Thursday, February 23, 2012

DailyMarkets.com - Disappointing 4Q For JAKKS Pacific

DailyMarkets.com - Disappointing 4Q For JAKKS Pacific

Disappointing 4Q For JAKKS Pacific

Posted: 23 Feb 2012 07:30 AM PST

Toy maker JAKKS Pacific Inc's (NASDAQ:JAKK) adjusted loss of 72 cents per share in the fourth quarter of 2011, was considerably wider than the Zacks Consensus Estimate of a loss of 61 cents a share.  The quarterly result also deteriorated considerably from the year-ago quarter earnings of 13 cents per share and was well below management's earnings guidance of 37 cents to 40 cents.
On a GAAP basis, reported loss of 77 cents per share was well below the year-ago quarter earnings of 30 cents. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Famous Dave’s Beats By A Penny

Posted: 23 Feb 2012 07:05 AM PST

Famous Dave’s of America Inc. (NASDAQ:DAVE) recently reported fourth quarter 2011 adjusted earnings of 9 cents per share, which beat the Zacks Consensus Estimate by a penny and the prior-year quarter’s earnings by 2 cents. Including the non-cash impairment charges of approximately 4 cents, the earnings for the reported quarter were 5 cents. In fiscal 2011, earnings were 72 cents per share versus 67 cents in the prior year.
Famous Dave's, which owns, franchises and operates restaurants in the U.S., … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volcano Beats On EPS, Guides Low

Posted: 23 Feb 2012 07:03 AM PST

Volcano Corporation (NASDAQ:VOLC) reported EPS of 54 cents in the fourth quarter of fiscal 2011 compared with a net loss of 3 cents per share in the year-ago period. However, after taking into account the benefit of 40 cents per share (related to the release of a portion of the company’s deferred tax valuation allowance) in the reported quarter, EPS came in at 14 cents, way above the Zacks Consensus Estimate of 4 cents. For the full year, the company reported adjusted EPS of 30 cents, ahead of both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Labor, Earnings, Europe Give More Clarity

Posted: 23 Feb 2012 07:03 AM PST

Positive U.S. labor market numbers and a favorable Euro-zone economic report should put stocks in a favorable mood today. Offsetting these positives will be a couple of mixed earnings reports, with Target (NYSE:TGT) coming ahead and Hewlett-Packard (NYSE:HPQ) coming up short. That said, it is perhaps reasonable not to expect major moves in the market today given the gains we have had thus far in recent weeks.
Initial Jobless Claims came in better than expected last week – 'unchanged' at 351K … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NeuroMetrix Beats, Losses Trim

Posted: 23 Feb 2012 06:40 AM PST

Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) reported fourth-quarter fiscal 2011 net loss per share of 63 cents, well below the Zacks Consensus Estimate of a loss of 75 cents and the year-ago loss of $1.09 a share. The Massachusetts-based company's net loss trimmed 42.5% year over year to $2.4 million as lower costs more than offset a decline in sales.
For fiscal 2011, net loss per share of $2.59 was also lower than the Zacks Consensus Estimate of a loss of $2.72 and the year-ago loss of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dumb City Regulations Threaten Foodtrucks

Posted: 23 Feb 2012 06:37 AM PST

Matt Yglesias writes in Slate.com about how dumb city regulations around the country are threatening to kill the innovative, entrepreneurial food truck revolution:

“The fact that business owners would prefer not to face competition is not a valid regulatory purpose. A food truck is a kitchen and a vehicle and should need to follow the rules that generally apply to both things. But there's no need for extra regulatory burdens over and above those. If you're allowed to have a restaurant two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DryShips Delivers As Ocean Rig Soars

Posted: 23 Feb 2012 06:30 AM PST

Yesterday after market close, DryShips Inc. (NASDAQ:DRYS) declared mixed financial results for the fourth quarter of 2011. Though DryShips' legacy drybulk shipping cargo division and newly formed oil tanker division continue their pathetic performances, the company's majority owned deepwater oil drilling unit Ocean Rig UDW Inc. (ORIG) helped DryShips' to deliver.
The offshore drilling division continues to flourish buoyed by high oil prices, rising expenditures from oil companies and success … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Brightpoint, FuelCell Energy, Gannett Co., Garmin Ltd., Hackett Group

Posted: 23 Feb 2012 06:30 AM PST

    Share prices of integrated fuel cell company FuelCell Energy Inc. (NASDAQ:FCEL) rose 16.33% to close at $1.71 after the company said it will form a German-based joint venture

    US listed shares of Garmin Ltd. (NASDAQ:GRMN) advanced 9.33% after the Swiss company's fourth-quarter revenue topped analysts' estimates

    Share prices of Hackett Group Inc. (NASDAQ:HCKT) jumped 22.48% to close at $4.74 after the business consultant said it had offered to buy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Consolidates Near Days Highs.

Posted: 23 Feb 2012 06:22 AM PST

The GBPUSD based in to the Asian and early London session and then shot higher.  The move higher has pushed the price back above the 100 day MA (see blue line in the chart below – currently at the 1.5695 level).  Traders will want to see the price stay above this level today.  Interim support should come in against the floor developing over the last few hours and the upside trend line in the shorter term chart above  (see trendlines in the  chart above). Those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Holding Support, Threatening Breakout

Posted: 23 Feb 2012 06:13 AM PST

Let's take a moment to view the Daily Chart of Gold, paying close attention to this week's successful test/rally off confluence support which now 'threatens' a breakout above the initial resistance target.
Here's the Daily Structure of Gold:

Officially, Gold is in a short-term SIDEWAYS trend with range boundaries between $1,600 (or even $1,550) as support and $1,800 as upper resistance.
Of course, the longer term primary and intermediate trends remain bullish/uptrending in the higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hormel In Line, Reiterates Guidance

Posted: 23 Feb 2012 06:06 AM PST

On February 23, Hormel Foods Corporation (HRL) posted its financial results for the first quarter of 2012 with an EPS of 48 cents, down 13% compared with 55 cents in the prior-year period and in line with the Zacks Consensus Estimate.
Net earnings reached $128.4 million, down 14% from $148.8 million in the first quarter of 2011.
Net sales for the first quarter of 2012 were $2,039.4 million, up 6.1% y/y, slightly missing the Zacks Consensus Estimate of $2,047 million. The year-over-year increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DISH Network Beats Zacks Estimates

Posted: 23 Feb 2012 05:53 AM PST

DISH Network Corp. (NASDAQ:DISH) declared solid financial results for the fourth quarter of 2011. Most importantly, the company generated net subscriber addition in the previous quarter, reversing the trend of the prior two successive quarters. In the fourth quarter of 2011, DISH Network gained 22,000 net subscribers compared with an enormous loss of 156,000 subscribers in the year-ago quarter. At the end of 2011, DISH Network had approximately 13.967 million subscribers.
Last week, DISH Network's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Fall To Lowest Level Since Mar. 2008

Posted: 23 Feb 2012 05:47 AM PST

In another positive sign that the U.S. labor market is gradually improving, the Labor Department reported today that the four-week moving average for initial jobless claims fell to 359,00 for the week ending February 18, which is the lowest level since the week of March 22, 2008, almost four years ago (see chart above). This marks the sixth consecutive weekly decline in the four-week moving average, and the eleventh decline in the last twelve weeks. The number of seasonally-adjusted initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Stocks Are At The Wall Of Massive Resistance

Posted: 23 Feb 2012 05:37 AM PST

The most risky ‘risk on’ asset of all, are the big bank stocks. When they rally hard you know the central bank liquidity is running freely. Goldman Sachs (GS) Gann Angle technical picture suggest this is as far as it goes for the Jan 2012 rally.

The US Federal Reserves POMO schedule actually takes monies out of the market over the next few weeks, this may assist lower stock prices. And of course there is always the worsening fundamentals (PMIs from Asia and Europe) etc, but who follows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chico’s Outperforms, Guides FY12

Posted: 23 Feb 2012 05:35 AM PST

Chico’s FAS Inc. (NYSE:CHS) reported robust earnings for the fourth quarter and full-year 2011. The company's quarterly earnings per share of 15 cents surpassed the Zacks Consensus Estimate by 4 cents. Moreover, quarterly earnings surged 25% from the prior-year quarter’s earnings of 12 cents per share.
For fiscal 2011, the company reported earnings per share of 84 cents, up 31% from the year-ago earnings of 64 cents per share and above the Zacks Consensus Estimate of 80 cents per share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Cos. Lags, Grows Y/Y

Posted: 23 Feb 2012 05:20 AM PST

Williams Companies (NYSE:WMB) announced fourth quarter and full year 2011 reports, after adjusting the results of the separated Exploration & Production (E&P) business as discontinued operations.
In December 2011, Williams completed the spin-off of its E&P segment into a separate, independent and publicly traded company, named, WPX Energy Inc. (WPX).
For the fourth quarter, Williams' earnings per share, excluding special items, came in at 36 cents, below the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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