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Legg Mason Exceeds Wall Street Estimates, Stock Rising After Hours (LM)
Monday, July 26, 2010 - 4:15pm | 84Legg Mason (NYSE: LM) has released its quarterly earnings numbers after the closing bell on Monday. The asset manager reported net income of $48 million, or $0.30 per share. On an adjusted basis, income was $96 million or $0.60 per share. This compares with analysts' consensus EPS estimates of $0....
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Legg Mason Misses Bottom Line; Shares off Slightly (LM)
Monday, July 26, 2010 - 4:09pm | 294Legg Mason Inc. (NYSE: LM) reports Q1 earnings of $0.30 versus estimates of $0.31. Legg Mason Inc. reports Q1 revenues of $674.20 versus estimates of $651.60 million. In the quarter, Legg Mason raised $1.3 billion through a closed-end fund launch, the largest in the industry since 2007. Assets...
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Legg Mason Misses EPS Estimates (LM)
Monday, July 26, 2010 - 4:04pm | 34Legg Mason Inc. (NYSE: LM) reports earnings of $0.30 versus estimates of $0.31. Legg Mason Inc. reports revenues of $674.2 versus estimates of $651.60 million. Legg Mason shares closed at $30.08.
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Calls Purchased on Blackstone Group (BX)
Monday, July 26, 2010 - 1:34pm | 134Shares of The Blackstone Group LP (NYSE: BX) are higher on the session by 4.89%, currently trading at $11.80. The stock has been moving largely lower over the past three months, but has caught a bid over the past four weeks. Options traders are buying calls on the name today, betting that the...
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Blackstone Flying Higher Today (BX)
Monday, July 26, 2010 - 12:35pm | 130It looks like some panic buying is going on today as the S&P 500 is trading above some key resistance levels. It looks like this has also triggered some short covering. One name that investors are jumping into in order to add some beta to their portfolios is Blackstone Group (NYSE: BX). BX...
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J.P. Morgan Reiterates Overweight on T. Rowe Price (TROW)
Monday, July 26, 2010 - 9:28am | 261J.P. Morgan is out with a research report this morning, where it reiterates its Overweight rating on T. Rowe Price Group Inc. (NASDAQ: TROW); it has a $55.00 price target on the stock. The JPM analysts said, “T Rowe Price reported 2Q10 EPS of $0.59, below our estimate of $0.61. This was...
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Stocks To Watch For July 26 (CALM, LO, FLR, LM)
Monday, July 26, 2010 - 6:24am | 165Some of the stocks that may grab investor focus are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to post its FQ4 EPS at $0.64 on $233 million in revenue. CALM’s shares fell 0.97% to close at $29.69 on Friday. Analysts are expecting Lorillard Inc (NYSE: LO) to have earned $1.60 per share...
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The Select Sector SPDR ETF Family Is Suing Invesco Ltd. Over Its Use Of Similar Trading Symbols
Saturday, July 24, 2010 - 11:29am | 167“The manager of the Select Sector SPDR exchange-traded fund family is suing Invesco Ltd. (IVZ) over its use of similar trading symbols for its PowerShares ETFs. The complaint by the the Boston(...)Read the rest of The Select Sector SPDR ETF Family Is Suing Invesco Ltd. Over Its Use Of Similar...
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The Select Sector SPDR ETF Family Is Suing Invesco Ltd. Over Its Use Of Similar Trading Symbols
Saturday, July 24, 2010 - 11:29am | 167“The manager of the Select Sector SPDR exchange-traded fund family is suing Invesco Ltd. (IVZ) over its use of similar trading symbols for its PowerShares ETFs. The complaint by the the Boston(...)Read the rest of The Select Sector SPDR ETF Family Is Suing Invesco Ltd. Over Its Use Of Similar...
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Company News for July 23, 2010 - Corporate Summary
Friday, July 23, 2010 - 10:09am | 387• Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion • SanDisk (NASDAQ:SNDK) posted second quarter earnings of 18 cents, on revenues...
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Federated Investors’ Revenues Disappoint (FII)
Thursday, July 22, 2010 - 4:54pm | 172Federated Investors, Inc. (NYSE: FII) reports Q2 EPS $0.46 vs consensus of $0.39. Federated Investors, Inc. reports Q2 revenue $231.5 million vs consensus of $237.28 million. Federated's Q2 2010 financial results include a recognition of insurance proceeds, which reduced operating expenses by $25.0...
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Penson Worldwide, Inc. Reports Results for Second Quarter Ended June 30, 2010
Thursday, July 22, 2010 - 4:30pm | 284Penson Worldwide, Inc. (PNSN) today announced net revenues of $71.1 million and a net loss of $7.4 million, or ($0.29) per share, for the second quarter ended June 30, 2010. Results included $7.6 million in certain pre-tax expenses, which on a per share basis net of tax equaled ($0.26), consisting...
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Finicky Market 07-22-2010
Thursday, July 22, 2010 - 2:45pm | 734Cusick’s Corner Today’s market is for the bulls, yesterday was for the bears, and this market is getting more finicky than a cat. Tech and Transports are the leaders going into this rally, which was sparked in the pre-market after T, QCOM, and UPS all announced blockbuster earnings. With the...
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Afternoon Market Update (QCOM, MSFT, AAPL, ORCL, DELL, STI, JNS, KEY, FITB, BBT)
Thursday, July 22, 2010 - 1:43pm | 296US tech stocks moved up, with Qualcomm Inc (NASDAQ: QCOM) leading the sector. QCOM moved up about 8% after reporting healthy results for the latest quarter. Microsoft Corp (NASDAQ: MSFT) is also gaining as the company is set to post its quarterly results after the closing bell today. Other stocks...
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J.P. Morgan Reiterates Neutral Rating For Northern Trust (NTRS)
Thursday, July 22, 2010 - 12:44pm | 134Northern Trust (NASDAQ: NTRS) released its quarterly earnings prior to the opening bell on Wednesday. The bank reported EPS of $0.82 versus consensus estimates of $0.72. In the year ago period, NTRS reported earnings per share of $0.61. Revenues were down 7.3% year over year. J.P. Morgan (NTRS)...