Friday, February 10, 2012

DailyMarkets.com - LinkedIn Delivers Strong 4Q

DailyMarkets.com - LinkedIn Delivers Strong 4Q

LinkedIn Delivers Strong 4Q

Posted: 10 Feb 2012 07:50 AM PST

LinkedIn Corporation (LNKD) reported adjusted net earnings of 7 cent per share in fourth quarter 2011, much better than the Zacks Consensus Estimate of a loss of one cent.
Revenues
Revenues in the quarter were $167.7 million, up 105.3% from $81.7 million in the fourth quarter of 2010. The stupendous revenue growth can be attributed to an increase in the number of members paying for premium subscriptions that almost doubled year over year and marked the third consecutive quarter of subscriber … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amerco Reported Third Quarter Results

Posted: 10 Feb 2012 07:35 AM PST

Amerco (UHAL) reported Third quarter results
Ian Gilson, CFA

The moving and storage revenue was in line with our estimates:

 
Zacks estimates  
3Q12 actual
3Q11 actual

 
 
 
 

Self-moving rentals  
  $375       
$375     
$343

Self-storage      
    $35        
  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sanofi Beats Earnings Estimates

Posted: 10 Feb 2012 07:35 AM PST

Sanofi (NYSE:SNY) reported fourth quarter 2011 business earnings of $1.15 per American Depository Share ("ADS"), above the Zacks Consensus Estimate of $1.00 and the year-ago earnings of 96 cents. Full year earnings came in at $4.78 per ADS, above the Zacks Consensus Estimate of $4.25 and the year-ago earnings of $4.69.
Fourth quarter net sales increased 8.8% on a reported basis, up 9.2% at constant exchange rates ("CER"). Although the Genzyme acquisition boosted sales by €831 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Moves Back Above 100 Day MA

Posted: 10 Feb 2012 07:21 AM PST

THe USDCHF had been consolidating around the 100 day MA for the last 11 trading days. Over that time the price traded above and below the level on 9 of 11 days. The last two trading days closed below the 100 day MA and should have been a trigger for increased downside momentum. The price did dip to new 2 month lows but today has seen a move back to and above the key MA level.
The level comes in at 0.9177 today.  A close above this level would twist the bias back to the upside for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Finds Profit Takers Against The 50% Retracement Level

Posted: 10 Feb 2012 07:21 AM PST

The USDJPY has continued the rally higher today and reached the next target for the pair against the 77.77 level. This is the 50% retracement of the move down from the post intervention high from October 31st 2011 to the low reached earlier this month.  This week the price in the USDJPY has ratcheted higher through the 100 day MA, the 38.2% retracement,  and now up to the 50% retracement.    Having the 50% level there does give traders a reason to sell today into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Benihana Lags Estimates, Comps Grow

Posted: 10 Feb 2012 07:20 AM PST

Benihana Inc. (NASDAQ:BNHN), the leading operator of Japanese restaurants in the U.S, reported earnings of 6 cents per share in the third quarter of 2012, missing both the Zacks Consensus Estimate of 9 cents and the year-ago quarter earnings of 12 cents per share.
Total revenue rose 5.6% year over year to $77.0 million during the quarter on the back of higher restaurant sales, which grew for the eighth consecutive quarter.
Quarter Performance 
Comparable restaurant sales during the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

InterMune Widens Loss, Sales Dip

Posted: 10 Feb 2012 07:05 AM PST

InterMune Inc. (NASDAQ:ITMN) posted fourth-quarter adjusted loss per share of 69 cents, wider than the year-ago adjusted loss per share of 42 cents, afflicted by lower revenues and higher operating expenses. The loss was, however, narrower than the Zacks Consensus Estimate of a loss per share of 71 cents.
InterMune reported revenues of $7.8 million in the fourth quarter, way below the year-ago revenue of $241.7 million. The year-ago revenue however included $232.3 million of one-time proceeds from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Activision Tops Estimates

Posted: 10 Feb 2012 06:50 AM PST

Activision Blizzard Inc.'s (NASDAQ:ATVI) fiscal fourth quarter 2011 results surpassed the Zacks Consensus Estimate on both top and bottom lines. Activision's earnings came in at 59 cents per share (including stock based compensation but excluding one time items), ahead of the Zacks Consensus Estimate of 55 cents.  Earnings not only increased 15.7% from the prior-year quarter, but also surpassed management's guidance of 55 cents.
Revenues
Though non-GAAP revenues (excluding revenues from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ingram Beats EPS, Guides Cautiously

Posted: 10 Feb 2012 06:50 AM PST

Ingram Micro Inc. (NYSE:IM) has reported fourth-quarter 2011 earnings per share of 70 cents, surpassing the Zacks Consensus Estimate of 55 cents. However, the results were slightly down from 72 cents reported in the earlier-year quarter.
Revenues
Ingram Micro's fourth quarter revenue of $9.95 billion increased 0.7% from $9.88 billion in the year-ago quarter. Weaker-than-expected revenues in Asia Pacific and Europe were offset by the strength in North America and Latin America.
Revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Drama Continues

Posted: 10 Feb 2012 06:25 AM PST

If you thought the Thursday announcement of a Greek deal would be the last word on the issue, then you were wrong. It seems that we are back to square one again this morning, as a meeting of Eurozone finance ministers in Brussels asked Greece to jump through an extra hoop before it can expect to get a fresh bailout.
The Thursday deal announcement was among Greek political leaders who had finally agreed to the very onerous fresh austerity measures demanded of them. The fact that the political … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philip Morris Ahead Of Estimates

Posted: 10 Feb 2012 06:25 AM PST

Philip Morris International Inc.(NYSE:PM) reported adjusted fourth quarter 2011 earnings per share, excluding special items, of $1.10, surpassing the year-ago earnings by 13.4% and the Zacks Consensus Estimate by 1.85%.
For fiscal 2011, Philip Morris posted adjusted earnings of $4.88 per share,which was 26.1% higher than $3.87 per share earnings posted a year ago. The fiscal 2011 earnings also beat theZacks Estimate by 3 cents.
Revenue, Volumes & Margins
During the quarter, Philip Morris' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Akamai Technologies, Array BioPharma, Imperial Sugar Company, Lorillard, Inc, Oracle, Taleo, TriQuint Semiconductor

Posted: 10 Feb 2012 06:25 AM PST

    Shares of TriQuint Semiconductor Inc. (NASDAQ:TQNT) declined 4.39% to end the day at $6.54 after the wireless-chip maker projected first-quarter earnings below the Street's expectations

    Business software maker Oracle Corp. (NASDAQ:ORCL) announced its decision to buy recruitment software maker Taleo Corp (NASDAQ:TLEO) for $46 per share. Following this development, shares of Taleo gained 17.21% to close at $45.64

    Share prices of pharma company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Head Lower On Greek Concerns. Risk Off In The AUDUSD As RBA Cuts GDP/CPI Estimates

Posted: 10 Feb 2012 06:18 AM PST

Forex Trading: EURUSD Slows Decline At The Weeks Midpoint

Posted: 10 Feb 2012 06:18 AM PST

The 50% of the move up this week and 200 hour MA at the 1.3173 level was tested (and breached) but the price has moved back above level. One has to be mindful of the failure on the break. Traders will be eyeing the level for continued support now. Risk is limited against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lions Gate’s Loss Narrows

Posted: 10 Feb 2012 06:05 AM PST

Lions Gate Entertainment Corp. (NYSE:LGF) recently announced its financial results for third-quarter 2012, reporting net loss of a cent per share. The result reflected an improvement from prior-year quarter's net loss of 4 cents. The reported loss was substantially worse than the Zacks Consensus Estimate of earnings of 9 cents per share.
As per the company, a notable rise in equity interest income facilitated Lions Gate to narrow down the losses.
Total revenue in the quarter plummeted 23.6% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arris Group Reports Mixed 4Q

Posted: 10 Feb 2012 05:50 AM PST

Arris Group Inc. (ARRS) declared mixed financial results for the fourth quarter of 2011. GAAP net loss in the fourth quarter of 2011 was $54.7 million or a loss of 47 cents per share compared with a net income of $11.3 million or 9 cents per share in the prior-year quarter. However, adjusted (excluding special items) EPS, in the reported quarter, was 17 cents, exactly in line with the Zacks Consensus Estimate.
Quarterly total revenue was $281.1 million, up 5.6% year over year, but failed to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glencore-Xstrata Merger: Monumental For Commodity Investors

Posted: 10 Feb 2012 05:44 AM PST

We were recently interviewed by CBS Marketwatch on the Glencore-Xstrata Deal:
An increase in mergers and acquisitions and one of this record size is monumental for the commodity sector."  Jeb Handwerger, GoldStockTrades.com.  
"We expect the producers or developers of natural resource assets to have more access to capital," he said. "This is just the beginning and a huge step. We may see an increase in bidding wars and large miners looking for growth through M&A activity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aaron’s In Line, Reiterates Guidance

Posted: 10 Feb 2012 05:35 AM PST

Leading rent-to-own operator Aaron’s Inc. (AAN) registered earnings per share of 43 cents in the fourth quarter of fiscal 2011, an increase of 13.2% from 38 cents reported a year ago. Earnings in the reported quarter were in line with the Zacks Consensus Estimate of 43 cents per share.
On a GAAP basis, the company posted a 5% increase with earnings per share reaching 40 cents per share in the fourth quarter, including 3 cents separation charge primarily related to the accelerated vesting of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pitney Bowes Beats Estimates

Posted: 10 Feb 2012 05:20 AM PST

Pitney Bowes Inc. (NYSE:PBI) reported fourth-quarter 2011 earnings per share from continuing operations of 97 cents, above the Zacks Consensus Estimate of 60 cents and prior-year earnings of 66 cents. The earnings for the quarter include net tax benefit of 37 cents as a result of agreement between the company and the IRS on the tax treatment of a number of issues, as well as revised tax calculations.
For 2011, the company's earnings per share from continuing operations were $2.70 compared with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Metals Sink As US Dollar Recovers Amid Risk Aversion

Posted: 10 Feb 2012 01:55 AM PST

Talking Points

Crude Oil, Copper Under Pressure Amid Returning Risk Aversion
Gold, Silver Probing Lower as Dollar Gains on Safe-Haven Demand

WTI Crude Oil (NY Close): $99.84 // +1.13 // +1.14%
As we noted yesterday, crude oil prices are re-coupling with market-wide sentiment trends after tensions in the Middle East disrupted the relationship last week. Indeed, short-term correlation studies suggest the link between the WTI contract and the S&P 500 now stands at the highest in a month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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