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Stock Market News for November 3, 2010 - Market News
Wednesday, November 3, 2010 - 10:00am | 1144Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more than six months as most of...
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NYSE EuroNext Trumps Earnings Estimates
Wednesday, November 3, 2010 - 9:03am | 191NYSE Euronext (NYSE: NYX) reported 3Q10 operating EPS of $0.46, ahead of consensus of $0.43. Upside relative to our $0.40 estimate was driven by ongoing cost controls and a lower tax rate in Europe, although a depreciating USD prompted NYX to raise 2010 operating expense guidance by about 1% to $1....
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NYSE Beats but EPS Falls - Analyst Blog
Tuesday, November 2, 2010 - 4:33pm | 735NYSE Euronext Inc.'s (NYX) third quarter operating earnings per share of 46 cents came in three pennies ahead of the Zacks Consensus Estimate of 43 cents. However, earnings were substantially behind the 53 cents recorded in the year-ago quarter and 64 cents recorded in the prior quarter....
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IntercontinentalExchange Beats - Analyst Blog
Tuesday, November 2, 2010 - 9:35am | 667IntercontinentalExchange Inc.'s (ICE) second quarter operating earnings of $1.42 per share surpassed the Zacks Consensus Estimate of $1.36 per share and grew 20% year over year from $1.18 per share reported in the year-ago period. Adjusted net income of $105.9 million excludes $9.6 million of...
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J.P. Morgan Lowers Price Target On Intercontinental Exchange (ICE)
Tuesday, November 2, 2010 - 7:35am | 132J.P. Morgan Chase & Co. is lowering its price target on The Intercontinental Exchange (NYSE: ICE) to $136 from $138, but is keeping its Overweight rating after it reported earnings yesterday. In a note to clients, J.P. Morgan writes, "ICE reported earnings that were largely in line with our...
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NASDAQ OMX Launches Innovative Alpha Indexes Designed to Measure Performance Between Stocks and ETFs
Monday, November 1, 2010 - 1:27pm | 157The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) today announced the launch of five NASDAQ OMX Alpha IndexesTM designed to help market participants measure performance between stock and(...)Read the rest of NASDAQ OMX Launches Innovative Alpha Indexes Designed to Measure Performance Between Stocks and...
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Primus Implements Appointed Richard Claiden to Succeed Thomas Jasper as CEO
Monday, November 1, 2010 - 9:21am | 71Primus Guaranty, Ltd. (NYSE: PRS) announced today that Richard Claiden, who currently serves as its chief financial officer and chief operating officer, has been appointed chief executive officer, succeeding Thomas Jasper. In his new role, which is effective immediately, Mr. Claiden will also...
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IntercontinentalExchange Beats Earnings Estimates (ICE)
Monday, November 1, 2010 - 7:47am | 193Atlanta, Georgia based IntercontinentalExchange, Inc. (NYSE: ICE) announced on Monday morning that it beat consensus Wall Street earnings estimates. IntercontinentalExchange, which operates regulated futures exchange and over-the-counter markets, and derivatives clearing houses, reported 3rd...
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IntercontinentalExchange Reports Third Quarter Adjusted Diluted EPS of $1.42
Monday, November 1, 2010 - 7:35am | 76IntercontinentalExchange (NYSE: ICE) today reported financial results for the third quarter of 2010. Consolidated revenues were $287 million, an increase of 12% from $256 million in the third quarter of 2009. Consolidated net income attributable to ICE was $96 million, up 10% from net income of $87...
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Earnings Scheduled For November 1 (BHI, APC, AGN, PTV, GLW, HUM, VMC, NU, CNA, PFG, ED, L, ICE, SPG)
Monday, November 1, 2010 - 5:49am | 344Baker Hughes (NYSE: BHI) is expected to report its Q3 earnings at $0.47 per share on $3.81 billion in revenue. Anadarko (NYSE: APC) is estimated to report its Q3 EPS at $0.31 on $2.65 billion in revenue. Allergan (NYSE: AGN) is forecast to post its Q3 EPS at $0.78 on revenue of $1.18 billion....
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Nasdaq Beats by Three Cents - Analyst Blog
Friday, October 29, 2010 - 7:12pm | 820Nasdaq OMX Group Inc.'s (NDAQ) second quarter operating earnings per share of 50 cents surpassed the Zacks Consensus Estimate of 47 cents and prior-year quarter earnings of 42 cents. However, operating earnings missed by a couple from 52 cents reported in the prior quarter. Total operating...
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Monster Beats, Gives Strong Outlook - Analyst Blog
Friday, October 29, 2010 - 8:33am | 831Monster Worldwide, Inc. (MWW), the parent company of Monster.com, reported revenues of $228.8 million, up 6.7% from the year-ago quarter and up 6.5% sequentially, which beat the Zacks Consensus Estimate of $223 million. The reported figure includes a $1.8 million purchase accounting adjustment...
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J.P. Morgan Cuts Price Target On CME Group (CME)
Friday, October 29, 2010 - 7:54am | 143J.P. Morgan Chase & Co. cut its price target on CME Group Inc. (NYSE: CME) to $350 from $372.50, but is keeping its Overweight rating on shares. In a note to clients, J.P. Morgan writes, "CME reported 3Q10 EPS of $3.66, missing our estimate on BMVF revenue below expectations and expenses that...
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Portfolio Recovery Surpasses - Analyst Blog
Thursday, October 28, 2010 - 6:33pm | 571Portfolio Recovery Associates Inc. (PRAA) reported its third-quarter income from continuing operations of $18.5 million or $1.08 per share, surpassing the Zacks Consensus Estimate of $1.05. The strong earnings were primarily driven by higher-than-expected top-line growth attributable to...
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Moody's 3Q Beats Huge, Guidance Up - Analyst Blog
Thursday, October 28, 2010 - 1:03pm | 1061Moody's Inc.'s (MCO) third quarter 2010 earnings beat the Zacks Consensus Estimate by a huge 11 cents per share based on higher revenues that also exceeded expectations. The results reflect a strong activity in corporate and financial institution debt markets, largely driven by a high-yield bond...