Dell Inc. (DELL) Earning report August 16 2011 Overview : Dell trades an average of 26.85 million shares per day, and has a market cap of $27.76 billion. Dell Inc. provides integrated technology solutions in the information technology (IT) industry worldwide. The company designs, develops, manufactures, markets, sells, and supports mobility products, including laptops, netbooks, tablets, and smartphones; desktops PCs; and servers and networking products. The company was founded in 1984 and is headquartered in Round Rock, Texas.
Industry: Computer Hardware
Recent Price: $14.78
52 Week High: $17.60
52 Week Low: $11.34
Book Value: $4.41
On average, 32 analysts are expecting $0.48 per share, a drop of $-0.07 in earnings per share compared to last quarter's results of $0.55. Next quarter estimated mean earnings are $0.48 per share. Analyst estimates range between $0.41 and $0.57 per share. Dell has been able to beat the estimates in the last five quarters. With the recent market volatility, the future guidance will be looked at very closely. About a week ago the stock went below the 200 day moving average. At the time of this article, the stock has moved off the lows and is again testing the average.
Revenue year-over-year has increased to $61.49 billion for 2011 vs. $52.90 billion for 2010. The bottom line has rising earnings year-over-year of $2635 billion for 2011 vs. $1.43 billion for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $3.43 billion for 2011 vs. $2.17 billion for 2010. Revenue growth is at an annual rate of 16.24%.
Q1 Highlights:
* The company reported total revenue amounting to $15 billion, a year-over-year increase of 1 percent compared with $14.9 billion.
* By revenue group
* Large enterprise had revenue of $4.5 billion, up 5.4 percent year-over-year.
* Public revenue was $3.7 billion, down 2.3 percent year-over-year.
* Small and medium business revenue reported was $3.7 billion, a year-over-year increase of 6.9 percent.
* Consumer segment posted the highest revenue decline of 7.5 percent to $3 billion.
* Servers and networking revenue improved by 10.5 percent year-over-year to $ 2 billion.
*Services revenue increased by 4.9 per cent year-over-year to $2 billion.
* Software and peripherals sales were 2.6 billion for the quarter, up 2.8 percent.
* Mobility revenue came in at $4.7 billion, a year-over-year increase of 3.4 percent.
* Desktop PC sales for the quarter totaled $3.3 billion, down 8.1 percent year-over-year.
* Operating income was $1.4 billion, an increase of 67 percent over $824 million.
* Non-GAAP net income came in at $1.05 billion, up 79.8 percent year-over-year compared with $584 million.
* Diluted EPS was $0.55, up from $0.30 in the comparable year-ago quarter.
Analysts expect the company to report earnings ranging from $0.41 to $0.54 per share this quarter, with a consensus estimate of $0.48 per share and a coefficient variance of 7.29 percent. Dell is expected to post revenue in the range of $15.4 billion to $16.1 billion, with a consensus of $15.8 billion. In the corresponding year-ago quarter, the company reported earnings of $0.32 on revenue of $15.5 billion. A report by Gartner and IDC on Q2 PC shipments showed that the industry is "still in a period of adjustment". However, enterprise spending is expected to be higher, which should help offset weakness from the consumer segment. The company has greatly improved its cost efficiencies, which is helping to improve margins and should help this quarter's performance.
DELL is currently trading at a price of $14.36, and has been trading in the range of $ 11.34 to $17.60 in the past 52 weeks. The stock has an average target price of $19.00, and has an average recommendation of Overweight.
Showing posts with label earnings reports. Show all posts
Showing posts with label earnings reports. Show all posts
Saturday, August 13, 2011
Thursday, August 4, 2011
Hansen Natural Corporation (HANS) earnings report second quarter 2011
Hansen Natural Corporation (HANS) earnings report second quarter 2011, Goldman Sachs outlook 2013, Hansen Natural stock prediction 2011 : Hansen Natural Corporation (HANS) is set to release its second quarter earnings for fiscal year 2011 on Thursday, August 4. The company manufactures a range of beverages including fruit juices, soft drinks, and energy drinks.
The company operates under various popular brands including Monster Energy, Hansen's Natural Soda, and Hansen's Energy. The monster Energy line of drink is the company's most successful product and brings in around 90 percent of revenues.
Q1 Highlights:
* Hansen Natural Corporation reported net sales for the quarter of $356.4 million, a year-over-year increase of 49.7 percent compared with $238.1 million. Gross sales for the period were $407.6 million, up 50.6 percent year-over-year.
* The company reported operating income of $88.45 million for the quarter, an increase of 74.2 percent year over year from $50.8 million.
* The company reported net income of $55 million, an increase of 69 percent year-over-year as against $32.6 million.
* Diluted EPD for the quarter was $0.59, up from $0.35 in the comparable year-ago quarter.
Hansen Natural Corporation is anticipated to report earnings in the range of $0.79 and $0.92 per share, with a consensus estimate of $0.84, and a coefficient variance of 4.51. Revenues this time around are expected to fall in the range of $418 million and $454 million, with a consensus of $436 million. In the same year-ago quarter, the company posted earnings of $0.69 per share on revenues of $366 million.
Goldman Sachs recently raised their earnings outlook for the company through to 2013 stating, "The increase to our estimates reflect better US sales as HANS has been posting stronger-than-expected sales growth in the US convenience store data (up 22% ytd) as well as a slightly lower cost outlook as key spot commodities have retreated off of their peaks." The company is expanding into Europe which is good for company growth, but this segment may see lower sales this quarter owing to less promotional spending.
HANS is currently trading at a price of $74.17. In the past 52 weeks, the stock has been trading in the range of $40.81 to $84.00. HANS has an average target price of $79.00, and analysts maintain an average rating of Overweight on the company's stock.
The company operates under various popular brands including Monster Energy, Hansen's Natural Soda, and Hansen's Energy. The monster Energy line of drink is the company's most successful product and brings in around 90 percent of revenues.
Q1 Highlights:
* Hansen Natural Corporation reported net sales for the quarter of $356.4 million, a year-over-year increase of 49.7 percent compared with $238.1 million. Gross sales for the period were $407.6 million, up 50.6 percent year-over-year.
* The company reported operating income of $88.45 million for the quarter, an increase of 74.2 percent year over year from $50.8 million.
* The company reported net income of $55 million, an increase of 69 percent year-over-year as against $32.6 million.
* Diluted EPD for the quarter was $0.59, up from $0.35 in the comparable year-ago quarter.
Hansen Natural Corporation is anticipated to report earnings in the range of $0.79 and $0.92 per share, with a consensus estimate of $0.84, and a coefficient variance of 4.51. Revenues this time around are expected to fall in the range of $418 million and $454 million, with a consensus of $436 million. In the same year-ago quarter, the company posted earnings of $0.69 per share on revenues of $366 million.
Goldman Sachs recently raised their earnings outlook for the company through to 2013 stating, "The increase to our estimates reflect better US sales as HANS has been posting stronger-than-expected sales growth in the US convenience store data (up 22% ytd) as well as a slightly lower cost outlook as key spot commodities have retreated off of their peaks." The company is expanding into Europe which is good for company growth, but this segment may see lower sales this quarter owing to less promotional spending.
HANS is currently trading at a price of $74.17. In the past 52 weeks, the stock has been trading in the range of $40.81 to $84.00. HANS has an average target price of $79.00, and analysts maintain an average rating of Overweight on the company's stock.
Lloyds Banking Group reported a first-half net loss 2011
Lloyds Banking Group reported a first-half net loss 2011 : Britain's state-rescued Lloyds Banking Group on Thursday reported a first-half net loss of £2.3 billion (2.6 billion euros, $3.8 billion) after being forced to compensate clients who were mis-sold insurance.
LBG, which recently slashed 15,000 jobs as it bids to halve its international division, said its loss after tax for the six months to June compared with a net profit of £596 million in the first half of 2010.
Pre-tax profit excluding exceptional charges slid 31 percent to £1.1 billion but beat analyst expectations for £1.0 billion, according to Dow Jones Newswires. LBG was also hit my higher bad debt losses in Ireland.
"The group performed in line with our expectations in the first half of 2011 despite the ongoing challenges of economic and regulatory uncertainty, the effects of which ... are reflected in these results," LBG chief executive Antonio Horta-Osorio said in a statement.
The lender's share price slumped 2.73 percent to 37.89 pence in late morning trade on London's FTSE 100 index, which dipped 0.17 percent to 5,574.84 points.
Lloyds, 41-percent owned by the British government, was mainly hit by a one-off charge of £3.2 billion which it has set aside to compensate customers mis-sold payment protection insurance by the bank.
British banks in April lost a high court appeal against tighter regulation of PPI which provides insurance for consumers should they fail to meet repayments on a credit product such as personal loans, mortgages or payment cards.
PPI became controversial after it was revealed that numerous consumers had been sold the insurance without understanding that the cost was being added to their loan repayments. Britain has since banned simultaneous sales of PPI and credit products.
LBG on Thursday said its bad debt losses narrowed by 17 percent to £5.4 billion in the first half, although the impairment charge for Ireland increased 14 percent to £1.78 billion as a result of the country's weak property market.
Horta-Osorio, who has led LBG since March, unveiled in June plans to save the bank £1.5 billion a year, aided by the scrapping of 15,000 jobs, or 14 percent of its staff.
"We don't see that figure changing," he told a conference call with reporters on Thursday.
LBG has slashed more than 40,000 posts since 2009 as it looks to nurse its way back to health after its part-nationalisation at the height of the global financial crisis.
The bank confirmed it had received "a number of credible initial approaches" for the 632 branches it is being forced to sell by EU regulators following its £20 billion bailout, adding it was hopeful of finding a buyer by the end of 2011.
The lender, which was sunk by the ill-fated 2008 takeover of rival bank HBOS, is also cutting its international activities to 15 nations by 2014, compared with the current level of 30.
Horta-Osorio's predecessor Eric Daniels left LBG amid intense shareholder anger after he oversaw the government-brokered takeover of HBOS. A Portuguese national, Horta-Osorio formerly led Santander UK, the British arm of the Spanish banking group.
LBG, which recently slashed 15,000 jobs as it bids to halve its international division, said its loss after tax for the six months to June compared with a net profit of £596 million in the first half of 2010.
Pre-tax profit excluding exceptional charges slid 31 percent to £1.1 billion but beat analyst expectations for £1.0 billion, according to Dow Jones Newswires. LBG was also hit my higher bad debt losses in Ireland.
"The group performed in line with our expectations in the first half of 2011 despite the ongoing challenges of economic and regulatory uncertainty, the effects of which ... are reflected in these results," LBG chief executive Antonio Horta-Osorio said in a statement.
The lender's share price slumped 2.73 percent to 37.89 pence in late morning trade on London's FTSE 100 index, which dipped 0.17 percent to 5,574.84 points.
Lloyds, 41-percent owned by the British government, was mainly hit by a one-off charge of £3.2 billion which it has set aside to compensate customers mis-sold payment protection insurance by the bank.
British banks in April lost a high court appeal against tighter regulation of PPI which provides insurance for consumers should they fail to meet repayments on a credit product such as personal loans, mortgages or payment cards.
PPI became controversial after it was revealed that numerous consumers had been sold the insurance without understanding that the cost was being added to their loan repayments. Britain has since banned simultaneous sales of PPI and credit products.
LBG on Thursday said its bad debt losses narrowed by 17 percent to £5.4 billion in the first half, although the impairment charge for Ireland increased 14 percent to £1.78 billion as a result of the country's weak property market.
Horta-Osorio, who has led LBG since March, unveiled in June plans to save the bank £1.5 billion a year, aided by the scrapping of 15,000 jobs, or 14 percent of its staff.
"We don't see that figure changing," he told a conference call with reporters on Thursday.
LBG has slashed more than 40,000 posts since 2009 as it looks to nurse its way back to health after its part-nationalisation at the height of the global financial crisis.
The bank confirmed it had received "a number of credible initial approaches" for the 632 branches it is being forced to sell by EU regulators following its £20 billion bailout, adding it was hopeful of finding a buyer by the end of 2011.
The lender, which was sunk by the ill-fated 2008 takeover of rival bank HBOS, is also cutting its international activities to 15 nations by 2014, compared with the current level of 30.
Horta-Osorio's predecessor Eric Daniels left LBG amid intense shareholder anger after he oversaw the government-brokered takeover of HBOS. A Portuguese national, Horta-Osorio formerly led Santander UK, the British arm of the Spanish banking group.
Friday, July 29, 2011
Federated Investors Inc. (NYSE:FII) earnings per share second-quarter 2011
Federated Investors Inc. (NYSE:FII) earnings per share second-quarter 2011 ; Federated Investors Inc. (NYSE:FII) reported second-quarter 2011 earnings per share of 41 cents, in line with the Zacks Consensus Estimate, and below the year-ago earnings of 46 cents. Moreover, the reported earnings were below 43 cents per share reported in the prior quarter.
Results reflected decreased top-line growth, increase in voluntary fee waivers, and augmented operating expenses on a year-over-year basis. This was partly offset by a rise in fixed income and equity assets, higher assets under management (AUM) and a decline in the amortization of deferred sales commissions.
Performance in Detail
Total revenue inched down 2% year over year to $225.8 million and was below the Zacks Consensus Estimate of $243.0 million. The decline was primarily attributable to an increase in voluntary fee waivers, partially offset by a surge in higher revenue related to average money market, fixed-income and equity assets. Moreover, revenue slipped 5% sequentially, owing to an increase in voluntary fee waivers and lower average money market assets.
During the reported quarter, Federated derived 45% of its revenue from money market assets, 54% from fluctuating assets (34% from equity assets and 20% from fixed-income assets) and 1% from other products and services.
Total operating expenses inched up 4% year over year to $153.7 million, primarily reflecting higher professional services fees. However, expenses surged down 16% sequentially due to lower professional service fees related to non-recurring legal charges and lower distribution expense resulting from an increase in fee waivers.
Assets Position
As of June 30, 2011, total AUM was $349.4 billion, up 4% from $336.8 billion as of June 30, 2010 and down 2% from $354.9 billion reported as of March 31, 2011. Average managed assets were $354.2 billion, up from $337.1 billion in the year-ago quarter and down from $356.3 billion in the prior quarter.
At quarter end, fixed-income assets increased 12% year over year and 1% sequentially to $42.4 billion. Equity assets came in at $31.4 billion, up 17% year over year and down 1% from the prior quarter. Further, money market assets in both funds and separate accounts climbed 2% year over year and slipped 2% sequentially to $265.7 billion. Money market mutual fund assets were $236.1 billion in the quarter, up 2% year over year and down 1% sequentially.
As of June 30, 2011, cash and other investments were $294.1 million, down from $317.5 million as on March 31, 2011. However, total long-term debt was $435.0 million, up from $353.0 million as on March 31, 2011.
Share Repurchase and Dividend Update
During the reported quarter, Federated Investors purchased 338,512 shares of Federated Class B common stock for $7.4 million.
The board of Federated Investors declared a quarterly dividend of 24 cents per share, payable on August 15, 2011 to shareholders of record as of August 8, 2011.
Competitor Performance
Federated’s closest competitor, The Blackstone Group’s (NYSE:BX) second-quarter 2011 economic net income (ENI) was 63 cents per share, substantially outpacing the Zacks Consensus Estimate of 34 cents, as well as the prior-year quarter’s ENI of 18 cents. ENI came in at $703.3 million for the reported quarter compared with $205.2 million in the year-ago quarter.
The increase was primarily driven by improved investment performance in all the segments. The upbeat performance was aided by strong revenue growth, improved equity markets and lower operating expenses. Blackstone’s AUM also continued to show significant growth.
Our Take
We expect downward pressure on AUM, flows and margins. Regulatory backdrop, waning equity markets and sluggish global economic growth are anticipated to keep earnings under pressure. However, Federated has the potential for substantial growth in the long run, given its fairly healthy balance sheet and a diversified asset base as well as product mix. Nevertheless, the near-term outlook remains cautious and we wait for a strong and steady rebound that will help increase market activity and regenerate client demand.
Results reflected decreased top-line growth, increase in voluntary fee waivers, and augmented operating expenses on a year-over-year basis. This was partly offset by a rise in fixed income and equity assets, higher assets under management (AUM) and a decline in the amortization of deferred sales commissions.
Performance in Detail
Total revenue inched down 2% year over year to $225.8 million and was below the Zacks Consensus Estimate of $243.0 million. The decline was primarily attributable to an increase in voluntary fee waivers, partially offset by a surge in higher revenue related to average money market, fixed-income and equity assets. Moreover, revenue slipped 5% sequentially, owing to an increase in voluntary fee waivers and lower average money market assets.
During the reported quarter, Federated derived 45% of its revenue from money market assets, 54% from fluctuating assets (34% from equity assets and 20% from fixed-income assets) and 1% from other products and services.
Total operating expenses inched up 4% year over year to $153.7 million, primarily reflecting higher professional services fees. However, expenses surged down 16% sequentially due to lower professional service fees related to non-recurring legal charges and lower distribution expense resulting from an increase in fee waivers.
Assets Position
As of June 30, 2011, total AUM was $349.4 billion, up 4% from $336.8 billion as of June 30, 2010 and down 2% from $354.9 billion reported as of March 31, 2011. Average managed assets were $354.2 billion, up from $337.1 billion in the year-ago quarter and down from $356.3 billion in the prior quarter.
At quarter end, fixed-income assets increased 12% year over year and 1% sequentially to $42.4 billion. Equity assets came in at $31.4 billion, up 17% year over year and down 1% from the prior quarter. Further, money market assets in both funds and separate accounts climbed 2% year over year and slipped 2% sequentially to $265.7 billion. Money market mutual fund assets were $236.1 billion in the quarter, up 2% year over year and down 1% sequentially.
As of June 30, 2011, cash and other investments were $294.1 million, down from $317.5 million as on March 31, 2011. However, total long-term debt was $435.0 million, up from $353.0 million as on March 31, 2011.
Share Repurchase and Dividend Update
During the reported quarter, Federated Investors purchased 338,512 shares of Federated Class B common stock for $7.4 million.
The board of Federated Investors declared a quarterly dividend of 24 cents per share, payable on August 15, 2011 to shareholders of record as of August 8, 2011.
Competitor Performance
Federated’s closest competitor, The Blackstone Group’s (NYSE:BX) second-quarter 2011 economic net income (ENI) was 63 cents per share, substantially outpacing the Zacks Consensus Estimate of 34 cents, as well as the prior-year quarter’s ENI of 18 cents. ENI came in at $703.3 million for the reported quarter compared with $205.2 million in the year-ago quarter.
The increase was primarily driven by improved investment performance in all the segments. The upbeat performance was aided by strong revenue growth, improved equity markets and lower operating expenses. Blackstone’s AUM also continued to show significant growth.
Our Take
We expect downward pressure on AUM, flows and margins. Regulatory backdrop, waning equity markets and sluggish global economic growth are anticipated to keep earnings under pressure. However, Federated has the potential for substantial growth in the long run, given its fairly healthy balance sheet and a diversified asset base as well as product mix. Nevertheless, the near-term outlook remains cautious and we wait for a strong and steady rebound that will help increase market activity and regenerate client demand.
Anglo American Plc half profit rose 41 percent
Anglo American Plc half profit rose 41 percent : Anglo American Plc, part-owner of the world's biggest platinum and diamond producers, said first- half profit rose 41 percent, missing estimates, as it confronts "very strong headwinds" on costs.
Underlying earnings climbed to $3.1 billion, or $2.58 a share, from $2.2 billion, or $1.84 a share, a year earlier, Anglo said today in a statement. That compares with the $2.63-a- share mean estimate of eight analysts surveyed by Bloomberg News and Anglo's consensus of $2.59.
The benefit of rising metal prices, up 65 percent in the past two years on the LMEX London Metals Index, has been eroded by energy and labor costs. In South Africa, where power prices climbed 26 percent this year, workers are on strike to demand pay increases of more than 10 percent. Anglo copper sales fell 12 percent as rain curbed output across the southern hemisphere.
Anglo's announcement of a 28 cent-a-share dividend today is "disappointing," Peter Davey, head of mining research at SBG Securities, said by phone from London. He said he expected a payment closer to 40 cents. "The performance is a bit disappointing as well, especially in copper." Bloomberg's dividend estimate was for 29 cents.
The second half should be "stronger," Chief Executive Officer Cynthia Carroll told investors in London today. Anglo has raised the price outlook for all the materials it produces, she said.
Underlying earnings climbed to $3.1 billion, or $2.58 a share, from $2.2 billion, or $1.84 a share, a year earlier, Anglo said today in a statement. That compares with the $2.63-a- share mean estimate of eight analysts surveyed by Bloomberg News and Anglo's consensus of $2.59.
The benefit of rising metal prices, up 65 percent in the past two years on the LMEX London Metals Index, has been eroded by energy and labor costs. In South Africa, where power prices climbed 26 percent this year, workers are on strike to demand pay increases of more than 10 percent. Anglo copper sales fell 12 percent as rain curbed output across the southern hemisphere.
Anglo's announcement of a 28 cent-a-share dividend today is "disappointing," Peter Davey, head of mining research at SBG Securities, said by phone from London. He said he expected a payment closer to 40 cents. "The performance is a bit disappointing as well, especially in copper." Bloomberg's dividend estimate was for 29 cents.
The second half should be "stronger," Chief Executive Officer Cynthia Carroll told investors in London today. Anglo has raised the price outlook for all the materials it produces, she said.
Eldorado Gold Corp's Net profit rose in the second quarter 2011
Eldorado Gold Corp's Net profit rose in the second quarter 2011 ; Eldorado Gold Corp's (ELD.TO: Quote) profit rose in the second quarter on higher gold prices, but the company trimmed its 2011 production forecast because of a construction delay at processing facility.
Net income rose to $74.9 million, or 14 cents a share, from $55.7 million, or 10 cents a share, in the second quarter of 2010. Revenue rose to $251.4 million from $206.4 million, the company said in a release on Thursday evening.
Production fell to 162,429 ounces from 167,940 in the same period of 2010
"I'm very pleased with the performance in the second quarter. Our four operating gold mines continue to perform at or better than planned in terms of both costs and production levels," said Chief Executive Paul Wright on a conference call on Friday.
The Vancouver-based gold miner revised its 2011 production forecast lower to a range of 700,000 to 725,000 ounces at average cash operating costs of $390 to $410 an ounce. The previous forecast was 715,000 to 770,000 ounces at $375 to $395 each.
Net income rose to $74.9 million, or 14 cents a share, from $55.7 million, or 10 cents a share, in the second quarter of 2010. Revenue rose to $251.4 million from $206.4 million, the company said in a release on Thursday evening.
Production fell to 162,429 ounces from 167,940 in the same period of 2010
"I'm very pleased with the performance in the second quarter. Our four operating gold mines continue to perform at or better than planned in terms of both costs and production levels," said Chief Executive Paul Wright on a conference call on Friday.
The Vancouver-based gold miner revised its 2011 production forecast lower to a range of 700,000 to 725,000 ounces at average cash operating costs of $390 to $410 an ounce. The previous forecast was 715,000 to 770,000 ounces at $375 to $395 each.
Thursday, July 28, 2011
Deutsche Boerse AG net profit second quarter 2011
Deutsche Boerse AG net profit second quarter 2011 : German stock market operator Deutsche Boerse says its second quarter sales dipped slightly but net profit rose by 11 percent to euro179 million ($258 million) from euro161 million a year earlier.
The company said Thursday a decline in revenues of 6 percent from euro564 million to euro529 million due to lower equity market volatility was compensated through "rigorous cost discipline."
Deutsche Boerse AG is set to merge with New York Stock Exchange operator NYSE Euronext, creating the world's largest exchange operator.
It says total costs were down by 19 percent from euro356 million to euro289 million, including costs of euro19 million stemming from the planned merger.
Deutsche Boerse runs the Frankfurt Stock Exchange, while NYSE Euronext also owns bourses in Paris, Lisbon, Brussels and Amsterdam.
The company said Thursday a decline in revenues of 6 percent from euro564 million to euro529 million due to lower equity market volatility was compensated through "rigorous cost discipline."
Deutsche Boerse AG is set to merge with New York Stock Exchange operator NYSE Euronext, creating the world's largest exchange operator.
It says total costs were down by 19 percent from euro356 million to euro289 million, including costs of euro19 million stemming from the planned merger.
Deutsche Boerse runs the Frankfurt Stock Exchange, while NYSE Euronext also owns bourses in Paris, Lisbon, Brussels and Amsterdam.
Wednesday, July 27, 2011
Canara Bank net profit drops Q1 2011
Canara Bank net profit drops Q1 2011 : Public sector lender Canara Bank today posted 28 per cent decline in net profit The lender had posted a net profit of Rs 1,013.3 crore for the corresponding quarter last fiscal, Canara Bank said in a filing to the Bombay Stock Exchange (BSE).
However, total income of the bank increased by 31 per cent during the period to Rs 7,707.5 crore from Rs 5,894.8 crore in the corresponding year-ago period.
The interest income of the bank rose to Rs 7,180.7 crore during the reporting quarter from Rs 5,160.8 crore in the first quarter of the previous fiscal.
Bangalore-based bank's gross non-performing assets (NPAs) rose to 1.67 per cent during the quarter ended June 30 from 1.46 per cent in the same quarter a year ago.
However, total income of the bank increased by 31 per cent during the period to Rs 7,707.5 crore from Rs 5,894.8 crore in the corresponding year-ago period.
The interest income of the bank rose to Rs 7,180.7 crore during the reporting quarter from Rs 5,160.8 crore in the first quarter of the previous fiscal.
Bangalore-based bank's gross non-performing assets (NPAs) rose to 1.67 per cent during the quarter ended June 30 from 1.46 per cent in the same quarter a year ago.
Banco Santander SA (SAN) Net income Drops second-quarter 2011
Banco Santander SA (SAN) Net income Drops second-quarter 2011 : Banco Santander SA (SAN), Spain’s biggest bank, said second-quarter profit fell 38 percent as loan losses rose in Spain and Brazil and the company set aside money to compensate U.K. customers mis-sold mortgage-loan insurance.
Net income dropped to 1.39 billion euros ($2 billion) from 2.23 billion euros a year earlier, the Santander, Spain-based bank said in a filing to regulators today. Earnings missed the 2.05 billion-euro average estimate of 13 analysts surveyed by Bloomberg as the lender set aside 620 million euros to cover future U.K. loan-protection claims.
Santander fell as much as 3.6 percent in Madrid trading after a decline in profit in its three main markets -- Brazil, the U.K. and Spain -- led the bank to report the lowest quarterly result since 2005. An unexpected surge in loan impairments in Brazil on top of the increase analysts had foreseen in Spain means the bank’s earnings outlook will probably “remain under pressure”
“It’s disappointing that the results don’t just reflect Spain and its problems but other markets as well,” said Peter Braendle, who holds a “small amount” of Santander shares as part of the 57 billion Swiss francs ($71.3 billion) he helps manage at Swisscanto Asset Management in Zurich. “It was a big surprise that profit in Brazil also fell.” (source Bloomberg )
Banco Santander SA (SAN)stock prices prediction, Banco Santander SA (SAN) shares prices forecast, Banco Santander SA (SAN) shares prices today.
Net income dropped to 1.39 billion euros ($2 billion) from 2.23 billion euros a year earlier, the Santander, Spain-based bank said in a filing to regulators today. Earnings missed the 2.05 billion-euro average estimate of 13 analysts surveyed by Bloomberg as the lender set aside 620 million euros to cover future U.K. loan-protection claims.
Santander fell as much as 3.6 percent in Madrid trading after a decline in profit in its three main markets -- Brazil, the U.K. and Spain -- led the bank to report the lowest quarterly result since 2005. An unexpected surge in loan impairments in Brazil on top of the increase analysts had foreseen in Spain means the bank’s earnings outlook will probably “remain under pressure”
“It’s disappointing that the results don’t just reflect Spain and its problems but other markets as well,” said Peter Braendle, who holds a “small amount” of Santander shares as part of the 57 billion Swiss francs ($71.3 billion) he helps manage at Swisscanto Asset Management in Zurich. “It was a big surprise that profit in Brazil also fell.” (source Bloomberg )
Banco Santander SA (SAN)stock prices prediction, Banco Santander SA (SAN) shares prices forecast, Banco Santander SA (SAN) shares prices today.
Tuesday, July 26, 2011
National Oilwell Varco Earning Report Second Quarter ended June 30, 2011
National Oilwell Varco Earning Report Second Quarter ended June 30, 2011, today reported that for its second quarter ended June 30, 2011 it earned net income of $481 million, or $1.13 per fully diluted share. Earnings per share increased 18 percent compared to both the second quarter of 2010 and the first quarter of 2011. Excluding transaction charges of $4 million pre-tax, second quarter 2011 net income was $484 million, or $1.14 per fully diluted share.
The Company’s revenues for the second quarter of 2011 were $3.51 billion, which improved 12 percent from the first quarter of 2011 and 19 percent from the second quarter of 2010. Operating profit for the second quarter of 2011 was $712 million or 20.3 percent of sales, compared to 20.2 percent in the second quarter of 2010 and 20.0 percent in the first quarter of 2011, excluding transaction charges and Libya asset write downs from all periods. Year-over-year second quarter operating profit increased 20 percent, excluding transaction charges. Sequentially, second quarter operating profit increased 13 percent, resulting in operating profit flow-through (change in operating profit divided by the change in revenue) of 23 percent, excluding transaction and restructuring charges.
During the second quarter of 2011 the Company’s Rig Technology segment booked $2.96 billion in new orders. Backlog for capital equipment orders for the Company’s Rig Technology segment was $7.74 billion at June 30, 2011, up 26 percent from the end of the first quarter.
Pete Miller, Chairman, President and CEO of National Oilwell Varco, remarked, “Our Company achieved strong earnings this quarter, thanks to the hard work of our dedicated employees, who provide great service, quality products, and remarkable technology to the oil and gas industry worldwide, every day. All three segments posted higher sequential and year-over-year revenues, and we were pleased by the record level of bookings into our capital equipment backlog, which increased again this quarter for both land and offshore rigs. The Company continues to expand organically and pursue promising acquisition opportunities, supported by its substantial financial resources and strong technology portfolio.” Read More the complete earnings press release
The Company’s revenues for the second quarter of 2011 were $3.51 billion, which improved 12 percent from the first quarter of 2011 and 19 percent from the second quarter of 2010. Operating profit for the second quarter of 2011 was $712 million or 20.3 percent of sales, compared to 20.2 percent in the second quarter of 2010 and 20.0 percent in the first quarter of 2011, excluding transaction charges and Libya asset write downs from all periods. Year-over-year second quarter operating profit increased 20 percent, excluding transaction charges. Sequentially, second quarter operating profit increased 13 percent, resulting in operating profit flow-through (change in operating profit divided by the change in revenue) of 23 percent, excluding transaction and restructuring charges.
During the second quarter of 2011 the Company’s Rig Technology segment booked $2.96 billion in new orders. Backlog for capital equipment orders for the Company’s Rig Technology segment was $7.74 billion at June 30, 2011, up 26 percent from the end of the first quarter.
Pete Miller, Chairman, President and CEO of National Oilwell Varco, remarked, “Our Company achieved strong earnings this quarter, thanks to the hard work of our dedicated employees, who provide great service, quality products, and remarkable technology to the oil and gas industry worldwide, every day. All three segments posted higher sequential and year-over-year revenues, and we were pleased by the record level of bookings into our capital equipment backlog, which increased again this quarter for both land and offshore rigs. The Company continues to expand organically and pursue promising acquisition opportunities, supported by its substantial financial resources and strong technology portfolio.” Read More the complete earnings press release
Monday, July 25, 2011
Reliance Industries Ltd. Net Income for the quarter ended 30 June 2011
Reliance Industries Ltd. Net Income for the quarter ended 30 June 2011 : India’s largest company by market value, reported a 16.7% jump in stand-alone net profit for the quarter ended 30 June to Rs5,661 crore from the year earlier, aided by robust growth in the refining business.
Net income growth could have been faster but for a decline in revenue and profit from the oil and gas business, and a muted performance by the petrochemical segment. Revenue rose 37.2% to Rs83,689 crore.
While RIL’s revenue was higher than estimated by Bloomberg, the profit was marginally below expectation. The consensus estimate pegged stand-alone net profit at Rs5,712.58 crore and net sales at Rs77,616.6 crore.
Profit was substantially aided by a Rs356 crore rise in its other income to Rs1,078 crore, a result of “larger cash balance and higher yields”. The incremental other income contributed 44% to the conglomerate’s growth in net profit.
RIL rose 0.98% to Rs882.15 on BSE on Monday while the Sensex gained 0.8%. Earnings were announced after market hours. Over the last one year, RIL has underperformed the Sensex, losing 16.15%, while the benchmark index has gained 4.72%.
The company witnessed a substantial decline in its overall operating profit margin, which slid to 11.9% from 15.3%.
“This was due to the base effect and higher weightage of the low-margin refining business (in the current quarter’s performance),” RIL said.
The company has also seen a 40.6% year-on-year (y-o-y) increase in expenditure to Rs64,443 crore on account of the consumption of raw materials, mainly due to the higher cost of crude. Other expenditure increased 20.1% in the same period for various reasons, including higher power and fuel expenses.
“The growth in earnings was driven by strong refining margins and sustained performance in the petrochemicals business,” RIL chairman Mukesh Ambani said in a statement.
Earnings before interest and tax (Ebit) from the refining business grew 57.2% to Rs3,199 crore on a 45.8% increase in segment revenue to Rs73,689 crore.
The company reported gross refining margins (GRMs) of $10.3 (Rs457 today) per barrel for the quarter, which was in line with what analysts estimated. It represented a $1.8 per barrel premium to the benchmark Singapore GRMs in that period. The premium that RIL’s GRMs command over the benchmark was unchanged over the March quarter.
GRM is the spread between the cost of crude and the revenue earned from selling finished petroleum products.
In its statement, RIL said the refining business was aided by a higher differential in the prices of lighter (purer and more expensive) and heavier (less pure and cheaper) varieties of crude. The light-heavy differential in the period improved to $5.1 per barrel against $2.7 in the same quarter last year.
“The significant change can be attributed to strong demand for light products, supply disruption in Libya and increased supply (of mainly heavy-sour) of crude from Saudi Arabia,” RIL said.
The so-called gasoil crack, or the spread between the production cost of diesel and its market price, in Asia remained strong due to demand from the power sector in China and refinery outages in Japan, because of the earthquake and tsunami in March, RIL said.
Analysts said the results were in line with expectations. Some positive news from the oil and gas business alone could be a trigger for the stock, they said.
“The refining margin may have peaked out in the refining business and could improve to $10.8 per barrel at best in the coming quarters,” said Prakash Diwan, head of institutional broking at Mumbai-based Networth Stock Broking Ltd.
Diwan said that factors such as the price of crude gradually softening and the situation in Japan slowly returning to normal after the earthquake would cap a further upside in RIL’s GRMs.
A Mumbai-based analyst with a foreign brokerage firm said more than the price of crude, weakening global demand for oil will influence GRMs in coming quarters. He did not want to be named as he is not authorized to speak to the media.
Both Diwan and the analyst agreed that the commissioning of new refining facilities in the neighbourhood, including West Asia and China, could pose a pressure on margins.
The oil and gas business underperformed, mostly due to lower gas production from RIL’s D6 block in the Krishna-Godavari basin and its Panna, Mukta and Tapti fields.
There was a 16.5% y-o-y fall in revenue from the segment to Rs3,894 crore, while Ebit from the vertical slumped 23.3% in the same period to Rs1,473 crore. Gas and oil production from D6 were 18% and 41% lower, respectively, from a year ago.
In February, RIL tied up with London-based BP Plc to partner the company in its domestic oil and gas business, by acquiring a 30% stake in 23 of its oil and gas blocks. BP, with its deepwater drilling expertise, is expected to help RIL find a solution to declining gas production at D6.
Net income growth could have been faster but for a decline in revenue and profit from the oil and gas business, and a muted performance by the petrochemical segment. Revenue rose 37.2% to Rs83,689 crore.
While RIL’s revenue was higher than estimated by Bloomberg, the profit was marginally below expectation. The consensus estimate pegged stand-alone net profit at Rs5,712.58 crore and net sales at Rs77,616.6 crore.
Profit was substantially aided by a Rs356 crore rise in its other income to Rs1,078 crore, a result of “larger cash balance and higher yields”. The incremental other income contributed 44% to the conglomerate’s growth in net profit.
RIL rose 0.98% to Rs882.15 on BSE on Monday while the Sensex gained 0.8%. Earnings were announced after market hours. Over the last one year, RIL has underperformed the Sensex, losing 16.15%, while the benchmark index has gained 4.72%.
The company witnessed a substantial decline in its overall operating profit margin, which slid to 11.9% from 15.3%.
“This was due to the base effect and higher weightage of the low-margin refining business (in the current quarter’s performance),” RIL said.
The company has also seen a 40.6% year-on-year (y-o-y) increase in expenditure to Rs64,443 crore on account of the consumption of raw materials, mainly due to the higher cost of crude. Other expenditure increased 20.1% in the same period for various reasons, including higher power and fuel expenses.
“The growth in earnings was driven by strong refining margins and sustained performance in the petrochemicals business,” RIL chairman Mukesh Ambani said in a statement.
Earnings before interest and tax (Ebit) from the refining business grew 57.2% to Rs3,199 crore on a 45.8% increase in segment revenue to Rs73,689 crore.
The company reported gross refining margins (GRMs) of $10.3 (Rs457 today) per barrel for the quarter, which was in line with what analysts estimated. It represented a $1.8 per barrel premium to the benchmark Singapore GRMs in that period. The premium that RIL’s GRMs command over the benchmark was unchanged over the March quarter.
GRM is the spread between the cost of crude and the revenue earned from selling finished petroleum products.
In its statement, RIL said the refining business was aided by a higher differential in the prices of lighter (purer and more expensive) and heavier (less pure and cheaper) varieties of crude. The light-heavy differential in the period improved to $5.1 per barrel against $2.7 in the same quarter last year.
“The significant change can be attributed to strong demand for light products, supply disruption in Libya and increased supply (of mainly heavy-sour) of crude from Saudi Arabia,” RIL said.
The so-called gasoil crack, or the spread between the production cost of diesel and its market price, in Asia remained strong due to demand from the power sector in China and refinery outages in Japan, because of the earthquake and tsunami in March, RIL said.
Analysts said the results were in line with expectations. Some positive news from the oil and gas business alone could be a trigger for the stock, they said.
“The refining margin may have peaked out in the refining business and could improve to $10.8 per barrel at best in the coming quarters,” said Prakash Diwan, head of institutional broking at Mumbai-based Networth Stock Broking Ltd.
Diwan said that factors such as the price of crude gradually softening and the situation in Japan slowly returning to normal after the earthquake would cap a further upside in RIL’s GRMs.
A Mumbai-based analyst with a foreign brokerage firm said more than the price of crude, weakening global demand for oil will influence GRMs in coming quarters. He did not want to be named as he is not authorized to speak to the media.
Both Diwan and the analyst agreed that the commissioning of new refining facilities in the neighbourhood, including West Asia and China, could pose a pressure on margins.
The oil and gas business underperformed, mostly due to lower gas production from RIL’s D6 block in the Krishna-Godavari basin and its Panna, Mukta and Tapti fields.
There was a 16.5% y-o-y fall in revenue from the segment to Rs3,894 crore, while Ebit from the vertical slumped 23.3% in the same period to Rs1,473 crore. Gas and oil production from D6 were 18% and 41% lower, respectively, from a year ago.
In February, RIL tied up with London-based BP Plc to partner the company in its domestic oil and gas business, by acquiring a 30% stake in 23 of its oil and gas blocks. BP, with its deepwater drilling expertise, is expected to help RIL find a solution to declining gas production at D6.
Saturday, July 23, 2011
State Bank of Hyderabad (SBH) Net Profit first quarter ended June 30 2011
State Bank of Hyderabad (SBH) Net Profit first quarter ended June 30 2011 : Public sector lender State Bank of Hyderabad (SBH) today reported a net profit of Rs 284 crore for the first quarter ended June 30, up 41.1% over the same period last fiscal.
The net interest income (NII) grew by 15.23% to Rs 713.49 crore during the quarter as compared to Rs 619.17 crore during the first quarter of 2010-11,
Deposits increased to Rs 92,616 crore in the April-June period, clocking a growth of 16.30% over the last year. Advances rose Rs 66,226 crore, up 21.53%.
Per-employee business increased to Rs 11.54 crore from Rs 9.82 crore as on June, 2010, a growth of over 17%, the lender said. Business per branch grew to Rs 119 crore from Rs 110 crore in the first quarter of FY11.
The SBH's branch network increased to 1,324 with the opening of 130 new ones during the last fiscal year. Another 150 branches are planned for the current financial year together with around 80 in un-banked centres, which will be furthering financial inclusion.
Over 4,000 officers and clerical staff are under the process of recruitment to take care not only of current needs but to be groomed for assuming greater responsibilities in the coming years
The net interest income (NII) grew by 15.23% to Rs 713.49 crore during the quarter as compared to Rs 619.17 crore during the first quarter of 2010-11,
Deposits increased to Rs 92,616 crore in the April-June period, clocking a growth of 16.30% over the last year. Advances rose Rs 66,226 crore, up 21.53%.
Per-employee business increased to Rs 11.54 crore from Rs 9.82 crore as on June, 2010, a growth of over 17%, the lender said. Business per branch grew to Rs 119 crore from Rs 110 crore in the first quarter of FY11.
The SBH's branch network increased to 1,324 with the opening of 130 new ones during the last fiscal year. Another 150 branches are planned for the current financial year together with around 80 in un-banked centres, which will be furthering financial inclusion.
Over 4,000 officers and clerical staff are under the process of recruitment to take care not only of current needs but to be groomed for assuming greater responsibilities in the coming years
Friday, July 22, 2011
Netflix Inc. (NASDAQ:NFLX) Net Profit prediction
Netflix Inc. (NASDAQ:NFLX) Net Profit prediction : Shares of Netflix Inc. (NASDAQ:NFLX) are trading higher by +262.59% ahead of its quarterly earnings release. Netflix, the online video rental company is expected to release its quarterly results on July 25th 2011 .
Wall Street Analysts consensus calls for a profit of $1.11 a share on $790.49 million revenue.
Netflix estimates have a range of $0.15 a share. The high estimate calls for profit of $1.17 a share and the low estimate is calling for a profit of $1.02 a share, a year ago for the quarter the company reported $0.8 a share.
Netflix Inc. (NASDAQ:NFLX) is an online movie rental service. The company delivers its rentals by regular mail, using DVDs, or by its internet streaming service.
Other companies on the watch on this earnings event are Coinstar, Inc. NASDAQ:CSTR and Comcast Corporation NASDAQ:CMCSA.
This week Oppenheimer raised its target price on Netflix to $360 from $280 following announcements over expansion to the Latin America and the Caribbean and changes to its pricing plans, resulting in higher prices for members. The stock posted a new all-time high of $305.79 on July 13th.
Netflix Share prices 2011, Netflix stock prices forecast 2011, earning report july 25 2011. Netflix target price 2011.
Wall Street Analysts consensus calls for a profit of $1.11 a share on $790.49 million revenue.
Netflix estimates have a range of $0.15 a share. The high estimate calls for profit of $1.17 a share and the low estimate is calling for a profit of $1.02 a share, a year ago for the quarter the company reported $0.8 a share.
Netflix Inc. (NASDAQ:NFLX) is an online movie rental service. The company delivers its rentals by regular mail, using DVDs, or by its internet streaming service.
Other companies on the watch on this earnings event are Coinstar, Inc. NASDAQ:CSTR and Comcast Corporation NASDAQ:CMCSA.
This week Oppenheimer raised its target price on Netflix to $360 from $280 following announcements over expansion to the Latin America and the Caribbean and changes to its pricing plans, resulting in higher prices for members. The stock posted a new all-time high of $305.79 on July 13th.
Netflix Share prices 2011, Netflix stock prices forecast 2011, earning report july 25 2011. Netflix target price 2011.
McDonald's net income second-quarter 2011
McDonald's Corp.'s net income second-quarter 2011 : McDonald's Corp.'s (MCD) second-quarter earnings rose 15%, as the burger chain says it continues to build momentum, despite the economic headwinds challenging the fast-food industry.
McDonald's expects 4% to 5% growth globally in July same-store sales, which includes sales at restaurants open at least 13 months, even if temporarily closed. The summer boost follows a 5.6% same-store sales increase in the second quarter, led by strong results in June.
Shares of McDonald's rose 2.5% to $88.71 premarket and have risen 21% over the past year through Thursday's close.
McDonald's has consistently outperformed its competitors during and since the recession. Competitive pricing was part of what helped its growth during the economic downturn, but its increasingly diverse menu--ranging from value offerings to higher-margin products like blended-ice drinks, especially popular in the U.S.--have contributed to its positive results of late.
Same-store guest transactions increased 3.8% in the first half of the year, growing at about the same rate as last year.
U.S. same-store sales rose 4.5% in the second quarter. Internationally, where McDonald's is seen to have the most growth potential, same-store sales increased 5.9% in Europe and 5.2% in the Asia/Pacific, Middle East and Africa division.
Drive-throughs, delivery and extended hours in the AMPEA region continue to be key to McDonald's expansion.
But higher commodity costs continue to pressure margins. McDonald's expects commodity inflation to be between 4% and 4.5% in U.S. and Europe this year.
Earlier this month the company announced raises in some menu prices in China to help offset the continued food-cost and wage inflation in the country, which recently reached a three-year high.
In China, McDonald's is up against its American competitor, Yum Brands Inc. (YUM), which has achieved rapid expansion of its KFC chain in the country, including an 18% rise in same-restaurant sales in the second quarter. McDonald's does not break out its China results.
However, McDonald's continues to dominate Yum in the U.S., as its KFC, Taco Bell and Pizza Hut chains all experienced declining same-restaurant sales in the second quarter.
McDonald's reported a profit of $1.41 billion, or $1.35 a share, in the second quarter, up from $1.23 billion, or $1.13 a share, a year earlier. Revenue jumped 16% to $6.91 billion. Excluding currency fluctuations, the increase was 8%.
Analysts polled by Thomson Reuters had most recently forecast earnings of $1.28 on revenue of $6.65 billion. Operating margin edged up to 31.7% from 31%.
McDonald's expects 4% to 5% growth globally in July same-store sales, which includes sales at restaurants open at least 13 months, even if temporarily closed. The summer boost follows a 5.6% same-store sales increase in the second quarter, led by strong results in June.
Shares of McDonald's rose 2.5% to $88.71 premarket and have risen 21% over the past year through Thursday's close.
McDonald's has consistently outperformed its competitors during and since the recession. Competitive pricing was part of what helped its growth during the economic downturn, but its increasingly diverse menu--ranging from value offerings to higher-margin products like blended-ice drinks, especially popular in the U.S.--have contributed to its positive results of late.
Same-store guest transactions increased 3.8% in the first half of the year, growing at about the same rate as last year.
U.S. same-store sales rose 4.5% in the second quarter. Internationally, where McDonald's is seen to have the most growth potential, same-store sales increased 5.9% in Europe and 5.2% in the Asia/Pacific, Middle East and Africa division.
Drive-throughs, delivery and extended hours in the AMPEA region continue to be key to McDonald's expansion.
But higher commodity costs continue to pressure margins. McDonald's expects commodity inflation to be between 4% and 4.5% in U.S. and Europe this year.
Earlier this month the company announced raises in some menu prices in China to help offset the continued food-cost and wage inflation in the country, which recently reached a three-year high.
In China, McDonald's is up against its American competitor, Yum Brands Inc. (YUM), which has achieved rapid expansion of its KFC chain in the country, including an 18% rise in same-restaurant sales in the second quarter. McDonald's does not break out its China results.
However, McDonald's continues to dominate Yum in the U.S., as its KFC, Taco Bell and Pizza Hut chains all experienced declining same-restaurant sales in the second quarter.
McDonald's reported a profit of $1.41 billion, or $1.35 a share, in the second quarter, up from $1.23 billion, or $1.13 a share, a year earlier. Revenue jumped 16% to $6.91 billion. Excluding currency fluctuations, the increase was 8%.
Analysts polled by Thomson Reuters had most recently forecast earnings of $1.28 on revenue of $6.65 billion. Operating margin edged up to 31.7% from 31%.
Caterpillar report sales and revenues Second-quarter 2011
Caterpillar report sales and revenues Second-quarter 2011 ; Second-quarter earnings by Caterpillar Inc. were 37 percent higher than last year, the company reported Second-quarter sales and revenues of $14.2 billion were an all-time record, topping last year’s second-quarter total of $10.4 million.
Profit per share was $1.52 in the second quarter of 2011, or $1.72 per share excluding acquisition costs incurred with the recent purchase of Bucyrus, the Milwaukee-based mining firm.
Caterpillar also announced it was raising its 2011 outlook for both sales and revenues and profit — excluding the Bucyrus acquisition. The 2011 sales and revenues outlook is now expected to be in the range of $54 to $56 billion, up from a range of $52 to $54 billion.
Bucyrus is expected to add $2 billion in sales in 2011, reported Caterpillar.
Machinery sales increased more than 30 percent while manufacturing costs increased less than 4 percent, the company noted.
Caterpillar worldwide full-time employment was 108,175 at the end of the second quarter of 2011 compared with 97,487 at the end of the second quarter of 2010, an increase of 10,688 full-time employees.
Profit per share was $1.52 in the second quarter of 2011, or $1.72 per share excluding acquisition costs incurred with the recent purchase of Bucyrus, the Milwaukee-based mining firm.
Caterpillar also announced it was raising its 2011 outlook for both sales and revenues and profit — excluding the Bucyrus acquisition. The 2011 sales and revenues outlook is now expected to be in the range of $54 to $56 billion, up from a range of $52 to $54 billion.
Bucyrus is expected to add $2 billion in sales in 2011, reported Caterpillar.
Machinery sales increased more than 30 percent while manufacturing costs increased less than 4 percent, the company noted.
Caterpillar worldwide full-time employment was 108,175 at the end of the second quarter of 2011 compared with 97,487 at the end of the second quarter of 2010, an increase of 10,688 full-time employees.
Newport Bancorp Inc. (NFSB: News ) reported second-quarter net income 2011
Newport Bancorp Inc. (NFSB: News ) reported second-quarter net income of $439 thousand or $0.13 per share, down from $501 thousand or $0.14 per share in the year ago quarter.
Net interest income for the quarter was $3.76 million compared to $3.77 million in the prior year quarter. Total non-interest income was $605 thousand, down from $622 thousand in year ago quarter.
For the six months ended June 30, 2011, the Company reported net income of $740 or $0.22 per share , compared to $602 thousand or $0.17 per share, for the six months ended June 30, 2010. Net interest income was $7.6 million, compared to $7.4 million for six months ended June 30, 2010. Total non-interest income was $1.16 million, up from $943 thousand in year ago quarter.
NFSB: News stock prices prediction 2011, NFSB: News shares prices forecast 2011,
Net interest income for the quarter was $3.76 million compared to $3.77 million in the prior year quarter. Total non-interest income was $605 thousand, down from $622 thousand in year ago quarter.
For the six months ended June 30, 2011, the Company reported net income of $740 or $0.22 per share , compared to $602 thousand or $0.17 per share, for the six months ended June 30, 2010. Net interest income was $7.6 million, compared to $7.4 million for six months ended June 30, 2010. Total non-interest income was $1.16 million, up from $943 thousand in year ago quarter.
NFSB: News stock prices prediction 2011, NFSB: News shares prices forecast 2011,
Company Earning Report july 22 2011
Company Earning Report july 22 2011 : During regular trading hours and after hours, there were many stocks that continued to break out to the upside and downside in their earning news.,
Ticker Company Earning Date
DOV, Dover Corp. 7/22/2011 7:00
COL, Rockwell Collins Inc. 7/22/2011 7:30
APD, Air Products & Chemicals Inc. 7/22/2011 8:30
CMCO, Columbus McKinnon Corporation 7/22/2011 8:30
CPX , Complete Production Services, Inc. 7/22/2011 8:30
EVBS , Eastern Virginia Bankshares Inc. 7/22/2011 8:30
HON, Honeywell International Inc. 7/22/2011 8:30
MCD McDonald's Corp. 7/22/2011 8:30
MOSY MoSys, Inc. 7/22/2011 8:30
OFG Oriental Financial Group Inc. 7/22/2011 8:30
PRSP Prosperity Bancshares Inc. 7/22/2011 8:30
RAI Reynolds American Inc. 7/22/2011 8:30
SLB Schlumberger Limited 7/22/2011 8:30
STI SunTrust Banks, Inc. 7/22/2011 8:30
XRX Xerox Corp. 7/22/2011 8:30
ACO Amcol International Corp. 7/22/2011
ADVS Advent Software, Inc. 7/22/2011
AUBN Auburn National Bancorporation, Inc. 7/22/2011
BPOP Popular Inc. 7/22/2011
CAT Caterpillar Inc. 7/22/2011
CHRM Charm Communications Inc. 7/22/2011
COBZ CoBiz Financial Inc 7/22/2011
DMRC Digimarc Corporation 7/22/2011
DNBF DNB Financial Corp. 7/22/2011
DSPG DSP Group Inc. 7/22/2011
FCAL First California Financial Group, Inc. 7/22/2011
GE General Electric Co. 7/22/2011
GSLA GS Financial Corp. 7/22/2011
IDXX IDEXX Laboratories, Inc. 7/22/2011
MSFG Mainsource Financial Group 7/22/2011
NSR NeuStar, Inc. 7/22/2011
OLBK Old Line Bancshares Inc. 7/22/2011
SOMH Somerset Hills Bancorp 7/22/2011
TOFC Tower Financial Corporation 7/22/2011
UBNK United Financial Bancorp 7/22/2011
VZ Verizon Communications Inc. 7/22/2011
Ticker Company Earning Date
DOV, Dover Corp. 7/22/2011 7:00
COL, Rockwell Collins Inc. 7/22/2011 7:30
APD, Air Products & Chemicals Inc. 7/22/2011 8:30
CMCO, Columbus McKinnon Corporation 7/22/2011 8:30
CPX , Complete Production Services, Inc. 7/22/2011 8:30
EVBS , Eastern Virginia Bankshares Inc. 7/22/2011 8:30
HON, Honeywell International Inc. 7/22/2011 8:30
MCD McDonald's Corp. 7/22/2011 8:30
MOSY MoSys, Inc. 7/22/2011 8:30
OFG Oriental Financial Group Inc. 7/22/2011 8:30
PRSP Prosperity Bancshares Inc. 7/22/2011 8:30
RAI Reynolds American Inc. 7/22/2011 8:30
SLB Schlumberger Limited 7/22/2011 8:30
STI SunTrust Banks, Inc. 7/22/2011 8:30
XRX Xerox Corp. 7/22/2011 8:30
ACO Amcol International Corp. 7/22/2011
ADVS Advent Software, Inc. 7/22/2011
AUBN Auburn National Bancorporation, Inc. 7/22/2011
BPOP Popular Inc. 7/22/2011
CAT Caterpillar Inc. 7/22/2011
CHRM Charm Communications Inc. 7/22/2011
COBZ CoBiz Financial Inc 7/22/2011
DMRC Digimarc Corporation 7/22/2011
DNBF DNB Financial Corp. 7/22/2011
DSPG DSP Group Inc. 7/22/2011
FCAL First California Financial Group, Inc. 7/22/2011
GE General Electric Co. 7/22/2011
GSLA GS Financial Corp. 7/22/2011
IDXX IDEXX Laboratories, Inc. 7/22/2011
MSFG Mainsource Financial Group 7/22/2011
NSR NeuStar, Inc. 7/22/2011
OLBK Old Line Bancshares Inc. 7/22/2011
SOMH Somerset Hills Bancorp 7/22/2011
TOFC Tower Financial Corporation 7/22/2011
UBNK United Financial Bancorp 7/22/2011
VZ Verizon Communications Inc. 7/22/2011
Schlumberger Net Profit Q2 end of June 2011
Schlumberger Net Profit Q2 end of June 2011 ; A ramp-up in global investment in the oil and gas sector, which had been expected to occur in the second half of the year, actually began in earnest in the second quarter which filled the company’s coffers.
Schlumberger Ltd (NYSE: SLB) reported a 64% rise in its second-quarter net income.
Schlumberger's quarterly profit surged to $1.34 billion, or $0.98 per share, from $818 million, or $0.68 per share, in the year-ago period. Schlumberger's earnings from continuing operations came in at $0.87 per share. Its revenue jumped to $9.62 billion from $5.94 billion. However, analysts were expecting earnings of $0.85 per share on revenue of $9.19 billion.
Schlumberger shares rose $2.79, or +3.1%, in premarket trading Friday
Schlumberger shares prices july 22 2011, Schlumberger stock prices prediction 2011, Schlumberger Ltd (NYSE: SLB), NYSE: SLB, Total revenue Schlumberger
Schlumberger Ltd (NYSE: SLB) reported a 64% rise in its second-quarter net income.
Schlumberger's quarterly profit surged to $1.34 billion, or $0.98 per share, from $818 million, or $0.68 per share, in the year-ago period. Schlumberger's earnings from continuing operations came in at $0.87 per share. Its revenue jumped to $9.62 billion from $5.94 billion. However, analysts were expecting earnings of $0.85 per share on revenue of $9.19 billion.
Schlumberger shares rose $2.79, or +3.1%, in premarket trading Friday
Schlumberger shares prices july 22 2011, Schlumberger stock prices prediction 2011, Schlumberger Ltd (NYSE: SLB), NYSE: SLB, Total revenue Schlumberger
Thursday, July 21, 2011
Icon Plc (ICLR) Stock prices prediction per shares
Icon Plc (ICLR) Stock prices prediction per shares ; Icon Plc (ICLR) reported earnings results for the quarter ended June 2011. Earnings came in at $0.21 per share compared to analyst estimates of $0.22 per share. Earnings missed estimates by an unexpected -4.55% downside surprise. Investors might expect the stock price to fall as earnings were below expectations.
Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. There are currently 10 analysts covering this firm.
Investors can look to their reports for more information. Shares of ICLR fell by 0.44% or $-0.1/share to $22.63. In the past year, the shares have traded as low as $18.93 and as high as $28.03. On average, 235848 shares of ICLR exchange hands on a given day and today's volume is recorded at 258039.
Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. There are currently 10 analysts covering this firm.
Investors can look to their reports for more information. Shares of ICLR fell by 0.44% or $-0.1/share to $22.63. In the past year, the shares have traded as low as $18.93 and as high as $28.03. On average, 235848 shares of ICLR exchange hands on a given day and today's volume is recorded at 258039.
TCF Financial Corp (NYSE: TCB) stock prices prediction
TCF Financial Corp (NYSE: TCB) stock prices prediction : TCF Financial Corp (NYSE: TCB) is expected to earn $0.21 per share for quarter ended Jun 11. Estimates from Wall Street analysts ranged from as low as $0.17 per share to as high as $0.28 per share. For the same quarter last year, the company earned $0.32 per share. Revenues are expected to come in at $175.99M
TCF Financial Corp (NYSE: TCB): fell by 1.36% or $-0.18/share to $13.04. In the past year, the shares have traded as low as $12.83 and as high as $17.37. On average, 1608950 shares of TCB exchange hands on a given day and today's volume is recorded at 801607.
The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $13.84 area but be careful because the stock may face selling pressure at this level.
TCF Financial Corp (NYSE: TCB): fell by 1.36% or $-0.18/share to $13.04. In the past year, the shares have traded as low as $12.83 and as high as $17.37. On average, 1608950 shares of TCB exchange hands on a given day and today's volume is recorded at 801607.
The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $13.84 area but be careful because the stock may face selling pressure at this level.
Subscribe to:
Posts (Atom)