Tuesday, April 26, 2011

DailyMarkets.com - Masco’s Loss Magnifies

DailyMarkets.com - Masco’s Loss Magnifies

Masco’s Loss Magnifies

Posted: 26 Apr 2011 11:35 AM PDT

Masco Corporation (NYSE:MAS) witnessed a loss of 5 cents per share (excluding special items) in the first quarter of 2011 in contrast to a profit of 3 cents per share (excluding special items) in the same quarter of prior year.
The company's loss was broader than the Zacks Consensus Estimate of a loss of 3 cents per share. It was attributable to poor North American sales during the quarter, partially due to expiration of homebuyer tax credit in mid-2010.
Net sales fell 4% to $1.77 billion, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sigma Surpasses Estimates

Posted: 26 Apr 2011 11:35 AM PDT

Sigma-Aldrich Corporation (NASDAQ:SIAL) delivered first quarter earnings of 97 cents, which surpassed both the Zacks Consensus Estimate of 89 cents and prior-year earnings per share (EPS) of 81 cents.
The company incurred a tax benefit of $0.04, partially offset by restructuring costs of $0.01 leading to adjusted earnings of $0.94 per share, an increase of 12% year over year.
Revenue
Reported sales in the first quarter of 2011 were $632 million, increasing 10% year over year and outperforming the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Netflix Tops Estimates

Posted: 26 Apr 2011 11:30 AM PDT

Netflix Inc. (NASDAQ:NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing Zacks Consensus Estimate of $1.07 per share and increasing 88.1% from the prior year quarter.
Earnings were at the higher end of management's guidance range of 90 cents to $1.13.
Quarter in Detail
Total revenue of $718.5 million increased 45.6% from the year ago quarter and easily surpassed the Zacks Consensus Estimate of $703.0 million. The revenue also exceeded guidance range of $684.0 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McGraw-Hill Beats Estimates

Posted: 26 Apr 2011 11:30 AM PDT

The McGraw-Hill Companies Inc. (NYSE:MHP), a publisher and provider of financial information and media services, posted better-than-expected first-quarter 2011 results on the heels of strong performance across Standard & Poor's (S&P's) unit.
The quarterly earnings of 39 cents a share beat the Zacks Consensus Estimate of 37 cents, and rose 18.2% from 33 cents earned in the prior-year quarter.
The Zacks Consensus Estimate for the quarter remained stagnant prior to the earnings release … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ryder Delivers Stellar 1Q

Posted: 26 Apr 2011 11:30 AM PDT

Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions, reported outstanding first quarter 2011 results. Adjusted earnings of 51 cents breezed past the Zacks Consensus Estimate of 44 cents.
The quarter's earnings reached a record high, growing 112.5% from 24 cents in the year-ago quarter. Adjusted quarterly net income increased 104% year over year to $26.4 million from $12.9 million in the year-ago period.  
The superlative earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3M Company Exceeds Estimates

Posted: 26 Apr 2011 11:30 AM PDT

3M Co. (NYSE:MMM) released its earnings results for the first quarter of 2011, reporting earnings per share of $1.49, beating the Zacks Consensus Estimate of $1.43. The company's organic revenues improved in all of its six businesses.
Revenue
Total revenues for the quarter increased by 15.2% year over year to $7.3 billion. This was ahead of the Zacks Consensus Estimate of $6.9 billion. Organic sales volumes increased by 8.9% in total, led by increases of 20.5% in the Electro and Communications … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valero Beats On Higher Margins

Posted: 26 Apr 2011 11:30 AM PDT

Valero Energy Corporation (NYSE:VLO) posted first quarter 2011 earnings from continuing operations of 79 cents per share (excluding non-recurring items). The quarter's results breezed past the Zacks Consensus Estimate of 43 cents and reversed last year’s loss from continuing operations of 18 cents. Positive results can be traced back to an improved refining margins environment and better feedstock discounts.
Total revenue in the quarter increased more than 42% year over year to $26,308 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plum Creek Misses Marginally

Posted: 26 Apr 2011 11:30 AM PDT

Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2011 first quarter earnings of $38 million or 23 cents per share, compared with $87 million or 54 cents in the year-earlier quarter. The first quarter 2011 earnings marginally missed the Zacks Consensus Estimate by a penny.
Total revenues for the quarter were $275 million compared with $317 million in the year-ago quarter. Total quarterly revenues exceeded the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ecolab Beats, Guides Higher

Posted: 26 Apr 2011 11:30 AM PDT

Leading cleaning and sanitation products maker Ecolab Inc. (NYSE:ECL) reported first-quarter fiscal 2011 adjusted (excluding special gains/charges and tax related adjustments) earnings of 45 cents, ahead of the Zacks Consensus Estimate of 44 cents while exceeding the year-ago adjusted earnings of 41 cents.
Net income (attributable to Ecolab) for the quarter, however, dipped 2% year over year to $93.6 million (or 40 cents a share), impacted by charges associated with the European restructuring and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Low Vol

Posted: 26 Apr 2011 11:18 AM PDT

Cusick’s Corner
Vol is low — whether it is volume or volatility, it is low but the trend is high, so when you have a bull trend with low volatility you have three strategic approaches you can potentially implement. First, consider buying calls — this is the most straightforward strategy, taking advantage of your bullish sentiment and low volatility. Second, consider buying at-the-money calls and selling out-of-the-money calls to create a bull call spread — mitigating time risk and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 26 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0774, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.0677, today&rsquo;s low, and resistance at 1.0792, 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 1.3577 and AUD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Profits Highest In A Decade

Posted: 26 Apr 2011 11:05 AM PDT

Ford Motor Co. (NYSE:F) flashed its first quarter 2011 earnings with a roaring 48% rise in profit to $2.61 billion from $1.76 billion in the same quarter of 2010. On earnings per share basis, profits rose 35% to 62 cents per share from 46 cents per share a year ago, thereby topping the Zacks Consensus Estimate by 12 cents per share.
This is a turnaround performance with respect to the fourth quarter of 2010, when the automaker recorded a 24% fall in profit. However, the company did not deprive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Equifax

Posted: 26 Apr 2011 11:05 AM PDT

Equifax Inc. (NYSE:EFX) is scheduled to announce its first quarter 2011 results on April 28, 2011, before the market opens and we see limited revisions in analyst estimates at this point.
Fourth Quarter Overview
Equifax' fourth quarter 2010 adjusted earnings per share of 62 cents outpaced the Zacks Consensus Estimate by 2 cents. The quarter's earnings also improved from 56 cents in the year-ago quarter. The earnings surprise was aided by growth across all revenue segments and demand for new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coca-Cola Goes Flat In Q1

Posted: 26 Apr 2011 11:05 AM PDT

The Coca Cola Company (NYSE:KO) reported earnings per share of 86 centsfor the first-quarter 2011, missing the Zacks Consensus Estimate by 1 cent. However, it was higher than the year-ago EPS of 69 cents by 24.63%.
Quarterly Details
During the reported quarter, Coca-Cola's net revenues saw a robust growth of 40% to $10,545 million from $7,525 million in the year-ago period. The growth was mainly attributable to a 4% increase in concentrate sales, 2% currency benefit, favorable impact of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coach Beats, Worried About Japan

Posted: 26 Apr 2011 11:05 AM PDT

Coach, Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected third-quarter 2011 results on the back of healthy sales in North America and China. However, the recent catastrophe in Japan dent the company's performance to some extent.
The quarterly earnings of 62 cents a share beat the Zacks Consensus Estimate of 60 cents, and came ahead of 50 cents earned in the prior-year quarter buoyed by strong top-line growth.
The current Zacks … [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: 26 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8052, up 0.72% at time of writing.<br/><br/> The pair was likely to find support at 0.7966, Thursday&rsquo;s low, and resistance at 0.8056, 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 1.3386 and EUR/NZD falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rent-A-Center Misses Estimates

Posted: 26 Apr 2011 10:40 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators, recently delivered lower-than-expected first-quarter 2011 results. The quarterly earnings of 79 cents a share missed the Zacks Consensus Estimate of 85 cents, but increased 2.6% from 77 cents registered in the prior-year quarter.
The quarterly earnings also failed to meet management's own guidance range of 82 cents to 88 cents a share.
The Zacks Consensus Estimate had remained stagnant prior to the earnings release. On a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Home Prices Still Falling

Posted: 26 Apr 2011 10:40 AM PDT

In February, home prices continued to slip, and the declines were widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.23% on a seasonally adjusted basis, and is down 2.60% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.18% on the month and is down 3.26% from a year ago. The second down leg of housing prices continues.

Of the 20 cities, six were up on a month to month basis, and 14 were down. Year over year, though, just … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newfield Beats On Volume

Posted: 26 Apr 2011 10:35 AM PDT

Newfield Exploration Co. (NYSE:NFX) reported adjusted first-quarter 2011 earnings of 98 cents per share, beating the Zacks Consensus Estimate of 91 cents. The outperformance was based on higher production and lower general and administrative (G&A) expenses.
However, the quarter's earnings were below the year-earlier profit of $1.19 a share due to higher operating expenses (up nearly 30% on an annualized basis) and lower price realizations.
The company's oil and gas revenues climbed 19% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Sprint

Posted: 26 Apr 2011 10:35 AM PDT

Sprint Nextel Corp. (NYSE:S), the third-largest U.S. wireless carrier, is slated to release its first quarter 2011 earnings on April 28 before the market opens. The current Zacks Consensus Estimate for the first quarter is net loss of 21 cents, representing a decline of 25.32% from the year-ago level.
Sprint had average positive surprises of 6.96% in the last four quarters of 2010. We expect the first quarter to show a little positive surprise as Sprint is seeing an uptick in its post-paid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“It’s A Mixed Bag”

Posted: 26 Apr 2011 10:30 AM PDT

04/26/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the latest earnings and macro data, amidst the backdrop of a weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Connecting The Dots

Posted: 26 Apr 2011 10:28 AM PDT

Forex – GBP/USD Down In U.S. Trade

Posted: 26 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6478, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.6389, Thursday&rsquo;s low, and resistance at 1.6599, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.50% to hit 0.8882 and GBP/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.84%

Posted: 26 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were up after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.84%, London&rsquo;s FTSE 100 gained 0.85%, France&rsquo;s CAC 40 climbed 0.58% and the EURO STOXX 50 was up 0.65%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.93%; the S&P 500 index gained 0.95%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Keeps The Bullish Tone But New Highs Does Not Excite

Posted: 26 Apr 2011 09:49 AM PDT

The EURUSD has been trading quietly but remains positive for the NY session.  
Looking at the 5 minute intraday chart above, the price action has remained above the 100 bar MA on the 5 minute chart for most of the trading day.   In the NY sesssion, the MA level was tested on on a number of occassions. That is the positive.
The negative, is that in the last 20 or so minutes, the price took out the high for the day/week at 1.4652 but came off rather quickly (1.4656 was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Decline Continues Against Euro

Posted: 26 Apr 2011 04:30 AM PDT

04/26/11 For the sixth consecutive session, the euro was stronger against the dollar on positive economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pearson To Bolster North American Education Business With Schoolnet Acquisition

Posted: 26 Apr 2011 03:34 AM PDT

FTSE 100 publishing and education group Pearson (LON:PSON) is acquiring New York based Schoolnet, a fast-growing education technology company that aligns assessment, curriculum and other services to help individualise instruction and improve teacher effectiveness. The move will boost Pearson's North American Education division, which is already the group's largest business and which last year delivered sales of £2.6bn and an operating profit of £469m. The Pearson share price responded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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