Friday, November 5, 2010

DailyMarkets.com - More Contracts, PX’s Future Bright

DailyMarkets.com - More Contracts, PX’s Future Bright

More Contracts, PX’s Future Bright

Posted: 05 Nov 2010 10:05 AM PDT

Leading industrial gas supplier, Praxair Inc's (NYSE:PKX) Mexican subsidiary contracted to supply oxygen to Fondería, a part of Grupo Siderúrgico, via a vacuum pressure swing adsorption (VPSA) plant.
 
The agreement requires Praxair Mexico to supply 120 tons of oxygen daily to Fonderia, which will be primarily used for steel production. The operation is expected to commence in the third quarter of 2011.

Praxair, over the quarters, has been focusing on building its presence in emerging … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMERCO: 2Q Earnings Report

Posted: 05 Nov 2010 10:05 AM PDT

Self-moving equipment rental revenue increased by $39.9 million for the second quarter of fiscal 2011 compared with the second quarter of fiscal 2010.  In-town and one-way transactions both increased during the quarter.  Revenue was $467 million as compared to our estimate of $460 million
 AMERCO’s ( UHAL ) self-storage revenue was $31 million for the second quarter of fiscal 2011,  up $3.2 million from last year and slightly above our $29 million estimate. The average … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SMSI Third Quarter Earnings Report

Posted: 05 Nov 2010 10:05 AM PDT

The third quarter was close to our estimates and above consensus. Total revenue was $34 million ($32 million estimate) and the EPS was $0.23 ($0.21 est.). GAAP gross margins were slightly higher than estimated and slightly above the second quarter number due to the higher proportion of wireless related revenue. Operating expenses of $24.4 million were above our estimate of $24.3 million. Although our estimate GAAP net income was low the non-GAAP adjustment was also below our estimate
The growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Impact Of Today’s Non-Farm Payrolls Report On Forex Markets

Posted: 05 Nov 2010 09:50 AM PDT

The October Non-Farm Payroll report arrived today, and it surprises mightily to the upside. During the month the US economy added 151K jobs, more than double and almost triple the expected 65K. Also, September's figure was revised to show a smaller loss as well – 41K jobs compared to the originally reported 95K. It was the first positive month of hiring since May, and is the first this year in which changes in temporary government staffing for the decennial census played almost no … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Symmetry EPS Misses, Profit Skids

Posted: 05 Nov 2010 09:35 AM PDT

Symmetry Medical's (NYSE:SMA) third-quarter fiscal 2010 adjusted earnings per share of 10 cents missed the Zacks Consensus Estimate of 17 cents and were also below the year-ago earnings of 16 cents. Adjusted earnings exclude facility consolidation costs and employee severance payments. Net income slid 33% year over year to $3.6 million as revenue growth was more than offset by higher expenses.
Revenues
Revenues rose 5% year over year to $91.5 million, ahead of the Zacks Consensus Estimate of $90 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Narrower Q3 Loss At CTIC

Posted: 05 Nov 2010 09:35 AM PDT

Cell Therapeutics Inc. (CTIC) suffered a net loss of $15.6 million (2 cents per share) in the third quarter of 2010 as opposed to the net loss of $48.8 million (9 cents per share) suffered in the year-ago quarter. The narrower loss was primarily attributable to lower operating expenses, lower deemed dividends on preferred stock and a one-time milestone modification expense which was taken care of in the previous year.
Excluding deemed dividends on preferred stock, foreign exchange effect and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chinese Stocks vs. U.S. Stocks: Which Have Been Outperforming?

Posted: 05 Nov 2010 09:23 AM PDT

With all the discussion of quantitative easing and elections, it is all too easy to adopt (or continue to cling to) an Americentric view of the investment world.

The truth is, however, that the bulls have been doing much more damage in China as of late than in the United States.

The chart below shows the performance of FXI, the iShares FTSE/Xinhua China 25 Index (FXI), for 2010. Note that while much hoopla has been generated over the new 2010 highs in the S&P this week, FXI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sanderson Upbeat On Full Year Performance As Debt Levels Continue To Fall

Posted: 05 Nov 2010 09:17 AM PDT

Shares in software and IT services group Sanderson Group (LON:SND) were up by 12% to 27.5p in early trading today on news that the group had continued to outperform expectations in the year to September. Of particular note, group debt, which has been seen in recent years as a drag on the share price, fell substantially during the year, again ahead of market expectations, to 8.0m from £9.96m a year earlier.

Sanderson specialises in software and services for the multi-channel retail and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Tower Tops, Raises Outlook

Posted: 05 Nov 2010 09:05 AM PDT

American Tower Corp. (NYSE:AMT) today declared its third quarter of 2010 financial results, that outperforms the Zacks Consensus Estimates. On a GAAP basis, third quarter net income was $93.4 million or 23 cents per share compared with a net income of $67.4 million or 17 cents per share in the prior-year quarter. Quarterly EPS of 23 cents was well above the Zacks Consensus Estimate of 20 cents.
Higher revenues from the U.S., Latin America and Asia delivered solid results with a strong growth in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plains All American Beats Estimates

Posted: 05 Nov 2010 09:05 AM PDT

Third quarter 2010 earnings, on an adjusted basis, for Plains All American Pipeline L.P. (NYSE:PAA) came in at 70 cents per unit, beating the Zacks Consensus Estimate of 63 cents and at the higher end of the company's guidance. Results in the quarter also compare favorably with last year's earnings of 59 cents per share.
Operational Results
Plains All American's net revenues of $6.4 billion in the reported quarter outdid the Zacks Consensus Estimate of $5.9 billion by $0.5 billion. Revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Gain In Patterson Rig Count

Posted: 05 Nov 2010 09:05 AM PDT

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its October 2010 drill rig count to average at 192, up from 184 in the previous month. The company operated 180 rigs in the U.S. and 12 in Canada in September, compared with 175 rigs in the U.S. and 9 rigs in Canada during September.
Patterson-UTI's activity levels in the U.S. peaked in early October 2008 with a rig count of 275. Since then, till the second quarter of 2009, the company witnessed a steep and rapid decline in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Falls To Trendline Support At London Fix

Posted: 05 Nov 2010 09:03 AM PDT

Another Red Flag For Universal Travel Group

Posted: 05 Nov 2010 09:02 AM PDT

By Ben Strubel of Strubel Investment Management, LLC
The red flags surrounding Universal Travel Group (UTA) are numerous. First, there is the company's musical chairs approach to auditors; UTA has been through three auditors in one month. On September 1, the company dismissed Acquavella Chiarelli Shuster Berkower (ACSB) and hired Goldman Kurland Mohidin (GKM. Then, on September 29, GKM resigned and the company hired Windes & McClaughry. That is three accountants in one month. Second, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down On Economic Data

Posted: 05 Nov 2010 08:50 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

AUD/USD was trading at 1.0146, down 0.03% at time of writing.

The pair was likely to find support at 0.9814, Monday's low, and resistance at 1.0183, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Slightly Rises On Money Market Volatility

Posted: 05 Nov 2010 08:19 AM PDT

11/05/10 Continued volatility in the forex markets paved the way for another session of slight rises in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up On Economic Data

Posted: 05 Nov 2010 08:15 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/CHF was trading at 0.9586, up 0.02% at time of writing.

The pair was likely to find support at 0.9548, today's low, and resistance at 0.9972, Monday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PerkinElmer Beats Estimates

Posted: 05 Nov 2010 08:10 AM PDT

PerkinElmer (NYSE:PKI) reported third-quarter 2010 adjusted (excluding one-time expenses) earnings per share of 31 cents, beating the Zacks Consensus Estimate of 29 cents and the year-ago earnings of 27 cents per share. The quarterly results surpassed the company's previously issued guidance in the range of 27 to 29 cents. 
Revenues
Revenue came in at $419.1 million in the reported quarter, up 11% year over year (up 10% on an organic basis) and higher than the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coventry Beats, Raises Outlook

Posted: 05 Nov 2010 08:10 AM PDT

Coventry Health Care Inc. (NYSE:CVH) reported its third-quarter income from continuing operations of $183.2 million or $1.24 per share, exceeding the Zacks Consensus Estimate of 67 cents. This also compares favorably with income of $100.4 million or 68 cents in the year-ago quarter. The improved showing was due to a continued emphasis on cost containment throughout the organization.
Coventry’s income from continuing operations excludes the 5 cents per share favorable impact of the Medicare … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cytori Financial Review

Posted: 05 Nov 2010 08:10 AM PDT

Written by Jason Napodano, CFA
On November 4, 2010, Cytori Therapeutics Inc. ( CYTX ) reported financial results for the third quarter ended September 30, 2010.  Total revenues in the quarter were $1.6 million, below our expectations for total revenues of $2.4 million.  The shortfall versus our estimate came from both unit sales and consumable shipments.
 

Installed Base

Q3 2010

Comps

Reported

Zacks Est.

Q2 2010

Q3 2009

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

CF Industries Posts Mixed Quarter

Posted: 05 Nov 2010 08:10 AM PDT

CF Industries Holdings Inc. (NYSE:CF) reported net earnings of $48.2 million or $0.67 per share during the third quarter of 2010 compared with $38.5 million or $0.78 per share during the same quarter last year.
Reported figures included a non-cash mark-to-market loss of $25.7 million on natural gas derivatives, business combination and integration costs of $22.8 million and $0.8 million of Peru project development costs.
Excluding the special items, the company's adjusted net earnings for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JDS Uniphase Posts Mixed Results

Posted: 05 Nov 2010 08:10 AM PDT

Yesterday, after market close, JDS Uniphase Corp. (NASDAQ:JDSU) declared its first quarter of fiscal 2011 financial results. Quarterly net revenue was $405.2 million, falls below the Zacks Consensus Estimate of $417 million. As a result, in the after market trade on NASDAQ, stock price of JDS Uniphase Corp. was down by 35 cents (3.15%) to $10.77.
However, first quarter of fiscal 2011 revenue was an improvement of 36.3% year over year. This was primarily due to healthy demand for the company's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cincinnati Bell Misses, Revenues Up

Posted: 05 Nov 2010 08:10 AM PDT

Cincinnati Bell (NYSE:CBB) announced depressed third quarter results with adjusted earnings per share of 6 cents, which was below the Zacks Consensus Estimate of 10 cents as well as the year-ago earnings of 11 cents. Higher interest expense related to the acquisition of CyrusOne in June 2010 and higher interest rates on the company's debt led to the decline in adjusted earnings.
However, revenues upped 4% year over year to $352 million and was in line with the Zacks Consensus Estimate. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725

Posted: 05 Nov 2010 08:09 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: 05 Nov 2010 08:09 AM PDT

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

Beazer Homes Constructs Weak Earnings

Posted: 05 Nov 2010 07:50 AM PDT

11/05/10 Beazer Homes USA Inc. announced Friday that posted a weaker-than-expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Can’t Chuck Get His Business Off The Ground?

Posted: 05 Nov 2010 07:50 AM PDT

 
From the Institute for Justice. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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