Friday, April 20, 2012

DailyMarkets.com - Schlumberger 1Q Beats By A Penny

DailyMarkets.com - Schlumberger 1Q Beats By A Penny

Schlumberger 1Q Beats By A Penny

Posted: 20 Apr 2012 07:50 AM PDT

The world's largest oilfield services provider Schlumberger Ltd. (NYSE:SLB) has reported first quarter 2012 earnings of 98 cents per share (excluding special items), beating the Zacks Consensus Estimate by a penny. The quarter's results also showed a steady improvement from the year-earlier profit of 71 cents per share.
Income from continuing operations, excluding charges, stood at $1.31 billion, up 35% year over year but declined 12% sequentially. The year-over-year increase was aided by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are Gasoline Futures Signaling Better News For Drivers This Summer?

Posted: 20 Apr 2012 07:36 AM PDT

Friday, April 20, 2012
A quick look at the June RBOB chart shows short-term momentum turning down, with significant resistance seen in the 3.3000 to 3.3750 price levels. Some more aggressive traders may perhaps want to explore selling out-of-the-money calls in RBOB futures options with strike prices above the current chart resistance levels. For example, with June RBOB trading at 3.1143 as of this writing, the June 3.38 calls could be sold for about 0.0200, or $840 per option, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unimpressive 1Q For Blackstone

Posted: 20 Apr 2012 07:35 AM PDT

The Blackstone Group(NYSE:BX) reported first quarter 2012 economic net income (ENI) of 39 cents per share, missing the Zacks Consensus Estimate of 42 cents. This also significantly fell short of 51 cents in the year-ago quarter.
Results declined due to the shrinking top line, which were, to some extent, softened by lower expenses. Despite the disappointing results, sturdy improvement in assets under management (AUM) was a huge respite.
Blackstone's reported ENI of $432.3 million for the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SanDisk Q1 Lacks Luster, Shares Fall

Posted: 20 Apr 2012 07:20 AM PDT

SanDisk Corp.'s (NASDAQ:SNDK) first quarter 2012 adjusted earnings of 58 cents per share missed the Zacks Consensus Estimate by 3 cents. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense.
Following the earnings release, the company's shares plunged 13.76% in after-market trade as the earnings dropped a significant 41.1% from the year-ago level. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capital One Beats On ING Direct Buy

Posted: 20 Apr 2012 07:05 AM PDT

Capital One Financial Corp. (NYSE:COF) reported first-quarter 2012 earnings of $1.56 per share, outpacing the Zacks Consensus Estimate of $1.40.  This also compares favorably with 88 cents earned in the prior quarter and $2.21 recorded in the year-ago quarter.
Considering the impact of a bargain purchase gain related to the ING Direct USA acquisition, Capital One reported net income of $1.4 billion or $2.72 per share in the reported quarter. The company completed the acquisition of ING … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliance Data Beats, Guides 2012

Posted: 20 Apr 2012 07:00 AM PDT

Alliance Data Systems Corporation (NYSE:ADS) reported adjusted earnings of $2.38 per share for first-quarter 2012, substantially ahead of the Zacks Consensus Estimate of $2.06. Results increased approximately 17% year over year and outperformed the guidance of $2.13. Adjusted net income for the quarter was $146.9 million, improving 30% from $112.6 million reported in first-quarter 2011.
Including stock compensation expenses of $12.3 million, amortization of purchased intangibles of $21.1 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises On German Data But Limited By Spain

Posted: 20 Apr 2012 07:00 AM PDT

04/20/12 The euro was trading higher this morning following better-than-expected German business sentiment lifting risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loonie, Sterling March Higher Against US Dollar On Strong Data

Posted: 20 Apr 2012 07:00 AM PDT

Fundamental Headlines
- Europe Urged to Fix Crisis as G-20 Warns of More Stress – Bloomberg
- Nine U.S. Banks Said to be Examined on Overdraft Fees – Bloomberg
- Global Growth Seen Subdued, Still Heavily Reliant on Asia – Reuters
- Poll Frames Rivals' Strengths – WSJ
- Volume Equals Validity – WSJ
European Session Summary
Despite some risky headline events that have triggered swings in volatility throughout the week, price action was relatively muted in the overnight with most of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonoco Beats Estimates

Posted: 20 Apr 2012 06:50 AM PDT

Sonoco Products Co. (NYSE:SON) reported first-quarter 2012 results with an adjusted earnings per share (EPS) of 52 cents compared with 57 cents in the year-ago quarter, exceeding the previous guidance range of 45 cents to 50 cents. The reported EPS comfortably surpassed the Zacks Consensus Estimate of 48 cents.
The quarter excluded a tax charge of 10 cents per share stemming from restructuring activities and impairment costs. The year-ago quarter excluded the after tax charge of 1 cent per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chubb Corp. Beats Earnings Est

Posted: 20 Apr 2012 06:40 AM PDT

Property and casualty insurer Chubb Corp. (NYSE:CB) reported first quarter operating earnings of $1.70 per share, significantly ahead of the Zacks Consensus Estimate of $1.51 per share. The better-than-expected earnings stemmed from higher premiums written and a lower share count, partly offset by higher operating costs. Earnings also compared favorably with $1.35 per share reported during the prior-year quarter.
The insurer reported net written premiums of $2.9 billion, up 3% year over year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bank Of America, E.I. Du Pont De Nemours And Company, Morgan Stanley, New York Times Company, Verizon Communications

Posted: 20 Apr 2012 06:35 AM PDT

    The New York Times Co. (NYSE:NYT) reported first quarter earnings per share (EPS) of $0.08, surpassing the Zacks Consensus Estimate of $0.02

    Verizon Communications Inc. (NYSE:VZ) posted its first quarter EPS of $0.59, beating the Zacks Consensus Estimate of $0.57

    Morgan Stanley's (NYSE:MS) first-quarter EPS came in at $0.71, breezing past the Zacks Consensus Estimate of $0.46

    E. I. du Pont De Nemours And Company (NYSE:DD) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cepheid Incurs Loss As Costs Rise

Posted: 20 Apr 2012 06:35 AM PDT

Cepheid (NASDAQ:CPHD) reported a net loss of $5.5 million or 8 cents per share in the first quarter of fiscal 2012, in contrast to net income of $0.5 million or earnings per share ("EPS") of 1 cent in the year-ago quarter. After taking into account certain tax benefits and amortization expense, the adjusted figure came in at a of loss of 10 cents, much wider than the Zacks Consensus Estimate of a loss of 2 cents and worse than adjusted EPS of 2 cents in the first quarter of the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Shine A Ray Of Light

Posted: 20 Apr 2012 06:20 AM PDT

Earnings reports will provide the primary backdrop for today's trading action given the almost empty economic calendar. It is perhaps fair to say that this earnings season has turned out to be better than expected, largely due to downbeat expectations in the run up to the releases. It is a different-looking picture on the economic front, however, where the news flow lately has been far less inspiring.
 
The housing data has been weak, with Starts in March coming short of expectations, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE Beats, DARTs Move Higher

Posted: 20 Apr 2012 06:20 AM PDT

E*TRADE Financial Corporation (NASDAQ:ETFC) reported first-quarter 2012 net income of 13 cents per share, beating the Zacks Consensus Estimate by 4 cents. More importantly, the company returned to profit after reporting a loss of 2 cents per share in the prior quarter.
The upbeat performance was driven by upturn in brokerage business, which aided improved total daily average revenue trades (DARTs). In addition, higher revenue due to improved non-interest income was positive for the quarter. Yet, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Jump On German Confidence, Earnings

Posted: 20 Apr 2012 01:15 AM PDT

04/20/12 Following a strong reading in German business confidence and US earnings remaining strong, global stocks were on the upside to start … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valmont Beats Estimates

Posted: 20 Apr 2012 06:05 AM PDT

Valmont Industries Inc. (NYSE:VMI) posted first-quarter 2012 net earnings of $1.96 per share, which more than doubled from the prior-year quarter's earnings of 97 cents. The results also beat the Zacks Consensus Estimate of $1.56.
Revenues jumped 26.3% year over year to $717.4 million driven by higher sales at the company's irrigation segment coupled with favorable weather conditions. Revenues exceeded the Zacks Consensus Estimate of $674 million.
Segment Review
Irrigation Segment: This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chipotle Beats On Overall Growth

Posted: 20 Apr 2012 05:50 AM PDT

The fast food restaurant chain Chipotle Mexican Grill Inc. (NYSE:CMG) has reported first-quarter 2012 earnings of $1.97 per share, surpassing the Zacks Consensus Estimate of $1.93 as well as the year-earlier earnings of $1.46. The better-than-expected results were driven by double-digit top-line growth and margin expansion.
Revenue in the quarter rose 25.8% year over year to $640.6 million, based on new restaurant openings and higher comparable store sales (comps).
Quarter Highlights
Comps grew … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intrade Speculators Predict Obama Re-Election

Posted: 20 Apr 2012 05:37 AM PDT

The greedy, market-manipulating, market-destabilizing speculators on Intrade are favoring an Obama re-election with odds of 60.4%, see chart above.  Will Obama call for an investigation? Probably not, since Intrade is based in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Misses, Ups Dividend

Posted: 20 Apr 2012 05:35 AM PDT

Kinder Morgan Inc. (KMI) reported first quarter 2012 earnings of 21 cents a share from continuing operations, failing to meet the Zacks Consensus of 29 cents a share. However, quarterly earnings almost doubled from the year-earlier profit level of 11 cents.
Total revenue in the quarter dropped almost 4% year over year to $1,857 million. The reported figure also failed to reach to our expectation of $2,319.0 million.
Dividend
Kinder Morgan boosted its quarterly dividend to 32 cents a share, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Get Mortgage Approval After Student Loan Repayment Problems

Posted: 20 Apr 2012 05:20 AM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


JAKKS: Wider Loss, Better Rev

Posted: 20 Apr 2012 05:20 AM PDT

Toy maker JAKKS Pacific Inc.'s (NASDAQ:JAKK) adjusted loss of 65 cents per share in the first quarter of 2012, was considerably wider than the Zacks Consensus Estimate of a loss of 61 cents. The quarterly results also deteriorated considerably from the year-ago earnings of 40 cents per share and was below management's guidance of 61 cents to 64 cents loss.
On a GAAP basis, reported loss of 62 cents per share was well below the year-ago quarter's loss of 39 cents. The company's revenue nudged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Aim Higher As Risk Appetite Swells Into The Week-End

Posted: 20 Apr 2012 05:00 AM PDT

Talking Points

Crude Oil, Copper to Rise as Risk Appetite Swells Ahead of Wall Street Open
Gold and Silver Capitalize as US Dollar Declines on Waning Haven Demand

Commodity prices are on the upswing amid swelling risk appetite ahead of the opening bell on Wall Street. The chipper mood follows an unexpected pickup in German business confidence (albeit a very modest one) as well as broadly supportive outcomes on the day's earnings calendar. The day's key reports from Schlumberger, General … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Par Pharma Acquires Handa’s ANDA

Posted: 20 Apr 2012 04:50 AM PDT

Par Pharmaceutical Companies Inc. (NYSE:PRX) recently entered into an agreement with Handa Pharmaceuticals, according to which Par Pharma acquired the abbreviated new drug application (ANDA) for generic Dexilant from Handa Pharma. However, the ANDA is yet to receive final approval from the US Food and Drug Administration (FDA).
Under the terms of the agreement, Par Pharma acquired the rights to market, sell and distribute the generic drug in the US and will receive a percentage of profits from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Investors Could Have Avoided The Supergroup Debacle

Posted: 20 Apr 2012 01:17 AM PDT

I just hit the office to pick up the news via Twitter that the company that owns the 'Superdry' brand so beloved of the fashion glitterati ( Supergroup (LON:SGP) ) had just announced a rather spectacular and unusual profit warning – announcing profits would be about 14% below their previous estimate. As is to be expected the once high flying stock has seen its share price cut by a massive 31% since yesterday's close – investors in the stock must be feeling incredibly burnt. What many of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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