Tuesday, August 2, 2011

DailyMarkets.com - Franklin Runs Ahead Of Estimates

DailyMarkets.com - Franklin Runs Ahead Of Estimates


Franklin Runs Ahead Of Estimates

Posted: 02 Aug 2011 09:50 AM PDT

Franklin Resources Inc.'s (NYSE:BEN) third-quarter 2011 earnings of $2.26 per share outpaced the Zacks Consensus Estimate of $2.16 per share.
Results reflected strong growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Moreover, the results were ahead of earnings of $1.58 per share in the prior-year quarter and $2.25 per share in the prior quarter.
Net income was $503.3 million in the quarter compared with $503.1 million in the prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYSE Beats But Plunges YoY

Posted: 02 Aug 2011 09:50 AM PDT

NYSE Euronext Inc.'s (NYSE:NYX) second quarter operating earnings per share of 61 cents came in a penny higher than the Zacks Consensus Estimate of 60 cents but lagged the 64 cents recorded in the year-ago quarter. Consequently, operating net income dipped 4% year over year to $160 million from $167 million in the year-ago quarter.
NYSE reported GAAP net income of $154 million or 59 cents per share as compared with $184 million or 70 cents per share in the prior-year quarter. These include the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Interactive’s July Metrics Inch Up

Posted: 02 Aug 2011 09:50 AM PDT

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment has recorded a modest improvement in its July 2011 performance data. The segment under review clears and settles trades globally for both individual and institutional clients.
Total customer accounts for the month of July were 177,700, up 1% from 175,600 in June 2011 and 21% from 147,100 in July 2010. Similarly, the total customer Daily Average Revenue Trades (DARTs) stood at 416,000, up 4% from the prior month and 14% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Famous Dave’s Beats By A Penny

Posted: 02 Aug 2011 09:50 AM PDT

Famous Dave’s of America Inc. (NASDAQ:DAVE) recently reported second quarter 2011 adjusted earnings of 29 cents per share, which beat the Zacks Consensus Estimate by a penny and came in line with the prior-year earnings.
Minnetonka, Minnesota-based Famous Dave's, which owns, franchises and operates restaurants in the U.S., reported total revenue of $41.3 million, up 1.5% year over year. Same-store sales for company-owned restaurants were down 1.2% during the quarter compared with an increase of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Conmed 2Q EPS In Line, Profit Up

Posted: 02 Aug 2011 09:35 AM PDT

Conmed Corporation's (NASDAQ:CNMD) second-quarter fiscal 2011 adjusted (excluding one-time items such as restructuring charges) earnings per share of 35 cents met the Zacks Consensus Estimate and surpassed the year-ago adjusted earnings of 32 cents. Profit (as reported) soared 18.8% year over year to roughly $8.7 million (or 30 cents a share), buttressed by higher sales and lower restructuring costs.
Restructuring costs include expenses related to the consolidation of administrative functions and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Standard Motor Beats Estimate

Posted: 02 Aug 2011 09:35 AM PDT

Standard Motor Products Inc. (NYSE:SMP) reported earnings of $13.7 million or 59 cents per share substantially improving from $8.1 million or 35 cents per share in the second quarter of 2010.
Reported income in the quarter included a post-retirement curtailment gain of $2.19 million or 9 cents per share and another gain of $157,000 or 1 cent per share from sale of assets whereas, the last year quarter included a gain of $125,000 or 1 cent per share from sale of assets along with restructuring and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Interactive’s July Metrics Inch Up

Posted: 02 Aug 2011 09:35 AM PDT

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment has recorded a modest improvement in its July 2011 performance data. The segment under review clears and settles trades globally for both individual and institutional clients.
Total customer accounts for the month of July were 177,700, up 1% from 175,600 in June 2011 and 21% from 147,100 in July 2010. Similarly, the total customer Daily Average Revenue Trades (DARTs) stood at 416,000, up 4% from the prior month and 14% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PMC-Sierra Posts Decent 2Q

Posted: 02 Aug 2011 09:04 AM PDT

PMC-Sierra Inc. (NASDAQ:PMCS) has reported second quarter 2011 earnings of 14 cents per share, beating the Zacks Consensus Estimate of 12 cents. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense.
Revenue
PMC-Sierra reported revenue of $171.0 million in the second quarter, up 6.0% from $160.7 million in the year-ago period, and comfortably ahead of the Zacks Consensus of $168.0 million. Results benefited from strong demand for storage and optical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Manitowoc Reaffirms Guidance In 2Q

Posted: 02 Aug 2011 09:04 AM PDT

Manitowoc Co. Inc. (NYSE:MTW) has reported an EPS of 2 cents in the fiscal 2011 second quarter results, compared with 11 cents in the year-earlier quarter. The quarter noted some special items including 12 cents pertaining to early extinguishment of debt and restructuring expenses of 1 cent.
Excluding these special items adjusted EPS amounted to 16 cents, up from 11 cents in the year-ago quarter.
Total revenue during the quarter increased 15.9% year over year to $949.8 million. The improvement is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold And Silver Looking To Resume Uptrend After Brief Pause

Posted: 02 Aug 2011 08:56 AM PDT

Prev: Gold Forms Head and Shoulder, Silver Breaks Below Diagonal Triangle (7/28)
Gold (XAU/USD)

Continuing Bullish Motive:
- Gold resuming an uptrend after a failed break below an attempted head and shoulder topping action.
- Instead, the market consolidated sideways, and only very briefly because knocking out fresh record highs.
- This non-bearish correction suggests we might still be in a motive wave. An extended motive wave can count 9-waves regardless of whether the 1st, 3rd, or 5th was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Weyerhaeuser Completes Hardwood Sale

Posted: 02 Aug 2011 08:20 AM PDT

Weyerhaeuser Company (NYSE:WY) recently consummated the sale of its hardwoods business to American Industrial Partners for estimated proceeds of $108 million.
The sale agreement was signed in June 2011, and included assets located in Tuscumbia, Ala.; Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia and Longview, Wash.; and Dorchester and Onalaska, Wis.
The hardwoods division sold will continue to operate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Navigant Reports Strong 2Q

Posted: 02 Aug 2011 08:20 AM PDT

Navigant Consulting Inc (NYSE:NCI) reported second quarter 2011 adjusted earnings per share of 21 cents, outpacing the Zacks Consensus Estimate of 18 cents. The better-than-expected result was driven by increased demand across all the company's key practice areas.
Adjusted earnings per share also beat the previous quarter and year-earlier quarter earnings of 19 cents and 17 cents, respectively. Adjusted earnings, however, exclude the impact of severance expense and non-recurring tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


3 Reasons The US Economy Is Still In Trouble, Post Debt Deal

Posted: 02 Aug 2011 08:18 AM PDT

The US economy is facing strong headwinds currently as data this week showed manufacturing faltering in July and consumers retrenching in June. While those factors impact current growth and give us a sense the 3rd quarter is starting off weak, in 2012 the economy will face the unwinding of government stimulus measures that will shave off around 1.5% of growth during the next year.
1. Gov't Stimulus Spending to Come to an End

While the debt deal envisions only small cuts from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hologic’s Sound Performance For Q3

Posted: 02 Aug 2011 08:05 AM PDT

Hologic (NASDAQ:HOLX) reported an adjusted EPS of 32 cents during the third quarter of fiscal 2011, in line with the Zacks Consensus Estimate and 2 cents above the year-ago quarter. Revenues were $451.1 million, an increase of 7.2% compared to the prior-year quarter and higher than the Zacks Consensus Estimate of $447 million.
Hologic operates through four segments − Breast Health, Diagnostics, GYN (Gynecology) Surgical and Skeletal Health − contributed 45%, 32%, 18% and 5%, respectively to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Slump As Supply Disruption Fears Ease

Posted: 02 Aug 2011 07:59 AM PDT

Forexpros – Natural gas futures were down on Tuesday, retreating from a two-day high as fears over a potential disruption to supplies in the U.S. Gulf of Mexico subsided, while weather forecasts in the U.S. continued to show moderating heat.<br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD4.163 per million British thermal units during U.S. morning trade, shedding 0.68%.<br /><br />It earlier fell as much as 0.85% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Higher After U.S. Consumer Spending Falls

Posted: 02 Aug 2011 07:57 AM PDT

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, as safe haven inflows were boosted after U.S. data showed that consumer spending fell for the first time in almost two years in June.<br /><br />During U.S. morning trade, the greenback was higher against the euro, with EUR/USD slipping 0.09% to hit 1.4236.<br /><br />Earlier Tuesday, Italian and Spanish bond yields advanced to 14-year highs, amid fresh worries that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Stocks Down On Growth Jitters

Posted: 02 Aug 2011 07:53 AM PDT

08/02/11 Wall Street opened lower as worries about a possible credit rating cut for the U.S. weighed on sentiment. Consumer spending fell for the first time in two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Trims Losses After Weak U.S. Spending Data

Posted: 02 Aug 2011 07:36 AM PDT

Forexpros – The pound trimmed losses against the U.S. dollar on Tuesday, pulling back from an eight day low after a government report showed that U.S. consumer spending declined unexpectedly in June, falling for the first time in almost two years.<br /><br />GBP/USD pulled away from 1.6223, the pair&rsquo;s lowest since July 21, to hit 1.6283 during early U.S. trade, down just 0.06% over the day.<br /><br />Cable was likely to find short-term support at 1.6236, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Rebounds After Weak U.S. Consumer Spending Data

Posted: 02 Aug 2011 07:25 AM PDT

Forexpros – The euro erased losses against the U.S. dollar on Tuesday, rebounding from an eight-day low, after official data showed that U.S. consumer spending declined unexpectedly in June, falling for the first time in almost two years.<br /><br />EUR/USD pulled back from 1.4150, the pair&rsquo;s lowest since July 21, to hit 1.4269 during early U.S. trade, up 0.13% over the day.<br /><br />The pair was likely to find support at 1.4067, the low of July 19 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Erases Losses As U.S. Dollar Comes Under Pressure

Posted: 02 Aug 2011 07:21 AM PDT

Forexpros – Crude oil futures erased losses on Tuesday, reclaiming the USD95-a-barrel level as the U.S. dollar came under pressure amid worries the U.S. economic recovery was faltering.<br />&nbsp;<br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD95.42 a barrel during U.S. morning trade, edging 0.19% higher.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Yields Slide To Nine-month Lows On Growth Worries

Posted: 02 Aug 2011 07:15 AM PDT

Global yields plunged again on Tuesday in response to evidence of lackluster global growth as traders used the excuse of spending cuts agreed within the move to extend the debt ceiling for the U.S. as reason to expect further economic contraction. The coincident signs of economic headwinds were served up on Monday in the shape of manufacturing surveys showing the challenge to factory owners. We'll learn more about the service sector throughout the remainder of the trading week and ahead of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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