Friday, May 18, 2012

DailyMarkets.com - Marvell Beats, Outlook Bright

DailyMarkets.com - Marvell Beats, Outlook Bright

Marvell Beats, Outlook Bright

Posted: 18 May 2012 07:38 AM PDT

Marvell Technology Group (NASDAQ:MRVL) has reported first quarter fiscal 2013 adjusted earnings per share (EPS) of 18 cents, beating the Zacks Consensus Estimate of 16 cents. However, EPS was 24.6% below the year-ago level, mostly due to lower revenue and higher expenses.
Revenue
Marvell reported revenues of $796.4 million in the first quarter, down 0.8% from $802.4 million in the year-ago quarter. The reported revenue surpassed the Zacks Consensus Estimate of $769.0 million.
Revenues from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Analog Devices

Posted: 18 May 2012 07:38 AM PDT

Analog Devices, Inc. (NYSE:ADI) is scheduled to announce its fiscal second-quarter 2012 results on May 22. We witness only one downward movement in analyst estimates in the build-up to the release.
Prior-Quarter Synopsis
Analog'sfirst quarter 2012 pro forma earnings missed the Zacks Consensus Estimate by a couple of cents due to weaker-than-expected revenue and margins.
Revenue in the quarter was $648.1 million, down 9.5% sequentially and 11.0% year over year, particularly due to the weakness in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intuit Beats EPS, Shares Topple

Posted: 18 May 2012 07:17 AM PDT

Intuit Inc. (NASDAQ:INTU) reported third quarter 2012 adjusted earnings of $2.43 per share, beating the Zacks Consensus Estimate of $2.39. Despite the earnings beat, shares fell 1.25% in the day's trade and 0.11% after hours. The share price indicates investor concern due to lowering of fiscal 2012 revenue and EPS guidance.
Revenue
Intuit reported revenues of $1.95 billion in the third quarter, up 5.2% from $1.85 billion in the prior-year quarter. Reported revenue was in line with the lower end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steadies Slightly, Still Near 4-month Low Vs Dollar

Posted: 18 May 2012 07:00 AM PDT

05/18/12 The euro currency was paring some losses Friday morning but still near monthly lows against the dollar as concerns still linger concerning Greece’s future in the eurozone and the health of Spanish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autodesk Reports Mixed 1Q

Posted: 18 May 2012 06:57 AM PDT

Autodesk Inc. (NASDAQ:ADSK) reported first quarter 2013 earnings of 36 cents per share (including stock based compensation of 14 cents but excluding amortization expenses of 7 cents), which  were 3 cents short of the Zacks Consensus Estimate. However, the reported earnings increased 12.5% from the previous-year quarter on the back of revenue growth across all geographies and business segments.
Quarter Details
Revenues increased 11.4% year over year to $588.6 million in the reported quarter and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coffee Bear Market Cools As Prices Consolidate

Posted: 18 May 2012 06:44 AM PDT

Friday, May 18, 2012
Arabica Coffee’s negative fundaments and the potential for aggressive hedge selling by South American producers on any significant rally may keep pressure on Coffee prices. Aggressive traders who are bearish on Coffee may wish to consider using any rally attempts to explore selling out-of-the-money calls in Coffee futures options. For example, with July Coffee trading at 179.10 as of this writing, the July Coffee 195 calls could be sold for 1.10, or $412.50 per contract, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Red Robin Reports Mixed 1Q

Posted: 18 May 2012 06:38 AM PDT

Red Robin Gourmet Burgers Inc.(RRGB) reported earnings of 71 cents per share in the first quarter of 2012, breezing past the Zacks Consensus Estimate of 66 cents as well as the year-ago quarter adjusted earnings of 58 cents per share. Results in the quarter benefited from cost improvement resulting in margin expansion.
The company reported total revenue of $299.5 million in the first quarter, up 4.4% year over year but below the Zacks Consensus Estimate of $307.0 million.
Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Facebook A Welcome Diversion From Europe

Posted: 18 May 2012 06:38 AM PDT

Disconcerting headlines about Greece and the Spanish banking system have kept investors nervous in recent days, a trend that will likely remain with us for awhile. After all, the questions raised by the recent indecisive Greek elections about the country's place in the Euro-zone can only be answered by another round of voting in the coming weeks. Till that time, Greece-related questions will likely remain the primary headwind for the markets.
 
But investors in the U.S. are holding a big … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Dollar Tree, Pulte Homes, Sears Holdings, Wal-Mart Stores

Posted: 18 May 2012 06:38 AM PDT

    Wal-Mart Stores, Inc. (NYSE:WMT) posted first quarter earnings per share of $1.09, surpassing the Zacks Consensus Estimate of $1.04

    Sears Holdings Corporation (NASDAQ:SHLD) reported a first quarter loss per share of $0.31, beating the Zacks Consensus Estimate loss of $0.59

    Dollar Tree, Inc. (NASDAQ:DLTR) reported first quarter earnings per share of $1.00, surpassing the Zacks Consensus Estimate of $0.98

    PulteGroup, Inc. (NYSE:PHM) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perry Ellis Tops Consensus

Posted: 18 May 2012 06:38 AM PDT

Perry Ellis International Inc. (NASDAQ:PERY) posted adjusted earnings per share of 71 cents in the first quarter of fiscal 2013, beating the Zacks Consensus Estimate of 65 cents but deteriorating from the year-ago earnings of $1.08 per share. On a reported basis, earnings per share were 64 cents versus 99 cents earned in the year-ago quarter. Perry Ellis’ total revenue decreased 7.9% year over year in the quarter to $265.5 million.   
During the quarter, Perry Ellis’ gross profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quality Systems Misses 4Q Est.

Posted: 18 May 2012 06:18 AM PDT

Quality Systems (NASDAQ:QSII) reported fourth-quarter fiscal 2012 (ended March 31) adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 26 cents missing the Zacks Consensus Estimate of 27 cents. The company stated earnings per share of $1.30 for fiscal 2012 missing the Zacks Consensus Estimate of $1.31.   
Net income dropped 18.8% year over year to $150.7 million (25 cents per share) in the reported quarter partly due to higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gap Beats On Higher Sales

Posted: 18 May 2012 06:18 AM PDT

Driven by increased sales and a lower share count, The Gap Inc.'s (NYSE:GPS) earnings of 47 cents per share for first-quarter 2012 beat the Zacks Consensus Estimate by a penny and climbed 17.5% from the prior-period earnings of 40 cents.
Quarter in Detail
During the quarter, net sales increased 5.8% to $3,487 million from $3,295 million in the year-ago quarter. The spike in first-quarter sales resulted from continued strong performance of the spring products across all of the company's brands. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Few Surprises In Applied’s Q2

Posted: 18 May 2012 06:18 AM PDT

Applied Materials' (NASDAQ:AMAT) second quarter pro forma earnings beat the Zacks Consensus Estimate by 3 cents or 12.5%. Revenues were partly responsible, beating consensus expectations by 5.9%.
Revenue
Applied reported revenue of $2.54 billion, which was up 16.1% sequentially and down 11.2% year over year. The silicon business did better than expected, driving most of the upside. The Display business also rebounded, with revenues coming in much higher than management's expectations.
Applied … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Mixed Ahead Of Anticipated Facebook Debut

Posted: 18 May 2012 01:00 AM PDT

05/18/12 Optimism and excitement ahead of Facebook’s much anticipated IPO has helped lift global equities this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walter E. Williams: Greed Is Good

Posted: 18 May 2012 05:56 AM PDT

In the video above, Professor Walter E. Williams explains why greed is noblest of all human … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumiez Triumphs, Gives 2Q Outlook

Posted: 18 May 2012 05:43 AM PDT

Zumiez Inc. (NASDAQ:ZUMZ), a mall-based specialty retailer of action sports allied apparel, footwear, equipment and accessories, reported better-than-expected results for first-quarter 2012 on account of improved margins as well as strong merchandise, store expansion and e-commerce strategies. Quarterly earnings of 15 cents per share beat the Zacks Consensus Estimate of 11 cents and surged 150.0% from the prior-period level of 11 cents.
Net sales in the reported quarter climbed 22.7% to $129.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JP Morgan And Jamie Dimon: A Question Of Trust

Posted: 18 May 2012 05:33 AM PDT

Do you engage in business with people you don't trust?
Sometimes you may have no choice but in doing so you likely keep your guard up or exact a higher risk premium. For those with a choice, keeping one's distance from those you do not fully trust is typically the preferred path.
For those without a choice, a lack of trust is often offset with a lot of hope and prayers. Hope always remains a lousy hedge against a lack of trust. We see this at play currently on both sides of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Happened To Access Pharma In The Last Two Days?

Posted: 18 May 2012 05:23 AM PDT

What Happened to Access Pharma in The Last Two Days?

Grant Zeng, CFA

MuGard Sales Were In Line

ACCP filed its 10Q on May 15, 2011 for the first quarter of 2012.

Product sales of MuGard in the US totaled $572,000 for the first quarter of 2012 as compared with $13,000 for the same period of 2011, an increase of $559,000. First quarter sales were also in line with our estimate of $0.6 million.

Royalty revenue for MuGard in Europe for first quarter of 2012 was $21,000 as compared to $20,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCIE: Revenue Delayed, Goose Egg In Q1

Posted: 18 May 2012 05:23 AM PDT

SCIE: Revenue Delayed, Goose Egg in Q1
Brian Marckx, CFA

Q1 10-Q Filed

SpectraScience Inc. (SCIE) filed their 10-Q for the first quarter ending 3/31/2012 on May 15th.  Based on management’s prior comments indicating expectations of increasing sales of WavSTAT beginning in early 2012, we were surprised to see zero revenue in Q1.  Although not specifically addressed in the filing, we think the lack of revenue has more to do with nailing down a distribution agreement more so than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Korea Electric Still In Red

Posted: 18 May 2012 05:23 AM PDT

South Korean utility behemoth – Korea Electric Power Corporation (NYSE:KEP) – in the first quarter of 2012 digested an operating loss of KRW 105 billion (USD $0.09 billion), compared with an operating loss of KRW 476 billion (USD $0.41 billion) in the first quarter of 2011. The company continues to register operating losses mainly due to increases in operating expenses, such as fuel cost and power purchase cost, which were not fully offset by increases in operating revenues related to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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