Friday, April 27, 2012

DailyMarkets.com - Newell Beats, Reiterates Outlook

DailyMarkets.com - Newell Beats, Reiterates Outlook

Newell Beats, Reiterates Outlook

Posted: 27 Apr 2012 09:53 AM PDT

Newell Rubbermaid Inc. (NYSE:NWL), the producer of Sharpie pens and Rubbermaid containers, reported first-quarter 2012 adjusted earnings per share of 33 cents, up 13.8% from 29 cents in the year-ago quarter, outpacing the Zacks Consensus Estimate of 31 cents.
The earnings growth was driven by positive impact from increased sales volume, lower structural selling, general and administrative expenses as a percentage sales and lower effective tax rate, partially offset by higher input cost inflation. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak 1Q At AstraZeneca, CEO Quits

Posted: 27 Apr 2012 09:48 AM PDT

AstraZeneca (NYSE:AZN) reported first quarter 2012 core adjusted earnings of $1.81 per American Depositary Share (ADS), 4 cents below the Zacks Consensus Estimate. Earnings were down 19% (at constant exchange rates [CER]) year over year. Higher tax rate hurt earnings during the quarter.
AstraZeneca's quarterly revenues fell 11% (at CER) year over year to $7.3 billion, owing to intense generic competition. Revenues were much below the Zacks Consensus Estimate of $7.9 billion.
All growth rates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spanish Unemployment Hits 24.4% !!!

Posted: 27 Apr 2012 09:26 AM PDT

Think Spain is speeding on its way over the proverbial cliff? Let's emphasize the "speeding".
Continuing on our focus today of issues within the EU, Spain — merely the 9th largest economy in the world — announced today that its unemployment rate hit 24.4%. For purposes of context, that rate stood at a relatively mild 7.9% in 2007. 
OUCH…24.4% unemployment is a whole lot of pain!!! 
The BBC offers further insight on this disaster in writing, Spanish Unemployment Hits 5.64 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 1Q For Eastman Chemical

Posted: 27 Apr 2012 09:23 AM PDT

Eastman Chemical Company (NYSE:EMN) reported first-quarter 2012 earnings (from continuing operation) of $1.13 per share, a decline from $1.39 per share a year ago. Excluding costs associated with its imminent acquisition of Solutia and one-time gains, the Tennessee-based chemicals maker earned $1.22 a share in the quarter, which topped the Zacks Consensus estimate of $1.14.
Revenues and Margins
Revenues rose 4% year over year to $1,821 million, but missed the Zacks Consensus Estimate of $1,881 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unilever Posts Positive Top Line

Posted: 27 Apr 2012 09:13 AM PDT

Unilever PLC (NYSE:UL) began the first quarter of the year on an impressive note. The company recorded underlying sales growth (excludingthe impact of acquisitions and disposals) of 8.4% in the first quarter of 2012 driven by both improved pricing and volume gains. The 8.4% growth comprised of a pricing benefit of 4.7% and volume growth of 3.5%. Emerging markets contributed 11.9%, whereas developed markets added 4.2% to the underlying sales growth.
Segment Details (Category-Wise)
Personal Care:The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Countdown Begins! 100 Days Until London 2012

Posted: 27 Apr 2012 09:00 AM PDT

04/27/12 Last week, London’s 2012 Olympic organizers launched a series of events to mark the 100-day countdown to the opening ceremony. Also, the official motto for the 2012 games was revealed, “Inspire a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WY 1Q Beats Estimate

Posted: 27 Apr 2012 08:53 AM PDT

Weyerhaeuser Company (NYSE:WY) reported its financial results for the first quarter 2012 on April 27. Earnings per share were 2 cents and excluded 6 cents (or $32 million) after-tax gains from special items. Results surpassed both the year-ago results and the Zacks Consensus Estimate, that stood at a break-even level.
Revenue
Net sales from continuing operations in the quarter improved roughly 5.1% year over year to $1,494 million. Revenue, however, failed to meet the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Surge For MICROS

Posted: 27 Apr 2012 08:38 AM PDT

MICROS Systems Inc.'s (NASDAQ:MCRS) Non-GAAP earnings per share for the third quarter of fiscal 2012 came in at 56 cents compared with 49 cents in the prior-year quarter and 51 cents in the earlier quarter. This substantially surpassed the Zacks Consensus Estimate of 48 cents.
On a GAAP basis, earnings came in at 53 cents per share, versus 47 cents in the prior-year quarter as well as prior quarter.
Revenues
Revenues were $278 million, up 9.8% year over year and 2.8% sequentially. This was exactly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Turn Higher After Mixed US Data

Posted: 27 Apr 2012 08:30 AM PDT

04/27/12 US stocks digested a weak US GDP report and better-than-expected consumer sentiment reading. Earnings came in mixed with Amazon rallying and Starbucks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Applied Micro Disappoints In 4Q

Posted: 27 Apr 2012 08:23 AM PDT

Applied Micro Circuits Corporation (NASDAQ:AMCC) posted a Non-GAAP net loss of $6.2 million in its fourth quarter of fiscal 2012, compared to a net income of $2.7 million in the previous year quarter and a net loss of $1.1 million in the last quarter. Loss per share came in at 10 cents compared to earnings of 4 cents per share in the year-ago quarter, beating the Zacks Consensus Estimate of a loss of 17 cents per share.
In fiscal 2012, loss per share came in at 9 cents compared to earnings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ResMed Posts Encouraging 3Q

Posted: 27 Apr 2012 08:09 AM PDT

ResMed Inc. (NYSE:RMD) reported EPS of 44 cents in the third quarter of fiscal 2012, beating the Zacks Consensus Estimate of 41 cents and also the year-ago EPS by 29%. Apart from increased sales and higher margin, a 6.4% fall in shares outstanding contributed to the bottom line improvement.
Revenues increased 11% year over year (up 13% at constant exchange rates or CER) to $349.1 million and surpassed the Zacks Consensus Estimate of $340 million. Based on a favorable product mix and vastly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US GDP Miss Pushes Dollar Lower

Posted: 27 Apr 2012 03:00 AM PDT

04/27/12 The US dollar continued to trade lower against the euro, pound and yen following the release of US GDP data. Italy’s bond auction tempered EU debt jitters following the S&P downgrade of Spain’s credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Quarter’s 2.2% GDP Stronger Than Fourth Quarter’s 3.0%

Posted: 27 Apr 2012 07:15 AM PDT

This morning's initial first quarter real GDP increase at a 2.2 percent annual rate was stronger than the fourth quarter's 3.0 percent after adjustment for volatile inventory fluctuations. An inventory buildup accounted for two-thirds of the fourth quarter increase. Real Final Sales—GDP minus inventories—grew only 1.1 percent in the first quarter versus 1.6 percent in the first quarter. I would argue that the first quarter was a bit stronger than the fourth. Of course, there will be two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Investors Can Learn From The Five Regrets Of The Dying

Posted: 27 Apr 2012 02:58 AM PDT

I read a lot of blogs, and one of the memes echoing from wall to wall out there on the blogosphere originates from a book written by an Australian nurse called 'The Top Five Regrets of the Dying'. Having spent years working in palliative care she shared the longings of the departing which were then summarised neatly in a Guardian article published under the same name.

Given that the market is so aimless right now, but everyone seems so busy, I've grown reflective of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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