Tuesday, February 7, 2012

DailyMarkets.com - Genomic Misses, Grows Annually

DailyMarkets.com - Genomic Misses, Grows Annually

Genomic Misses, Grows Annually

Posted: 07 Feb 2012 07:55 AM PST

Genomic Health (NASDAQ:GHDX) reported an EPS of 8 cents in the fourth quarter of fiscal 2011, a penny below the Zacks Consensus Estimate, but higher than 6 cents earned in the year-ago period. For the full year, EPS came in at 26 cents, missing the Zacks Consensus Estimate of 27 cents and way above 14 cents recorded in the previous year.
Total revenue in the reported quarter climbed 13.4% year over year to $53.4 million, marginally missing the Zacks Consensus Estimate of $54 million. Product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Beats Overall

Posted: 07 Feb 2012 07:35 AM PST

BP Plc (NYSE:BP) has reported fourth-quarter 2011 earnings of $1.59 per American Depositary Share (ADS) on a replacement cost basis, excluding non-operating items. Results were above the Zacks Consensus Estimate of $1.57 and higher than the year-earlier adjusted profit level of $1.39. The outperformance is attributable to higher realizations partially offset by lower production, primarily in the Gulf of Mexico (GoM) region as well as associated costs related to rig standby in the region.
In 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MWIV Beats, Guides Strong

Posted: 07 Feb 2012 07:30 AM PST

MWI Veterinary Supply (NASDAQ:MWIV) reported first quarter 2012 EPS of $1.05, surpassing the Zacks Consensus Estimate of 95 cents and was 20.7% higher than the year-ago quarter EPS. Revenues in the reported quarter were $461.9 million, exceeding the Zacks Consensus Estimate of $407 million and up 26.1% year over year. 
Excluding the impact of the acquisition of the assets of Micro Beef Technologies, the company’s revenue grew 14.1% in the U.S.  In the UK, revenue increased 11.0% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comstock Posts Narrower Loss

Posted: 07 Feb 2012 07:06 AM PST

Oil and natural gas firm Comstock Resources Inc. (NYSE:CRK) posted better-than-expected fourth quarter and full year 2011 results buoyed by volume growth plus higher average realized prices.
The company reported adjusted loss per share of 7 cents in the quarter, narrower than the Zacks Consensus Estimate of a loss of 11 cents. Comstock's performance also improved from the year-ago adjusted loss of 23 cents per share.
For full-year 2011, the company experienced a loss of 21 cents per share, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie Maintains Gains After RBA Surprise; Euro Finding Support On Greece

Posted: 07 Feb 2012 06:52 AM PST

Fundamental Headlines
• Americans Gaining Energy Independence – Bloomberg
• Iran Oil Sanctions Target Companies across Globe – Bloomberg
• Greek Unions Strike before Crunch Leaders' Talks – Reuters
• Netanyahu Can't Fly Solo in Israel to Attack Iran – Reuters
• Spain's Top Banks Set New Property Provisions – WSJ
European Session Summary
Risk-appetite was afoot in the overnight, as the Reserve Bank of Australia's policy statement following their rate decision injected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Brown & Brown, O’Charley’s, Consolidated Communications Holdings, DepoMed, Fidelity National Financial, Merck & Company, SureWest Communications

Posted: 07 Feb 2012 06:50 AM PST

    Pharma company Depomed Inc’s. (NASDAQ:DEPO) shares advanced 5.37% after the company said it would receive royalties from Merck & Co’s (NYSE:MRK) type 2 diabetes drug, Janumet XR

    Share prices of HCA Holdings Inc. (HCA) rose 7.33% to close at $28.40 after the hospital chain reported its fourth-quarter earnings results. Separately, it also announced that it would be paying a special dividend of $2 per share

    Shares of Lazard Ltd. (NSE:LAZ) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LaCrosse’s EPS In Line, Sales Down

Posted: 07 Feb 2012 06:50 AM PST

LaCrosse Footwear Inc (NASDAQ:BOOT), a leading developer and marketer of premium branded footwear for work and outdoor market, reported earnings of 33 cents per share in the fourth quarter of 2011, in line with the Zacks Consensus Estimate, but significantly below the prior-year quarter earnings of 60 cents per share as the top line continued to struggle.
The footwear company reported net sales of $43.8 million for the quarter, down 15.9% year over year.
For full year 2011, the company reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

D&B Beats In 4Q, Outlook Flat

Posted: 07 Feb 2012 06:50 AM PST

Dun & Bradstreet Corp. (DNB) reported fourth quarter earnings, before non-core gains and one-time charges, of $2.21 per share, comprehensively beating the Zacks Consensus Estimate of $2.09 per share.
Quarter Details
Total revenue increased 3.5% (after the effect of foreign exchange) year over year to $498.7 million and almost matched the Zacks Consensus Estimate. In the reported quarter, core revenues were positively impacted by higher Sales & Marketing Solutions revenue (up 4.8% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yum! Beats As China Outperforms

Posted: 07 Feb 2012 06:25 AM PST

Yum! Brands Inc. (NYSE:YUM) reported fourth quarter 2011 adjusted earnings of 75 cents per share, which beat the Zacks Consensus Estimate by a penny. Earnings increased 20% year over year, mainly on the back of outperformance at its China division and other emerging markets as well as the fifty third business week in the U.S. and YRI divisions. On a reported basis also, Yum! Brands' quarterly earnings were 75 cents per share, up 33% year over year.
In full-fiscal 2011, Yum! Brands' adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Higher On Greek Statement (Again)

Posted: 07 Feb 2012 06:22 AM PST

The market is clearly trading with short term intentions in place.  Markets are sloppy. The market moved quickly to the upside on yet another comment about a Greek bailout.  Because of the headline effect it seems that the real movers in the EURUSD market are simply waiting for the dust to all settle.  This helps contribute to the up and down action.
Nevertheless the EURUSD has moved above the previous high for the day above 1.3167 and looks toward the next target at the 1.3184 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Finds Sellers Against Retracement Level

Posted: 07 Feb 2012 06:22 AM PST

The USDJPY tested the 38.2% of the move down from the January 24th high to the low reached on February 1st. That level comes in at the 76.879 level. The high today reached 76.85 and has backed off. The next support level comes in at the trendline at the 76.65 level. Below that the 200 hour MA at the 76.55 level is the next target.  The pair was supported today on the official word that the BOJ did in fact intervene in the market (13.2 billion).  The intervention occurred on October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings & Bernanke Take Dimming Spotlight

Posted: 07 Feb 2012 06:16 AM PST

It has to count as a sign of progress that the drawn-out Greek negotiations have been unable to spook the markets yet, as would have been the case last year. Investors appear to be pricing in that the country will be able to clinch a fresh bailout from the IMF/ECB/EU troika and be able to 'convince' its private creditors to 'voluntarily' take losses on their Greek holdings. Only time will tell if this view represents pragmatism or wishful thinking deal, but suffice it to say that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IDEX Corp Easily Beats

Posted: 07 Feb 2012 06:05 AM PST

IDEX Corporation (IEX) has posted adjusted earnings per share (excluding the effect of the inventory charge) of 65 cents in the fourth quarter of 2011 compared with 71 cents in the previous quarter and 54 cents in the year-ago quarter. The results surpassed the Zacks Consensus Estimate of 63 cents.
IDEX Corporation designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse range of customers.
Sales improved 19% from the year-ago quarter to $481 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leggett & Platt Beats By A Cent

Posted: 07 Feb 2012 05:55 AM PST

Leggett & Platt Inc. (NYSE:LEG), the manufacturer of diversified engineered products and components, posted fourth-quarter and full-year 2011 results, surpassing the Zacks Consensus Estimates.
Leggett’s fourth-quarter earnings of 22 cents per share, marginally inched above the Zacks Consensus Estimate and year-ago earnings of 21 cents. The company's full-year 2011 earnings of $1.20 per share beat the Zacks Consensus Estimate by 1 cent per share and the year-ago earnings by 5 cents per share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing Fact Of The Day: Just Apple’s IPhone Alone Is Now Bigger Than All Of Microsoft

Posted: 07 Feb 2012 05:37 AM PST

From Henry Blodget at Business Insider:

“Apple’s iPhone business alone is now bigger than Microsoft. Not Windows. Not Office. Microsoft. Think about that. The iPhone did not exist five years ago. And now it’s bigger than a company that, 15 years ago, was dragged into court and threatened with forcible break-up because it had amassed an unassailable and unthinkably profitable monopoly.

The iPhone also appears to be considerably more profitable than Microsoft. In the December quarter, Apple’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nippon Reports Mixed 3Q

Posted: 07 Feb 2012 05:35 AM PST

Nippon Telegraph & Telephone Corp. (NYSE:NTT) declared mixed financial results for the third quarter of fiscal 2011 (ending March 31, 2012). Besides, revenue increased due to strong execution of IP/Packet Communications and Systems Integration services. Moreover, the company's wireless services wing, NTT DoCoMo (NYSE:DCM) also reported a healthy revenue growth.
On a GAAP basis, net income in the third quarter of fiscal 2011 was approximately $809.64 million, down 56.1% year over year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Luminex Beats On Assay Boost

Posted: 07 Feb 2012 05:25 AM PST

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, reported fourth-quarter fiscal 2011 adjusted earnings of 11 cents a share, outpacing both the Zacks Consensus Estimate and the year-ago earnings of 7 cents a share. The adjusted earnings exclude costs associated with the company's acquisition of EraGen Biosciences.
Profit rose 7.6% year over year to $3.4 million (or 8 cents a share) as the Texas-based company saw double-digit growth in its top line, backed by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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