Tuesday, February 21, 2012

DailyMarkets.com - Earnings Beat At Mylan

DailyMarkets.com - Earnings Beat At Mylan

Earnings Beat At Mylan

Posted: 21 Feb 2012 12:00 PM PST

Mylan, Inc.'s (NYSE:MYL) fourth quarter 2011 earnings (excluding special items) of 53 cents per share beat the Zacks Consensus Estimate by 3 cents and the year-ago earnings by 8 cents per share. Higher revenues led to the rise in earnings in the final quarter of 2011. On a reported basis (including special items), the generic player earned 30 cents per share as opposed to 1 cent in the year-ago quarter.
The Fourth Quarter in Details
Revenues climbed 7% to $1.53 billion but fell short of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exelon-CEG Progress On Merger

Posted: 21 Feb 2012 12:00 PM PST

Constellation Energy (NYSE:CEG) and Exelon Corporation (NYSE:EXC) announced that the Maryland Public Service Commission or MPSC approved their merger. The MPSC’s order adds new conditions, but retains many of the terms of the settlement reached in December 2011 by the companies, the State of Maryland, the Maryland Energy Administration, the City of Baltimore and the Baltimore Building and Construction Trades Council.
Per the agreement, the merger will provide a package of benefits for Maryland, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Suntech Power

Posted: 21 Feb 2012 11:25 AM PST

Suntech Power Holdings Company Ltd. (NYSE:STP) is scheduled to report its fourth-quarter and fiscal 2011 financial results before the opening bell on Thursday, March 8, 2012. The current Zacks Consensus Estimate for quarterly earnings is pegged at 36 cents loss per American Depositary Share ('ADS'). The Zacks Consensus Estimate projects revenues for the quarter to be $572 million.
The current Zacks Consensus Estimate for fiscal 2011 earnings is pegged at $2.26 loss per ADS. The Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Limited Brands

Posted: 21 Feb 2012 11:10 AM PST

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, is slated to report its fourth-quarter 2011 financial results on February 22, 2012. The current Zacks Consensus Estimate for the quarter stands at $1.46 per share, representing an estimated year-over-year increase of about 16%. Revenue, as per the Zacks Consensus Estimate, is $3,490 million.
Third-Quarter 2011, a Synopsis
Limited Brands' third quarter earnings of 25 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: R.R. Donnelley

Posted: 21 Feb 2012 11:05 AM PST

R.R. Donnelley & Sons Co. (NYSE:RRD) is scheduled to release its fiscal fourth quarter 2011 results before the opening bell on Wednesday, February 22, 2012. In the run-up to the earnings release none of the analysts tracking the stock made any revision to the estimate over the last 30 days.
A Sneak Peak into the Previous Quarter
The printing major's third quarter earnings came in line with the Zacks Consensus Estimate. The reported EPS was up 16.0% from the comparable prior-year quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mogavero: “Sentiment Has Changed…lowered Expectations For Recovery”

Posted: 21 Feb 2012 10:56 AM PST

02/21/12 Mogavero, Lee & Co.’s Doreen Mogavero discusses market sentiment following the Greek debt deal and the Dow breaking 13K. Rising crude oil prices are touched upon amidst rising geopolitical tensions over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Analog Devices

Posted: 21 Feb 2012 10:40 AM PST

Analog Devices, Inc. (NYSE:ADI) is scheduled to announce its fiscal first-quarter 2012 results on February 22, 2012. We witness limited movements in analyst estimates in the build-up to the release.
Prior-Quarter Synopsis
Analog's fourth quarter 2011 pro forma earnings missed the Zacks Consensus Estimate by 3 cents, or 4.8% due to weaker-than-expected revenue and margins, which in turn impacted earnings.
Revenue in the quarter was $716.1 million, down 5.5% sequentially and 7.0% year over year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: HRL

Posted: 21 Feb 2012 10:30 AM PST

Hormel Foods Corp. (NYSE:HRL) will be reporting its first quarter 2012 earnings on Thursday, February 23, 2012.
The current Zacks Consensus Estimate for earnings per share (EPS) is 48 cents, representing an annualized loss of 12.07%.  
With respect to earnings surprises over the trailing four quarters, HRL outperformed the Zacks Consensus Estimate in three quarters and was in line with one.  Average earnings surprise was 11.05%, implying that the company outperformed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GS & Advent To Purchase TransUnion

Posted: 21 Feb 2012 10:20 AM PST

On Friday, GS Capital Partners, a private equity unit of The Goldman Sachs Group Inc. (NYSE:GS) and Advent International, a private equity firm, agreed upon to purchase credit-reporting firm TransUnion Corp in a $3 billion deal. However, the terms of this deal were undisclosed.
Advent and GS will acquire TransUnion from Chicago-based billionaires– Madison Dearborn Partners and the Pritzker family. The acquisition will enable the acquiring companies to retain TransUnion's management team. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Jumps On Greek Bailout Concerns

Posted: 21 Feb 2012 05:00 AM PST

02/21/12 The US dollar advanced this morning on risk aversion as skepticism grows concerning Greece’s second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Now S&P Doubtful Over PartnerRe

Posted: 21 Feb 2012 09:55 AM PST

Last week, PartnerRe Ltd. (NYSE:PRE) witnessed rating downgrade on its credit and financial strength from Standards & Poor's (S&P) Ratings based on the severe catastrophe (CAT) losses incurred by the company in 2011 that has led to sluggishness in operating performance.
Accordingly, S&P slashed PartnerRe's credit and financial strength ratings by a nick to "A-" from "A", while its preferred stock rating was lowered to "BBB" from "BBB+". Besides, the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medtronic Meets, Core Biz Disappoints

Posted: 21 Feb 2012 09:55 AM PST

Medtronic Inc. (NYSE:MDT) reported an adjusted EPS of 84 cents in the third quarter of fiscal 2012, in line with the Zacks Consensus Estimate, but a couple of cents behind the year-ago quarter.  
Revenues were $4.029 billion in the quarter, at par with the Zacks Consensus Estimate.  However, after adjusting for revenues from the Physio-Control business, which is now treated as discontinued operations, revenues came in at $3.918 billion, up 2% year over year (1% at constant exchange rates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SanDisk Widens Presence In SSD

Posted: 21 Feb 2012 09:30 AM PST

Flash memory storage vendor SanDisk Corp. (NASDAQ:SNDK) recently acquired FlashSoft Corp., a technology start-up providing flash memory software solutions. The acquisition will allow SanDisk to strengthen its position in the enterprise market for solid state disk drive (SSD) storage. Financial details of the transaction were kept confidential.
FlashSoft's caching software products help in speeding up server performance using flash memory. Its product allows users to deploy cache for many virtual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Bailout Bullish For Precious Metals And Natural Resources

Posted: 21 Feb 2012 09:23 AM PST

The Chinese Ideographs for crisis is a two edged sword.  One blade is pointed upward to forecast opportunity, the other symbol is pointed downward to signify danger.  The short term deflationary crisis in 2011 provided a unique opportunity to buy undervalued miners at historic bargain basement prices.
In 2012 the market metrics have been directed upwards for gold (GDX), silver(SIL), uranium(URA) and rare earth miners(REMX).  There is an old truism that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DELL Inc.

Posted: 21 Feb 2012 09:20 AM PST

Dell Inc. (NASDAQ:DELL) is scheduled to announce its fourth quarter 2012 results on February 21, 2012 and the modest revision in the analysts' estimates reflect changes in the company's future business prospects.
Third Quarter Overview
The company reported decent third quarter 2012 results, with EPS of 54 cents beating the Zacks Consensus Estimate of 47 cents.
Revenues in the third quarter were $15.4 billion, which remained almost flat year over year. We believe that lower demand for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Invisible Shadow Hangs Over Mortgage Business

Posted: 21 Feb 2012 09:06 AM PST

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


French Ban Puts MON810 In A Fix

Posted: 21 Feb 2012 09:00 AM PST

Troubles cloud over Monsanto Company's (NYSE:MON) European operations, as the French government expressed its intention to continue its ban on the genetically modified (GM) corn crops in 2012.
Despite a ruling from France’s top administrative court–ordering the lifting of the ban in November 2011– France intended to maintain its ban on the domestic cultivation of genetically-modified corn MON810 in 2012 on strong environmental issues.  Keeping up with this intent, Environment Ministry of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Turkey Keeps Benchmark Rate At 5.75%

Posted: 21 Feb 2012 08:56 AM PST

The Central Bank of the Republic of Turkey kept its benchmark 1-week repo rate unchanged at 5.75%.  The Bank cut the lending rate 100bps to 11.50% and the interest rate on borrowing facilities for primary dealers 100bps to 11.00%, and lending rate on late liquidity 100bps to 14.50%.  The Bank said: “Recent data releases confirm that the rebalancing between the domestic and external demand is ongoing as envisaged. Final domestic demand is decelerating while the contribution … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral Rating Affirmed For IFF

Posted: 21 Feb 2012 08:40 AM PST

 
We recently maintained a Neutral recommendation on New York-based, International Flavors & Fragrances Inc. (NYSE:IFF).
The company is a creator and manufacturer of fragrance and flavor products. Its operations are carried out primarily in the United States and also internationally. Reviving global economy seems to spur consumer spending which we believe will be a growth driver for the flavors and fragrances industry.
Recently, IFF reported its fourth quarter financial results posting an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Edge Higher, Dow Tops 13K

Posted: 21 Feb 2012 08:30 AM PST

02/21/12 The major stock averages opened in positive territory to trade mixed following the second Greek bailout package. The Dow topped the 13,000 level for the first time since May … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Broadcom Acquires NetLogic

Posted: 21 Feb 2012 08:25 AM PST

Broadcom Corp. (NASDAQ:BRCM) recently announced that it has completed the acquisition of NetLogic Microsystems, Inc. (NASDAQ:NETL) at $3.7 billion, as decided on September 12, 2011.
NetLogic is a global fabless semi-conductor company, selling networking processors and integrated circuits. Its solutions are primarily used as high-performance systems in switches, routers, wireless base stations, security appliances and other various connected media components produced by original equipment manufacturers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Gets A Boost From The EU Kicking The Can Down The Road

Posted: 21 Feb 2012 08:18 AM PST

Tuesday, February 21, 2012
Gold futures continue to display solid, bullish fundamentals as both a risk aversion and an inflation play. The news that Indian imports are slated to weaken is a bit disappointing from a physical demand standpoint, but it does appear that China will pick-up some of the slack. Technically, Gold needs to convincingly break through the 1748.00 level to gain momentum. Some traders may perhaps with to consider entering into a long April micro/mini/full-sized Gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Sales Boosts Home Depot’s 4Q

Posted: 21 Feb 2012 08:15 AM PST

The world’s largest home improvement retailer, The Home Depot Inc. (NYSE:HD) delivered yet another better-than-expected quarterly result. The company's earnings of 50 cents per share for fourth quarter fiscal 2011 climbed nearly 39% from the prior-period earnings of 36 cents, primarily driven by solid comparable sales growth and strong operating performance. Quarterly earnings also surpassed the Zacks Consensus Estimate of 42 cents per share.
Moreover, the quarterly results were amplified by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bankers’ Favorite Games: We’re Being Played

Posted: 21 Feb 2012 07:30 AM PST

War. Street hockey. Hide the belt. Kick the can. Flipping cards.
The games of my youth growing up in my neighborhood section of Boston provide very fond memories. The best part of these games was the simple fact that everybody was included, the rules were clear cut, and the older kids looked out for the little guys.
In a manner of speaking, the central bankers of today are similarly engaged in a few different games? What are the games being played on both sides of the Atlantic? Kick the can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rallies Above $105 On Iranian Concerns

Posted: 21 Feb 2012 07:00 AM PST

02/21/12 Front month crude prices were rallying above $105 this morning following renewed Iranian threats to pre-empt an EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Bailout Lifts, Then Drops Stocks

Posted: 21 Feb 2012 06:15 AM PST

02/21/12 An initial jump in stocks as Greece received its second bailout soon fizzled as investors were quick to take profits while questions arose concerning the durability of the latest fix for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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