Wednesday, February 22, 2012

DailyMarkets.com - PSB Beats FFO Estimates

DailyMarkets.com - PSB Beats FFO Estimates

PSB Beats FFO Estimates

Posted: 22 Feb 2012 07:50 AM PST

PS Business Parks Inc. (NYSE:PSB), a real estate investment trust (REIT), reported fourth quarter 2011 FFO (fund from operations) of $32.8 million or $1.04 per share compared to $31.7 million or 99 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding the non-recurring items, recurring FFO for the reported quarter was $1.13 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Deckers Outdoor

Posted: 22 Feb 2012 07:50 AM PST

Deckers Outdoor Corporation (NASDAQ:DECK) is slated to report its fourth-quarter 2011 financial results on February 23, 2012. The Zacks Consensus Estimate for the quarter stands at $3.12 per share, representing an estimated year-over-year increase of about 37%. Revenue, as per the Zacks Consensus Estimate, is $562 million.
Previous Quarter Performance
Deckers delivered better-than-expected third-quarter 2011 results on the heels of healthy demand for the product lines under the UGG and Teva brands, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DISH Network

Posted: 22 Feb 2012 07:50 AM PST

DISH Network Corp.(NASDAQ:DISH) is scheduled to release its fourth quarter 2011 results on Thursday, February 23, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 61 cents per share, representing an annualized growth of 9.57%.
With respect to earnings surprises over the trailing four quarters, DISH has outperformed the Zacks Consensus Estimate in two of the four quarters. The average earnings surprise was a positive 1.89%, implying that the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD On The Back Burner Today. Looking For An Extension Of The Narrow Range

Posted: 22 Feb 2012 07:18 AM PST

The EURUSD is confined in a narrow trading range today (54 pips) as the GBPUSD and the USDJPY has taken center stage.  Discounting the Christmas week at the end of of December, the low to high trading range is one of the most narrow trading ranges in the EURUSD going back to September 2010 (April 22nd there was a range of 55 pips, in September 2010, there was a day with a 54 pip trading  range).  The expectation would be for an extension of the range.  The average range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Trends Higher

Posted: 22 Feb 2012 07:18 AM PST

The USDJPY has trended higher after consolidating into the close yesterday. The 100 and 200 bar MA on the 5 minute chart was going sideways and converging. The range was narrow adding to the non trending nature of the market. When the price started to move, momentum developed and the trend was on. 
Looking at the 5 minute chart above, the price has moved steadily higher, using the 100 bar MA and trendlines on the 5 minute chart as support.  In the early NY session, the price extended … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economic Lessons In The News

Posted: 22 Feb 2012 07:15 AM PST

1. The U.K. government is learning about the economic lesson that “if you tax something, you get less of it.”  Following an increase in the top marginal income tax rate to 50%, tax revenues from high-income taxpayers are falling, and are not going up, as the Treasury somehow expected by ignoring the economic lesson that “people respond to incentives.” A U.K. Treasury official explained the disappointing drop in tax revenues by saying it “was partly due to highly-paid individuals arranging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake Lags Consensus

Posted: 22 Feb 2012 07:10 AM PST

Natural gas provider, Chesapeake Energy Corp. (NYSE:CHK) has reported adjusted fourth quarter 2011 earnings of 58 cents per share, missing the Zacks Consensus Estimate by a penny. The reported figure also showed a decline from the year-earlier profit of 70 cents. The underperformance came on the back of a nearly 26% decline in average price realizations for natural gas.
Full-year 2011 adjusted earnings declined more than 5% to $2.80 per share from last year's profit level of $2.95. The full-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong 4Q For CRA International

Posted: 22 Feb 2012 06:50 AM PST

Boston, Massachusetts-based CRA International Inc. (NASDAQ:CRAI) reported pro forma earnings of 40 cents per share in the fourth quarter of 2011, handily beating both the Zacks Consensus Estimate of 31 cents per share and the year-ago quarter earnings of 35 cents per share.
Net earnings per share on a GAAP basis was 42 cents, which was substantially higher than the year-ago level of 17 cents.
The better-than-expected results were aided by an active pipeline for both litigation and management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Momentum Builds As Greek Concerns Linger

Posted: 22 Feb 2012 06:48 AM PST

Fundamental Headlines
- Greek Bailout Wins Two Cheers from Wary Investors – Bloomberg
- Obama Readies Plan to Cut Corporate Tax Rate – Bloomberg
- Iran Defiant as U.N. Nuclear Talks Fail – Reuters
- Fitch Downgrades Greece – WSJ
- Despite Pact, Unease Lingers for Greece – WSJ
European Session Summary
The move to risk-aversion continues, even as the EURUSD has steadied following the second Greek bailout yesterday. Indeed, higher yielding currencies and risk-correlated assets have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Architecture Indexes And Homebuilder ETF: Has A Turning Point In Construction Arrived?

Posted: 22 Feb 2012 06:37 AM PST

February 22, 2012 – “On the heels of consecutive months of strengthening business conditions, the Architecture Billings Index (ABI) has now reached positive territory three months in a row (see red line in chart above). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the January ABI score was 50.9, following a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fresenius’ 4Q EPS Meets, Sales Miss

Posted: 22 Feb 2012 06:36 AM PST

Fresenius Medical Care (NYSE:FMS), the world’s largest dialysis company, posted fourth-quarter 2011 earnings per share of $1.02, in line with the Zacks Consensus Estimate while exceeding the year-ago earnings of 90 cents. Net income (attributable to the company) shot up 14% year over year to $310 million on the back of higher revenues.
For the year, earnings of $3.54 a share missed the Zacks Consensus Estimate by a penny while surpassing the year-ago earnings of $3.25. Profit (attributable to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intuit Beats, Guides Firmly

Posted: 22 Feb 2012 06:25 AM PST

Intuit Inc. (NASDAQ:INTU) reported second quarter 2012 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 36 cents. Shares increased 3.44% in the after-hour trade. The outperformance came on solid consumer tax revenue as well as effective management of marketing, sales, and employee expenses.
Revenue
Intuit reported revenues of $1.02 billion in the second quarter, up 16.1% from $878.0 million in the prior-year quarter. Reported revenue was in line with the higher end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: CH Energy Group, Corcept Therapeutics Incorporated, Hecla Mining Company, Prestige Brand Holdings

Posted: 22 Feb 2012 06:25 AM PST

    Developers of proprietary biocatalyst Codexis Inc. (CDXS) announced that its president and chief executive has resigned

    Canada's Fortis Inc. revealed that its plans to purchase CH Energy Group Inc. (NYSE:CHG) for $66 per share. Following this development, shares of CH Energy surged 12.68% to end the day at $66.22

    Shares of oil exploration company Cobalt International Energy Inc. (NSYE:CIE) slid 6.05% following the company’s decision … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Dearth Of Positive Catalysts

Posted: 22 Feb 2012 06:25 AM PST

Stocks will likely struggle for direction given the absence of any positive catalysts that can push them to new highs. Greece will remain in the news, as the country suffered a credit rating downgrade from Fitch following the release of details about the private sector debt swap.
There is growing unease in the market that while the latest deal may have averted the possibility of a disruptive near-term default it is not expected to provide the last word on the country's struggles to stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recent Rally In Natural Gas Prices May Be Short-lived

Posted: 22 Feb 2012 06:23 AM PST

Wednesday, February 22, 2012
A quick look at the daily chart for May Natural Gas shows strong resistance near the 3.000 level. Some traders who are expecting this resistance level to hold may wish to explore selling call credit spreads in Natural Gas futures options with strike prices at or above this important resistance area. For example, with May Gas trading at 2.850 as of this writing, the May 3.000 calls could be sold and the May 3.300 calls bought for a net-credit of 0.075, or $750 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests Fibo Support.

Posted: 22 Feb 2012 06:23 AM PST

The GBPUSD has moved below the 100 day MA at the 1.5692 level (blue line in the chart above). The pair is testing the 38.2% of the 2011 low to high trading range at the 1.56614 level (low 1.5659 currently).  The break below the 100 day MA is negative for the pair but failure to break the 38.2% could solicit some profit taking.  Traders will be eyeing the 1.5684 level which is the 38.2% of the last leg down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reliance Steel Beats Estimates

Posted: 22 Feb 2012 06:06 AM PST

Reliance Steel & Aluminum Co.(NYSE:RS) reported net income of $67.9 million or 91 cents per share in the fourth quarter of 2011 compared with $39.5 million or 53 cents per share in the prior-year quarter. Results exceeded the Zacks Consensus Estimate of 78 cents per share. For full-year 2011, Reliance Steel posted net income of $343.8 million or $4.58 per share compared with $194.4 million or $2.61 per share in 2010.
Revenue
Quarterly sales were $2.03 billion, up 28% from $1.58 billion in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nabors Outperforms In 4Q

Posted: 22 Feb 2012 05:55 AM PST

Global land drilling contractor Nabors Industries Ltd. (NYSE:NBR) reported impressive fourth quarter 2011 results, backed by strong performances by the U.S. Offshore and Pressure Pumping units and lower interest expense.
Earnings per share from continuous operations (excluding special items) came in at 52 cents, surpassing Zacks Consensus Estimate of 50 cents. Comparing year over year, results improved 18.2% from 44 cents (adjusted) earned in the year-ago quarter.
Revenues of $1,739.9 million were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DTS Inc.

Posted: 22 Feb 2012 05:41 AM PST

Entertainment technology provider DTS Inc. (DTSI) is scheduled to announce its fourth quarter 2011 results after the market closes today. We expect the company to earn 40 cents per share in this quarter based on an estimated 8.0% year-over-year growth in revenue to $29.0 million.
Prior-Quarter Recap
DTS posted lackluster third quarter results, which missed the Zacks Consensus Estimate on both the top and bottom lines. DTS reported third quarter 2011 earnings (excluding amortization but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cheesecake Beats By A Penny

Posted: 22 Feb 2012 05:35 AM PST

California-based Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 53 cents a share in the fourth quarter of fiscal 2011, outpacing the Zacks Consensus Estimate by a penny and the year-ago quarter earnings of 36 cents. One extra week of operation helped the company to attain higher earnings. In full-fiscal 2011, earnings per share were $1.64 versus $1.35 in 2010.
Cheesecake's revenues spiked 14.6% year over year to $477.7 million. The upside in the top line was attributable to a rise in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Understanding The Basic Language Of Option Trading

Posted: 22 Feb 2012 05:33 AM PST

"Anticipate the difficult by managing the easy."
                         ~ Lao Tzu ~
The peculiar vocabulary and concepts inhabiting an options trader's thoughts are often the source of confusion to visitors to my world. I have often pondered that learning to understand options is a lot like learning a foreign language. When you arrive in the country whose language you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cousins Properties Beats Estimates

Posted: 22 Feb 2012 05:25 AM PST

Cousins Properties Inc. (NYSE:CUZ), a real estate investment trust (REIT), reported fourth quarter 2011 FFO (fund from operations) loss of $110.2 million or $1.06 per share, compared with FFO of $10.0 million or $0.10 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization and other non-cash expenses to net income.
Excluding certain non-recurring items, recurring FFO for the reported quarter was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Falls To 100 Day MA And Fibo Retracement Support. USDJPY Breaks Above 80.00

Posted: 22 Feb 2012 05:18 AM PST

Questions For President Obama: Who Is Dropping Out Along Our Economic Landscape And Why?

Posted: 22 Feb 2012 03:28 AM PST

This commentary provides a wealth of details and data. I firmly believe it covers the most important issues which will determine the future health and prosperity of our nation. It is a little lengthy and for some perhaps overly sensitive—dare I say politically incorrect—but I hope you will take the time to read, review, and comment upon it. Thanks. LD 
While there are plenty of pols in Washington and elsewhere whom would like to paint a picture of a land divided along class lines, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold At Risk As Dollar Recovers, Crude Oil Supported By Iran Tensions

Posted: 22 Feb 2012 01:55 AM PST

Talking Points

Crude Oil Likely to Remain Well-Supported on Iran-Linked Tensions
Gold, Silver Buoyed by Inflation Bets But US Dollar Gains May Weigh
Copper Vulnerable as S&P 500 Futures Point Toward Risk Aversion

Tensions between Western powers and Iran continue to push crude oil prices higher, with the WTI contract touching the highest since May 2011 yesterday. Scanning recent developments, the situation remains volatile. While Tehran has at least delayed (if not cancelled) planned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment