DailyMarkets.com - CenturyLink Beats Estimate

---

• CenturyLink Beats Estimate
• Time Warner Beats, Lifts Outlook
• WellPoint Outshines, Ups Forecast
• Vornado Beats Marginally
• ADP Jobs Growth And The New House
• Four ETFs To Play Global Food Demand
• Sectors Of Opportunity: Commodities, Health Care, Homebuilders
• Lincoln Misses On Higher Charges
• CVS Beats On EPS, Narrows Guidance
• Apple: A Good Value Stock Buy Now
• Forex – Dollar Broadly Higher After Upbeat U.S. Data, Pre-Fed
• Forex – EUR/USD Trading In Narrow Band Ahead Of Fed
• Masimo Beats On EPS, Sales Miss
• Aetna Beats, Raises Outlook
• Trimble Beats, Stays Neutral
• American Capital: A Penny Ahead
• Tower Semiconductor Raises $100 Million
• Citi To Shed CVC Investments?
• Tessera Tops, Guides Below Seasonal
• Hartford Exceeds, Raises Guidance
• Big Step Forward For Redpoint Bio
• AUD=USD!
• Forex – GBP/USD Trims Gains Ahead Of Fed Easing Announcement
• Another Rally In Crude As Euro Rise Continues
• Forex – USD/JPY Soars To 4-day High Ahead Of Fed Announcement
• Forex – NZD/USD Soars To 29-month High As FOMC Looms
• AOL Achieves Big 3Q Profits
• Opening Bell Market Monitor: AET, CVS, AOL

CenturyLink Beats Estimate Posted: 03 Nov 2010 10:05 AM PDT CenturyLink (NYSE:CTL), which is in the process of buying Qwest Communications Inc. (NYSE:Q), reported third quarter adjusted earnings (excluding non-recurring items) per share of 83 cents, beating the Zacks Consensus Estimate of 81 cents. However, adjusted earnings slipped 7.8% from the year-ago earnings of 90 cents. Adjusted earnings exclude integration costs of 5 cents per share associated with the Embarq acquisition (completed on July 1, 2009), severance cost of 1 cent per share associated with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time Warner Beats, Lifts Outlook Posted: 03 Nov 2010 10:05 AM PDT Time Warner Inc. (NYSE:TWX), the diversified large-cap media conglomerate, posted better-than-expected third-quarter 2010 results on the heels of increase in advertising and subscription revenues. The quarterly earnings of 62 cents a share comfortably beat the Zacks Consensus Estimate of 53 cents, and rose 17% from the prior-year quarter. On a reported basis, including one-time items, earnings came in at 46 cents a share, down 16% from 55 cents delivered in the year-ago quarter. Buoyed by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WellPoint Outshines, Ups Forecast Posted: 03 Nov 2010 10:05 AM PDT WellPoint Inc. (NYSE:WLP) reported its third-quarter income from continuing operations of $701.2 million or $1.74 per share, surpassing the Zacks Consensus Estimate of $1.58. However, this compares unfavorably with the income of $850.5 million or earnings of $1.78 in the year-ago quarter. The improved showing was attributable to higher-than-expected favorable reserve development and continued strong performance in administrative expense management. WellPoint's income from continuing operations … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vornado Beats Marginally Posted: 03 Nov 2010 09:35 AM PDT Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported third quarter 2010 FFO (funds from operations) of $249.0 million or $1.31 per share, versus $234.2 million or $1.25 in the year-earlier quarter. 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.   After adjusting items for comparability, FFO during the third quarter of 2010 was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADP Jobs Growth And The New House Posted: 03 Nov 2010 09:35 AM PDT The Automatic Data Processing (NYSE:ADP) employment survey was a bit better than expected in October. It shows that private sector employment rose by 43,000 last month, above consensus expectations for a 23,000 increase. Also, the September numbers were revised to a loss of just 2,000 jobs rather than the original estimate of a loss of 39,000 jobs. ADP, as the largest payroll processing firm in the country, is in a very good position to look at the state of the job market. This is evidence of an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four ETFs To Play Global Food Demand Posted: 03 Nov 2010 09:17 AM PDT Agriculture prices have surged this year as demand for grains, dairy, meats and cooking oils have elevated in emerging markets and supply has remained constrained enabling the Market Vectors Agribusiness ETF (MOO), UBS E-TRACS CMCI Food TR ETN (FUD), iPath DJ-UBS Agriculture TR Sub-Idx ETN (JJA) and the PowerShares DB Agriculture Fund (DBA) to reap the benefits.  On the demand side, increased wealth in nations like China, India and Brazil has elevated food consumption as consumers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sectors Of Opportunity: Commodities, Health Care, Homebuilders Posted: 03 Nov 2010 09:13 AM PDT Elections go fairly close to plan with the GOP capturing Congress and gaining ground in the Senate. Today we face the FOMC meeting results relative to QE2 and the plan looking forward. No big surprises expected from the Fed as the meeting concludes today. The major news events have not produced any major concerns to this point and we can hopefully look towards the balance of the year and into the first quarter. The election was a mandate on the economy and putting Americans back to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lincoln Misses On Higher Charges Posted: 03 Nov 2010 09:05 AM PDT Lincoln National Corporation's (NYSE:LNC) third quarter operating earnings per share of 63 cents came in way behind the Zacks Consensus Estimate of 87 cents and 84 cents recorded in the prior-year quarter. Results were primarily impacted by the company's annual comprehensive review of actuarial assumptions and model work, which resulted in a net charge of $72 million or 22 cents per share. The current low interest rate environment added to the adverse results. Consequently, operating income … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CVS Beats On EPS, Narrows Guidance Posted: 03 Nov 2010 09:05 AM PDT CVS Caremark (NYSE:CVS) reported an EPS of 60 cents for the third quarter of fiscal 2010, compared to 71 cents from the year-ago period. However, after considering certain adjustments and excluding a tax benefit in the third quarter of 2009, the EPS was 65 cents, beating the Zacks Consensus Estimate by a penny and unchanged from the year-ago period. Revenues decreased 3.1% year over year to $23.9 billion primarily due to a major disappointment in its Pharmacy Services segment. However, revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple: A Good Value Stock Buy Now Posted: 03 Nov 2010 09:03 AM PDT NASDAQ : Apple Inc (NASDAQ:AAPL) Oh how we love our Macs and our iPhones and our iPads and whatever products that Apple throws at us. The 4Q result from our fruity friend was impressive with a record revenue of $20.34bil and a profit of $4.31bil. Some of the interesting figures are listed below for 4Q : 3.89 mil Macs sold (27% increase y-o-y) 14.1 mil iPhones sold (91% increase y-o-y) 9.05 mil iPods sold (11% decrease y-o-y) 4.19 mil iPads sold. Every new product launched … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher After Upbeat U.S. Data, Pre-Fed Posted: 03 Nov 2010 08:49 AM PDT Forex Pros – The U.S. dollar was broadly higher against the other major currencies on Wednesday, after the release of better-than-expected U.S. economic data and ahead of a critical announcement by the Federal Reserve. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.13% to hit 1.4015. Earlier in the day, U.S. payroll processing firm ADP said non-farm private employment rose significantly more-than-expected in October while a separate report … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trading In Narrow Band Ahead Of Fed Posted: 03 Nov 2010 08:42 AM PDT Forex Pros – The euro ticked lower against the U.S. dollar on Wednesday, with the pair trading in a narrow band after the release of a raft of better-than-expected U.S. economic data and ahead of a critical announcement by the Federal Reserve. EUR/USD hit 1.3992 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.4014, shedding 0.13%. The pair was likely to find support at 1.3881, Tuesday's low and resistance at 1.4157, the high of October 15. Earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Masimo Beats On EPS, Sales Miss Posted: 03 Nov 2010 08:31 AM PDT Masimo Corporation (NASDAQ:MASI) reported third-quarter 2010 adjusted (excluding one-time marketing-related expenses) earnings per share of 28 cents, ahead of the Zacks Consensus Estimate of 25 cents while surpassing the year-ago result of 22 cents. Adjusted net income rose 29% year over year to $16.9 million.  Revenues Total revenue was $101 million, up 15.5% year over year, narrowly missing the Zacks Consensus Estimate of $102 million. The company dispatched 37,500 Masimo SET pulse oximetry … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aetna Beats, Raises Outlook Posted: 03 Nov 2010 08:31 AM PDT Health insurer Aetna Inc.'s (NYSE:AET) third quarter operating earnings of 84 cents per share were quite ahead of the Zacks Consensus Estimate of 67 cents. The company had earned 64 cents in the prior-year quarter. Better-than-expected results stemmed from higher commercial underwriting margin due to lower utilization, partially offset by lower commercial insured membership. However, including prior-year development reserves, earnings came in at $1.00 per share, substantially up 45% year over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trimble Beats, Stays Neutral Posted: 03 Nov 2010 08:31 AM PDT Trimble Navigation's (NASDAQ:TRMB) third quarter earnings exceeded the Zacks Consensus Estimate by 8 cents, or 26.7%. Both GAAP and non-GAAP earnings exceeded management's expectations. Seasonality typically causes huge sequential fluctuations in both revenue and margins. As a result, management generally compares results on a year-over-year basis. We have included sequential comparisons, where required. Revenue Trimble's third quarter revenue of $318.2 million was down 4.5% sequentially and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Capital: A Penny Ahead Posted: 03 Nov 2010 08:31 AM PDT American Capital Ltd's (NASDAQ:ACAS) third quarter 2010 operating income of 17 cents per share was a penny ahead of the Zacks Consensus Estimate of 16 cents. The results were also ahead of the prior-year quarter's earnings of 11 cents per share. Results were helped by a drop in operating expenses, though partially offset by a decline in interest and dividend income in the reported quarter. Total interest and dividend income for the quarter was $125 million, down 29% from $176 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tower Semiconductor Raises $100 Million Posted: 03 Nov 2010 08:31 AM PDT On October 25, 2010, Tower Semiconductor ( TSEM )  successfully completed the institutional stage of a fund raising in Israel, receiving commitments from investors to a new series of long-term bonds it intends to issue. The bonds will mature in two equal installments on December 2015 and December 2016. The series F bonds will be NIS denominated and will be linked to the exchange rate of the NIS into the US Dollar. Under the terms of the bonds, it will carry an interest rate of 7.8% per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi To Shed CVC Investments? Posted: 03 Nov 2010 08:31 AM PDT Citigroup Inc. (NYSE:C) may sell around $570 million of investments in CVC Capital Partners Ltd., a London-based buy-out firm, according to a Bloomberg report. This follows Citi's efforts to restructure its business and shrink Citi Holdings, which constitutes its non core assets. According to the report, Citi is selling $250 million of interests in two Asia funds that are managed by CVC and €15 million ($21 million) in a European fund. Moreover, Citi is also selling around €210 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tessera Tops, Guides Below Seasonal Posted: 03 Nov 2010 08:31 AM PDT Tessera Technologies Inc. (NASDAQ:TSRA) reported third quarter earnings that beat the Zacks Consensus estimate by 9 cents, or 26.5% on revenues that beat by 1.4%. Revenue Tessera's reported revenue of $82.1 million was up 10.1% sequentially and 24.2% year over year, just over the high-end of management's expectations of $79−$82 million (up 6%−10% sequentially). However, results were actually much better than management's expectations, since guidance included $6 million to be received from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hartford Exceeds, Raises Guidance Posted: 03 Nov 2010 08:31 AM PDT Hartford Financial Services Group Inc. (NYSE:HIG) reported its third-quarter adjusted earnings of $485.0 million or 98 cents per share, surpassing the Zacks Consensus Estimate of 97 cents. The improved showing was attributable to solid execution, including disciplined underwriting performance, and improved investment results. The upside was also attributable to strong growth in assets under management and Hartford's impressive book value during the quarter. Hartford's adjusted earnings exclude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Step Forward For Redpoint Bio Posted: 03 Nov 2010 08:31 AM PDT Written by Jason Napodano, CFA RP44 Receives FEMA GRAS Approval On November 3, 2010, Redpoint Bio (RPBC) announced that it had received notification from the Flavor and Extract Manufacturers Association (FEMA) that its all-natural sweetness enhancer, RP44, had been determined to be Generally Recognized As Safe (GRAS) under guidelines set by the U.S. FDA.  Receiving U.S. GRAS approval is a major milestone for Redpoint and RP44.  Redpoint's development partner, International Flavor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD=USD! Posted: 03 Nov 2010 08:27 AM PDT Fundamentals “Parity” is the mantra for FX traders, especially when talking about the beleaguered U.S. Dollar, as several major currencies have passed or are closing in on equal weighting vs. the greenback. The latest member of this “club” comes from the land down under, as the spot Australian Dollar briefly broke above parity after the Reserve Bank of Australia (RBA) surprised many analysts and raised interest rates by 25 basis points to 4.75%. Clearly, the RBA is not concerned about … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains Ahead Of Fed Easing Announcement Posted: 03 Nov 2010 08:19 AM PDT Forex Pros – The pound trimmed gains against the U.S. dollar on Wednesday, retreating from a 10-month high after the release of better-than-expected U.S. economic data and ahead of a critical announcement by the Federal Reserve. GBP/USD retreated from 1.6155, the pair's highest since January 29 to hit 1.6073 during European afternoon trade, gaining 0.19%. Cable was likely to find support at 1.5960, Tuesday's low and resistance at 1.6275, the high of January 28. Earlier in the day, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Rally In Crude As Euro Rise Continues Posted: 03 Nov 2010 08:01 AM PDT 11/03/10 Front month crude prices experienced another rally this session, trading above $85 a barrel, as higher-yielding currencies and global equities continued to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Soars To 4-day High Ahead Of Fed Announcement Posted: 03 Nov 2010 07:46 AM PDT Forex Pros – The U.S. dollar extended early gains against the yen on Wednesday, soaring to a 4-day high following the release of better-than-expected U.S. economic data and ahead of a critical announcement by the Federal Reserve. USD/JPY hit 81.50 during European afternoon trade, the pair's highest since October 28; the pair subsequently consolidated at 81.34, surging 0.89%. The pair was likely to find support at 80.23, Monday's low and a 15-year low and resistance at 81.77, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Soars To 29-month High As FOMC Looms Posted: 03 Nov 2010 07:35 AM PDT Forex Pros – New Zealand's dollar was up against its U.S. counterpart on Wednesday, soaring to a 29-month high ahead of a critical announcement by the U.S. Federal Reserve. NZD/USD hit 0.7772 during European afternoon trade, the pair's highest since June 5, 2008; the pair subsequently consolidated at 0.7750, gaining 0.48%. The pair was likely to find support at 0.7633, Tuesday's low and resistance at 0.7890, the high of June 3, 2008. Earlier in the day, the U.S. Institute of Supply … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AOL Achieves Big 3Q Profits Posted: 03 Nov 2010 02:29 AM PDT 11/03/10 Internet company AOL Incorporated reported strong 3Q earnings on Wednesday following strong asset sales and other effective cost cutting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: AET, CVS, AOL Posted: 03 Nov 2010 02:26 AM PDT 11/03/10 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

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610