Saturday, April 23, 2011

DailyMarkets.com - St. Jude EPS Beats, Raises View

DailyMarkets.com - St. Jude EPS Beats, Raises View

St. Jude EPS Beats, Raises View

Posted: 23 Apr 2011 11:10 AM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) continues its positive earnings surprise streak as its  first-quarter 2011 adjusted earnings per share of 80 cents has topped the Zacks Consensus Estimates of 78 cents and exceeded the year-ago earnings of 75 cents. This represents the Minnesota-based company's seventh consecutive quarter of outperformance.
The adjusted earnings exclude charges of $28 million, primarily associated with the company's acquisition of cardiac devices maker AGA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schlumberger Net Up, Falters On Ests

Posted: 23 Apr 2011 11:09 AM PDT

The world's largest oilfield services provider Schlumberger Ltd. (SLB) reported weaker-than-anticipated first-quarter 2011 results. This was mainly due to geopolitical disturbances and typical seasonality factors in certain regions.
Earnings per share, excluding special items, came in at 71 cents, missing the Zacks Consensus Estimate of 76 cents. Revenue, at $8,716 million, was also shy of the Zacks Consensus Estimate of $8,959 million.
Though Schlumberger could not match the soaring profit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boston Scientific Beats Estimates

Posted: 23 Apr 2011 11:09 AM PDT

Boston Scientific Corporation (NYSE:BSX) reported an EPS of 1 cent during the first quarter of fiscal 2011 compared to a loss of $1.05 per share in the year-ago period. However, the reported quarter witnessed a $759 million ($530 million after tax) gain, recognized on the sale of the Neurovascular business to Stryker Corporation (NYSE:SYK). Moreover, having witnessed, a reduction in the estimated size of the US Cardiac Rhythm Management (CRM) market, the company recorded a $723 million of goodwill … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amgen Beats; Maintains Outlook

Posted: 23 Apr 2011 11:09 AM PDT

Amgen (NASDAQ:AMGN) reported first quarter earnings per share of $1.32, 3 cents above the Zacks Consensus Estimate of $1.29 and 3.1% above year-ago earnings. Higher revenues, a lower tax rate and lower share count helped drive first quarter results. Including one-time items, earnings increased 2% to $1.20 in the first quarter of 2011.
Total revenues increased 3.2% to $3,706 million in the first quarter of 2011. Revenues topped the Zacks Consensus Estimate of $3,662 million.
US revenues increased 4% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tractor Supply Tops On Sturdy Comps

Posted: 23 Apr 2011 11:09 AM PDT

Tractor Supply Co. (NASDAQ:TSCO), a leading retail firm and ranch store brand, recorded yet another quarter of good growth. Earnings per share in the first quarter of fiscal 2011 came in at 24 cents, breezing past the Zacks Consensus Estimate of 16 cents as well as the prior-year earnings of 14 cents per share.
Strong performance in consumable, usable and edible categories − for instance, pet food and animal feed − acted as a catalyst for a 10.7% increase in same-store sales compared with a mere … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Nod For St Jude MRI Pacemaker

Posted: 23 Apr 2011 11:08 AM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) recently announced that it has won European CE Mark approval for its Accent MRI pacemaker and Tendril MRI lead. The company has designed and tested this system for safe usage with Magnetic Resonance Imaging ("MRI") equipment and it received approval as MR-Conditional. The system allows patients to receive full-body high-definition MRI scans.
Earlier, in February 2011, the US Food and Drug Administration ("FDA") approved rival Medtronic's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Electric Beats Estimates

Posted: 23 Apr 2011 11:08 AM PDT

General Electric Company (NYSE:GE) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of 33 cents, above the Zacks Consensus Estimate of 28 cents, up 48% year over year. This was the fourth consecutive quarter in which the company witnessed strong growth in earnings.

Revenue

Total revenue in the quarter were up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Electric Beats Estimates

Posted: 23 Apr 2011 11:08 AM PDT

General Electric Company (NYSE:GE) reported first quarter 2011 earnings per share from continuing operations of 33 cents before the opening bell today, which beat the Zacks Consensus Estimate of 28 cents,

It was also up 48% year over year. This was the fourth consecutive quarter with strong earning growth.

Revenue

Total revenue was up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company continues to benefit from the improving economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Electric Beats Estimates

Posted: 23 Apr 2011 11:08 AM PDT

General Electric Company (NYSE:GE) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of 33 cents, above the Zacks Consensus Estimate of 28 cents, up 48% year over year. This was the fourth consecutive quarter in which the company witnessed strong growth in earnings.

Revenue

Total revenue in the quarter were up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Aes Trust, Bancorp Rhode Island, Brookline Bancorp, Chipotle Mexican Grill, DPL, EMC, Polaris Industries, Wells Fargo & Company, Yum! Brands

Posted: 23 Apr 2011 11:08 AM PDT

    EMC Corp. (NYSE:EMC) reported Q1 EPS of $0.31, higher than the Zacks Consensus Estimates of $0.25 a share. Revenues for the quarter rose 18% year-over-year to $4.6 billion, ahead of the Zacks Consensus Estimate of $4.509 billion

    Chipotle (NYSE:CMG) reported Q1 EPS of $1.46, above the Zacks Consensus Estimate of $1.43 per share. Revenues for the quarter rose 24% year-over-year to $509.4 million, beating the Zacks Consensus Estimates of $495.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gilead Misses As HIV Sales Founder

Posted: 23 Apr 2011 11:08 AM PDT

Gilead Sciences Inc. (NASDAQ:GILD) reported earnings per share of 82 cents for the first quarter of 2011, 10 cents below the Zacks Consensus Estimate of 92 cents and 13 cents below the year-earlier earnings. The disappointing earnings performance was due to a weak top-line performance.
First quarter revenues decreased 8% from the prior-year quarter to $1.93 billion. Total revenues were also much below the Zacks Consensus Estimate of $2.05 billion. Revenue performance was disappointing due to a weak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Edwards Beats, Raises Estimates

Posted: 23 Apr 2011 11:08 AM PDT

Edwards Lifesciences Corporation (NYSE:EW) has reported an adjusted EPS of 51 cents (excluding 2 cents per share of transaction gains) in the first quarter of fiscal 2011, way above the Zacks Consensus Estimate of 42 cents and the year-ago quarter's earnings of 40 cents. The company reported revenues of $404.5 million, up 18.8% from the year-ago period and exceeded the Zacks Consensus Estimate of $385 million.
Robust International Growth
Edwards generated 37% of its revenues during the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cheesecake Tops By A Penny

Posted: 23 Apr 2011 11:08 AM PDT

Based in Calabasas Hills, California, Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 34 cents a share in the first quarter of fiscal 2011, which surpassed the Zacks Consensus Estimate by a penny. The earnings also inched up 9.7% year over year from the prior-year earnings of 31 cents a share.
The better-than-expected results were driven by comparable-store sales growth due to higher traffic.
Cheesecake's top line showed a growth of 3.3% year over year to $418.8 million. The upside in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDonald’s Tops By A Penny

Posted: 23 Apr 2011 11:08 AM PDT

McDonald's Corporation (NYSE:MCD) posted first quarter 2011 earnings of $1.15 per share, a penny better than the Zacks Consensus Estimate.

Earnings increased 15% from $1.00 in the prior-year quarter. However, excluding the favorable currency impact of 3 cents in the reported quarter, earnings grew 12.0% year over year.
The earnings growth was driven by a rise in comparable-store sales across all regions due to higher traffic. The company also continues to benefit from its "Plan to Win" … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qualcomm Beats, Raises Guidance

Posted: 23 Apr 2011 11:08 AM PDT

Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm Inc. (NASDAQ:QCOM) reported solid earnings in the second quarter of fiscal 2011. Net income was up 29% year over year and 15% sequentially, signifying the strength of operating efficiency of Qualcomm. The company's Snapdragon platform and product diversification strategy make management more confident about the rest of fiscal 2011 and therefore, the company raised its previously announced financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon Beats By A Whisker

Posted: 23 Apr 2011 11:08 AM PDT

The largest U.S. mobile service provider Verizon Communications Inc. (NYSE:VZ) declared its first quarter 2011 earnings results before the opening bell. Adjusted earnings came in at 51 cents per share, a penny ahead the Zacks Consensus Estimate and above the year-ago earnings of 48 cents.
Continued strength in wireless, FiOS and strategic business services led to higher-than-expected earnings in the quarter. Further, Verizon started selling Apple Inc.’s (NASDAQ:AAPL) iPhone from February 10, ending the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: RadioShack

Posted: 23 Apr 2011 11:08 AM PDT

RadioShack Corp.(NYSE:RSH) is slated to release its first-quarter 2011 results on April 25, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at 35 cents, representing an annualized growth of -10.58%.
With respect to earnings surprises over the trailing four quarters, RadioShack has done reasonably well in all the quarters except the last quarter where it was 2 cents short of the Zacks Consensus Estimate. The average earnings surprise was a positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Union Pacific Reported Mixed 1Q11

Posted: 23 Apr 2011 11:08 AM PDT

The U.S. railroad giant  Union Pacific Corp. (NYSE:UNP) reported mixed results for the first quarter of 2011. Quarterly net income was $639 million or $1.29 per share compared with a net income of $516 million or $1.01 per share in the year-ago quarter. However, first-quarter 2011 EPS of $1.29 was below the Zacks Consensus Estimate of $1.31. This was primarily attributable to 33% rise in diesel fuel prices year over year.
Total operating revenue, in the first quarter of 2011, was $4,490 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley Tops, Profits Plunge

Posted: 23 Apr 2011 11:08 AM PDT

Morgan Stanley (NYSE:MS) announced adjusted earnings per share from continuing operations of 46 cents for the first quarter 2011, way ahead of the Zacks Consensus Estimate of 35 cents. This represents Morgan Stanley's seventh consecutive quarter of income from continuing operation since the economic crisis.

However, results compare unfavorably with earnings from continuing operations of $1.03 in the year-ago quarter.
Earnings for the reported quarter leave out a loss of 26 cents per share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s United Outpaces Estimates

Posted: 23 Apr 2011 11:08 AM PDT

Regional bank  People’s United Financial Inc. (NASDAQ:PBCT) announced its first-quarter 2011 operating earnings per share of 15 cents, outpacing the Zacks Consensus Estimate of 12 cents per share. Moreover, earnings compared favorably with 10 cents per share reported in the prior quarter and 8 cents per share in the prior-year quarter.
Operating income reported was $53.8 million compared with $36.7 million in the prior quarter and $29.2 million in the prior-year quarter. Including pre-tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Winter Dampens Monarch 1Q

Posted: 23 Apr 2011 11:08 AM PDT

Monarch Casino & Resort Inc. (NASDAQ:MCRI) reported first-quarter 2011 earnings of nine cents per share; shy of the Zacks Consensus Estimate of 15 cents and unchanged from the year-earlier earnings.
Net revenue declined 3.2% year over year to $33.3 million and lagged the Zacks Consensus Estimate of $35.0 million. The underperformance was primarily due to a severe winter and high snowfall in the Sierra Nevada mountain range.
Additionally, tough comparisons also remained another cause for concern. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yum! Reports A Mixed Bag

Posted: 23 Apr 2011 11:08 AM PDT

Yum! Brands Inc. (NYSE:YUM) reported first quarter 2011 adjusted earnings of 63 cents per share, which fell short of the Zacks Consensus Estimate by a penny. Earnings increased 7% year over year mainly on the back of strong performance at its China division. On a reported basis, Yum! Brands' quarterly earnings were 54 cents per share, up 10% year over year.
The company reported a 3% year-over-year increase in total revenue to $2,425 million which handily beat the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Fires All Cylinders In 2Q

Posted: 23 Apr 2011 11:08 AM PDT

Apple Inc. (NASDAQ:AAPL) continued its bullish run with better-than-expected second quarter fiscal 2011 results.

AAPL breezed past the Zacks Consensus Estimate of $5.34 by $1.06 (19.9%) in the quarter. Results were fueled by strong iPhone sales, record Mac sales and increased iPad sales, as unit shipments remained robust.
The outlook for Mac, iPad and iPhone 4 remains extremely strong, backed by demand in domestic and international markets, boding well for Apple’s revenues and earnings.

Operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSIQ To Power Fire Energy

Posted: 23 Apr 2011 11:08 AM PDT

Canadian Solar Incorporation (NASDAQ:CSIQ) has announced its agreement with Fire Energy Group to supply 100 megawatts (MW) of solar modules, which will be delivered through 2011. The companies have agreed to adjust the prices of solar modules in every quarter.
Under this agreement Canadian Solar will supply a mix of its 60-cell CS6P and the CS6V large-format modules to be used in a variety of rooftop and ground-mounted applications of Fire Energy Group. This new agreement will extend and strengthen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint Settles Clearwire Dispute

Posted: 23 Apr 2011 11:08 AM PDT

Sprint Nextel Corp. (NYSE:S), the third-largest U.S. wireless carrier, has finally settled its wholesale pricing dispute with Clearwire Corp. (NASDAQ:CLWR). The company has agreed to pay Clearwire at least $1 billion over the next two years.
Sprint will pay $300 million in 2011 and $550 million in 2012, and make prepayments of $175 million to Clearwire for its 4G services over the next two years. Sprint Nextel owns a hefty 54% stake in Clearwire and offers speedy data services to customers via 4G WiMax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SunTrust Surpasses Again

Posted: 23 Apr 2011 11:07 AM PDT

SunTrust Banks Inc.'s (NYSE:STI) first quarter earnings came in at 22 cents per share, way ahead of the Zacks Consensus Estimate of 13 cents. This represents SunTrust's third straight quarter of profit after incurring significant losses since mid-2008. Earnings were also substantially better than the loss of 46 cents in the year-ago quarter.
Results for the reported quarter leave out 14 cents per share non-cash charge related to the redemption of the TARP preferred shares. Considering this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Rent-A-Center

Posted: 23 Apr 2011 11:07 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators in the U.S., is scheduled to report its first-quarter 2011 financial results after the bell on Monday, April 25, 2011. The current Zacks Consensus Estimate for the quarter is 85 cents a share. For the quarter under review, revenue is $753 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
On January 31, 2011, Rent-A-Center delivered better-than-expected fourth-quarter 2010 results. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Initial Claims Fall Less Than Expected

Posted: 23 Apr 2011 11:07 AM PDT

Initial Claims for Unemployment Insurance fell by 23,000 last week to 403,000. However, last week was revised up by 4,000, so one could see it as a decline of 9,000. This was worse than the expected level of 390,000.
The trend in initial claims is downward, although there have been some bumps along the way. The weekly numbers, after an erratic few months, seem to have broken decisively to the downside. Last week was a big bump, and this week only partially repairs the damage.
Let us hope the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSX Demonstrates Strong Growth

Posted: 23 Apr 2011 11:07 AM PDT

CSX Corporation (NYSE:CSX), the second-largest U.S. railroad, reported its first quarter 2011 earnings of $1.06 per share surpassing the Zacks Consensus Estimate of $1.04 and the year-ago earnings of 78 cents. Earnings per share shot up 36% year over year on solid growth across all segments despite a steep rise in fuel cost.   
Revenue climbed 13% year over year to $2.8 billion in the reported quarter, and scaled past the Zacks Consensus Estimate of $2.7 billion on 7% volume growth. Most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marriott Misses By A Penny

Posted: 23 Apr 2011 11:07 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: 23 Apr 2011 11:07 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

Earnings Preview: Altera Corporation

Posted: 23 Apr 2011 11:07 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

Air Products Reports Strong Quarter

Posted: 23 Apr 2011 11:07 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

Bristol-Myers Previewed

Posted: 23 Apr 2011 11:07 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

Strength Across All Segments For Slilcom

Posted: 23 Apr 2011 11:07 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

Plexus Surpasses Estimates

Posted: 23 Apr 2011 11:07 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

E*TRADE Returns To Profit

Posted: 23 Apr 2011 11:07 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

Solid First Quarter For PPG

Posted: 23 Apr 2011 11:07 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

Walter Energy Shy Of Estimates

Posted: 23 Apr 2011 11:07 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: 23 Apr 2011 11:07 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

IDEX Beats Zacks Estimate

Posted: 23 Apr 2011 11:07 AM PDT

IDEX Corporation (NYSE:IEX) has posted an adjusted EPS of 57 cents in the first quarter of fiscal 2011, excluding the impact from restructuring related charges, compared with 46 cents in the year-ago quarter.  This was above management's guidance of 52 cents – 54 cents and quite easily beating the Zacks Consensus Estimate of 53 cents.
Sales of $427 million were up 20% from the year-ago quarter, including an organic growth of 12%, ahead of the Zacks Consensus Estimate of $403 million. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Diamond Offshore Beats

Posted: 23 Apr 2011 11:07 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

Sallie Mae Tops Zacks Estimate

Posted: 23 Apr 2011 11:07 AM PDT

SLM Corp. (NYSE:SLM) better known as Sallie Mae, reported first quarter 2011 core earnings of $260 million or 48 cents per share, ahead of the Zacks Consensus Estimate of 41 cents. The results compare favorably with prior-year quarter's core earnings of $215 million or 40 cents per share.
Favorable results were primarily driven by a decrease in loan loss provisions, increased net interest income and gains from repurchasing debt. The company also announced its first common stock dividend since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chipotle Beats Sales, Not Margins

Posted: 23 Apr 2011 11:07 AM PDT

Chipotle Mexican Grill, Inc. (NYSE:CMG) reported first quarter 2011 earnings of $1.46, which surpassed the Zacks Consensus Estimate of $1.43 and soared 22.7% from $1.19 in the prior-year quarter.
The company experienced strong top-line growth buoyed by higher traffic count and new restaurant openings.
The fast food restaurant chain said that revenues rose 24.3 % to $509.4 million, driven by new restaurant openings and an increase in comparable-store sales. The reported revenues also outperformed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terex Swings To 1Q Profit

Posted: 23 Apr 2011 11:07 AM PDT

Terex Corp. (NYSE:TEX) reversed its string of losses with a fiscal 2011 first quarter profit per share of 4 cents. Results were a stark improvement from the year-ago loss of 73 cents a share. The reported profit was also an improvement from the Zacks Consensus Estimate of a loss per share of 10 cents.
The profit in the quarter included an after-tax gain of 28 cents per share on the sale of approximately 1.8 million shares of Bucyrus International Inc. (NASDAQ:BUCY), an after-tax expense of 4 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yahoo Beats, Guides In-line

Posted: 23 Apr 2011 11:07 AM PDT

Yahoo! Inc. (NASDAQ:YHOO) reported first quarter non-GAAP earnings that beat the Zacks Consensus estimate by 4 cents. This represented a 25.9% decline from the seasonally stronger fourth quarter of 2010 and a 25.0% increase from the comparable year-ago quarter.
Engagement on Yahoo properties improved significantly in the last quarter, with Yahoo branded sites seeing a 13% increase from the year-ago quarter and Yahoo properties seeing a 15% increase. Both page views and minutes spent on pages went … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Quarter For Newmont

Posted: 23 Apr 2011 11:07 AM PDT

Newmont Mining Corporation ’s  (NEM) adjusted net income rose to $513 million or $1.04 per share in the first quarter from last year's $408 million or 83 cents per share.
The result eclipsed the Zacks Consensus Estimate of 96 cents per share.
Revenues
Total revenue was $2.5 billion, up 10% year over year. However, that was below the Zacks Consensus Estimate of $2.6 billion.
Newmont reported attributable gold and copper production of 1.3 million ounces and 57 million pounds, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MS Drugs Drive Biogen Results

Posted: 23 Apr 2011 11:07 AM PDT

Biogen Idec (NASDAQ:BIIB) reported first-quarter earnings per share of $1.42, 3 cents above the Zacks Consensus Estimate of $1.39 and well above the year-earlier figure of $1.04. Excluding the impact of stock-based compensation expense, first quarter 2011 earnings came in at $1.43 per share.
Performance was boosted by higher mutliple sclerosis (MS) drug revenues, lower costs and lower share count. Biogen has been looking to streamline its operations and increase efficiencies through the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southwest Reports In Line

Posted: 23 Apr 2011 11:07 AM PDT

Before the opening bell, the low-cost carrier Southwest Airlines Co. (NYSE:LUV) declared its first quarter 2011 adjusted earnings of 3 cents per share. The quarter's results were at par with the Zacks Consensus Estimate as well as year-ago earnings. The company delivered strong results in terms of revenue and traffic growth that largely offset higher fuel and oil expenses in the quarter.
Net income, excluding special items, fell 16.7% year over year to $20 million.  
Total operating revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UnitedHealth Beats Estimates

Posted: 23 Apr 2011 11:07 AM PDT

UnitedHealth Group (NYSE:UNH) reported first quarter 2011 net earnings of $1.22 per share, well ahead of the Zacks Consensus Estimate of 89 cents.
Earnings also compare favorably with $1.03 per share reported in the prior-year quarter. Net earnings increased 13% year over year to $1.3 billion in the quarter.
Results were aided by strong revenue growth from UnitedHealthcare as well as from Optum businesses.
Operational Update
UnitedHealth reported revenue of $25.43 billion in the quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MGIC Investment Lags Estimate

Posted: 23 Apr 2011 11:07 AM PDT

MGIC Investment Corp. (NYSE:MTG) reported a first-quarter 2011 operating loss of 20 cents per share; wider than the Zacks Consensus Estimate of a loss of 10 cents. However, the loss narrowed from the year-ago quarter’s loss of $1.42 per share. Operating loss totaled $38.8 million compared with a loss of $177 million in the prior-year quarter.
Including a realized gain of $5.8 million or 3 cents a share, MGIC reported a loss of $33 million, compared with a loss of $150.1 million or $1.20 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: IGT

Posted: 23 Apr 2011 11:07 AM PDT

International Game Technology (IGT) is scheduled to announce its second quarter 2011 results after the closing bell today.
Estimate revisions were trending downward over the last few days, so we prefer to remain on the sidelines for the time being.
The Zacks Consensus Estimate for the second quarter is pegged at 20 cents, flat year over year. IGT posted an average earnings surprise of negative 1.91% in the past four quarters.
IGT reported non-GAAP earnings of 21 cents per share in the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Capital One Runs Past Estimates

Posted: 23 Apr 2011 11:07 AM PDT

Capital One Financial Corp.'s (NYSE:COF) first quarter 2011 earnings from continuing operations of $2.24 per share were substantially ahead of the Zacks Consensus Estimate of $1.53. This also compares favorably with $1.53 in the prior quarter and $1.58 in the year-ago quarter.
Better-than-expected results for the quarter were primarily from increased revenues and a lower provision for loan losses due to improved credit performance. Additionally, the company capital and profitability ratios also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

L-3 Communications Tops On EPS

Posted: 23 Apr 2011 11:07 AM PDT

L-3 Communications Holdings Inc. (NYSE:LLL) reported first quarter 2011 diluted earnings per share (EPS) of $1.85, comfortably surpassing the Zacks Consensus Estimate of $1.78.
However, the result came in below the year-ago quarterly earnings of $1.87 per share.
Operating Statistics
Quarterly net sales fell marginally by 1% or $23 million year-over-year to $3.6 billion, and came in line with the Zacks Consensus Estimate. Lower sales year over year primarily came from the Aircraft Modernization and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Surprises In 1Q11

Posted: 23 Apr 2011 11:07 AM PDT

Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, declared its first-quarter 2011 financial results, beating both the top line and bottom line of the Zacks Consensus Estimates. Today Nokia entered into a definitive agreement with Microsoft Corp. (NASDAQ:MSFT) to develop a smartphone ecosystem. Last February, Nokia announced that it has decided to use Windows Mobile 7 software as an operating system for all its future smartphones.
In another positive development, Nokia Siemens … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pros And Cons Balance Dean Foods

Posted: 23 Apr 2011 11:07 AM PDT

We are maintaining our long-term Neutral recommendation on Dean Foods Co. (DF).
DF is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products.
The company continues to make headway in its efforts to achieve the lowest cost position in the industry. Management's plans to reduce headcount by 350 to 400 positions have led to approximately $25 million in annualized cost savings in 2010. The company also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Honeywell Beats Estimates

Posted: 23 Apr 2011 11:07 AM PDT

Honeywell International Inc.'s (NYSE:HON) reported first-quarter 2011 earnings per share from continuing operations of 88 cents, above the Zacks Consensus Estimateof 81 cents and prior- year earnings of 63 cents.
Total Revenue
Total revenue was $8.9 billion, above the Zacks Consensus Estimate of $8.6 billion for the quarter. Organically total revenue was up 11% year over year, led by strong growth seen in every business segment of the company. Honeywell witnesses continued momentum across its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Praxair Inc.

Posted: 23 Apr 2011 11:06 AM PDT

Praxair Inc. (NYSE:PX) is slated to release its first quarter 2011 results on Wednesday, April 27. The current Zacks Consensus Estimate for third quarter earnings per share (EPS) is $1.27, representing an annualized growth of 16.14%.   
Praxair had outperformed the Zacks Consensus Estimate over the trailing four quarters with a positive surprise of 2.28%.
Fourth Quarter Highlights
Praxair's fourth quarter results were encouraging; with adjusted earnings per share of $1.25, above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

F5 Networks Tops On Product Demand

Posted: 23 Apr 2011 11:06 AM PDT

F5 Networks Inc. (NASDAQ:FFIV) posted decent second quarter fiscal 2011 earnings per share (EPS) of 68 cents, beating the Zacks Consensus Estimate of 66 cents. The outperformance was attributable to solid revenues fueled by the growing demand for the company's products, as well as market share gains.
Revenues
F5 Networks reported revenues of $277.6 million in the second quarter, up 34.7% from $206.1 million in the year-ago period. The quarter's revenue was at the lower end of the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BB&T Goes A Penny Ahead Of Estimate

Posted: 23 Apr 2011 11:06 AM PDT

BB&T Corporation's (NYSE:BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter's earnings of 27 cents.
BB&T's results reflected higher net interest margin and lower non-interest expenses. The quarter witnessed improved credit quality, enhanced capital ratios and lower provision expenses. However, a decline in the top line slightly dampened the results.
The GAAP net income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinder Morgan Trails Estimates

Posted: 23 Apr 2011 11:06 AM PDT

Kinder Morgan Energy Partners L.P. (NYSE:KMP) reported adjusted first quarter 2011 earnings of 45 cents per limited partner unit, at par with the adjusted year-earlier quarter's result. However, the result failed to meet the Zacks Consensus Estimate of 47 cents.
Revenue in the quarter decreased to $1,992.8 million from $2,129.6 million in the year-ago quarter. The top line also fell shy of the Zacks Consensus Estimate of $2,197 million.
Kinder Morgan increased its quarterly cash distribution per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BioMarin Cut To Underperform

Posted: 23 Apr 2011 11:06 AM PDT

We are downgrading BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to Underperform from Neutral following its below-par showing in the final quarter of 2010.
Earnings were hurt by lower-than-expected revenues.
BioMarin develops and commercializes biopharmaceuticals for serious diseases and medical conditions. The company's product portfolio comprises four approved products and several investigational candidates. The marketed products include Aldurazyme, Naglazyme, Kuvan and Firdapse.
Aldurazyme was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Seagate To Take Over Samsung HDD

Posted: 23 Apr 2011 11:06 AM PDT

Seagate Technology plc (NASDAQ:STX) announced the signing of a definitive agreement with Samsung Electronic Co. Ltd. to extend their strategic ties. The agreement encompasses various issues, expected to be beneficial for both companies, going forward. The deal was announced in conjunction with the third quarter results.
Under the terms of the agreement, Seagate will acquire Samsung's Hard Disk Drive (HDD) business unit. Seagate will pay a handsome $1.375 billion, 50% in cash and 50% in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP: Continuing The Blame Game?

Posted: 23 Apr 2011 11:06 AM PDT

On the first anniversary of the Deepwater Horizon rig disaster, British giant BP plc (BP) has filed suits in the New Orleans federal court against two of its contractors – Transocean Ltd. (RIG) and Cameron International Corp. (CAM) – seeking billions of dollars in damages and other costs. The London-based group has accused Transocean and Cameron of negligence that led to the biggest environmental disaster in U.S. history.   
As a reminder, on April 20, 2010, offshore driller … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Patriot Coal Posts Wider Loss

Posted: 23 Apr 2011 11:06 AM PDT

Coal producer Patriot Coal Corporation (NYSE:PCX) posted a loss of 17 cents per share for the first quarter, which was wider than the Zacks Consensus Estimate for a loss of 15 cents.
The bottom line was also shy of the year-ago earnings of 5 cents.
Top Line Scenario
Revenue in the first quarter rose 23% from last year to $577 million due to higher average selling prices and a swell in sales volume recorded in 2011. Net revenue also outperformed the Zacks Consensus Estimate of $550 million.
Of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Strong Quarter For Cepheid

Posted: 23 Apr 2011 11:06 AM PDT

Cepheid (NASDAQ:CPHD) reported an adjusted EPS of 2 cents during the first quarter of fiscal 2011, much better than the loss of 6 cents in the year-ago period and the Zacks Consensus Estimate of a loss of 1 cent.
Revenues during the quarter increased 25.4% to $60.2 million, beating the Zacks Consensus Estimate of $57 million. The upside was driven by a 22% growth in product sales to $57.6 million attributable to strong sales of reagents and systems. Based on strong revenue growth, Cepheid was able … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Celgene

Posted: 23 Apr 2011 11:06 AM PDT

Celgene Corporation (NASDAQ:CELG) is all set to announce its first quarter 2011 results on April 28, 2011.
The Zacks Consensus Estimate for the quarter is $0.73, representing a year-over-year increase of 35.2%. The performance of Celgene has fluctuated over the last four quarters. The company has missed estimates in two of the four quarters of 2010. The trailing four-quarter average is -1.08%.
Fourth quarter 2010 recap
Celgene's fourth quarter 2010 earnings (excluding special items but including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Xerox Exceeds Estimates In 1Q

Posted: 23 Apr 2011 11:06 AM PDT

Xerox Corporation (NYSE:XRX) reported a profit of $281 million or 19 cents per share in the first quarter of 2011, including $53 million or 4 cents per share charges on amortization of intangible assets.
On excluding the charges, adjusted profit of Xerox amounted to $334 million or 23 cents per share, barely exceeding the Zacks Consensus Estimate by a penny. The profit reflects significant improvement compared with the year-ago loss of $42 million or 4 cents per diluted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: American Capital Agency Corp.

Posted: 23 Apr 2011 11:06 AM PDT

American Capital Agency Corp. (AGNC), a real estate investment trust, is scheduled to report its fiscal 2011 first quarter earnings after the closing bell on April 25, 2011.
The current Zacks Consensus Estimate for the first quarter is $1.36 per share, representing year-over-year growth of about 69.4%.
Fourth Quarter Recap
American Capital reported earnings of $2.50 per share during the fourth quarter 2010, compared to $1.79 in the year-earlier quarter. Excluding one-time items, recurring net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kansas City Southern Delivers

Posted: 23 Apr 2011 11:06 AM PDT

Kansas CitySouthern (NYSE:KSU), a leading freight rail transportation company, reported financial results for the first quarter of 2011. Quarterly net income was $62.6 million or 58 cents per share compared with $32.6 million or 34 cents per share in the year-ago quarter. Quarterly EPS of 58 cents was exactly in line with the Zacks Consensus Estimate.
Quarterly total revenue was $488.6 million, up 12% year over year, surpassing the Zacks Consensus Estimate of $481 million. This was primarily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ONEOK Hikes Distribution As Planned

Posted: 23 Apr 2011 11:06 AM PDT

ONEOK Partners L.P. (NYSE:OKS) said that its Board of Directors approved a one-cent increase in the quarterly cash distribution rate.
The new distribution rate of $1.15 per unit will be effective from the first quarter of 2011 and is scheduled to be paid on May 13, 2011 to unitholders of record as of April 29, 2011.
The new annualized cash distribution rate of the partnership is $4.60 per unit, reflecting growth of 0.9% from the previous annualized dividend rate of $4.56 per unit. ONEOK Partners … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Office Depot Exits Canada

Posted: 23 Apr 2011 11:06 AM PDT

Office Depot Inc. (NYSE:ODP) recently announced that it will put up the shutters on its nine existing stores in Canada on June 11. However, it will continue to provide services to its customers through its Canadian website, according to Business Journal.
The supplier of office products entered the Canadian market in 1992 by acquiring the Great Canadian Office Supplies Warehouse chain. Its exit will make around 180 Canadian workers jobless.
Office Depot claims that the move was the part of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sonoco Hikes Div, Repurchases

Posted: 23 Apr 2011 11:06 AM PDT

The Board of Directors of Sonoco Products Co. (NYSE:SON) declared an increase of a penny per share in the quarterly dividend from the previous dividend of 28 cents per share.
The dividend at  the enhanced rate, amounting to 29 cents per share, will be payable on June 10, 2011 to shareholders of record as of May 13, 2011.
According to management, this is the 29th consecutive year when Sonoco has increased dividend on its common stock. This is also the 344th quarter starting from 1925 when the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Janus Capital Beats Ests By A Penny

Posted: 23 Apr 2011 11:06 AM PDT

Janus Capital Group Inc.'s (NYSE:JNS) first-quarter 2011 earnings per share attributable to common shareholders came in at 21 cents, outpacing the Zacks Consensus Estimate by a penny, aided by higher assets under management (AUM).
However, results compared unfavorably with 36 cents reported in the prior quarter and favorably with 17 cents in the year-ago quarter. First-quarter 2011 results include 3 cents per share non-operating charge from the early retirement of debt.
For the reported quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gen-Probe Trichomonas Test Cleared

Posted: 23 Apr 2011 11:06 AM PDT

Diagnostic products maker Gen-Probe Inc (NASDAQ:GPRO) has won the approval of the U.S. Food and Drug Administration ("FDA") for its APTIMA assay for Trichomonas vaginalis, a sexually transmitted disease. The California-based company filed the 510 (k) application for the assay with the regulator in October 2010. The APTIMA Trichomonas assay was cleared in Europe in June 2010.  
Trichomonas, a sexually transmitted parasite, can cause inflammatory conditions such as vaginitis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSN Strikes Deal With Rio Tinto

Posted: 23 Apr 2011 11:06 AM PDT

Brazil-based Companhia Siderurgica Nacional (NYSE:SID), or CSN, has agreed to sell its entire equity stake in the Australia-based mining company Riversdale Mining Limited to Rio Tinto Plc.
Rio Tinto has obtained more than 72% of Riversdale's holding.
According to the agreement, the company will dispose of its 19.9% stake in Riversdale (equivalent to 47.29 million common shares) for A$16.50 per share. The total consideration comes to approximately A$780.3 million (or US$830 million).
Rio Tinto, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

T. Rowe Price Profit Soars

Posted: 23 Apr 2011 11:06 AM PDT

T. Rowe Price Group Inc.'s (NASDAQ:TROW) first-quarter 2011 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected top-line growth and higher assets under management (AUM), partially offset by higher operating expenses, cumulated in improved performance. However, the quarter's earnings were below the Zacks Consensus Estimate of 75 cents.
Net income increased 27.2% to $194.6 million from $153.0 million in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Phillip Morris Beats; Lifts Guidance

Posted: 23 Apr 2011 11:06 AM PDT

Cigarette manufacturer and marketer Philip Morris International Inc. (PM) reported first-quarter 2011 earnings per share, excluding special items, of $1.06 a share.
The result was 1.9% above the Zacks Consensus Estimate of $1.04.
However, compared to the prior-year period, Philip Morris' earnings per share were up 17.8%, attributable to price increases and strong volume growth in Asia.
Revenue, Volumes & Margins
During the quarter, Philip Morris' net revenues grew 4.5% year-over-year to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fifth Third Lags Estimate

Posted: 23 Apr 2011 11:06 AM PDT

Fifth Third Bancorp (NASDAQ:FITB) reported  first quarter net income available to common shareholders of $88 million or 10 cents per share, significantly below the Zacks Consensus Estimate of 27 cents. The results also compared unfavorably with net income of $270 million or 33 cents per share in the prior quarter, but compared favorably with net loss of $72 million or 9 cents in the prior-year quarter.
The results were negatively affected by lower net interest income and non-interest income, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AEP Beats On EPS, Barely Misses Rev

Posted: 23 Apr 2011 11:06 AM PDT

Before the markets opened, American Electric Power Company (NYSE:AEP) reported first quarter 2011 adjusted EPS of 82 cents, which surpassed the first quarter 2010 EPS of 76 cents and the Zacks Consensus Estimate of 79 cents.
Despite less favorable winter temperatures for the quarter in most of the regions, the year-over-year improvement resulted mainly from the company's cost-reduction initiatives and its success in recovering operating costs in rate proceedings in a number of jurisdictions.
On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AMB Beats Marginally

Posted: 23 Apr 2011 11:06 AM PDT

AMB Property Corp. (NYSE:AMB), a leading global provider of distribution facilities, reported first quarter 2011 recurring fund from operations (FFO) of 33 cents per share compared with 31 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income. The first quarter 2011 recurring FFO marginally beat the Zacks Consensus Estimate by a penny.
Total revenues during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Horizon Swings To Profit

Posted: 23 Apr 2011 11:06 AM PDT

First Horizon National Corp.'s (NYSE:FHN) first quarter 2011 earnings of 15 cents per share were well ahead of the Zacks Consensus Estimate of 4 cents per share.
Results also came in favorably compared with a loss of 20 cents per share in the prior quarter and a loss of 12 cents per share in the year-ago quarter. First quarter 2011 net income available to common shareholders was $40 million, compared to a loss of $49 million in the prior quarter.
First Horizon's results significantly benefited … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NY Times Misses By A Penny

Posted: 23 Apr 2011 11:06 AM PDT

The New York Times Company (NYSE:NYT) recently posted lower-than-expected first-quarter 2011 results, reflecting sagging advertising and circulation revenues. The quarterly earnings of 2 cents a share missed the Zacks Consensus Estimate by a penny, and dropped substantially from 11 cents earned in the prior-year quarter.
The Zacks Consensus Estimate had remained stagnant prior to the earnings release with none of the 5 analysts following the stock revised their estimates in the last 30 or 7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Profit Shoots, Top Line Topples

Posted: 23 Apr 2011 11:05 AM PDT

PNC Financial Services Group Inc.'s (NYSE:PNC) first-quarter 2011 adjusted earnings of $1.57 per share were ahead of the Zacks Consensus Estimate of $1.37.
Results also compared favorably with adjusted earnings of 66 cents per share in the prior-year quarter. Consequently, reported net income increased 24% year over year to $832 million.
However, earnings per share of 66 cents in the first quarter 2010 included a reduction of 50 cents per share related to the redemption of TARP preferred … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmEx Outperforms, Steady For Future

Posted: 23 Apr 2011 11:05 AM PDT

Yesterday, American Express Company (NYSE:AXP) (AmEx) reported first quarter operating earnings of 97 cents per share, modestly ahead of the Zacks Consensus Estimate of 93 cents but dramatically ahead of the year-ago quarter's 73 cents. Meanwhile, net income increased 33% year over year to $1.18 billion from $885 million in the year-ago period.
Results for American Express continued to benefit from an increased usage of cards with lesser defaults as consumers resumed their spending to that of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taubman Centers Beats Estimates

Posted: 23 Apr 2011 11:05 AM PDT

Taubman Centers, Inc. (NYSE:TCO), a real estate investment trust (REIT), reported first quarter 2011 FFO (funds from operations) of 63 cents per share compared to 60 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income, while adjusted FFO excludes the impairment and restructuring charges.
The first quarter 2011 reported FFO beat the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dover Beats, Guides Higher

Posted: 23 Apr 2011 11:05 AM PDT

Dover Corp. (NYSE:DOV) reported first-quarter 2011 adjusted earnings per share (EPS) of 92 cents, beating the Zacks Consensus Estimate of 90 cents. Results recorded a 42% increase over the prior-year quarter's EPS of 65 cents driven by strength in end-markets, with particular strength seen at Fluid Management and Industrial Products.
EPS in the reported quarter however, excluded a tax benefit of 4 cents related to the favorable resolution of domestic tax position. Including this benefit, EPS in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DuPont Profits, Outlook Bright

Posted: 23 Apr 2011 11:05 AM PDT

DuPont (NYSE:DD) reported an increase in profit to $1.43 billion or $1.52 per share in the first quarter of 2011 from $1.13 billion or $1.24 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 15 cents per share.
The improvement in profit was attributable to higher sales in the developing markets and strong volumes, especially in Safety & Protection, Agriculture & Nutrition and Electronics & Communications segments.
Sales in the quarter grew 18% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sherwin-Williams Beats Estimates

Posted: 23 Apr 2011 11:05 AM PDT

Sherwin-Williams Co. (NYSE:SHW) reported net earnings of 63 cents per share in the first quarter of 2011, more than double of 30 cents per share in the year-ago period and up 11 cents from the Zacks Consensus Estimate of 52 cents. The first quarter earnings also whizzed past the company's guided range of 48 cents to 58 cents per share.
Net sales for the quarter increased 19% year over year to $1.85 billion driven by acquisitions and selling price increases. Sherwin-Williams' first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intel Posts Solid Results, Outlook

Posted: 23 Apr 2011 11:05 AM PDT

Intel Corp (NASDAQ:INTC) reported first quarter earnings of 59 cents per share that beat the Zacks Consensus Estimate by 13 cents. Shares soared in response to the news. Solid revenue growth across all segments, and contributions from the McAfee and Infineon acquisitions offset the higher level of expenses to deliver the solid numbers.
Revenue
Intel reported revenue of $12.8 billion that was better than management's original guidance range of $11.5 billion (+/- $400 million). Revenue for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WDC Exceeds, EPS Tumbles

Posted: 23 Apr 2011 11:05 AM PDT

Western Digital Corporation (NYSE:WDC) reported third quarter fiscal 2011 earnings per share (EPS) of 66 cents, which exceeded the Zacks Consensus Estimate of 65 cents. Revenues of $2.25 billion also bettered the Zacks Consensus Estimate of $2.24 billion.
Revenues
Third quarter fiscal 2011 revenue of $2.25 billion declined 14.8% year over year and 9.0% sequentially. The downfall was due to a $6.0 year over year and $2.0 sequential decline in average hard drive selling price, to $45 per unit. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Athenahealth Chosen By CalHIPSO

Posted: 23 Apr 2011 11:05 AM PDT

Medical billing and records software provider Athenahealth Inc (NASDAQ:ATHN) has been chosen as a vendor for its electronic health record ("EHR") services by California Health Information Partnership and Services Organizations ("CalHIPSO"), a nonprofit organization that offers programs and services to help medical providers adopt EHR systems.
CalHIPSO, the regional extension center ("REC") in California (except Los Angeles and Orange County), is responsible for the adoption and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baxter Beats Fair And Square

Posted: 23 Apr 2011 11:05 AM PDT

Baxter International Inc. (NYSE:BAX) reported first-quarter 2011 adjusted (excluding one-time items) earnings per share of 98 cents, beating the corresponding Zacks Consensus Estimate of 93 cents, and surpassing the year-ago results also of 93 cents. The results exceeded Baxter's earlier guidance of 92 cents to 94 cents.
Baxter reported profit of $570 million (or 98 cents a share) in the quarter versus a loss of $63 million (or 11 cents a share) a year ago. Its first quarter results in 2010 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Travelers Ahead Of Estimates

Posted: 23 Apr 2011 11:05 AM PDT

The Travelers Companies (NYSE:TRV) reported operating earnings of $1.89 per share in the first quarter, surpassing the Zacks Consensus Estimate of $1.55 by 34 cents. Results were also ahead of $1.22 earned in the prior year quarter. Operating income was $826 million, up 31% from $631 million in the first quarter of 2010.
Higher underwriting gains, favorable resolution of prior-year tax matters, lower catastrophe losses and lower outstanding shares helped the company to post improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goodrich’s Good Start To The Year

Posted: 23 Apr 2011 11:05 AM PDT

Goodrich Corporation (NYSE:GR) announced first quarter 2011 operating earnings of $1.52 per share versus 86 cents in the year-ago quarter, reflecting a growth of 9.6%. The first quarter results surpassed the Zacks Consensus Estimate by 27 cents.
The strong earnings of the company during the quarter was mainly due to growth in sales in all market channels of the company, benefits from cost cutting initiatives, strong operational performance and favorable changes in estimates for certain long-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nucor’s Profit Takes A Huge Leap

Posted: 23 Apr 2011 11:05 AM PDT

Nucor Corporation (NYSE:NUE) reported a stupendous increase in profit to $190.8 million or 56 cents per share (excluding special items) in the first quarter of 2011 from $55 million or 15 cents per share (excluding special items) in the same quarter of 2010. With this, the company has beaten the Zacks Consensus Estimate by 21 cents per share and its own guidance of 30 cents–35 cents per share.
Consolidated sales surged 32% to $4.83 billion due to a 22% increase in average price per ton and a 9% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Align Beats, Gets Ambitious

Posted: 23 Apr 2011 11:05 AM PDT

Align Technology (NASDAQ:ALGN) reported first quarter 2011 adjusted EPS of 21 cents, beating both the Zacks Consensus Estimate of 17 cents and the year-ago quarter's 20 cents.Sequentially the adjusted EPS increased 50% from 14 cents.
Total revenue increased 16.4% year over year to $104.9 million (above the company's guidance of $99.0−$102.5 million), beating the Zacks Consensus Estimate of $101.0 million.
Align witnessed balanced sales growth across all its channels during the reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For April 25, 2011

Posted: 23 Apr 2011 10:05 AM PDT

By ForexMansion.com

 
The EUR/JPY is sitting around the 120 area, falling just shy of it. This pair certainly needs some kind of catalyst in order to move, and is currently waiting for that. If this pair falls, we could see 115 before long. However, you must remember that the central banks are below. A move above 120 would show strength and bring in more buyers – our preferred direction.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For April 25, 2011

Posted: 23 Apr 2011 10:04 AM PDT

By ForexMansion.com

 
The GBP/CHF is still sitting around the 1.46 -1.45 area, and is simply sitting still at this level. Until we see a strong move in one direction or another – there isn't much of a trade to be had. The pair is in a downtrend, so we prefer to see a large red candle to trade off of.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a part … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For The Week Of April 25, 2011

Posted: 23 Apr 2011 10:04 AM PDT

By ForexMansion.com

 
GBP/CHF continues to fall, and is now retesting the lows as traders look to Switzerland for safety. The pair looks very weak as the "bounce" has failed this week, and we expect a fall. The real question is now when.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Technical Analysis For The Week Of April 25, 2011

Posted: 23 Apr 2011 10:04 AM PDT

By ForexMansion.com

 
GBP/JPY formed a bullish hammer that bounced off of the 135.50 area. The pair looks like it wants to continue the move upward as the 135.50 area is so important. Knowing this – it looks like a buy on the first move north.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:

www.ForexMansion.com is a part of the Finance Mansion Network which operates global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For April 25, 2011

Posted: 23 Apr 2011 10:04 AM PDT

By ForexMansion.com

 
The EUR/CHF had a much quieter day today as traders stayed away for the holiday. The pair still remains in the confines of the previous day's range, and is looking rather flat at the moment. Until we get a serious break below yesterday's candle, or above it for that matter – this pair is simply one to observe.

Originally posted here
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Apple IPhone And IPad Logs User Location

Posted: 23 Apr 2011 08:00 AM PDT

04/23/11 The Apple iOS 4 on iPhone and iPad devices track user location, and store the information on the device, raising consumer privacy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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