DailyMarkets.com - Earnings Preview: Vulcan Materials |
- Earnings Preview: Vulcan Materials
- Boston Properties Beats Estimates
- Earnings Preview: ValueClick
- Salesforce Wraps Up Radian Deal
- Capella Upped To Neutral
- Honda Cars Fear Supply Shortages
- Forex – AUD/USD Down In U.S. Trade
- Texas Roadhouse Posts Mixed Results
- MetroPCS Lags EPS But Grows
- Fidelity Reports In Line
- Enbridge Misses, Rev Grows
- American Tower Lags, Revenue Soars
- “Pay Attention To Macro Part Of Equation”
- Forex – NZD/USD Down During The U.S. Session
- AirTran Under Southwest Wing
- Earnings Scorecard: Wells Fargo
- Comstock Still In The Red
- Sears Expects Earnings Fall
- Duke Energy Beats, Reiterates
- Mylan Meets EPS, Sales Upbeat
- Health Care REIT Beats Slightly
- Rumor Mill Spurs Feverish Trading In Alcoa Options
- Forex – GBP/USD Down In U.S. Trade
- Clorox Disappoints
- Spectra Beats Consensus
- Conmed Beats, Profit Jumps
- Rowan Beats On Bottom Line
- Chesapeake Tops On Higher Volume
- European Markets Mixed At Close; Dax Down 0.36%
- Yen Rise Continues, Dollar Reverses Early Gains Vs. Euro
- Churchill Mining Brings In Indonesian Investors To Help Resolve East Kutai Licence Dispute
| Earnings Preview: Vulcan Materials Posted: 03 May 2011 11:35 AM PDT Vulcan Materials Company (NYSE:VMC) announced that it would release its results for the first quarter of 2011 after the market closes on May 4, 2011. Alabama-based Vulcan Materials realized a loss of 36 cents per share in the fourth quarter from continuing operations, deteriorating significantly from the Zacks Consensus Estimate of a loss of 19 cents per share.
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| Boston Properties Beats Estimates Posted: 03 May 2011 11:35 AM PDT Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported first quarter 2011 FFO (funds from operations) of $160.0 million or $1.12 per share, compared with $149.6 million or $1.07 per share in the year-earlier quarter. Fund 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.
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| Posted: 03 May 2011 11:25 AM PDT ValueClick Inc. (NASDAQ:VCLK) is slated to release its first quarter 2011 results after the closing bell today.
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| Salesforce Wraps Up Radian Deal Posted: 03 May 2011 11:25 AM PDT Salesforce.com Inc. (NYSE:CRM) announced that it completed the acquisition of social media monitoring tool provider Radian6, for roughly $340.0 million. The total purchase consideration includes $246.0 million in cash, $50.0 million in stock, as well as an additional $10 million in stock and $4 million in cash, which will be issued to the founders of Radian6, subject to vesting conditions over two years.
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| Posted: 03 May 2011 11:25 AM PDT We recently upgraded our recommendation on Capella Education Company (NASDAQ:CPLA), the provider of online education, to Neutral with a price target of $52.00 following better-than-expected first-quarter 2011 results. Earlier, we had a Sell rating on the stock.
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| Honda Cars Fear Supply Shortages Posted: 03 May 2011 11:25 AM PDT Honda Motor Co. (NYSE:HMC) has alerted its U.S. dealers about supply shortages of its popular models, Civic compact and CR-V small SUV, due to lower availability of parts that will support the required production level to meet their demand. The parts shortage came on the back of earthquake and tsunami in Japan on March 11 that damaged many parts-supplying companies' plants and paralyzed the power supply system.
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| Forex – AUD/USD Down In U.S. Trade Posted: 03 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0858, down 0.79% at time of writing.<br/><br/> The pair was likely to find support at 1.0846, today’s low, and resistance at 1.1013, Monday’s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.81% to hit 1.3660 and AUD/JPY falling 1.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Texas Roadhouse Posts Mixed Results Posted: 03 May 2011 11:05 AM PDT Texas Roadhouse Inc. (NASDAQ:TXRH) recently posted first quarter 2011 earnings of 27 cents that missed the Zacks Consensus Estimate of 29 cents and rose 1% year over year. The results were lower than expected due to higher costs that contracted margin. A significantly high amount of pre-opening expenses also adversely impacted its earnings.
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| Posted: 03 May 2011 11:05 AM PDT MetroPCS Communications Inc. (NYSE:PCS), the sixth-largest prepaid wireless service operator in the U.S. reported first quarter 2011 adjusted earnings per share of 15 cents, which missed the Zacks Consensus Estimate of 19 cents but shot up 150% from 6 cents in the year-ago quarter on record high net subscriber additions.
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| Posted: 03 May 2011 11:05 AM PDT Fidelity National Information Services Inc. (NYSE:FIS) reported first quarter 2011 earnings of 45 cents, in line with the Zacks Consensus Estimate and management's guided range of 44 to 46 cents. Strong revenue growth, partially offset by higher costs resulted in the quarter's performance.
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| Posted: 03 May 2011 11:05 AM PDT Enbridge Energy Partners L.P. (NYSE:EEP) reported first-quarter 2011 earnings of 31 cents per unit, well below the Zacks Consensus Estimate of 38 cents and the year-earlier profit of 37 cents. Results were lower than expected mainly due to higher operating costs in liquids and natural gas segments. These were partially compensated by additional revenues from liquid pipelines resulting from incremental volumes and rates associated with Alberta Clipper Pipeline.
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| American Tower Lags, Revenue Soars Posted: 03 May 2011 11:05 AM PDT American Tower Corp. (NYSE:AMT) today announced its first quarter 2011 financial results. The company's top line witnessed significant upside primarily attributed to the rise in demand for broadband data services coupled with the company's global expansion strategy.
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| “Pay Attention To Macro Part Of Equation” Posted: 03 May 2011 10:45 AM PDT 05/03/11 Sunrise Securities’ Ben Willis discusses the latest earnings reports, rate differentials and downward pressure on the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Down During The U.S. Session Posted: 03 May 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8018, down 0.56% at time of writing.<br/><br/> The pair was likely to find support at 0.7972, Thursday’s low, and resistance at 0.8120, Monday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.01% to hit 1.3570 and EUR/NZD rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 May 2011 10:35 AM PDT The largest U.S. low-cost carrier, Southwest Airlines (NYSE:LUV) finally completed its $1.4 billion merger of AirTran Holdings Inc, following all regulatory clearances.
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| Earnings Scorecard: Wells Fargo Posted: 03 May 2011 10:35 AM PDT Wells Fargo & Company (NYSE:WFC) reported first quarter 2011 earnings of 67 cents per share on April 20 that was in line with the Zacks Consensus Estimate. Quarterly results reflect a decent reserve release and a decrease in expenses, offset by revenue downturns.
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| Posted: 03 May 2011 10:35 AM PDT Oil and natural gas firm Comstock Resources Inc. (NYSE:CRK) posted a loss in the first quarter of 2011 despite volume growth across East Texas/North Louisiana regions and lower production taxes.
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| Posted: 03 May 2011 10:35 AM PDT Sears Holdings Corporation (NASDAQ:SHLD), after suffering a decline in earnings of just 0.5% in the fourth quarter of fiscal 2010, expects to incur a loss in the first quarter of fiscal 2011. The company expects net loss in the range of $145 million to $195 million, which entails loss per share of $1.35 to $1.81. The company had earned 14 cents a share in the prior-year period.
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| Posted: 03 May 2011 10:35 AM PDT Duke Energy Corporation (NYSE:DUK) announced its first-quarter 2011 operating earnings of 39 cents per share, beating the Zacks Consensus Estimate by 4 cents. The results were also higher than the year-ago earnings of 36 cents per share.
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| Posted: 03 May 2011 10:05 AM PDT Mylan Inc.'s (NYSE:MYL) first quarter 2011 earnings (excluding special items) of 44 cents per share were in line with the Zacks Consensus Estimate. A higher quarterly tax rate, increased share count and pricing pressure in Europe offset the increase in generics revenue in North America to deliver in line earnings growth. Earnings were nevertheless 22% above year-ago earnings of 36 cents per share.
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| Health Care REIT Beats Slightly Posted: 03 May 2011 10:05 AM PDT Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported first quarter 2011 FFO (funds from operations) of 46 cents per share, compared to 51 cents in the year-earlier quarter.
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| Rumor Mill Spurs Feverish Trading In Alcoa Options Posted: 03 May 2011 10:00 AM PDT Rumor Mill Spurs Feverish Trading in Alcoa Options
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| Forex – GBP/USD Down In U.S. Trade Posted: 03 May 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 1.6526, down 0.77% at time of writing.<br/><br/> The pair was likely to find support at 1.6468, today’s low, and resistance at 1.6747, Thursday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.92% to hit 0.8986 and GBP/JPY falling 1.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 May 2011 09:55 AM PDT Clorox Corporation (NYSE:CLX) posted lower third-quarter fiscal 2011 earnings of $1.03 per share compared with $1.07 per share in the year-ago quarter. Reported quarter earnings also failed to meet the Zacks Consensus Estimate of $1.04 per share.
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| Posted: 03 May 2011 09:55 AM PDT Premier natural gas company Spectra Energy Corp. (NYSE:SE) reported better-than-expected first-quarter 2011 results owing to expansion projects that kick-started, higher natural gas liquids (NGLs) prices and a stronger Canadian dollar.
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| Posted: 03 May 2011 09:55 AM PDT Conmed Corporation (NASDAQ:CNMD) reported first-quarter fiscal 2011 adjusted (excluding one-time items such as restructuring charges) earnings per share of 37 cents, outpacing the Zacks Consensus Estimate of 30 cents and the year-ago adjusted earnings of 28 cents. Profit (as reported) for the quarter surged 23% year over year to roughly $9 million (or 31 cents a share) on account of higher revenues.
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| Posted: 03 May 2011 09:55 AM PDT Rowan Companies Inc. (NYSE:RDC) recorded adjusted first-quarter 2011 earnings of 49 cents per share, breezing past the Zacks Consensus Estimate of 30 cents but showing deterioration from the year-earlier profit of 56 cents.
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| Chesapeake Tops On Higher Volume Posted: 03 May 2011 09:55 AM PDT Natural gas provider, Chesapeake Energy Corp. (NYSE:CHK) reported sharper-than-expected adjusted first quarter 2011 earnings of 75 cents per share, striding ahead of the Zacks Consensus Estimate of 70 cents. The outperformance came on the back of a 20% expansion in production volumes. However, the reported figure was below the year-earlier profit of 82 cents.
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| European Markets Mixed At Close; Dax Down 0.36% Posted: 03 May 2011 09:55 AM PDT Forex Pros – European stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.36%, London’s FTSE 100 gained 0.21%, France’s CAC 40 declined 0.29% and the EURO STOXX 50 was down 0.28%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.02%; the S&P 500 index shed 0.35%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Yen Rise Continues, Dollar Reverses Early Gains Vs. Euro Posted: 03 May 2011 04:45 AM PDT 05/03/11 Risk aversion has helped push the Japanese yen even higher this afternoon while the dollar has reversed earlier gains vs. the euro following an improvement in factory orders … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Churchill Mining Brings In Indonesian Investors To Help Resolve East Kutai Licence Dispute Posted: 03 May 2011 03:55 AM PDT Shares in AIM quoted coal project developer Churchill Mining (LON:CHL) jumped by 46% to 55.25p this morning on news that the company had teamed up with two prominent individuals in the Indonesian business community. The move saw Mr Rachmat Gobel and Ms Fara Luwia inject £7.7 million into the business in a subscription for shares priced at 40p each totalling around 16.5% of Churchill's enlarged share capital. Apart from the cash boost, Churchill is hoping the assistance of Mr Gobel and Ms … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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