Thursday, April 21, 2011

DailyMarkets.com - Diamond Offshore Beats

DailyMarkets.com - Diamond Offshore Beats

Diamond Offshore Beats

Posted: 21 Apr 2011 11:35 AM PDT

Diamond Offshore Drilling Inc. (NYSE:DO) reported first quarter 2011 earnings of $1.80 per share, handily beating the Zacks Consensus Estimate of $1.44.
However, earnings fell below the year-ago profit of $2.09, weighed down by high operating expenses and a lower dayrate.
Total revenue in the quarter fell nearly 6.2% to $806.4 million from the year-earlier level, but breezed past the Zacks Consensus Estimate of $798 million.
Dividend Story
Diamond Offshore declared a 75 cents per share special … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Strength Across All Segments For Slilcom

Posted: 21 Apr 2011 11:25 AM PDT

Ken Nagy, CFA
Strength Across all Segments for Slilcom

Silicom (SILC) engages in the design, manufacture, marketing, and support of connectivity solutions for a range of servers and server based systems. The firm has several growth engines including Information Technology's return to growth, the march to 10GB per second technology, large and growing base of OEM customers includes most of the market-leading players, staged launch of new products, and a strong OEM business model which limits … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

E*TRADE Returns To Profit

Posted: 21 Apr 2011 11:25 AM PDT

E*TRADE Financial Corporation’s (NASDAQ:ETFC) first-quarter 2011 net income of 16 cents per share was above the Zacks Consensus Estimate earnings of 12 cents, on the back of operating net revenue, strong brokerage business, decrease in provision for loan losses and improved expense management. The income also compares favorably with loss of 11 cents and 25 cents per share in the prior quarter and prior-year quarter, respectively.
E*TRADE reported fourth-quarter net income of $45.2 million compared … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walter Energy Shy Of Estimates

Posted: 21 Apr 2011 11:25 AM PDT

Leading met coal producer and supplier Walter Energy Inc. (NYSE:WLT) said its operating earnings for the first quarter 2011 came in at $1.53 per share, shy of the Zacks Consensus Estimate of $1.84. However, the company's earnings more than doubled compared to 77 cents per share earned in the first quarter of 2010.
The impressive year-over-year gain in the quarter resulted from robust revenue growth helped by better coal pricing in the period.
Revenue and Operating Income
Walter Energy's total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LabCorp Beats, Raises EPS Guidance

Posted: 21 Apr 2011 11:25 AM PDT

Leading lab-testing company Laboratory Corporation of America Holdings (NYSE:LH) reported adjusted EPS of $1.52 (excluding amortization, restructuring and other special charges) for the first quarter of fiscal 2011.
That was way above the Zacks Consensus Estimate of $1.44 and the previous year’s adjusted EPS of $1.40.
Moreover, severe weather had a negative impact of 8 cents on the EPS.
Revenues increased 14.6% year over year to $1,368.4 million, ahead of the Zacks Consensus Estimate of $1,325 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 21 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0749, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.0443, Tuesday&rsquo;s low, and resistance at 1.0774, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.14% to hit 1.3536 and AUD/JPY falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Altera Corporation

Posted: 21 Apr 2011 11:05 AM PDT

Altera Corp. (NASDAQ:ALTR) is expected to report first quarter results on April 26, 2011.
In March, Altera reiterated its sales guidance for the first quarter of 2011. Altera expects a sequential revenue decline of 1% to 5% in the first quarter. The decline in sales implies a sales guidance of $527.8 million – $549.9 million.
Management expects that the Industrial, Automation, Military and Automotive vertical will be up sequentially driven by an increase in demand from military and automotive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bristol-Myers Previewed

Posted: 21 Apr 2011 11:05 AM PDT

Bristol-Myers Squibb Company (NYSE:BMY) is all set to announce its first quarter 2011 results on April 28, 2011 before the opening bell. The Zacks Consensus Estimate for the first quarter is $0.53, representing a year-over-year decrease of 5.4%. Bristol Myers has surpassed earnings estimates in three of the last four quarters but fell short of the Zacks Consensus Estimate by a penny in the final quarter of 2010. The trailing four-quarter average is 4.71%.
Fourth Quarter recap
Bristol-Myers Squibb … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plexus Surpasses Estimates

Posted: 21 Apr 2011 11:05 AM PDT

Plexus Corp (NASDAQ:PLXS) reported second quarter 2011 diluted earnings per share of 59 cents, surpassing the Zacks Consensus Estimate of 56 cents and improving 15.7% from the year-ago quarter. Earnings also topped management's guidance range of 53 cents to 58 cents.
However, on a sequential basis, earnings decreased 3.3%.
Quarter in Detail
Total revenue for the quarter increased 0.4% sequentially and 15.7% on a yearly basis to $568.1 million, beating the Zacks Consensus Estimate of $567.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Solid First Quarter For PPG

Posted: 21 Apr 2011 11:05 AM PDT

PPG Industries Inc. (NYSE:PPG) posted net income of $228 million or $1.40 per share for the first quarter of 2011, compared with $115 million or 69 cents in the year-ago quarter.
The result surpassed the Zacks Consensus Estimate of $1.34 per share.
Net sales for the quarter were $3.5 billion, up 13% from $3.1 billion in the first quarter of 2010. It also outperformed the Zacks Consensus Estimate of $3.3 billion. The company witnessed double digit percentage sales across all its major regions.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Beware The “Middle Ground” Of The Great Budget Debate

Posted: 21 Apr 2011 10:54 AM PDT

How debates are framed is critical because the "center" or "middle ground" is supposedly halfway between the two extremes.
We continue to hear that the Great Budget Debate has two sides: The President and the Democrats want to cut the budget deficit mainly by increasing taxes on the rich and reducing military spending, but not by privatizing Medicare. On the other side are Paul Ryan, Republicans, and the right, who want cut the deficit by privatizing Medicare and slicing programs that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session

Posted: 21 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8019, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 0.7822, Tuesday&rsquo;s low, and resistance at 0.8038, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.20% to hit 1.3402 and EUR/NZD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marriott Misses By A Penny

Posted: 21 Apr 2011 10:35 AM PDT

Marriott International Inc. (NYSE:MAR) has reported first quarter 2011 earnings of 26 cents per share, a penny below the Zacks Consensus Estimate, but up 18% year over year. Earnings were also within the company's guidance range of 24 cents to 28 cents. The results were below expectations due to lower-than-expected demand in the larger hotel markets in North America.
However, year-over-year results improved driven by global demand for lodging, translating into a higher average daily room-rate. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rockwell Sales Rose, Raises Outlook

Posted: 21 Apr 2011 10:35 AM PDT

Rockwell Collins Inc. (NYSE:COL) reported 96 cents per share in the second quarter of fiscal year 2011, in-line with the Zacks Consensus Estimate.
The result also comfortably beat the year-ago quarterly earnings per share of 93 cents.
Rockwell Collins’ fortunes are tied to the cyclical commercial aerospace market, which is currently undergoing a recovery phase. Recently, the commercial aerospace market witnessed higher air traffic precipitated by rising demand for air travel and cargo … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Reports Strong Quarter

Posted: 21 Apr 2011 10:35 AM PDT

Air Products & Chemicals Inc. (NYSE:APD) reported second quarter fiscal 2011 EPS of $1.39, versus $1.16 in the year-earlier quarter and matching the Zacks Consensus Estimate of $1.39.
The result included an after-tax cost of $4 million or 2 cents per share, excluding which adjusted EPS amounted to $1.41 versus $1.23 in the year-ago quarter.
Net sales amounted to $2.5 billion, versus $2.2 billion in the prior-year quarter, moving ahead of the Zacks Consensus Estimate of $2.4 billion. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“It’s Been An Earnings Story, This Week”

Posted: 21 Apr 2011 10:30 AM PDT

04/21/11 ICAP’s Kenneth Polcari provides his outlook for the US equity markets and commodity prices. Next week’s expectations are weighed, ahead of a heavy week for data and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade

Posted: 21 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6547, up 0.84% at time of writing.<br/><br/> The pair was likely to find support at 1.6166, Monday&rsquo;s low, and resistance at 1.6599, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.49% to hit 0.8807 and GBP/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Appetite Continued To Hold Down Dollar

Posted: 21 Apr 2011 04:55 AM PDT

04/21/11 The sentiment of risk appetite remained strong today as strong global economic data and rising energy prices led the way for another session of gains for the euro against its safer-haven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Up 0.64%

Posted: 21 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.64%, London&rsquo;s FTSE 100 shed 0.07%, France&rsquo;s CAC 40 climbed 0.43% and the EURO STOXX 50 was up 0.51%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.32%; the S&P 500 index gained 0.51%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is The EUR/GBP Anchoring Onto A Declining Channel?

Posted: 21 Apr 2011 09:40 AM PDT

EUR/GBP Forms Head and Shoulder, Challenging Channel Support (4/18)
Forex Video Technical Update 4.20.2011 – The Sterling after the BoE Meeting Minutes
EUR/GBP
Short-term- The EUR/GBP failed to continue the bullish trend it has been in since rallying from 0.8355. The rally met resistance at the 0.8920 level.
- This failure to continue the bullish mode follows a break of a rising channel suggesting the market is entering ranging to reversal mode.
- The momentum reflects a ranging market, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Men In Kilts

Posted: 21 Apr 2011 09:19 AM PDT

Canadian Success Story, Men In Kilts, Launch First US Location in Seattle, according to this Press Release:

Men In Kilts, a window and exterior building cleaning company, has taken their kilted lads down south. CEO, Tressa Wood comments, "We're very excited to bring the Men In Kilts’ concept to the US and open our first franchise location in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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