DailyMarkets.com - Credit Card Spending Rises And Employment Follows Suit |
- Credit Card Spending Rises And Employment Follows Suit
- Citrix Beats, Provides Weak Outlook
- SanDisk Reports Mixed 4Q
- Jacobs In-line, Reaffirms Guidance
| Credit Card Spending Rises And Employment Follows Suit Posted: 26 Jan 2012 07:10 AM PST According to the US Federal Reserve, last November saw the highest rise in consumer borrowing in the last 10 years, with an increase amounting to $20.4 billion, compared to the $11.6 billion increase that was predicted. This is a strong sign that banks are now giving loans more freely than before, and that consumers have started spending more on purchases through loans than in the recent past. Since consumer spending drives 70% of the US economy, we have reasons to be optimistic about the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Citrix Beats, Provides Weak Outlook Posted: 26 Jan 2012 06:04 AM PST Yesterday, after market close, Citrix Systems Inc. (NASDAQ:CTXS) declared financial results for the fourth quarter of 2011, which managed to beat the Zacks Consensus Estimates. Global trends toward virtualization and cloud computing are facilitating the company to post solid results. However, management provided a weak financial outlook for fiscal 2012, primarily due to the company's decision for more acquisition and its sales force reorganization. Just a couple of days ago Citrix's major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 26 Jan 2012 05:39 AM PST SanDisk Corp.'s (NASDAQ:SNDK) fourth quarter 2011 adjusted earnings of $1.24 per share edged out the Zacks Consensus Estimate by a penny. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense. Following the earnings release, the company's shares plunged 8.49% in after-market trade as the earnings dropped a significant 23.9% from the year-ago level. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Jacobs In-line, Reaffirms Guidance Posted: 26 Jan 2012 05:21 AM PST On January 25, 2012, Jacobs Engineering Group Inc. (NYSE:JEC) reported its financial results for the first quarter 2012 with earnings per diluted share of 70 cents in the quarter, up from 52 cents reported in the year-ago quarter, based on solid sales and operations performance on the backdrop of improving markets. The results were in line with the Zacks Consensus Estimate.
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