Thursday, May 10, 2012

DailyMarkets.com - Scientific Games Posts Profit In 1Q

DailyMarkets.com - Scientific Games Posts Profit In 1Q

Scientific Games Posts Profit In 1Q

Posted: 10 May 2012 08:02 AM PDT

After a disastrous fourth quarter result, Scientific Games Corp. (SGMS) bounced back in the first quarter of 2012, reporting a profit of 2 cents. This also compared favorably with a loss of 8 cents per share in the year-ago quarter. However, earnings in the reported quarter fell well short of Zacks Consensus Estimate of 5 cents.
Quarter Details
Total revenue increased 19.3% year over year to $234.6 million, primarily driven by strong instant ticket sales, higher sales of lottery systems and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICAD: Axxent Revenue Ramping Despite Reimbursement Issue

Posted: 10 May 2012 07:43 AM PDT

ICAD: Axxent Revenue Ramping Despite Reimbursement Issue       

Brian Marckx, CFA

Q1 RESULTS

iCAD (ICAD) announced financial results for the first quarter ending March 31, 2012 on May 8th.  Revenue came in largely in-line with our number, although there was a meaningful difference in the revenue mix (CAD vs. Brachy).  The bad news was CAD revenue was significantly weaker than what we had been looking for.  The good news, which we think outshines … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Henry Schein Beats, Guidance Up

Posted: 10 May 2012 07:43 AM PDT

Henry Schein Inc. (NASDAQ:HSIC) reported EPS of 89 cents in the first quarter of 2012. However, after adjusting for restructuring costs of $11.8 million or 9 cents per share, adjusted EPS came in at 98 cents, up 19.5% year over year and above the Zacks Consensus Estimate of 91 cents.
Henry Schein reported a 7.8% year-over-year increase in revenues to $2.1 billion, which marginally exceeded the Zacks Consensus Estimate of $2.0 billion. The revenue growth included 8.4% growth in local currencies with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSIQ Lags Revenue, Beats EPS

Posted: 10 May 2012 07:42 AM PDT

Before markets opened, Canadian Solar Inc. (NASDAQ:CSIQ) reported first quarter 2012 results. In the reported quarter, the company with a loss per share of 49 cents fared better than the Zacks Consensus Estimate of a loss of 52 cents per share. However, results were much lower when compared to earnings of 44 cents in the year-ago period.
Operational Performance
Canadian Solar had revenues of $325.8 million, falling behind the Zacks Consensus Estimate of $371 million. Revenue was also down 31.3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Total U.S. Trade Sets New Record High In March

Posted: 10 May 2012 07:27 AM PDT

Total U.S. international trade (exports + imports) set a new monthly record of $425.3 billion in March (see chart above), as both monthly exports ($186.7 billion) and imports ($238.6 billion) reached record high levels in March, according to today’s BEA report.

Other highlights include:

1. Total international trade increased in March 2012 by about 8% compared to March 2011 ($$394 billion), and was 53% above the recession-related cyclical low of $277.5 billion in April 2009.  Adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MannKind Narrows Loss

Posted: 10 May 2012 07:23 AM PDT

MannKind Corporation's (NASDAQ:MNKD) first quarter 2012 net loss of 27 cents per share was narrower than the year-ago loss of 34 cents. First quarter 2012 loss was, however, wider than the Zacks Consensus Estimate of a loss of 23 cents. The narrower year-over-year loss was primarily attributable to lower expenses incurred in the first quarter of 2012.
Quarter in Detail
MannKind did not generate any revenues in the first quarter of 2012, whereas the company generated a revenue of $50,000 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Good

Posted: 10 May 2012 07:03 AM PDT

 
The favorable Jobless Claims reading this morning is welcome, particularly given last week's April non-farm payroll miss. The labor market is at the core of the economic recovery story, and the weak run of recent jobs reports has been raising questions about that narrative.
But this positive news is unlikely to cause a shift in the market's focus from the continuing Greek saga. Even the soft outlook from Cisco (NASDAQ:CSCO), a bellwether for global tech spending trends, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CenturyLink Beats Estimates In 1Q

Posted: 10 May 2012 07:03 AM PDT

The fourth-largest U.S. landline operator CenturyLink Inc. (NYSE:CTL) reported first quarter 2012 adjusted earnings of 68 cents per share beating the Zacks Consensus Estimate of 59 cents.
However, adjusted earnings plunged 12.8% from the year-ago earnings of 78 cents. The downfall was due to steeper operating expenses and lower legacy voice and access revenues, arising from the loss of customers and lower minute's usage that clouded over higher strategic revenues.
Adjusted earnings per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Premiums Drive Amerisafe’s 1Q

Posted: 10 May 2012 06:43 AM PDT

Amerisafe Inc.'s (NASDAQ:AMSF) first-quarter 2012 operating earnings per share of 45 cents outpaced the Zacks Consensus Estimate of 33 cents and the prior-year quarter's earnings of 35 cents, primarily on lower share count. Consequently, operating net income escalated 28.6% year over year to $8.4 million.
Including net realized gains of $1.8 million against $0.1 million in the year-ago period, reported net income soared to $9.6 million or 52 cents per share, compared with $6.6 million or 35 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bed Bath & Beyond, Cost Plus, Dean Foods Company, Walt Disney Company, Dynavax Technologies, GlaxoSmithKline PLC, Human Genome Sciences

Posted: 10 May 2012 06:43 AM PDT

    Cost Plus, Inc. (NASDAQ:CPWM) gained 21.9% after Bed Bath & Beyond Inc. (NASDAQ:BBBY) inked a deal to acquire Cost Plus for $494 million

    Shares of Dean Foods Company (NYSE:DF) rose 11.2% after it reported first quarter earnings per share of $0.31, beating the Zacks Consensus Estimate of $0.21

    Dynavax Technologies Corporation (NASDAQ:DVAX) declined 22.6% after it announced it was selling 17.5 million shares at $4.25 per share. The transaction is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Simcere Misses On All Fronts

Posted: 10 May 2012 06:43 AM PDT

Simcere Pharmaceutical Group's (NYSE:SCR) first quarter 2012 earnings of 8 cents per American Depositary Share (ADS) were in-line with the year-ago earnings but short of the Zacks Consensus Estimate by 2 cents. Lower-than-expected revenues led to the earnings miss in the first quarter of 2012. We note that each ADS stands for two ordinary shares of Simcere Pharma.
Revenues at Simcere Pharma came in at $77.4 million in the first quarter of 2012, up 5.2% year over year. Higher sales of oncology … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lack Of Confidence Shakes Gold

Posted: 10 May 2012 06:42 AM PDT

Thursday, May 10, 2012
Gold has certainly lost its luster with traders in recent session! The US economy, which was showing encouraging signals, now seems weaker. Also, the fact that Greece has continued to drag its heels and failed to approve austerity measures could result in worsening EU debt conditions. Some traders may perhaps wish to consider selling a bear call spread – for example, selling the June Gold 1650 calls and buying the 1680 calls for a credit of 2.50, or $250. The maximum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 1Q For Titanium Metals

Posted: 10 May 2012 06:23 AM PDT

Titanium Metals Corporation (NYSE:TIE) posted earnings of 15 cents per share in the first quarter of 2012, down from the year ago earnings of 16 cents. The results missed the Zacks Consensus Estimate by a penny.
Revenues
Revenues increased 10% to $276.7 million from $252 million in the prior year quarter, exceeding the Zacks Consensus Estimate of $275 million. Strong demand for titanium products within the commercial aerospace sector drove the prices and shipments, thus increasing sales in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agrium Beats Ests, Profit Falls

Posted: 10 May 2012 06:08 AM PDT

Agrium Inc.'s (NYSE:AGU) first-quarter 2012 adjusted (excluding one-time items other than stock-based compensation expenses) earnings of $1.03 per share exceeded the Zacks Consensus Estimate of $1.00. On a reported basis, earnings came in at 97 cents per share, down 11% from $1.09 reported in the year-ago quarter.
Revenues amounted to $3,629 million, up 23% from $2,954 million a year ago, also above the Zacks Consensus Estimate of $2,966 million. Retail business contributed to strong sales in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Rebounding Following Recent Weakness

Posted: 10 May 2012 06:00 AM PDT

05/10/12 Stocks moved higher at the start of trading on Thursday, regaining some ground after trending lower over the past few … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jamba’s Results Improve In 1Q

Posted: 10 May 2012 05:48 AM PDT

Jamba Inc. (NASDAQ:JMBA), the leading restaurant retailer of food and beverage offerings, reported a loss of 3 cents per share in the first quarter of 2012, better than the Zacks Consensus Estimate of a loss of 6 cents as well as the prior-year loss of 11 cents per share. Efficiencies in the company's cost structure were primarily responsible for the improvement during the quarter.
The first quarter of 2012 included 13 weeks of operation while the year-ago quarter included 16 weeks of operation. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intuitive Upgraded To Outperform

Posted: 10 May 2012 05:32 AM PDT

We upgrade our rating for Intuitive Surgical (NASDAQ:ISRG) to Outperform. First quarter earnings per share beat the Zacks Consensus Estimate. Recurring revenue continues to grow as a proportion of sales. Recurring revenues moved up 31% year over year and constituted 58% of sales in the most recent quarter.     
Revenue amounted to $495.2 million in the first quarter, up 28% year over year. On a segment-wise basis, the company reported revenues from instruments and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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