Thursday, February 23, 2012

DailyMarkets.com - Newfield Misses, Posts A Mixed Bag

DailyMarkets.com - Newfield Misses, Posts A Mixed Bag

Newfield Misses, Posts A Mixed Bag

Posted: 23 Feb 2012 09:50 AM PST

Newfield Exploration Co. (NYSE:NFX) has reported adjusted fourth-quarter 2011 earnings of 95 cents per share, which missed the Zacks Consensus Estimate of $1.02 and came in below the year-earlier profit of $1.16. The underperformance was primarily due to higher operating expenses.
The company's total revenue climbed 28.2% year over year to $677 million but failed to meet the Zacks Consensus Estimate of $709 million.
Operational Performance
Total quarterly production of 79.3 billion cubic feet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patterson Co. Tops, Snips View

Posted: 23 Feb 2012 09:40 AM PST

Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted third-quarter fiscal 2012 (ended January 28) adjusted earnings of 53 cents a share, topping the Zacks Consensus Estimate of 50 cents and surpassing the year-ago earnings of 47 cents.
Adjusted earnings exclude costs associated with the company's Employee Stock Ownership Plan ("ESOP"). Net income fell 4% year over year to roughly $53.1 million (or 50 cents a share), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNO Financial Beats EPS Est.

Posted: 23 Feb 2012 09:25 AM PST

CNO Financial Group Inc. (NYSE:CNO) reported fourth-quarter 2011 net operating income of 22 cents per share, which came in ahead of the Zacks Consensus Estimate by 3 cents. Earnings improved 22% from 18 cents in the year-ago quarter. Operating income in the quarter was $60.1 million, up 16% from $51.7 million in the fourth quarter of 2010.
Including net realized investment gains of $13.6 million and $0.6 million of after-tax non-operating charges related to the change in estimated fair value of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ProAssurance Beats On Rev Growth

Posted: 23 Feb 2012 09:05 AM PST

ProAssurance Corporation (PRA) reported its fourth-quarter operating earnings per share of $4.27, surpassing the Zacks Consensus Estimate of $2.03 and the year-ago earnings of $3.08. Operating earnings amounted to $132 million, compared with $96 million in the prior-year quarter.
Operating income excludes the effects of confidential settlements, net realized investment gains or losses and guaranty fund assessments or recoupments. The positive effect of adjustments to net income was 29 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Widens At MGM Resorts

Posted: 23 Feb 2012 09:03 AM PST

MGM Resorts International's (NYSE:MGM) fourth quarter 2011 adjusted loss of 21 cents per share worsened from the Zacks Consensus Estimate of 18 cents loss per share as well as prior-year quarter's loss of 20 cents loss per share.
However, on a GAAP basis, MGM Resorts posted net loss of 23 cents per share compared with a net loss of 29 cents per share in the prior-year quarter. In full-fiscal 2011, earnings per share were $5.62 versus a loss of $3.19 per share recorded in 2010.
Net revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Green Mountain Adds Premium Product

Posted: 23 Feb 2012 09:03 AM PST

GreenMountainCoffee Roasters (GMCR) has introduced the latest version of its Keurig brewer called 'Vue'. The 'Vue' Keurig brewers will sell for $249 – twice the price of a traditional Keurig brewer – targeting only the affluent customers.
The new K cup brewers will hit the shelves of 'Bed, Bath and Beyond's (NASDAQ:BBBY) stores within a few weeks. The newly launched machine has additional features that can control water pressure, timing and airflow to brew the coffee in different … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LAMR Posts Positive Results

Posted: 23 Feb 2012 08:30 AM PST

 
Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the fourth quarter and fiscal year 2011 on February 22. Earnings per share in the quarter were 7 cents, a remarkable improvement from a loss of 8 cents reported in the year-ago quarter and above the break-even Zacks Consensus Estimate.
In the fiscal year 2011, earnings per share were 9 cents versus a 44 cent loss reported in the previous fiscal year and the Zacks Consensus Estimate of earnings of 3 cents.
Revenue
Pro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Higher On Data

Posted: 23 Feb 2012 08:20 AM PST

02/23/12 Equities reversed earlier weakness to trade higher. Mixed earnings reports were digested, while economic data continued to show improvement. The FHFA home price index rose 0.7% in December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Narrows At Novatel Wireless

Posted: 23 Feb 2012 08:15 AM PST

Novatel Wireless Inc. (NASDAQ:NVTL) reported adjusted loss per share of one cent in the fourth quarter of 2011, narrower than the Zacks Consensus Estimate of a loss of 8 cents and the prior-year quarter loss of 6 cents per share.
On a GAAP basis, net loss in the reported quarter was $3.4 million or 11 cents per share compared with a net loss of $0.9 million or 3 cents per share in the prior-year quarter.
Total revenue in the reported quarter stood at $109.8 million, down 8% year over year and also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTS’ EPS Beats, Revenue In Line

Posted: 23 Feb 2012 08:00 AM PST

DTS Inc. (DTSI) reported fourth quarter 2011 earnings (excluding amortization but including stock-based compensation) of 43 cents per share, beating the Zacks Consensus Estimate by 3 cents. On a year-over-year basis, earnings surged 23.3% in the reported quarter.
Quarter Details
Revenue increased 8.0% year over year to $29.0 million during the quarter, in line with the Zacks Consensus Estimate. Royalty revenue was $1.6 million in the reported quarter compared with $1.7 million in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MannKind Narrows Loss

Posted: 23 Feb 2012 08:00 AM PST

MannKind Corporation's (NASDAQ:MNKD) fourth quarter 2011 net loss of 30 cents per share was narrower than the Zacks Consensus Estimate of a loss of 32 cents. The company had suffered a loss of 33 cents in the year-ago quarter. The narrower loss was primarily attributable to the lower expenses incurred on research & development (R&D) in the final quarter of 2011.
Quarter in Detail
MannKind did not generate any revenues in the final quarter of 2011 same as in the year-ago quarter. R&D … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises, Flirts With $107

Posted: 23 Feb 2012 07:45 AM PST

02/23/12 Crude oil prices were rising again on Thursday, flirting with the $107 a barrel mark, as Iranian tensions and the prospect of global growth pushed prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Futures Jump On Weekly Jobs Claims

Posted: 23 Feb 2012 01:15 AM PST

02/23/12 The major market indexes have rebounded , and are headed modestly higher this morning, as traders turn their attention to the domestic economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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