Tuesday, February 14, 2012

DailyMarkets.com - Elan’s 4Q Loss Wider Than Expected

DailyMarkets.com - Elan’s 4Q Loss Wider Than Expected

Elan’s 4Q Loss Wider Than Expected

Posted: 14 Feb 2012 07:50 AM PST

Elan Corporation's (NYSE:ELN) loss of 10 cents per share (excluding special items) for the fourth quarter of 2011 was wider than the Zacks Consensus Estimate of a loss of 3 cents per share. Fourth quarter 2011 revenues increased 18% from the year-ago figure to $271.0 million. The Zacks Consensus Estimate was $283 million. The increase was primarily attributable to strong sales of Tysabri.
The company suffered an adjusted loss of 3 cents in the year-ago quarter. Full year loss of 15 cents was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Widens At Theravance, Rev Dips

Posted: 14 Feb 2012 07:40 AM PST

Theravance Inc.'s (NASDAQ:THRX) fourth quarter 2011 loss per share of 45 cents was wider than the Zacks Consensus loss Estimate of a loss of 39 cents as well as the year-ago loss of 25 cents per share. The wider loss was attributable to lower revenues as well as increased research and development (R&D) expenses.’
The Quarter in Detail
Revenues for the quarter primarily consisted of the amortization of deferred revenues received under the company's collaborations with Astellas Pharma and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Defense Pullback In 2013 Budget

Posted: 14 Feb 2012 07:25 AM PST

On Monday, President Obama submitted the fiscal 2013 U.S. budget proposal to the Congress. The lackluster budget of the election year carries plenty of reasons for deep furrows in defense primes.
The U.S. economic fundamentals are basically kept on a leash as the Euro-crisis continues to cast its spell over financial markets, keeping recessionary risks in the U.S. a real possibility, though the threat has abated somewhat in the recent past. Per the Bureau of Economic Analysis, in December 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Cost Hurts Avon’s 4Q Result

Posted: 14 Feb 2012 07:25 AM PST

Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2011 adjusted earnings of 39 cents a share, missing the Zacks Consensus Estimate of 51 cents a share. Moreover, the results decreased over 51% from the year-ago earnings of 59 cents a share, primarily due to higher cost inflation coupled with increased operating expenses. On a reported basis, including one-time items, earnings fell 100% to zero cents per share compared with earnings of 50 cents in the year-ago quarter.
For full fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD In Up And Down Day. GBPUSD Pressured On Warning. USDJPY Moves Higher On BOJ QE

Posted: 14 Feb 2012 07:21 AM PST

Forex Trading: GBPUSD Tests Support Trend Line

Posted: 14 Feb 2012 07:21 AM PST

The GBPUSD is testing the support trendline at the 1.5672 level. The GBPUSD has had a down/up/down day today.   Moody's warned the UK that their AAA rating might be in jeopardy as a result of debt concerns.  This led to the early pressure in the Asian session.  It rallied in the London morning session in sympathy with the EURUSDs rise. The NY session so far has seen the downside reestablished.   Nevertheless, the support against the trendline should slow the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Boom Energizing The Chemical Industry

Posted: 14 Feb 2012 07:19 AM PST

From National Public Radio:

“U.S. chemical companies are the latest beneficiaries of the nation’s natural gas drilling boom. Long focused on cheap gas sources elsewhere in the world, companies are now looking to expand here. A surplus of natural gas has pushed down prices, making it more attractive for chemical companies that use lots of gas to reopen shuttered plants and build new ones.
 
“We wouldn’t have to go back very far — literally just seven or eight years — and the picture … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Santorum Is Now Leading Romney In The Polls, But Romney Is Still Way Ahead On Intrade: 4.5-to-1

Posted: 14 Feb 2012 07:06 AM PST

The most recent Real Clear Politics polling average is showing Santorum (30.2%) with a 1.6% lead over Romney (28.6%), while the Intrade odds aren’t even close: Romeny’s odds are 75.5% and Santorum is at 16.5% (see chart above), meaning that Romney is a still a 4.5-to-1 favorite over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Beats; All Segments Impress

Posted: 14 Feb 2012 07:05 AM PST

Watson Pharmaceuticals Inc.’s (NYSE:WPI) fourth quarter 2011 earnings (excluding special items) of $1.77 per share surpassed the Zacks Consensus Estimate by a couple of cents and the year-ago earnings by 84 cents. The 2011 earnings of $4.77 per share also beat the Zacks Consensus Estimate of $4.76 and the year-ago earnings of $3.42 per share.
Higher revenues and lower research and development (R&D) expenses helped boost earnings in both fourth quarter and full year 2011.
Revenues for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Don’t Call It A Comeback (Yet): U.S. Dollar Rebound Back On Track

Posted: 14 Feb 2012 06:58 AM PST

Fundamental Headlines
- Retail Sales in U.S. Rise, Below Forecasts – Bloomberg
- U.S. Volcker Rule Faces Harsh Critics as Date Nears – Bloomberg
- Moody's Warns May Cut AAA-Rating for U.K. and France – Reuters
- Greek Economy Shrinking Rapidly – WSJ
- Obama Seeks New Taxes on Rich – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets took a step backwards in the overnight, erasing yesterday's gains following the Greek parliament passing the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

When Rating Downgrades Don’t Matter

Posted: 14 Feb 2012 06:50 AM PST

Moody's (NYSE:MCO) downgrade appears to have had little impact on Italy's borrowing costs, as the country held a successful bond auction today where yields fell. Spain also suffered a downgrade from Moody's and experienced a similar rate contraction. This appears to be becoming a trend now, with the bond market paying little attention to sovereign ratings downgrades.
We saw that with the Standard & Poor's downgrade of the U.S. rating last summer and a number of European credits a month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Masco Reports Broader Loss

Posted: 14 Feb 2012 06:50 AM PST

Masco Corporation (NYSE:MAS) reported a broader loss of 9 cents per share in the fourth quarter of 2011 compared with 8 cents per share in the fourth quarter of 2010 (all excluding special items) and the Zacks Consensus Estimate of a loss of 3 cents per share. Including the special items, the company's loss was $1.42 per share in the quarter under study compared with $2.92 per share in the fourth quarter of 2010.
The company's results were adversely affected by volatility in costs, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Rise At Charles River

Posted: 14 Feb 2012 06:40 AM PST

Charles River Laboratories International Inc. (NYSE:CRL) reported fourth quarter 2011 earnings (excluding special items) of 69 cents per share, much above the Zacks Consensus Estimate of 56 cents, and 15% above the year-ago earnings of 60 cents. The earnings benefited from share repurchases.
Quarterly revenue of $291.0 million, up 3.3% year over year, was driven by higher sales in the Research Models and Services ("RMS") segment and was partially offset by a decline in the Preclinical Services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sensient Edges Out Estimates

Posted: 14 Feb 2012 06:21 AM PST

The Milwaukee, Wisconsin-based Sensient Technologies Corporation (NYSE:SXT) reported fourth quarter 2011 earnings of 57 cents per share edging out the Zacks Consensus Estimate by a penny and surging 9.6% from the year-ago level of 52 cents. Reported earnings include a charge of 7 cents pertaining to a cost reduction plan and a gain of 7 cents per share related to the acquisition of Les Colorants Wackherr do Brasil. In fiscal 2011, earnings came in at $2.41 per share versus $2.17 in the prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Chesapeake Energy, Priceline.com Incorporated

Posted: 14 Feb 2012 06:21 AM PST

    Share prices of Complete Genomics Inc. (GNOM) surged 41.64% to close at $4.66 after the genetic-analysis company signed a contract with Mayo Clinic to provide genome sequencing

    Online travel booking company Priceline.com Inc’s (NASDAQ:PCLN) share prices gained 4.79% to end the day at $571.15,after analysts cited of an improved business prospect in Europe

    Share prices of Chesapeake Energy Corp (NYSE:CHK) rose 2.39% after the oil and gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicom Beats By A Penny

Posted: 14 Feb 2012 06:06 AM PST

Omnicom Group Inc. (NYSE:OMC) posted decent operating results for the fourth quarter and fiscal 2011 on February 14, 2012.
Omnicom's net income in the quarter grew 10.3% year over year to $271.9 million from $246.5 million in the fourth quarter of 2010. Diluted earnings per share (EPS) expanded by 15.7% from 83 cents in the year-ago quarter to 96 cents in the reported quarter. EPS also beats the Zacks Consensus Estimate by a penny.
For FY11, Omnicom’s diluted earnings per share increased 23.3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fidelity Beats By A Penny

Posted: 14 Feb 2012 05:51 AM PST

Fidelity National Information Services Inc. (FIS) reported fourth quarter 2011 earnings of 66 cents per share, which beat the Zacks Consensus Estimate by a penny. The better-than-expected result was driven by strong top-line growth during the quarter.
Quarter Details
Revenue in the fourth quarter climbed 7.0% year over year to $1.49 billion and was in line with the Zacks Consensus Estimate. Revenue increased 4.9% on an organic basis, driven by strong results from Financial Solutions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LPS Beats Consensus, Lags Y/Y

Posted: 14 Feb 2012 05:35 AM PST

Lender Processing Services Inc. (NYSE:LPS) reported fourth-quarter 2011 adjusted earnings per share of 72 cents, which surpassed the Zacks Consensus Estimate of 57 cents as well as its own guidance range of 57 cents to 59 cents. However, the earnings per share fell sharply from the year-ago level of 92 cents. In full-fiscal 2011 also, adjusted earnings fell to $2.68 from $3.50 in 2010.
On a GAAP basis, loss per share was 25 cents, down from the earnings of 78 cents recorded in the year-earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Mgmt. Beats Estimates

Posted: 14 Feb 2012 05:25 AM PST

Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals, reported fourth quarter and fiscal 2011 earnings per share of 26 cents and 86 cents, respectively, beating the corresponding Zacks Consensus Estimate of 20 cents and 80 cents and surpassing the year-ago earnings per share of 16 cents and 65 cents, respectively.
Net income from continuing operations dropped 22.1% year over year to $32.1 million (or 13 cents per share). Consolidated net income rose 9.5% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rebounds Overnight On Italy Auction. BOJ Adds Liquidity. Moody Downgrades.

Posted: 14 Feb 2012 05:18 AM PST
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