DailyMarkets.com - Helmerich & Payne Tops Estimates

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• Helmerich & Payne Tops Estimates
• Integra Delivers Mixed Results
• AEP Short Of Top And Bottom Line
• D&B Beats, Reaffirms Outlook
• Chesapeake Tops On Oil Volume
• In-Line Quarter For Merck
• Chevron Reaps Big Profit In 2Q
• Chevron Reaps Big Profit In 2Q
• Amgen Beats, Updates Outlook
• Monster Beats By A Penny
• Mixed Results From Arch Coal
• Everest Re Beats By 2 Cents
• MoneyGram Misses Badly
• Deckers Posts Loss; Ups Outlook
• Coventry Beats Earnings, Misses Rev
• Federated Reports In Line
• Earnings Scorecard: Edwards
• TCLP Profit Up But Misses Estimate
• LPS Beats But Growth Slows Down
• Forex – EUR/USD Up At The End Of European Session
• Forex – Dollar Eases On Debt Impasse, Weak GDP Numbers
• Royal Caribbean Falls Short
• Ingram Shares Rise Despite Muted 2Q
• Growth Slump Inspires Treasury Rally Despite Debt Panic
• Forex – GBP/USD Up Toward The End Of European Session
• Forex Trading: EURUSD Falls But Finds Support Against The 200 Hour MA And Bounces
• Duke Realty Tops, Maintains Outlook
• Forex – EUR/USD Up During The European Session
• Word From The Floor: Wall Street Slides On GDP, Debt Talks
• Forex Trading: USDJPY Falls To 77.00 Level On Weaker US Data
• Forex – GBP/JPY Down In European Trading Hours
• Michael Greenlees And The Surging Growth At Ebiquity

Helmerich & Payne Tops Estimates Posted: 29 Jul 2011 10:05 AM PDT Contract drilling services provider Helmerich & Payne Inc. (NYSE:HP) reported robust third quarter fiscal 2011 results (three months ended June 30, 2011), aided by strong contributions from most of its business units. Earnings per share from continuing operations (excluding special items) were $1.00, surpassing the Zacks Consensus Estimate of 98 cents and prior-year results of 60 cents. Revenues of $644.1 million were up 33.2% from the third quarter of 2010 and also beat our projection by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Integra Delivers Mixed Results Posted: 29 Jul 2011 10:05 AM PDT Integra LifeSciences (NASDAQ:IART) reported EPS of 2 cents in the second quarter of fiscal 2011 compared with 50 cents in the year-ago quarter, down 96%. However, adjusted EPS (excluding one-time items) was 70 cents, which edged out the Zacks Consensus Estimate of 69 cents and was 2.9% higher than the year-ago quarter. Total revenue during the quarter increased 8% year over year to $193.3 million. However, excluding the impact of currency exchange rates, revenues increased 6% from the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AEP Short Of Top And Bottom Line Posted: 29 Jul 2011 10:05 AM PDT American Electric Power Co. Inc. (NYSE:AEP) reported second quarter 2011 adjusted EPS of 73 cents, down from the year-ago figure of 74 cents and the Zacks Consensus Estimate of 76 cents. GAAP and adjusted EPS was the same for the reported quarter compared with GAAP EPS of 28 cents in the year-ago period. Operational Performance Quarterly revenue at American Electric rose marginally to $3.6 billion from $3.4 billion in the year-ago period. However, revenues came in $37 million below the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

D&B Beats, Reaffirms Outlook Posted: 29 Jul 2011 10:05 AM PDT Dun & Bradstreet Corp. (NYSE:DNB) reported second quarter earnings, before non-core gains and one-time charges, of $1.35 per share, which surpassed the Zacks Consensus Estimate of $1.27. Operating Performance Earnings per share (EPS) on a non-GAAP basis increased 10.0% year over year. Net income, before non-core gains and one-time charges, was $67.1 million, up 7.0% year over year, with net margin expanding 30 basis points (bps) to 16.1%. In the second quarter, GAAP operating expenses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chesapeake Tops On Oil Volume Posted: 29 Jul 2011 10:05 AM PDT Natural gas provider, Chesapeake Energy Corp. (NYSE:CHK) has reported sharper-than-expected adjusted second quarter 2011 earnings of 76 cents per share, striding ahead of the Zacks Consensus Estimate of 72 cents. The outperformance came on the back of a 62% expansion in liquid production volumes. The reported figure showed a modest improvement from the year-earlier profit of 75 cents. Total revenue surged 65% year over year to $3,318 million from $2,012 million reported in the comparable period … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

In-Line Quarter For Merck Posted: 29 Jul 2011 09:50 AM PDT Merck & Co.’s (NYSE:MRK) earnings per share (excluding special items) for the second quarter of 2011 came in at 95 cents, in line the Zacks Consensus Estimate but 10.5% above the year-ago earnings. Double-digit growth of key products and new product launches contributed to earnings growth. Revenues for the quarter increased 7% to $12.2 billion, above the Zacks Consensus Estimate of $11.8 billion. While revenues were favorably impacted by foreign exchange fluctuations (4%), products like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron Reaps Big Profit In 2Q Posted: 29 Jul 2011 09:50 AM PDT U.S. energy giant Chevron Corp. (NYSE:CVX) reported a jump in its second-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.89, handsomely above the Zacks Consensus Estimate of $3.55 and the year-ago adjusted profit of $2.58. Quarterly revenue rose 30.1% year-over-year (from $53,004.0 million to $68,948.0 million) and was 7.9% above our projection. Segmental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron Reaps Big Profit In 2Q Posted: 29 Jul 2011 09:50 AM PDT U.S. energy giant Chevron Corp. (NYSE:CVX) reported a jump in its second-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.89, handsomely above the Zacks Consensus Estimate of $3.55 and the year-ago adjusted profit of $2.58. Quarterly revenue rose 30.1% year-over-year (from $53,004.0 million to $68,948.0 million) and was 7.9% above our projection. Segmental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amgen Beats, Updates Outlook Posted: 29 Jul 2011 09:50 AM PDT Amgen (NASDAQ:AMGN) reported second quarter earnings per share of $1.35, 5 cents above the Zacks Consensus Estimate and 0.7% above the year-ago earnings. Total revenues increased 4% to $3,959 million in the second quarter of 2011. Revenues topped the Zacks Consensus Estimate of $3,778 million. US revenues increased 7% during the quarter to $2,975 million. Meanwhile, international revenues increased 11% to $918 million. Foreign exchange (Fx) fluctuation boosted revenues by $34 million during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monster Beats By A Penny Posted: 29 Jul 2011 09:50 AM PDT Monster Worldwide (MWW) reported revenues of $270 million, up 25% year over year and up 3.5% sequentially. Currency translation had an $11 million positive impact on revenue in the first quarter. Bookings (represent the dollar value of contractual orders received, and are considered a key indicator of future revenues) increased 26% to $262 million year over year. Careers revenue came in at $236 million, up 28% year over year. North America generated revenues of $123 million, up 26% year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Results From Arch Coal Posted: 29 Jul 2011 09:50 AM PDT Coal producer Arch Coal Inc. (NYSE:ACI) reported net adjusted earnings of 44 cents per share for the second quarter 2011, much lower than the Zacks Consensus Estimate of 62 cents but a penny ahead of the year-ago earnings of 43 cents. GAAP net earnings during the quarter were 6 cents per share versus 41 cents per share reported in the year-ago quarter. The difference between GAAP and operating earnings was due to a 1 cent impact of amortization of acquired sales contract, 28 cents of acquisition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Everest Re Beats By 2 Cents Posted: 29 Jul 2011 09:50 AM PDT Everest Re Group Ltd. (NYSE:RE) has reported second quarter 2011 operating profit of $2.46 per share, 2 cents ahead of the Zacks Consensus Estimate. Results, however, compares unfavorably with earnings of $3.18 per share incurred in the year-ago quarter. Year-over-year results suffered hugely due to heavy catastrophe incidence during the first half of the year. Total pre-tax catastrophe losses (cat loss), net of reinstatement premiums, were $113 million in the reported quarter as against $64.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MoneyGram Misses Badly Posted: 29 Jul 2011 09:50 AM PDT MoneyGram International Inc. (NYSE:MGI) reported a second quarter loss per share of $1.37, substantially lower than the Zacks Consensus Estimate of earnings of 2 cents and loss of 31 cents in the year-ago quarter. Results included stock-based compensation costs of $3.2 million, $7.9 million of restructuring and reorganization costs, $5.2 million in loss on debt extinguishment, $2.6 million in legal accruals, $1.8 million in asset impairment charges and $4.0 million in costs associated with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deckers Posts Loss; Ups Outlook Posted: 29 Jul 2011 09:50 AM PDT Deckers Outdoor Corporation (NASDAQ:DECK), the maker of sheepskin boots and slippers, recently delivered a loss per share in the second-quarter 2011 results owing to costs associated with the transition to a wholesale business model from a distributor business model, opening of new stores and other investments. Despite higher costs, Deckers projects an improved outlook for fiscal 2011 driven by the acquisition of the Sanuk brand. The company has posted a quarterly loss per share of 19 cents, lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coventry Beats Earnings, Misses Rev Posted: 29 Jul 2011 09:35 AM PDT Coventry Health Care Inc. (NYSE:CVH) generated second-quarter 2011 operating earnings of $123.3 million or 83 cents per share, which exceeded the Zacks Consensus Estimate of 76 cents. The quarter's results were, however, below operating earnings of $149.2 million or $1.01 per share in the prior-year quarter. The year-over-year difference can be traced back to a favorable impact of 18 cents per share related to earnings from Medicare Advantage Private Fee-for-Service (MA-PFFS) product and an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federated Reports In Line Posted: 29 Jul 2011 09:35 AM PDT Federated Investors Inc. (NYSE:FII) reported second-quarter 2011 earnings per share of 41 cents, in line with the Zacks Consensus Estimate, and below the year-ago earnings of 46 cents. Moreover, the reported earnings were below 43 cents per share reported in the prior quarter. Results reflected decreased top-line growth, increase in voluntary fee waivers, and augmented operating expenses on a year-over-year basis. This was partly offset by a rise in fixed income and equity assets, higher assets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Edwards Posted: 29 Jul 2011 09:35 AM PDT The announcement of Edwards Lifesciences'(NYSE:EW) second quarter fiscal 2011 results as on July 21, 2011, has led analysts to revise their estimates lower for the third quarter. Previous Quarter Highlights Edwards reported an adjusted EPS of 49 cents in the second quarter of fiscal 2011, a penny below the Zacks Consensus Estimate, although exceeding the year-ago quarter's adjusted EPS of 46 cents. Revenues increased 18.1% to $431.2 million, also ahead of the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TCLP Profit Up But Misses Estimate Posted: 29 Jul 2011 09:05 AM PDT Pipeline operator TC PipeLines L.P. (TCLP) announced weaker-than-expected second-quarter 2011 results, reflecting higher costs. The Calgary, Alberta-based master limited partnership ("MLP") – with stakes in 5,560 miles of federally regulated U.S. interstate natural gas pipelines that cater to domestic and Eastern Canadian markets – reported earnings per unit (EPU) of 69 cents, below the Zacks Consensus Estimate of 75 cents. However, compared to the year-earlier period, TC PipeLines' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LPS Beats But Growth Slows Down Posted: 29 Jul 2011 09:05 AM PDT Lender Processing Services Inc. (NYSE:LPS) reported second-quarter 2011 adjusted earnings per share of 56 cents, a penny ahead of the Zacks Consensus Estimate and at the high end of its own guidance range of 54 cents to 56 cents. However, the earnings per share declined from the year-ago level of 89 cents. On a GAAP basis, earnings per share were 25 cents, down from 85 cents recorded in the year-earlier quarter. The drop in default volume and origination activity along with higher regulatory and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 29 Jul 2011 09:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4388, up 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.4230, today&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 58.8 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Eases On Debt Impasse, Weak GDP Numbers Posted: 29 Jul 2011 08:45 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts Friday, as an agreement to raise the nation&rsquo;s debt ceiling remained elusive, and data showed the U.S. economy grew at a slower pace than expected.<br /><br />In early U.S. trade the greenback lost ground against the euro, with EUR/USD rising 0.38% to hit 1.4389.<br /><br />Early in the session U.S. President Barack Obama said in a televised speech that a solution to raise the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Royal Caribbean Falls Short Posted: 29 Jul 2011 08:35 AM PDT Royal Caribbean Cruises Ltd. (NYSE:RCL) has reported second-quarter 2011 adjusted earnings of 43 cents per share, a penny below the Zacks Consensus Estimate. The earnings showed a strong improvement from the year-earlier earnings of 25 cents. During the quarter, management identified an error in the previous accounting treatment of interest expense and revised the same. Before the interest expense revision, earnings were 47 cents a share. The quarter's earnings came within management's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ingram Shares Rise Despite Muted 2Q Posted: 29 Jul 2011 08:35 AM PDT Ingram Micro Inc. (NYSE:IM) has reported second-quarter 2011 earnings per share of 37 cents, just matching the Zacks Consensus Estimate. However, the quarter's results were 9.8% below the year-ago level. Management held transitional difficulties to a new enterprise system in Australia responsible for the lackluster performance. But shares jumped 12.79% in after-market trade, which could be due to management's commentary that it has already resolved the Australian issue to some extent during … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth Slump Inspires Treasury Rally Despite Debt Panic Posted: 29 Jul 2011 08:27 AM PDT Debt-impasse aside, you could say that the U.S. economy took a unilateral step towards a credit downgrade on Friday after first-half growth simply evaporated in the government's GDP report. The huge downgrade in growth in the first quarter could be taken to imply lower tax and revenue implications and at the very least sets the world's number one economy on a lower trajectory at a time when global growth least needs it. Government bond yields slumped as a result conveniently overlooking the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 29 Jul 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> GBP/USD was trading at 1.6465, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, Monday&rsquo;s low, and resistance at 1.6470, today&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Falls But Finds Support Against The 200 Hour MA And Bounces Posted: 29 Jul 2011 08:10 AM PDT The EURUSD corrected lower after testing the 100 hour MA at the 1.4394 level and found support against the 200 hour MA. From there he price has moved back higher and looks to test the 100 hour MA again. Alhough, the dip buyers might keep a lid from profit taking, a move above this MA should solicit additional buying with 1.4417 the next target. By the way, the low at 1.4336 was 5 pips from the important 100 day MA at the 1.4331 level.  Traders had a low risk trade opportunity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Realty Tops, Maintains Outlook Posted: 29 Jul 2011 08:06 AM PDT Duke Realty Corp. (DRE) reported second quarter 2011 FFO (fund from operations) of $75.7 million or 29 cents per share compared with $40.7 million or 17 cents per share in the year-ago 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.  Reported FFO per share surpassed the Zacks Consensus Estimate by a penny.  Total revenue in the second quarter of 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The European Session Posted: 29 Jul 2011 08:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4371, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4230, today&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 58.8 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Slides On GDP, Debt Talks Posted: 29 Jul 2011 07:50 AM PDT 07/29/11 US stocks tumbled on the weaker-than-expected Q2 GDP reading, and the ongoing stalemate on debt talks in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Falls To 77.00 Level On Weaker US Data Posted: 29 Jul 2011 07:40 AM PDT The USDJPY moved sharply lower on the weaker US data today in addition to Washington budget issues. The price has found support against the 77.00 level with trendline just below this key level at 76.96.  The low in March came in at the 76.41 area in fast market conditions. At the time, the market was reeling from the "idea" that Japan exporters would need to repatriate funds back to Japan (selling dollars, buying yen in the process).   In March to stop the fall, global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours Posted: 29 Jul 2011 07:40 AM PDT Forexpros – The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on Chicago PMI.<br/><br/> GBP/JPY was trading at 126.64, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 126.12, today&rsquo;s low, and resistance at 128.18, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 58.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Michael Greenlees And The Surging Growth At Ebiquity Posted: 29 Jul 2011 02:46 AM PDT Last year, AIM listed media and marketing specialist Ebiquity (LON:EBQ) pulled off an acquisition in Germany that not only doubled its revenues but also transformed the services that it was able to offer advertisers, ad agencies and media owners. For chief executive Michael Greenlees – a renowned advertising industry figure who cancelled early retirement to join Ebiquity in 2007 – the company's recent rapid growth is just the start. Greenlees took the helm at Ebiquity – then known as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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