. Sales were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For ViroPharma

Posted: 29 Oct 2010 11:05 AM PDT

ViroPharma Inc. (NASDAQ:VPHM) posted third-quarter earnings of 48 cents per share, beating the Zacks Consensus Estimate by 17 cents and the year-ago figure by 20 cents. Increased product sales helped boost third quarter 2010 earnings.
Revenues
Quarterly revenue of $117.8 million was well above the Zacks Consensus Estimate of $106 million and 46% above the year-ago revenue of $80.6 million. Revenues were spurred by higher sales of Cinryze and Vancocin.
While Cinryze sales increased 69% to $49.1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How We Got To 2.0% Growth In 3Q

Posted: 29 Oct 2010 11:05 AM PDT

In the third quarter, the economy grew at an annual rate of 2.0%, up from 1.7% in the second quarter, but down from the 3.7% pace in the first three months of the year. The growth rate was in line with consensus expectations, and frankly a bit better than I was expecting.

So how did we get to the 2.0% overall growth? What parts of the economy were growing and thus adding to growth, and which parts were acting as a drag on growth? Since the different parts of the economy are of very different … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aimco Beats Estimates

Posted: 29 Oct 2010 11:05 AM PDT

Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, reported fiscal 2010 third quarter funds from operations (FFO) of $48.9 million or 42 cents per share compared to $22.3 million or 19 cents in the year-ago period. Fund 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.
 
Excluding the non-recurring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nasdaq Beats By Three Cents

Posted: 29 Oct 2010 11:05 AM PDT

Nasdaq OMX Group Inc.'s (NASDAQ:NDAQ) second quarter operating earnings per share of 50 cents surpassed the Zacks Consensus Estimate of 47 cents and prior-year quarter earnings of 42 cents.
However, operating earnings missed by a couple from 52 cents reported in the prior quarter. Total operating earnings, on non-GAAP basis, were $169 million, up from $152 million in the prior-year quarter but down from $183 million reported in the prior quarter.
Nasdaq's GAAP net income also came in at $101 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Axle Outpaces Estimates

Posted: 29 Oct 2010 11:05 AM PDT

American Axle and Manufacturing Inc. (NYSE:AXL) posted a profit of $38.8 million or 52 cents per share in the third quarter of 2010, in sharp contrast to a loss of $9.7 million or 18 cents per share (excluding special items) in the same quarter of prior year.
With this, the auto parts maker has surpassed the Zacks Consensus Estimate by 12 cents per share. The improvement was profit was driven by a 50% rise in revenues to $618.2 million during the quarter. Sales were higher than the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 29 Oct 2010 10:40 AM PDT

The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3913, down 0.12% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose in line with expectations to a seasonally adjusted annual rate of 2.00% in the last quarter from 1.70% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sentiment Update: Individual And Professional Sentiment Diverges

Posted: 29 Oct 2010 10:30 AM PDT

… [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vistaprint Tops Zacks Estimate

Posted: 29 Oct 2010 10:25 AM PDT

Vistaprint N.V. (NASDAQ:VPRT) recorded its first quarter 2011 adjusted earnings of 36 cents per share, which declined 12% year over year but surpassed the Zacks Consensus Estimate of 19 cents. Earnings were at the high end of the guidance range of 27–32 cents per share. The better-than-expected results were driven by effective cost-control initiatives.
On a GAAP basis, earnings per share decreased 17% to 24 cents during the quarter. EPS was at the higher end of the guidance range of 15 –20 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strayer Education Beats Estimate

Posted: 29 Oct 2010 10:25 AM PDT

Strayer Education, Inc. (NASDAQ:STRA), for-profit education company, recently posted better-than-expected third-quarter 2010 results on the heels of an increase in students' enrollment. The quarterly earnings of $1.72 per share beat the Zacks Consensus Estimate of $1.70 and jumped 42% from $1.21 in the year-ago quarter. The Zacks Consensus Estimate was stable prior to the earnings announcement.
Strayer Education, which owns the Strayer University, said it now expects fourth-quarter earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Investors Looking To Sell Off Then Start Fresh Next Week”

Posted: 29 Oct 2010 05:08 AM PDT

10/29/10 Floor trader Alan Valdes shared his thoughts behind recent market activity and what to expect next … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MoneyGram Misses By A Penny

Posted: 29 Oct 2010 10:05 AM PDT

MoneyGram International Inc. (NYSE:MGI) reported second quarter loss per share of 30 cents, a penny higher than the Zacks Consensus Estimate of a loss of 29 cents, but substantially lower than the loss of 60 cents reported in the year-ago quarter.
Results included stock-based compensation costs of $7.2 million, $1.6 million of restructuring and reorganization costs, $1.8 million in legal accruals and a $1.6 million write-off of deferred financing and debt discount. Reported net loss was $24.6 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pinnacle West Surpasses Estimates

Posted: 29 Oct 2010 10:05 AM PDT

Pinnacle West Capital Corp. (NYSE:PNW) reported earnings of $2.08 per share, surpassing the Zacks Consensus Estimate of $2.01 and last year's earnings of $1.96. The results were helped by higher revenues from retail electricity rate increases, better-than-expected weather conditions and increased capitalized financing costs related to projects under construction.
On a reported basis, the company earned $2.14 per share compared with $1.84 in the year-ago quarter.
Operational Results
Pinnacle West … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TriQuint Tops Estimates

Posted: 29 Oct 2010 10:05 AM PDT

TriQuint Semiconductor, Inc (TQNT) reported revenues of $237.0 million in the third quarter of 2010, up 37% year over year and up 14% sequentially, which marginally surpassed the Zacks Consensus Estimate of $236 million. However, the reported number was slightly short of management's revised expectation of $238 million.
TriQuint is an original equipment manufacturer of semiconductor communication integrated circuits.
Networks continued to enjoy a strong rebound from the lows of 2009 as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deckers Beats, Lifts Outlook

Posted: 29 Oct 2010 10:05 AM PDT

Deckers Outdoor Corporation (NASDAQ:DECK), the maker of a variety of footwear, recently delivered better-than-expected third-quarter 2010 results on the heels of strong demand for the product lines under the UGG and Teva brands, prompting management to lift its fiscal 2010 outlook.
The quarterly earnings of $1.07 per share outdid the Zacks Consensus Estimate of 93 cents, and rose 24.4% from 86 cents earned in the prior-year quarter.
Behind the Headline
Deckers said that total net sales jumped to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data

Posted: 29 Oct 2010 10:00 AM PDT

The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on GDP.

USD/CAD was trading at 1.0175, down 0.36% at time of writing.

The pair was likely to find support at 1.0155, Monday's low, and resistance at 1.0339, Wednesday's high.

Earlier in the day, official data showed that Canadian gross domestic product rose in line with expectations to a seasonally adjusted 0.30% last month from -0.10% in the preceding month.

Analysts had expected GDP to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Up 0.09%

Posted: 29 Oct 2010 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Friday.

At the close of European trade, Germany's DAX rose 0.09%, London's FTSE 100 shed 0.05%, France's CAC 40 declined 0.03% and the EURO STOXX 50 was down 0.02%.

Earlier in the day, official data showed that The unemployment rate in the euro zone rose unexpectedly to a seasonally adjusted 10.10% last month from 10.00% in the preceding month whose figure was revised down from 10.10%.

Analysts had expected the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Sees Slight Decline

Posted: 29 Oct 2010 09:50 AM PDT

10/29/10 Front month crude prices posted a slight decline this session led mostly by a slide in global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The One-Sided Compromise

Posted: 29 Oct 2010 09:44 AM PDT

Last weekend, the G-20 finance ministers met in South Korea to find areas of agreement in preparation for the main G-20 gathering in November. The Chinese rebuffed renewed American pleas for them to revalue their yuan. They rejected Secretary Geithner’s suggestion of a four percent cap on current account surpluses. However, in return for accepting America’s continued dollar debasement, the Chinese did agree to “look into” a revaluation of the yuan and the management of trade surpluses. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

With The Stock Market Having QE Fatigue, Will Bulls Lose Control?

Posted: 29 Oct 2010 09:43 AM PDT

The quantitative easing (QE) talk on the street this week has been along the lines of (a) is quantitative easing baked into asset prices?, (b) will the Fed's announcement on November 3rd trigger a "sell the news" event, (c) the perception of too much QE could spark inflation fears and push interest rates up, and (d) too little QE could result in a "disappointment sell-off" in stocks and commodities.

With the information we have in hand now, the market is set-up for a "sell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Happened To Li Lu?

Posted: 29 Oct 2010 09:37 AM PDT

… [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sunoco Comes Below Zacks Estimate

Posted: 29 Oct 2010 09:35 AM PDT

Independent refiner and marketer of petroleum products, Sunoco Inc. (SUN  ) reported a mixed third quarter 2010 results, reflecting impressive performance by Retail and Logistics business segments amid challenging market conditions. Earnings per share, excluding special items, came in at 22 cents, behind the Zacks Consensus Estimate of 42 cents. However, the reported quarter result was substantially ahead of the loss per share of 29 cents in third quarter 2009.
Including the net after-tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Strong Quarter For Cephalon

Posted: 29 Oct 2010 09:35 AM PDT

Cephalon, Inc. (NASDAQ:CEPH) delivered another strong quarter with earnings coming at $2.14 per share, easily beating the Zacks Consensus Estimate of $1.79 and well above the year-ago earnings of $1.62.
Strong revenues, a favorable product mix and the company's continuing efforts to improve operating leverage helped Cephalon post impressive results. Revenues increased 30.5% to $716.9 million. However, revenues fell short of the Zacks Consensus Estimate of $719 million.
The Quarter in Detail
Third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Solar Beats, Raises Guidance

Posted: 29 Oct 2010 09:35 AM PDT

First Solar Inc. (NASDAQ:FSLR) surpassed the Zacks Consensus earnings per share (EPS) estimate of $1.96 by 8 cents to reach $2.04 in the third quarter of fiscal 2010. It also beat the year-ago quarterly EPS of $1.79.
Operational Performance
First Solar's quarterly revenues were $797.9 million, up 66% from $480.9 million in the third quarter of 2009, soundly beating the Zacks Consensus Estimate of $774 million. The upside came from increased systems revenue and module production volumes, partially … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up On U.S. Data

Posted: 29 Oct 2010 09:30 AM PDT

The U.S. Dollar was higher against the Swiss Franc on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

USD/CHF was trading at 0.9852, up 0.17% at time of writing.

The pair was likely to find support at 0.9664, Monday's low, and resistance at 0.9930, Wednesday's high.

Earlier in the day, data showed that U.S. UoM consumer sentiment fell unexpectedly to a seasonally adjusted 67.70 last month from 67.90 in the preceding month.

Analysts had expected UoM consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avon Short Of Estimates

Posted: 29 Oct 2010 09:00 AM PDT

Avon Products Inc. (NYSE:AVP) recently posted third-quarter 2010 earnings of 41 cents a share, which fell short of  the Zacks Consensus Estimate by 6 cents and dipped 2.4% from last year's 42 cents a share.
The drop came on the back of heavy expenses and lower-than-expected revenues. However, the Zacks Consensus Estimate was stable prior to the earnings announcement.
On a reported basis, including one-time items, earnings jumped 5.6% to 38 cents from 36 cents in the year ago quarter.
Total … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Integra Beats, Ups EPS Guidance

Posted: 29 Oct 2010 09:00 AM PDT

Integra LifeSciences Holdings Corp. (NASDAQ:IART) reported third quarter of fiscal 2010 EPS of 55 cents compared with 49 cents in the year-ago quarter, up 12.2%. However, adjusted EPS (excluding one-time items) was 73 cents, surpassing the Zacks Consensus Estimate of 66 cents and 14% above the year-ago quarter's 64 cents.
Strong earnings growth was attributable to an 8.3% increase in revenues to $186.6 million, which surpassed the Zacks Consensus Estimate of $183 million. Currency movements … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medusa Mining’s Latest Drilling Shows Potential To Significantly Increase Co-O Gold Mine Area

Posted: 29 Oct 2010 08:49 AM PDT

Australian mining group Medusa Mining (LON:MML) reported this morning that it had discovered new areas of mineralisation at its Co-O gold mine in the Philippines. The news comes a day after Medusa switched its AIM listing for a move onto London's Main Market and was enough to send the shares up by 1.6% to 354p. The company gave details of surface drilling results for previous hole MD 259 and new holes MD 261 to MD 279, results from underground drilling and an update on regional drilling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lender Processing Matches Estimates

Posted: 29 Oct 2010 08:35 AM PDT

Lender Processing Services Inc. (NYSE:LPS) reported third-quarter 2010 adjusted earnings per share of 89 cents, in line with the Zacks Consensus Estimate as well as the company’s guidance range of 88 cents to 90 cents. Results were also well ahead of the prior-year quarter's earnings of 83 cents. Year-over-year improvement in results came on the back of growth in operating income, reduced interest expense and a lower share count.
Adjusted net earnings in the quarter included an adjustment for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plexus Beats In Fourth Quarter

Posted: 29 Oct 2010 08:35 AM PDT

Plexus Corp. (NASDAQ:PLXS) reported fourth quarter 2010 earnings of 65 cents per share, beating the Zacks Consensus Estimate of 60 cents, posting a surprise of 8.3%.
Operating Performance
Earnings per share (EPS) leaped 71.1% from year-ago quarter earnings of 38 cents. Sequentially, EPS escalated 10.2% from 59 cents. EPS  was above management's guidance of 58 cents to 63 cents. EPS excluded restructuring charges but included 6 cents per share in stock-based compensation expense.
Earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southwestern Meets Zacks Estimate

Posted: 29 Oct 2010 08:35 AM PDT

Southwestern Energy Co. (NYSE:SWN) reported third-quarter 2010 earnings of 46 cents per share, in line with the Zacks Consensus Estimate. The increased results were driven by higher-than-expected production in the quarter. However, the third-quarter results were higher than the year-earlier profit of 34 cents.

Revenues jumped 35.6% year over year to $682.2 million, but were below the Zacks Consensus Estimate of $697 million.

Operational Performance

The company's oil and gas production shot up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford’s Positive Q3: Good News For General Motors IPO?

Posted: 29 Oct 2010 08:22 AM PDT

As Ford Motor (NYSE:F) posted a higher than expected quarterly profit while moving towards an investment-grade credit rating by cutting out its debt and borrowing costs, market analysts and automobile experts are now waiting to see if the positive quarter results of Ford Motor Corporation could actually boost interest in the automobile sector especially with the upcoming initial public offering of General Motors in the pipeline.

Even as Ford’s impressive quarter underlines the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725

Posted: 29 Oct 2010 08:17 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: 29 Oct 2010 08:17 AM PDT

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

Stock Indices In For A Choppy Ride Ahead Of Mid-Term Elections And FOMC Meeting

Posted: 29 Oct 2010 08:17 AM PDT

Fundamentals
S&P 500 futures have been in a bull market run since September, with the December futures having gained just over 140 points the past two months. The rise in equities has correlated with weakness in the U.S. Dollar, which the equities market apparently considers a bullish factor, with the hope being that a weak Dollar will boost exports of U.S. goods. However, the past few trading sessions have seen increased choppiness in the major stock indices, as traders begin to pare back … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gen-Probe 3Q Mixed, Trims Outlook

Posted: 29 Oct 2010 08:15 AM PDT

Diagnostic products maker Gen-Probe Inc. (NASDAQ:GPRO) reported third quarter fiscal 2010 adjusted (excluding one-time gains and charges) earnings of 57 cents, topping the Zacks Consensus Estimate of 50 cents and the year-ago earnings of 48 cents. Net income soared 23% year-over-year to $27.4 million (or 56 cents a share) on the back of healthy top line growth.
However, the California-based company chopped its fiscal 2010 outlook, which pushed down its shares $4.06 (or 8.3%) to $45 in after-hours … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Financial Tops Estimates

Posted: 29 Oct 2010 08:15 AM PDT

Dollar Financial Corporation (NASDAQ:DLLR) reported its first-quarter earnings (excluding one-time gains) of 47 cents per share, ahead of the Zacks Consensus Estimate of 46 cents. However, Dollar Financial lagged the year-ago quarter's estimate of 60 cents.
The operating results exclude non-recurring gains, the non-cash interest expense resulting from the adoption of ASC 470-20, and the non-cash amortization associated with the legacy cross-currency interest rate swap agreements, which are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

France Telecom Slips

Posted: 29 Oct 2010 08:15 AM PDT

FranceTelecom (NYSE:FTE), the world's largest telecommunications carrier in Paris, reported third quarter 2010 results with consolidated revenue of €11.628 billion ($15 billion), down 0.6% year over year. Excluding regulatory measures, revenues inched up 1.1% year over year.
The quarter's EBITDA dipped 3.5% to €4.26 billion ($5.5 billion) in the third quarter, resulting in an EBITDA margin of 36.6%, down 110 basis points from the year-ago quarter. Excluding regulatory measures, EBITDA … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sunoco Logistics Posts Strong 3Q

Posted: 29 Oct 2010 08:15 AM PDT

Sunoco Logistics Partners L.P. (NYSE:SXL)  – a master limited partnership ("MLP") − announced strong third-quarter 2010 results, driven by solid performance from its 'Crude Oil Pipeline System' segment on the back of robust crude leasehold business.
The partnership's diluted earnings per unit ("EPU"), excluding non-cash gains from pipeline interest acquisitions, came in at $1.64, way above the Zacks Consensus Estimate of $1.43 and the year-ago profit of $1.13. Revenues of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron Fails To Deliver

Posted: 29 Oct 2010 08:15 AM PDT

Chevron Corporation (CVX) – the second largest U.S. oil company – reported weaker-than-expected third-quarter 2010 profits. Earnings per share (excluding foreign-currency effects) came in at $2.06, below the Zacks Consensus Estimate of $2.15. This was mainly on account of costs related to the Gulf of Mexico ("GoM") drilling moratorium and lower U.S. volumes.
As a result, Chevron could not match the soaring profit gains posted by other integrateds, such as ExxonMobil (XOM), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eni Beats In Third Quarter

Posted: 29 Oct 2010 08:15 AM PDT

Eni SpA (NYSE:E) reported third-quarter earnings per ADR of 94 euro cents ($1.21), compared with 64 euro cents (92 cents) in the year-earlier quarter and the Zacks Consensus Estimate of $1.03.
The quarterly earnings surpassed the consensus estimate and year-earlier results on the back of solid contribution from the exploration and production operations, improvement in crude prices and a stronger U.S. dollar versus the euro. However, the Gas & Power segment showed significant weakness as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Honda Profits More Than Double

Posted: 29 Oct 2010 08:15 AM PDT

Honda Motor Co. (NYSE:HMC) showed a profit of ¥135.93 billion ($1.62 billion) or ¥75.24 (90 cents) per share in the second quarter of its fiscal 2011, which more than doubled from ¥54.04 billion ($644.81 million) or ¥29.78 (36 cents) per share in the year-ago period (at constant exchange rates).
Consolidated net sales and other operating revenues in the quarter gained 9.5% to ¥2.25 trillion ($26.85 billion) driven by higher revenues in the Automobile segment, offset partially by unfavorable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up On Economic Data, Earnings

Posted: 29 Oct 2010 08:15 AM PDT

The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.

GBP/USD was trading at 1.5994, up 0.31% at time of writing.

The pair was likely to find support at 1.5678, Monday's low, and resistance at 1.6009, today's high.

Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.60 last month from 60.40 in the preceding month.

Analysts had expected the Chicago PMI to fall to 57.50 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Construction Bank Construct A Record 3Q Net Profit

Posted: 29 Oct 2010 07:40 AM PDT

10/29/10 The China Construction Bank Corporation announced Friday that it posted a record quarterly net profit for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: CVX, MRK, EL

Posted: 29 Oct 2010 02:36 AM PDT

10/29/10 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 – USD/JPY Down On U.S. Data

Posted: 29 Oct 2010 07:30 AM PDT

The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

USD/JPY was trading at 80.72, down 0.36% at time of writing.

The pair was likely to find support at 80.42, Monday's low, and resistance at 81.98, Wednesday's high.

Earlier in the day, data showed that U.S. UoM consumer sentiment fell unexpectedly to a seasonally adjusted 67.70 last month from 67.90 in the preceding month.

Analysts had expected UoM consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Average GDP Growth Of 2.81% Over Last 5 Quarters Compares Favorably To The Last Two Expansions

Posted: 29 Oct 2010 07:29 AM PDT

We’re now in the fifth quarter of economic expansion since the recession officially ended in June 2009.  How does this economic expansion compare to the last two?  Most reports describe the recovery as “sub-par,” “weak,” “fragile,” and “anemic,” etc.  

And yet real GDP growth over the last five quarters of expansion (1.6%, 5%, 3.7%, 1.7% and 2% for an average of 2.81%) compares very favorably with the five-quarter periods following the 2001 recession (3.5%, 2.1%, 2%, 0.1% and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strongest Consumer Spending Growth Since 2006

Posted: 29 Oct 2010 06:43 AM PDT

The BEA reported today that real GDP grew at 2.0% in the third quarter, boosted by a 2.6% rise in inflation-adjusted consumer spending, the highest quarterly increase since the 4.1% growth in the fourth quarter of 2006, 15 quarters ago.  This healthy growth in consumer spending from July through September is consistent with:  a) the many states that have been reporting increases in tax revenues in the third quarter from sales, individual income and corporate income taxes, and b) the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment