Friday, January 20, 2012

DailyMarkets.com - Schlumberger Posts Strong 4Q

DailyMarkets.com - Schlumberger Posts Strong 4Q

Schlumberger Posts Strong 4Q

Posted: 20 Jan 2012 08:05 AM PST

The world's largest oilfield services provider Schlumberger Ltd. (NYSE:SLB) has reported fourth-quarter 2011 earnings of $1.11 per share (excluding special items), edging out the Zacks Consensus Estimate of $1.09. The quarter's results also showed a steady improvement from the year-earlier profit of 85 cents per share.
Schlumberger posted earnings of $3.66 per share in 2012, which missed Zacks Consensus Estimate by a penny. However, the earnings increased 28% from $2.86 in 2010.
Income from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Flextronics Reports Weak 3Q

Posted: 20 Jan 2012 07:50 AM PST

Flextronics International Ltd. (FLEX) reported third quarter 2012 earnings per share (EPS) of 16 cents (including stock-based compensation but excluding intangible amortization and restructuring charges), down 30.4% from the year-ago quarter. Reported EPS also missed Zacks Consensus Estimate by a couple of cents.
Quarter Details
Total revenue in the reported quarter decreased 4.3% on a year-on-year basis to $7.49 billion. However, revenues exceeded the lower end of management's guidance of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GATX Tops On Lease Rates

Posted: 20 Jan 2012 07:50 AM PST

GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, has reported fourth quarter 2011 earnings of 67 cents per share, way ahead of the Zacks Consensus Estimate of 55 cents. Earnings in the reported quarter shot up 60% from 42 cents in the year-ago quarter, primarily on higher lease rates and strong asset remarketing activities. For fiscal 2011, earnings increased 36.6% to $2.35 per share.
Revenues for the quarter increased 14.4% to $350.4 million surpassing the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Skyworks Beats By A Penny

Posted: 20 Jan 2012 07:50 AM PST

Skyworks Solutions, Inc. (NASDAQ:SWKS) posted a net income of $57.1 million or 30 cents per share in the first quarter of fiscal 2012 compared to a net income of $60.8 million or 32 cents per share in the year-ago quarter and a net income of $64.2 million or 34 cents per diluted share in the fourth quarter of fiscal 2011.
Excluding acquisition-related charges but including stock-based compensation expense, Skyworks reported a net income of 43 cents per share, beating the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Toward Underside Of Trendline.

Posted: 20 Jan 2012 07:18 AM PST

The Greece talks continue. There is no press conference scheduled. There is talk of a pre-agreement later today with technical agreement worked on over the weekend. The EURUSD has been rotating higher and approached the underside of the broken trendline at the 1.2936 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Moves Above Trendline Resistance And Triggers Stops

Posted: 20 Jan 2012 07:18 AM PST

The AUDUSD broke above trendline resistance on the daily chart and triggered stops (at 1.0450 level). Traders will be looking for the 1.0450 level to now be support for the pair.  A move below the level could lead to some liquidation on the failed break.  Otherwise bulls remain in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURJPY Looking To Roll Over. Testing Resistance Against 100 And 200 Bar MAs

Posted: 20 Jan 2012 07:18 AM PST

The EURJPY has rotated lower over the last few hours of trading moving below the 100 and 200 bar MAs in the process. The price has rebounded off the first low and is not up testing the 100 bar MA. Stay below and the downside bias … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmEx Exits 2011 Gracefully

Posted: 20 Jan 2012 07:10 AM PST

Yesterday, American Express Co. (NYSE:AXP), also known as AmEx, reported fourth-quarter 2011 operating earnings of $1.01 per share, a penny above the Zacks Consensus Estimate but comfortably ahead of 88 cents recorded in the year-ago quarter.
Meanwhile, net income from operations increased 12% year over year to $1.19 billion from $1.06 billion in the year-ago period. However, no extraordinary items were recorded during both the comparable periods.
AmEx continues to benefit from an improved credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Con Edison Posts Mixed Numbers

Posted: 20 Jan 2012 07:10 AM PST

Consolidated Edison Inc.'s (NYSE:ED) fourth quarter earnings from continuing operations came in at 74 cents, beating the Zacks Consensus Estimate of 71 cents. Results also compared favorably with earnings from continuing operations of 69 cents in the year-ago quarter. On a reported basis, the company clocked earnings of 65 cents per share compared with 81 cents in the year-ago quarter.
The GAAP EPS variations reflect the year-over-year differences, where Con Edison of New York (CECONY) benefited … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Lead, European Currencies Lag; U.S. Dollar Mixed

Posted: 20 Jan 2012 06:44 AM PST

Fundamental Headlines
• EU Weighs Asset Freeze on Iran's Bank Tejarat – Bloomberg
• Sales of Existing U.S. Homes Likely Rose in December – Bloomberg
• Greece, Creditors Move Closer to Deal in Race against Time – Reuters
• Fed Holds Off for Now on Bond Buys – WSJ
• Big EU Lenders See More Pain – WSJ
European Session Summary
The overnight trading block produced remarkably similar results to the price action that has developed each of the past few days: lower in Asia, then … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intuitive Beats Squarely

Posted: 20 Jan 2012 06:36 AM PST

Intuitive Surgical (NASDAQ:ISRG) reported fourth quarter and fiscal 2011 earnings per share of $3.75 and $12.32, respectively, beating the Zacks Consensus Estimates of $3.34 and $11.89, respectively, while surpassing the corresponding year-ago results of $3.02 and $9.47.
Revenues
Intuitive reported revenues of $496.8 million and $1,757.3 million for the fourth quarter and fiscal 2011, respectively, up 28% and 24% year over year. The results beat the Zacks Consensus Estimates of $483 million and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2012 Looks Bright For Microsoft

Posted: 20 Jan 2012 06:30 AM PST

Microsoft Corporation's (NASDAQ:MSFT) second quarter results were a couple of cents higher than the Zacks Consensus Estimate. The last month has seen 10 analysts lowering estimates for the quarter, which took the Zacks Consensus down a penny. Therefore, without the revisions, Microsoft would have exceeded expectations.
While the client PC business was slightly impacted by the Thai flooding, all other areas of the business saw good growth. Investors reacted as may be expected, taking share prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capital One Misses On Higher Exp.

Posted: 20 Jan 2012 06:30 AM PST

Capital One Financial Corp. (NYSE:COF) reported fourth-quarter 2011 earnings from continuing operations of 89 cents per share, significantly below the Zacks Consensus Estimate of $1.53.  This also compares unfavorably with $1.88 earned in the prior quarter and $2.07 recorded in the year-ago quarter.
For the full year, Capital One's earnings per share from continuing operations was $7.03, up 5% from $6.68 in the prior year. However, earnings missed the Zacks Consensus Estimate of $7.55.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: EBay, 8×8 Inc, Johnson Controls, Sears Holdings Corporation

Posted: 20 Jan 2012 06:30 AM PST

    Online company eBay Inc’s (NASDAQ:EBAY) share prices rose 3.86%, after the company topped its fourth-quarter estimates, primarily due to heavy usage of its electronic payments site PayPal

    Share prices of car parts maker Johnson Controls (NYSE:JCI) dropped 8.77% making it one of the worst performers in the S&P 500 index as the company reduced its earnings guidance for the full year due to slow demand from Europe

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

Sampling The Earnings Smorgasbord

Posted: 20 Jan 2012 06:30 AM PST

With the economic calendar relatively on the thin side, stocks will remain focused on another busy day of earnings reports. Google's (NASDAQ:GOOG) earnings miss potentially raises doubts about the tech sector's earnings outlook, but the issue appears to be mostly company specific. Reports from Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) show continued resilience on the corporate IT spending front. But with stocks at a six-month high already, it will likely be difficult today to sustain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests Trendline Resistance

Posted: 20 Jan 2012 06:21 AM PST

The GBPUSD took a run to the upside and tested the trendline resistance at the 1.5530 (high reached 1.5529).  The price has rotated back down as sellers used the level to define risk and limit risk.  A move above the trendline would likely solicit stops.
On the down side now, traders will be looking for the price to hold 1.5485-96.  The market closed at 1.5485. The 1.5496 is the earlier high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PivotBoss Report For 01/20/12

Posted: 20 Jan 2012 06:16 AM PST

Market Outlook Now that the Dow has finally gotten a solid breakout from the 2-week trading range that we've been following, we're likely to see more price discovery above. Here's the target to watch for. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cliffs Outlines $1B Spending Plan

Posted: 20 Jan 2012 06:10 AM PST

Cliffs Natural Resources Inc. (NYSE:CLF) plans to increase its spending by 12% year over year to about $1 billion for 2012 in order to boost its mining and transportation capacity globally.
The forecasted spending includes $300 million of sustaining capital and $700 million of funds aimed at improving growth and productivity.
Cliffs also intends to spend $60 million in the U.S. to extend the life of its Empire iron ore mine to 2015, among other projects.
In eastern Canada, the company plans to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Rallies On Greek Fears, U.S. Economy

Posted: 20 Jan 2012 06:08 AM PST

Forexpros – bsp;Forexpros – The U.S. dollar rallied against most of its major counterparts Friday, as investors sought safety on Greek debt fears and an improving U.S. economy.

During early session U.S. trade, the greenback traded higher against the euro, with EUR/USD dropping 0.55% to hit 1.2902.

The single currency found support after French and Spanish debt auctions met with investor demand and lower yields yesterday

Yesterday’s news that Greece is near a deal with its private creditors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intel Tops, Guides In Line

Posted: 20 Jan 2012 06:05 AM PST

Intel Corp (NASDAQ:INTC) reported fourth quarter earnings of 67 cents per share that beat the Zacks Consensus Estimate by 6 cents. The surprise was driven by strength in the server segment, a richer mix of business, lower-than-expected taxes and helped by the fact that estimates dropped 9 cents over the past two months.
Revenue
Intel's reported revenue was $13.9 billion, within management's guidance range of $$14.0 billion (+/-$500 million). Revenue for the quarter dropped 2.4% sequentially, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google Reports Rare Miss

Posted: 20 Jan 2012 06:05 AM PST

Google Inc's (NASDAQ:GOOG) fourth-quarter earnings of $8.22 missed the Zacks Consensus Estimate of $9.06, with revenues missing estimates by 9.7%. Shares were down 9.02% in after-hours trading.
Despite strong revenue growth across most geographies and stabilizing in Western Europe (except Germany), weak pricing and non-operating losses (the first time since the December 2009 quarter), resulted in the disappointing results.
Historically, Google has done much better than Yahoo Inc (NASDAQ:YHOO), which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive First Quarter At F5

Posted: 20 Jan 2012 05:55 AM PST

F5 Networks Inc. (NASDAQ:FFIV) delivered first quarter 2012 earnings per share (EPS) of 83 cents, edging out the Zacks Consensus Estimate of 81 cents.
The outperformance was attributable to solid revenues arising from the growing demand for the company's products, as well as market share gains. The company has also witnessed strong demand from its enterprise customers owing to data center consolidations in order to reduce expenses.
Revenues
F5 Networks reported revenues of $322.4 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Reports Modest 4Q

Posted: 20 Jan 2012 05:35 AM PST

International Business Machines Corp. (IBM) reported modest fourth quarter 2011 results with earnings per share (EPS) surpassing the Zacks Consensus Estimate by 9 cents but revenues falling shy of our expectation of $29.74 billion.
IBM posted non-GAAP EPS of $4.71 in the fourth quarter, up 10.8% on a year-over-year basis and representing double-digit growth in 18 of the last 20 quarters. The significant upside was primarily driven by solid revenue growth (7 cents), margin growth (13 cents) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

People’s United Lags Ests, Rev Down

Posted: 20 Jan 2012 05:20 AM PST

Regional bank People’s United Financial Inc.'s (NASDAQ:PBCT) reported fourth-quarter 2011 operating earnings per share of 17 cents, missing the Zacks Consensus Estimate by 2 cents. Moreover, earnings compared unfavorably with 19 cents per share reported in the prior quarter, but up by 10 cents reported in the prior-year quarter.
Quarterly results were impacted by lower top line coupled with a downtrend in credit quality due to economic weakness. However, lower non-interest expenses reflected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Lower On Greek Risk

Posted: 20 Jan 2012 05:00 AM PST

Forexpros – bsp;- Crude oil futures traded lower Friday as Greek debt negotiation concerns offset bullish U.S. economic data.

On the New York Mercantile Exchange, light sweet crude futures for March settlement traded at USD99.91 a barrel during late U.S. trade giving back 0.63%.

It earlier climbed to USD100.91 a barrel and posted a session low of USD99.58 per barrel.

Strength in the U.S. dollar helped depress crude oil prices. The dollar index, which tracks the performance of the greenback … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Drops From High On Risk Flight

Posted: 20 Jan 2012 04:25 AM PST

Forexpros – The euro pulled back from a two week high against the U.S. dollar Friday, on risk flight triggered by Greek fears and stock losses.

EUR/USD was trading at 1.2909 down 0.46%, earlier it hit a high of 1.2986 and a low of 1.2891.

The pair was likely to find support at 1.2626, Monday’s low and technical resistance exists at 1.2986, this sessions high.

The single currency stumbled on renewed Greek debt fears and mostly lower euro zone stock markets.

However, the euro is still … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 20 Jan 2012 04:15 AM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on CPI.

USD/CAD was trading at 1.0145, up 0.36% at time of writing.

The pair was likely to find support at 1.0071, Thursday's low, and resistance at 1.0252, Monday's high.

Earlier in the day, official data showed that Consumer price inflation in Canada fell more-than-expected to a seasonally adjusted -0.6% last month from 0.1% in the preceding month.

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

Canadian Consumer Price Inflation Falls More-than-expected

Posted: 20 Jan 2012 04:10 AM PST

Forexpros – Consumer price inflation in Canada fell more-than-expected last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian consumer price inflation fell to a seasonally adjusted -0.6%, from 0.1% in the preceding month.

Analysts had expected Canadian consumer price inflation to fall -0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 20 Jan 2012 04:00 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0405, down 0.13% at time of writing.

The pair was likely to find support at 1.0254, Monday's low, and resistance at 1.0450, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.39% to hit 1.2400 and AUD/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 20 Jan 2012 03:20 AM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.9365, up 0.47% at time of writing.

The pair was likely to find support at 0.9307, today's low, and resistance at 0.9574, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.56% to hit 1.2897 and USD/JPY rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In European Trade

Posted: 20 Jan 2012 02:55 AM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 77.26, up 0.19% at time of writing.

The pair was likely to find support at 76.56, Tuesday's low, and resistance at 77.32, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.38% to hit 1.2920 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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