Wednesday, May 16, 2012

DailyMarkets.com - Target Beats On Bottom Line

DailyMarkets.com - Target Beats On Bottom Line

Target Beats On Bottom Line

Posted: 16 May 2012 09:48 AM PDT

Amid a sluggish economic environment, cautious consumer spending and intense competition, Target Corporation (NYSE:TGT) posted better-than-expected first-quarter 2012 results on the backs of healthy sales. The quarter benefited from an early Easter and favorable weather conditions.
The company delivered quarterly earnings of $1.11 per share that topped the Zacks Consensus Estimate of $1.01 and rose 11.5% from 99 cents earned in the prior-year quarter. The quarterly earnings fared better than the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo Set To Acquire Cellzome

Posted: 16 May 2012 09:48 AM PDT

GlaxoSmithKline (NYSE:GSK) recently announced that it has entered into an agreement to acquire 80.02% shares of a U.K. and Germany-based, privately-owned company, Cellzome, for a cash payment of £61 million (U.S. $99 million). Glaxo already owns 19.98% shares of Cellzome and after the completion of this deal will own the full company. The acquisition is expected to be completed on May 21, 2012.
After the acquisition, Glaxo will get full rights to Cellzome's proteomics technologies. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abercrombie Beats Marginally

Posted: 16 May 2012 09:48 AM PDT

Casual apparel retailer, Abercrombie & Fitch Co. (NYSE:ANF) reported adjusted earnings of 3 cents per share for the first quarter of 2012, marginally beating the Zacks Consensus Estimate of 2 cents per share. However, quarterly earnings for the quarter dipped substantially from the year-ago quarter earnings of 27 cents per share.
Revenue
Abercrombie reported net sales growth of 10% in the reported quarter, reaching $921.2 million from $836.7 million in the prior-year quarter. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘Sponsored Video: The Global Economy’

Posted: 16 May 2012 09:46 AM PDT

I receive an endless number of overtures from outlets looking to have me promote their products. I have always declined. . . until now. Why? I use and live by the product in this commentary. As such, I welcome endorsing it!!  LD
I start every day of the week in the same manner. How is that?
I go out my front door, pick up the newspaper and settle down to what I believe is the best periodical in the market today. Which is that?
The Financial Times, or as I and many people like to call it, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deere Beats, Ups Guidance

Posted: 16 May 2012 09:28 AM PDT

Deere & Co. (NYSE:DE) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54. Results were 23% above the $2.12 earned in the year-ago quarter.
The outperformance was largely driven by a strong demand for farm machinery, the launch of advanced new products and geographic expansion.
Operational Update
Deere's worldwide total sales increased 12% year over year to $10 billion, beating the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBN & HDB’s Credit Ratings Lowered

Posted: 16 May 2012 09:28 AM PDT

On Monday, the credit ratings of  ICICI Bank Ltd. (NYSE:IBN) and HDFC Bank Ltd. (NYSE:HDB) were downgraded by Moody's Investors Service, the rating arm of Moody’s Corp. (NYSE:MCO). The standalone Bank Financial Strength Rating (BFSR) for both the banks were lowered to "D+" from "C-", in order to align them with India's sovereign rating.
As a result of this rating revision, the hybrid debt rating of ICICI Bank was negatively impacted, while the same for HDFC Bank was not affected. ICICI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NYSE Shoved Off LME Bid

Posted: 16 May 2012 09:27 AM PDT

The Financial Times reported that the US derivative exchange giant – NYSE Euronext Inc. (NYSE:NYX) has been pushed out of the London Metal Exchange (LME) buyout battle owing to its low bid price.
However, other potential buyers – Hong Kong Stock Exchange, CME Group Inc. (NASDAQ:CME) and IntercontinentalExchange Inc. (NYSE:ICE) – are still running neck-to-neck in the race. While NYSE's bid was valued at £800 million ($1.28 billion), the other three bidders have reportedly made biddings worth over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smucker Chops Coffee Prices

Posted: 16 May 2012 09:07 AM PDT

Ohio-based The J. M. Smucker Company (NYSE:SJM) has announced that it will slash its packaged coffee prices by an average 6% owing to continuous decline in green coffee costs.
Smucker, which is slated to release its fourth quarter and fiscal year 2012 earnings on June 7, is cutting prices of coffee products sold in U.S. under the brand names of Folgers, Dunkin’ Donuts, Millstone, and Cafe Bustelo. However, this does not include coffee or other products sold in the Dunkin’ Donuts restaurants, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Digital River Launches New Product

Posted: 16 May 2012 08:48 AM PDT

E-commerce solutions provider Digital River Inc. (NASDAQ:DRIV) has recently announced the launch of its newest set of applications named The App Practice, a part of Digital River Global marketing solution. This set is particularly designed to offer improved e-business solutions to online traders across international borders.
The company's latest applications provide an excellent platform to its users for allocating online marketing and sales of digital and physical products through various … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Itron Reaches Algeria

Posted: 16 May 2012 08:33 AM PDT

Itron, Inc. (NASDAQ:ITRI) has been selected by the National Company of Measurement and Control Instruments ("ENAMC") to install C&I advanced data collection system in Algeria over the next 18 months. This initiative was taken to support the modernization of the electricity network and assist the clients (industrial and commercial) to manage their electricity consumption more efficiently in Algeria. 
Per the deal, ENAMC will be producing the meters while Itron will be supplying the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Auxilio Is In The Sweet Spot Of The Health Care Industry

Posted: 16 May 2012 08:13 AM PDT

Auxilio is in the Sweet Spot of the Health Care Industry
Ken Nagy, CFA

On May 15, 2012, Auxilio, Inc. (AUXO), the Mission Viejo, California based  Managed Print Services (MPS) company for the health care industry, reported financial results for its fiscal 2012 first quarter, ended March 31, 2012.

A strong quarter resulted in a nearly 40 percent year over year increase in sales, with revenue expanding $1.854 million to $6.537 million from $4.683 million for the first quarter ended March … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Autodesk Inc.

Posted: 16 May 2012 08:13 AM PDT

Autodesk Inc. (NASDAQ:ADSK) is scheduled to release its fiscal first quarter 2013 results on Thursday, May 17, 2012.  
Previous Quarter Highlights
Autodesk reported a strong fourth quarter driven by continued growth in revenues across geographies and robust higher licensing and maintenance revenues. This helped the company to not only surpass the Zacks Consensus Estimate, but also exceed management's guided range. Despite an improved top-line Autodesk's bottom line missed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MAKO Entangled In Lawsuits

Posted: 16 May 2012 08:13 AM PDT

A number of class action lawsuits were filed against MAKO Surgical Corporation (NASDAQ:MAKO) recently on behalf of investors who purchased its shares between January 9 and May 7, this year. The lawsuits claim, among other things, that MAKO misled the investors by not disclosing the detrimental sales and utilization rates for its Robotic Arm Interactive Orthopedic (RIO) Systems and MAKOplasty applications during the aforementioned period.
As per the lawsuits, the defendant failed to reveal the actual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Rises On US Data Releases

Posted: 16 May 2012 08:10 AM PDT

05/16/12 US equities turned higher on upbeat US economic data, as housing starts and industrial production came in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Industrial Production Rebounds In April; Vehicle Assemblies Were Highest In Almost Five Years

Posted: 16 May 2012 08:03 AM PDT

The Federal Reserve released its report today on Industrial Production in April, here are some highlights:

1. Overall industrial output increased by 1.1% in April on a monthly basis, which was the largest monthly gain since a slightly higher 1.13% increase in December 2010.  It was also the 11th monthly gain in the last 12 months.  

2. On an annual basis, industrial production increased by 5.2%, which was the largest annual gain in more than a year.  Annual increases were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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