Cincinnati Financial Corp. (CINF) has reported third quarter 2011 operating earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but down 62% year over year. Year-over-year earnings declined due to high catastrophe incidence during the quarter. Revenue for the quarter stood at 4, down 12% year over year. After-tax investment income [...]
Applied Materials’ (AMAT) second quarter earnings were in line with the Zacks Consensus Estimate. Revenue came in higher than management expectations and exceeded the Zacks Consensus by 3.2%. Revenue Applied reported revenue of .86 billion, which was up 6.6% sequentially and 24.7% year over year. The Applied Global Services (“AGS”) and Energy and Environmental Systems [...]
AT&T Inc. (T), the largest U.S. telecom carrier, declared its fourth quarter and fiscal 2010 earnings before the opening bell. The company reported adjusted earnings of 55 cents per share in the fourth quarter, beating the Zacks Consensus Estimate by a penny. Adjusted earnings climbed 10% from 50 cents per share in the year-ago quarter. [...]
Verizon Communications (VZ), the second largest U.S. phone company, declared its fourth quarter and fiscal 2010 earnings results before the opening bell. The company reported fourth quarter adjusted earnings of 54 cents per share missing the Zacks Consensus Estimate by a penny. Higher discounts on Verizon’s family and unlimited plans ahead of its iPhone debut [...]
The U.S. Energy Department’s weekly inventory release showed a surprise build in crude stockpiles. The agency’s bearish report further added that gasoline and distillate supplies logged a broader-than-expected climb, while refinery run-rates decreased from the previous week. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending on [...]
HCP Inc. (HCP), a health care real estate investment trust (REIT), reported third quarter 2010 FFO (funds from operations) of .1 million or 31 cents per share, compared with .2 million or 11 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding [...]
Applied Micro Circuits Corporation (AMCC) reported results for the second quarter of fiscal 2011 which beat estimates, but the outlook for the third quarter was weak. Applied Micro recorded revenues of .0 million in the second quarter of fiscal 2011, up 8.5% sequentially and up 34% year over year and beat management’s guidance of .5 ? .8 million.
On a [...]
KLA-Tencor Corporation’s (KLAC) first quarter earnings beat the Zacks Consensus by 13 cents, or 15.1%. Revenue was also better than expected, beating by 5.0%. Investors did not react too strongly, considering the fact that after-market trading just pulled up prices by 0.76%. We expected the company to report a strong quarter and provide softer guidance [...]
ExxonMobil Corp. (XOM) reported better-than-expected third quarter results driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. Notably, this was the first full quarter that includes the natural-gas company XTO Energy.
The world’s largest publicly traded oil company posted earnings of .44 per share, compared with the Zacks Consensus Estimate of .39 [...]
There’s no real way to describe this other than quoting the Nikkei:
60% Favor No Lunch Break At TSE: Poll
About 60% of Japan’s retail investors support scrapping the noon recess for trading shares on the Tokyo Stock Exchange, a poll taken by kabu.com Securities Co. (8703) shows.
The survey of the online brokerage’s customers showed that 23% said the midday break should be shortened.
Many of these responses came from company employees.
The survey also showed that many investors want to trade after they get home, with 55% of respondents supporting introducing an evening session.
The TSE is discussing extending its trading hours. About 13,000 kabu.com customers responded to the survey, whose results were released Friday.
I agree. Legally, workers in Japan are required to take a 45 minute break. I usually end up taking about 15 minutes away myself during the market lunch, so I understand why many workers don’t want to be away from their desks for a full hour. There’s just too much going on.
In terms of the market itself, there’s no reason why 20-25 minute lunch breaks couldn’t be staggered and the market stay open. There’s usually quite a bit of work going on during that hour break in trading, and I often get my own lunch after the market closes.
Why not keep the markets open all day? Is there an attempt to limit volatility? And what about after hours? There’s really no reason for the market to close.