Tuesday, October 18, 2011

DailyMarkets.com - Cutera Wins Canadian Approval

DailyMarkets.com - Cutera Wins Canadian Approval

Cutera Wins Canadian Approval

Posted: 18 Oct 2011 12:05 PM PDT

Medical devices maker Cutera Inc. (NASDAQ:CUTR) has obtained the approval of Health Canada for its Excel V laser system, which presents a technical breakthrough for frequently carried out procedures in a cosmetic/aesthetic dermatologist's clinic, be they pigment, vascular or composite skin revitalization therapy.  
Overall, the Excel V is intended to provide an optimal experience for both the patient and the clinician. Its handpieces combine fine calibration and optimized visibility … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Boston Scientific

Posted: 18 Oct 2011 11:50 AM PDT

Boston Scientific (NYSE:BSX) is scheduled to release its third quarter fiscal 2011 earnings on Thursday, October 20, 2011 before the market opens. The company is expected to report EPS of 8 cents on revenue of $1.908 billion for the quarter, according to the Zacks Consensus Estimate. For the third quarter of fiscal 2011, Boston Scientific expects to report adjusted EPS of 6–9 cents on revenue of $1.87−$1.97 billion.
Previous Quarter Highlights
Boston Scientific reported an adjusted (other than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Solar Updates Guidance

Posted: 18 Oct 2011 11:35 AM PDT

Canadian Solar Inc. (NASDAQ:CSIQ) updated its financial guidance for the third quarter of 2011. The company reaffirmed its shipments guidance range despite broader weakness experienced in the solar market worldwide. However, the company lowered its guidance for third quarter gross margins, citing lower average selling prices and a weaker than normal financing environment.
Canadian Solar expects third-quarter shipments to be in line with the prior guidance of 350 MW to 360 MW despite a lackluster … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Baxter

Posted: 18 Oct 2011 11:20 AM PDT

Baxter International (NYSE:BAX) is slated to report its third-quarter 2011 results on Thursday, October 20. The current Zacks Consensus Estimate for the quarter is $1.08, representing an estimated 6.86% annualized increase. 
Second Quarter Recap
Baxterreported second quarter adjusted (excluding one-time items) earnings per share of $1.07, beating the Zacks Consensus Estimate of $1.02, and surpassing the year-ago earnings of 93 cents. Reported net income increased to $615 million (or $1.07 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EMC Beats By A Penny

Posted: 18 Oct 2011 11:10 AM PDT

EMC Corp. (NYSE:EMC) reported third quarter 2011 earnings per share (EPS) of 31 cents, which increased 24.0% year over year and surpassed the Zacks Consensus Estimate by a penny. EPS (excluding stock-based compensation, restructuring charges and intangible asset amortization) was 27 cents, up 22.7% year over year from 22 cents reported in the year-ago quarter.
The better-than-expected results were driven by robust revenue growth in the quarter arising from the strong demand for EMC products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Weak Quarter For Phillips

Posted: 18 Oct 2011 11:05 AM PDT

Royal Philips Electronics (NYSE:PHG) posted a net income of €76 million ($106.9 million) in the third quarter of fiscal 2011. This was lower by €448 million compared to the prior-year period. The significant decline in the net income year over year was attributable to lower earnings, lower financial income and a higher loss from discontinued operations.
The company reported earnings of 21 cents a share which was way below the Zacks Consensus Estimate of 61 cents a share.
Quarterly Details
For … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AT&T

Posted: 18 Oct 2011 11:05 AM PDT

The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is slated to release its third quarter earnings on October 20 before market opens. The current Zacks Consensus Estimate for the third quarter is 61 cents, representing a substantial increase of 10.56% from the year-ago level.
Looking at surprises, AT&T had average positive surprise of 1.77% in the past four quarters.
Second Quarter Flashback
In the second quarter, AT&T's adjusted earnings were a penny above the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grainger Tops Est, Raises Outlook

Posted: 18 Oct 2011 10:55 AM PDT

W.W. Grainger Inc. (NYSE:GWW) reported earnings of $2.51 per share, exceeding the Zacks Consensus estimate by 17 cents. Results were 26% above the year ago earnings of $1.99 per share. Net income increased 25.5% year over year to $182 million.
The improvement stemmed largely from strong sales across all the segments.
Operational Update
Revenues in the quarter were $2.11 billion, up 11.3% from $1.90 billion in the year-ago period. Revenue also surpassed the Zacks Consensus Estimate of $2.09 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are Home Inspectors Needed On FHA/VA Loans?

Posted: 18 Oct 2011 10:51 AM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wells Fargo Lags Estimates

Posted: 18 Oct 2011 10:50 AM PDT

Wells Fargo & Company's (NYSE:WFC) third quarter 2011 earnings of 72 cents per share were a penny behind of the Zacks Consensus Estimate. Results improved from earnings of 70 cents in the prior quarter and 60 cents in the year-ago quarter.
Though Wells Fargo's results were impacted by lower top line, reduction in operating expenses, improved credit quality along with strong capital ratios were positives during the reported quarter.
Wells Fargo's third quarter net income applicable to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session

Posted: 18 Oct 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on PPI.

USD/JPY was trading at 76.82, down 0.01% at time of writing.

The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

State Street Beats On Lower Costs

Posted: 18 Oct 2011 10:35 AM PDT

State Street Corporation (NYSE:STT) reported third quarter 2011 operating earnings of 96 cents per share, which were significantly ahead of the Zacks Consensus Estimate of 88 cents. However, the results were flat sequentially and favorable with the prior-year quarter earnings of 86 cents.
State Street's operating results, however, exclude certain discount accretion related to former conduit assets, restructuring charges related to reduction in staff and merger and integration costs.
On a GAAP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Mills Sued Over False Claim

Posted: 18 Oct 2011 10:30 AM PDT

General Mills Inc. (NYSE:GIS), the world's leading food and snacks manufacturer, has been indicted of making false claims in its fruit snacks. Contrary to the company's assertions of using nutritional fruits in its fruit snacks, these are allegedly nothing more than candies.
The food warden Center for Science in the Public Interest filed a class action suit at the U.S. District Court in the northern district of California against the retail giant. The watchdog claims that General Mills is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicom Beats On EPS

Posted: 18 Oct 2011 10:25 AM PDT

Omnicom Group Inc. (NYSE:OMC) posted decent operating results for the third quarter of 2011 on October 18.  
Omnicom's net income in the quarter grew 16.7% year over year to $203.7 million from $174.6 million in the third quarter of 2010. Earnings per share (EPS) expanded by 26.3% from 57 cents in the year-ago quarter to 72 cents in the reported quarter. EPS also beats the Zacks Consensus Estimate of 70 cents.
Total revenue was $3,380.9 million, up 12.9% year over year from $2,994.6 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: EBay Inc.

Posted: 18 Oct 2011 10:20 AM PDT

eBay Inc. (NASDAQ:EBAY) is scheduled to announce its third quarter fiscal 2011 results on October 19, 2011, and we notice no movement in analyst estimates.
Second Quarter Overview
eBay's second quarter 2011 earnings per share (EPS) of 46 cents (excluding one-time items and including stock-based compensation) were level with the Zacks Consensus Estimate.
The company reported gross revenue of $2.76 billion, up 8.4% sequentially and better than the Consensus expectation of $2.61 billion. Over 85% of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Mixed Data Again…it’s Been A Quiet Bounce”

Posted: 18 Oct 2011 10:12 AM PDT

10/18/11 OnPoint Executions’ Bobby Heller discusses the bounce in equity markets and weighs in on the latest earnings and economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Labs Disappoints

Posted: 18 Oct 2011 10:05 AM PDT

Forest Laboratories, Inc. (NYSE:FRX) reported earnings per share of 91 cents in the second quarter of fiscal 2012, well below the Zacks Consensus Estimate of 99 cents and the year-earlier earnings of $1.00. Despite an increase in revenues, higher costs led to the decline in earnings.
Second quarter revenues increased 7.4% to $1.17 billion, with net sales increasing 9.0% to $1.1 billion. Total revenues topped the Zacks Consensus Estimate of $1.15 billion.
The Quarter in Detail
Second quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VMware Reports Stellar 3Q

Posted: 18 Oct 2011 10:05 AM PDT

VMware Inc. (NYSE:VMW) reported a stellar third quarter 2011, as earnings per share (EPS) escalated 68.0% year over year and surpassed the Zacks Consensus Estimate by 9 cents. The better-than-expected results were driven by solid revenue growth, based on strong global demand for VMware products.
EPS (including stock-based compensation) was 42 cents in the reported quarter compared with 25 cents in the year-ago quarter. Excluding one-time items and stock-based compensation, EPS was 53 cents, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PKG Reports In-Line Earnings, Revs

Posted: 18 Oct 2011 10:05 AM PDT

Packaging Corporation of America (NYSE:PKG) reported net sales of $671 million in the third quarter of 2011, up 4.4% from the year-earlier quarter and almost flat sequentially.
Shipments for corrugated products improved 6.6% from the year-ago quarter. Out of this growth, 1.4% came from acquisitions while sales of containerboards were flat on a year-over-year basis. Container board production was up 4,000 tons from the year-ago quarter to 650,000 tons. Exiting the quarter, the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Wins Torpedo Deal

Posted: 18 Oct 2011 10:05 AM PDT

Defense contractor Raytheon Company (NYSE:RTN) has been awarded a $42.6 million U.S. Navy contract to provide MK54 lightweight torpedo hardware. Under the contract, Raytheon Integrated Defense Systems ("IDS") will deliver a total of 100 MK54 kits for the U.S. fleet inventory and foreign military sales.
This award includes options for additional quantities for both domestic and international assets. Total contract value, if all options are exercised, could exceed $550 million over five … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genuine Parts’ 3Q Profit Rises

Posted: 18 Oct 2011 10:05 AM PDT

Genuine Parts Company (NYSE:GPC) reported a 15% rise in profit to $151.8 million in the third quarter of 2011 from $131.8 million in the year-ago quarter. Earnings per share (EPS) in the reported quarter came in at 97 cents, up 17% from 83 cents delivered in the comparable quarter last year. Quarterly EPS also surpassed the Zacks Consensus Estimate by 2 cents.
Total sales in the quarter grew 11% to $3.29 billion, exceeding the Zacks Consensus Estimate of $3.21 billion, on the back of improvements … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Mixed At Close; Dax Up 0.31%

Posted: 18 Oct 2011 10:05 AM PDT

Forexpros – European stocks were mixed after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 0.31%, London's FTSE 100 shed 0.48%, France's CAC 40 declined 0.79% and the EURO STOXX 50 was down 0.39%.

Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to -48.3 last month, from -43.3 in the preceding month.

Analysts had expected German ZEW economic sentiment to fall to -45.0 last month.

Meanwhile, on Wall Street, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slide Continues On Weak Data, Risk Aversion, & EU Debt Crisis Concerns

Posted: 18 Oct 2011 05:00 AM PDT

10/18/11 As optimism over an EU debt solution continues to fade, the euro currency remains lower this afternoon against its major counterparts and investors steer clear of riskier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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