Friday, April 20, 2012

DailyMarkets.com - Honeywell In-Line With Estimate

DailyMarkets.com - Honeywell In-Line With Estimate

Honeywell In-Line With Estimate

Posted: 20 Apr 2012 10:00 AM PDT

Honeywell International Inc.'s (NYSE:HON) reported first-quarter 2012 earnings results before the market opened today. Earnings per share from continuing operations were $1.04 in the reported quarter, inline with the Zacks Consensus Estimate. The company had a good quarter with its earnings increasing at double digit rate. Margins expanded by 70 bps.
Total Revenue
Total revenue was $9.3 billion, an increase of 7% year over year. Sales growth in the US was a driving factor for the company, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Praxair Wins Contract In Mexico

Posted: 20 Apr 2012 09:50 AM PDT

Industrial gas producer and supplier, Praxair Inc. (NYSE:PX) takes a step forward in strengthening its foothold in the industrial belts of Mexico. Recently, the company announced a contract with the Mexican steel major, Deacero. The contract is expected to provide Praxair opportunities to tap the growing needs of gases in Mexico.
As per the terms of the contract, Praxair Mexico will supply oxygen, argon and nitrogen to one of the major industrial regions in Mexico. Praxair will build a new air … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Costs Dampen Hanesbrands’ 1Q

Posted: 20 Apr 2012 09:35 AM PDT

Hanesbrands Inc. (NYSE:HBI) reported loss per share of 27 cents in its first quarter 2012, down 155.1% from the prior-year quarter. However, the company fared well as compared with the Zacks Consensus Estimate of a loss of 33 cents per share.
Sharp uptick in cotton prices during the quarter affected the margins, eventually dragging the company to report loss.
Revenues and Operating Profits
Total revenue for the quarter slipped 2.7% to $1,008.3 million from $1,036.4 million in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Expeditors Sees Less Profit In Q1

Posted: 20 Apr 2012 09:25 AM PDT

One of the leading third-party logistic (3PL) providers, Expeditors International of Washington Inc. (NASDAQ:EXPD) announced its first quarter 2012 earnings estimates in the range of 35–37 cents per share.
The earnings estimate indicates a decline from Expeditors' fourth quarter earnings of 43 cents a share. Currently, the Zacks Consensus Estimate is pegged at 43 cents representing a 2.18% growth on an annualized basis.
Given the global economic meltdown that affected the demand trend, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HGSI Turns Down Glaxo’s Offer

Posted: 20 Apr 2012 09:10 AM PDT

Human Genome Sciences, Inc. (NASDAQ:HGSI) recently rejected GlaxoSmithKline's (NYSE:GSK) offer to acquire the company for $13 per share in cash. Human Genome's board of directors rejected the offer as they believe that the offer price undervalues the company. The offer price of $13 per share represents an 81% premium over Human Genome's closing share price on April 18, 2012.
Human Genome is currently evaluating options regarding its future, including its potential sale. Glaxo has been invited to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Altera Misses By A Penny

Posted: 20 Apr 2012 08:50 AM PDT

Chipmaker Altera Corporation (NASDAQ:ALTR) reported sales of $383.8 million in the first quarter of 2012, down 16% sequentially and 28% year over year.
The reported revenues missed the management's revised guidance of $416.5 million – $425.9 million.
Management stated that the decline in Altera's first-quarter revenue was more severe than the company expected. This was primarily due to a significant decrease in demand late in the quarter by Telecom and Wireless customers. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TCF Financial Reports Loss, Rev Up

Posted: 20 Apr 2012 08:35 AM PDT

TCF Financial Corporation (NYSE:TCB) reported first-quarter 2012 adjusted net loss of $1.78 per share, better than the Zacks Consensus Estimate loss of $1.81. Adjusted figure includes after-tax charge of $1.87 per share, associated with the repositioning of certain investments and borrowings of TCF Financial's balance sheet.
Excluding one-time after-tax charges of $295.8 million, net income stood at $12.9 million or 9 cents per share, down from $16.4 million or 10 cents per share in the prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rambus Reports Loss In Q1

Posted: 20 Apr 2012 08:25 AM PDT

Rambus Inc. (NASDAQ:RMBS) posted first quarter 2012 adjusted loss per share of 3 cents, missing the Zacks Consensus Estimate of a penny. Adjusted earnings per share exclude other patent royalties received, acquisition costs and retention bonus, amortization, costs of restatement and related legal activities, as well as non-cash interest expense on convertible notes but include stock-based compensation expenses. Shares plunged 3.75% in the after hours.
Revenue
Rambus reported total revenue of $62.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Revenues Slip At Actelion

Posted: 20 Apr 2012 08:10 AM PDT

Actelion Ltd. (ALIOF) reported first quarter 2012 earnings of 71 cents per American Depository Receipt (ADR), down 49% from the prior-year earnings of $1.39. Results were hurt by lower revenues. Earnings were above the Zacks Consensus Estimate of 66 cents.
First Quarter Details
The company reported net revenue of approximately $453 million, down 19.3% from $561 million reported in the first quarter of 2011. Revenues were short of the Zacks Consensus Estimate of $468 million. The decline in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Gets Boost From Earnings

Posted: 20 Apr 2012 08:10 AM PDT

04/20/12 US stocks opened higher following strong earnings from key Dow components. An improvement in German business confidence eased some concerns over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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