Friday, January 27, 2012

DailyMarkets.com - Texas Capital Tops Estimate

DailyMarkets.com - Texas Capital Tops Estimate

Texas Capital Tops Estimate

Posted: 27 Jan 2012 09:55 AM PST

Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported fourth-quarter 2011 operating earnings of 67 cents per share, surpassing the Zacks Consensus Estimate of 61 cents. The results were also above the prior-year quarter's earnings of 32 cents per share.
Quarterly results of Texas Capital benefited from an increase in net interest income. However, lower non-interest income and higher expenses were the dampeners.
Quarter in Detail
Texas Capital's net interest income was $88.1 million, up 33.6% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sallie Mae Enhances Shareholder Value

Posted: 27 Jan 2012 09:50 AM PST

SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, remains committed to boosting investors' confidence through dividend increases and share buybacks. The company announced a 25% hike in its quarterly dividend to 12.5 cents per share from 10 cents. Alongside, the company declared a $500 million share buyback program.
The increased dividend will be paid on March 16, to shareholders of record as of the close of business on March 2. The share buyback program has no expiration date.
Furthermore, SLM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Reports Mixed 4Q

Posted: 27 Jan 2012 09:50 AM PST

U.S. energy giant Chevron Corp. (NYSE:CVX) reported mixed fourth-quarter and fiscal 2011 results, riding on higher oil prices and stronger refining margins, partially offset by reduced volumes and higher operating costs.
Earnings per share (excluding adjustments for foreign-currency effects) came in at $2.61, missing the Zacks Consensus Estimate of $2.86. Quarterly results were also below the year-ago adjusted profit of $2.68.
For the full year, earnings stood at $13.38, slightly missing our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Non-Core Charges Deter P&G’s EPS

Posted: 27 Jan 2012 09:50 AM PST

Procter & Gamble Co.(NYSE:PG) reported modest results for the second quarter 2012, with net earnings from continuing operations sliding 49.0% year over year to 57 cents a share, which missed the Zacks Consensus Estimate by 47.22%. Profits were limited due to non-core charges of 53 cents per share including a one-time 50 cents per share non-cash impairment charge associated with the Appliances and Salon Professional businesses.
Procter & Gamble forecasts third-quarter 2012 net earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honeywell Beats As Sales Rise

Posted: 27 Jan 2012 09:40 AM PST

Honeywell International Inc.'s (NYSE:HON) reported fourth-quarter 2011 earnings results before the market opened today. Pro forma earnings per share were $1.05 in the reported quarter, above the Zacks Consensus Estimate of $1.04.
Mark-to-market pension expense in the quarter was $1.45 per share, including which the company incurred a loss per share of 40 cents.
For full year 2011, earnings per share from continuing operations were $4.05, above the Zacks Consensus Estimate of $4.03. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Misses, Revenues Up 6.5%

Posted: 27 Jan 2012 09:35 AM PST

Ford Motor Co. (NYSE:F) posted a 34% fall in profit to $797 million or 20 cents per share (before special items) in the fourth quarter of 2011 from $1.20 billion or 30 cents per share (before special items) in the same quarter of 2010. With this, the automaker has missed the Zacks Consensus Estimate by 7 cents per share.
However, including the favorable impacts of valuation allowance and sale of Ford's Russian operations to the newly created Ford-Sollers joint venture, which began operations on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VeriSign Misses Estimates

Posted: 27 Jan 2012 09:35 AM PST

VeriSign, Inc. (VRSN) reported a net income of $53.8 million or 34 cents per share in the fourth quarter of 2011 compared with a net income of $58.9 million or 36 cents per diluted share in the third quarter of 2011 and a net loss of $40.5 million or 23 cents per share in the previous quarter.
Excluding one-time items but including stock-based compensation expense, net income came in at 35 cents per share, missing the Zacks Consensus Estimate of 38 cents.
VeriSign reported revenue of $204 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Breaks Trendline . Weeks High The Next Target

Posted: 27 Jan 2012 09:23 AM PST

The EURUSD broke out of the triangle formation and stops triggered. The range for the day was extended on the move. The high for the week came in at 1.3183. This is the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dismal 2Q For DeVry

Posted: 27 Jan 2012 09:21 AM PST

DeVry Inc. (NYSE:DV) registered sluggish second quarter 2012 earnings of 13 cents per share, which crushed down 89.6% from $1.25 per share posted in the year-ago period. Earnings also lagged the Zacks Consensus Estimate of $1.08 by 87.9%.
Management acknowledged that deteriorating economic conditions and rising unemployment have negatively impacted the results. Moreover, the new regulations associated with the education system posed as headwind for the company. However, DeVry continues to focus on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Federated Lags Ests, Rev Down

Posted: 27 Jan 2012 09:05 AM PST

Federated Investors Inc. (NYSE:FII) reported fourth-quarter 2011 earnings per share of 36 cents, lagging the Zacks Consensus Estimate by 3 cents per share. The earnings missed the prior quarter's earnings by a penny, and were also below earnings of 45 cents reported in the year-ago quarter.
Results reflected a lower top-line growth and an increase in voluntary fee waivers on a year-over-year basis. This was partly offset by a rise in fixed income, equity and money market assets, higher assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VTR And REITs: Awaiting Resolution Of “Great Convergence”

Posted: 27 Jan 2012 09:04 AM PST

As discussed in the previous post, the market is at a crucial juncture, something I have labelled "The Great Convergence".  The confluence of risk and opportunity is seldom as obvious as it is today.  Many of the risks still hang … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Still Rising, Yen Rebounds Against Dollar

Posted: 27 Jan 2012 09:00 AM PST

01/27/12 The euro continues to rise against the dollar Friday, however the yen has posted a strong rebound against the dollar following hedge fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harsco Beats Estimates

Posted: 27 Jan 2012 08:50 AM PST

Harsco Corporation (NYSE:HSC) posted an EPS of 36 cents from continuing operations in the fourth quarter of fiscal 2011 compared with 15 cents in the year-earlier quarter, beating the Zacks Consensus Estimate of 30 cents per share.
For fiscal 2011, income came in at $113.9 million with diluted EPS of $1.38 compared to an income of $79.2 million with diluted EPS of 91 cents in 2010.
Revenue       
Sales for the quarter came in at $793 million, up 5% from $757 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Compuware Misses Estimates

Posted: 27 Jan 2012 08:40 AM PST

Compuware Corporation (NASDAQ:CPWR) posted a net income of $21.6 million or 10 cents per share in the third quarter of fiscal 2012 compared to a net income of $22.7 million or 10 cents in the second quarter of fiscal 2012 and a net income of $34.0 million or 15 cents per share in the year-ago quarter.
The results failed to meet management's guidance range of 11 cents -13 cents and the Zacks Consensus Estimate of 11 cents per share.
Michigan-based Compuware Corporation provides software … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Robert Half Lags, Gives Outlook

Posted: 27 Jan 2012 08:20 AM PST

Robert Half International Inc.(NYSE:RHI), a leading global staffing and risk consulting services provider, reported solid fourth quarter earnings of $42.6 million or 30 cents a share, up considerably from $24.8 million or 17 cents a share in the year-earlier quarter. Earnings per share, however, lagged the Zacks Consensus Estimate of 31 cents.
In fiscal 2011, Robert Half posted more than doubled net income of $149.9 million or $1.04 per share from the prior-year net income of $66.1 million or 44 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tumbles. Talk Of A UK Clearer Selling

Posted: 27 Jan 2012 08:18 AM PST

The GBPUSD took a tumble lower. Market chatter is a UK clearer was selling (this is not confirmed). The price fell below the trendline support outlined in the morning commentary. The price is now below the 38.2% of the weeks trading range at the 1.56498 level.
The next key target comes in at the 1.56241 level.  The level corresponds with the 50% retracement and the 100 hour … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Mixed On Q4 GDP, Earnings

Posted: 27 Jan 2012 08:10 AM PST

01/27/12 US stocks turned mixed following the 2.8% expansion in US Q4 GDP, and a consumer sentiment reading that topped estimates. Earnings reports continue to show mostly tepid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disappointing 3Q For Abaxis

Posted: 27 Jan 2012 08:06 AM PST

Abaxis Inc. (NASDAQ:ABAX) reported third quarter 2012 EPS of 13 cents, missing the year-ago quarter EPS by 4 cents, as well as the Zacks Consensus Estimate of 16 cents.
Net sales during the quarter increased 5% year over year to $37.9 million, but lagged the Zacks Consensus Estimate of $41 million. The year-over-year growth was based on higher sales in both North America (up 6% to $31.8 million) and in the international market (up 2.8% to $6.0 million).
Within the customer group, Veterinary market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Struggles To Continue Rally; Yen Top Performer

Posted: 27 Jan 2012 06:56 AM PST

Fundamental Headlines
• Lagarde Keeps Pressure on Greek Creditors – Bloomberg
• U.S. Economy Grows 2.8%, Less than Forecast – Bloomberg
• EU, IMF Press Greece on Reforms Before Aid Flows – Reuters
• Greece Edges towards Debt Deal – WSJ
• Investors Abandoning Copper, Cotton, Crude – WSJ
European Session Summary
It appears a new trend has emerged, one that is indicative of a top forming across higher yielding currencies and risk-correlated assets. As my colleague Jamie … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Mixed On Healthy Italian Bond Auction And Poor Spain Data

Posted: 27 Jan 2012 01:15 AM PST

01/27/12 Global stocks traded mixed Friday morning as a jump in Spanish unemployment to 22.9% clashed with a healthy Italian bond auction. Meanwhile, Greek debt restructuring talks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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