DailyMarkets.com - Tractor Posts Record 1Q Sales

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• Tractor Posts Record 1Q Sales
• Dull 1Q For ExxonMobil
• Dow’s Profit Sags On Charges
• Invesco Reports In Line, Hikes Div
• Economist On The Street: US Data & Fed Reserve
• UPS Misses By A Penny
• Cartel-Buster Institute For Justice Goes Up Against The Portland Taxi Cartel With A Legal Challenge
• Earnings Beat At Bristol-Myers
• Avnet Posts Weak 3Q
• Iconix Lags; Lowers Guidance
• Owens-Illinois EPS Tops, Revs Miss
• CNH Reports Favorable 1Q
• Stocks Turn Higher On Pending Home Sales
• Akamai Tops In 1Q; Outlook Dull

Tractor Posts Record 1Q Sales Posted: 26 Apr 2012 09:53 AM PDT Tractor Supply Co. (NASDAQ:TSCO), a leading retail farm and ranch store brand, reported yet another encouraging quarter, achieving $1 billion milestone for first quarter sales ever in the company's history. Earnings per share in the first quarter of fiscal 2012 came in at 55 cents, surpassing the Zacks Consensus Estimate of 54 cents as well as prior-year earnings of 24 cents per share. Tractor Supply earned $40.3 million in the quarter, exceeding the prior-year quarter's net income of $18.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dull 1Q For ExxonMobil Posted: 26 Apr 2012 09:38 AM PDT U.S. energy behemoth ExxonMobil Corp. (NYSE:XOM) reported disappointing first quarter 2012 results on lower production volume. The company reported earnings of $2.00 per share, failing to meet the Zacks Consensus Estimate of $2.11. The results also fell 7% from the year-ago level of $2.14 a share. However, total revenue in the quarter grew almost 9% year over year to $124.1 billion and comfortably surpassed the Zacks Consensus Estimate of $121.6 billion, thanks to steep oil prices. Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow’s Profit Sags On Charges Posted: 26 Apr 2012 09:38 AM PDT Chemical powerhouse The Dow Chemical Company (NYSE:DOW) kickstarted the year with a mixed bag beating on earnings while falling short on the revenue front. The Michigan-based manufacturing giant, whose products are used across a broad spectrum of industries, earned 61 cents a share in first-quarter 2012, excluding specific one-time items. That trounced the Zacks Consensus Estimate of 59 cents. However, it was below the year-ago adjusted earnings of 82 cents. On a reported basis, Dow clocked a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Invesco Reports In Line, Hikes Div Posted: 26 Apr 2012 09:28 AM PDT Invesco Ltd.'s (NYSE:IVZ) first quarter adjusted earnings came in at 44 cents per share, in line with the Zacks Consensus Estimate. This compares favorably with the adjusted earnings of 42 cents in the previous quarter and 41 cents in the prior-year quarter. On a GAAP basis, earnings came in at 43 cents per share, compared with 44 cents in the prior quarter and 38 cents in the year-ago quarter. Higher net revenue was mainly responsible for the improvement in the results. However, higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economist On The Street: US Data & Fed Reserve Posted: 26 Apr 2012 09:26 AM PDT 04/26/12 Meridian Equity Partners’ Stephen Guilfoyle dissects the pending home sales and jobless claims data, and weighs in on Bernanke’s comments. US GDP expectations are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UPS Misses By A Penny Posted: 26 Apr 2012 09:13 AM PDT United Parcel Service, Inc. (NYSE:UPS) reported first quarter 2012 earnings per share of $1.00, just a penny below the Zacks Consensus Estimate. However, earnings per share grew 10% from the year-ago quarter earnings of 91 cents. The year-over-year growth was primarily based on higher freight rates and fuel surcharges. Total revenue for the quarter grew 4.4% year over year to $13.1 billion, but fell shy of the Zacks Consensus Estimate of $13.3 billion. The year-over-year increase in revenue was a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartel-Buster Institute For Justice Goes Up Against The Portland Taxi Cartel With A Legal Challenge Posted: 26 Apr 2012 09:13 AM PDT Portland, Ore. — “Can the government protect you from cheap fares and innovative service merely to shield politically connected businesses from competition?  That is the question the Institute for Justice and its clients want answered in a federal lawsuit filed today in Portland, Ore, in the U.S. District Court for the District of Oregon. Their lawsuit challenges the constitutionality of Portland’s limousine and sedan regulations, which punish small limo and sedan companies that offer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Beat At Bristol-Myers Posted: 26 Apr 2012 09:13 AM PDT Bristol-Myers Squibb Company's (NYSE:BMY) first quarter 2012 earnings (excluding special items) of 64 cents per share beat the Zacks Consensus Estimate of 61 cents. First quarter earnings increased 10% from the year-ago period. Strong revenues aided earnings in the reported quarter. Newly launched products did very well during the quarter. Net sales in the reported quarter climbed 5% to $5.25 billion. Revenues were just shy of the Zacks Consensus Estimate of $5.26 billion, mainly due to lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avnet Posts Weak 3Q Posted: 26 Apr 2012 09:12 AM PDT Avnet, Inc. (NYSE:AVT) reported an adjusted net income of $151.6 million or $1.03 per share in the third quarter of fiscal 2012 compared to $172.0 million or $1.15 per share in the second quarter of fiscal 2012 and a net income of $169.7 million or $1.10 per share in the year-ago quarter. The earnings surpassed not only the Zacks Consensus Estimate of 98 cents per share but also management's guidance range of $0.94 – $1.02 for the quarter. Revenues Sales came in at $6.28 billion, down 5.9% y/y … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iconix Lags; Lowers Guidance Posted: 26 Apr 2012 08:58 AM PDT Iconix Brand Group Inc. (NASDAQ:ICON) posted first quarter 2012 results with adjusted earnings of 43 cents a share, down 4.4% from 45 cents per share in the year-ago period. Earnings also missed the Zacks Consensus Estimate of 46 cents. The weak results were driven by revenue declines, primarily in men's brands of Rocawear, Ecko and Ed Hardy. In addition, the transition of Royal Velvet brand to J.C. Penney Company, Inc. (NYSE:JCP) acted as a significant driver of the decline in the quarter. Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Owens-Illinois EPS Tops, Revs Miss Posted: 26 Apr 2012 08:38 AM PDT Owens-Illinois's(NYSE:OI) first-quarter 2012 adjusted earnings were 73 cents per share, which exceeded the Zacks Consensus Estimate of 66 cents as well as the year-ago adjusted earnings of 53 cents per share. On a reported basis, the company posted earnings of 73 cents per share compared with the year-ago earnings of 50 cents. Net sales increased 1.2% to $1.739 billion in the quarter, missing the Zacks Consensus Estimate of $1.751 billion. The year-over-year growth was attributable to an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNH Reports Favorable 1Q Posted: 26 Apr 2012 08:23 AM PDT CNH Global N.V. (NYSE:CNH) recently reported its first quarter financial results of 2012. Net income (before restructuring and exceptional items) came in at $269 million, rising 94.9% year over year and 42.3% sequentially. Diluted EPS was $1.11 versus 63 cents in the previous year quarter and 79 cents in the previous quarter, comprehensively beating our Zacks Consensus Estimate of 73 cents. The approbatory surge in net income was brought about by operational efficiencies achieved during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Turn Higher On Pending Home Sales Posted: 26 Apr 2012 08:17 AM PDT 04/25/12 US stocks started out on a mixed note, but eked out a small advance after the better-than-expected pending home sales data. Key earning reports disappointed, missing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Akamai Tops In 1Q; Outlook Dull Posted: 26 Apr 2012 08:08 AM PDT Akamai Technologies, Inc. (AKAM) reported earnings of 30 cents per share in the first quarter of 2012, beating the Zacks Consensus Estimate by a couple of cents. However, earnings remained flat on a year-over-year basis. Reported earnings include stock-based compensation expense, but exclude amortization of capitalized stock-based compensation, amortization of other intangible charges and restructuring charges. Quarter Details Total revenue increased 15.8% year over year to $319.4 million and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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