DailyMarkets.com - Onyx Beats; Says 2012 Vital

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• Onyx Beats; Says 2012 Vital
• ACE To Propose Dividend Hike
• Pinnacle’s EPS Beats, Revs In-line
• Northeast Beats Bottom Line
• VirtualScopics Reaches The Black In 4Q
• PDL BioPharma Q4 EPS In Line
• Disappointing 4Q For Conceptus
• Newmont Misses Sales Estimate
• Integra Beats On EPS, Revs In Line
• Pepco Report Mixed, Guides 2012
• J. C. Penney Exceeds On Bottom-Line
• Forest Oil Misses As Vol Shrinks
• Washington Post Exceeds Estimate
• AIG Exits 2011 With Confidence
• Marvell Beats EPS, Lags Rev
• Polcari: “Barring Any Negative News…market Wants To Churn Higher”
• Deckers Beats, Warns Of High Cost
• Jamba To Serve Talbott Teas
• IPG Beats On Improved Margins
• Negative Comps Hurt Gap’s Profit
• Windstream Posts A Mixed Bag 4Q
• Windstream Posts A Mixed Bag 4Q
• Windstream Posts A Mixed Bag 4Q
• CEO Spotlight: Brad Cleveland, Proto Labs
• Molina Beats, Lags YoY
• Sysco Bags European Imports
• TRW Tops Estimates
• Fiserv Enhances Shareholder Value
• Wall Street = Lottery Recently?
• Dow Tops 13K, Stocks Edge Higher On Data
• DexCom’s EPS Misses, Sales Beat
• OfficeMax Beats, Remains Cautious
• Euro Rallies, Yen Flops
• Friday Energy Links
• Oil Climbs Higher, Well Above $108
• Euro Marches Towards Critical 1.3600 Resistance, Yen Erosion Continues
• Global Equities Rise On Data

Onyx Beats; Says 2012 Vital Posted: 24 Feb 2012 11:50 AM PST Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) reported fourth quarter 2011 earnings of $1.44 per share, in contrast to the Zacks Consensus Estimate of a loss of 56 cents and the year-ago loss of 37 cents per share. Full year 2011 earnings came in at 24 cents per share, beating the Zacks Consensus Estimate of a loss of $1.82, but lower than the year-ago earnings of 27 cents per share. Higher revenues in the fourth quarter led to the year-over-year increase in earnings. Onyx Pharma's 2011 results were in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE To Propose Dividend Hike Posted: 24 Feb 2012 11:40 AM PST In its concerted effort to enhance shareholders value, ACE Limited (NYSE:ACE) intends to boost its dividend. The board of directors will propose a 4.25% increase in the quarterly dividend at its Annual General Meeting scheduled on May 16, 2012. If approved, ACE Limited will pay a quarterly dividend of 49 cents ($1.96 on an annualized basis), up from 47 cents ($1.88 on an annualized basis) previously. The increased dividend will be paid second quarter onward. Following the company's announcement, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pinnacle’s EPS Beats, Revs In-line Posted: 24 Feb 2012 11:40 AM PST Pinnacle West Capital Corp.'s (NYSE:PNW) adjusted earnings for fourth quarter were 11 cents per share, ahead of the Zacks Consensus Estimate of by 6 cents. Results also compare favorably with 6 cents earned in the year ago quarter. Adjusted earnings were $12.1 million compared with $5.2 million in the fourth quarter of 2010. A combination of cooler than normal weather, lower operations and maintenance expenses and higher transmission revenues aided the company to deliver better than expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northeast Beats Bottom Line Posted: 24 Feb 2012 11:40 AM PST Diversified utility company Northeast Utilities' (NU) fourth quarter 2011 pro forma earnings of 74 cents per share beat the Zacks Consensus Estimate of 69 cents and were also higher than the year-ago quarter earnings of 69 cents per share. The company also reported quarterly GAAP earnings of 64 cents, lower than the year-ago figure of 73 cents. The difference between quarterly GAAP and pro forma earnings was due to an after-tax charge associated with the storm fund reserve for the customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VirtualScopics Reaches The Black In 4Q Posted: 24 Feb 2012 11:40 AM PST Medical imaging solutions provider VirtualScopics (NASDAQ:VSCP) posted breakeven earnings a share in fourth-quarter 2011. The New York-based company swung to a profit in the quarter on flat revenues. Analysts polled by Zacks were looking for earnings of a penny a share on average. VirtualScopics clocked a net income (attributable to common stockholders) of $1,100 in the fourth quarter versus a loss of roughly $1.6 million (or 6 cents a share) a year ago. The bottom line in the year-ago quarter was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PDL BioPharma Q4 EPS In Line Posted: 24 Feb 2012 11:40 AM PST PDL BioPharma Inc. (NASDAQ:PDLI) posted fourth quarter earnings of 24 cents per share, 4 cents above the year-ago figure of 20 cents. Lower general and administrative expenses offset the decline in revenue to drive earnings in the quarter. Earnings were however in line with the Zacks Consensus Estimate. Quarter in Detail PDL BioPharma currently derives a significant portion of its revenue from licenses granted to other companies under the Queen et al patents, covering the humanization of antibodies. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disappointing 4Q For Conceptus Posted: 24 Feb 2012 11:15 AM PST Contraception device maker, Conceptus Inc. (NASDAQ:CPTS) reported loss per share of 8 cents during the fourth quarter of fiscal 2011, worse than the Zacks Consensus EPS Estimate of loss of a cent and way below the year-ago quarter EPS of $2.66. However, the year-ago quarter included a net income tax benefit of $79.2 million. For fiscal 2011, loss per share was 25 cents compared with EPS of $2.64 in 2010. Revenues in the reported quarter declined 8.5% year over year to $33.5 million, missing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newmont Misses Sales Estimate Posted: 24 Feb 2012 11:10 AM PST Newmont Mining Corporation (NYSE:NEM) reported adjusted basic earnings of $1.17 per share in the fourth quarter of 2011 compared to the prior year quarter of $1.16 per share. Including the charges of Hope Bay asset impairment, the company reported basic loss of $2.08 per share compared to $1.65 in the fourth quarter of 2010. The fourth quarter of 2010 also included the asset impairment charges of Hope Bay. Revenues Total revenue was $2.765 billion, up 9% year over year from $2.548 billion. Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra Beats On EPS, Revs In Line Posted: 24 Feb 2012 11:10 AM PST Integra LifeSciences (NASDAQ:IART) reported EPS of 16 cents in the fourth quarter of fiscal 2011 compared with 63 cents in the year-ago quarter. However, adjusted EPS declined 10% year over year to 72 cents, but surpassed the Zacks Consensus Estimate of 67 cents. For fiscal 2011, adjusted EPS stood at $2.79, in line with the Zacks Consensus Estimate but 6% lower than the 2010 level. Total revenue during the quarter increased 5% year over year to $203.5 million and was at par with the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepco Report Mixed, Guides 2012 Posted: 24 Feb 2012 11:10 AM PST Pepco Holdings Inc. (NYSE:POM) reported fourth quarter 2011 earnings from continuing operations of 15 cents per share, falling short of the year-ago figure of 25 cents and the Zacks Consensus Estimate of 18 cents. The year-over-year decline in operating earnings in the reported quarter was due to a lack of beneficial tax adjustments and settlement received by the company in the prior-year quarter. Earnings per share, as per GAAP, were 10 cents versus 6 cents in the fourth quarter of 2010. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J. C. Penney Exceeds On Bottom-Line Posted: 24 Feb 2012 11:03 AM PST J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered fourth-quarter 2011 adjusted earnings of 74 cents a share that exceeded the Zacks Consensus Estimate of 67 cents. However, it plunged 36.8% from the prior-year quarters earnings of $1.17 a share. The company's strategic initiatives to reduce costs facilitated it to improve the bottom-line results. On a reported basis, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Oil Misses As Vol Shrinks Posted: 24 Feb 2012 11:03 AM PST Denver-based Forest Oil Corporation's (NYSE:FST) fourth quarter 2011 earnings from continuing operations of 18 cents per share (excluding non-recurring items) missed the Zacks Consensus Estimate of 26 cents and the year-earlier number of 41 cents. The lackluster performance was mainly due to the lower prices realized for natural gas as well as natural gas liquids (NGLs) and decline in net sales volumes, which were partially offset by the higher oil price. Total revenue in the reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Washington Post Exceeds Estimate Posted: 24 Feb 2012 11:03 AM PST The Washington Post Company (NYSE:WPO) recently posted fourth-quarter 2011 results. The quarterly earnings from continuing operations came in at $8.75 per share, marking a substantial decrease from $11.49 delivered in the prior-year quarter. The decline reflected slump in the students' enrollment and weak advertising demand. However, the quarterly earnings surpassed the Zacks Consensus Earnings Estimate of $5.36 per share. On a reported basis, including one-time items, the company posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIG Exits 2011 With Confidence Posted: 24 Feb 2012 11:03 AM PST American International Group Inc. (NYSE:AIG) reported fourth quarter operating earnings per share of 82 cents, which came in modestly higher than the Zacks Consensus Estimate of 61 cents as well as year-ago quarter's loss of $15.99 per share. Consequently, operating income of $1.56 billion improved substantially from a loss of $2.21 billion in the year-ago quarter. On a GAAP basis, AIG reported a net income of $19.8 billion or $10.43 per share as compared with $11.2 billion or $16.60 per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marvell Beats EPS, Lags Rev Posted: 24 Feb 2012 11:03 AM PST Marvell Technology Group (NASDAQ:MRVL) has reported fourth quarter fiscal 2012 adjusted earnings per share (EPS) of 16 cents, beating the Zacks Consensus Estimate of 12 cents. However, the EPS was 55.3% below the year-ago level, mostly due to lower revenue and higher expenses. Overall results were affected by macro uncertainties, natural calamities (earthquake in Japan and massive floods in Thailand), a lackluster mobile business in China and product transitions at one of Marvell's largest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Barring Any Negative News…market Wants To Churn Higher” Posted: 24 Feb 2012 10:40 AM PST 02/24/12 ICAP Equities’ Kenneth Polcari discusses technical levels for the US indices and elevated crude oil prices. The latest economic data, earnings reports are sectors are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deckers Beats, Warns Of High Cost Posted: 24 Feb 2012 10:20 AM PST Deckers Outdoor Corporation (NASDAQ:DECK) recently delivered a record fourth-quarter 2011 results on the back of strong demand for the product lines under the UGG brand during holiday season. The Teva brand and the recent acquisition of the Sanuk also were significant contributors. However, Deckers' warned that rise in sheepskin prices and other costs would hurt the bottom lines of the first quarter and full year 2012. The fourth quarter earnings of $3.18 per share beat the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jamba To Serve Talbott Teas Posted: 24 Feb 2012 10:20 AM PST Jamba Inc. (NASDAQ:JMBA) recently acquired Chicago-based Talbott Teas in its pursuit of continued innovation in its beverage line-up. The financial terms of the deal remained undisclosed. Talbott Teas will also be up for sale at Jamba Juice locations. Before acquiring Talbott Teas, Jamba had already tried various tea offerings such as Mightly Leaf, Original Spiced Chai and fruit tea infusion. Founded in 2003, Talbott Teas is a premium tea company. It efficiently combines the finest natural and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IPG Beats On Improved Margins Posted: 24 Feb 2012 10:10 AM PST On February 24, The Interpublic Group of Companies Inc. (IPG) reported its financial results for the fourth quarter and fiscal 2011. For the fourth quarter, the company reported diluted earnings per share of 50 cents, a 39% increase from 36 cents recorded in the fourth quarter of 2010. The recorded EPS outshined the Zacks Consensus Estimate of 39 cents, driven by improved margins and organic revenue growth.   For full-year 2011, diluted earnings per share came in at 99 cents, (or 76 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Negative Comps Hurt Gap’s Profit Posted: 24 Feb 2012 09:55 AM PST Battered by negative comparable store sales growth, increased input costs and deep discounting, Gap Inc.'s (NYSE:GPS) fourth-quarter 2011 earnings slide 27% to 44 cents per share from the prior-period earnings of 60 cents per share. However, quarterly earnings managed to beat the Zacks Consensus Estimate of 42 cents per share. Quarter in Details During the quarter, net sales edged down 1.9% to $4,283 million from $4,364 million in the year-ago quarter, primarily due to higher discounting offers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Windstream Posts A Mixed Bag 4Q Posted: 24 Feb 2012 09:40 AM PST Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, has reported fourth quarter 2011 adjusted earnings per share of 19 cents, missing the Zacks Consensus Estimate of 20 cents. Adjusted earnings for the quarter shot up 47.4% from the year-ago earnings of 10 cents. Adjusted earnings excluded $103 million in pension charges after-tax given changes in the company’s pension accounting method. Moreover, the results exclude $23 million in merger and integration costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Windstream Posts A Mixed Bag 4Q Posted: 24 Feb 2012 09:40 AM PST Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, has reported fourth quarter 2011 adjusted earnings per share of 19 cents, missing the Zacks Consensus Estimate of 20 cents. Adjusted earnings for the quarter shot up 47.4% from the year-ago earnings of 10 cents. Adjusted earnings excluded $103 million in pension charges after-tax given changes in the company’s pension accounting method. Moreover, the results exclude $23 million in merger and integration costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Windstream Posts A Mixed Bag 4Q Posted: 24 Feb 2012 09:40 AM PST Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, has reported fourth quarter 2011 adjusted earnings per share of 19 cents, missing the Zacks Consensus Estimate of 20 cents. Adjusted earnings for the quarter shot up 47.4% from the year-ago earnings of 10 cents. Adjusted earnings excluded $103 million in pension charges after-tax given changes in the company’s pension accounting method. Moreover, the results exclude $23 million in merger and integration costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEO Spotlight: Brad Cleveland, Proto Labs Posted: 24 Feb 2012 09:40 AM PST 02/24/12 Proto Labs’ CEO, Brad Cleveland, discusses the company’s business model and outlook. After its IPO priced above the expected range, PRLB shares rallied over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Molina Beats, Lags YoY Posted: 24 Feb 2012 09:30 AM PST Molina Healthcare Inc. (MOH) reported fourth quarter operating earnings of 51 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents. However, results lagged operating earnings of 58 cents in the year-ago quarter. Including a $1.34 per share non-cash Missouri health plan impairment charge, a 21 cent income related to contract amendment and a 10 cent cost related to acquisition-related arbitrage settlement and provider termination, operating loss for the reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sysco Bags European Imports Posted: 24 Feb 2012 09:15 AM PST Sysco Corporation (NYSE:SYY) has agreed to purchase the specialty food importer European Imports, Ltd., which would help Sysco stand out more prominently in the competitive industry. Though the financial terms of the deal were not disclosed, the acquisition is expected to close within a few weeks. After the completion of the deal, the Chicago-based European Imports will operate as an independent business and will retain its management as well as its employees. Further, being well positioned in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TRW Tops Estimates Posted: 24 Feb 2012 09:00 AM PST TRW Automotive Holdings Corp. (NYSE:TRW) revealed an increase in profit to $238 million or $1.84 per share in the fourth quarter of 2011 from $225 million or $1.72 per share in the same quarter of the prior year (all excluding special items). The profit exceeded the Zacks Consensus Estimate by 29 cents per share. Sales in the quarter escalated 7% to $4.0 billion, driven by higher vehicle production volumes, mainly in North America, and increasing demand for TRW's active and passive safety … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fiserv Enhances Shareholder Value Posted: 24 Feb 2012 09:00 AM PST As part of its effort to enhance shareholder value, the Board of Directors of Fiserv, Inc. (NASDAQ:FISV) has authorized the company to buy back an additional 10 million shares of its common stock. This represents about 7% of the company's outstanding shares in the market. The company has the option of conducting this buy-back program either in the open market or through privately negotiated transaction. This, however, will be in accordance with market condition assessments and other related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street = Lottery Recently? Posted: 24 Feb 2012 08:37 AM PST The stock market always seems like it should be easy when "Monday morning quarterbacking", when we look at what we could have, should have, would have done if we only could have seen the charts as we see them now … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Tops 13K, Stocks Edge Higher On Data Posted: 24 Feb 2012 08:30 AM PST 02/24/12 US equity averages posted a modest gain on an improvement in economic data. Risk appetite rose ahead of next week’s ECB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DexCom’s EPS Misses, Sales Beat Posted: 24 Feb 2012 08:25 AM PST DexCom (NASDAQ:DXCM), a player in the glucose monitoring market, reported fourth-quarter 2011 loss per share of 18 cents, higher than both the Zacks Consensus Estimate of a loss of 17 cents and the year-ago loss of 16 cents per share. Net loss for the quarter increased 24.9% year over year to $12.3 million. For fiscal 2011, loss per share of 68 cents was also above the Zacks Consensus Estimate of a loss of 67 cents but much lower than the year-ago loss of 97 cents per share. Revenues Sales increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OfficeMax Beats, Remains Cautious Posted: 24 Feb 2012 08:10 AM PST Amidst a tough economic environment, OfficeMax Inc. (NYSE:OMX) posted better-than-expected fourth-quarter 2011 results. The quarterly earnings of 17 cents a share beat both the Zacks Consensus Estimate and the prior-year quarter earnings by a penny, on the back of low single-digit growth in the top line and effective cost management. Behind the Headline Total sales climbed 3.9% to $1,835.8 million from the same quarter last year, and also came ahead of the Zacks Consensus Estimate of $1,812 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rallies, Yen Flops Posted: 24 Feb 2012 03:00 AM PST 02/24/12 The Japanese yen hit monthly lows this morning, trading at its lowest level against the dollar since July 2011. Meanwhile, the euro rallied on risk appetite, touching a 2 1/2 month high against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Friday Energy Links Posted: 24 Feb 2012 07:25 AM PST 1. CBS News: Boom times are back in Oklahoma for oil production 2. CBS MoneyWatch — “There is one reason the U.S. economy is recovering: Low gas prices. Natural gas, that is. The price is at a 10-year low and expected to stay that way for awhile. This glut of inexpensive energy is why so many companies have been moving manufacturing back to the U.S. The cheap price has been a boon to many industries, like plastics, fertilizers, chemicals and other things derived from natural gas. It has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Climbs Higher, Well Above $108 Posted: 24 Feb 2012 07:00 AM PST 02/24/12 Front month crude oil prices were inching higher this morning, led by growing Iranian tensions and a surge in the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Marches Towards Critical 1.3600 Resistance, Yen Erosion Continues Posted: 24 Feb 2012 06:47 AM PST Fundamental Headlines - Europe Faces Pressure as G-20 mulls IMF Roll – Bloomberg - Israel Strike Could Push U.S. to War with Iran – Bloomberg - Showing Rising Confidence, U.S. Funds Ready to Invest in Europe – Reuters - Europe's Banker Talks Tough – WSJ - Euro Hits Multimonth Highs – WSJ European Session Summary Trade in the overnight session could hardly be characterized as either risk-on or risk-off, as the U.S. Dollar was in the middle of the pack ahead of trading in New York. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Rise On Data Posted: 24 Feb 2012 01:15 AM PST 02/24/12 The global markets were in rally mode following strong German economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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