Thursday, February 2, 2012

DailyMarkets.com - Mixed Fortunes For Viacom In 1Q

DailyMarkets.com - Mixed Fortunes For Viacom In 1Q

Mixed Fortunes For Viacom In 1Q

Posted: 02 Feb 2012 07:50 AM PST

Viacom Inc.(VIAB) declared mixed results for the first quarter of 2012 with EPS matching the Zacks Consensus Estimate but revenue falling short of the estimate, mainly offset by advertising and ancillary revenues.
Net income from continuing operation in the quarter was $591 million or $1.06 per share compared with $620 million or $1.02 per share in the prior-year quarter and was also in line with the Zacks Consensus Estimate.
Total revenue in the reported quarter was $3,952 million, up 3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ameriprise Misses On Lower Top Line

Posted: 02 Feb 2012 07:35 AM PST

Ameriprise Financial Inc.(NYSE:AMP) reported fourth-quarter 2011 operating earnings of $1.33 per share significantly below the Zacks Consensus Estimate of $1.39. However, this compares favorably with the year-ago quarter's earnings of $1.31 per share.
Operating results exclude net realized gains or losses, integration charges, market impact on variable annuity guaranteed living benefits and discontinued operations.
For the reported quarter, net income attributable to Ameriprise came in at $253 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Las Vegas’ EPS In Line, Revs Beat

Posted: 02 Feb 2012 07:20 AM PST

Following two successive quarters of beat, Las Vegas, Nevada-based Las Vegas Sands Corp. (NYSE:LVS) posted in line results for the fourth quarter of 2011. The company reported adjusted earnings of 57 cents per share in the fourth quarter of 2011, exactly matching the Zacks Consensus Estimate, but surging 35.7% from the year-ago quarter earnings of 42 cents.
On a GAAP basis, the company reported a net income of $320.1 million or 39 cents per share compared with $273.0 million or 34 cent per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Looks To Break Higher Intraday

Posted: 02 Feb 2012 07:18 AM PST

Forex Trading: EURUSD Trades Between The Goal Posts. Looks For Break

Posted: 02 Feb 2012 07:18 AM PST

Forex Trading: USDCHF Tests Intraday Support

Posted: 02 Feb 2012 07:18 AM PST

EA’s Impressive 3Q

Posted: 02 Feb 2012 07:05 AM PST

Electronic Arts Inc.(EA) reported third quarter 2012 non-GAAP earnings (excluding one-time items but including stock-based compensation) of 87 cents per share, which beat the Zacks Consensus Estimate of 83 cents. The reported EPS came in at the lower end of the management's guided range of 85 cents to 95 cents.
Revenue
Revenues, including deferred revenue of $590.0 million, increased 17.0% year over year to $1.65 billion, way ahead of the Zacks Consensus Estimate of $1.15 billion and was in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tesoro Q4 Loss Widens

Posted: 02 Feb 2012 06:55 AM PST

Independent refiner Tesoro Corporation (NYSE:TSO) came out with mixed fourth-quarter and full year 2011 results, reflecting a strong retail business unit and higher throughput, partially offset by disappointing refining margins.
The company reported loss per share of 89 cents, wider than the Zacks Consensus estimated loss of 66 cents. In the year-ago period, Tesoro had experienced adjusted loss of 13 cents.
For full-year 2011, the company earned $3.81 per share compared with a loss of 21 cents in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rally On Hold As The Euro Fails At 1.3200; Is The Dollar Beatdown Finished?

Posted: 02 Feb 2012 06:43 AM PST

Fundamental Headlines
• Global Strategists Abandoning Bearish Views – Bloomberg
• ECB May Wait for Investor Deal on Greek Swap – Bloomberg
• Jobless Claims Fall, Jobs Market Slowly Healing – Reuters
• German-IMF Rift Stalls Greece Deal – WSJ
• Retailers Posted Solid January Sales – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets trended higher in Asia but any momentum was quickly lost after European exchanges opened for trading on Thursday. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell Misses, Aims For Dividend Growth

Posted: 02 Feb 2012 06:40 AM PST

Europe's largest oil company Royal Dutch Shell plc (RDS.A) reported weaker-than-expected fourth quarter 2011 results, pulled down by dismal refining margins, declining output and a sharp downturn in North American natural gas prices. Notwithstanding the tough quarter, the company announced that it is aiming to boost its payout for the first time in three years.
Earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Earnings, Steady Jobless Claims

Posted: 02 Feb 2012 06:40 AM PST

Today, investors will be weighing favorable headlines out of Europe following successful bond auctions in Spain and Italy, against a mixed earnings picture on the home front as a number of major companies came out with underwhelming results. And in the run-up to tomorrow's January non-farm payroll report, we got a better-than-expected Initial Jobless Claims reading, highlighting the steadily improving labor market trend.
 
Initial Jobless Claims dropped a better-than-expected 12K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manpower Beats On EPS, Stays Wary

Posted: 02 Feb 2012 06:35 AM PST

ManpowerGroup (NYSE:MAN), the global leader in the employment services industry, recently posted fourth-quarter 2011 results that topped the Zacks' expectations. The company's strong performance came on the back of revenue growth with emerging markets portraying robust trends, particularly Asia. Better expense control also provided cushion to the bottom-line.
However, Manpower projects a cautious outlook for first-quarter 2012. The company warned that the softness in the current economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Beats; Optimistic About 2012

Posted: 02 Feb 2012 06:25 AM PST

Roche Holdings Ltd.'s (RHHBY) fiscal 2011 earnings per share came in at $3.48, compared with $3.07 reported in the year-ago period. Earnings came in ahead of the Zacks Consensus Estimate of $3.31. Earnings were helped by reduced financial expenses and a lower tax rate.
Revenues declined 10% (in Swiss francs) from the year-ago period. However, in dollar terms, revenues increased 5.8% from the previous year figure to $48.2 billion, primarily due to favorable exchange rate movements. Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: C.H. Robinson Worldwide, Cytec Industries, Dendreon, J P Morgan Chase & Co, Savient Pharmaceuticals Inc

Posted: 02 Feb 2012 06:25 AM PST

    Share prices of bankrupt company AMR Corp. (PINK:AAMRQ) fell 13.32% following reports that the parent company of American Airlines is planning to axe thousands of employees  

    Reinforced-plastics maker Cytec Industries Inc. (NYSE:CYT) said it has engaged JP Morgan (NYSE:JPM) to explore different options available for separating its coating resin business

    Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) declined 7.02% to close at $64.01 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merck Beats On EPS, Guides In-Line

Posted: 02 Feb 2012 06:25 AM PST

Merck & Co. (NYSE:MRK) reported fourth quarter 2011 earnings per share (excluding special items) of 97 cents, a couple of cents above the Zacks Consensus Estimate and 10.2% above the year-ago earnings.
Revenues for the quarter increased 1.7% to $12.3 billion, just shy of the Zacks Consensus Estimate of $12.5 billion. Including one-time items, Merck swung to a profit of 49 cents per share from the year-ago loss of 17 cents.
The company reported full-year earnings of $3.77 per share, a penny … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls On No Greece Solution.

Posted: 02 Feb 2012 06:21 AM PST

Forex Trading: EURUSD Trades Between The “Goal Posts”

Posted: 02 Feb 2012 06:21 AM PST

The EURUSD is trading between what I call the Goal Posts (between the 100 and 200 hour MA's in the chart above). The pair moved higher in the late London morning on comments from China Premiere Wen who said China was exploring helping in the ESM/EFSF mechanisms. However, he later commented that he was not sure how. EU's Juncker sent the EURUSD to the NY lows on comments that Greece PSI talks were ultra difficult. This sent the price down to test the 200 hour MA vut the price could not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tractor Supply Beats Again

Posted: 02 Feb 2012 06:11 AM PST

Tractor Supply Co. (NASDAQ:TSCO), a leading retail firm and ranch store brand, recorded yet another encouraging quarter. Earnings per share in the fourth quarter of fiscal 2011 came in at 96 cents, surpassing the Zacks Consensus Estimate of 92 cents as well as prior-year earnings of 67 cents per share. Tractor Supply earned $70.5 million in the quarter, exceeding the prior-year quarter's net income of $50.2 million.
Tractor Supply has been witnessing increasing trends in same-store sales. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qualcomm Tops All Expectations

Posted: 02 Feb 2012 05:50 AM PST

Based on significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm Inc. (NASDAQ:QCOM) reported record breaking first-quarter fiscal 2012 financial results. Net income was up 20% year over year and 33% sequentially, reflecting the operating efficiency of Qualcomm. The company's Snapdragon platform and product diversification strategy make management more confident about fiscal 2012 as the company raised its future financial outlook. As a result of these positives, in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Underground Energy Revolution In PA Without Any Government Interference, Just Consumer Greed

Posted: 02 Feb 2012 05:50 AM PST

PENN LIVE — “It's an underground energy revolution happening in the basements of home after home, throughout the midstate and across Pennsylvania.

For the fiscal year that ended in September, the gas utility UGI completed more than 7,300 residential and 1,600 commercial fuel oil-to-gas conversions, a company record. Yet, the record pace accelerated by another 57 percent in October, November and December, the first quarter of UGI's 2012 fiscal year. The reason?

"It's clearly price," … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JDS Uniphase Beats In 2Q

Posted: 02 Feb 2012 05:35 AM PST

Yesterday, after market close, JDS Uniphase Corp. (NASDAQ:JDSU) declared strong financial results for the second quarter of fiscal 2012. The company, which manufactures broadband and optical networking components for the telecom industry, generated solid top and bottom-line growth. As a result, in the after market trade on NASDAQ, stock price of JDS Uniphase was up by 80 cents (6.09%) to $13.93.
Optical Networking component sector is highly competitive. The company competes fiercely with several … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Stock Market Tip You Cant Refuse

Posted: 02 Feb 2012 05:29 AM PST

Market tops end on good news, exciting news, happy faces. We think the Facebook IPO is the happy news at the top of this market. While media buzz around this deal holds up stocks just long enough for professionals to sell to momentum traders (ie mutual funds) to raise cash to buy this IPO

.

The SOX cycle is telling the well informed, secure those 10% gains from the Santa rally, that’s an offer you cant refuse.

Members can compare this cycle to this post for more: When will the bears land one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tetra Tech In Line With Estimate

Posted: 02 Feb 2012 05:20 AM PST

Tetra Tech Inc. (NASDAQ:TTEK) reported its first-quarter 2012 earnings per share from continuing operations of 36 cents, in line with the Zacks Consensus Estimate and above prior-year earnings of 34 cents (excluding a prior-year tax benefit of approximately 2 cents). 
Total Revenue
Total revenue in the quarter was $682.6 million, an increase of 11.7% year over year. Revenue, net of subcontractor costs, was $492.1 million compared with $405.6 million in the prior-year quarter. Subcontractor cost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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