Friday, February 17, 2012

DailyMarkets.com - Equinix Reports Mixed 4Q

DailyMarkets.com - Equinix Reports Mixed 4Q

Equinix Reports Mixed 4Q

Posted: 17 Feb 2012 08:05 AM PST

Equinix Inc.(NASDAQ:EQIX) reported fourth quarter 2011 earnings per share of 38 cents, well below the Zacks Consensus Estimate of 44 cents.
Revenues
Revenues in the reported quarter were $431.3 million, up 24.9% from the year-ago quarter. Revenue in the quarter included a contribution of $17.3 million from ALOG (ALOG acquisition was completed in April 2011). The company is experiencing improvement in business activity across all its segments, largely driven by the strong demand for Equinix Platform … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TowerJazz Targets $200 Million Quarterly Revenue Run Rate

Posted: 17 Feb 2012 08:00 AM PST

TowerJazz Targets $200 Million Quarterly Revenue Run Rate
Ken Nagy, CFA

On February 16, 2012, Tower Semiconductor Ltd. (NASDAQ:TSEM), the Israel based global specialty foundry leader, reported financial results for its fiscal 2011 fourth quarter and full year, ended December 31, 2011.

The Company reported fourth quarter revenues of $174.584 million, up 29% year over year but down $1.528 million sequentially from $176.112 million for the three months ended September 30, 2011.

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

DDR Reports In Sync With Estimates

Posted: 17 Feb 2012 07:50 AM PST

DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), reported fourth quarter 2011 FFO (fund from operations) of $47.4 million or 17 cents per share compared to a FFO loss of $37.0 million or 14 cents per share 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.
Excluding non-recurring items totaling $24.7 million primarily related to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Frontier Beats, Cuts Dividend

Posted: 17 Feb 2012 07:35 AM PST

The rural telecommunications service provider Frontier Communications (NYSE:FTR) reported fourth quarter adjusted earnings of 7 cents per share. The quarter's results were above both the Zacks Consensus Estimate and the year-ago earning by 2 cents.
Adjusted earnings exclude acquisition and integration costs of $42.2 million related to the integration of the operations acquired from Verizon Communications' (NYSE:VZ) fixed-line business and $1.1 million in severance and early retirement costs (a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Tests 200 Hour MA

Posted: 17 Feb 2012 07:21 AM PST

The USDCHF has been in a narrow range consolidation range after the sharp move lower yesterday found support buyers between the 100 and 200 hour MA (blue and green lines in the chart above).  Today the price has been mainly confined by those two moving averages once again.  There were a couple bars which closed above the 100 hour MA, but the midpoint of the weeks range was another hurdle on the topside. Now the price is testing support against the 200 hour MA. On a break, traders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MEMC Incurs Loss On Low Chip Demand

Posted: 17 Feb 2012 07:20 AM PST

MEMC Electronic Materials Inc. (NYSE:WFR) reported fourth-quarter 2011 adjusted net loss per share of 9 cents, which was better than the Zacks Consensus Estimate of 14 cents loss per share. The loss was due to lower wafer volume and pricing as well as restructuring charges. The ongoing weakness in semiconductor and solar chip demand is taking a toll on the quarter's results.
The adjusted figure excludes the impact of restructuring charges, goodwill impairment charges and other non-operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pool Posts Narrower Loss In Q4

Posted: 17 Feb 2012 07:15 AM PST

Pool Corp.'s (NASDAQ:POOL) fourth quarter 2011 loss per share of 21 cents bettered the Zacks Consensus Estimate of 22 cents loss per share and the year-ago loss of 24 cents. The outperformance was mainly driven by solid top-line growth. In fiscal 2011, earnings were $1.47 versus $1.15 in 2010.
Net sales in the reported quarter jumped 12% year over year to $270.4 million. Net sales for 2011 increased 11% year over year to $1.79 billion.
Inside the Headline Numbers
Overall Base business sales of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nexen Beats Earnings, Rev Est.

Posted: 17 Feb 2012 07:05 AM PST

Nexen Inc.'s (NYSE:NXY) fourth-quarter 2011 adjusted income from continuing operations of 66 US cents per share (68 Canadian cents) beat the Zacks Consensus Estimate of 41 US cents and an income of 40 US cents (41 Canadian cents)  in the year-earlier quarter. 
 
For full-year 2011, Nexen reported income from continuing operations of 69 US cents per share (70 Canadian cents), which lagged the Zacks Consensus Estimate of 1.71 US cents and 86 US cents earned in the prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss At BioMarin Wider Than Expected

Posted: 17 Feb 2012 06:59 AM PST

BioMarin Pharmaceutical Inc.'s (NASDAQ:BMRN) fourth quarter 2011 loss of 23 cents per share was wider than the Zacks Consensus loss estimate of 11 cents per share. The wider-than-expected loss was attributable to increased operating expenses which more than mitigated the rise in revenues. The company reported break-even earnings in the year-ago quarter.
The Fourth Quarter in Details
Total revenues climbed 6.1% to $107.8 million in the reported quarter. Revenues fell short of the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabela’s Beats, Eyes Expansion

Posted: 17 Feb 2012 06:59 AM PST

Cabela's Inc. (NYSE:CAB), one of the leading specialty retailers of hunting, fishing, camping, and related outdoor merchandise, delivered better-than-expected fourth-quarter 2011 results. The results were backed by healthy performance of retail stores, strong growth at financial services division and elevated merchandise gross margin.
The quarterly earnings of $1.06 a share surpassed the Zacks Consensus Estimate of 99 cents a share and jumped 23.3% from 86 cents delivered in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strayer Tops, Enrollment Falls

Posted: 17 Feb 2012 06:59 AM PST

Strayer Education, Inc. (NASDAQ:STRA), a for-profit education company, recently posted fourth-quarter 2011 results. The quarterly earnings of $2.30 per share topped the Zacks Consensus Estimate of $2.26, but plunged 16% from $2.73 in the year-ago quarter. 
Management had earlier forecasted fourth quarter earnings between $2.24 and $2.26 per share.
Total revenue for the quarter dropped 9% from the prior-year quarter to $155.8 million, attributable to fall in enrollment, partially offset by a 5% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Advance America, Cash Advance Centers, Baidu.com, Blue Nile, J.M. Smucker Company, TRW Automotive Holdings, Valassis Communications

Posted: 17 Feb 2012 06:59 AM PST

    Chinese-language Internet search provider Baidu.com (NASDAQ:BIDU) posted its fourth-quarter revenue and profit numbers that came in above the Street’s estimates

    Shares of supplier of automotive systems TRW Automotive Holdings Corp. (NYSE:TRW) gained 14.37% after the company’s fourth quarter profit topped expectations

    Share prices of J.M. Smucker Co. (NYSE:SJM) declined 8.38% after the coffee maker lowered its earnings outlook for fiscal 2012. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energy Transfer Misses

Posted: 17 Feb 2012 06:59 AM PST

Pipeline operator Energy Transfer Partners L.P. (NYSE:ETP) announced disappointing fourth quarter and full year 2011 results, hurt by weak Intrastate Transportation and Storage business and higher operating expenses.
The owner of the biggest intrastate pipeline system in Texas reported earnings per unit of 41 cents, down 36.9% from 65 cents in the prior-year quarter. The results were way below our earnings estimate of 67 cents.
For full-year 2011, the company posted earnings of $1.10 per unit, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed Views Justified By Econ Reports

Posted: 17 Feb 2012 06:59 AM PST

Stocks will likely take a breather today following the strong gains on Thursday that helped them reach new highs. The Thursday gains followed a slew favorable domestic economic reports and renewed optimism on the Greek bailout issue.

This morning's benign inflation reading and reports of Congressional agreement to extend the payroll tax cut may not be enough power stocks higher. But this rally defied predictions thus far, so I wouldn't be overly surprised if stocks start heading higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Telus Misses Estimates, Grows Y/Y

Posted: 17 Feb 2012 06:59 AM PST

The second largest Canadian telecommunications company, Telus Corporation (NYSE:TU) reported fourth quarter 2011 adjusted earnings per ADS of 75 cents (C$0.73 per share), missing the Zacks Consensus Estimate by 4 cents. Adjusted earnings increased 11.9% from C$0.67 in the year-ago quarter.
Adjusted earnings per share excluded an income tax benefit of 3 Canadian cents and investment impairments of 2 Canadian cents. In fiscal 2011, adjusted earnings increased 9.9% year over year to C$3.66 ($3.7) per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Felix Zulauf, Printing Money Makes The Few Wealth, The Rest Not

Posted: 17 Feb 2012 06:21 AM PST

More comments from Felix Zulauf of Zulauf asset management. Worth a read.

Source: Rally Will End in March, No QE3 Soon

Extract…

The rise in risk assets will last until the end of the first quarter, then declines eventually
will set in.

And while he doesn't see an immediate third round of easing by the U.S. Federal Reserve, known as QE3, monetary authorities here and in Europe are likely to continue to print money to stave off deflation, which will in the end mean higher prices for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Potential Rebound In U.S. Cotton Production May Keep Price Rallies In Check

Posted: 17 Feb 2012 06:18 AM PST

Friday, February 17, 2012
A quick look at the daily chart for May Cotton shows solid resistance just below the 100.00 level. Given the bearish fundamentals and fairly strong technical resistance, some traders may wish to explore selling out-of-the-money calls in Cotton futures options with a strike price above the 100.00 resistance level. For example, with May Cotton trading at 93.38 as of this writing, the May 101 calls could be sold for 1.10, or $550 per option, not including commissions. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Chops Around. Tests Days Midpoint And Intraday 100 Bar MA

Posted: 17 Feb 2012 06:18 AM PST

Better UK retail sales sent the GBPUSD higher but choppy action has taken charge. The pair is back at the days midpoint a tthe 1.58243 level and the 100 bar MA on the 5 minute chart is close by at the 1.5920 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Holds On The First Test Of Key Resistance

Posted: 17 Feb 2012 06:18 AM PST

The one thing to consider with this key level is the low to high trading range for the EURUSD is still at a very narrow level at 75 pips. As a result, the market has some room to roam on a break higher. The 1.3115 is the next target above (high from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Inflationary Pressures Were Falling At Year-End

Posted: 17 Feb 2012 06:10 AM PST

The chart above (click to enlarge) shows some interesting data from Table 2 in today’s CPI report on seasonally adjusted, annualized inflation rates for the three and six month periods ending July 2011 compared to comparable periods ending January 2012.  For example:

1. For the six month period ending July 2011, the annualized inflation rate for CPI: All Items was 4.1%, and that fell to only 1.8% for the six month period ending last month.

2. For the three month period ending July 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valmont Beats Estimates

Posted: 17 Feb 2012 05:50 AM PST

Valmont Industries Inc. (NYSE:VMI), a leading producer of engineered products, posted fourth-quarter 2011 net earnings of $1.83 per share, up 38% from last year's $1.32. Results beat the Zacks Consensus estimate of $1.66 per share.
Quarterly revenues, however, jumped 25.7% year over year to $752.7 million. The fourth-quarter results were driven by a significant growth in Irrigation Segment sales, increased revenue in every segment and strong market fundamentals.
In fiscal 2011, revenue was $2.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Mixed Bag For Leap Wireless

Posted: 17 Feb 2012 05:35 AM PST

Yesterday after market close, Leap Wireless International Inc. (NASDAQ:LEAP) declared mixed financial results for the fourth quarter of 2011. During 2011, the company restructured its business models through which it has given maximum emphasis to the high ARPU (average revenue per user) generating smartphone customers, while shedding less profitable wireless broadband subscribers as these users generally place huge load on its network.
However, the major concern for Leap Wireless is the intensely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold TVIX @ $17.50 Pre-market

Posted: 17 Feb 2012 05:31 AM PST

With the stock market breaking out unexpectedly to new highs yesterday I have become wary of what will come next. I sold my position in VelocityShares 2X VIX ETN (TVIX) in the pre-market this morning for $17.50. At this point I plan to just sit back and watch the incredible show until I can find an edge to re-enter TVIX again.

My TSI Trading record has been updated.

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

JWN Tops 4Q, Posts Record ’11 Sales

Posted: 17 Feb 2012 05:20 AM PST

Nordstrom Inc. (NYSE:JWN) posted earnings growth of 6.7% to reach $1.11 a share in the fourth quarter of fiscal 2011 from $1.04 per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate by a penny. The strong quarterly performance was primarily driven by a double-digit growth in total revenue.
Quarterly Details
Nordstrom's same-store sales and top-line trends were also encouraging for the quarter. Total revenue grew 12% to $3,266 million from $2,916 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Advances On Better Retail Sales. USDJPY Continues Advance Higher

Posted: 17 Feb 2012 05:18 AM PST

Taxes: Is It True That Moving Expenses Are NOT Deductible?

Posted: 17 Feb 2012 05:15 AM PST

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


Crude Oil Aims Higher On Improving Demand Bets, Gold Eyes US CPI

Posted: 17 Feb 2012 01:40 AM PST

Talking Points

Crude Oil, Copper Aim Higher as Improving US Data Boosts Demand Outlook
Gold, Silver Look to US Inflation Report as QE3 Expectations Remain in Focus

Crude oil prices rose to the highest in over a month yesterday after a broadly supportive set of US economic data bolstered the demand outlook in the world's largest consumer. Geopolitical jitters continued to compound upward pressure after Iran claimed a "major" breakthrough in its nuclear program after 3,000 next-generation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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