Friday, February 24, 2012

DailyMarkets.com - Solid Quarter For FTI Consulting

DailyMarkets.com - Solid Quarter For FTI Consulting

Solid Quarter For FTI Consulting

Posted: 24 Feb 2012 07:55 AM PST

FTI Consulting Inc.'s (NYSE:FCN) fourth quarter 2011 adjusted earnings of 70 cents per share surpassed the Zacks Consensus Estimate of 67 cents and were 34.6% higher than the year-ago quarter. Including the revaluation gain of 23 cents, earnings came in at 93 cents per share. In fiscal 2011, earnings were $2.39 per share versus $1.38 in the prior year.
Total revenue in the reported quarter jumped 9.8% year over year to $390.7 million. The upside in revenue was driven by solid performance of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autodesk Improves Despite EPS Miss

Posted: 24 Feb 2012 07:35 AM PST

Autodesk Inc. (NASDAQ:ADSK) reported fourth quarter 2012 earnings of 37 cents per share, a penny shy of the Zacks Consensus Estimate. However, earnings per share, including stock-based compensation but excluding one-time charges increased 27.6% year over year on the back of revenue growth across all geographies and business segments.
Revenue
Revenues increased 12.3% year over year to $592.4 million in the reported quarter and surpassed the Zacks Consensus Estimate of $584.0 million. Revenues were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Beats, Books Small Profit

Posted: 24 Feb 2012 07:30 AM PST

Orthopedic devices maker, Wright Medical Group (NASDAQ:WMGI) reported fourth quarter and fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 13 cents and 70 cents, respectively, beating the corresponding Zacks Consensus Estimates of 11 cents and 66 cents.
The company reported minor net income of $1.2 million (or 3 cents per share) in the reported quarter. Net income for the quarter included $3.4 million of expenditure associated with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONMD: Maintaining Outlook / Outperform Rating

Posted: 24 Feb 2012 07:30 AM PST

ONMD:  Maintaining Outlook / Outperform Rating
Brian Marckx, CFA

We have updated our report on OnPoint Medical (ONMD.PK) for recent news and events.  We are maintaining our Outlook, Outperform recommendation and $3.50/share price target.  

Abbott Northwestern Adopts OnPoint’s Software
OnPoint Medical announced in a press release this morning (2/23/12) that Abbott Northwestern, a major Minneapolis, MN-based hospital adopted the company’s MRI QA software for their MRI quality … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Near-term Supply Tightness Supporting Sugar Prices

Posted: 24 Feb 2012 07:18 AM PST

Friday, February 24, 2012
With Sugar supplies remaining tight in the near-term and some important technical indicators favoring Sugar bulls, some traders may wish to explore bullish trading strategies for short-term trades. An example of such a strategy would be to buy a bull call spread in near-term Sugar futures options. For example, with May Sugar trading at 24.77 as of this writing, the April Sugar 24.75 calls could be bought and the April 25.50 calls sold for a net-debit of 0.32, or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TiVo Sees Profit On More Users

Posted: 24 Feb 2012 07:15 AM PST

TiVo Inc's (TIVO) fourth quarter 2012 earnings of 6 cents per share fared very well compared with the Zacks Consensus Estimate of a loss of 25 cents as well as the year-ago quarter loss of 30 cents. The better-than-expected result was driven by higher revenue based on strong subscriber growth and licensing revenue growth resulting from the AT&T Inc. (T) settlement.
Quarter Details
Revenues increased 19.1% year over year to $66.5 million in the fourth quarter and surpassed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bigger And Better Stevia Plants

Posted: 24 Feb 2012 07:15 AM PST

Bigger and Better Stevia plants:
Ian Gilson, CFA

S&W Seed (SANW) has been working with Dr. Clinton Shock for a number of years. Dr Shock, whilst in the Peace Corp. in Paraguay, developed an interest in stevia and collected many samples of stevia plants and seeds from remote villages. Many of these are atypical examples of wild stevia, and they have been made available to S&W Seed. Some of these samples have been crossed with each other and seeds grown and tested for glycoside types and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCIE: $400K More Financing

Posted: 24 Feb 2012 07:15 AM PST

SCIE:  $400K More Financing
Brian Marckx, CFA

In an 8-K filing yesterday (2/23/12) SpectraScience, Inc. (SCIE.PK) announced that they sold $400k (gross) more 5% OID convertibles.  As a reminder, on January 31st the company announced the sale of $600k principal amount of 5% OID convertibles, due July 2012.  The bonds are convertible at $0.0573 per share.  Buyers of the bonds also received five-year warrants to buy up to 50% of the number of shares issuable upon conversion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Umami Reports Second Quarter Results

Posted: 24 Feb 2012 06:50 AM PST

Umami Reports Second Quarter Results
Ian Gilson, CFA
On February 10, 2012 Umami (UMAM) reported its results for the second fiscal quarter of 2012. The numbers were well ahead of our estimates with revenue of $55.6 million and net income for Umami stockholders of $17.4 million or $0.28 per diluted share. Gross margins were more than double year ago levels. Some of the numbers reported for the first quarter have been adjusted and we have incorporated these in our data.

Baja Farms was acquired on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Highs Backed By Data

Posted: 24 Feb 2012 06:50 AM PST

Positive momentum in recent weeks have pushed the broader stock market indexes to new highs. Driving these gains have been consistently strong reports about the U.S. economy and favorable developments on the European front that have reduced the odds of a disorganized Greek default.
But with market expectations catching up with the improving domestic economic scene, it will be increasingly difficult for economic reports to surprise to the upside. The fourth quarter 2011 reporting season made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iconix Surpassed Estimates

Posted: 24 Feb 2012 06:50 AM PST

Iconix Brand Group Inc. (NASDAQ:ICON) delivered better-than-expected fourth quarter 2011 results with adjusted earnings of 41 cents a share, which soared 24.2% from 33 cents a share in the year-ago period. Earnings also surpassed the Zacks Consensus Estimate of 38 cents.
The fiscal 2011 earnings of $1.69 per share also surpassed both the year-ago earnings and the Zacks Consensus Estimate by 25 cents and 3 cents per share, respectively.
The year experienced steady organic strength across its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Bag From Symmetry Medical

Posted: 24 Feb 2012 06:40 AM PST

Orthopedic implants and instruments maker Symmetry Medical's (NYSE:SMA) fourth-quarter fiscal 2011 adjusted earnings of a penny a share missed the Zacks Consensus Estimate of 4 cents and came in well below the year-ago adjusted earnings of 14 cents.
Adjusted earnings exclude facility consolidation expenses, acquisition and legal costs, impairment of intangibles, severance costs and management transition expenses. On a reported basis, the Indiana-based company slipped to a loss in the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ocwen Misses On Higher Expenses

Posted: 24 Feb 2012 06:25 AM PST

Ocwen Financial Corporation(NYSE:OCN) reported fourth quarter 2011 earnings of 8 cents per share, substantially missing the Zacks Consensus Estimate of 29 cents. This also compares unfavorably with the prior-year quarter earnings of 9 cents.
Ocwen's net income for the reported quarter stood at $9.7 million compared with $9.9 million in the year-ago quarter.
For 2011, Ocwen recorded net income of $78.3 million or 71 cents per share versus $38.0 million or 36 cents per share in 2010. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Procter & Gamble Company, Sears Holdings, Vivus

Posted: 24 Feb 2012 06:25 AM PST

    Shares of 3D Systems Corp. (DDD) rose 11.37% after the 3-D printer maker posted better than expected earnings results

    Angie's List Inc's. (ANGI) shares soared 6.98% on Thursday after the consumer-reviews website's projected first-quarter revenue beat analysts' estimates

    Retailer Sears Holdings Corp.'s (NASDAQ:SHLD) share prices surged 18.66% to close at $61.80 after the company announced it was spinning off some of its stores … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Wheeler Underperforms

Posted: 24 Feb 2012 06:05 AM PST

Foster Wheeler AG (NASDAQ:FWLT) reported fourth-quarter 2011 earnings per share from continuing operations of 39 cents compared with 31 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 45 cents.
Including asbestos related provision of 5 cents, earnings per share in the quarter came in at 34 cents compared with 26 cents (asbestos related gain of 5 cent) in the prior-year quarter.
For 2011, earnings per share from continuing operations were $1.43 compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PSA Zooms Ahead Of Estimates

Posted: 24 Feb 2012 05:50 AM PST

Public Storage (NYSE:PSA), a top real estate investment trust (REIT) operating self-storage facilities, reported fourth quarter 2011 FFO (funds from operations) of $1.50 per share, compared with $1.33 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 several non-recurring items, FFO for fourth quarter 2011 was $1.66 per share compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dillard’s Makes Strong 2011 Exit

Posted: 24 Feb 2012 05:40 AM PST

Dillard’s Inc. (NYSE:DDS), a leading fashion apparel, cosmetics and home furnishings retailer, posted strong fourth-quarter and fiscal 2011 earnings results. Quarterly earnings of $2.21 per share outpaced the Zacks Consensus Estimate of $2.00 per share and prior-year quarter earnings of $1.55 per share. On a reported basis, including one-time items, Dillard’s reported fourth-quarter earnings of $2.77 per share compared with the prior-year quarter’s earnings of $1.75 per share.
For fiscal 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liberty Interactive Outperforms

Posted: 24 Feb 2012 05:20 AM PST

Liberty Interactive Inc. (NASDAQ:LINTA) reported solid financial results for the fourth quarter of 2011. Quarterly total revenue of $3,079 million was an improvement of 7% year over year, surpassing the Zacks Consensus Estimate of $3,063 million. Quarterly net income was $304 million or 48 cents per share. Fourth-quarter 2011 EPS of 48 cents was miles ahead of the Zacks Consensus Estimate of 37 cents.
Quarterly total operating income was $408 million compared with $396 million in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quick Charting And Stepping Inside The Crude Oil Breakout

Posted: 24 Feb 2012 05:12 AM PST

Though it's been mentioned frequently on the news, the recent crude oil price breakthrough has been impressive on the charts as well.
Let's take a look at the current structure of Crude Oil and pay special attention to the breakout from consolidation/resistance, as well as the current "Open Air" pocket to watch.
Here's the Daily Chart Structure:

I wanted to highlight the main points of the chart, including two trades that developed for aggressive traders.
First, Oil struggled against … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Great Mortgage Rate Hoax

Posted: 24 Feb 2012 04:05 AM PST

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


A ‘Sensible’ Outline For Housing Solution

Posted: 24 Feb 2012 03:54 AM PST

All reports to the contrary, unless and until our housing market stabilizes you can rest assured that our economy is NOT going to rebound in a meaningful fashion anytime soon.
A wide array of government sponsored mortgage programs to date have yielded very limited support. Uncle Sam has written checks and violated many a moral hazard via these programs but has very little to show for it in  return.
As we enter into 2012 the markets for purchasing vs rental in many geographic regions of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil May Pull Back On Profit-Taking, Metals Aiming Higher

Posted: 24 Feb 2012 01:55 AM PST

Talking Points

Crude Oil May Pull Back on Profit-Taking Absent Fresh Iran News-Flow
Gold, Silver Have Scope to Extend Gains on Dollar Weakness, Inflation Bets
Copper Outlook Favors the Upside Amid Broad Recovery in Risk Appetite

The fundamental landscape remains broadly supportive for commodity prices into the end of the trading week. On the economic data front, US releases are expected to show New Home Sales hit a nine-month high at 315K in January while a revision of February's University … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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