DailyMarkets.com - FMD: Second Quarter

---

• FMD: Second Quarter
• EA Releases Mass Effect 3 Demo
• Hasbro Busy With Gaming Deals
• AngioDynamics’ NeverTouch Kit OK’d
• Another Original Series On Netflix
• Analyst Interviews: Publishing Industry Stock Review
• Vodafone Eyeing Cable & Wireless
• Italian Problem For Lockheed F-35
• Polcari: “Mixed Bag Today…our Economy Continues To Struggle”
• FMC Tech Hamstrung By Project Costs
• SCANA Misses EPS, Rev Est
• WPPGY On Expansion Spree
• Watsco Tops EPS, Misses Sales
• Mack-Cali Marginally Beats
• America Movil Reports A Mixed Bag
• A Pekingese Or A Beijingese?
• Forex Trading: USDJPY Has Support At The 78.16-18 Level
• Forex Trading: EURUSD On The 38.2 Of The Move Up From 2012 Low
• Earnings Preview: DIRECTV
• Iran Halts Exports, Oil Rallies Above $102

FMD: Second Quarter Posted: 15 Feb 2012 11:55 AM PST FMD: Second Quarter – Enhanced Clarity Ann Heffron, CFA On January 31, 2012, the The First Marblehead Company (FMD) reported its fiscal 2012 second quarter results for the period ending December 31, 2011. For the quarter, FMD recorded a net loss from education financing of $3.5 million, or a diluted loss per share of $0.03, including a $0.3 million gain on proceeds from the TERI settlement and a $12.5 million one-time tax benefit related to FMD's settlement with the Massachusetts Appellate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA Releases Mass Effect 3 Demo Posted: 15 Feb 2012 11:50 AM PST Electronic Arts Inc. (EA) has released the demo version of its much anticipated Mass Effect 3, which can be played on Microsoft Corp.'s (NASDAQ:MSFT) Xbox 360 gaming system, Sony Corp's (NYSE:SNE) PlayStation 3 and PCs. Touted the most-awaited game of 2012, Mass Effect 3 will help gamers to launch an all-out attack on an ancient alien race, Reapers, to regain control on Earth as Commander Shepard. The full version of the game is scheduled to release on March 6, 2012. The demo version of the game … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro Busy With Gaming Deals Posted: 15 Feb 2012 11:35 AM PST Toy-maker, Hasbro Inc. (HAS) is all set to expand its global branded play experiences through several partnerships in the world of gaming.  One such alliance was formed last week with Zynga, the world's largest social game developer with more than 227 million monthly active users. Under the agreement, Hasbro secured the license to develop and distribute product lines based on Zynga's game brands. The first joint-venture product will likely be available from fall 2012. Zynga has created … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AngioDynamics’ NeverTouch Kit OK’d Posted: 15 Feb 2012 11:25 AM PST Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) has won the green signal of the U.S. Food and Drug Administration ("FDA") for its NeverTouch Direct procedure kit. The new kit has been geared for use with the company's VenaCure EVLT laser vein treatment. The NeverTouch Direct provides surgeons the ability to treat varicose veins (abnormally swollen veins) with fewer procedure steps by eliminating the need for a long guide wire or guiding sheath. Varicose veins affect more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Original Series On Netflix Posted: 15 Feb 2012 11:05 AM PST According to recent news from Bloomberg, Netflix Inc. (NFLX) is on the brink of producing another original series called Orange Is the New Black. Based on a communications executive's autobiography, it has been rumored that Netflix will produce 13 episodes of this new comedy series. Netflix grabbed the rights of the original series from Jenji Leslie Kohan, a television writer, producer and director, well known for her comedy drama Weeds. If the deal materializes, Orange Is the New Black will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Publishing Industry Stock Review Posted: 15 Feb 2012 10:50 AM PST The U.S. publishing industry has long been grappling with sinking advertising revenue, which got worse with the global economic downturn. At the core of the industry's problems is declining print readership as more readers choose to get free online news, thereby making the print-advertising model increasingly irrelevant. Changing consumer preferences and the advent of new and innovative technologies have been altering the way news is read and offered. Readers now have more choices to collect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vodafone Eyeing Cable & Wireless Posted: 15 Feb 2012 10:50 AM PST British mobile phone giant Vodafone Group Plc (NYSE:VOD) is mulling bids to acquire Cable & Wireless Worldwide Plc. Vodafone is in the early stage of evaluating the benefits of a potential offer and is not sure whether the bid will take pace. If the deal proposed, it will likely be in cash. According to the Times of London, Vodafone is considering an offer of £700 million ($1.1 billion) to buy Cable & Wireless. Over the next few years, mobile data expansion will be the key growth driver … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Italian Problem For Lockheed F-35 Posted: 15 Feb 2012 10:50 AM PST Trouble for Lockheed Martin Corporation's (NYSE:LMT) largest program, F-35 Joint Strike Fighter, is mounting. Per media reports, Italy is contemplating scaling back its F-35 order of 131 units to 101. The grapevine is abuzz that Italian Prime Minister Mario Monti plans to shore up public accounts by reducing defense spending and F-35 comes across as a lucrative target for that. Earlier, on Monday, President Obama submitted the fiscal 2013 U.S. budget proposal to the Congress. The proposal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Mixed Bag Today…our Economy Continues To Struggle” Posted: 15 Feb 2012 10:50 AM PST 02/15/12 ICAP Equities’ Kenneth Polcari discusses the latest economic data, Greece’s looming March 20 debt deadline and expectations for the global central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Tech Hamstrung By Project Costs Posted: 15 Feb 2012 10:35 AM PST Oil drilling equipment maker FMC Technologies Inc. (NYSE:FTI) reported fourth quarter diluted earnings per share of 41 cents, well below the Zacks Consensus Estimate of 51 cents. The weaker-than-expected results were mainly due to lower subsea margins owing to higher project costs and expenses. However, compared with the year-ago period, FMC's earnings per share improved by a handsome 20.6% (from 34 cents to 41 cents) on the back of strength in surface systems orders. The fourth quarter 2010 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCANA Misses EPS, Rev Est Posted: 15 Feb 2012 10:25 AM PST Natural gas and electric company SCANA Corporation (NYSE:SCG) has reported fourth quarter 2011 earnings of 76 cents per share, up 2.7% compared to the prior year quarter. However, it failed to meet the Zacks Consensus Estimate of 79 cents. For full year 2011, SCANA has reported earnings of $3.01 per share compared to $2.99 per share in prior year but failed to meet the Zacks Consensus Estimate of $3.04.   Operating revenue of $1,036.0 million declined by 9.6% from the year-ago level of $1,146 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY On Expansion Spree Posted: 15 Feb 2012 10:25 AM PST   Advertising titan, WPP plc's (NASDAQ:WPPGY) wholly-owned subsidiary, tenthavenue recently agreed to acquire China-based Wisereach in partnership with GroupM; completion of the acquisition being subject to obtaining regulatory approvals. Wisereach is a leading mobile marketing agency, founded in Beijing in 2009. Its client base includes big names as Audi, Dell Inc. (NASDAQ:DELL), Michelin and Microsoft Corporation (NASDAQ:MSFT). In addition, XM Asia announced an agreement for acquiring a stake in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watsco Tops EPS, Misses Sales Posted: 15 Feb 2012 10:25 AM PST Watsco Inc. (NYSE:WSO) fiscal 2011 fourth quarter EPS increased 26% to 39 cents from 31 cents reported in the year-earlier quarter. EPS comfortably surpassed the Zacks Consensus Estimate of 35 cents. Total revenue dropped 1.8% year over year to $646 from the prior-year quarter of $657 million. Revenue in the quarter was hurt by 12% on a same-store-sales basis. Revenue missed the Zacks Consensus Estimate of $699 million. Fiscal 2011 Performance In 2011, EPS was $2.74, increasing 10% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mack-Cali Marginally Beats Posted: 15 Feb 2012 10:25 AM PST Mack-Cali Realty Corp. (NYSE:CLI), a real estate investment trust (REIT), reported FFO (funds from operations) of $68.1 million or 68 cents per share in the fourth quarter of 2011, up considerably from $64.2 million or 69 cents per share in the year-earlier quarter. Funds 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. The reported FFO per share for fourth quarter 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America Movil Reports A Mixed Bag Posted: 15 Feb 2012 10:25 AM PST AmericaMovil (NYSE:AMX), the largest telecom carrier in Latin America has reported fourth quarter earnings per ADR of 31 cents, far below the Zacks Consensus Estimate of 49 cents and down 39.5% from 51 cents in the year-ago quarter. Earnings for the quarter were primarily affected by lower interconnection charges and unfavorable currency translation. Net profit plunged 36.2% year over year to MXN$16.3 billion ($1.2 billion). EPADR for FY11 declined 2.2% year over year to $1.74 and Net profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Pekingese Or A Beijingese? Posted: 15 Feb 2012 10:23 AM PST The verdict is in. A Pekingese won the Westminster Dog Show. Not exactly an image of twisted steel and sex appeal, the  11-pounder fits inside  his trophy. He looks like the proverbial dog that chased a car and caught it. I think it was his strut that won it, or, more accurately, his wobble. Of course, I'm not a dog person and won't be until the expected life span of my chosen one exceeds my own. What I am is someone interested in irrelevant associations and disambiguation. So, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Has Support At The 78.16-18 Level Posted: 15 Feb 2012 10:22 AM PST The USDJPY corrected off new 3 plus month highs but has found support against the 38.2% of the move up from  yesterday's lows (see chart above at 78.159).  The support level also corresponds with the 61.8%  of the move down from the post BOJ intervention high on the daily chart and the ceiling area from the Nov/Dec period (see chart below – at the 78.18 area). The USDJPY has trended consistently higher over the month of February and was boosted yesterday by the BOJ surprise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD On The 38.2 Of The Move Up From 2012 Low Posted: 15 Feb 2012 10:22 AM PST The 38.2% of the move up from the 2012 low comes in at the 1.3054 level.  The EURUSDis testing this level a the moment. A move below will look toward the near double bottom for the month at the 1.3025 level (from Feb 1st – 1.3025 low – and Feb 6th-  at 1.3027 low). A look at the 5 minute chart below also has some support along bottom trendline.  It is not as important as the 38.2% on the daily but shorter term traders may be attracted to the level as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DIRECTV Posted: 15 Feb 2012 10:15 AM PST DIRECTV(NASDAQ:DTV) is slated to release its fourth quarter 2011 results on Thursday, February 16 before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 91 cents, representing an annualized growth of 23.46%. With respect to earnings surprise over the trailing four quarters, DTV has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was a positive 9.45%, implying that the company has outdone the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iran Halts Exports, Oil Rallies Above $102 Posted: 15 Feb 2012 05:00 AM PST 02/15/12 Front month crude oil prices touched above $102 a barrel this afternoon after Iran halted crude exports to Europe in retaliation of a planned embargo later this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610