Friday, April 20, 2012

DailyMarkets.com - Microsoft Over PC Market Blues

DailyMarkets.com - Microsoft Over PC Market Blues

Microsoft Over PC Market Blues

Posted: 20 Apr 2012 12:04 PM PDT

Microsoft Corporation's (NASDAQ:MSFT) third quarter results topped the Zacks Consensus Estimate by 3 cents. Despite Gartner's positive revision to PC market estimates (1.9% growth compared to previous estimate of a 1.2% decline), just 3 analysts raised estimates since then.
Since this did not impact the Zacks Consensus, some upside versus estimates was expected. Share prices appreciated 3.1% in after-hours trade.
Revenue
Revenue of $17.41 billion was down 16.7% sequentially and up 6.0% from last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Entergy Expects Weak Q1

Posted: 20 Apr 2012 11:50 AM PDT

Integrated energy company, Entergy Corporation (NYSE:ETR) provided first-quarter 2012 preliminary loss expectation of 87 cents per share on a reported basis and operational earnings of 43 cents per share. First quarter 2012 results included two non-cash charges arising from asset impairment and a write-off of a regulatory asset. Results for first quarter 2011 were $1.38 per share on both an as-reported basis and an operational basis. Entergy also updated its previously issued operational earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Hershey

Posted: 20 Apr 2012 11:35 AM PDT

Chocolate maker, The Hershey Company (NYSE:HSY) is all set to unveil its first quarter 2012 results on April 24, 2012, before the start of trading. The Zacks Consensus Estimate for the first quarter is 81 cents (estimated year-over-year improvement of 12.5%) on revenues of $1.65 billion (year-over-year increase of 5.9%).
Fourth Quarter and Full Year 2011 Recap
Hershey posted fourth quarter 2011 adjusted earnings of 70 cents per share, in line with the Zacks Consensus Estimate. However, it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AT&T

Posted: 20 Apr 2012 11:25 AM PDT

The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is slated to release its first quarter 2012 earnings on April 24, before the opening bell. The current Zacks Consensus Estimate for the first quarter is 57 cents, representing a year-over-year increase of 0.37%.
Looking at surprises, AT&T had average negative surprise of 0.32% in the trailing four quarters. In the year-earlier quarter, the company did not surprise us by reporting in line earnings with our expectation.
At … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Natural Stays Neutral

Posted: 20 Apr 2012 11:10 AM PDT

We are maintaining a Neutral rating on Canadian Natural Resources Ltd. (NYSE:CNQ), reflecting its large, diversified oil and gas asset base, capital investment plans and healthy financial position, partially offset by volatile oil and gas fundamentals.
Calgary, Alberta-based Canadian Natural is engaged in the acquisition, development and exploitation of crude oil and natural gas properties. It is one of the largest independent exploration and production companies in Canada, with extensive heavy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Wolverine

Posted: 20 Apr 2012 10:50 AM PDT

Wolverine World Wide, Inc. (NYSE:WWW), one of the leading designers, manufacturers and marketers of branded footwear and apparel, is scheduled to report its first-quarter 2012 financial results before the opening bell on Monday, April 23, 2012.
The current Zacks Consensus Estimate for the quarter is 54 cents a share, which reflects a decline of 25% from the prior-year quarter's earnings. The estimates in the current Zacks Consensus range between a low of 52 cent and a high of 56 cents a share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Pegs 1Q CAT Loss At $260M

Posted: 20 Apr 2012 10:40 AM PDT

Home and auto insurer, Allstate Corp. (NYSE:ALL) announced its pre-tax catastrophe (CAT) estimates for March 2012 yesterday, stating that it expects losses of about $190 million. Summing up this with the January and February estimates, the company is expected to incur about $260 billion in CAT losses for the first quarter of 2012.
Allstate's first quarter CAT losses include about 15 natural disasters, the cost of which is projected to be about $420 million. However, this was partially negated by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cameron To Buy TTS Energy Biz

Posted: 20 Apr 2012 10:40 AM PDT

Cameron International Corp. (NYSE:CAM) is set to take over TTS Energy Division from TTS Group ASA for a cash payment of $270 million.
The TTS Energy Division is engaged with the supply of high quality drilling equipment, rig packages and rig solutions for both jackup and onshore rigs to customers across the globe.
The division's products comprise drilling rig control systems, top drives, traveling blocks, automated pipe handling along with iron rough necks, drawworks, derrick structures, drill … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Markets Need To Pull Back…but Money Out There Needs To Be Put To Work”

Posted: 20 Apr 2012 10:40 AM PDT

04/20/12 ICAP Equities’ Kenneth Polcari talks global fundamentals, expectations for the FOMC and G20/IMF meetings, along with next week’s key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Watching Mid Caps

Posted: 20 Apr 2012 10:36 AM PDT

Cusick’s Corner 04-20-2012
The last trading day for April options opened to the upside but the market has not done much since that initial burst. Now that’s positive — but the Mid and Small Caps, MDY/IWM respectively, have been chopping in a consolidation, lagging their larger cap compadres. Volume has not been overly strong but if there is a break, 127 on the MDY, 79.50 on IWM, and volume does pick up through those levels, then I would flag potential strength to the shorts. At this stage this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Meets On EPS, Revs Grow

Posted: 20 Apr 2012 10:30 AM PDT

NCR Corp. (NYSE:NCR) posted first quarter 2012 earnings per share of 47 cents, in line with the Zacks Consensus Estimate.
Revenue
NCR Corp. reported revenues of $1.24 billion in the first quarter, up 17.6% from $1.06 billion in the year-ago quarter. Financial services generated revenue of $694.0 million in the reported quarter, up 17.3% year over year. Total orders improved 5.0% in the first quarter compared with a difficult prior-year period.
Moreover, backlog at the end of the first quarter was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive Brokers Lags Estimates

Posted: 20 Apr 2012 10:25 AM PDT

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) first-quarter 2012 earnings per share came in at 24 cents, significantly below the Zacks Consensus Estimate of 32 cents. Also, this compared unfavorably with the year-ago quarter's earnings of 38 cents.
Including, the effect of changes in the U.S. dollar value of Interactive Brokers' non-U.S. subsidiaries, the company reported earnings of 30 cents per share compared with 41 cents in the year-ago quarter.
Interactive Brokers' results were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDonald’s Matches Estimates In 1Q

Posted: 20 Apr 2012 10:25 AM PDT

McDonald's Corporation (NYSE:MCD) posted first quarter 2012 earnings of $1.23 per share, in line with the Zacks Consensus Estimate. Reported earnings were 7% higher than the year-ago level of $1.15 per share.
However, excluding the unfavorable currency impact of one cent in the reported quarter, earnings grew 8.0% year over year. The year-over-year earnings growth was driven by higher comparable store sales across all regions.
Quarter Highlights
The company reported a 7% rise in revenues to $6.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Hikes Distribution Rate

Posted: 20 Apr 2012 10:25 AM PDT

ONEOK Partners, L.P. (NYSE:OKS) reported that its board of directors approved a 2.5 cent increase in the quarterly cash distribution rate. The newly revised distribution rate of 63.5 cent per unit will be effective from the first quarter of 2012 and will be paid on May 15, 2012, to unitholders of record as of April 30, 2012.
The new annualized cash distribution rate of ONEOK Partners will be $2.54 per unit, with a growth of 4.1% from the prior rate of $2.44 per unit. The partnership has constantly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kimberly-Clark Beats Estimates

Posted: 20 Apr 2012 10:10 AM PDT

Kimberly-Clark Corporation (NYSE:KMB) has reported adjusted earnings (excluding pulp and tissue restructuring charges) of $1.24 per share in the first quarter of 2012 nicely beating the Zacks Consensus Estimate of $1.17 per share. The adjusted earnings also surpassed the prior-year quarter earnings of $1.09 per share by 14%.
The bottom line growth was boosted by organic sales growth, cost savings and a lower share count which more than made up for the higher marketing expenses and research and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vertex Reports Positive Data On Incivek

Posted: 20 Apr 2012 10:10 AM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive data from a mid-stage study (PROVE 2) on Incivek (telaprevir), when dosed in combination with pegylated-interferon and ribavirin for the treatment of patients with the IL28B CC genotype hepatitis C. The data demonstrated that patients on Incivek combination therapy achieved 100% viral cure after 12 weeks of treatment.
Vertex Pharma also announced its plans to initiate patient enrollment in a phase IIb study, which will evaluate an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Drilling Activity Leads To Spike In Profit For Schlumberger

Posted: 20 Apr 2012 10:00 AM PDT

04/20/12 Led by strong drilling activity, oil services company Schlumberger said Friday that its profit jumped near 38% in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises On German Data, Tops $104

Posted: 20 Apr 2012 04:13 AM PDT

04/20/12 Front month crude prices were trading above $104 a barrel Friday afternoon following the release of better-than-expected German business sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stockopedia At Master Investor 2012 (Saturday April 21st)

Posted: 20 Apr 2012 05:29 AM PDT

This is just a quick note to say that we will be presenting at Master Investor in Islington tomorrow. If you happen to be there, do swing by – we’ll be on Stand 33.
We’ll be doing some demos of Stockopedia PRO feature set (http://www.stockopedia.co.uk/features) and there will be chances to win free access to the UK Premium plan: http://www.stockopedia.co.uk/plans.
See the event site for more details on the programme, companies attending and speakers: … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outsized Outsourcing Opportunity In The Philippines?

Posted: 19 Apr 2012 10:00 PM PDT

It's no surprise the NBC show, "Outsourced" was set in India—in 2011, revenues for the country's outsourcing and information technology industries reached $100 billion, according to The New York Times. However, if the now-cancelled show gets remade in the future, it may take place in the up-and-coming location of the Philippines.
Historically about 10 percent of the country's GDP growth has been from workers living overseas, sending money back to their families living in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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