Friday, March 9, 2012

DailyMarkets.com - Revenues Decline At Simcere Pharma

DailyMarkets.com - Revenues Decline At Simcere Pharma

Revenues Decline At Simcere Pharma

Posted: 09 Mar 2012 07:50 AM PST

Simcere Pharmaceutical Group (NYSE:SCR) earned 12 cents per American Depository Share (ADS) in the fourth quarter of 2011 as opposed to the prior-year earnings of 16 cents per ADS. Earnings in the quarter were hurt by lower revenues and higher research & development (R&D) expenses. The Zacks Consensus Estimate was 5 cents per share. We note that each ADS stands for two ordinary shares of Simcere Pharma.
Quarterly Details
Revenues at Simcere Pharma declined 9% to $81.2 million in the final … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

February Comps Up At McDonald’s

Posted: 09 Mar 2012 07:40 AM PST

McDonald's Corp. (NYSE:MCD) witnessed a 7.5% upside in global comparable sales (comps) for the month of February. The fast-food chain operator witnessed an uptrend in comps both on a year-over-year basis as well as sequential basis. February sales results reflect the benefit of about three percentage points from an extra day of operation due to leap year. By comparison, overall comps rose 3.9% in February 2011 and 6.7% in the last month. Barring the United States, the fast-food restaurant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonic Comps Rise In 2Q

Posted: 09 Mar 2012 07:20 AM PST

Sonic Corp. (NASDAQ:SONC) recently reported comparable store sales (comps) growth of 3.4% for second quarter of fiscal 2012, driven by a 3.5% rise in franchise drive-ins and 3.1% jump at company drive-ins. Reported result was better than the year-ago increase of 1.2%. In the prior-year-period, same-store sales at franchise drive-ins inched up 1.0% and the same at company-owned drive-ins climbed 2.2%.
Sonic’s first quarter same-store sales for the system increased approximately 0.1% mainly due to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Unveils “new IPad”

Posted: 09 Mar 2012 07:10 AM PST

Apple Inc. (NASDAQ:AAPL) unveiled its latest-version iPad and named it "new iPad" as against the popular belief that it would be called "iPad 3". This reminds us of the time when iPhone 4S was launched, while the world awaited iPhone 5.
The "new iPad" is touted as the next catalyst for the company to drive home the advantage it already enjoys in the tablet market with two-third of market share. The features of the "new iPad" are the main distinguishing factors from its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Respectable Quarter For Merck KGaA

Posted: 09 Mar 2012 07:00 AM PST

Merck KGaA's (MKGAF) earnings per American Depository Receipt (ADR) for the fourth quarter 2011 were in line with the Zacks Consensus Estimate at $2.28, but below the year-ago earnings of $2.42. Higher operating expenses led to the decline in earnings. Full year earnings came in at $10.48 per ADR, beating both the Zacks Consensus Estimate of $10.03 and prior-year earnings of $8.93.
Revenues for the reported quarter climbed 3.42% to $3,542.1 million, surpassing the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Tanks, U.S. Dollar Surges On Nonfarm Payrolls, Greek PSI Deal

Posted: 09 Mar 2012 06:45 AM PST

Fundamental Headlines
- Payrolls in U.S. Climb above 227,000; Jobless Rate Holds at 8.3% – Bloomberg
- Trade Deficit in U.S. Widens to Largest Since October 2008 – Bloomberg
- OPEC Pumps Record Volumes Despite Demand Worries – Reuters
- China Data Show Slowdown – WSJ
- Greece Passes Key Debt Test – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets took another step backwards in the overnight, although it was the European currencies that ultimately led … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: American International Group, Coach, Kirkland’s, Exxon Mobil Corporation

Posted: 09 Mar 2012 06:40 AM PST

    Shares of Exxon Mobil (NYSE:XOM) moved down 1.2% after it said that it expects a year-on-year drop of 3% in its oil and natural gas output for 2012

    The Treasury Department's announcement that it will sell common stock of American International Group's (NYSE:AIG) worth $6 billion dragged the latter's shares down by 3.9%

    Kirkland’s, Inc. (NASDAQ:KIRK) reported fourth-quarter 2011 earnings of $0.78 per share, surpassing the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunTech Posts Wider Loss In Q4

Posted: 09 Mar 2012 06:40 AM PST

Suntech Power Holdings Company Ltd (NYSE:STP) posted fourth quarter 2011 adjusted loss of 76 cents per American Depository Share (EPADS), far wider than the Zacks Consensus Estimate of a loss of 32 cents. The results were a stark contrast to the year-ago adjusted earnings of 32 cents.
Fiscal 2011 adjusted loss came in at $1.33 per share, narrower than the Zacks Consensus Estimate of a loss of $2.19 per share. However, fiscal 2011 adjusted earnings per share came below fiscal 2010 adjusted earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grain Trade Quiet Ahead Of USDA Report

Posted: 09 Mar 2012 06:22 AM PST

Friday, March 9, 2012
Relatively tight U.S. Soybean inventories and the potential for lower Soybean acreage this season may increase the potential for a rally in new-crop Soybean futures this season. One strategy to explore is the purchase of bull call spreads in November Soybean futures options. For example, with November Soybeans trading at 1292.00 as of this writing, he November 1300 calls could be bought and the November 1400 calls sold for 35 cents, or $1,750 per spread, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Employment Report Does Not Disappoint

Posted: 09 Mar 2012 06:20 AM PST

It is hard to use 'good news' and 'Greece' in the same sentence given the unfortunate nation's recent run of bad luck, but we do have some good news out of Greece today. With enough bond holders agreeing to take losses on their Greek government bonds, the country appears on track to complete the contentious bond swap. This should pave the way for the country to receive the fresh bailout from the IMF/EU/ECB troika.
But as welcome as the Greece news is, the market's attention today is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kirkland’s Beats; But EPS Dips Y/Y

Posted: 09 Mar 2012 06:20 AM PST

Kirkland's Inc.'s (NASDAQ:KIRK) fourth-quarter 2011 earnings of 78 cents a share came in ahead of the Zacks Consensus Estimate of 74 cents per share. However, earnings were short of the prior-year quarter's figures by 11.42%.
For fiscal year 2011, Kirkland's earnings of 95 cents per share slipped 25.8% from the year-ago earnings. It however surpassed the Zacks Consensus estimate by 4 cents.
Quarter in Detail
Kirkland's net sales went up 6.8% year over year to $149.1 million from $139.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin’s February AUM Perks Up

Posted: 09 Mar 2012 06:10 AM PST

Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $727.4 billion by its subsidiaries for the end of February 2012. The company's results witnessed a rise of 3.3% from $704.3 billion as of January 31, 2012 and an increase of 4.9% from $693.7 billion as of February 28, 2011.
Month-end total equity assets came in at $301.1 billion, up 4.5% sequentially, but down 1.0% on a year-over-year basis. Of the total equity assets, roughly 73% were from international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trading Volumes Plummet, “Choose Not To Play”

Posted: 09 Mar 2012 05:58 AM PST

"The problem here is, when the public becomes aware of the nature of the game, they may choose not to play. This is the problem not only for Goldman but for Wall Street as a whole if people choose not to play."  
I made that statement in the midst of an interview two years ago while being interviewed by CNBC's Mark Haines (may he rest in eternal peace) about Goldman Sachs. (NYSE:GS) (For those interested you can access that interview here. My comments about Goldman specifically and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

68% Of 2011 Tax Preferences Went To Renewables

Posted: 09 Mar 2012 05:54 AM PST

The chart above is based on data in the Congressional Budget Office’s report “Federal Financial Support for the Development and Production of Fuels and Energy Technologies,” and displays the allocation of energy-related tax preferences for Fiscal Year 2011, by type of fuel or technology.  Of the $20.5 billion in energy-related tax preferences in 2011, 68% and $14 billion went to renewable energy, and 15% and about $3 billion went to fossil fuels, for a ratio of more than $4.50 in tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Beats, Margins Up

Posted: 09 Mar 2012 05:50 AM PST

Shopping mall based specialty retailer, Hot Topic Inc. (NASDAQ:HOTT) reported its fourth-quarter 2011 results with earnings of 21 cents per share. The reported earnings were above the higher end of the company's previously announced guidance range of 19 cents to 20 cents and soared from the prior-period adjusted earnings of 12 cents. The year-over-year increase in quarterly earnings was primarily driven by improved margins resulting from the company's cost reduction initiative. Moreover, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Eagle 4Q Beats, Sales In Line

Posted: 09 Mar 2012 05:35 AM PST

Recently, American Eagle Outfitters Inc. (NYSE:AEO) reported its fourth-quarter 2011 earnings of 35 cents per share, beating the Zacks Consensus Estimate of 34 cents. However, it was lower than the previous-period earnings of 44 cents per share.
For the full year, the company reported earnings of 77 cents per share, missing the Zacks Consensus Estimate of 86 cents and falling below the year-ago earnings of $1.02 per share.
Sales
During the quarter, American Eagle's net sales went up 14% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumeiz Beats By A Penny

Posted: 09 Mar 2012 05:20 AM PST

Backed by strong merchandise, new store opening and e-commerce strategies along with improved margins, specialty retailer Zumiez Inc. (NASDAQ:ZUMZ) reported robust fourth-quarter 2011 result. The quarterly earnings of 60 cents per share beat the Zacks Consensus Estimate of 59 cents and surged 22.4% from the prior-period level of 49 cents.
Fiscal 2011 earnings was $1.20 per share, rising a penny above the Zacks Consensus Estimate of $1.19 per share and the year-ago earnings of 88 cents per share.
Net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Remove Biggest Obstacle To Selling Your Home– Delicate Topic

Posted: 09 Mar 2012 04:27 AM PST

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


Gold Flat, Crude Oil Cautiously Higher Before US Jobs Report

Posted: 09 Mar 2012 01:42 AM PST

Talking Points

Crude Oil, Copper Gain on Hopes US Recovery to Offset Eurozone Headwinds
Gold and Silver Flat as Prices Wait for US Jobs Data to Shape QE3 Outlook

Crude oil and copper prices are edging higher as markets await the closely-watched US employment report, where expectations call for the economy to add 210K jobs in February. While the outcome would mark a narrow slowdown from January, it would mark the strongest there-month period of employment growth since the first quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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