Friday, February 3, 2012

DailyMarkets.com - Alliant Tech Beats EPS, Lags Sales

DailyMarkets.com - Alliant Tech Beats EPS, Lags Sales


Alliant Tech Beats EPS, Lags Sales

Posted: 03 Feb 2012 11:50 AM PST

Aerospace and defense company Alliant Techsystems Inc. (NYSE:ATK) announced operating earnings of $2.28 per share for its third-quarter fiscal 2012 ended January 1, 2012. Results exceeded the Zacks Consensus Estimate of $2.02 but fell short of the year-ago earnings of $2.54 per share.
GAAP earnings in the quarter were $1.51 per share versus $2.09 in the prior-year quarter.
The difference between GAAP and operating earnings in the reported quarter was due to a $25 million (77 cents) impact from a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Core Labs Performs As Expected

Posted: 03 Feb 2012 11:35 AM PST

Core Laboratories N.V. (NYSE:CLB) has reported sound fourth quarter and full year 2011 results, driven by commendable performances across all the three business units.
Quarterly earnings per share (EPS), excluding special items, came in at $1.09, beating the Zacks Consensus Estimate by a penny. Comparing year over year, EPS increased 29.8% from 84 cents.
For full-year 2011, the company earned $3.75 per share, up 25% from $3.00 in the prior year. The reported results were on par with our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SK Telecom Exits ’11 With Y/Y Fall

Posted: 03 Feb 2012 11:20 AM PST

SK Telecom Corp Ltd (NYSE:SKM),a leading South Korean telecom operator, has reported fiscal 2011 earnings results with net income dropping 10.4% year over year to KRW 1.583 trillion ($1.4 billion).
The fourth quarter net income plunged 61% year over year to KRW 196 billion ($176 million). Increased investments in advanced wireless networks and mobile tariff cuts were largely responsible for the downfall in both the quarter and the year.
Revenues
In fiscal 2011, revenues grew 2.2% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


2012: Ad Flicks And Up Beats

Posted: 03 Feb 2012 11:15 AM PST

Over the past few years, marketing arena worldwide has witnessed dramatic transformation. From integrated brand promotion to online socialization, from virtual consumption decision to celebrating womanhood—the ad-world panorama has been demonstrating a paradigm shift as the traditional formats of advertisements give way to interactive digital advertising over time.
Digitally displayed messages came in with several advantages viz. higher viewer recall retention capacity, consumer-targeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Simon Property Beats Marginally

Posted: 03 Feb 2012 11:05 AM PST

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported fourth quarter 2011 FFO (funds from operations) of $678.9 million or $1.91 per share, compared to $638.7 million or $1.80 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.
The reported quarterly FFO marginally exceeded the Zacks Consensus Estimate by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


America’s Jobs Deficit, And Why It’s Still More Important Than The Budget Deficit

Posted: 03 Feb 2012 11:05 AM PST

The most significant aspect of January's jobs report is political. The fact that America's labor market continues to improve is good news for the White House. But as a practical matter the improvement is less significant for the American work force.
President Obama's only chance for rebutting Republican claims that he's responsible for a bad economy is to point to a positive trend. Voters respond to economic trends as much as they respond to absolute levels of economic activity. Under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Genworth Reports Mixed Results

Posted: 03 Feb 2012 10:55 AM PST

Genworth Financial Inc. (NYSE:GNW) reported its fourth quarter operating income of 17 cents per share, in line with the Zacks Consensus Estimate. Results breezed past the year-ago loss of 28 cents. Operating profit for the quarter stood at $86 million, reversing the loss of$135 million, a year ago.
Fourth quarter results stood to benefit form better performances at U.S. Life Insurance and U.S. Mortgage Insurance.
Including net investment gain of $1 million and gain on sale of business of $20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Big Lots Reports Healthy Sales

Posted: 03 Feb 2012 10:55 AM PST

Big Lots Inc. (NYSE:BIG), the largest broad-line closeout retailer, recently posted healthy fourth-quarter comparable store sales for U.S. operations, exceeding the company's guidance range.
Big Lots witnessed an increase of 3.4% in comparable store sales in the fourth quarter of 2011, above the company's guidance range of 1% to 2% increase in comparable store sales.   
During the period under review, Big Lots registered comparable-store sales growth across furniture, food and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Health Net Lags On Lower Revenue

Posted: 03 Feb 2012 10:55 AM PST

Health Net Inc.'s (HNT) reported income amounted to $60.2 million or 71 cents per share in the fourth quarter of 2011, down substantially from $80.4 million or 83 cents per share in the year-ago quarter.
The reported income includes a $26.8 million pre-tax loss related to the run-out of the company's remaining Northeast operations and a $3.3 million pre-tax expense related to the company's administrative cost reduction efforts. Prior-year income includes a $24.9 million non-cash benefit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Narrow Miss For Patterson-UTI

Posted: 03 Feb 2012 10:55 AM PST

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) reported slightly weaker-than-expected fourth-quarter results, hamstrung by the soft pressure pumping market in the northeast region.
Earnings per share, excluding rig retirement impairment charges, came in at 61 cents, a penny below the Zacks Consensus Estimate. Revenues at $724.6 million also fell short of our projection of $728.0 million.
However, compared with the year-ago period, Patterson-UTI's adjusted earnings per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wow! Unemployment Rate Dips To 3 Year Low

Posted: 03 Feb 2012 10:55 AM PST

02/03/12 The nation added 243,000 jobs in January and the unemployment rate dipped from 8.5% to 8.3% according to a government Friday that suggests the economic recovery is reaching the labor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MoneyGram Misses Estimate

Posted: 03 Feb 2012 10:35 AM PST

MoneyGram International Inc. (NYSE:MGI) reported fourth-quarter 2011 earnings per share of 4 cents, significantly lower than the Zacks Consensus Estimate of 17 cents but notably higher than the loss of $1.86 in the year-ago quarter. However, operating income plunged 24.6% year over year to $36.2 million.
Meanwhile, reported net income available to common shareholders improved to $3.1 million from a net loss of $19.4 million in the year-ago quarter. Excluding preferred dividend payouts, the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Tyson Exceeds, Affirms Outlook

Posted: 03 Feb 2012 10:35 AM PST

Tyson Foods Inc. (NYSE:TSN) delivered better-than-expected first-quarter 2012 earnings of 42 cents per share, exceeding the Zacks Consensus Estimate of 33 cents. However, the earnings lagged the prior-year earnings of 78 cents per share.
Profits were driven by higher sales as well as strong performance in all the segments, particularly in Chicken, Pork and Prepared Foods.
Revenue and Margins
Net sales recorded a growth of 9.4% to $8.3 billion from $7.6 billion in the year-ago quarter, while it was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Blackstone Beats By A Penny

Posted: 03 Feb 2012 10:35 AM PST

The Blackstone Group (NYSE:BX) reported fourth quarter 2011 economic net income (ENI) of 40 cents per share, a penny ahead of the Zacks Consensus Estimate of 39 cents. However, this compares unfavorably with economic net income (ENI) of 46 cents in the year-ago quarter.
Blackstone's results primarily benefited from lower expenses and higher net gains from fund investment activities. Growth in assets under management (AUM) was also among the positives during the quarter. However, lower revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Record Fiscal Revenue For Jones Lang

Posted: 03 Feb 2012 10:35 AM PST

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), reported fourth quarter 2011 net income of $84.8 million or $1.91 per share compared to $84.4 million or $1.91 in the year-earlier quarter. Excluding non-recurring items, earnings were $114 million or $2.56 per share during the quarter versus $86 million or $1.94 in the year-ago quarter. Recurring earnings for the reported quarter were well above the Zacks Consensus Estimate of $2.21.
For full year 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earning Scorecard: Polycom

Posted: 03 Feb 2012 10:25 AM PST

Polycom Inc.(NASDAQ:PLCM) reported outstanding financial results in the fourth quarter of 2011, mainly driven by growth in the company's RealPresence software businesses.
Fourth Quarter Highlights
GAAP net income in the fourth quarter was $49.6 million or 28 cents per share compared with $33.1 million or 19 cents per share in the prior-year quarter. However, adjusted (excluding special items) EPS in the reported quarter was 31 cents, way ahead of the Zacks Consensus Estimate of 21 cents.
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Moves Back Above The Weeks Midpoint And Buyers Follow

Posted: 03 Feb 2012 10:18 AM PST

The EURUSD moved above the midpoint of the weeks range and has pushed higher.  The next target is the 1.3159 level and then 1.3184. The move higher in the dollar against the EURO on the better US data, has given way to "risk on". Greece hope and stronger US help the flows.  The pair is still mired in the narrow trading range for the week. Perhaps next week the pair finds more of a direction.    In the meantime will be paying attention to the technicals for clues as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURAUD Continues Its Fall To New Lows

Posted: 03 Feb 2012 10:18 AM PST

The EURAUD has fallen sharply today as the AUD benefits from the stronger US data. If the global economy is going to get better it will help the Australian economy the most. The EU still has their problems.   The fall lower has so far had little in the way of a correction. The shorter term chart above, has flattened out, but with lower lows and lower highs still in place.  A move above 1.2189 and thens 1.2208 is needed to get shorts concerned. From there, look for resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zacks Initiates Coverage On Umami Sustainable Seafood Inc.

Posted: 03 Feb 2012 10:05 AM PST

Zacks Initiates Coverage on Umami Sustainable Seafood Inc.
Ian Gilson, CFA
 

    Headquartered in San Diego, California, Umami Sustainable Seafood Inc. (UMAM.OB  $2.50) is the global leader of high quality bluefin tuna for the high end Japanese sushi and sashimi market. The Bluefin Tuna market is estimated to exceed $1 billion with the Japanese market consuming 80% of the total.

    The company aquafarms tuna at two locations, Ugljan Islands, Croatia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Costco Carries Sales Momentum

Posted: 03 Feb 2012 10:05 AM PST

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended January 29, 2012, on the back of higher gasoline prices. However, unfavorable foreign currencies fluctuation remains a drag.
The company has been able to maintain its sales momentum. After a 7% increase in December 2011, Costco's comparable-store sales for the month of January 2012 climbed 8%, reflecting comparable sales growth of 9% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Rises On Strong Jobs Report

Posted: 03 Feb 2012 10:00 AM PST

02/03/12 The dollar received quite the boost this afternoon following a surrising improvement in the U.S. unemployment rate to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Loss Widens At Central Garden

Posted: 03 Feb 2012 09:50 AM PST

Central Garden & Pet Company (NASDAQ:CENT) recently reported sluggish first-quarter 2012 results, battered by higher input costs, altered product mix and the seasonal nature of the lawn and garden category.
The company's quarterly loss of 27 cents a share widened from a loss of 16 cents per share delivered in the prior-year quarter. The analyst covered by Zacks had expected the company to deliver a loss of 26 cents per share in the reported quarter.
However, total revenue for the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


WY’s 4Q Beats Estimate

Posted: 03 Feb 2012 09:35 AM PST

Weyerhaeuser Company (NYSE:WY) reported its financial results for the fourth quarter and fiscal year 2011 on February 3. Earnings per share were 14 cents and excluded 2 cents (or $12 million) from after-tax charges for special items. Results surpassed the Zacks Consensus Estimate of 6 cents and earnings of 10 cents reported in the year-ago quarter.
For the fiscal year 2011, earnings per share came in at 33 cents versus 50 cents in 2010 and the Zacks Consensus Estimate of 25 cents.
Revenue
Net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valdes: “Great Jobs Number…but Debt, Growth To Weigh On Equities”

Posted: 03 Feb 2012 04:30 AM PST

02/03/12 DME Securities’ Alan Valdes weighs in on the US employment report and what the Facebook IPO means for the equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Principal Financial Lags EPS Est.

Posted: 03 Feb 2012 09:25 AM PST

Principal Financial Group (NYSE:PFG) reported fourth-quarter 2011 operating earnings per share of 71 cents, lagging behind the Zacks Consensus Estimate by 4 cents. Results, however, exceeded 66 cents earned in the prior-year quarter. Operating earnings were $217.1 million, up 1.4% from $214.1 million in the corresponding quarter last year.
Principal Financial fared well on the heels of double-digit earnings growth in Principal International, Principal Global Investors and U.S. Insurance Solutions. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Looking Like A Squeeze Higher? Will Be Watching The 1.3126 Level

Posted: 03 Feb 2012 09:22 AM PST

Although the midpoint of the week at 1.31267 level has yet to be breached, the sellers don't seem to be in control. A move above the 1.31267 level should encourage buying/shorts covering as market struggles with dollar strength or is this a signal for "risk on" EURUSD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Expectations For Additional QE Revised Lower

Posted: 03 Feb 2012 09:22 AM PST

The expectations for additional QE by the BOE at their interest rate meeting next week, has been racheted down to 50 B additional from 75 B which has been more of the concensus.  The better global tone is perhaps a contributing factor.  Besides, it is easier to add rather than subtract down the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EW Misses On Revs, 1Q Guidance Weak

Posted: 03 Feb 2012 09:10 AM PST

Edwards Lifesciences Corporation (NYSE:EW) has reported an adjusted EPS of 62 cents in the fourth quarter of fiscal 2011, surpassing both the Zacks Consensus Estimate of 59 cents and the year-ago quarter's adjusted EPS of 55 cents. For the full year, the adjusted EPS came in at $2.02, ahead of the Zacks Consensus Estimate of $1.99 and $1.84 recorded a year ago.
Revenues increased 9.6% year over year (underlying sales growth of 8.3%) to $430.2 million during the quarter, missing the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stericycle Beats Estimate

Posted: 03 Feb 2012 08:55 AM PST

Stericycle Inc. (NASDAQ:SRCL) delivered an adjusted EPS of 76 cents in the fourth quarter of fiscal 2011, up 29.6% from the prior-year quarter of 69 cents. Adjusted EPS surpassed the Zacks Consensus Estimate of 74 cents.
The quarter noted some special items including acquisition expenses of 1 cent per share and restructuring costs of 3 cents per share. The prior-year quarter noted acquisition costs of 7 cents per share and restructuring costs of 4 cents per share. Including these items, EPS amounted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Facebook IPO: Likes And Dislikes

Posted: 03 Feb 2012 08:40 AM PST

The Facebook frenzy continues even as the company aims to raise funds through an IPO. Already the world's most popular social networking platform, Facebook revealed plans on Wednesday to raise $5 billion in an initial public offering. The networking giant intends to use the ticker symbol 'FB' but the sock exchange it will trade from is yet unknown. The $5 billion is of course a placeholder amount, subject to changes in the final analysis.
The company has a $75 billion to $100 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Microchip Beats By A Penny

Posted: 03 Feb 2012 08:25 AM PST

Microchip Technology Incorporated (NASDAQ:MCHP) reported net revenues of $329.2 million in the third quarter of fiscal 2012, down 3.4% sequentially and 10.5% from the year-ago quarter and missed the Zacks Consensus Estimate of $332 million.
On a geographical basis, revenues from Americas were down 3.4% sequentially. Europe was down 15.3% sequentially and Asia was up 1.9% sequentially. Almost all geographies were impacted by the weak business conditions, Europe being the weakest compared to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fiserv’s EPS In Line, Outlook Upbeat

Posted: 03 Feb 2012 08:25 AM PST

Fiserv Inc. (NASDAQ:FISV) reported an adjusted income from continuing operations (excluding one-time items) of $181 million or $1.27 per share in the fourth quarter of 2011 compared to a net income of $166 million or $1.16 per share in the third quarter of 2011 and a net income of $159 million or $1.06 per share in the year-ago quarter. Earnings were in line with the Zacks Consensus Estimate.
In 2011, adjusted income from continuing operations came to $661 million or $4.58 per share, rising from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCAD Dips Below The 200 Day MA

Posted: 03 Feb 2012 08:18 AM PST

Despite weaker than expected Canada Employment, the USDCAD is taking its clue from the "risk on" traders.  The 0.9960 level is the 200 day MA and the price has dipped below this level after surging on the Canada employment report which came out at 7 AM (before the US report). Closing below this level today would be bearish for the pair. The last time the price has closed below the 200 day MA was September 1st … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: AUDUSD Moves To 6 Month High

Posted: 03 Feb 2012 08:18 AM PST

The AUDUSD moved to the highest level since August 2nd 2011 on the back of the "Risk On" trade from the better than expected US Employment report .  The new high overtook the September 2011 hight the 1.0762 level  On the daily the next targets are at the 1.0810 and 1.0835 level which are topside trend line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Cheers US Jobs Report

Posted: 03 Feb 2012 08:05 AM PST

02/03/12 The major equity averages soared over 1% after the January employment report. The US economy created 243K jobs, while the unemployment rate fell to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Triple US Equity Index Check On Push To New Recovery Highs

Posted: 03 Feb 2012 07:35 AM PST

This morning's better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you'll want to monitor closely.
Let's take a look at the S&P 500, Dow Jones, and NASDAQ to compare current structure and what may occur on a breakthrough beyond these prior high resistance levels.
First, the S&P 500 Daily Chart:

The S&P 500 lags behind both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Jumps On Optimism

Posted: 03 Feb 2012 02:00 AM PST

02/03/12 Crude was trading above $97 a barrel Friday morning after an improved U.S. unemployment rate helped boost investor interest in higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Highlights From Today’s Employment Report

Posted: 03 Feb 2012 06:22 AM PST

Some highlights of today’s employment report:

1. Temporary employment reached a 3.5-year high in January of 2.4 million jobs, the highest level since May 2008 (see chart).

2. Manufacturing overtime hours, at 4.3 hours in January, were at the highest level since 2006 (see chart).

3. Manufacturing companies hired an additional 50,000 workers in January, bringing the 12-month total of new manufacturing jobs to 235,000, and the 24-month total of new manufacturing jobs to almost 400,000. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Pop On Jobs Report

Posted: 03 Feb 2012 06:15 AM PST

02/03/12 Global stocks were rising this morning as a strong jobs report helped boost investor interest in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ASOS Case Study: What Do Current Growth Expectations Imply About Future Returns?

Posted: 03 Feb 2012 04:30 AM PST

Warren Buffett has been famously quoted as saying that students of the market only need to study two courses – How to value a company and how to think about market prices. We’ve been covering both these topics in recent articles and I figured its time to put some of this to use with a case study of one of the UK market’s sizzling success stories – ASOS (LON:ASC) .
ASOS has proven itself to be a highly capable online retailer of fashion and a classic growth stock. Originally starting as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Think About Market Prices Part 1: Mr Market

Posted: 03 Feb 2012 01:38 AM PST

From 1981 until very recently the key strategy of equity investors was ‘buy and hold’. It just worked. From a very low base the valuations of equities rose and rose, fuelled by falling interest rates, a wave of cheap credit and an investment boom in technology companies. Those conditions were ripe for a bull market to prosper but perhaps not to the nosebleed PE multiples that were seen at the top. Perhaps naively investors have been hoping for such a bull run ever since, but the current reality … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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