Wednesday, February 29, 2012

DailyMarkets.com - Scientific Games Reports Weak 4Q

DailyMarkets.com - Scientific Games Reports Weak 4Q

Scientific Games Reports Weak 4Q

Posted: 29 Feb 2012 08:00 AM PST

Scientific Games Corp. (SGMS) reported breakeven results for the fourth quarter of 2011, way below the Zacks Consensus earnings Estimate of 10 cents. Earnings in the reported quarter also declined from 3 cents per share in the year-ago quarter.
Quarter Details
Total revenue increased 12.7% year over year to $239.1 million, primarily driven by strong instant ticket sales, higher sales of lottery systems and terminals and better-than-expected service revenues.
Instant ticket revenues rose 0.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 4Q For Tech Data

Posted: 29 Feb 2012 07:40 AM PST

Information technology (IT) products distributor, Tech Data Corp. (NASDAQ:TECD) reported fourth quarter 2012 earnings of $1.75 per share comprehensively beating the Zacks Consensus Estimate by a dime. Reported earnings increased 7.4% year over year, primarily driven by aggressive share buyback activity during the quarter.
Quarter Details
Total revenue of $7.11 billion in the quarter remained flat on a year-over-year basis and missed our estimate of $7.16 billion. Unfavorable foreign currency effect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JOE Misses Estimates, Still In Red

Posted: 29 Feb 2012 07:25 AM PST

The St. Joe Company (NYSE:JOE), a publicly held real estate company, reported a net loss of $328.6 million or $3.56 per share in fourth quarter 2011 compared with a net loss of $2.7 million or 3 cents in the year-earlier quarter. The year-over-year decrease in earnings was primarily due to a pre-tax non-cash impairment charge of $374.8 million or $3.50 per share after-tax, excluding which the recurring earnings for the reported quarter were (6 cents) per share that missed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Breaks Above Topside Trendline Resistance

Posted: 29 Feb 2012 07:18 AM PST

Forex Trading: EURUSD Falls Below The 100 Hour MA At The 1.3416 Level And Stops Triggered

Posted: 29 Feb 2012 07:17 AM PST

The less than positive comments from Bernanke has pushed the price lower in the EURUSD on risk off. The price also fell below the 100 hour MA at the 1.3415 level and stops were triggered. The price scooted down to 1.3387 which was a tick below the low from yesterday. Traders will want to see the correction hold below the 1.3415 level in order to judge the commitment of the sellers. Look for sellers against this level with further stops below the 1.3387 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Warnaco Falls Shy By A Penny

Posted: 29 Feb 2012 07:16 AM PST

Warnaco Group Inc. (NYSE:WRC) registered fourth quarter 2011 adjusted earnings of 97 cents per share, which missed the Zacks Consensus Estimate by a penny. However, it exceeded the prior-year earnings of71 cents per share by 31%. For fiscal 2011, income per diluted share from continuing operations on an adjusted, non-GAAP, basis increased 11% to $3.96 compared with$3.57 in fiscal 2010. It also missed the Zacks Consensus estimate by a penny.
The upswing came on the back of success in Calvin Klein … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News From GDP, ECB

Posted: 29 Feb 2012 06:59 AM PST

While we do have some favorable-looking headlines out of Europe this morning, with the European Central Bank (ECB) injecting further funds into the region's banking system, the focus today will likely be on the U.S. economy. On that count, the GDP report was a positive surprise.

We also have Bernanke's testimony to the House Financial Services committee and the Chicago PMI reading on the docket for release a little later. It will be interesting to see if the market can consolidate its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Refining Ups Y/Y

Posted: 29 Feb 2012 06:59 AM PST

Oil refiner and marketer Western Refining Inc. (NYSE:WNR) posted mixed fourth-quarter and full-year 2011 results, reflecting the efficient execution of its strategic plan, strong margins and lower interest expense, partially offset by lower throughput.
The company reported earnings per share, excluding special items, of 48 cents in the quarter, missing the Zacks Consensus Estimate of 51 cents. However, results improved considerably from the fourth-quarter 2010 loss of 4 cents per share aided by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Rally, Euro Stumbles After ECB’s LTRO

Posted: 29 Feb 2012 06:45 AM PST

Fundamental Headlines
- Goldman, Wells Cite SEC Enforcement Threat – Bloomberg
- Post-Qaddafi Libya Hobbled as Misrata Thrives – Bloomberg
- GDP Revised up to 3 Percent in Fourth-Quarter – Reuters
- ECB Free Money May Carry a Cost – WSJ
- ECB Allots €529.5 Billion in Long-Term Refinancing Operation – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets were well-bid in the Asian session, but the majority of the move higher came after the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copart Exceeds Estimates

Posted: 29 Feb 2012 06:40 AM PST

Copart, Inc. (NASDAQ:CPRT) posted a robust 54% increase in profits to 71 cents per share (excluding impairment charges) in the second quarter of its fiscal year ended January 31, 2012 from 46 cents per share in the same quarter of the prior fiscal year.
The company's profits exceeded the Zacks Consensus Estimate by 12 cents per share. In absolute terms, profits went up 30% to $49.4 million (excluding impairment charges) from $37.9 million in the second quarter of fiscal 2011.
Revenues in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Bullish Soybean Fundamentals Overcome Technical Resistance?

Posted: 29 Feb 2012 06:23 AM PST

Wednesday, February 29, 2012
For the past year or so, the May/July Soybean spread has traded in a range from a 10-cent May Premium to about a 10-cent May discount vs. July. The spread is currently trading near the low end of this price range (a 7.5-cent May discount), and recent momentum has begun to favor May gaining on the July contract. Given the potential bullish supply situation in Soybeans, some traders may perhaps wish to explore buying May Soybeans and selling July Soybeans in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vocus Beats Estimates, Guides Firm

Posted: 29 Feb 2012 06:21 AM PST

Vocus Inc.'s (NASDAQ:VOCS) fourth quarter 2011 adjusted earnings per share (EPS) of 7 cents outpaced the Zacks Consensus Estimate by 6 cents.
The trend among organizations to woo customers through online social networking sites boosted the demand for Vocus' products and services, and in turn the quarter's earnings beat. Vocus saw increasing popularity of its new marketing and PR suite launched during the quarter.
The adjusted earnings figure excludes amortization of intangible assets, fair … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apollo Group, Intel, Micron Technology, Priceline.com Incorporated, Rowan Companies

Posted: 29 Feb 2012 06:21 AM PST

    Semiconductor maker Micron Technology Inc.'s (NYSE:MU) shares advanced 3.74% to close at $8.88 after Intel Corp. (NASDAQ:INTC) said it plans to sell off its stake in two wafer factories to Micron

    Share prices of Priceline.com Inc. (NASDAQ:PCLN) gained 6.97% after the global online-travel agency’s fourth-quarter profit came in above the market expectations. Separately, the company also reported strong growth in bookings

    Private education provider … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big 5 Tops, Meets Guidance

Posted: 29 Feb 2012 06:05 AM PST

Sporting products retailer,Big 5 Sporting Goods Corp. (NASDAQ:BGFV) reported better-than-expected fourth-quarter and fiscal 2011 results. The quarterly adjusted earnings of 5 cents per share came a penny ahead of the Zacks Consensus Estimate of 4 cents per share. The results also met the higher end of the company's recently revised guidance range of 2–5 cents. However, adjusted earnings trailed 80% from 25 cents per share reported in the same quarter last year.
For fiscal 2011, Big 5 reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liberty Media Outperforms

Posted: 29 Feb 2012 05:55 AM PST

Liberty Media Corp. (LMCA) reported strong financial results for the fourth quarter of 2011, driven by solid performance of its Starz premium cable TV business. Quarterly total revenue increased an enormous 96% to $973 million, surpassing the Zacks Consensus Estimate of $304 million. Quarterly GAAP net income was $434 million or $4.87 per share compared with a net income of $889 million or $10.53 per share. Quarterly EPS of $4.87 was significantly higher than the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Personal Finance: Who Needs An Umbrella Policy?

Posted: 29 Feb 2012 05:50 AM PST

02/29/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, discusses the ins and outs of an umbrella policy. The insurance policy has been growing in popularity and offers additional protection not covered by auto or homeowner’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Solar Misses, Outlook Dim

Posted: 29 Feb 2012 05:46 AM PST

First Solar Inc. (NASDAQ:FSLR) fell below the Zacks Consensus earnings per share (EPS) estimate of $1.57 by 31 cents to clock adjusted earnings of only $1.26 in the fourth quarter of fiscal 2011. It also came below the year-ago quarterly EPS of $1.88.
On a reported basis loss came in at $4.78 per share in the fourth quarter of fiscal 2011 versus earnings of $1.80 per share in the year-ago quarter. The sharp variance in the reported quarter was due to charges associated with a non-cash goodwill … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Overseas Shipholding Beats In 4Q

Posted: 29 Feb 2012 05:26 AM PST

Overseas Shipholding Group Inc. (NYSE:OSG), the second largest independent oil tanker company in the world, reported improved financial results for the fourth quarter of 2011. However, the company suffered losses for the eleventh straight quarters.
Quarterly Shipping revenue was nearly $257.8 million, up 11.1% year over year. Fourth-quarter Time Charter Equivalent (TCE) revenue was $190.1 million, up 3.8% year over year, beating the Zacks Consensus Estimate of $184 million. TCE revenue represents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ultimate “Insider Trading” Is A Job For Serpico

Posted: 29 Feb 2012 03:27 AM PST

Michael Douglas? Have we gone totally soft?
Does America need to call on Michael Douglas, as the FBI recently did, to promote that "greed really is not good"?
Call me unimpressed.
Whom would Sense on Cents like to see as the 2012 face to counteract  insider trading activity on Wall Street? Not Michael Douglas but more on this later.
There are many others to whom America might care to listen to understand basic virtues and values. That said, while many in America may be somewhat amused … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains On ECB LTRO Results, Gold Looks Ahead To Bernanke

Posted: 29 Feb 2012 03:00 AM PST

Talking Points

Crude Oil, Copper Rise with Risky Assets After ECB LTRO Results
Gold and Silver Underperform as US Dollar Yields Mixed Response

Commodity prices are inching higher after the ECB allotted €529.5 billion via its second 3-year LTRO, topping expectations for a €470 billion result. As we discussed previously, the outcome is broadly positive for the global economic growth outlook in that it downgrades the threat of a Eurozone-driven global credit squeeze. With that in mind, it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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