Monday, February 6, 2012

DailyMarkets.com - Sohu Beats On Strong Sales

DailyMarkets.com - Sohu Beats On Strong Sales

Sohu Beats On Strong Sales

Posted: 06 Feb 2012 07:57 AM PST

A leading online brand and Internet portal in China, Sohu.com Inc.'s (SOHU) fourth quarter 2011 earnings came ahead of the Zacks Consensus Estimate by four cents. Reported earnings increased 21.8% year over year to $1.27 per share (including stock-based compensation). However, it fell short of the company's guided range of $1.30 to $1.35. Fourth quarter earnings exclude Sohu's non-controlling interest in the online gaming company Changyou.com Ltd. (CYOU).
Revenue
Total revenue increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Origin Oil Inks A Commercial Agreement

Posted: 06 Feb 2012 07:57 AM PST

Origin Oil inks a commercial agreement
Ian Gilson, CFA

Algae producer Aquaviridis and Origin Oil (OOIL) have signed a commercial agreement to co-develop a algae production system in Mexico, south of Mexicali, Mexico, about 20 miles south of the US border, in Ejido Nuevo Leon, Baja California. In this region there are a number of geothermal water sources as well as normal aquifers. Carbon dioxide is also available as well as lots of hot sunny days.

Aquaviridis intends to produce high value … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Trends Reports Sluggish Sales

Posted: 06 Feb 2012 07:57 AM PST

Citi Trends Inc. (NASDAQ:CTRN), retailer of fashion apparel and accessories in U.S., continued its sluggish performance as it recently posted weak fourth-quarter comparable store sales.
Citi Trends witnessed a decrease of 6.2% in comparable store sales in the fourth quarter of 2011. Month wise, comparable store sales decreased 10.7% in November, 2.3% in December and 11.2% in January.    
However, amid this gloom, total sales increased 3.7% year over year to $178.4 million during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AZN Beats Estimates By A Whisker

Posted: 06 Feb 2012 07:25 AM PST

AstraZeneca (NYSE:AZN) reported fourth-quarter 2011 core adjusted earnings of $1.61 per American Depositary Share ("ADS"), a penny above the Zacks Consensus Estimate of $1.60. Earnings were up 12% (at constant exchange rates [CER]) year over year, benefiting from share repurchases, lower tax rate and lower net finance expense.
AstraZeneca's quarterly revenues remained flat (at CER) year over year at $8.7 billion, owing to intense generic competition and government price interventions. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unilever’s EPS Stays Flat Y/Y

Posted: 06 Feb 2012 07:05 AM PST

Unilever NV (NYSE:UN) delivered earnings of €1.46 ($2.03) per share in the fiscal year 2011, in line with the prior-year period. Core-earnings increased 4% from the 2010 period to €1.41 ($1.96). Profits went up based on acquisitions and disposals along with higher sales.
Consolidated Revenue and Margins
Unilever's net sales in 2011 increased 5.0% to €46.5 billion ($64.7 billion) compared with the prior-year period. The upswing came on the back of acquisitions and disposals, which delivered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navigant Comfortably Beats In 4Q

Posted: 06 Feb 2012 06:55 AM PST

Navigant Consulting Inc. (NYSE:NCI) has reported fourth-quarter 2011 adjusted earnings per share of 22 cents, comfortably beating the Zacks Consensus Estimate of 19 cents as well as the year-earlier earnings of 15 cents per share. GAAP net income per share came in at 21 cents compared with one cent in the year ago quarter.
Navigant's total revenue jumped 7.7% year over year to $197.0 million. Revenues before reimbursements rose 5.7% year over year to $171.0 million. Moreover, consultant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novo Nordisk Posts Solid 4Q

Posted: 06 Feb 2012 06:55 AM PST

Novo Nordisk (NYSE:NVO) reported earnings of $1.51 per American Depository Receipt (ADR), in the fourth quarter 2011, much above the Zacks Consensus Estimate of $1.24. Earnings were also ahead of the prior-year earnings of $1.35 per ADR. The earnings outperformance was driven by robust top-line growth in the quarter.
Total revenues were up 12% (in local currencies) over the prior-year period in the fourth quarter. The top-line growth was driven primarily by strong performance of diabetes drug … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Estee Lauder Companies, Gilead Sciences, Genworth Financial Inc, Idenix Pharmaceuticals, Sony Corporation

Posted: 06 Feb 2012 06:30 AM PST

    Estee Lauder Companies, Inc.'s (NYSE:EL) second quarter 2012 quarterly earnings increased 17% year over year to $1.00 per share, but missed the Zacks Consensus Estimate of $1.01 by a penny

    After concerns arose that Idenix Pharmaceuticals, Inc.'s (NASDAQ:IDIX) hepatitis C drug would be unable  to compete with Gilead Sciences, Inc. (NASDAQ:GILD) drug, shares of Idenix declined by 11.5%

    Genworth Financial Inc's (NYSE:GNW) fourth quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Back Toward The Days Low

Posted: 06 Feb 2012 06:22 AM PST

The EURUSD tested the 38.2% of the move down from the high on Friday and rotated back lower. The low from last week came in at the 1.3026 level. The low today came in at 1.3029.  The range from last week was a narrow 201 pips. There were only 4 weeks in 2011 when the range was less than this amount.   The expectation would be for a larger range this week.  Therefore on a break of either range this week, look for momentum.

The next target on the downside on a break would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Breaks Above Trend Line Resistance

Posted: 06 Feb 2012 06:22 AM PST

Keeping Positive Momentum Not Easy Today

Posted: 06 Feb 2012 06:21 AM PST

With nothing major on the U.S. economic calendar and Greece back in the news today, stocks will likely find it difficult to sustain last week's positive momentum. In fact, with earnings season winding down and major economic data for last month already out, the market lacks in any major near-term catalyst that can help it make new highs.
Despite regular assurances to the contrary over the last few weeks, Greece has still not clinched a deal with its creditors, private and public. The focus in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dr. Reddy’s Going Strong

Posted: 06 Feb 2012 06:21 AM PST

Dr. Reddy's Laboratories (NYSE:RDY) reported third quarter fiscal 2012 earnings per American Depositary Share (ADS) of 60 cents, significantly above the year-ago earnings of 30 cents per ADS. Higher revenues boosted earnings.
Quarter at a Glance
The company reported revenues of $522 million during the quarter, reflecting a year-over-year increase of 46%. Dr. Reddy's reports revenues under two segments – Global Generics and Pharmaceutical Services & Active Ingredients (PSAI). While … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monday Morning Links

Posted: 06 Feb 2012 06:09 AM PST

1. Cuban dissident blogger Yoani Sanchez has been denied permission attend a film festival in Brazil, marking the 19th time in recent years that she has been denied an exit visa by the Cuban government.

2. The oil boom in western North Dakota is starting to head to the eastern part of the state.

3.  The credit card has hardly changed since the 1950s. If they really wanted to simplify our lives, the heads of Visa, MasterCard and American Express would take a trip to Kenya and learn about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Clorox Beats, Expects Higher Sales

Posted: 06 Feb 2012 06:05 AM PST

Despite macroeconomic headwinds and inflationary input cost situation, Clorox Corporation (NYSE:CLX) posted better-than-expected second-quarter 2012 results. During the quarter, earnings per share climbed over 16% to 79 cents compared with the prior-period earnings of 68 cents, beating the Zacks Consensus Estimate of 69 cents per share.
The company's year-over-year earnings growth was primarily driven by benefits from cost-saving initiatives and price increases. However, higher raw material, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MAC Reports In Sync With Estimates

Posted: 06 Feb 2012 05:51 AM PST

Macerich Co. (NYSE:MAC), a real estate investment trust (REIT), reported fourth quarter 2011 FFO (fund from operations) of $118.8 million or 83 cents per share compared with $108.9 million or 77 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.
Adjusted FFO in the reported quarter was $124.6 million or 87 cents per share versus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abiomed Tops, Swings To Black

Posted: 06 Feb 2012 05:35 AM PST

Leading cardiac assist devices maker Abiomed's (NASDAQ:ABMD) third-quarter fiscal 2012 adjusted (excluding one-time items other than stock-based compensation expenses) earnings per share of 6 cents outstripped the Zacks Consensus Estimate of a loss of 1 cent.
On a reported basis, the Massachusetts-based company swung to a profit in the quarter as it saw robust sales for its popular Impella cardiac pumps (including Impella 2.5 and 5.0). The Impella pumps are used for the support of acute pre-shock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Royal Caribbean Exceeds Estimate

Posted: 06 Feb 2012 05:25 AM PST

Royal Caribbean Cruises Ltd. (NYSE:RCL) has reported fourth-quarter 2011 earnings of 17 cents per share, surpassing the Zacks Consensus Estimate of 14 cents. Earnings showed a modest improvement from 15 cents per share posted the year earlier. For full-fiscal 2011, earnings were $2.77 per share versus $2.37 in 2010.
Quarter Highlights
Total revenue in the quarter increased 10.7% year over year to $1,775.4 million.  In full-fiscal 2011, total revenue was up 11.7% year over year at $7.54 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Naming Weather Fronts In Germany, But It Backfired For BMW AG’s Mini

Posted: 06 Feb 2012 05:02 AM PST

WSJ — “A cold front that has raged across much of Europe over the past week has brought arctic temperatures, icy high winds and dozens of deaths. In addition to its human toll, it has been a marketing snafu for BMW AG’s Mini brand.

Germany lets people—or companies—pick and sponsor the names of weather fronts. In recent years, these corporate weather sponsors have ranged from News Corp.’s 20th Century Fox—which paid for the names Yoda, Luke and Leia to promote the “Star Wars” film … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WSLweek50-sulsenti

Posted: 06 Feb 2012 04:00 AM PST

02/06/12 NYFP’s Wall Street Lingo: Lous Sulsenti of Pragma continues his talk of tech innovations this episode, mostly focusing on ‘Cloud Computing” and how it may play an important role in the markets in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Montier’s C-Score: Are Your Favourite Stocks Cooking The Books?

Posted: 06 Feb 2012 12:57 AM PST

Last week, we looked at James Montier’s three-pronged approach to shorting stocks. Following on from that, it’s also worth mentioning a useful accounting test that he developed in the context of shorting called the C-Score (C apparently stands for cheating or cooking the books). It’s similar in nature to the Beneish M-Score, i.e. it’s focused on identifying tell-tale signs / quantitative red flags which accompany bad accounting practice.
Even if you don’t fancy shorting individual stocks (given … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Super Bowl Stock Market Indicator

Posted: 05 Feb 2012 09:15 PM PST

02/06/12 NYFP’s “This Week in Wall Street History”: Before the big game, Kenneth Polcari of ICAP discusses the “Super Bowl Stock Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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