Tuesday, April 17, 2012

DailyMarkets.com - Earnings Preview: Boston Scientific

DailyMarkets.com - Earnings Preview: Boston Scientific

Earnings Preview: Boston Scientific

Posted: 17 Apr 2012 11:50 AM PDT

Boston Scientific (NYSE:BSX) is scheduled to release its first quarter fiscal 2012 earnings on Thursday, April 19, 2012, before the market opens. The company is expected to report earnings per share ("EPS") of 8 cents on revenue of $1.858 billion for the quarter, according to the Zacks Consensus Estimate.
The company's guidance for the quarter is adjusted EPS of 5–8 cents on revenue of $1.825−$1.90 billion. For the fiscal, the company expects revenue and adjusted EPS in the range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunPower Focuses On Cost

Posted: 17 Apr 2012 11:35 AM PDT

SunPower Corporation (NASDAQ:SPWR) announced that its manufacturing cost reduction initiatives remain on track, including its step reduction program, which will reduce the number of steps in the manufacturing process by 15% by the end of 2012.
As a result of the company’s continued cost reduction progress at its cell fabrication plant (Fab) 2 and 3 manufacturing facilities, it made the strategic decision to consolidate its Philippines manufacturing operations into Fab 2 and begin reorganizing Fab 1. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Baxter

Posted: 17 Apr 2012 11:20 AM PDT

Baxter International (NYSE:BAX) is slated to report its first-quarter 2012 results on Thursday, April 19. The current Zacks Consensus Estimate for the quarter is $0.99, representing an estimated 1.38% annualized increase.
Fourth Quarter Recap
Baxter reported fourth quarter adjusted (excluding one-time items) earnings per share of $1.17, just beating the Zacks Consensus Estimate of $1.16, and surpassing the year-ago earnings of $1.11. Reported net income increased to $463 million (or 82 per share) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Textron Gets U.S. Navy Contract

Posted: 17 Apr 2012 11:10 AM PDT

AAI Unmanned Aircraft Systems, a unit of Textron Inc. (NYSE:TXT), has received the U.S. Navy’s Intelligence, Surveillance and Reconnaissance ("ISR") Services multiple-award contract with tenure of over five years. The contract with the maximum value of $874 million is awarded to three companies. Textron Inc. numbers among them.
The company's multi-mission capable Aerosonde Small Unmanned Aircraft System ("SUAS") is the key reason for this award win. Per the contract, the company will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Halliburton

Posted: 17 Apr 2012 10:50 AM PDT

Major oilfield services provider Halliburton Company (HAL) is scheduled to report its first quarter 2012 results on Wednesday April 18, 2012 before the start of trading.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 86 cents per share (with a downside risk of 2.33%) on revenues of $6.8 billion. In the year-ago quarter, Halliburton recorded a gain of 61 cents per share, while sales came in at $5.3 billion.
 Fourth Quarter Recap
Halliburton's fourth-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costa: “Today’s Rally…pent Up Money”

Posted: 17 Apr 2012 10:50 AM PDT

04/17/12 Empire Executions’ Peter Costa weighs in on today’s stock market rally, US economic data and concerns over the EU PIIGS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Finds Santos Oil Again

Posted: 17 Apr 2012 10:40 AM PDT

Barely a few days after announcing the successful drilling of the extension exploratory well in the Iara Evaluation Area of Brazil's Santos Basin, Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) encountered an offshore reserve of fine quality oil, near the Lula field in the same basin.
Petrobras drilled the well 1-RJS-689A (1-BRSA-925A RJS), commonly known as Dolomita Sul, in Block BM-S-42, 177 km off the coast of Rio de Janeiro State and at 1,747 meters deep waters.
Petrobras, which is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNX Provides Production Update

Posted: 17 Apr 2012 10:20 AM PDT

Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) provided its first quarter 2012 gas and coal production updates, and also reaffirmed its second quarter and fiscal 2012 production numbers.
First Quarter 2012 Production Numbers
CONSOL Energy’s coal segment produced 15.7 million tons in the first quarter of 2012 compared with 17.2 million tons in the year-ago quarter. The decline in production is the result of the idling of the longwall system at the Blacksville Mine and Buchanan mines.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lincare Beats EPS, Misses Revenue

Posted: 17 Apr 2012 10:00 AM PDT

Lincare Holdings Inc. (NASDAQ:LNCR), a respiratory therapy and medical devices company, reported its first quarter fiscal 2012 adjusted earnings per share of 54 cents, beating the Zacks Consensus Estimate by a penny and surpassing the year-ago earnings per share of 49 cents. In the reported quarter, profit remained flat year over year at $46.4 million.
Revenue
Revenues rose 16% year over year to $500.9 million, narrowly missing the Zacks Consensus Estimate of $501 million. The year-over-year revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comerica Tops On Revenues

Posted: 17 Apr 2012 10:00 AM PDT

Comerica Incorporated (NYSE:CMA) reported first-quarter 2012 earnings of 66 cents per share, comfortably beating the Zacks Consensus Estimate of 55 cents. Results also compared favorably with earnings per share of 48 cents (60 cents excluding certain items) in the prior quarter and 57 cents in the year-ago quarter. 
Comerica's results reflected growth in its top line. The company experienced growth in its average loans, helped by higher average commercial loans. Average deposits also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Bancorp Tops, Keeps Mood Upbeat

Posted: 17 Apr 2012 09:50 AM PDT

U.S. Bancorp's (NYSE:USB) first-quarter 2012 earnings of 67 cents per share were 3 cents ahead of the Zacks Consensus Estimate. Results were ahead of the prior-year quarter's earnings of 52 cents. Moreover, it compared favorably with earnings of 64 cents per share (excluding certain one time items) in the prior quarter.  
The better-than-expected results at U.S. Bancorp were driven by year-over-year growth in revenue, which was supported by increases in net interest income, fee-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

State Street Misses, Revs Up

Posted: 17 Apr 2012 09:50 AM PDT

State Street Corporation (NYSE:STT) reported first quarter 2012 operating earnings per share of 84 cents, marginally below the Zacks Consensus Estimate of 86 cents. This compares unfavorably with the previous quarter earnings of 93 cents and the prior-year quarter earnings of 88 cents.
The year-over-year results were negatively impacted by lower fee income and a rise in expenses. However, these were partly offset by higher net interest revenue. Moreover, capital ratios were stable during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DuPont

Posted: 17 Apr 2012 09:50 AM PDT

E. I. Du Pont de Nemours and Company (NYSE:DD) is scheduled to report its first-quarter 2012 results before the market opens on Thursday, April 19. The Zacks Consensus Estimate for the quarter is $1.55 per share, representing an estimated year-over-year increase of 2.11%.
With respect to earnings surprises, the company outdid the Zacks Consensus Estimate in the trailing four quarters. This is reflected in the average earnings surprise of 10.81%, with positive surprises in all the four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ViroPharma Inks Deal With Prasco

Posted: 17 Apr 2012 09:35 AM PDT

ViroPharma Inc. (NASDAQ:VPHM) recently entered into a supply and distribution agreement with Prasco Laboratories for the marketing of the authorized generic version of ViroPharma's drug, Vancocin (vancomycin) in the US. Prasco plans to immediately launch its generic drug in the 125 mg and 250 mg dosage formulations.
Vancocin is approved for the treatment of antibiotic-associated pseudomembranous colitis caused by clostridium difficile infection (CDI), or C. difficile, and enterocolitis caused by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Beats On Volume

Posted: 17 Apr 2012 09:20 AM PDT

The Coca-Cola Company (NYSE:KO) delivered adjusted operating earnings of 89 cents per share in the first quarter of 2012, beating the Zacks Consensus Estimate by a penny. Earnings were also above the prior-year adjusted earnings of 86 cents per share driven by strong revenue and volume growth which made up for margin declines.

In the quarter, net revenues increased 6% year over year to $11.1 billion, benefiting from an increase in concentrate (syrups, powders, etc. used in finished beverages) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alexion Is An Outperformer

Posted: 17 Apr 2012 09:20 AM PDT

We are upgrading Alexion Pharmaceuticals (NASDAQ:ALXN) to Outperform from Neutral on valuation grounds – we believe that there is significant scope for upside from current levels.
In February 2012, Alexion Pharma announced encouraging fourth quarter and full year 2011 results. Alexion Pharma earned $0.36 per share in the final quarter of 2011, beating the Zacks Consensus Estimate by $0.07 thanks to strong Soliris sales. Soliris, Alexion's sole marketed product, is available in the US, EU, Japan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Microsoft

Posted: 17 Apr 2012 09:05 AM PDT

Microsoft Corp.(NASDAQ:MSFT) is scheduled to announce its third quarter fiscal 2012 results on April 19, 2012, and we notice limited movements in analyst estimates.
Prior-Quarter Synopsis
Microsoft's second quarter results were a couple of cents higher than the Zacks Consensus Estimate. Though the client PC business was slightly impacted by the Thai flooding, all other areas of the business saw good growth in the quarter.
Revenue was up 20.2% sequentially and 4.7% from last year to $20.89 billion, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Verizon

Posted: 17 Apr 2012 08:50 AM PDT

The largest U.S. mobile service provider Verizon Communications (NYSE:VZ) is slated to release its first quarter 2012 earnings on April 18, before the opening bell. The current Zacks Consensus Estimate is pegged at 57 cents for the first quarter, representing a year-over-year increase of 12.59%.
With respect to surprises, Verizon had a 1.25% average positive earnings surprise in the trailing four quarters. In the year-earlier quarter, the company had surprised us by reporting earnings 2.0% higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denison Mines And Energy Fuels Create Largest U.S. Pure Play Uranium Producer

Posted: 17 Apr 2012 08:48 AM PDT

Today an important news item comes across the wires which is related to one of our select companies Denison Mines.  Energy Fuels and Denison Mines Corp.  today announced that they have entered into an Agreement to complete a transaction which will create the largest 100% U.S. Pure-Play Uranium Producers.
For several months we have been alerting our readers to an increase in M&A activity especially in the undervalued U.S. uranium miners.  This new entity will hold one of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Manpower

Posted: 17 Apr 2012 08:35 AM PDT

ManpowerGroup (NYSE:MAN), the global leader in the employment services industry, is scheduled to report its first-quarter 2012 financial results on Friday, April 20, 2012.
The current Zacks Consensus Estimate for the quarter is 35 cents a share, which reflects a decline of 18.6% from the prior-year quarter's earnings of 43 cents. The estimates in the current Zacks Consensus range between a low of 32 cents and a high of 37 cents a share. The Zacks Consensus estimates revenue at $5,001 million for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waste Management Opens New Plant

Posted: 17 Apr 2012 08:25 AM PDT

Waste Management (NYSE:WM) has opened a Gas-To-Energy power plant at Lockwood Landfill in Northern Nevada. The Gas-To-Energy power plant, the first and the only one in Nevada, has been built to meet the growing demand for renewable energy.
Lockwood Landfill, going online since March, will be producing electricity from garbage (landfill) that cannot be recycled. The power plant will be using landfill gas to produce up to 3.2 megawatts of electricity; enough for powering more than 1,800 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Recovers 13K, Extend Gain On Earnings

Posted: 17 Apr 2012 08:20 AM PDT

04/17/12 Wall Street opened higher with the Dow soaring above 13,000. Easing concerns over the Euro-zone and better-than-expected earnings reports helped lift the major equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Marriott

Posted: 17 Apr 2012 08:10 AM PDT

Marriott International Inc. (MAR), a leading worldwide hospitality company,is slated to release its first-quarter 2012 results on Wednesday, April 18, after the market closes. The current Zacks Consensus Estimate for the first quarter stands at 29 cents per share.
Earnings Surprise
With respect to earnings surprises over the trailing four quarters, Marriott has outperformed the Zacks Consensus Estimate in one quarter, missed the same in two and posted in-line result in one.  The earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises Just Below $104 On Strong European Data

Posted: 17 Apr 2012 07:05 AM PDT

04/17/12 Better-than-expected data out of the European economies helped push front month crude prices higher alongside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds On Spain Bill Auction, German Data

Posted: 17 Apr 2012 01:55 AM PDT

04/17/12 The euro climbed Tuesday as strong demand at a Spanish debt auction and better-than-expected German economic data kept risk appetite … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Kasparov’s Weaknesses Can Help You Beat The Market

Posted: 17 Apr 2012 02:38 AM PDT

While the upstart Magnus Carlsen looks a phenomenal talent, in the world of chess few would dispute that the achievements of Garry Kasparov are second to none. In spite of Kasparov's many great achievements he is perhaps unfairly best remembered as being the first world champion to lose a match against a computer – IBM's Deep Blue in 1997. The news kicked up a media firestorm that challenged the superiority of the human mind over computers, leading to many asking the question – would the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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