Wednesday, April 20, 2011

DailyMarkets.com - Hanesbrands Beats, Ups Guidance

DailyMarkets.com - Hanesbrands Beats, Ups Guidance

Hanesbrands Beats, Ups Guidance

Posted: 20 Apr 2011 11:35 AM PDT

Hanesbrands Inc. (NYSE:HBI) reported its first quarter 2011 results on April 20, 2011. The company reported earnings of 49 cents which was 32% higher than 37 cents per share reported in the prior year quarter.
Earnings surpassed the Zacks Consensus Estimate of 33 cents by 48.5%. Profits were primarily impacted by acquisitions, organic growth and operational efficiency.
Following strong results in the quarter the company raised its full-year 2011 diluted EPS guidance to a range of $2.70 to $2.90, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VMware Reports Strong 1Q

Posted: 20 Apr 2011 11:35 AM PDT

VMware Inc. (VMW) reported strong first quarter 2011 results beating the Zacks Consensus Estimate of 27 cents by a penny. Shares were up $10.73 (12.48%) in after-hours trading.
Operational Performance
Earnings (excluding one-time net item of one cent, but including stock-based compensation) increased 75.0% to 28 cents per share from 16 cents reported in the year-ago quarter.
Earnings (excluding one-time items and stock-based compensation) of 48 cents, were up 50.0% from 32 cents reported in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amphenol Beats By A Penny

Posted: 20 Apr 2011 11:35 AM PDT

Amphenol Corporation (NYSE:APH) posted a net income of $0.72 per share in the first quarter of 2011, compared to $0.56 in the year-ago quarter, beating the Zacks Consensus Estimate by a penny. Net income jumped 30.1% year over year to $127.9 million.
Based in Connecticut, Amphenol designs, manufactures and markets electronic and fiber optic connectors, cable and interconnect systems.
Sales came in at $941 million, up 22.0% year over year but down 0.9% sequentially. The results beat management's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Juniper Reports Mixed 1Q

Posted: 20 Apr 2011 11:35 AM PDT

Juniper Networks Inc. (JNPR) has posted an adjusted EPS of 23 cents in the first quarter of 2011, missing the Zacks Consensus Estimate of 26 cents.
Revenues
Juniper Networks' revenues rose 21.0% year over year to $1.10 billion in the first quarter, but were slightly above the Zacks Consensus Estimate of $1.09 billion. The company generated 79.6% of its consolidated quarterly revenue from product sales, while the remaining 20.3% came from service revenues. The company witnessed growth in both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Revenues Rise At Elan

Posted: 20 Apr 2011 11:35 AM PDT

Elan Corporation plc's (NYSE:ELN) adjusted loss per share of 2 cents for the first quarter of 2011 was narrower than the Zacks Consensus Estimate of a loss of 3 cents. The company posted break-even results in the year-ago quarter.
The narrower-than-expected loss was attributable to the higher revenues and lower expenses recorded in the quarter. Including a gain of $78 million, pertaining to the settlement with Celgene Corporation (NASDAQ:CELG) on Abraxane, Elan earned 12 cents per share in the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 20 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0666, up 1.33% at time of writing.<br/><br/> The pair was likely to find support at 1.0443, Tuesday&rsquo;s low, and resistance at 1.0691, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.18% to hit 1.3596 and AUD/JPY rising 1.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Schlumberger

Posted: 20 Apr 2011 11:05 AM PDT

The world's largest oilfield services provider Schlumberger Ltd. (NYSE:SLB) is scheduled to report its first quarter 2011 results on April 21, 2011, before the start of trading.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 77 cents per share (with a downside risk of 1.3%) on revenues of $9.0 billion. In the year-ago quarter, Schlumberger recorded a gain of 62 cents per share, while sales came in at $5.6 billion.
Fourth Quarter Recap
Schlumberger's fourth-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Strengthens Portfolio

Posted: 20 Apr 2011 11:05 AM PDT

With a desire to expand its biologics and bone grafting portfolio, leading medical devices company, Medtronic (NYSE:MDT) has recently launched Marrowmax bone marrow aspiration needle kit, a simpler procedure to suck out the bone marrow from patients with the help of a syringe. This segment offers huge potential as bone grafting is the most common form of spinal treatment in the US. It is estimated that more than 350,000 bone grafting procedures are performed in the US each year.
After a temporary … [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: 20 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7954, up 0.84% at time of writing.<br/><br/> The pair was likely to find support at 0.7822, Tuesday&rsquo;s low, and resistance at 0.8008, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.58% to hit 1.3413 and EUR/NZD rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TRW To Open Tech Center In China

Posted: 20 Apr 2011 10:40 AM PDT

TRW Automotive Holdings Corp. (NYSE:TRW) announced that it would open a new Technical Center in Anting, China in 2013. The facility, covering an area of 32,000 square meters, will accommodate more than 1,000 engineers. The construction of the site will commence in autumn of this year.
The Technical Center will house research and development, engineering design and application, testing and validation activities across all of TRW’s product lines. It will provide technical and commercial services to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Cuts More American Output

Posted: 20 Apr 2011 10:35 AM PDT

Toyota Motor Corp. (NYSE:TM) announced that it would reduce output by 75% at its North American plants in order to conserve limited supply of parts made in Japan. The automaker has been facing parts shortage resulting from the earthquake and tsunami in Japan on March 11 that damaged many parts supplying plants.
Toyota revealed that all the 13 plants in North America would be closed on Mondays and Fridays until June 3 and would run at half of their normal capacity on Tuesday through Thursday. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quest Diagnostics Beats By A Penny

Posted: 20 Apr 2011 10:35 AM PDT

Quest Diagnostics (NYSE:DGX) reported an adjusted EPS of $1.00 during the first quarter of fiscal 2011, a penny above the Zacks Consensus Estimate and the year-ago quarter. Revenues for the quarter increased 1% year over year to $1.8 billion, in line with the Zacks Consensus Estimate. A 10.5% decline in the number of outstanding shares had a favorable impact on  earnings.
The adjusted earnings in the reported quarter excludes the impact of severe weather (7 cents), costs associated with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EnCana Profit Sinks, Misses Target

Posted: 20 Apr 2011 10:35 AM PDT

Canada's largest natural gas producer EnCana Corp. (ECA) reported weak first quarter results, primarily reflecting low natural gas prices, partially offset by higher volumes.
The company – which entered into a C$5.4 billion natural gas venture in northeastern British Columbia and Alberta with Chinese energy giant PetroChina Co. Ltd. (PTR) during the quarter – announced operating earnings per share (excluding one-time items) of 2 cents, missing the Zacks Consensus Estimate of 16 cents and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Textron Misses, Reiterates Guidance

Posted: 20 Apr 2011 10:35 AM PDT

Diversified U.S. conglomerate,Textron Inc. (NYSE:TXT) announced first quarter 2011 operating earnings of 10 cents per share versus a loss of a penny in the year-ago quarter. The first quarterly result however came below the Zacks Consensus Estimate of 17 cents by 7 cents.
Performance in the reported quarter was affected by flat production and delivery level at its Cessna segment. On a reported basis, Textron reported quarterly earnings of 9 cents per share, versus a loss of 3 cents recorded in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Today’s Gains…expectations Earnings Season Will Be Good”

Posted: 20 Apr 2011 10:30 AM PDT

04/20/11 Mogavero & Lee’s Doreen Mogavero discusses today’s rally in US equity markets, and weighs in on the S&P downgrade of the outlook for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Closer To The 38.2% Retracement Level

Posted: 20 Apr 2011 10:14 AM PDT

The EURUSD continues to move in a range in the NY session. The 38.2% of the last leg to the upside, continues to provide support at the 1.4484 level. The price is below the 100 bar MA on the same chart (blue line).  That MA currently comes in at the 1.4510 level currently.  A move back above this moving average level should lead to more upside momentum once again.
Quiet.  Corrective, but modest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Iceland Central Bank Holds Interest Rate At 4.25%

Posted: 20 Apr 2011 10:13 AM PDT

Iceland’s Sedlabanki held its seven-day collateral lending rate at 4.25%, and kept the deposit rate at 3.25% and overnight lending rate at 5.25%.  Iceland reported headline inflation of 2.3% in March, which is forecast to peak just above 3.0% later this year.  Iceland’s economy contracted 1.5% in 4Q 2010, bringing total growth in 2010 to 3.5%, the Bank is forecasting 2011 growth of 2.3%, down from its original forecast of 2.8%.  Iceland is currently at risk of a credit downgrade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ALU’s NexGen Mobile Venture

Posted: 20 Apr 2011 10:06 AM PDT

Alcatel-Lucent (NYSE:ALU) entered into an agreement with China Mobile to jointly develop next generation mobile communications. As per the memorandum of understanding signed between the companies in Beijing  Alcatel-Lucent’s powerful lightRadio technology will also be jointly devepled by Alcatel-Lucent and China Mobile.
China Mobile has largest number of subscribers in the world and leads in mobile networking techniques like radio access, IP, and optical technologies. The new research … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Races Ahead Of Estimates

Posted: 20 Apr 2011 10:06 AM PDT

Industrial manufacturer Eaton Corporation (NYSE:ETN) today released its first quarter 2011 earnings results, which grew 75% year over year, on a per share basis, mainly on a 14% end-market growth.
Eaton's operating earnings per share reached 84 cents in the quarter, beating the Zacks Consensus Estimate of 80 cents and exceeding the first quarter guidance range of $1.50 – $1.60. In the year-ago period, the Cleveland, Ohio-based company had earned 48 cents per share.
Revenue
In the first quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regency Down To Underperform

Posted: 20 Apr 2011 10:06 AM PDT

We have recently lowered our recommendation on Regency Centers Corp. (NYSE:REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., from Neutral to Underperform as we anticipate it to perform well below the broader market.
Jacksonville, Florida-based Regency owns, operates, and develops grocery-anchored retail shopping centers in the U.S. The company seeks to own assets in high-income in-fill markets that are tenanted by market-dominant grocers, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hudson City Reports Mixed Bag

Posted: 20 Apr 2011 10:05 AM PDT

Hudson City Bancorp's (NASDAQ:HCBK) first-quarter 2011 operating earnings came in at 19 cents per share, substantially better than the Zacks Consensus Estimate of a massive loss. However, this compares unfavorably with the earnings of 30 cents in the prior-year quarter.
The company completed the restructuring of its balance sheet during the quarter. This move has reduced after-tax earnings by $649.3 million. Considering all the non-recurring items, HudsonCity reported a GAAP net loss of $555.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Decline Continues Vs. Euro

Posted: 20 Apr 2011 05:00 AM PDT

04/20/11 The dollar decline against the euro continued this afternoon following a successful Spanish debt auction and improved economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade

Posted: 20 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6399, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.6166, Monday&rsquo;s low, and resistance at 1.6426, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8839 and GBP/JPY rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swedish Central Bank Hikes Rate 25bps To 1.75%

Posted: 20 Apr 2011 09:56 AM PDT

Sweden’s Riksbank increased its benchmark repo rate by 25 basis points to 1.75% from 1.50% previously.  The Bank said “The Riksbank has decided to raise the repo rate by 0.25 percentage point to stabilize inflation, close to the target of 2 percent and avoid resource utilization becoming too high,”.  Sweden recorded inflation of 2.9% in March (core inflation at 1.5%), above the Bank’s official inflation target of 2.0%.  The Bank also raised its inflation forecasts for inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 2.98%

Posted: 20 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 2.98%, London&rsquo;s FTSE 100 gained 2.13%, France&rsquo;s CAC 40 climbed 2.46% and the EURO STOXX 50 was up 2.23%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.40%; the S&P 500 index gained 1.24%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: New York Times

Posted: 20 Apr 2011 09:35 AM PDT

The New York Times Company (NYSE:NYT), a diversified media conglomerate, is scheduled to report its first-quarter 2011 financial results before the bell on Thursday, April 21, 2011. The current Zacks Consensus Estimate for the quarter is 3 cents a share. For the quarter under review, revenue is $570 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
On February 3, 2011, The New York Times Company posted fourth-quarter 2010 results. The quarterly earnings of 46 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Seagate Lags 3Q, Outlook Gloomy

Posted: 20 Apr 2011 09:35 AM PDT

Seagate Technology plc (NASDAQ:STX) reported third quarter 2011 earnings per share of 25 cents, which missed the Zacks Consensus Estimate of 27 cents. However, revenue of $2.70 billion surpassed the Zacks Consensus Estimate of $2.62 billion.
Following the earnings results, Seagate's share price inched up 0.17% in after-hours trading.
Revenue
Seagate reported revenue of $2.70 billion in the third quarter, down 11.6% from $3.05 billion in the year-ago period. The quarter's revenue was in line with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Plum Creek

Posted: 20 Apr 2011 09:10 AM PDT

Plum Creek Timber Co. Inc (NYSE:PCL), a real estate investment trust, is scheduled to report its fiscal 2011 first quarter earnings on April 25, 2011. The current Zacks Consensus Estimate for the first quarter is 24 cents per share, representing a year-over-year decline of about 49.1%.
Fourth Quarter Recap
Plum Creek reported fiscal 2010 fourth quarter earnings of $59 million or 37 cents per share, compared with $28 million or 17 cents in the year-earlier quarter. Excluding charges relating to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Used Home Sales Better Than Expected

Posted: 20 Apr 2011 09:10 AM PDT

In March, Existing Home Sales ran at a seasonally adjusted annual rate of 5.10 million. That pace is 3.7% higher than in February, but 6.3% below the year-ago rate. The March sales rate was above consensus expectations of a 5.00 million annual rate. February was revised up from an initial read of 4.88 million, to 4.92 million.

Relative to where we thought we were, the month-to-month increase was 4.5%. The history of used home sales is shown in the graph below (from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Xerox Corp.

Posted: 20 Apr 2011 09:05 AM PDT

Xerox Corp. (NYSE:XRX) announced that it would release its results for the first quarter of 2011 before the market opens on April 21, 2011. Norwalk-based Xerox Corp. earned a profit of 29 cents in the fourth quarter, barely exceeding the Zacks Consensus Estimate.
In the upcoming quarter, the Zacks Consensus Estimate for Xerox Inc. is pegged at a profit of 22 cents per share, reflecting an annualized growth of 21%. The downside potential of the estimate, essentially a proxy for future earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo Reports In Line

Posted: 20 Apr 2011 09:05 AM PDT

Wells Fargo & Company's (NYSE:WFC) first quarter 2011 earnings came just in line with the Zacks Consensus Estimate. The company reported earnings of 67 cents per share. Results, however, significantly surpassed earnings of 45 cents in the year-ago quarter and 61 cents in the prior quarter.
Quarterly results reflect a decent reserve release and a decrease in expenses. However, the positives were offset by lower-than-expected revenue driven by a fall in both interest and non-interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Plexus Corp.

Posted: 20 Apr 2011 09:05 AM PDT

Plexus Corp (NASDAQ:PLXS) is scheduled to report its second quarter fiscal 2011 results on April 20, 2011after market closes. In the run-up to the earnings report, we do not witness any major variations in analyst estimates at this point.
Prior Quarter Overview
Plexus Corp. reported first quarter 2011 earnings of 61 cents per share, beating the Zacks Consensus Estimate by a penny. Earnings per share (EPS) increased 56.4% from year-ago quarter's earnings of 39 cents. Sequentially, EPS fell 6.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Freeport Surpasses Consensus

Posted: 20 Apr 2011 09:05 AM PDT

Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) posted a net income of $1.5 billion or $1.57 per share in the first quarter of 2011, outshining the Zacks Consensus Estimate of $1.26 per share and the year ago net income of $897 million, $1.00 per share.
Quarterly revenues of $5.7 million surpassed the Zacks Consensus Estimate of $5.39 million and were up 30.9% year over year.
Sales Prices and Volumes
Consolidated unit net cash costs were $0.79 per pound of copper in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session

Posted: 20 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4512, up 1.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4157, Monday&rsquo;s low, and resistance at 1.4547, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.69% to hit 0.8847 and EUR/JPY rising 1.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises On Dollar Decline

Posted: 20 Apr 2011 08:45 AM PDT

04/20/11 Front month crude prices rallied again this session on a weaker US dollar and a slide in gasoline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Virgin Media Posts Solid 1Q11

Posted: 20 Apr 2011 08:35 AM PDT

Virgin Media Inc. (NASDAQ:VMED) reported solid financial results for the first quarter of 2011, driven by higher revenue, higher operating income, and customer's preference toward the company's bundled services. Already 65,000 customers have registered for Virgin Media's next-generation TV platform developed by TiVo Inc. (NASDAQ:TIVO). Furthermore, the company is on the verge of conducting trial runs for 1.5 Gbps broadband speed, the fastest broadband transmission rate in the world.
Quarterly total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NASDAQ Beats By A Penny

Posted: 20 Apr 2011 08:35 AM PDT

NASDAQ OMX Group Inc.'s (NASDAQ:NDAQ) first quarter operating earnings per share of 61 cents came in a penny higher than the Zacks Consensus Estimate of 60 cents and significantly higher than prior-year quarter earnings of 43 cents. Total operating earnings, on non-GAAP basis, increased 19% year over year to $190 million.
However, NASDAQ's GAAP net income also came in at $104 million or 57 cents per share, dramatically up from $61 million or 28 cents in the year-ago quarter but down from $137 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 20 Apr 2011 08:18 AM PDT

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

Canadian Dollar: Key ST Resistance At 99

Posted: 20 Apr 2011 08:18 AM PDT

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

Forex Trading: EURUSD Moves Higher And Lower, Higher And Lower As Non Trend Phase Continues

Posted: 20 Apr 2011 08:09 AM PDT

Trends turn into Non-trends and that is where we are now. This is allowing for the 100 bar MA on the 5 minute chart to catch up to the price. The current 100 bar MA comes in at the 1.4492 level. The 38.2% of the last leg to the upside in todays trend move comes in at 1.4484.  These levels will be watched – especially by shorts who have been squeezed all day today.  In a trend market the burden of proof is for the countertrend traders. They need to push the price lower below technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Fuel For Stocks

Posted: 20 Apr 2011 08:06 AM PDT

Wednesday, April 20, 2011

With the earnings season getting into full gear, I am increasingly getting more optimistic about the staying power of the earnings growth momentum. My favorable takeaway does not reflect the stand-out results from tech bellwethers like Intel (NASDAQ:INTC) and IBM (NYSE:IBM) only.

There is broad-based strength, from railroads to diversified industrials, which should reassure the market of the sustainability of the economic recovery. i will be looking for stocks to start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T Meets EPS, Beats Revenue

Posted: 20 Apr 2011 08:06 AM PDT

The second-largest U.S. mobile service provider, AT&T Inc. (NYSE:T), declared its first quarter 2011 earnings before the opening bell. Adjusted earnings per share (EPS) of 57 cents were at par with the Zacks Consensus Estimate and a penny below the year-ago earnings.
In-line profits can be traced back to the loss of AT&T's exclusive hold on Apple Inc.'s (NASDAQ:AAPL) iPhone during the quarter to its largest rival Verizon Communication (NYSE:VZ).
Revenue spiked 2.3% year over year to $31.25 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Westamerica Misses By A Penny

Posted: 20 Apr 2011 08:06 AM PDT

Westamerica Bancorp. (NASDAQ:WABC) reported its first quarter 2011 earnings of 78 cents per share, a penny below the Zacks Consensus Estimate.
However, after considering the after tax expenses related to the integration of the former Sonoma Valley Bank of $0.4 million, Westamerica reported net income of $22.4 million or 77 cents per share compared with $23.8 million or 80 cents per share in the prior-year quarter.
In August 2010, Westamerica Bank entered into an agreement with the Federal Deposit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taco Bell Lawsuit Dissolved

Posted: 20 Apr 2011 08:06 AM PDT

Alabama-based Beasley Allen law firm finally withdrew voluntarily the class action lawsuit against Taco Bell, a unit of Yum! Brands Inc. (NYSE:YUM). According to sources, the resolution did not involve any financial consideration.
The lawsuit was related to the content and quality of Taco Bell's beef products. It was filed on January 19, 2011 in a California court on behalf of a Taco Bell customer.
Taco Bell was charged that its "seasoned ground beef" violated the beef standards of the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Mobile Dials In A 1Q Net Profit Rise

Posted: 20 Apr 2011 08:00 AM PDT

04/20/11 China Mobile Ltd. announced Wednesday that its 1Q netprofit rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Down Across The Board As Risk Appetite Sharpens

Posted: 20 Apr 2011 07:59 AM PDT

Forex Pros – The U.S. dollar was down against all of its major counterparts on Wednesday, as investor sentiment strengthened on the back of strong earnings reports, spurring investors to seek higher yielding assets.<br /><br />During U.S. morning trade, the greenback was down against the euro, with EUR/USD rallying 1.20% to hit 1.4505.<br /><br />The euro was boosted after a Spanish bond auction saw strong investor demand, although yields were higher.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Rallies On Earnings

Posted: 20 Apr 2011 02:55 AM PDT

04/20/11 US stocks soared at the open, lifted by earnings from bellwethers that mostly topped estimates. Intel rallied on strength in Q1 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

March Architecture Index Holds Steady

Posted: 20 Apr 2011 07:51 AM PDT

From the American Institute of Architects: 

“The March 2011 Architecture Billings Index (ABI) remains virtually unchanged and right at, or slightly above, the break-even level. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the March ABI score was 50.5, a negligible decrease from a reading of 50.6 the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes On The Sterling In The GBP/USD, GBP/JPY, GBP/CHF, And EUR/GBP

Posted: 20 Apr 2011 07:50 AM PDT

The BoE meeting minutes revealed less of an urgency to raise rates.  The dovish statements caused the Sterling to slide against most majors, or at least stop a prevailing bullish attempt. The GBP/USD however continued rallying showing even more USD weakness. The GBP/JPY and GBP/CHF stopped a rally, and the  EUR/GBP shows the Sterling recouping  losses in a throwback.
GBP/USD
- The GBP/USD is displaying strength despite the sterling-negative news on the back of USD-weakness. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Hits Record High, Trades Above $1,500

Posted: 20 Apr 2011 02:45 AM PDT

04/20/11 Spot gold hit a record high above $1,500 an ounce this morning as investors continue to seek out safer-haven assets on concerns over the health of the global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Extends Gains Against Broadly Weaker Dollar

Posted: 20 Apr 2011 07:31 AM PDT

Forex Pros – The pound extended gains against the broadly weaker U.S. dollar on Wednesday, as a broad based risk rally prompted investors to seek out higher yielding assets.<br /><br />GBP/USD hit 1.6420 during U.S. morning trade, the pair&rsquo;s highest since April 11; the pair subsequently consolidated at 1.6402, gaining 0.55%.<br /><br />Cable was likely to find support at 1.6229, Tuesday&rsquo;s low and short-term resistance at 1.6425, the high of April 11 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Reaches The Highest Level Since May 1982 (pre Float Era)

Posted: 20 Apr 2011 07:22 AM PDT

The AUDUSD has reached the highest level since May 1982 (see report from last night). There was resistance at the 1.0600 level which was taken out earlier today after putting up a little fight. However, since then the price has continued its surge to the upside.  The AUD$ floated in December 1983. The move to 1.0690 area today is to the high "fixing" when the currency was NOT floating.  That dates back to May 1982 (see montly chart below). 

Looking at today, the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Existing Home Sales Rise 3.7% In March, Second Positive US Housing Report This Week

Posted: 20 Apr 2011 07:20 AM PDT

In a second positive sign this week for the US housing market, existing home sales climbed 3.7% in the March period to an annualized pace of 5.10 million. That was better than the consensus forecast of a climb to 5.02 million, and follows a weak 4.88 million annual sale pace in February.

As we can see, following a sharper slide in housing sales back in the summer of 2010, existing home sales remain on an upward trajectory, despite the set back we saw in February.
Slightly more homes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GoldStone Resources Gets Its Hands On Gabon Exploration Licences

Posted: 20 Apr 2011 01:34 AM PDT

Goldstone Resources (LON:GRL), the AIM quoted gold exploration company working in West Africa, has been granted the Ngoutou and Oyem exploration licences in Gabon by the Gabonese Mining Department. The licences have both been awarded for a period of three years and can be renewed twice for a period of three years. The GoldStone share price responded with a rise of nearly 6% to 9p.

In March 2010 GoldStone submitted licence applications for the two permits which each contain distinct … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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