DailyMarkets.com - NY Times Beats, Ad Revenue Falls

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• NY Times Beats, Ad Revenue Falls
• LabCorp Beats In A Milder 1Q
• BofA Results Not Up To Snuff
• Honeywell Connects With Inmarsat
• Brisk Planting Pace Shakes Out Corn Bulls
• Earnings Preview: Amgen
• FDA Approves Qiagen’s IVD Products
• CBL Acquires Outlet Centers
• Stock Market News Briefs: Brookline Bancorp, Greenhill, SXC Health Solutions Corp., Virginia Commerce Bancorp
• F5 Beats As Rev Grows
• UNH Beats Estimates, Ups Guidance
• BB&T Beats Estimates, Revs Upped
• Marriot A Penny Ahead, Ups Outlook
• Turnaround Story Continues At EBay
• Turnaround Story Continues At EBay
• VMware Tops Estimates
• Philip Morris Beats Estimates
• HDFC Bank’s Profit Up On Higher Rev
• Verizon Outperforms, Adds Users
• Plexus Tops Estimates In 2Q
• UFPI On High Demand, Beats Est.
• Badger Meter Outperforms
• OriginOil: Extending The Algae Appliance Technology
• SWK’s Q1 Lags, Reiterates Outlook
• Dover Outperforms, Ups Guidance
• Renewal Contract For Unisys
• US Stocks Edge Higher, Data Disappoints
• Euro Lower, BOJ Keeps Yen Soft
• Spanish Bond Auction, Banking Earnings Lifting Global Stocks

NY Times Beats, Ad Revenue Falls Posted: 19 Apr 2012 10:05 AM PDT The New York Times Company (NYSE:NYT) recently posted better-than-expected first-quarter 2012 results. The quarterly earnings of 8 cents a share breezed past the Zacks Consensus Estimate of 2 cents, and was substantially higher than break-even results posted in the prior-year quarter. Both the comparable quarters exclude the results of Regional Media Group as it was discontinued.   On a reported basis, including one-time items, quarterly earnings came in at 28 cents compared with 4 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp Beats In A Milder 1Q Posted: 19 Apr 2012 10:05 AM PDT Laboratory Corporation of America Holdings (NYSE:LH) reported earnings per share ("EPS") of $1.63 in the first quarter of fiscal 2012 compared with $1.23 in the year-ago quarter. Adjusted EPS came in at $1.74 (excluding amortization, restructuring and other special charges), sailing past the Zacks Consensus Estimate of $1.68 and the previous year’s adjusted EPS of $1.52. Revenues increased 4% year over year to $1,423.3 million, ahead of the Zacks Consensus Estimate of $1,404 million. Testing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Results Not Up To Snuff Posted: 19 Apr 2012 10:00 AM PDT Bank of America Corporation (NYSE:BAC) reported first quarter earnings of 3 cents per share, missing the Zacks Consensus Estimate by 10 cents. This also compares unfavorably with the earnings of 17 cents in the prior-year quarter. However, excluding certain nonrecurring items, BofA earned 34 cents per share, substantially higher than the Zacks Consensus Estimate. Results for the reported quarter were significantly impacted by negative valuation adjustments related to the narrowing of the company’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honeywell Connects With Inmarsat Posted: 19 Apr 2012 09:55 AM PDT Honeywell International Inc. (NYSE:HON) entered into an agreement with Inmarsat to provide business, commercial, and government aviation customers with in-flight connectivity services wherever they go.  In this deal, onboard hardware connecting users to Inmarsat’s Global Xpress™ network will be developed, produced and distributed by Honeywell. Over the next twenty years, the contract will generate $2.8 billion for Honeywell through sales of hardware, customer service, and maintenance to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brisk Planting Pace Shakes Out Corn Bulls Posted: 19 Apr 2012 09:37 AM PDT Thursday, April 19, 2012 Crop progress is well ahead of its ten-year average by an astounding 10%, which has driven Corn prices lower. Crop conditions are expected to remain ideal, suggesting it may take an acre-grab by Soybeans to turn fundamentals in favor of the bull camp. Attractive prices could result in a pickup in physical purchases, as well as attracting technical value buyers. Some traders may perhaps wish to consider selling a put option below support at 575, such as selling the June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Amgen Posted: 19 Apr 2012 09:35 AM PDT Biotechnology giant  Amgen Inc. (NASDAQ:AMGN) is scheduled to release its first quarter 2012 results on April 24, 2012. The Zacks Consensus Earnings Estimate for the first quarter is $1.43 per share (with a downside risk of 1.40%) on revenues of $3.94 billion. In the year-ago quarter, Amgen recorded earnings per share of $1.32, while sales came in at $3.7 billion. Fourth Quarter Recap Amgen reported fourth quarter earnings per share of $1.19, 5 cents below the Zacks Consensus Estimate. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Approves Qiagen’s IVD Products Posted: 19 Apr 2012 09:21 AM PDT Molecular diagnostics solutions provider, Qiagen (NASDAQ:QGEN) recently received 510(k) clearances from the US Food and Drug Administration (FDA) for two of its products for in vitro diagnostic use (IVD) in the US. Of the two products, Rotor-Gene Q MDx provides a real-time polymerase chain reaction (PCR) testing in molecular IVD applications while the artus Infl A/B RG RT-PCR Kit is a compatible test on Rotor-Gene platform to detect Influenza A/B. Qiagen is currently witnessing higher demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CBL Acquires Outlet Centers Posted: 19 Apr 2012 09:07 AM PDT CBL & Associates Properties, Inc. (CBL) recently announced the acquisition of a 75% interest in The Outlet Shoppes at El Paso in El Paso, Texas, and a 50% interest in The Outlet Shoppes at Gettysburg in Gettysburg, Pennsylvania, for a total consideration of $108.7 million. The purchase price included $38.2 million in cash and the assumption of $70.5 million in debt.  Horizon Group Properties is currently managing both these properties. The Outlet Shoppes at El Paso is placed between El … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Brookline Bancorp, Greenhill, SXC Health Solutions Corp., Virginia Commerce Bancorp Posted: 19 Apr 2012 09:02 AM PDT     Virginia Commerce Bancorp, Inc. (NASDAQ:VCBI) reported first quarter earnings per share of $0.14, missing the Zacks Consensus Estimate of $0.17     Brookline Bancorp, Inc. (NASDAQ:BRKL) reported first quarter earnings per share of $0.15, falling shy of the Zacks Consensus Estimate of $0.17 by 2 cents     Greenhill & Co., Inc. (NYSE:GHL) reported first quarter earnings per share of $0.53, surpassing the Zacks Consensus Estimate of $0.44    … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

F5 Beats As Rev Grows Posted: 19 Apr 2012 09:02 AM PDT F5 Networks Inc. (NASDAQ:FFIV) delivered second quarter 2012 adjusted earnings per share (EPS) of 88 cents, beating the Zacks Consensus Estimate of 86 cents. Shares surged 6.27% in after hours. The outperformance was attributable to solid revenues arising from the growing demand for the company's products, as well as market share gains. The company also witnessed strong demand from its enterprise customers. Revenues F5 Networks reported revenues of $339.6 million in the reported quarter, up 22.4% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UNH Beats Estimates, Ups Guidance Posted: 19 Apr 2012 09:02 AM PDT UnitedHealth Group Inc. (NYSE:UNH) has kicked off the earnings season today for the health insurance sector by reporting first quarter earnings of $1.31 per share, substantially higher than the Zacks Consensus Estimate of $1.16. Earnings also compared favorably with $1.22 per share reported in the prior-year quarter. The outperformance can be attributed to strong revenue growth at UnitedHealthcare, higher revenues from the Optum businesses, and strong enrollment growth, partially offset by higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T Beats Estimates, Revs Upped Posted: 19 Apr 2012 09:02 AM PDT BB&T Corp.'s (NYSE:BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter's earnings of 32 cents. Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced capital and profitability ratios. Moreover, accelerating growth in loans and low-cost deposits … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marriot A Penny Ahead, Ups Outlook Posted: 19 Apr 2012 09:02 AM PDT Marriott International Inc. (NYSE:MAR) reported first quarter 2012 earnings of 30 cents per share, beating the Zacks Consensus Estimate by a penny. Moreover, quarterly earnings were 30% higher than the year-ago quarter adjusted earnings of 23 cents per share. On a reported basis, earnings per share were 30 cents versus 26 cents in the year-ago quarter. Reported earnings include the adjustment for timeshare spin-off. Total revenue was $2,552 million in the reported quarter versus $2440 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Turnaround Story Continues At EBay Posted: 19 Apr 2012 09:02 AM PDT eBay Inc. (NASDAQ:EBAY) reported first quarter earnings of 48 cents including share based compensation, which exceeded the Zacks Consensus by 5 cents. Earnings excluding SBC came in at 56 cents, better than estimates. The quarter was a good one for eBay, driven by a strengthening marketplaces segment and solid payments business. Revenue Gross revenue of $3.28 billion was down 3.0% sequentially and up 28.7% year over year, exceeding consensus expectations of $3.15 billion and eBay's guidance range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Turnaround Story Continues At EBay Posted: 19 Apr 2012 09:02 AM PDT eBay Inc. (NASDAQ:EBAY) reported first quarter earnings of 48 cents including share based compensation, which exceeded the Zacks Consensus by 5 cents. Earnings excluding SBC came in at 56 cents, better than estimates. The quarter was a good one for eBay, driven by a strengthening marketplaces segment and solid payments business. Revenue Gross revenue of $3.28 billion was down 3.0% sequentially and up 28.7% year over year, exceeding consensus expectations of $3.15 billion and eBay's guidance range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VMware Tops Estimates Posted: 19 Apr 2012 09:02 AM PDT VMware Inc. (NYSE:VMW) reported robust first-quarter 2012 results with earnings per share (EPS) soaring 62.5% year over year and handily beating the Zacks Consensus Estimate by 10 cents. EPS (including stock-based compensation) came in at 52 cents in the reported quarter compared with 32 cents in the year-ago quarter. The better-than-expected results were driven by solid revenue growth on the back of strong global demand for VMware products. Quarter Details Revenues for the reported quarter not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philip Morris Beats Estimates Posted: 19 Apr 2012 09:02 AM PDT Philip Morris International Inc. (NYSE:PM) reported adjusted first quarter 2012 earnings per share, excluding special items, of $1.27, surpassing the year-ago earnings by 19.8% excluding currency and the Zacks Consensus Estimate of $1.19. Revenue, Volumes & Margins During the quarter, Philip Morris' net revenue grew 9.7% year over year to $7.4 billion, including favorable currency impact of $92 million. It surpassed the Zacks Consensus Estimate of $7.2 billion. Excluding currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HDFC Bank’s Profit Up On Higher Rev Posted: 19 Apr 2012 09:02 AM PDT HDFC Bank(NYSE:HDB) reported its fiscal fourth-quarter 2012 (ended March 31, 2012) net profit of INR14.53 billion ($0.28 billion), up 30.4% from the prior-year quarter. Likewise, for the fiscal year ended 2012, the company's net income saw an impressive 31.4% improvement from the prior year to INR52.47 billion ($1.09 billion). The quarterly results benefited mainly from a strong growth in net revenue and a drop in provisions and contingencies (primarily comprising loan loss provisions). … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Outperforms, Adds Users Posted: 19 Apr 2012 09:02 AM PDT Before the opening bell, the largest U.S. mobile service provider Verizon Communications Inc. (NYSE:VZ) reported first quarter 2012 adjusted earnings of 59 cents per share. The quarter's earnings were a penny ahead of the Zacks Consensus Estimate and 8 cents above the year-ago earnings. The company made a good start to the year, producing double-digit earnings and cash flow growth. Lower sales of Apple Inc.'s (NASDAQ:AAPL) iPhone during the quarter boosted margins as subsidies fell. Both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plexus Tops Estimates In 2Q Posted: 19 Apr 2012 09:02 AM PDT Electronic Manufacturing Services provider Plexus Corp. (PLXS) reported second quarter earnings of 56 cents per share, which surpassed the Zacks Consensus Estimate by a couple of cents and was within management's guided range of 51 cents to 58 cents per share. However,  on a year-over-year basis earnings declined 5.0%, primarily due to higher interest expense and tax rate in the quarter. Quarter Details Total revenue in the quarter decreased 0.9% on a year-over-year basis to $573.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UFPI On High Demand, Beats Est. Posted: 19 Apr 2012 09:02 AM PDT Universal Forest Products Inc. (NASDAQ:UFPI) reported its financial results for the first quarter 2012 on April 18. Earnings per share in the quarter were 21 cents, a remarkable improvement from a loss of 19 cents reported in the year-ago comparable quarter. Results fared well compared with the Zacks Consensus Estimate of 3 cents per share earnings.   The results were driven by higher sales and increased operating efficiencies as well as cost control initiatives adopted by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Badger Meter Outperforms Posted: 19 Apr 2012 09:02 AM PDT Badger Meter Inc. (NYSE:BMI) has reported first-quarter adjusted earnings per share (EPS) of 42 cents, almost double the 22 cents in the year-ago quarter. The upsurge resulted from higher sales of Badger Meter's ORION family of metering technology systems for the municipal water market as well as higher sales of industrial flow products due to the Racine Federated acquisition. The EPS beat the Zacks Consensus Estimate of 27 cents by a wide margin. Total revenue surged 33% on a year-over-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OriginOil: Extending The Algae Appliance Technology Posted: 19 Apr 2012 09:02 AM PDT OriginOil: Extending the Algae Appliance technology to the oil patch significantly enhances company’s prospects. Ian Gilson, CFA OriginOil (OOIL) has announced that initial testing of the Algae Appliance suggests that the technology could be used to separate oil, solids and water in liquids recovered from fracturing operations. Water used in drilling operations will flow back to the surface. The liquids contain oil, oil in water emulsions and organics dissolved in the water as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SWK’s Q1 Lags, Reiterates Outlook Posted: 19 Apr 2012 09:02 AM PDT Stanley Black & Decker (SWK) reported its financial results for the first quarter of 2012 on April 18, 2012. Earnings per share from continuing operations were $1.09, a cent above $1.08 per share reported in the year-ago quarter. Earnings results for the quarter, however, lagged behind the Zacks Consensus Estimate of $1.13. GAAP EPS including 37 cents of merger related charges was 72 cents compared with 92 cents in the first quarter of 2011. Revenue Net revenue in the quarter jumped 12% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dover Outperforms, Ups Guidance Posted: 19 Apr 2012 09:02 AM PDT Dover Corp. (NYSE:DOV) reported its first quarter 2012 earnings with an EPS of $1.05, outperforming the Zacks Consensus Estimate of $1.01. Results were 19% above the year-ago earnings of 88 cents per share. Including gains from discrete and other tax items, reported earnings in the prior year quarter came in at 92 cents per share. Compared to this, EPS in the current reported quarter posted a climb of 14%. Operational Update Total revenue was $2.06 billion, improving 14% year over year, surpassing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Renewal Contract For Unisys Posted: 19 Apr 2012 09:02 AM PDT Earlier this week, Unisys Corporation (NYSE:UIS) announced that TravelSky has signed a three-year renewal contract with the company for its cloud computing solutions. This was done with the clear intent of catering to TravelSky's demand accruing from the Chinese aviation industry.  Previously, Unisys' private cloud software solutions would be used and tested at TravelSky's own data centre. It is lucid that the advanced technology and IT expertise offered by Unisys have been proved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Edge Higher, Data Disappoints Posted: 19 Apr 2012 08:25 AM PDT 04/19/12 Wall Street managed to eke out a modest gain despite disappointing readings for jobless claims, existing home sales and the Philly Fed index. Earnings report posted solid results, while the Spanish and French bond auctions met … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Lower, BOJ Keeps Yen Soft Posted: 19 Apr 2012 02:00 AM PDT 04/19/12 Following the release of weak US jobs data, risk aversion has kept the euro trading lower. Meanwhile, the Japanese yen is still weak following remarks from the Bank of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spanish Bond Auction, Banking Earnings Lifting Global Stocks Posted: 19 Apr 2012 01:30 AM PDT 04/19/12 A relatively successful bond auction for Spain and solid quarterly results for financials helped pave the way for global stocks to head higher Thursday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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