Friday, April 27, 2012

DailyMarkets.com - Williston, ND May Have Highest Wages In U.S.

DailyMarkets.com - Williston, ND May Have Highest Wages In U.S.

Williston, ND May Have Highest Wages In U.S.

Posted: 27 Apr 2012 04:53 PM PDT

Metro Area
   Average Annual     
Wages

Williston, ND
$70,000

San Francisco
$64,820

Washington, D.C.
$62,890

Boston
$60,390

New York City
$58,500

Seattle
$56,290

Los Angeles
$51,600

Chicago
$49,030

From today’s Williston (ND) Herald:

“Williston Economic Development's deputy director has the daunting task of tracking job creation in the Williston area. Shawn Wenko says he likes to see how Williston compares to other cities in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eylea Drives Regeneron To Profit

Posted: 27 Apr 2012 03:43 PM PDT

Regeneron Pharmaceuticals Inc.’s (NASDAQ:REGN) first quarter 2012 earnings (excluding special items but including stock-based compensation) of 15 cents per share compared favorably with the Zacks Consensus Estimate of a net loss of 24 cents and the year-ago loss of 49 cents. Higher revenues boosted earnings in the quarter.
Total revenue in the reported quarter soared 107% to $232.0 million driven by strong sales of eye-drug Eylea. This was the first full quarter of the drug in the market. The drug, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eylea Drives Regeneron To Profit

Posted: 27 Apr 2012 03:43 PM PDT

Regeneron Pharmaceuticals Inc.’s (NASDAQ:REGN) first quarter 2012 earnings (excluding special items but including stock-based compensation) of 15 cents per share compared favorably with the Zacks Consensus Estimate of a net loss of 24 cents and the year-ago loss of 49 cents. Higher revenues boosted earnings in the quarter.
Total revenue in the reported quarter soared 107% to $232.0 million driven by strong sales of eye-drug Eylea. This was the first full quarter of the drug in the market. The drug, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife Starts 2012 On A Low

Posted: 27 Apr 2012 03:33 PM PDT

Due to the accidental slip of the first quarter 2012 results last week, MetLife Inc. (NYSE:MET) again had to come up with the complete results after the closing bell on April 26, 2012
The company unfortunately started the fiscal 2012 by reporting loss in the first quarter of 2012. MetLife registered net operating earnings of $1.46 billion or $1.37 per share compared with $1.32 billion or $1.23 per share in the year-ago quarter. This also compares favorably with the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Principal Financial Posts Mixed 1Q

Posted: 27 Apr 2012 03:33 PM PDT

Principal Financial Group, Inc. (NYSE:PFG) reported first-quarter 2012 operating earnings of 70 cents per share, lagging the Zacks Consensus Estimate by 4 cents. However, results in the quarter were better than 68 cents earned in the prior-year quarter. Operating income was $213 million in the quarter, down 3.1% from $219.8 million in the first quarter of 2011.
The year-over-year improvement was primarily driven by double-digit growth in the Principal International segment.
Including net realized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UAF At The NYSE: Kicking Off Charity Weekend

Posted: 27 Apr 2012 03:30 PM PDT

04/27/12 NFL Legend Jim Brown and NFL Superstar Ray Lewis talk about the importance of financial literacy at the NYSE. Brown and Lewis are hosting the United Athletes Foundation’s Charity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PerkinElmer Beats On Lower Profit

Posted: 27 Apr 2012 03:28 PM PDT

PerkinElmer (NYSE:PKI) reported first-quarter 2012 adjusted (excluding one-time expenses) earnings per share of 43 cents exceeding the corresponding Zacks Consensus Estimate of 41 cents as well as the year-ago earnings per share of 35 cents.
Net income from continuing operations was $22.1 million, or 19 cents per share, in the first quarter versus net income of $27.3 million, or 24 per share in the prior-year quarter. The results for the reported quarter include non-cash expenses pertaining to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cincinnati Financial Exceeds

Posted: 27 Apr 2012 03:28 PM PDT

Cincinnati Financial Corp. (NASDAQ:CINF) reported first quarter 2012 operating earnings of 48 cents per share, ahead of the Zacks Consensus Estimate of 42 cents per share. Earnings were 45% higher year over year. The earnings outperformance came on the back of higher premiums in the Commercial, Personal and Excess and Surplus lines.
Revenue for the quarter stood at $986 million, up 6% year over year, primarily led by higher earned premiums. After-tax investment income remained flat at $99 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FLIR Below Estimate

Posted: 27 Apr 2012 03:23 PM PDT

FLIR Systems Inc. (NASDAQ:FLIR) released its first-quarter 2012 results before the market opened today, reporting earnings from continuing operations of 31 cents, below the Zacks Consensus Estimate of 33 cents and prior-year earnings of 32 cents. 
Total Revenue
Total revenue was $348.5 million, a decrease of 7% year over year. Total backlog at the end of March 31, 2011 was about $457 million, up $2 million during the quarter.
Divisional Revenue 
Commercial Systems division's revenue was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet’s Prelim Results Disappoint

Posted: 27 Apr 2012 03:22 PM PDT

Yesterday, Tenet Healthcare Corp. (NYSE:THC) released its first-quarter 2012 preliminary financial results. Reported net income for the quarter under review stood at $58 million or 13 cents per share, lagging the year-ago quarter's earnings of $73 million or 14 cents per share.
Net operating revenue was $2.35 billion, up 2.2% from $2.30 billion in the prior-year quarter. However, reported revenues lagged the Zacks Consensus Estimate of $2.48 billion.
During the reported quarter, Tenet's net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AXIS Capital Lags EPS, Rev. Beats

Posted: 27 Apr 2012 03:12 PM PDT

AXIS Capital Holdings Limited (NYSE:AXS) reported first-quarter 2012 operating earnings of $1.07 per share, missing the Zacks Consensus Estimate by 2 cents and reversing the loss of $3.52 incurred in the year ago-quarter. Operating income was $136 million in the quarter, comparing favorably with a loss of $399 million in the first quarter of 2011.
Higher premiums coupled with higher investment income as well as lower expenses fueled the performance. The company also benefited from lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTE Energy Misses, Outlook Positive

Posted: 27 Apr 2012 03:03 PM PDT

DTE Energy Company (NYSE:DTE) reported first quarter 2012 results. During the quarter, operating earnings per share were only 91 cents, significantly missing the Zacks Consensus Estimate of $1.16 per share and the year-ago figure of $1.04. The decline was due to an unusually warm winter.
Operating Statistics
Total revenue of DTE Energy in the first quarter of 2012 was $2.25 billion versus $2.43 billion in the year-ago period, reflecting a decline 7.5%. Reported quarter revenue also missed the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

V.F. Corp. Beats Yet Again

Posted: 27 Apr 2012 02:58 PM PDT

V.F. Corporation (NYSE:VFC) reported first-quarter 2012 adjusted earnings of $1.94 per share, striding ahead of the Zacks Consensus Estimate of $1.88. The result also surpassed adjusted earnings of $1.82 per share in the prior-year quarter.
The robust increase in earnings per share was primarily driven by strong top-line growth and a contribution of 12 cents per share from the Timberland acquisition. On a reported basis, the company's earnings came in at $1.91 per share.
Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Post Weekly Advance

Posted: 27 Apr 2012 09:50 AM PDT

04/27/12 The US equity averages gained +1.5% for the week. US GDP came in below forecasts, while consumer sentiment improved in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Attention Shifts To Jobs

Posted: 27 Apr 2012 02:48 PM PDT

Earnings Preview – Week of April 30th

The focus this week will be on the labor market, with the April non-farm payroll report coming out on Friday. Many will be hoping that this report will provide confirmation that last month's disappointment was just a one-off event and the positive trend line of the preceding months is still in place.

Jobs aside, we are still in the midst of the first quarter 2012 reporting season, though we have crossed the mid-point of the cycle with about 60% of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fujifilm Ups 4Q Net Income

Posted: 27 Apr 2012 02:48 PM PDT

Fujifilm Holdings Corporation (FUJIY) reported a net income of ¥20.1 billion ($25.4 million) for fourth-quarter of fiscal 2012, up 268.3% year over year. However, for full-year 2012, net income came in at ¥43.8 billion ($55.5 million), down 31.5% year on year.
Revenue
Revenue in the reported quarter inched up 2% year over year to ¥576.8 billion ($727.7 million).
Revenues from the Imaging Solutions segment accounted for 12.8% of total revenue, Information Solutions segment contributed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: “The Trend Is Your Friend”

Posted: 27 Apr 2012 02:44 PM PDT

Cusick’s Corner 04-27-2012
The Bulls continue to hold ground and as I have written in the past, the trend is what dictates the trade, regardless of what your indicators are telling you. Long- and medium-term support is firmly in position and until this is broken, it looks like breaks are being bought. In the short-term I have been watching the action in the Aussie Dollar, FXA, which has been strong today and this a positive catalyst for the Commodity markets in the short-term. See you After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Watch Retail Next Week

Posted: 27 Apr 2012 02:44 PM PDT

Cusick’s Corner 04-27-2012
This has been an interesting week with mixed data and big earnings. The strength in the Aussie Dollar got me structuring some potential ideas in Copper, JJC, and the weakness in the US Dollar has me doing some homework on a potential Gold position. At this stage the market is at an inflection point. The overall trend in the market is Bullish and may potentially outweigh the sentiment that’s coming from the average retail trader which is not Bullish as shown by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stellar 1Q For America Movil

Posted: 27 Apr 2012 02:32 PM PDT

Despite persistent declines in mobile termination rates, America Movil (NYSE:AMX) managed to exceed expectations in the first quarter of 2012. The company reported earnings per ADR of 65 cents, surpassing the Zacks Consensus Estimate of 47 cents and also improved 33% from 49 cents in the year-ago quarter. Net profit increased 37.5% year over year to MXN$32.6 billion (approximately $2.5 billion).
Total revenue was MXN$192.5 billion (approximately $14.8 billion), up 12.4% year over year and above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KLA Sees Above-Market Growth In 2012

Posted: 27 Apr 2012 02:23 PM PDT

KLA-Tencor Corporation's (NASDAQ:KLAC) third quarter earnings exceeded the Zacks Consensus Estimate by 17 cents, but investors remained unexcited, as orders declined.
Revenue
KLA reported revenue of $840.5 million, which was up 30.8% sequentially, 0.8% year over year, better than the guided range of $770-830 million and well ahead of the consensus estimate of $802.0 million.
The technical complexity of manufacturing semiconductors and increasingly challenging yield issues remain revenue drivers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Republic Services Misses, Cuts View

Posted: 27 Apr 2012 02:18 PM PDT

Republic Service's (NYSE:RSG) first-quarter 2012 adjusted earnings were 38 cents per share, missing the Zacks Consensus Estimate of 42 cents and also behind the year-ago adjusted earnings of 42 cents. On a reported basis, earnings were 38 cents per share in the quarter compared with the year-ago earnings of 41 cents.
Total revenues increased 0.9% to $1.98 billion, lagging behind the Zacks Consensus Estimate of $1.99 billion for the quarter. An increase of 0.6% in core prices, 0.5% in fuel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 1Q For CNMD, Tweaks Guidance

Posted: 27 Apr 2012 02:18 PM PDT

CONMED Corporation (NASDAQ:CNMD), a medical technologies and surgical devices company, reported first quarter fiscal 2012 adjusted earnings of 43 cents per share, missing the Zacks Consensus Estimate by a penny. The company, however, managed to surpass the year-ago earnings of 37 cents a share. Adjusted earnings exclude one-time expenses of $2.2 million.
Profit in the reported quarter was roughly $10 million (or 35 cents per share) compared with a profit of $9 million (or 31 cents per share) in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nexen Posts A Mixed Bag

Posted: 27 Apr 2012 02:18 PM PDT

Nexen Inc.'s (NYSE:NXY) first-quarter 2012 income from continuing operations of 32 US cents per share (32 Canadian cents) fell shy of the Zacks Consensus Estimate of 41 US cents and 39 US cents (38 Canadian cents)  in the year-earlier quarter. 
Total revenue jumped nearly 5% to C$1,726 million (US$1,722.0 million) from the year-earlier level of C$1,644 million (US$1,666.4 million). The quarter's revenue surpassed the Zacks Consensus Estimate of US$1,532 million.
Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leggett Misses On Bottom Line

Posted: 27 Apr 2012 02:08 PM PDT

Leggett & Platt Inc. (NYSE:LEG), the manufacturer of diversified engineered products and components, posted a flat year-over-year earnings of 30 cents per share for first-quarter 2012, missing the Zacks Consensus Estimate of 32 cents. Benefits from increased sales were fully offset by higher tax rate, resulting in flat year-over-year earnings growth.
Total sales in the quarter climbed 5.7% to $946.8 million compared with $895.8 million a year ago, benefitting from the acquisition of Western … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HSBC Downsizing Workforce In UK

Posted: 27 Apr 2012 02:08 PM PDT

As part of its plan to reduce cost by retrenching 30,000 employees by the end of 2013, HSBC Holdings Plc. (NYSE:HBC) has announced job cuts in the UK. The company stated that there would be a reduction of about 3,167 jobs, out of which nearly 950 employees would be redeployed in other departments. This implies an effective job cut for over 2,200 employees.
Jobs to be Impacted
The employees in HSBC's retail bank, mainly senior and middle level managers, will bear the brunt of this announcement. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newmont Brushes Past Estimates

Posted: 27 Apr 2012 02:03 PM PDT

Newmont Mining Corporation (NYSE:NEM) posted adjusted net earnings of $1.15 per share in the first quarter of 2012, up from the year-ago profit of $1.02 per share. The results edged past the Zacks Consensus Estimate of $1.14 and the company saw its stock record marginal gains in after-hours trading yesterday.
Profit from continuing operations, as reported, rose 9% year over year to $561 million (or $1.11 a share) from $514 million (or $1.03 a share) a year ago.
Total revenues leapt 9% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ingram Beats EPS, Misses Rev

Posted: 27 Apr 2012 02:03 PM PDT

Ingram Micro Inc. (NYSE:IM) has reported first-quarter 2012 earnings per share of 59 cents that blew past the Zacks Consensus Estimate of 39 cents. The results were 71.8% higher than 34 cents reported in the earlier-year quarter. The beat was mostly attributable to cost control efforts as well as a tax benefit.
Revenues
Ingram Micro's first quarter revenue of $8.64 billion decreased 1.0% from $8.72 billion in the year-ago quarter. The result was below the Zacks Consensus Estimate of $8.68 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Net Income Surges At Unisys

Posted: 27 Apr 2012 02:03 PM PDT

Unisys Corporation (NYSE:UIS) reported revenues of $928 million in the first quarter of 2012, up 2% from a year ago but down 6% sequentially. Foreign currency fluctuations did not have much of an impact on revenue in the quarter.
Services revenues increased 3% year over year due to growth in systems integration revenue. However, revenues from the U.S. federal business continue to decline posting a 20% decline in the quarter. 
Excluding the U.S. Federal business, services revenue grew 7% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Federated Beats Marginally

Posted: 27 Apr 2012 02:03 PM PDT

Federated Investors Inc. (NYSE:FII) reported its first-quarter 2012 earnings per share of 41 cents, beating the Zacks Consensus Estimate by 2 cents. Though, this compared favorably with the prior-quarter earnings of 36 cents, it was lower than the prior-year quarter earnings of 43 cents.
Net income for the quarter was $42.3 million, up 15% from $36.9 million in the prior quarter and 27% from $33.2 million in the prior-year quarter. Net income for the first-quarter 2011 included certain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldcorp Disappoints In 1Q

Posted: 27 Apr 2012 02:02 PM PDT

Goldcorp Inc. (NYSE:GG) reported disappointing results in the first quarter of 2012, sending its shares down by 5.70%. It posted adjusted net earnings of $404 million or 50 cents per share in the quarter, slightly higher than $392 million or 49 cents posted in the year-ago quarter.
However, the results failed to meet the Zacks Consensus Estimate of 54 cents per share, resulting in a downward surprise of 7.41%.
Net income (as reported) slid 26% to $479 million (or 59 cents per share) in the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 27 April 2012

Posted: 27 Apr 2012 02:01 PM PDT

The past week in monetary policy saw 9 central banks announce interest rate decisions.  The only bank to change rates was the National Bank of Georgia, cutting 25bps to 6.25%.  Those that held interest rates unchanged were: Israel 2.50%, Hungary 7.00%, Japan 0.10%, New Zealand 2.50%, US 0.25%, Hong Kong 0.50%, Zambia 9.00%, and Mexico 4.50%.  The Bank of Japan also announced it would add a further 5 trillion yen to its now 70 trillion yen asset purchase program (quantitative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Meritage Homes Misses Estimates

Posted: 27 Apr 2012 01:53 PM PDT

Meritage Homes Corporation (NYSE:MTH) recorded a loss of $4.8 million or 15 cents per share in the first quarter of 2012 compared with a loss of $6.7 million or 21 cents per share in the same quarter of 2011. The reported loss per share was significantly wider than the Zacks Consensus Estimate of a loss of 5 cents per share.
Total closing revenue rose to $204.4 million on a total 759 homes closed in the quarter compared with $177.6 million on a total 678 homes closed in the first quarter of 2011. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Energy, Sumitomo Cut A Deal

Posted: 27 Apr 2012 01:53 PM PDT

Duke Energy's (NYSE:DUK) commercial arm Duke Energy Renewables has entered into an agreement with Sumitomo Corp.'s U.S. subsidiary, Sumitomo Corp. of America.
Per the agreement, Sumitomo will have equal ownership rights over Duke's two Kansas wind projects, the 131-megawatt ("MW") Cimarron II Windpower Project and the 168-MW Ironwood Windpower Project. Sumitomo has already invested approximately $353 million to meet construction and operating expenses.
Once the project comes online, Duke … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GATX Outperforms On Lease Rates

Posted: 27 Apr 2012 01:48 PM PDT

GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, has reported first quarter 2012 adjusted earnings of 69 cents per share, which breezed passed the Zacks Consensus Estimate of 49 cents.
Adjusted earnings for the first quarter shot up 59.4% from 28 cents per share in the year-ago quarter, primarily on higher lease rates, improvement in lease terms and higher demand for locomotives.
Adjusted earnings in the first quarter exclude the negative impact of special items that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Paid Half The Taxes Of ExxonMobil In Q1 And Earned Four Times More Per Dollar Of Sales

Posted: 27 Apr 2012 01:43 PM PDT

First Quarter 2012
 ExxonMobil  
  Apple  

Revenue (Billions)
$124.0
$39.2

Income Taxes (billions)
$7.7
$3.9

Profits (billions)
$9.5
$11.6

Profit Margin (%)
7.6%
29.6%

First quarter financial results were reported this week by ExxonMobil and Apple, and a summary of some key statistics are displayed above.  Here’s what will probably not be reported by the mainstream media:

1. ExxonMobil paid $7.7 billion in taxes in the first quarter of 2012, which was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Fodder For The Bulls

Posted: 27 Apr 2012 01:41 PM PDT

Given that stock market likes loves bad news (which is not surprising when you have a trading crowd infected with dot-com-era delusions and the likes of Helicopter Ben Bernanke in charge), I reckon the following collection of items from today’s news trawl could easily send the Dow up a thousand points on Monday.
“The Pinocchio Recovery” (MarketBeat)
It's been nearly three years since the recession's official end, and the economy remains mired somewhere between stall speed and escape … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silgan Tops EPS, Reaffirms Guidance

Posted: 27 Apr 2012 01:38 PM PDT

Silgan Holdings Inc. (NASDAQ:SLGN) posted adjusted earnings of 50 cents per share in the first-quarter 2012, exceeding the Zacks Consensus Estimate of 46 cents per share as well as the year-ago quarter of 41 cents.
Including rationalization charges of 3 cents per share, earnings were 47 cents per share in the reported quarter.  Earnings in the prior year quarter were 37 cents per share including a rationalization charge of 2 cents per share and costs related to acquisitions of 2 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: LabCorp

Posted: 27 Apr 2012 01:38 PM PDT

The announcement of  Laboratory Corporation of America Holdings' (NYSE:LH) first quarter of fiscal 2012 results on April 19 has led analysts to reduce their estimates for the two forthcoming quarters.
First Quarter Highlights
LabCorp 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Will You Get Beyond The Outrage? Share Your Ideas, Actions,…

Posted: 27 Apr 2012 01:36 PM PDT

How will you get beyond the outrage? Share your ideas, actions, and long-term goals on Tumblr and Twitter using the hashtag #BEYONDOUTRAGE or on my Facebook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Simon Property’s 1Q FFO Zooms Ahead

Posted: 27 Apr 2012 01:28 PM PDT

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported first quarter 2012 FFO (funds from operations) of $648.7 million or $1.82 per share, compared to $570.6 million or $1.61 in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported quarterly FFO per share well exceeded the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citizens Settles Overdraft Suit

Posted: 27 Apr 2012 01:23 PM PDT

Citizens Bank, a unit of The Royal Bank of Scotland Group plc (NYSE:RBS), has agreed to disburse $137.5 million to settle the lawsuit filed against it by the customers, as reported by Boston. The company was held responsible for maneuvering the transaction entries in order to procure larger overdraft fees. The settlement has yet to be approved by the U.S. District Judge in Miami.
The Back Story
Previously, Citizens was accused of using software programs that manipulated the overdrafts fees charged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICICI Bank’s Profit Shoots Up In Q4

Posted: 27 Apr 2012 01:08 PM PDT

ICICI Bank Limited's (NYSE:IBN) fiscal fourth-quarter 2012 (ended March 31, 2012) came in at INR19.02 billion ($374 million), reflecting an impressive 31% rise from INR14.52 billion ($285 million) recorded in the year-ago quarter.
For the fiscal year ended 2012, ICICI bank's net income saw a 26% improvement from the prior year to INR64.65 billion ($1.3 billion).
Results in the quarter improved primarily due to higher net interest income, fee income and a fall in loan loss provisions. Further, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VeriSign Misses, Shares Down

Posted: 27 Apr 2012 01:08 PM PDT

VeriSign, Inc. (NASDAQ:VRSN) reported a net income of $68.0 million or $0.42 per share in the first quarter of 2012 compared to net income of $40.3 million or $0.24 per share in the year-ago quarter and net income of $53.8 million or $0.34 per share in the fourth quarter of 2011.
Excluding one-time items but including stock-based compensation expenses, net income came in at $0.37 cents per share, missing the Zacks Consensus Estimate of $0.39.
In 2010, VeriSign sold the Authentication Services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Reports Solid 1Q

Posted: 27 Apr 2012 01:08 PM PDT

Ventas, Inc (NYSE:VTR) reported first quarter 2012 funds from operations (FFO) of $214.8 million or 74 cents per share compared with $101.0 million or 62 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income.
Excluding the non-recurring items, FFO in the reported quarter stood at $263.9 million or 91 cents per share, compared with $121.0 million or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Parker-Hannifin Tops Expectations

Posted: 27 Apr 2012 01:03 PM PDT

Parker-Hannifin Corporation (NYSE:PH) reported earnings per share of $2.01 per share in the third quarter of fiscal 2012, compared to $1.68 in the year-ago quarter, easily beating the Zacks Consensus Estimate of $1.72. 
Total Revenue 
Parker-Hannifin posted sales of $3.4 billion, up 4.7% from the year-ago quarter. Organic sales growth came in at 6% driven by double-digit growth in the Industrial segment in North America. However, currency translation adversely impacted sales by 1% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panache Beverage Goes On A Tear

Posted: 27 Apr 2012 12:58 PM PDT

Panache Beverage Goes on a Tear

Panache Beverage Inc. (WDKA) is an alcoholic beverage company that specializes in the development, global sales, and marketing of spirits brands.  The Company follows a "build and exit" business model in which its brands are "built" or developed into attractive acquisition candidates for large global alcoholic beverage companies. As these brands mature, Panache aims to sell these brands individually while continuing to develop its portfolio of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh Set To Buy Juniperus Stake

Posted: 27 Apr 2012 12:58 PM PDT

As per media release, Marsh & McLennan (NYSE:MMC) is set to buy a minority stake in Bermuda-based investment management company, Juniperus Capital, offering hedge funds for catastrophe reinsurance and insurance-linked securities. The terms of the deal remained undisclosed.
With Marsh investing in Juniperus Capital, the company looks to diversify its management team along with Aquiline Capital Partners, who also became a stakeholder in the company earlier this year and is also a private equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zynga Disappoints Again (revised)

Posted: 27 Apr 2012 12:57 PM PDT

(Note: We have revised this article to correct for the mistake that we compared reported earnings adjusted for employee stock options (ESOs) with a consensus number that did not. As a result, we had Zynga post an earnings miss in the quarter, though an apples-to-apples comparison would have shown a positive surprise. Our typical practice is to account for ESOs as a regular operating expense.)

Zynga Inc. (ZNGA) reported adjusted earnings of 6 cents per share (excluding stock-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Revenues Rise At Shire

Posted: 27 Apr 2012 12:42 PM PDT

Shire plc's (NASDAQ:SHPGY) first quarter 2012 earnings (excluding special items) of $1.48 per American Depositary Share (ADS), were 20% above the year-ago earnings. The year-over-year increase was attributed to higher revenue in the reported quarter. The Zacks Consensus Estimate was $1.56 per share.
Revenues increased 21% to $1.17 billion, above the Zacks Consensus Estimate of $1.15 billion. Revenues were driven by higher product sales.
Quarter in Detail
Product sales went up 24% to $1.11 billion. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL’s EPS Matches Zacks Estimate

Posted: 27 Apr 2012 12:37 PM PDT

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) reported first-quarter 2012 operating earnings of $1.78 per share (€1.36 per share), flat with the Zacks Consensus Estimate. Operating earnings declined 6% from $1.89 (€1.38 per share) reported in the year-ago period.
Total Revenue
Total revenue at the end of first-quarter 2012 was $67.07 billion (€51.17 billion) against $62.97 billion (€46.02 billion) in the first quarter of 2011. The year-over-year growth in revenue was 7% (up 11.0% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stellar 3Q For Western Digital

Posted: 27 Apr 2012 12:23 PM PDT

Western Digital Corp. (NYSE:WDC) reported third quarter 2012 earnings per share (EPS) of $2.52, comprehensively beating the Zacks Consensus Estimate of $1.58.
Revenues
Revenues during the quarter increased 34.8% year over year to $3.03 billion. Western Digital shipped a total of 44.2 million hard drives as compared with 28.5 million in the year-ago quarter.
Total revenue includes $614 million for Hitachi's Global Storage Technologies (HGST). Moreover, the average selling price for the hard … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks Beats, Ups View

Posted: 27 Apr 2012 12:22 PM PDT

Starbucks Corporation (NASDAQ:SBUX) reported earnings of 40 cents per share for fiscal second quarter 2012, beating the Zacks Consensus Estimate by a penny. Quarterly earnings increased 18% year over year driven by a solid top line, improved efficiencies and cost control. The company also raised its fiscal 2012 outlook due to improving business trends and strong first half results.
Revenues and Margins
Total sales for the second quarter increased 15.0% year over year to $3.2 billion, driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Maxwell EPS In Line, Misses Revenue

Posted: 27 Apr 2012 12:08 PM PDT

Energy storage and power delivery products maker, Maxwell Technologies Inc. (NASDAQ:MXWL) reported first quarter 2012 adjusted earnings (earnings before non-recurring items, but including stock-based compensation expense) of 2 cents per share, in line with the Zacks Consensus Estimate. Results also came above the year-ago quarterly loss of 3 cents per share.
On a reported basis, the company reported earnings of 2 cents per share in the quarter versus a penny in the year-ago quarter.
Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tyco Misses On Stronger Top Line

Posted: 27 Apr 2012 12:02 PM PDT

Tyco International Ltd (NYSE:TYC) reported results for the second quarter 2012. Earnings for the quarter (excluding one-time items) grew 18% year over year to 86 cents a share. However, earnings were well below the Zacks Consensus Estimate of 96 cents.
GAAP earnings for the quarter were 70 cents a share which were up 7.0% year over year compared to 66 cents reported in the prior-year quarter.
Revenue for the quarter grew 9% year over year to $4.4 billion. Organic revenue (revenue excluding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deckers Misses, Lowers Forecast

Posted: 27 Apr 2012 11:53 AM PDT

The shares of Deckers Outdoor Corporation (NASDAQ:DECK) plunged approximately 18.7% or $12.96 to $56.50 during after-market hours trading on Thursday, when the news of its dismal first-quarter 2012 results hit the market.
The company posted lower-than-expected first-quarter results as the unfavorable weather conditions adversely impacted the sales of UGG boots. Rise in sheepskin prices, which were up 40% from the 2011 level, and increased operating expenses also hurt the bottom line. Consequently, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cerner Beats Forecasts, Profit Up

Posted: 27 Apr 2012 11:53 AM PDT

Leading healthcare information technology ("HCIT") solutions provider Cerner Corp (NASDAQ:CERN) reported first quarter earnings per share of 51 cents beating the Zacks Consensus Estimate of 47 cents and the year-ago earnings per share of 37 cents.
Net income rose 37.4% year over year to $88.7 million (or 51 cents per share) due to buoyant bookings.
Revenues
Revenues for the first quarter rose 30% year over year to $641.2 million, handily beating the Zacks Consensus Estimate of $578 million.
In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patterson-UTI Beats Estimates

Posted: 27 Apr 2012 11:48 AM PDT

Onshore contract driller Patterson-UTI Energy Inc. (NASDAQ:PTEN) reported higher-than-expected first-quarter 2012 results, owing to higher U.S. rig activity levels.
Earnings per share came in at 62 cents, well ahead of the Zacks Consensus Estimate of 57 cents. Revenues at $745.9 million were above our projection of $732.0 million.
Compared with the year-ago period, Patterson-UTI's adjusted earnings per share improved by a handsome 34.8% (from 47 cents to 62 cents), while revenues surged 31.6%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis Group Reports Mixed 1Q

Posted: 27 Apr 2012 11:43 AM PDT

Willis Group Holdings plc (NYSE:WSH) reported first-quarter 2012 adjusted net income from continuing operations of $1.32 per share, beating the Zacks Consensus Estimate by 6 cents. Results were 2.3% higher than $1.29 earned in the year-ago quarter. Adjusted net income from continuing operations was $233 million, up 4% from $224 million in the prior-year quarter.
The improvement resulted from improved top line coupled with lower expenses.
Adjusting for write-off of uncollectible accounts receivable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Bag For International Paper

Posted: 27 Apr 2012 11:38 AM PDT

International Paper Co. (NYSE:IP) reported first quarter adjusted EPS of 57 cents, a 26% drop from the prior-year quarter but outperforming the Zacks Consensus Estimate of 51 cents.
After including special items, EPS in the quarter stood at 42 cents compared with 70 cents in the prior-year quarter. Net sales were $6.65 billion, versus $6.39 billion during the year-ago quarter, missing the Zacks Consensus Estimate of $6.84 billion.
Cost and Margins
Adjusted cost of goods sold amounted to $5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reliance Steel Tops Estimates

Posted: 27 Apr 2012 11:38 AM PDT

Reliance Steel & Aluminum Co.'s (NYSE:RS) first-quarter 2012 earnings of $1.54 a share beat the Zacks Consensus Estimate of $1.50 and surpassed the year-ago earnings of $1.23. Profit (attributable to the company) shot up 26% year over year to $116.2 million on the heels of a healthy double-digit growth in the top line.
Revenue
Revenues cruised 20% year over year to $2,288.3 million, also exceeding the Zacks Consensus Estimate of $2,139 million. The company noted that its results were boosted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Friday Afternoon Links

Posted: 27 Apr 2012 11:33 AM PDT

1. Stunned Home Buyers Find that Bidding Wars Are Back, As Housing Demands Picks Up After Long Six-Year Slump.
 
2.  Consumers Energy Reduces Natural Gas Prices for 1.7 Million Customers in Michigan to the Lowest Level Since 2003, Saving Consumers $130 Million Over Next Year.
 
3. Here’s a 3-D Home Printer for $500. All you need to do is add a computer and you'll be off printing almost any object that comes to mind. 
 
4.  Thanks to abundant and affordable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monster Beats By A Penny

Posted: 27 Apr 2012 11:23 AM PDT

Monster Worldwide (MWW) reported revenues of $246 million in the first quarter of 2012, down 1.6% sequentially and down 5.7% year over year. Currency translation had a $3.4 million negative impact on revenue in the first quarter.
Excluding $2.7 million of purchase accounting adjustments related to the HotJobs acquisition, revenues came in at $261 million.
Bookings (represent the dollar value of contractual orders received, and are considered a key indicator of future revenues) increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Partners Misses, Ups Y/Y

Posted: 27 Apr 2012 11:23 AM PDT

Williams Partners L.P. (NYSE:WPZ) has registered first-quarter 2012 earnings of 85 cents per limited-partner unit, showing an improvement from the year-ago profit level of 81 cents by 4.9%. However, the results were below the Zacks Consensus Estimate of 90 cents.
Higher natural gas liquid (NGL) margins in the partnership's midstream business as well as higher fee-based revenue in both the midstream and gas pipeline businesses led to the significant year-over-year improvement.
Total revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BJ’s Restaurants Lags By A Penny

Posted: 27 Apr 2012 11:08 AM PDT

BJ's Restaurants Inc. (NASDAQ:BJRI) reported first-quarter 2012 earnings of 30 cents per share, missing the Zacks Consensus Estimate of 31 cents but surpassing the prior-year earnings of 25 cents a share. The year-over-year upside was attributable to double-digit growth in the top line.
Inside the Headline Numbers
Revenues in the reported quarter grew 16.0% year over year to $167.6 million. The increase was attributable to modest increases in both comparable restaurant sales and new restaurant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Disappoints, Europe & Asia Lags

Posted: 27 Apr 2012 11:03 AM PDT

Ford Motor Co. (NYSE:F) has disappointed by posting a sharp 20% fall in profits to $1.6 billion in the first quarter of the year from $2.0 billion in the same quarter of 2011. Including special items, the decline in profits were much more pronounced. It was 45% to $1.4 billion from $2.6 billion a year ago.
On per share basis, profits ebbed 17% to 39 cents from 47 cents in the first quarter of 2011. Nevertheless, it was higher than the Zacks Consensus Estimate of 35 cents.
The automaker has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coventry Lags, Raises Outlook

Posted: 27 Apr 2012 11:03 AM PDT

Coventry Health Care Inc. (NYSE:CVH) reported first-quarter 2012 operating earnings per share of 62 cents, which lagged the Zacks Consensus Estimate by a penny and was also lower than the prior-year earnings of 66 cents. Operating income amounted to $88.3 million in the reported quarter.
The decline was primarily attributable to increased expenses coupled with a decline in membership in Commercial Group Risk that marred the desired upside in the top line. However, revenue showed impressive growth, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goodyear Beats But Profits Fall

Posted: 27 Apr 2012 10:57 AM PDT

Goodyear Tire & Rubber Company (NYSE:GT) reported a 34% decline in profits to $84 million or 34 cents per share in the first quarter of 2012, from $127 million or 51 cents in the same quarter of 2011 (all excluding special items). However, profits were significantly higher than the Zacks Consensus Estimate of 8 cents per share during the quarter.
Including special items, the company reported a loss of $11 million or 5 cents per share in the quarter, compared with a profit of $103 million or 42 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TC PipeLines Disappoints In 1Q

Posted: 27 Apr 2012 10:57 AM PDT

Pipeline operator TC PipeLines L.P. (TCP) announced dull first-quarter 2012 results, hurt by low equity income from Great Lakes and Northern Border pipeline systems along with steeper operating charges.
The Calgary, Alberta-based master limited partnership ("MLP") – with stakes in over 5,550 miles of federally regulated U.S. interstate natural gas pipelines that cater to domestic and Eastern Canadian markets – reported earnings per unit (EPU) of 71 cents, below the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Markets Telling You…expecting Stimulus”

Posted: 27 Apr 2012 10:50 AM PDT

04/27/12 ICAP Equities’ Kenneth Polcari discusses the US GDP and consumer sentiment data releases. Next week’s risk events are weighed, alongside technical levels to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Potash Misses 1Q Estimates

Posted: 27 Apr 2012 10:43 AM PDT

Potash Corporation of Saskatchewan Inc. (NYSE:POT) earned 56 cents per share in the first quarter of 2012, down from 84 cents a year ago, missing the Zacks Consensus Estimate of 65 cents. The results were impacted by lower sales of potash and lower production volumes.
Sales in the quarter came in at $1,746 million, down 20.8% year over year, also missing the Zacks Consensus Estimate of $1,829 million.
The company faced the same challenging conditions with fertilizer buyers around the world moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Beats, Loss Widens Y/Y

Posted: 27 Apr 2012 10:43 AM PDT

The largest U.S. airline United Continental Holdings Inc. (UAL) reported first quarter 2012 adjusted loss per share of 87 cents that narrowed from the Zacks Consensus Estimate loss of $1.11. However, the quarter's loss was wider than the year-ago loss of 41 cents.
Though rising fuel prices and ongoing problems with the integration of Continental Airlines kept earnings at check, the better-than-expected performance was attributable to fare hikes, ongoing cost-cutting measures and fuel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

High Oil Price Boost Chevron Profits

Posted: 27 Apr 2012 10:33 AM PDT

U.S. energy giant Chevron Corp. (NYSE:CVX) reported a rise in its first-quarter 2012 profits, benefiting from higher oil prices.
Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.39, handsomely above the Zacks Consensus Estimate of $3.30 and the year-ago adjusted profit of $3.17.
Quarterly revenue increased marginally (by 0.6%) year-over-year – from $60,341.0 million to $60,705.0 million – but was 17.5% below our projection, pulled down by plunging U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY’s 1Q12 Trading Update

Posted: 27 Apr 2012 10:28 AM PDT

Ireland-based advertising titan WPP Group plc. (WPPGY) released its trading update for the first quarter of 2012, on April 27. The company's top line grew 7.6% year over year to £2,392 million (US$3,757.5 million).
Revenue growth was attributed to strength across all geographical regions and communication services sector. On a constant currency basis, revenue grew by approximately 7.4%. Excluding the impact of acquisitions and currency fluctuations, revenue was up 4.0% in the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Covidien’s 2Q Beats, Profit Rises

Posted: 27 Apr 2012 10:08 AM PDT

Covidien plc (NYSE:COV), a large-cap medical technology company, reported its adjusted earnings per share (from continuing operations) of $1.05 for the second quarter of 2012, 2 cents above the Zacks Consensus Estimate and 12 cents higher than the year-ago quarter earnings. Adjusted earnings exclude one-time items and extraordinary charges.
Profits from continuing operations increased 7% to $491 million (or $1.01 a share). The company repurchased roughly 2.9 million shares in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rangebound After GDP, Ticks Higher In Late Trade

Posted: 27 Apr 2012 05:00 AM PDT

04/27/12 Crude oil futures were little changed following the modest decline in US Q1 GDP. In afternoon trade, futures turned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Monday, April 30, 2012

Posted: 27 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, April 30, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.75
− 1.12
9.80
9.71

Neutral

AXP – American Express Company
60.17
+ 0.97
59.42
59.21

Bullish

BA – Boeing Co
77.27
+ 0.36
76.88
75.67

Bullish

BAC – Bank of America Corporation
8.25
− 0.24
8.27
8.20

Neutral

CAT – Caterpillar Inc
104.56
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, April 30, 2012

Posted: 27 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, April 30, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.64
− 0.01
110.55
110.54

Bullish

BND – Vanguard Total Bond Market ETF
83.87
+ 0.06
83.78
83.78

Bullish

DBC – DB Commodity Index Tracking Fd
28.30
+ 0.32
28.20
28.12

Bullish

DIA – SPDR DJ Industrial Average ETF
132.00
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, April 30, 2012

Posted: 27 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Monday, April 30, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0470
+ 0.80
1.0383
1.0397

Bullish

EURUSD – Euro / US Dollar
1.3244
+ 0.16
1.3220
1.3206

Bullish

GBPUSD – British Pound / US Dollar
1.6261
+ 0.45
1.6185
1.6205

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9804
− 0.40
0.9834
0.9861

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, April 30, 2012

Posted: 27 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, April 30, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1398.50
+ 0.13
1389.83
1385.17

Bullish

Dow Jones – Jun YMM2
13164
+ 0.03
13094
13054

Bullish

Nasdaq – Jun NQM2
2736.75
+ 0.61
2708.56
2702.50

Bullish

Russell – Jun TFM2
823.80
+ 0.98
813.31
810.07

Bullish

INTEREST RATES

US T-Bond – Jun ZBM2
142-23
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Warren Buffett, Opportunity Cost Amp; Stock Comparison

Posted: 27 Apr 2012 04:12 AM PDT

Warren Buffett and Charlie Munger’s annual sessions at the Berkshire Hathaway AGM are, of course, legendary. It’s because they are so filled with pearls of investment wisdom that such hordes make the trek to Omaha each year. One idea that stands out amongst the many is their emphasis of using opportunity cost as a filter. As Munger observes in Poor Charlie’s Almanack: ”Intelligent people make decisions based on opportunity costs – in other words, it’s your alternatives that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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