DailyMarkets.com - Pactiv’s EPS Misses, Revenue Beats |
- Pactiv’s EPS Misses, Revenue Beats
- Elan Matches Earnings Ests.
- ISM Manufacturing Index: Economic Recovery Is Real, And Consistent With Real GDP Growth Of 5.2%
- Willis Group Beats Estimates
- IAC/InterActive Posts Impressive Q3
- Loews Way Ahead Of Estimate
- Omnicare Beats Estimates
- Forex – USD/CHF Up On Economic Data
- Sluggish Economic Growth Sets Stage For Fed’s Second Round Of Quantitative Easing
- Inflation Argument For Gold Vs. Gold’s Inflated Price
- Varian Semi Beats Comfortably
- Wright Medical Misses Estimates
- Dollar Rises On Strong ISM Data
- “Today’s Action Could Be Harbinger Of Action…after Elections And Fed “
- Ameren Beats Zacks Estimates
- Forex – EUR/USD Down On U.S. Data
- European Markets Mixed At Close; Dax Up 0.05%
- Online Ads Increase To 26-Month High In October, And By 1.1 Million Since The End Of The Recession
- Jacobs Downgraded As Backlog Falls
- Manitowoc Misses Zacks Estimates
- Rite Aid Sales Still In The Red
- Iomart Boosts Hosting Capability With Acquisition Of Titan
- TOTAL S.A. Misses Zacks Estimates
- In-Line Quarter For Allergan
- Great Interview With Alice Schroeder Via Simoleon Sense
- Why China’s Economic Growth Is More Bark Than Bite
- Digging For A Consistent And Accurate Market View?
| Pactiv’s EPS Misses, Revenue Beats Posted: 01 Nov 2010 12:35 PM PDT Pactiv Corp. (NYSE:PTV) delivered earnings per share of 43 cents in its third quarter ended September 30, 2010, falling short of the Zacks Consensus Estimate of 56 cents. On a year-over-year comparison, EPS dropped 27% from 59 cents. Hike in raw material costs as well as in operating costs related to the start-up of new production processes and equipment offset a volume growth and benefit from the PWP acquisition.
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| Posted: 01 Nov 2010 12:35 PM PDT Elan Corporation plc (NYSE:ELN) reported loss per share of 7 cents for the third quarter of 2010, in line with the Zacks Consensus Estimate but way below the year-ago earnings of 11 cents per share. The year-ago quarter saw Elan recording a divestment gain of $107.7 million, which is primarily the reason for the substantial year-over-year decline in earnings. On an adjusted basis, the company reported a loss of 5 cents per share, an improvement from a loss of 11 cents per share in the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ISM Manufacturing Index: Economic Recovery Is Real, And Consistent With Real GDP Growth Of 5.2% Posted: 01 Nov 2010 12:11 PM PDT “Economic activity in the manufacturing sector expanded in October for the 15th consecutive month, and the overall economy grew for the 18th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business”: Highlights include: 1. The last time the ISM Manufacturing Index (PMI) remained above 50% (signaling expansion) for 15th straight months was back in the 2005-2006 period (see chart above). 2. Compared to the 16-months following the 2001 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Nov 2010 12:05 PM PDT Willis Group Holdings plc (NYSE:WSH) reported its third-quarter 2010 adjusted net income from continuing operations of 37 cents, beating the Zacks Consensus Estimate of 31 cents by 6 cents. Results are way behind 53 cents in third-quarter 2009. Adjusted net income from continuing operations was $64 million, down 28% from $90 million in the prior-year quarter.
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| IAC/InterActive Posts Impressive Q3 Posted: 01 Nov 2010 12:05 PM PDT Diversified Internet company IAC/InterActiveCorp. (IACI) reported impressive third quarter 2010 results, reflecting better performances by most of its business units. Earnings per share, excluding special items, came in at 32 cents, way ahead of the Zacks Consensus Estimate of 6 cents. However, the reported quarter result was slightly below the third quarter 2009 earnings of 34 cents.
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| Posted: 01 Nov 2010 12:05 PM PDT Loews Corporation (NYSE:L) reported third-quarter 2010 adjusted net income of 87 cents, strongly beating the Zacks Consensus Estimate of a loss of 1 cent. Results, however, fell short of $1.08 per share earned in the prior-year quarter. Adjusted net income was $364 million compared with $468 million in third-quarter 2009.
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| Posted: 01 Nov 2010 12:05 PM PDT Leading pharmaceutical care provider, Omnicare Inc. (NYSE:OCR) reported third-quarter 2010 adjusted (excluding one-time expenses) earnings per share of 52 cents, higher than the Zacks Consensus Estimate of 49 cents but lower the year-ago earnings of 76 cents.
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| Forex – USD/CHF Up On Economic Data Posted: 01 Nov 2010 12:00 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Monday after the release of U.S. data on ISM Manufacturing Index. USD/CHF was trading at 0.9922, up 1.00% at time of writing. The pair was likely to find support at 0.9804, Thursday's low, and resistance at 0.9972, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 56.90 last month from 54.40 in the preceding month. Analysts had expected the ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Sluggish Economic Growth Sets Stage For Fed’s Second Round Of Quantitative Easing Posted: 01 Nov 2010 11:40 AM PDT The U.S. economy continued to struggle to grow in the third quarter, most likely giving government officials enough cover to pump more liquidity into the financial system to stimulate hiring. Gross domestic product (GDP), the value of all goods and services produced, increased by 2% in the third quarter, the Commerce Department reported Friday. Economists polled by Dow Jones Newswires were expecting GDP to rise by 2.1% in the July to September period, The Wall Street Journal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Inflation Argument For Gold Vs. Gold’s Inflated Price Posted: 01 Nov 2010 11:35 AM PDT The price of gold has moved back to $1360 gaining nearly $40 the last two trading days. The intraday high was $1388 just two weeks ago. The pullback to $1320 invited those who think gold prices are inflated to pontificate about the metal correcting. There have been some analysts who believe gold will drop to $1000 before year end. Of course on the other side there are those who see gold at $2000 before year end. Since testing support near the $1150 level in July, gold moved up more … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Nov 2010 11:35 AM PDT Varian Semiconductor Inc. (NASDAQ:VSEA) reported fourth quarter 2010 earnings per share (EPS) of 79 cents, substantially exceeding the Zacks Consensus Estimate of 74 cents. The quarter's results were significantly higher than the year-ago quarter and the company's guided range of 70–75 cents, attributable to higher revenues and margins, partially offset by an increased share count and a higher tax rate.
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| Wright Medical Misses Estimates Posted: 01 Nov 2010 11:35 AM PDT Wright Medical Group (NASDAQ:WMGI) reported third quarter 2010 adjusted (excluding one-time items) earnings per share of 14 cents, missing the Zacks Consensus Estimate by a penny while meeting the year-ago result.
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| Dollar Rises On Strong ISM Data Posted: 01 Nov 2010 11:19 AM PDT 11/01/10 The US dollar rebounded this session following an unexpected rise in ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Today’s Action Could Be Harbinger Of Action…after Elections And Fed “ Posted: 01 Nov 2010 11:17 AM PDT 11/01/10 Sunrise Securities’ Ben Willis weighs in on the latest manufacturing data, and this week’s event risk: mid-term elections, FOMC decision and nonfarm … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Nov 2010 11:05 AM PDT Ameren Corporation (NYSE:AEE) released third quarter adjusted earnings of $1.40, sweeping past the Zacks Consensus estimate of $1.26 on strong electricity sales and disciplined cost management. Earnings also beat the year-ago quarterly earnings of $1.16.
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| Forex – EUR/USD Down On U.S. Data Posted: 01 Nov 2010 11:05 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index. EUR/USD was trading at 1.3897, down 0.35% at time of writing. The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4011, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 56.90 last month from 54.40 in the preceding month. Analysts had expected the ISM manufacturing PMI to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Up 0.05% Posted: 01 Nov 2010 10:55 AM PDT Forex Pros – European stocks were mixed after the closing bell on Monday. At the close of European trade, Germany's DAX rose 0.05%, London's FTSE 100 gained 0.34%, France's CAC 40 climbed 0.20% and the EURO STOXX 50 was down 0.29%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.49%; the S&P 500 index gained 0.48%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Online Ads Increase To 26-Month High In October, And By 1.1 Million Since The End Of The Recession Posted: 01 Nov 2010 10:53 AM PDT In another sign that the U.S. labor market is gradually improving, the Conference Board reported today that online job demand reached its highest level in more than two years at 4,409,800 advertised vacancies in October. Online job demand last month was the highest since August 2008, and improved by 113,700 vacancies compared to the September level, a 2.65% increase, and follows a 59,900 increase in September. Other highlights include: 1. Since the end of the recession in June 2009, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Jacobs Downgraded As Backlog Falls Posted: 01 Nov 2010 10:35 AM PDT We downgrade our recommendation on Jacobs Engineering Group Inc. (NYSE:JEC) from Neutral to Underperform based on the company's continuous decrease in backlog since the beginning of fiscal 2010, which is expected to negatively affect its top-line results in fiscal 2011. During the first quarter of fiscal 2010, backlog reduced to $14.9 billion from $16.0 billion in the previous quarter. In the second quarter, it reduced to $14.7 billion, and finally in the third quarter to $13.5 billion.
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| Manitowoc Misses Zacks Estimates Posted: 01 Nov 2010 10:35 AM PDT Manitowoc Co. Inc. (NYSE:MTW) has delivered an adjusted EPS of 1 cent in its third quarter ended September 30, 2010, falling short of the Zacks Consensus Estimate by 12 cents, but was a penny ahead of break-even results in the year-ago quarter. Strong results in the Foodservice segment were offset by a lackluster performance at Crane.
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| Rite Aid Sales Still In The Red Posted: 01 Nov 2010 10:35 AM PDT Rite Aid Corp. (NYSE:RAD), one of the nation's leading drugstore chains, reported yet another month of poor same-store sales. After falling 0.9% in September 2010, same-store sales dropped further by 1.7% in October. This marks the 17th consecutive month of decline, since May 2009, when it had registered positive same-store sales of 0.6%.
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| Iomart Boosts Hosting Capability With Acquisition Of Titan Posted: 01 Nov 2010 10:20 AM PDT Shares in AIM listed Iomart Group (LON:IOM) edged up 1% to 89.5p this morning on news that the managed hosting and cloud computing services company had acquired Titan Internet Ltd for up to £4.2m in cash. Shares in iomart have been substantially re-rated over the last 12 month, rising from 48p at the turn of the year and hitting a 12-month high of 99.5p at the start of October. The company said today's deal was in line with its strategy of becoming the UK’s foremost hosting company, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| TOTAL S.A. Misses Zacks Estimates Posted: 01 Nov 2010 10:05 AM PDT Integrated oil and gas company TOTAL S.A. (NYSE:TOT) reported its third-quarter 2010 operating earnings of $1.42 per share (€1.10 per share) versus the Zacks Consensus Estimate of $1.45 per share. The operating earnings of the company reflected a growth of 18.3% from $1.20 (€0.84 per share) reported in the year-ago period.
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| Posted: 01 Nov 2010 10:05 AM PDT Allergan, Inc. (NYSE:AGN) reported third quarter earnings of 78 cents per share, in-line with the Zacks Consensus Estimate and a penny above the higher end of the guidance issued by the company. While earnings increased 11.4% from the year-ago quarter, revenues increased 5.9% to $1,208.2 million.
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| Great Interview With Alice Schroeder Via Simoleon Sense Posted: 01 Nov 2010 09:24 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why China’s Economic Growth Is More Bark Than Bite Posted: 01 Nov 2010 09:18 AM PDT Why China's Economic Growth is More Bark Than Bite
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| Digging For A Consistent And Accurate Market View? Posted: 01 Nov 2010 08:22 AM PDT This is what I love about the stock market: if you wait long enough or search hard enough you’ll find any point of view that you can agree with. But is that what you really need to help you succeed in trading this market? I was struck by a recent headline from Bloomberg BusinessWeek (Bloomberg … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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