Thursday, April 26, 2012

DailyMarkets.com - Glaxo Misses Estimates Again

DailyMarkets.com - Glaxo Misses Estimates Again

Glaxo Misses Estimates Again

Posted: 26 Apr 2012 07:53 AM PDT

GlaxoSmithKline (NYSE:GSK) reported first quarter earnings of 84 cents per American Depository Share (ADS), missing the Zacks Consensus Estimate of 92 cents. Earnings grew 7% year over year at constant exchange rates (CER). Revenues increased 2% year over year at CER to $10.5 billion. However, revenues came in below the Zacks Consensus Estimate of $10.8 billion.
The Quarter in Detail
Pharmaceuticals and Vaccines and Consumer Healthcare sales grew 2% and 1%, respectively. Price cuts in the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Robust 1Q For Las Vegas Sands

Posted: 26 Apr 2012 07:38 AM PDT

Nevada-based Las Vegas Sands Corp. (NYSE:LVS) recently reported adjusted earnings of 70 cents per share in the first quarter of 2012, surpassing the Zacks Consensus Estimate of 60 cents and 89.2% higher than the year-ago quarter earnings of 37 cents per share.
On a GAAP basis, the company reported a net income of $498.9 million or 61 cents per share compared with $228.2 million or 28 cent per share in the year-ago quarter. The improvement primarily reflects a rise in operating income and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra Beats, Ups EPS Guidance

Posted: 26 Apr 2012 07:23 AM PDT

Integra LifeSciences Holdings Corporation (NASDAQ:IART) reported EPS of 23 cents in the first quarter of fiscal 2012 compared with 38 cents in the year-ago quarter. Adjusted EPS increased 7.6% year over year to 71 cents and comfortably beating the Zacks Consensus Estimate of 61 cents.
Total revenue during the quarter increased 8% year over year (9% at constant exchange rates or CER) to $196.2 million and came ahead of the Zacks Consensus Estimate of $193 million. The healthy revenue growth was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive 1Q At Equifax

Posted: 26 Apr 2012 07:08 AM PDT

Equifax Inc. (NYSE:EFX) has posted first quarter 2012 adjusted earnings per share (EPS) of 70 cents surpassing the Zacks Consensus Estimate of 65 cents. Results were up 20.7% from 58 cents reported in the year-ago quarter. The adjusted EPS excludes acquisition-related amortization expense. Management attributed the improvement to diverse product offerings, which expanded Equifax' scope within the market.
Revenue
Revenue grew 10.6% year over year to $522.7 million. The revenue figure came within … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Lack Of Confience Sends Euro Lower

Posted: 26 Apr 2012 07:00 AM PDT

04/26/12 The euro was in the red Thursday, dropping against its safer-haven counterparts, following a weak reading in eurozone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OOIL Update

Posted: 26 Apr 2012 06:53 AM PDT

OOIL Update
Ian Gilson, CFA
The separation of oil and water from flowback liquids from fracking oil bearing formations outlined below has been validated by PACE Engineering, a civil engineering firm in Fountain Valley, California. The Algae Appliance was able to remove 98% of the organic material in one pass (including crude oil), which is substantially more than the 78% removed by conventional methods. After a third treatment the chemical oxygen demand was reduced and the water … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Stalled, Earnings Mixed

Posted: 26 Apr 2012 06:53 AM PDT

This morning's earnings reports are not too bad if we realize that not every company can do what Apple (NASDAQ:AAPL) did the other day. That said, we do have a few uninspiring reports this morning from bellwether operators like Exxon (NYSE:XOM) and United Parcel Service (NYSE:UPS) that puts Apple's outperformance in its appropriate context. While we can't say that this morning's earnings reports are altogether disappointing, there is no other way of describing Jobless Claims reading. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crown Castle’s EPS Meets, Revs Beat

Posted: 26 Apr 2012 06:53 AM PDT

Crown Castle International Inc. (NYSE:CCI) declared first quarter 2012 financial results, with the bottom line meeting the Zacks Consensus Estimate but revenues exceeding the same. The company also raised its second quarter and fiscal 2012 guidance mainly based on the acquisition of Wireless Capital Partners and NextG Networks.
Net profit
Quarterly GAAP net income was approximately $50.3 million or 17 cents per share compared with a net income of $40 million or 12 cents per share in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japanese Yen Rebounds Sharply As US Dollar Slides After FOMC

Posted: 26 Apr 2012 06:41 AM PDT

Fundamental Headlines
- Geithner Says Economy Faces Risk from Europe Crisis, Iran – Bloomberg
- High Court Skeptical of Obama's Use of Power as Campaign Starts – Bloomberg
- Euro-zone Woes Keep Banks Wary after Q1 Bounce – Reuters
- Draghi Urges 'Growth Pact' – WSJ
- Fed Holds Rates Steady, but Outlook Shifts – WSJ
European Session Summary
In what has been an already volatile trading week, the Federal Reserve's policy meeting yesterday threw a monkey wrench in conventional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Realty Reports In Line

Posted: 26 Apr 2012 06:39 AM PDT

Duke Realty Corp. (DRE) reported first quarter 2012 FFO (fund from operations) of $57.4 million or 21 cents per share compared with $71.8 million or 27 cents per share in the year-ago 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 certain one-time items, recurring FFO for the quarter was $63.8 million or 24 cents per share compared with $72.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apple, Boeing Company, Caterpillar, Coca-Cola Company, Eli Lilly And Company

Posted: 26 Apr 2012 06:34 AM PDT

    Apple Inc. (NASDAQ:AAPL) soared by 8.9% on Wednesday, a day after the company released second quarter earnings per share of $12.30, breezing past the Zacks Consensus Estimate of $10.03

    The Coca-Cola Company's (NYSE:KO) board of directors approved a plan to issue a two-for-one stock split, which will become effective after a special shareholder vote to be held on July 10

    Caterpillar Inc. (NYSE:CAT) posted first quarter earnings per share of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The SEC Vs Whistleblowers: Round 2

Posted: 26 Apr 2012 06:28 AM PDT

Yesterday's story regarding the SEC inadvertently or not blowing the cover of a whistleblower generated a lot of interest here at Sense on Cents and elsewhere. So much interest in fact that parties in both camps, the SEC and the whistleblower, got right back in the ring to make their case.
While I have my own strongly held beliefs, stated yesterday, as to the real driving force within SEC Enforcement, fairness dictates that I highlight competing views as well. On that note, what does the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xilinx Tops, Shares Up

Posted: 26 Apr 2012 06:24 AM PDT

Xilinx Inc. (NASDAQ:XLNX) recently posted net income of $134.1 million or 49 cents per diluted share in the fourth quarter of fiscal 2012 compared with a net income of $127.0 million or 47 cents per share in the third quarter of fiscal 2012 and a net income of $160.1 million or 59 cents per diluted share in the year-ago quarter.
However, the result easily beats the Zacks Consensus Estimate of 41 cents per share.
California-based Xilinx Inc. designs and manufactures a broad range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tellabs Disappoints Yet Again

Posted: 26 Apr 2012 06:08 AM PDT

Tellabs Inc. (NASDAQ:TLAB) declared disappointing first-quarter 2012 financial results, missing the Zacks Consensus Estimates yet again. Quarterly total revenue of $257.9 million was down 20% year over year, and well below the Zacks Consensus Estimate of $277 million. All the three reporting segments of Tellabs witnessed sales reductions.
On a GAAP basis, net loss in the first quarter of 2012 was $139.8 million or a loss of 38 cent per share compared with a net loss of $24.1 million or 7 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CAKE Beats By A Penny

Posted: 26 Apr 2012 06:01 AM PDT

California-based Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 37 cents a share in the first quarter of fiscal 2012, outpacing the Zacks Consensus Estimate by a penny and the year-ago earnings of 34 cents.
Cheesecake Factory's revenues spiked 4.1% year over year to $435.8 million. The upside in the top line was attributable to a rise in comps.
Inside the Headline Numbers
Comparable restaurant sales grew 2.4% in the reported quarter, reflecting growth for the ninth consecutive quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CAKE Beats By A Penny

Posted: 26 Apr 2012 06:01 AM PDT

California-based Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 37 cents a share in the first quarter of fiscal 2012, outpacing the Zacks Consensus Estimate by a penny and the year-ago earnings of 34 cents.
Cheesecake Factory's revenues spiked 4.1% year over year to $435.8 million. The upside in the top line was attributable to a rise in comps.
Inside the Headline Numbers
Comparable restaurant sales grew 2.4% in the reported quarter, reflecting growth for the ninth consecutive quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Stocks Lower On Data, US Jobs Report

Posted: 26 Apr 2012 01:00 AM PDT

04/26/12 Global equities were in the red Thursday morning on disappointing readings on euro-zone confidence and the domestic labor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Excellent 1Q For Time Warner Cable

Posted: 26 Apr 2012 05:55 AM PDT

Time Warner Cable Inc. (NYSE:TWC) reported robust first-quarter 2012 financial results, with both the top line and bottom line beating the Zacks Consensus Estimate. There are primarily three reasons for this solid performance: (1) newly acquired entities, e.g. Insight, NewWave, and NeviSite enhanced the company's overall financials. Besides, growth rate of revenue exceeds the growth rate of operating expenses (2) increasing demand for residential high-speed Internet services (3) continuation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LSI Tops Expectations, Shares Up

Posted: 26 Apr 2012 05:55 AM PDT

LSI Corporation (NYSE:LSI) generated revenues of $622 million in the first quarter of 2012, up 30.0% year over year and up 19.0% sequentially and surpassed management's revised guidance of $585 million and $685 million.
The growth in revenues was driven by a snapback in HDD business, better-than-expected strength in its newly acquired SandForce flash business and growth in networking investment areas.
On May 6, 2011, LSI completed the sale of its external storage systems business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Seasonality Hits VALE’s 1Q

Posted: 26 Apr 2012 05:45 AM PDT

On April 25, Vale S.A (VALE) released its financial results for the first quarter of 2012. The company's net earnings in the quarter were 74 cents per ADR, on a fully diluted basis, down drastically from $1.29 per ADR in the year-ago quarter. The results missed the Zacks Consensus Estimate of 79 cents per ADR. The earnings suffered a negative seasonality effect of abnormal rainfall combined with the consequences of price reduction in iron ore and pellet.
Revenue: Gross operating revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citrix Beats, Raises Outlook

Posted: 26 Apr 2012 05:26 AM PDT

Citrix Systems Inc. (NASDAQ:CTXS) declared robust financial results for the first quarter of 2011, significantly above the Zacks Consensus Estimates. Quarterly net revenue was $589.5 million, up 20% year over year, easily surpassing the Zacks Consensus Estimate of $562 million. GAAP net income was $68.3 million or 36 cents per share compared with $73.5 million or 39 cents per share in the prior-year quarter. Quarterly adjusted EPS of 45 cents was miles ahead of the Zacks Consensus Estimate of 39 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Montpelier Outshines

Posted: 26 Apr 2012 04:54 AM PDT

Montpelier Re Holdings Ltd. (NYSE:MRH) reported first quarter 2012 operating income of $1.23 per share, breezed past the Zacks Consensus of 65 cents and thus, reversed the loss of $1.90 incurred in the prior-year quarter. Operating income of $75.7 million, compared favorably with the loss of $118.9 million in first quarter 2011.
Including net realized investment gains of $28.2 million, net unrealized investment gains of $4.2 million, net gains from investment-related derivative instruments of $1.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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