Tuesday, November 1, 2011

DailyMarkets.com - Omnicare Beats, Turns To Profit

DailyMarkets.com - Omnicare Beats, Turns To Profit

Omnicare Beats, Turns To Profit

Posted: 01 Nov 2011 11:50 AM PDT

Omnicare Inc. (NYSE:OCR), which sells drugs to long-term care facilities and nursing homes, reported third-quarter fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 54 cents, surpassing the Zacks Consensus Estimate by a penny.
Reported net income from continuing operations, for the quarter, was $37.8 million (or 33 cents per share) compared with a loss of $9.6 million (or 8 cents per share) in the year-ago quarter. The results include the effect of special items, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Theravance 3Q Loss Deteriorates

Posted: 01 Nov 2011 11:35 AM PDT

Theravance Inc.'s (NASDAQ:THRX) third quarter 2011 loss per share of 37 cents was wider than the Zacks Consensus loss Estimate of 33 cents as well as the year-ago loss of 29 cents per share. The wider loss was attributable to a lukewarm top-line performance as well as increased research and development (R&D) expenses. Revenue at Theravance though up 21.3% over the prior year to $6.4 million was below the Zacks Consensus Estimate of $7 million.
The Quarter in Detail
Revenues for the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PartnerRe Falters YoY On Low Top Line

Posted: 01 Nov 2011 11:15 AM PDT

PartnerRe Ltd.'s (NYSE:PRE) third quarter 2011 operating earnings per share of $2.41 came in modestly higher than the Zacks Consensus Estimate of $1.99 but significantly lagged behind $3.95 recorded in the year-ago quarter. As a result, operating income substantially plunged 45.5% to $164.5 million from $301.6 million in the prior-year quarter.
Operating earnings were calculated after payment of preferred dividends. This also excluded after-tax net realized and unrealized investment gains of 9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arris Misses Zacks Estimates

Posted: 01 Nov 2011 11:15 AM PDT

Arris Group Inc.  (NASDAQ:ARRS) declared weak financial results for third-quarter 2011. Both top line and bottom line fell below the Zacks Consensus Estimates.
EPS
GAAP net income in the third quarter of 2011 was $13.7 million or 11 cents per share compared with a net income of $14 million or 11 cents per share in the prior-year quarter. Adjusted (excluding special items) EPS, in the reported quarter was 17 cents, a penny shy of the Zacks Consensus Estimate.
Revenue
Quarterly total revenue was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Tower Misses Estimates

Posted: 01 Nov 2011 11:05 AM PDT

American Tower Corp. (NYSE:AMT) announced dismal third quarter 2011 financial results. Despite witnessing significant growth in the top line, the company's bottom line fell considerably mainly due to unfavorable foreign exchange fluctuation and higher operating expenses.
Quarterly total revenue was $630.4 million, up 22.8% year over year and surpassed the Zacks Consensus Estimate of $614 million. On a GAAP basis, net loss in the third quarter of 2011 was $15.7 million or 4 cents per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Entergy Beats EPS, Misses Revenue

Posted: 01 Nov 2011 11:05 AM PDT

Before the bell, Entergy Corporation (NYSE:ETR) reported its third quarter 2011 operating EPS of $3.53, beating the Zacks Consensus Estimate of $3.36. Earnings also, comfortably beat the year-ago quarterly EPS of $2.76.
Operating earnings per share in the reported quarter were higher than the year-ago period by 77 cents. Of these Utility EPS was $1.17 higher due primarily to a tax settlement that resulted in a significant decrease in income tax expense. This was partially offset by a regulatory … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fidelity Beats Marginally

Posted: 01 Nov 2011 11:00 AM PDT

Fidelity National Information Services Inc. (NYSE:FIS) reported third quarter 2011 earnings of 62 cents per share, beating the Zacks Consensus Estimate by a penny. The better-than-expected result was driven by strong top-line growth in the quarter.
Non-GAAP earnings per share (EPS) from continuing operations increased 19.2% year over year, on the back of the net effect of lower share count, higher revenue and lower tax rate.
Operating Performance
Gross profit increased 10.6% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Elan Beats On Earnings

Posted: 01 Nov 2011 11:00 AM PDT

Elan Corporation's (NYSE:ELN) earnings per share of $0.02 (excluding special items) for the third quarter of 2011 were higher than the breakeven earnings per share hinted at by Zacks Consensus Estimate.
The company suffered an adjusted loss of approximately $0.05 in the year-ago quarter. The profit was attributable to the higher revenues and lower expenses recorded in the reported quarter.
Revenues
Third quarter 2011 revenues increased 17% to $328.5 million, lower than the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge Falls A Penny Short

Posted: 01 Nov 2011 11:00 AM PDT

Enbridge Energy Partners L.P. (NYSE:EEP) has reported third-quarter 2011 adjusted earnings of 38 cents per unit, which missed the Zacks Consensus Estimate by a penny. However, the quarterly figure came in line with the year-earlier profit. Though the company's crude oil, natural gas liquids (NGL), and natural gas growth strategies were impressive, these failed to generate striking results.
Total revenue in the quarter climbed more than 25% year over year to $2.37 billion from the year-ago level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kona Grill Swings Back To Profit

Posted: 01 Nov 2011 10:50 AM PDT

Kona Grill Inc. (NASDAQ:KONA) recently reported third quarter 2011 adjusted earnings of 8 cents per share, which beat the Zacks Consensus Estimate by 2 cents and improved substantially from the year-ago loss of 3 cents. On a GAAP basis, net income was 6 cents a share versus a loss of 5 cents in the comparable quarter last year.
Total restaurant sales in the quarter were $23.8 million, up 15.9% year over year. The whopping rise in sales can be traced back to a 10.6% increase in same-store sales, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vocus Beats, Revises Fiscal Outlook

Posted: 01 Nov 2011 10:40 AM PDT

Vocus Inc.'s (NASDAQ:VOCS) third quarter 2011 adjusted earnings per share (EPS) of 4 cents outpaced the Zacks Consensus Estimate by a penny.
The trend among organizations to woo customers through online social networking sites boosted the demand for Vocus' products and services, and in turn the quarter's earnings beat.
The adjusted earnings figure excludes amortization of intangible assets, fair value adjustments to deferred revenue and acquisition-related expenses, but includes stock-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Scoots Higher

Posted: 01 Nov 2011 10:35 AM PDT

Royal Caribbean Beats Consensus

Posted: 01 Nov 2011 10:20 AM PDT

Royal Caribbean Cruises Ltd. (NYSE:RCL) has reported third-quarter 2011 adjusted earnings of $1.90 per share, surpassing the Zacks Consensus Estimate of $1.86. The earnings showed a strong improvement from $1.61 per share earned the year earlier.
During the quarter, there was an 8 cent per share mark-to-market revaluation loss on the company’s WTI fuel option portfolio. Including this, earnings were $1.82 a share.
The quarter's earnings came at the higher end of management's guidance range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Kenya Hikes Rate 550bps To 16.50%

Posted: 01 Nov 2011 10:05 AM PDT

The Central Bank of Kenya upped its benchmark lending rate by 550 basis points to 16.50% from 11.00% previously, and raised the Cash Reserve Ratio 50 basis points to 5.25%.  The central bank Governor, Njuguna Ndung’u, said: “Inflation continued to rise while exchange rate volatility persisted in October 2011. Consistent with the monetary policy stance taken by the last MPC meeting, there is therefore a need for further tightening of monetary policy to tame these inflationary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek’s Choice — And Ours: Democracy Or Finance?

Posted: 01 Nov 2011 10:04 AM PDT

Which do you trust more: democracy or financial markets?
Greek Prime Minister George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.
(Or, more accurately, the cuts Europe and the IMF are demanding for bailing out big European banks that have lent Greece lots of money and stand to lose big if Greece defaults on those loans – not to mention Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ISM Manufacturing Mediocre At Best

Posted: 01 Nov 2011 10:00 AM PDT

The Institute for Supply Management's (ISM) manufacturing index fell to 50.8 in October from 51.6 in September. It came in well below the consensus, which was looking for the index to rise to 52.1. This is a "magic 50" index, so any reading over 50 means that the manufacturing economy is still expanding. So this report indicates an even slower rate of expansion than last month, but it is still registering growth.

Still if one steps back a bit, the decline in the overall index has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comstock Exceeds Est, Loss Tapers

Posted: 01 Nov 2011 10:00 AM PDT

Oil and natural gas firm Comstock Resources Inc. (NYSE:CRK) posted better-than-expected third quarter 2011 results buoyed by volume growth plus lower lease operating and exploration costs.
The company reported adjusted loss per share of one cent in the quarter, narrower than the Zacks Consensus Estimate of a loss of 8 cents. Comstock's performance also improved from the year ago loss of 10 cents.
The company generated revenue of $119.4 million in the quarter, failing to meet the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Big Wrench Thrown By Papandreou…scaring People”

Posted: 01 Nov 2011 10:00 AM PDT

11/01/11 OnPoint Executions’ Bobby Heller helps dissect the latest jitters shaking global equity markets. Expectations for monetary policy and the US jobs report are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICICI Bank’s Q2 Profit Up 22%

Posted: 01 Nov 2011 09:50 AM PDT

ICICI Bank Limited's (NYSE:IBN) fiscal second quarter 2012 (ended September 30, 2011) profit came in at INR15.03 billion (US$307 million), reflecting a 22% surge from INR12.36 billion (US$252 million) in the year-ago quarter.
Improved results were primarily driven by higher net interest income, fee income and a substantial decline in loan loss provisions, partly mitigated by higher operating expenses. Additionally, asset quality continued to show signs of betterment and capital ratios remained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Uganda Lifts Rate 300bps To 23.00%

Posted: 01 Nov 2011 09:48 AM PDT

The Bank of Uganda raised its new monetary policy interest rate (the central bank rate [CBR]) by 300 basis points to 23.00% from 20.00% previously.  The Bank also raised the rediscount rate to 28.00% and the Bank Rate to 29.00%, by the same margin.  Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, said: “The Bank of Uganda expects that inflation will peak in the coming months and will then decline during 2012, with core inflation reaching single digit levels at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Surges, Euro Tanks As EU Debt Crisis Concerns Grow On Greek Referendum Talks

Posted: 01 Nov 2011 04:45 AM PDT

11/01/11 The US dollar ssurged this afternoon on risk aversion led by rising concerns over the health of the eurozone after Greece unexpectedly announced an upcoming referendum on the latest debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak 2Q For FUJIY

Posted: 01 Nov 2011 09:36 AM PDT

On October 31, Fujifilm Holdings Corporation (FUJIY) reported its financial results for the second quarter of fiscal year 2012. During the quarter, the company reported an income of ¥0.4 billion ($5 million), down 98.3% from ¥22.5 billion ($26 million) in the prior-year quarter. The results reflected negative impact of yen appreciation.
Revenue
Revenue in the second quarter inched down 0.8% year over year to ¥553.3 billion ($7.1 billion) due to depressed results from the company's three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Dilemma, In-Depth

Posted: 01 Nov 2011 09:36 AM PDT

One of the biggest assumptions that fueled the sharp rise in the market on Thursday was that the European debt agreement was, well, an agreement, albeit one where there were still some important details to be worked out. There was some doubt as to if it would be enough to really do the trick and get ahead of the curve, but at least the feeling was that everyone was on board and working on the problem (and the can had been successfully kicked down the road).

Well it just goes to show what … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

And Then There Was One

Posted: 01 Nov 2011 09:36 AM PDT

Tuesday, November 1, 2011
The US Dollar is now left as the lone “safe haven” currency due to the currency intervention from the Swiss and Japanese. This does not necessarily mean that the greenback is slated to move higher, as rising equity and commodity prices could trigger more risk taking from forex traders. However, if traders go on the defensive, the Dollar could potentially benefit more than any other currency. Technically, the reversal pattern suggests that the greenback could find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Back Up To 1.3650-55 Area. Bulls And Bears More Balanced Now It Seems

Posted: 01 Nov 2011 09:35 AM PDT

The EURUSD is back up testing the 1.3650-55 area. This was the lows from Mid October and is also the 38.2% of the NY move lower (see chart below).

The low for the day, tested the channel trendline on the hourly chart.   The testing and the holding of this trendline seems to have balanced some of the bias among market traders (bulls and bears).  The EURUSD has moved from 1.41697 to 1.3607 so far this week (562 pips).  This action is ahead of FOMC, ECB and Unemployment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Moves Toward Intraday Resistance Levels

Posted: 01 Nov 2011 09:35 AM PDT

The GBPUSD has moved  off the lows and looks to test the intraday resistance levels against the 100 bar MA on the 5 minute chart and the 38.2% of the range today. Those levels come in at the 1.5963-66 area. On the hourly chart the price fell below the 38.2% of the move up from the October 7th low at the 1.5960 level earlier today. This level can be added to the resistance targets for the pair making 1.5960-66 resistance. 
A move above these levels should solicit additional buying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Closer To October Midpoint At 1.3695

Posted: 01 Nov 2011 09:35 AM PDT

The midpoint of the October range at the 1.3695 level is approaching and should provide some resistance/profit taking on the first test.  The support remains below at the 1.3650-56 area.  A move above the midpoint would target the 1.3705 level which is the 100 bar MA on the 5 minute … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURJPY Between 100 And 200 Hour MA (Goal Posts)

Posted: 01 Nov 2011 09:35 AM PDT

So much for the JPY intervention – at least against the EURO.  The USDJPY is holding up but the EURJPY has succumbed to the EURO weakness proving that it takes two to tango and the partner against the JPY in the EURJPY pair is a stinker over the last few days. 

The pair has retraced the entire move higher on Monday and is currently between the 100 and 200 hour MA (see chart above). I call this trading between the Goal Posts.  The 100 hour MA comes in at the  at the 107.49 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Searches For The Next Direction.

Posted: 01 Nov 2011 09:35 AM PDT

The two yellow lines in the chart have defined levels for the EURUSD over the last hour or so.  A move abvoe will target the top trendline and the 100 bar MA at the 1.3685-89 level.  A move back lower and below the 1.3647 level will look to the underside of the trendline at the 1.3632 currently.
Greeks PM Papendreou is scheduled to meet with his cabinet now. Today, he lost some members of his party and just has a one vote majority. There is worry that one more defection could lead to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Bearish Correction Of Bullish Correction

Posted: 01 Nov 2011 09:35 AM PDT

EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line extending from the June 2010 low). This dramatic fall broke down below several key levels, including 1.4000 and 1.3830, and occurs after a steep bullish run of over 1100 pips that extended through most of the month of October. Now that the pair has lost more than 50% of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 3Q At Anadarko

Posted: 01 Nov 2011 09:16 AM PDT

Independent oil and gas producer Anadarko Petroleum Corporation’s (NYSE:APC) third quarter 2011 operating earnings of 66 cents per share were in line with the Zacks Consensus Estimate. On a year-over-year basis, the company recorded significant growth from operating earnings of 25 cents per share in the third quarter 2010.
On a GAAP basis, Anadarko reported a net loss of $6.12 per share in the third quarter versus the year-ago loss of 5 cents per share.
The reported quarter bottom line was slashed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Random Sense On Cents

Posted: 01 Nov 2011 09:02 AM PDT

The freak storm that ran through New England over the weekend has left millions without power including yours truly. While the power outage has been more than a nuisance a number of developments on our global economic landscape deserve comment. On that note, I am compelled to address the following:
1. Regarding my recent commentary about Mitt Romney's view on housing, I hope readers do not think for a second that I have lost my enthusiasm for exposing the massive fraud that occurred within … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Non-U.S. Banks Stock Update

Posted: 01 Nov 2011 09:01 AM PDT

The global banking industry is still a sorry sight, and its near term looks even worse with several negatives like asset-quality troubles, weak revenue growth, steeper costs and weak loan demand. But thanks to the worldwide regulatory reform, the sector has at least entered a transformation phase. Needless to mention, a change has yet to be felt.

Potential threats from a deeper European debt crisis and the uncertain outlook for the U.S. economy following the rating downgrades by Standard & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record-Breaking 3Q For SIRIUS XM

Posted: 01 Nov 2011 09:01 AM PDT

Despite facing a slow moving U.S. economy, SIRIUS XM Radio Inc. (NASDAQ:SIRI) declared excellent financial results for the third quarter 2011. The company generated a record high revenue, adjusted EBITDA and massive net subscriber addition. Management has reiterated its previously set target of net subscriber addition for fiscal 2011.  
Quarterly GAAP net income was $104.2 million or 2 cents per share compared with a net income of $67.6 million or 1 cent per share in the prior-year quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmerisourceBergen’s Mixed 4Q11

Posted: 01 Nov 2011 09:00 AM PDT

AmerisourceBergen Corporation's (NYSE:ABC) fourth quarter fiscal 2011 earnings of 54 cents per share missed the Zacks Consensus Estimate of 56 cents a share. However, earnings increased 8.0% from the year-ago period.
Fiscal 2011 earnings also missed the Zacks Consensus Estimate of $2.56 by two cents. Nonetheless, earnings increased 14.4% from the year-ago figure.
The year-over-year increase in earnings was spurred by higher revenues and a lower share count.
Revenues
Total revenue for the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regis Misses By A Penny

Posted: 01 Nov 2011 09:00 AM PDT

Regis Corporation (NYSE:RGS) reported first quarter 2012 adjusted earnings of 26 cents per share, missing the Zacks Consensus Estimate by a penny. Reported earnings were also below the prior-year quarter earnings of 30 cents per share. The lower-than-expected results were driven by decline in sales and comps.
During the quarter, the company reported a GAAP net income of $8.3 million or 15 cents per share compared with $18.3 million or 30 cents per share posted in the year-ago quarter.
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra EPS In Line, Guides Lower

Posted: 01 Nov 2011 09:00 AM PDT

Integra LifeSciences (NASDAQ:IART) reported EPS of 39 cents in the third quarter of fiscal 2011 down 29% from 55 cents in the year-ago quarter. However, adjusted EPS increased 5.5% year over year to 77 cents, in line with the Zacks Consensus Estimate.
Total revenue during the quarter increased 8% year over year to $202.2 million and was at par with the Zacks Consensus Estimate. However, excluding the impact of currency exchange rates, revenues jumped 7% from the year-ago quarter. Barring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liberty Property Beats By A Whisker

Posted: 01 Nov 2011 09:00 AM PDT

Liberty Property Trust (LRY) reported FFO (fund from operations) of $77.2 million or 65 cents per share in third quarter 2011 compared with $81.5 million or 69 cents 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. Reported FFO per share in the quarter surpassed the Zacks Consensus Estimate by a penny.
At quarter end, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Profits Despite CAT Loss

Posted: 01 Nov 2011 09:00 AM PDT

Allstate Corporation's (NYSE:ALL) third quarter 2011 operating earnings of 16 cents per share came in a nickel higher than the Zacks Consensus Estimate of 11 cents but significantly lagged the year-ago quarter's earnings of 83 cents per share.
Results for the quarter reflected higher catastrophe (CAT) losses that also led to increased claims expenses coupled with lower average premiums and policies-in-force in Property-Liability insurance unit and lower investment income.  However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cooper Tire’s Profit Drops

Posted: 01 Nov 2011 09:00 AM PDT

Cooper Tire & Rubber Company (NYSE:CTB) delivered a net income of 27 cents per share from continuing operations in the third quarter of 2011, down significantly from 71 cents in the year-ago quarter. Reported income per share was also substantially lower than the Zacks Consensus Estimate of 33 cents.
The poor performance of the company was largely due to higher raw material costs and lower profit from the North American Tire Operations.
Total sales in the quarter grew 19.4% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pfizer Beats, Ups View

Posted: 01 Nov 2011 09:00 AM PDT

Pfizer Inc. (NYSE:PFE) posted stronger-than-expected third quarter results. While third quarter earnings came in at 62 cents per share, well above the Zacks Consensus Estimate of 56 cents and 15% above the year-ago earnings, revenues increased 7% to $17.2 billion, beating the Zacks Consensus Estimate of $16.5 billion. Earnings were boosted by higher revenues and lower share count.
Including one-time items, earnings increased 64% to 48 cents.
The Quarter in Detail
Foreign exchange favorably … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY’s 3Q11 Trading Update

Posted: 01 Nov 2011 09:00 AM PDT

Ireland-based advertising titan WPP Group plc. (NASDAQ:WPPGY) released its trading update for the third quarter of 2011on October 28. The company reported its top-line year-over -year growth of 9.0% with revenue settling at £2,456.7 million (US$3,951.4 million).
Revenue growth was attributed to strength across all geographical regions and communication services sector. On a constant currency basis, revenue grew by approximately 8.5%. Excluding the impact of acquisitions and currency fluctuations, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reliance Steel Beats Estimates

Posted: 01 Nov 2011 09:00 AM PDT

Reliance Steel & Aluminum Co (NYSE:RS) reported net income of $84.9 million or $1.13 per share in the third quarter of 2011 compared with $48.7 million or 65 cents per share in the prior-year quarter. Results exceeded the Zacks Consensus Estimate of $1.11 per share.
Revenue
Quarterly sales were $2.14 billion, up 29% year over year.
In the third quarter of 2011, the company sold 1.08 million tons of metal, up 13% year over year and the average price per ton sold was up 16% compared with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Haemonetics Disappoints In 2Q

Posted: 01 Nov 2011 09:00 AM PDT

Haemonetics Corporation (NYSE:HAE) reported an adjusted EPS of 72 cents in the second quarter of fiscal 2012, way below the Zacks Consensus Estimate of 77 cents and the year-ago quarter's adjusted EPS of 80 cents. Headwinds that plagued the first quarter, such as the OrthoPAT devices recall and HS core bowl (to collect plasma for transfusion), continued to mar the current quarter performance. The company is working on remediation plans and expects to resolve the issues by the end of the current … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Ups Coca Cola Ratings Outlook

Posted: 01 Nov 2011 09:00 AM PDT

The rating agency, Standard & Poor’s Ratings Services ("S&P") has upgraded its ratings outlook on The Coca Cola Company (NYSE:KO) on the back of the company's strong operations and credit quality.
Despite the prevailing market turmoil, S&P has revised Coca Cola's outlook to "positive" from "stable" and reiterated “A+” long-term corporate credit and “A-1″ short-term corporate credit and commercial paper ratings. The ratings agency continues to expect robust performance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medical Business Buoys Greatbatch

Posted: 01 Nov 2011 09:00 AM PDT

Greatbatch's (NYSE:GB) third-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 41 cents outpaced both the Zacks Consensus Estimate and the year-ago adjusted earnings of 34 cents.
Profit (as reported) soared 17% year over year to roughly $7 million (or 30 cents a share) owing to healthy sales from the New York-based company's Orthopedic and Vascular businesses, supported by lower interest expense and tax.
Revenues
Revenues rose 3% year over year to $131.7 million, in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEO Spotlight: Dan Hanrahan, President And CEO, Celebrity Cruises

Posted: 01 Nov 2011 08:55 AM PDT

11/01/2011 Celebrity Cruises’ Dan Hanrahan discusses the company’s latest ship, the Celebrity Silhouette and trends in the travel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Plunge On Mild Weather Forecasts

Posted: 01 Nov 2011 08:50 AM PDT

Forexpros – Natural gas futures plunged to a three-day low on Tuesday, as traders focused on forecasts calling for mild weather across most parts of the U.S. through mid-November, reducing heating demand expectations for the fuel.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.779 per million British thermal units during U.S. morning trade, plunging 3.94%.

It earlier fell by as much as 4.35% to trade at USD3.761 per million British thermal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Higher Amid Greek Referendum Concerns

Posted: 01 Nov 2011 08:42 AM PDT

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, as Greece's call for a referendum on its latest bailout deal boosted demand for the safe haven greenback.

During U.S. morning trade, the dollar was sharply higher against the euro, with EUR/USD plunging 1.51% to hit 1.3647.

Risk appetite was hit by fears that Greece could move closer to a sovereign default, increasing the risk of contagion in global financial markets, if the vote on the bailout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Market Rebound Should Benefit Gold And Silver Miners

Posted: 01 Nov 2011 08:27 AM PDT

Agreed bullion  has outperformed the miners throughout 2011, but that may soon change. The gold and silver miners and especially the junior explorers are especially oversold and are in a long range base from which up moves occur. The rising price of gold has significantly boosted the revenue of gold miners this year. Many miners have boosted their dividends to shareholders. Eventually these bullish fundamentals will be expressed in their share price. Gold Stock Trades senses that a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Pound Trims Losses Against Dollar After U.S. ISM Data

Posted: 01 Nov 2011 08:27 AM PDT

Forexpros – The pound trimmed losses against the U.S. dollar on Tuesday, pulling away from a four-day low after industry data showed that the pace of U.S. manufacturing activity slowed unexpectedly in October.

GBP/USD pulled back from 1.5889, the pair's lowest since October 26, to hit 1.5943 during U.S. morning trade, still down 0.88% over the day.

Cable was likely to find short-term support at 1.5890, the low of October 26 and resistance at 1.6092, the days high.

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

Gold Futures Remain Under Pressure By Firm Dollar, Greece Fears

Posted: 01 Nov 2011 08:20 AM PDT

Forexpros – Gold futures came under pressure on Tuesday, slumping to a one-week low as a broadly stronger U.S. dollar and mounting concerns over the global economic outlook prompted investors to sell their gold positions to raise liquidity.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,699.35 a troy ounce during U.S. morning trade, tumbling 1.5%.

It earlier fell by as much as 2.01% to trade at USD1,682.75 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower On Greek Referendum Call

Posted: 01 Nov 2011 08:14 AM PDT

Forexpros – The euro remained sharply lower against the U.S. dollar on Tuesday, as Greece’s call for a referendum on the recent bailout deal sparked fresh concerns over the debt crisis in the euro zone.

EUR/USD hit 1.3609 during U.S. morning trade, the pair’s lowest since October 12; the pair subsequently consolidated at 1.3660, tumbling 1.42%.

The pair was likely to find support at 1.3518, the low of September 29 and resistance at 1.3900, the high of October 21.

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

Stocks Extend Losses, Greek Referendum On Austerity Package

Posted: 01 Nov 2011 03:08 AM PDT

11/01/11 The major stocks averages declined amidst global slowdown concerns and Greek jitters. Worries that Euro-zone may not be able to contain its debt crisis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Plunge To Six-day Low On Greece Fears

Posted: 01 Nov 2011 07:47 AM PDT

Forexpros – Crude oil futures extended heavy losses on Tuesday, tumbling to a six-day low after Greece's surprise move to call a referendum on the recent bailout deal triggered fears over a debt default, dampening the appeal of riskier assets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD90.53 a barrel during U.S. morning trade, plunging 2.85%.

It earlier fell by as much as 3.2% to trade at USD89.17 a barrel, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Falls Below $90 As Global Equities Slide, Eurozone Debt Concerns Resurface

Posted: 01 Nov 2011 02:45 AM PDT

11/01/11 Crude fell more than 3% this morning to trade below $90 a barrel as eurozone debt crisis concerns, a strong dollar and a global equity downturn kept investors away from higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quote Of The Day On Payday Loan Propaganda

Posted: 01 Nov 2011 07:33 AM PDT

“The mindset of the left was recently displayed in a big, front-page story in the October 30th issue of the San Mateo County Times. It was an investigative reporter’s expose of the “payday loan” business and its lobbyists. According to the reporter: “In California lenders charge up to $45 in fees on a maximum $300 loan. This amounts to an interest rate of 460 percent, trapping some borrowers into a never-ending cycle of debt.”

The 460 percent figure comes from imagining that the borrower is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Tumbles Amid Fears Over Greece Referendum

Posted: 01 Nov 2011 07:24 AM PDT

Forexpros – The euro tumbled against the yen on Tuesday, erasing all of Monday's gains after Athens called for a vote on Greece’s bailout program, sparking fresh uncertainty over the debt crisis in the euro zone.

EUR/JPY hit 106.50 during U.S. morning trade, the pair's lowest since October 27; the pair subsequently consolidated at 106.95, tumbling 1.25%.

The pair was likely to find support at 105.66, the low of October 27 and resistance at 109.23, the days high.

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

U.S. ISM Manufacturing PMI Declines Unexpectedly

Posted: 01 Nov 2011 07:08 AM PDT

Forexpros – Manufacturing activity in the U.S. declined unexpectedly in October, industry data showed on Tuesday.

In a report, the Institute for Supply Management said its index of purchasing managers fell by 0.8 points to 50.8 in October, down from 51.6 in September.

Analysts had expected the ISM index of purchasing managers to ease up by 0.5 points to 52.1 in October.

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

The report showed that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macau Hits A New Gaming Record In Oct

Posted: 01 Nov 2011 06:56 AM PDT

From Reuters
Gambling revenue in glitzy Macau, the world's largest gaming destination, broke a new record in October rising 42 percent on the year to 26.9 billion patacas, with relentless demand from Chinese visitors continuing to defy concerns over the global economy and a domestic credit squeeze.
Widely expected to hit a new record because of China's Golden Week holiday, October revenue easily beat August's high of 24.8 billion patacas, according to government figures released on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Plunge On Greek Comments; Dow Jones Tumbles 2.14%

Posted: 01 Nov 2011 06:54 AM PDT

Forexpros – U.S. stocks were sharply lower on Tuesday, after Greece’s Prime Minister announced a referendum on the recent bailout deal, sparking new concerns over the handling of the debt crisis in the euro zone.

During early U.S. trade, the Dow Jones Industrial Average tumbled 2.14%, the S&P 500 index dropped 2.40%, while the Nasdaq Composite index declined 2.09%.

Market sentiment was hit amid fears that Greece could move closer to a sovereign default, increasing the risk of contagion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Jumps To 1-week High Amid Greece Fears

Posted: 01 Nov 2011 06:40 AM PDT

Forexpros – The U.S. dollar jumped to a one-week high against its Canadian counterpart on Tuesday, as renewed concerns over the debt crisis in the euro zone saw investors abandon higher-yielding assets for the safety of the greenback.

USD/CAD hit 1.0185 during early U.S. trade, the pair's highest since October 25; the pair subsequently consolidated at 1.0155, leaping 1.51%.

The pair was likely to find support at 0.9972, the day's low and short-term resistance at 1.0212, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quick Charting The Intermarket Rise And Fall Into November

Posted: 01 Nov 2011 06:37 AM PDT

With the sharp rise in volatility in the cross-market landscape – mainly driven by Greece's bailout then walked-back with the surprise announcement of a referendum vote – let's take a quick look at where the current intermarket landscape resides at the moment.

Click for larger image.
To recap, Thursday (October 27th) gave us a positive resolution of the Greece situation, and the cross-market landscape took on a sudden "Risk-On" environment.
This was coupled with an announcement of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Referendum, Dovish RBA Siphoning Risk-Appetite From Markets

Posted: 01 Nov 2011 06:35 AM PDT

Fundamental Headlines
• Greek Vote Gamble Said to Stun Euro Partners – Bloomberg
• MF Global Probe May Involve Hundreds of Millions in Funds – Bloomberg
• NYSE Invokes Rule 48 in Face of Expected Volatility – Reuters
• Wall St Falls After Greek Referendum Call – Reuters
• Azumi: Japan in War of Nerves – WSJ
European Session Summary
The news late yesterday that Greek Prime Minister George Papandreou would seek a vote of confidence this week as well as call for a referendumon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Slumps On Easing U.S. Crop Fears, Stronger Dollar

Posted: 01 Nov 2011 06:31 AM PDT

Forexpros – Cotton futures were down for a second day on Tuesday, falling to a three-day low as a combination of easing concerns over cotton crop conditions in the U.S. coupled with a broadly stronger U.S. dollar weighed on prices.

On the ICE Futures U.S. Exchange, cotton futures for December delivery traded at USD1.0049 a pound during early U.S. morning trade, dropping 1.76%.

It earlier fell by as much as 1.95% to trade at USD1.0028 a pound, the lowest price since October 27.

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

European Stocks Plummet On Debt Plan Worries; DAX Plunges 5.76%

Posted: 01 Nov 2011 06:21 AM PDT

Forexpros – European stock markets extended losses on Tuesday, after Greek Prime Minister George Papandreou called a referendum on the new aid package fanning fears over the debt crisis in the euro zone.

During European afternoon trade, the EURO STOXX 50 plummeted 5.44%, France's CAC 40 tumbled 5.26%, while Germany's DAX 30 plunged 5.76%.

European stocks continued to fall amid fears that Greece could move closer to a sovereign default, increasing the risk of contagion in global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Referendum Talks Turn Global Markets Into The Red

Posted: 01 Nov 2011 01:15 AM PDT

11/01/11 NYFP’s Morning Market Report: Global equities continued to post steep declines as Greece announced that it will hold a referendum to approve austerity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

G4S Pulls Out Of ISS Takeover Plans

Posted: 01 Nov 2011 12:53 AM PDT

Security group G4s (LON:GFS) has pulled out of plans to push for a takeover of facilities management company ISS after a number of its major shareholders signalled their intention to block the deal at a meeting scheduled for November 2. G4S said it was disappointed to have cancelled the proposed deal, which emerged last month when the company announced an opportunistic swoop for ISS that would have valued it at £5.2 billion. Shareholders are understood to have been uneasy about the proposed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment