Category: FNNO
Mid-Day Market Wrap-Up
Stocks are edging lower today on weak earnings and continued worry over the eurozone credit crisis. Fitch Ratings downgraded Greece by two notches this morning, Pushing the country’s rating further into junk territory. And the indices are all in the red today – The Dow Jones industrial average is down 47 points in mid day [...]
Quanta Services Beats Estimates And Gives Upbeat Guidance
Quanta Services (NYSE:PWR) reported Q4 EPS of $0.41, topping estimates of $0.36. Revenues in the quarter rose 36.8% year-over-year to $1.51 billion, ahead of estimates of $1.39 billion. The company sees Q1 EPS of $0.19 – $0.21, vs. estimates of $0.17, on revenues of $1.25 billion – $1.35 billion, vs. estimates of $1.39 billion. The [...]
El Paso Misses Estimates
El Paso (NYSE:EE) reported Q4 EPS of $0.13, topping estimates of $0.19. David Stevens, Chief Executive Officer of the company, said, “Fourth quarter 2011 earnings declined relative to fourth quarter 2010 earnings largely as the result of increased maintenance at our local generating plants and a reduction of capitalized carrying charges due to placing Newman [...]
Cinemark Reports Mixed Earnings For Q4, Rose 2.1% Year-Over-Year
Cinemark (NYSE:CNK) reported Q4 EPS of $0.16,missing analyst estimates of $0.19 per share. Revenues for the quarter rose 2.1% year-over-year to $535.90 million, better than consensus estimates of $533.44 million. Tim Warner, Cinemark’s Chief Executive Officer stated, “Cinemark’s increase in attendance this quarter of 2.3% drove an admissions revenue performance that again exceeded the North [...]
Cogent Communications Bested Estimates For Q4, Rose 13.8% Year Over Year
Cogent Communications (NASDAQ:CCOI)reported Q4 EPS of $0.12, topping analyst estimates of $0.04 per share. Revenues for the quarter rose 13.8% year-over-year to $79.91 million, better than consensus estimates of $79.90 million. Cogent Communications (NASDAQ:CCOI) has potential upside of 3.9% based on a current price of $18.04 and an average consensus analyst price target of $18.75. [...]
Junk Bonds Gain Traction
And junk bonds are rallying as confidence builds that Europe will avert a sovereign debt crisis. Strategists are saying the conditions are right for high yield- high risk debt making a comeback. The three main reasons are: First, Greece’s bailout. Its the second one in three years – and it helped avert a global credit [...]
Windstream Reports Mixed Results, But Guides Higher
Windstream (NYSE:WIN) reported Q4 EPS of $0.19, vs. estimates of $0.20. The company reported revenues of $1.21 billion, vs. estimates of $1.08 billion. The company sees 2012 pro forma revenues of $6.18 billion – $6.31 billion, may not be comparable to estimates of $4.12 billion. The company is targeting annual adjusted CapEx of $950 million [...]
Dollar Tree Beats Estimates
Dollar Tree (NASDAQ:DLTR) reported Q4 EPS of $1.60, topping estimates of $1.58. Revenues in the quarter rose 12.8% to $1.95 billion, inline with estimates. President and CEO Bob Sasser said, “I am pleased to report that our business momentum remains strong as Dollar Tree’s sales, operating margin, and earnings continued to expand in the fourth [...]
Yandex Reports Mixed Earnings For Q4
Yandex (NASDAQ:YNDX) reported EPS of $0.20, better than analyst estimates of $0.18 per share. Revenues for the quarter were $200 million, missing consensus estimates of $207.58 million. Arkady Volozh, Chief Executive Officer of Yandex said, “Yandex demonstrated strong traffic and revenue growth, capping off results for 2011 at the top end of our guidance range [...]
