DailyMarkets.com - Earnings Scorecard: Covidien

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• Earnings Scorecard: Covidien
• Oil, Gas Rig Counts Drift Apart
• TMK Beats, Affirms 2012 Guidance
• Emerson In-Line, Optimistic Guidance
• Earnings Preview: Whole Foods
• Earnings Preview: News Corporation
• Pulling Back To The Monthly Perspective In US Stocks
• Coca Cola Exceeds Estimates
• Gentiva Beats, Reaffirms Guidance
• Harman Reports Strong 2Q
• Earnings Preview: Moody’s Corp.
• Perrigo Beats EPS, Top Line Solid
• Earnings Preview: Scripps Networks
• JOLTS: Job Openings Jump
• Pioneer Natural Resources Beats
• Badger Meter’s Profit Plunges
• How Reliable Is Insider Buying As An Indicator
• UBS Profit Dips, Outlook Bleak
• Anderson: “EU News Not Affecting Us As Much As Before”
• Earnings Preview: Akamai Tech
• Factory Jobs Downright Robust
• Earnings Scorecard: Praxair Inc.
• Anadarko 4Q Rides On Higher Volumes
• Becton Beats, Profit Drops
• Forex Trading: EURUSD Moves Above The 38.2% Of The Move Down From October
• PartnerRe Faces Drab Exit From 2011
• Central Bank Of Jordan Raises Rate 50bps To 5.00%
• SurModics Reports In-Line EPS
• Unum Reports Mixed Results
• AGNC Reports Strong 4Q Results
• US Stocks Erase Losses, Greece Talks Continue
• USDA Report, Big 2012 Loom For Corn Traders
• Forex Trading: EURUSD Looks To Test The 9 Day High
• Forex Trading: EURUSD Moves Above 1.3026 High.
• Forex Trading: USDJPY Tests Topside Trendline Target
• Forex Trading: GBPUSD Breaks Above The February High And Triggers Stops
• Will Whistleblower Protections Suffer At Hands Of Rep. Michael Grimm “Reaper” (R-NY)?
• NCR Beats Estimate In 4Q
• Crude Falls Below $97
• Greek Bailout Uncertainty Holding Down Stocks
• Risk Appetite Rises On Positive Greece Reports

Earnings Scorecard: Covidien Posted: 07 Feb 2012 11:55 AM PST Health care products major Covidien plc (NYSE:COV) started fiscal 2012 on a positive note on the back of healthy performance of its core Medical Devices division. The Ireland-based company's first-quarter fiscal 2012 adjusted earnings per share (from continuing operation) of $1.13 outstripped the Zacks Consensus Estimate of $1.03. Profit (from continuing operation) jumped roughly 14% year over year. Highlights from the Quarter Revenues rose 5% year over year to $2,898 million, missing the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil, Gas Rig Counts Drift Apart Posted: 07 Feb 2012 11:55 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of natural gas-directed rigs, partially offset by improved oil rig count. The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Nabors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TMK Beats, Affirms 2012 Guidance Posted: 07 Feb 2012 11:35 AM PST Life and health insurer, Torchmark Corp. (TMK) reported fourth-quarter 2011 operating income of $1.25 per share, up 12% year over year, led by a higher insurance underwriting income coupled with increased investment income. Lower share count compared with last year, due to share repurchases, also buoyed the bottom-line. Total insurance premium of Torchmark increased 0.7% year over year to $611.3 million, led by higher premium from the Life Insurance business partly offset by lower premium from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Emerson In-Line, Optimistic Guidance Posted: 07 Feb 2012 11:25 AM PST Emerson Electric Company (NYSE:EMR) released its first quarter 2012 earnings results, reporting earnings per share from continuing operation of 50 cents, in line with the Zacks Consensus Estimate. Earnings for the quarter were down 21.0% year over year. Profits continue to be impacted by damage caused by the Thailand floods. Total revenue was $5.3 billion, down 4% year over year. Underlying sales also declined 4% with U.S. sales down 4% and total international sales down 3%. Supply chain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Whole Foods Posted: 07 Feb 2012 11:25 AM PST Whole Foods Market Inc. (WFM), one of the leading natural and organic foods supermarkets and an S&P 500 company, will release its first-quarter 2012 financial results after the closing bell on Wednesday, February 8, 2012. The current Zacks Consensus Estimate for the quarter is 60 cents a share that reflects a growth of 17.6% from the prior-year quarter's earnings. The estimates in the current Zacks Consensus range between a low of 57 cents and a high of 62 cents a share. The Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: News Corporation Posted: 07 Feb 2012 11:09 AM PST News Corporation (NWSA), a diversified media conglomerate and an S&P 500 company, will report its second-quarter 2012 financial results on Wednesday, February 8, 2012. The current Zacks Consensus Estimate for the quarter is 34 cents a share that reflects a growth of 17.2% from the prior-year quarter's earnings. The estimates in the current Zacks Consensus range between 31 cents and 36 cents a share. The Zacks Consensus estimates revenue to be $8,927 million for the quarter under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pulling Back To The Monthly Perspective In US Stocks Posted: 07 Feb 2012 11:07 AM PST With US Equity Indexes challenging and breaking to new recovery highs, it can be helpful to take a moment to raise your perspective to the monthly chart frame. Let's take a quick look at the monthly index charts, starting with the S&P 500: The S&P 500 lags the Dow and NASDAQ at the moment, as it has not yet broken officially to new recovery highs beyond the May 2011 peak (1,370). Nevertheless, we can see the bigger picture structure over the last 15 years in the chart above. The key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca Cola Exceeds Estimates Posted: 07 Feb 2012 11:00 AM PST The Coca Cola Company (NYSE:KO) reported operating earnings per share of 79 cents per share for the fourth-quarter 2011, ahead of the Zacks Consensus Estimate of 77 cents. Operating earnings were $3.84 per share, exceeding the Zacks Consensus Estimate by 2 cents. The fourth quarter and fiscal year 2011 earnings were also higher than the prior-year EPS by 9.7% and 10.0%, respectively. In both the current and the prior-year quarters, Coca Cola was impacted by restructuring charges and costs related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gentiva Beats, Reaffirms Guidance Posted: 07 Feb 2012 11:00 AM PST Gentiva Health Services Inc. (GTIV) reported fourth-quarter 2011 adjusted operating earnings of $11.3 million or 37 cents per share, surpassing the Zacks Consensus Estimate of 31 cents. However, the income compares unfavorably with $20.9 million or 69 cents earned in the year-ago quarter. The adjusted earnings in the reported quarter exclude the impact of pre-tax charges for cost savings initiatives of $12.4 million or 24 cents per share, pre-tax charges for restructuring, legal settlements and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harman Reports Strong 2Q Posted: 07 Feb 2012 11:00 AM PST A developer of audio products and electronic systems, Harman International Industries Inc. (NYSE:HAR) reported second quarter 2012 earnings of 83 cents per share, breezing past the Zacks Consensus Estimate of 76 cents. Earnings increased 5.0% year over year from 79 cents per share. Quarter Details Revenues increased 17.9% year over year to $1.13 billion in the second quarter of 2012. Revenue also surpassed the Zacks Consensus Estimate of $1.07 billion. The strong year-over-year growth was driven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Moody’s Corp. Posted: 07 Feb 2012 11:00 AM PST Moody's Corp. (NYSE:MCO) is scheduled to release its fiscal fourth quarter 2011 results before the opening bell on February 8, 2012. In the run up to the earnings release, we have noticed upward revisions to analyst estimates. Prior quarter Recap Moody's reported third quarter 2011 earnings, which beat the Zacks Consensus Estimate of 49 cents by 8 cents (up 16.3%). Revenues in the reported quarter totaled $531.3 million, up 3.5% from $513.3 million reported in the year-ago quarter, but below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perrigo Beats EPS, Top Line Solid Posted: 07 Feb 2012 11:00 AM PST Perrigo Company (NASDAQ:PRGO) reported earnings per share of $1.20 for the second quarter of fiscal 2012, beating the Zacks Consensus Estimate of $1.16 and the year-earlier earnings of $1.05 per share. Robust top-line performance boosted earnings in the quarter. Second quarter revenues increased approximately 17% over the prior year to $838.2 million. Total revenues were also above the Zacks Consensus Estimate of $810 million. Strong performance by the Rx Pharmaceuticals and Consumer Healthcare … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Scripps Networks Posted: 07 Feb 2012 11:00 AM PST Scripps Networks Interactive Inc. (NYSE:SNI) is scheduled to release its fourth quarter 2011 results on Thursday, February 9, before the markets opens. The current Zacks Consensus Estimate for the fourth quarter stands at 81 cents, representing an annualized growth of 19.12%. With respect to earnings surprises over the trailing four quarters, Scripps Networks has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average earnings surprise of 5.02%. Third Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JOLTS: Job Openings Jump Posted: 07 Feb 2012 11:00 AM PST We just got some important details on the Jobs picture for December from the Job Opening and Labor Turnover Survey, or JOLTS report. The big employment report, like the one for January we got on Friday, only shows the net number of jobs created or lost in a given month. In any given month, the number of jobs created and lost is several orders of magnitude bigger than the net number. Even in the worst of times there are still people being hired, and even in the biggest of booms, there are still … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pioneer Natural Resources Beats Posted: 07 Feb 2012 11:00 AM PST Pioneer Natural Resources Company (NYSE:PXD) has reported fourth quarter 2011 adjusted earnings of $1.19 per share, outpacing the Zacks Consensus Estimate of $1.01. Better-than-expected results were mainly attributable to production growth in liquids-rich growth assets in Texas, Spraberry field, Eagle Ford Shale and the Barnett Shale Combo. However, the quarterly earnings showed a marked deterioration from the year-earlier adjusted income of $1.38. Revenues in the quarter shot up more than 50% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Badger Meter’s Profit Plunges Posted: 07 Feb 2012 11:00 AM PST Badger Meter Inc. (NYSE:BMI) has reported its fourth-quarter adjusted EPS of 15 cents, a substantial decline from the 42 cents in the year-ago quarter, reflecting continued weakness in its municipal water business. The EPS also fell short of the Zacks Consensus Estimate of 28 cents. The reported quarter noted expenses of 7 cents per share due to the acquisition of Racine Federation and pension curtailment cost. Including these items, EPS in the fourth quarter of 2011 were reported at 8 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Reliable Is Insider Buying As An Indicator Posted: 07 Feb 2012 10:51 AM PST I don't know whether insider buying should be considered a part of the fundamental or technical arsenal but as far as I'm concerned, it surely isn't a very reliable indicator to use when deciding whether to buy a stock or … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UBS Profit Dips, Outlook Bleak Posted: 07 Feb 2012 10:25 AM PST UBS AG (NYSE:UBS) has posted a sequential as well as a year-over-year drop in profit in the fourth quarter of 2011. The company's outlook also remains subdued in light of the eurozone sovereign debt crisis, the European banking system and US federal budget deficit issues, besides uncertainty regarding the global economy. The company reported fourth quarter net profit attributable to shareholders of CHF 393 million ($428 million) or CHF 0.10 per share, down from CHF 1.0 billion or CHF 0.27 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anderson: “EU News Not Affecting Us As Much As Before” Posted: 07 Feb 2012 10:10 AM PST 02/07/12 Knight Capital Americas’ Amanda Anderson discusses the latest fundamentals and technicals affecting the broader market: EU developments, US jobs report, central bank rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Akamai Tech Posted: 07 Feb 2012 10:05 AM PST Akamai Technologies Inc. (NASDAQ:AKAM) is scheduled to release its fiscal fourth quarter 2011 results after the closing bell on February 8, 2012. In the run up to the earnings release, we have noticed positive movement in analyst estimates. Recap of Third Quarter Though Akamai's third quarter earnings missed the Zacks Consensus Estimates, EPS logged an increase of 8.7% from the year-ago quarter. The year-over-year growth was primarily driven by strong revenues; partially offset by higher expenses, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Factory Jobs Downright Robust Posted: 07 Feb 2012 09:50 AM PST In January, the US added 50,000 manufacturing jobs, the largest amount since January 2011. However, the performance is even more impressive than that would imply. Since 1990, we have only seen that level of factory job growth matched of exceeded five times — 2.3% of the time. Looking even further back to 1980, we have added 50,000 or more factory jobs in just 28 months, or 7.3% of the time. Even if we go back to 1970, we have only added that many jobs 15.0% of the time. The first graph shows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Praxair Inc. Posted: 07 Feb 2012 09:50 AM PST Praxair Inc.(NYSE:PX) missed the Zacks Consensus Estimate in its fourth-quarter 2011 results, registering a negative earnings surprise of 0.73%. However, the company's announcements during the earnings release kept us on the sidelines and we continue to hold a Neutral recommendation on the stock. Earnings Review Praxair's earnings per share in the fourth quarter were $1.36, up 9% year over year, but below the Zacks Consensus Estimate of $1.37. Top line increased by 7% on the back of increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anadarko 4Q Rides On Higher Volumes Posted: 07 Feb 2012 09:40 AM PST Anadarko Petroleum Corporation (NYSE:APC) posted net earnings from continuing operations of 85 cents per share for the fourth quarter 2011, surpassing the Zacks Consensus Estimate of 60 cents and earnings of 38 cents per share reported in the same period last year. On a GAAP basis, Anadarko reported a net loss of 72 cents per share in the fourth quarter versus the year-ago earnings of 22 cents per share. The difference between operating and GAAP earnings during the quarter was due to the impact of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Becton Beats, Profit Drops Posted: 07 Feb 2012 09:25 AM PST Becton, Dickinson and Company (NYSE:BDX) reported adjusted first-quarter fiscal 2012 earnings per share of $1.21, beating the Zacks Consensus Estimate of $1.17 but trailing the year-ago earnings of $1.35 per share. The year-over-year decline was on account of higher raw material prices, tough pricing comparisons and rising expenditures for recent acquisitions.   Net income (as reported) for the first quarter dropped 16.8% year over year to roughly $263 million (or $1.21 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Above The 38.2% Of The Move Down From October Posted: 07 Feb 2012 09:22 AM PST The 38.2% of the move down from the October high to the low in January comes in at the 1.32429 level. Thehigh at the end of January stalled at 1.3226. Today, the level was breached and the price has since moved above the 38.2% retracement at the 1.32429 level.  A close above this level will be eyed. If it can close above, traders will be looking toward the 100 day MA at the  1.3336 level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PartnerRe Faces Drab Exit From 2011 Posted: 07 Feb 2012 09:06 AM PST PartnerRe Ltd.'s (NYSE:PRE) fourth-quarter 2011 operating loss per share of $2.06 came in slightly lower than the Zacks Consensus Estimate of a loss of $2.10 but significantly lagged behind the earnings of $1.33 recorded in the year-ago quarter. As a result, operating loss substantially plunged to $137.7 million from an income of $98.8 million in the prior-year quarter. Operating earnings were calculated after payment of preferred dividends. This also excluded after-tax net realized and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Jordan Raises Rate 50bps To 5.00% Posted: 07 Feb 2012 09:02 AM PST The Central Bank of Jordan raised its key monetary policy interest rates by 50 basis points.  The following rates were affected:  the overnight deposit window rate will go up to 2.75% from 2.25%, the overnight repurchase agreement rate will increase to 4.75% from 4.25%, and the rediscount rate will go up to 5.00% from 4.50%.  The Bank said: “This action aims at supporting monetary stability by curbing expected inflationary pressures and ensuring a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SurModics Reports In-Line EPS Posted: 07 Feb 2012 09:00 AM PST SurModics Inc.'s (NASDAQ:SRDX) first quarter fiscal 2012 (ended December 31, 2011) earnings from continued operations (excluding special items) of 11 cents per share were in line with the Zacks Consensus Estimate. The company earned 8 cents per share on an adjusted basis in the year-ago quarter. Higher year over year earnings were primarily attributable to increased adjusted revenues. Quarter in Details Adjusted revenues climbed 13.6% year over year to $11.73 million in the reported quarter, just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unum Reports Mixed Results Posted: 07 Feb 2012 09:00 AM PST Unum Group (NYSE:UNM) reported fourth-quarter operating income of 78 cents per share, surpassing the Zacks Consensus Estimate by 3 cents. Results compare favorably with 66 cents earned in the prior-year period. Operating income was $227.6 million in the quarter, up 9.1% from $208.6 million in fourth-quarter 2010. Strong performance at Unum US, Unum UK and Colonial Life led to better-than-forecast results. Share repurchases also aided the bottom line. Including impairment and reserve charges for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AGNC Reports Strong 4Q Results Posted: 07 Feb 2012 08:25 AM PST American Capital Agency Corp. (NASDAQ:AGNC), a real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), reported earnings of $208.7 million or $0.99 per share during fourth quarter 2011, compared with $138.1 million or $2.50 in the year-earlier quarter. The decrease in quarterly earnings per share (EPS) is primarily due to higher number of weighted average shares in fourth quarter 2011 compared to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Erase Losses, Greece Talks Continue Posted: 07 Feb 2012 08:20 AM PST 02/07/12 US stocks turned higher in mid-morning trade, following mixed earnings reports. Focus remained on Athens as Greek officials continued negotiations over securing rescue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USDA Report, Big 2012 Loom For Corn Traders Posted: 07 Feb 2012 08:18 AM PST Tuesday, February 7, 2012 Thursday’s USDA supply and demand report will likely set the tone for the grain markets in the near-term. On one hand, the report is forecast to show a downward revision in world supply due to South American growing conditions. On the other hand, early projections for US acreage suggest that every acre available will be put to use, which could result in a near-record crop. Technically, the chart is giving mixed signals. The market has moved above the major moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Looks To Test The 9 Day High Posted: 07 Feb 2012 08:18 AM PST The EURUSD is moving closer and closer to the 9 day high at the 1.3226 level.   Traders who are long will likely sell against the level but a move above should not be faded.  The price has been in a 201 pip trading range for the last 9 days of trading. The price has been buoyed by the apparent agreement within the Greek coalition. This will free up 130 billion tranche from the EU/IMF which will allow for the interest payment due in March.  Support at eh 1.3176-84 level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Above 1.3026 High. Posted: 07 Feb 2012 08:18 AM PST Looking for momentum to keep the bulls in charge. The 1.32235 is the next hurdle followed by  1.3260. The 1.3206  and 1.3200 are support levels off trend lines in the chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Tests Topside Trendline Target Posted: 07 Feb 2012 08:18 AM PST … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Breaks Above The February High And Triggers Stops Posted: 07 Feb 2012 08:18 AM PST The 50% of the move down from the August 2011 high comes in at the 1.5924 level. This is the next target for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Whistleblower Protections Suffer At Hands Of Rep. Michael Grimm “Reaper” (R-NY)? Posted: 07 Feb 2012 08:14 AM PST Representative Michael Grimm (R-NY) was ceremoniously inducted into the Sense on Cents Hall of Shame in May 2011. Not that I ever believed there was reason to doubt his induction, but recently I witnessed further reason to cement his status in the elevated ranks of shame. As regular readers are fully aware, I write passionately about pursuing the truth while promoting investor education and investor protection. The history of the last few years has shown that the financial services industry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Beats Estimate In 4Q Posted: 07 Feb 2012 08:06 AM PST NCR Corp. (NYSE:NCR) posted fourth quarter 2011 earnings per share of 65 cents, beating the Zacks Consensus Estimate of 57 cents. Revenue NCR Corp. reported revenues of $1.64 billion in the fourth quarter, up 16.7% from $1.40 billion in the year-ago quarter. Financial services generated revenue of $908.0 million in the reported quarter, up 16.0% year over year. Global orders grew 24% annually and helped the company maintain a strong backlog entering into 2012. Retail solutions revenue declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Falls Below $97 Posted: 07 Feb 2012 07:00 AM PST 02/07/12 Ongoing Greek debt talk concerns led the way for front month crude prices to fall below $97 a barrel this morning as the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Bailout Uncertainty Holding Down Stocks Posted: 07 Feb 2012 01:15 AM PST 02/07/12 Global stocks extended their losses this morning amid growing uncertainty over Greek debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk Appetite Rises On Positive Greece Reports Posted: 06 Feb 2012 10:00 PM PST 02/07/12 The euro has returned to positive territory this afternoon on reports Greek government officials are putting together a detailed final contract on measures needed to avoid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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