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Piper Jaffray Comments On Visa Following Strong Results
Thursday, February 3, 2011 - 10:50am | 223Visa (NYSE: V) reported strong fiscal 1Q11 results with 14% y/y revenue growth and 20% y/y EPS growth. Revenue and operating income were in-line, while investment income helped drive a $0.03 beat vs. Piper Jaffray's model, $0.02 vs. consensus. It strongly reiterates its Overweight rating on Visa,...
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News Summary
Thursday, February 3, 2011 - 10:38am | 200Shares of MasterCard Inc (NYSE: MA) fell about 0.7% after the company reported Q4 earnings. The company's net income came in at $415 million, or $3.16 per share, compared with $294 million, or $2.24 per share, in the year-ago period. The firm's net revenue increased 10.7% to $1.4 billion. However,...
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Deutsche Bank Reiterates Hold Rating on NeuStar (NSR)
Thursday, February 3, 2011 - 10:28am | 160Deutsche Bank is out with a research report this morning, where it reiterates its Hold rating on NeuStar Inc. (NYSE: NSR); it has a $28.00 price target on the stock. The DB analysts cited the company's recent earnings released generally in-line with expectations when adjusted. The analysts noted...
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Goldman Sachs Trims Estimates & PT On NeuStar Inc.
Thursday, February 3, 2011 - 10:17am | 185NeuStar (NYSE: NSR) reported 4Q10 revenues of $138.3 mn and operating EPS of $0.41, both in-line. For 2011, management's outlook calls for revenues of $585 mn-$600 mn vs. Goldman's prior estimate of $587 mn, and EBITDA of $244 mn-$254 mn vs. its prior estimate of $258 mn. Goldman raises its 2011-...
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Company News for February 03, 2011 - Corporate Summary
Thursday, February 3, 2011 - 10:15am | 591• Avery Dennison (NYSE:AVY) reported Q4 EPS of $0.98, missing the Zacks Consensus of $0.97 per share by a penny. Revenues for the quarter rose 8% year-over-year to $1.64 billion, ahead of the Zacks Consensus Estimate of $1.60 billion • Hospira (NYSE:HSP) reported Q4 EPS of $0.77, lower than the...
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Deutsche Bank Maintains Hold on Global Cash Access (GCA)
Thursday, February 3, 2011 - 10:03am | 131Deutsche Bank is out with its report today on Global Cash Access (NYSE: GCA), maintaining Hold and a $3 PT. In a note to clients, Deutsche Bank writes, "Maintain Hold/$3 PT after GCA preannounced 4Q10 and provided preliminary 2011 outlook, both of which missed our/Street's ests, as gaming weakness...
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Goldman Sachs Raises PT on Visa to $85 (V)
Thursday, February 3, 2011 - 9:51am | 143Goldman Sachs is out with its report today on Visa (NYSE: V), raising its price target from $84 to $85 on higher estimates. In its report, Goldman Sachs states, "Following reported FY1Q results, we reiterate our Buy rating on the shares consistent with our view that V is well-positioned to weather...
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J.P. Morgan Remains Neutral On Neustar (NSR)
Thursday, February 3, 2011 - 9:31am | 108J.P. Morgan remained Neutral on Neustar (NYSE: NSR) in a research report published today. J.P. Morgan previously gave Neustar a $28 price target. In the report, J.P. Morgan states, "Neustar results were mixed with lighter FY11 EBITDA guidance than expected. We believe company is digesting the Quova...
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Oppenheimer Maintains Perform on Neustar (NSR)
Thursday, February 3, 2011 - 9:19am | 143Oppenheimer is out with its report today on Neustar (NYSE: NSR), maintaining Perform. In its report sent to clients, Oppenheimer states, "NSR's 4Q GAAP EPS of $0.30 was below our $0.42 estimate largely due to $14.5M of one-time charges. Revenue of $138M was slightly below our $139.6M and the...
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Jefferies Maintains NeuStar Underperform (NSR)
Thursday, February 3, 2011 - 9:13am | 74Jefferies maintained its NeuStar (NYSE: NSR) Underperform rating in a research report published today. Jefferies has previously given NeuStar a $20 price target. In the report, Jefferies states, "Inline Q4 with strong showing from Ultra. While Ultra remains good growth driver, we don't see upside...
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MasterCard Reports Q4 EPS of $3.16 vs. $3.05
Thursday, February 3, 2011 - 9:12am | 83MasterCard Incorporated (NYSE: MA) today announced financial results for the fourth quarter 2010. The company reported net income of $415 million, up 41.2%, and earnings per diluted share of $3.16, up 41.1%, in each case versus the year-ago period. Net revenue for the fourth quarter of 2010 was $1...
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Deutsche Bank Retains Visa $99 PT, Buy Rating (V)
Thursday, February 3, 2011 - 8:56am | 147Deutsche Bank kept its Visa (NYSE: V) Buy rating and retained its $99 price target in a research report published today. In the report, Deutsche Bank states, "After-hrs trading in V indicated $0.02 beat vs. Street is unlikely to turn mkt's focus away from regs for now. We keep Buy as we believe in...
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US Stock Futures Mixed As Investors Await Earnings Reports, Economic Data; Merck Earnings In Focus
Thursday, February 3, 2011 - 7:45am | 438US stock futures are mixed this morning, as investors are awaiting jobless-claims data and earnings report from Merck & Co (NYSE: MRK). Futures on the Dow Jones Industrial Average rose 7 points to 11,992 and S&P 500 futures fell 0.40 point to 1,299.60. Nasdaq 100 futures fell 3.50 to 2,316....
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Earnings Scheduled For February 3 (K, MA, CI, ITT, SUN, CAH, MRK, NYT, DOW, BX, LVS, DO, CSTR, CME, IP, GR, MCO, HOT)
Thursday, February 3, 2011 - 4:28am | 465Kellogg Company (NYSE: K) is expected to report its Q4 earnings at $0.51 per share on revenue of $2.85 billion. MasterCard (NYSE: MA) is projected to report its Q4 EPS at $3.04 on revenue of $1.42 billion. Cigna (NYSE: CI) is projected to report its Q4 EPS at $1.02 on revenue of $5.36 billion. ITT...
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Stocks To Watch For February 3 (MA, V, DOW, YUM, K)
Thursday, February 3, 2011 - 4:19am | 278Some of the stocks that may grab investor focus today are: Wall Street expects MasterCard (NYSE: MA) to report its Q4 EPS at $3.04 on revenue of $1.42 billion. MA shares fell 0.37% to $238.50 in after-hours trading. Visa Inc (NYSE: V) reported a 16% rise in its FQ1 profit. The company's earnings...