Friday, January 27, 2012

DailyMarkets.com - Charges Spoil Covance’s 4Q

DailyMarkets.com - Charges Spoil Covance’s 4Q

Charges Spoil Covance’s 4Q

Posted: 27 Jan 2012 07:55 AM PST

Covance (NYSE:CVD) reported an EPS of 35 cents in the fourth quarter of 2011 compared with 45 cents in the year-ago quarter. During the quarter, Covance incurred $31 million or 41 cents per share in charges, out of which roughly 10 cents were related to the completion of restructuring actions, 11 cents in the termination of a research products inventory supply agreement and inventory write down and 20 cents for the impairment of a related equity investment, partially offset by a gain of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

After A Wild Year, CTS Is Poised For Growth

Posted: 27 Jan 2012 07:55 AM PST

After a Wild Year, CTS is poised for Growth
Ken Nagy, CFA

CTS Corporation's (CTS) 2011 Fiscal year was biblical, as the firm dealt with the adverse effects of earthquakes, fires and floods.  Patient investors should be rewarded with double digit top and bottom-line growth and healthy free cash flow in 2012.

On January 25, 2012, CTS Corporation, the designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (EMS) to original … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue Beats On Higher Passengers

Posted: 27 Jan 2012 07:35 AM PST

The discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) delivered fourth quarter adjusted earnings per share of 8 cents, beating the Zacks Consensus Estimate as well as the year-ago earnings of 3 cents per share.
Despite an uncertain economic environment, the company registered strong growth, driven by an increase in passenger count and favorable weather conditions that enabled the carrier to run more timely flights.
Earnings for the full year 2011 decreased to 28 cents from 31 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Motorola Mobility Falters Again

Posted: 27 Jan 2012 07:20 AM PST

Motorola Mobility Holdings Inc.(MMI) reported somber financial results for the fourth quarter of 2011, where both the top and bottom line fell short of the Zacks Consensus Estimate. However, following the earnings release, stock price of Motorola Mobility increased by 7 cents (0.18%) to $38.67.
Quarterly GAAP net loss was $80 million or 27 cents per share compared with a net profit of $80 million or 27 cents per share in the prior-year quarter. Adjusted (excluding special items) EPS in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recent Rally In Soybean Prices May Be In Jeopardy

Posted: 27 Jan 2012 07:18 AM PST

Friday, January 27, 2012
Some traders who are looking for the recent rally in Soybean futures to falter may perhaps wish to explore buying just-out-of-the-money puts in Soybean futures options. For example, with the March futures trading at 1225.25 as of this writing, the March 1200 puts could be bought for 20 cents, or $1,000 per option, not including commissions. The total investment in the option would be the maximum risk on the trade, with a potential price objective on the futures of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper Beats By A Penny, Revs Fall

Posted: 27 Jan 2012 07:10 AM PST

Juniper Networks Inc. (NASDAQ:JNPR) posted adjusted earnings per share (EPS) of 22 cents in the fourth quarter of 2011, slivering past the Zacks Consensus Estimate by a penny.
Revenues
Juniper Networks' revenues declined 5.81% year over year to $1.12 billion in the reported quarter. The company generated 75.6% of its consolidated quarterly revenue from product sales, while the remaining 24.4% came from service revenues. Product revenues declined 11.9%, whereas services revenues increased 20.0%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Under Armour Beats Estimates

Posted: 27 Jan 2012 07:00 AM PST

Under Armour, Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected fourth-quarter 2011 results. The company outdid the expectations on the back of healthy apparel, footwear, accessories and direct-to-consumer businesses.
The quarterly earnings of 62 cents a share moved ahead of the Zacks Consensus Estimate by a couple of cents, and soared 40.9% from 44 cents earned in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GDP So-So, Europe Better

Posted: 27 Jan 2012 07:00 AM PST

While we do have some favorable-looking headlines out of Europe this morning, indicating that Greece is making progress in its talks with the private creditors, the focus today will be on the U.S. economy. The headlines on that count are on the weak side.

In its first read on the fourth quarter of 2011, the commerce department reported that the U.S. economy expanded at a lower than expected 2.8% pace in the last quarter of 2011, up from the third quarter's 1.8% growth rate. The expectation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Obama Won’t Mention Today In Michigan: Campus Has 53% More Administrators Than Faculty

Posted: 27 Jan 2012 06:54 AM PST

From an open letter to President Obama on December 16, 2011 from University of Michigan President Mary Sue Coleman:

“Higher education is a public good currently lacking public support. There is no stronger trigger for rising costs at public universities and colleges than declining state support.”

According to the Washington Post, “President Barack Obama will announce a plan to shift some federal dollars away from colleges and universities that don't control tuition costs and new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks Rules With Record Earnings

Posted: 27 Jan 2012 06:35 AM PST

Starbucks Corporation (SBUX) registered robust results for fiscal first quarter 2012. Quarterly earnings increased 11% year over year to a record 50 cents a share. It slivered past the Zacks Consensus Estimate by a penny.
Management applauded the overall health and strength of the company's global business coupled with the continuous product innovation for boosting the earnings growth in the quarter. The quarter brought the holiday season with it, which gave more leisure hours for Starbucks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amgen Misses; 2012 Outlook Strong

Posted: 27 Jan 2012 06:30 AM PST

Amgen (NASDAQ:AMGN) reported fourth quarter earnings per share of $1.19, 5 cents below the Zacks Consensus Estimate. Earnings, however, increased 3.5% from the year-ago period. A lower tax rate, lower share count and higher revenues contributed to the year-over-year increase in earnings.
Total revenue increased 3% to $3,973 million in the fourth quarter of 2011. Revenues also missed the Zacks Consensus Estimate of $3,894 million.
Full year 2011 earnings came in at $5.26 per share, 2.7% above the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: E*TRADE Financial, J.C. Penney Company Holding Company, LSI Logic, Netflix, SanDisk, Time Warner Cable Inc, United Rentals

Posted: 27 Jan 2012 06:30 AM PST

    Equipment-rental company United Rentals Inc’s. shares (NYSE:URI) rose 8.92% to close at $37.87 after the company’s fourth-quarter earnings figures came in higher than analysts' forecasts

    Semiconductor maker LSI Corp’s. share prices (NYSE:LSI) advanced 10.88% a day after the company projected first-quarter sales above market estimates

    Share prices of J.C. Penney (NYSE:JCP) rocketed up 18.79% to close the day at $40.72 after the retailer rolled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURSD Consolidating. Low At 1.3076 Targeted

Posted: 27 Jan 2012 06:22 AM PST

The EURUSD has moved below the close from yesterday at the 1.3108. The price is also now below the 100 bar MA on the 5 minute chart at the 1.3120 level currently.  The low for the day at the 1.3076 level is the next target for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCAD Shoots Higher

Posted: 27 Jan 2012 06:22 AM PST

The Dec job gain was revised up to 21,700 from 17,500 but the USDCAD has moved sharply higher over  the last 20 or so minutes of trading. The surge higher has nearly fully reversed the decline today  and seems to have surprised a short market.  The high for the day at 1.0039 is the next target to get through. On the downside look for the 38.2% of the move higher to hold support at the 1.0018 level.  IF the move higher did catch shorts, and is supported by good … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Reverses And Now Down On The Day

Posted: 27 Jan 2012 06:22 AM PST

The AUDUSD reversed course with a reversal of the stock market in pre opening trading. The price fell below the close from yesterday at the 1.0630 level but has found support against the 38.2% of the weeks trading range.  Traders will likely use these two areas as the extremes for trading this morning.
ON the topside, also traders will be watching the 1.06227 level which is the 38.2% of the move down.  Holding this level on the correction higher might be a sign that traders are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Don’t People Selling A Home Know About Dropping Home Prices?

Posted: 27 Jan 2012 06:21 AM PST

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


QLogic Beats Estimates In 3Q

Posted: 27 Jan 2012 06:05 AM PST

A leading supplier of high performance network infrastructure solutions, QLogic Corporation (QLGC) reported third quarter 2012 earnings of 31 cents (excluding one-time charges, but including stock-based compensation expense) handily beating the Zacks Consensus Estimate by six cents.
However, earnings per share (EPS) declined 36.0% year over year, primarily due to weak revenue growth and operating margin contraction in the reported quarter.
Quarter Details
Total revenue decreased 2.0% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J.B Hunt Beats On Freight Rates

Posted: 27 Jan 2012 05:50 AM PST

J.B. Hunt Transport Services (NASDAQ:JBHT) reported fourth quarter 2011 adjusted earnings of 59 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Earnings per share increased 28.3% from 46 cents a year ago on strong growth across most segments. The current growth trend in freight rates arising from tighter truckload market; coupled with growing demand for intermodal and higher fuel surcharges continued to support the company's earnings throughout 2011.
Adjusted earnings for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vistaprint Beats; Outlook Lowered

Posted: 27 Jan 2012 05:35 AM PST

Vistaprint N.V. (NASDAQ:VPRT) declared second quarter 2012 adjusted earnings of 97 cents per share, comprehensively beating the Zacks Consensus Estimate of 61 cents. The better-than-expected results were driven by double-digit growth in the top line.
Reported earnings per share (EPS) also increased from the year-ago level of 89 cents and exceeded the company's guided range of 73–85 cents. On a GAAP basis, EPS was 82 cents versus 75 cents in the comparable quarter of last year. This was also way … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United’s EPS Strong, Revenue Lags

Posted: 27 Jan 2012 05:20 AM PST

The largest U.S. airline United Continental Holdings Inc. (UAL) reported fourth quarter 2011 adjusted earnings per share (EPS) of 30 cents, more than double of the Zacks Consensus Estimate. In the backdrop of rising fuel prices and a slow moving economy, the outstanding performance of the company was credited to fare hikes, cost-cutting measures and fuel hedging programs.
Adjusted earnings in the reported quarter exclude 72 cents per share in special items pertaining to merger-related costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Long Term Trend Up In Gold And Silver Is Intact, Look For High Quality Exploration Companies

Posted: 27 Jan 2012 03:34 AM PST

At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting.  They pledged to come up with economic salvation.  Immediately the equity markets mounted a year end "Halleluyah" rally.   Bernanke followed Europe's footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014.
 

We respond judiciously to this euphoria.  Politician's promises are usually a thin blanket for an upcoming cold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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