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Commodity Stocks Get Rocked
Tuesday, January 25, 2011 - 11:38am | 353Ever since the Asian nations began to raise interest rates most leading commodity stocks and ETF's have come under severe pressure. Last night India raised their key interest rate by another 25 basis points in effort to curb the high inflation that the country is facing. China has been raising bank...
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Citi Comments On US Steel's Earnings Miss (X)
Tuesday, January 25, 2011 - 11:21am | 209US Steel (NYSE: X) reported 4Q operating EPS of -$1.58 vs Citi's estimate of -$1.20 and the consensus of -$1.12. Reported EPS of -$1.74 included a $0.23/sh forex $0.11 gains on sale. On an operating basis, results generally matched its estimate but EPS downside was driven by true-up income taxes...
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Dahlman Rose Gives Color On Steel Dynamics Earnings Miss
Tuesday, January 25, 2011 - 11:07am | 217Steel Dynamics (NASDAQ: STLD) reported 4Q10 adjusted EPS below Dahlman's and consensus estimates. It expects to see a significant improvement in 1Q11 results as the company realizes the benefit of higher volumes and prices. Adjusted results, which exclude a $0.03 EPS non-cash asset impairment...
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AK Steel Declares Dividend of $.05
Tuesday, January 25, 2011 - 9:45am | 40AK Steel (NYSE: AKS) announced today that its board of directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on March 10, 2011 to shareholders of record on February 11, 2011.
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AK Steel Reports Q4 EPS $(0.49) vs. $(0.62)
Tuesday, January 25, 2011 - 9:31am | 98AK Steel (NYSE: AKS) today reported a net loss of $98.3 million, or $0.89 per diluted share of common stock, for the fourth quarter of 2010, compared to net income of $39.8 million, or $0.36 per diluted share, for the fourth quarter of 2009. The fourth quarter results include a $63.7 million pre-...
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Carpenter Technology Reports Second Quarter Results
Tuesday, January 25, 2011 - 9:02am | 144Carpenter Technology Corporation (NYSE: CRS) today reported net income attributable to Carpenter of $9.3 million or $0.21 per share for the quarter ended December 31, 2010. This compares to net income of $3.5 million or $0.08 per share for the same quarter a year earlier. Second quarter earnings...
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Earnings Scheduled For January 25 (MMM, YHOO, VZ, JNJ, KMB, JNPR, GILD, DD, NSC, COH, AKS, BLK, TRV, ALTR, DV)
Tuesday, January 25, 2011 - 3:51am | 3873M Co (NYSE: MMM) is expected to report its Q4 earnings at $1.27 per share on revenue of $6.62 billion. Yahoo Inc (NASDAQ: YHOO) is projected to report its Q4 EPS at $0.22 on revenue of $1.19 billion. Verizon (NYSE: VZ) is forecast to post its Q4 earnings at $0.55 per share on revenue of $26.47...
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 3:31pm | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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Beaten Down Stocks Get Big Bounces
Monday, January 24, 2011 - 1:04pm | 281Many recently beaten down areas of the market are seeing a positive move today on the back of a slightly weaker Dollar. The markets are floating higher as volume is about as light as imaginable. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $128.96, +0.59 (+0.46%). Rare earth stocks and other...
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Citi Increases PT on US Steel (X)
Monday, January 24, 2011 - 10:04am | 90Citi is out with its Steel update and increases its PT on US Steel (NASDAQ: X). In a note to clients, Citi writes, "We estimate 4Q EPS of -$1.20 on revenues of $4,154 mln and EBITDA of $12 mln vs the consensus of $1.12. Based on our revised steel forecasts, we are raising our 2010 estimate to -$2....
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Steel Dynamics Reports Q4 EPS $.07 vs. $.09
Monday, January 24, 2011 - 8:48am | 42Steel Dynamics, Inc. (Nasdaq: STLD) today announced fourth quarter net income of $8 million, or $0.04 per diluted share, on net sales of $1.5 billion. Excluding impairment charges for the quarter, adjusted earnings per diluted share were $0.07.
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 1:00am | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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Alert: Metal Stocks May Bounce
Thursday, January 20, 2011 - 1:21pm | 226The markets are getting hit again, though beginning to move off their lows of the day. There has been a key move to the upside in United States Steel Corporation (NYSE: X). While an analyst upgraded the price target also a massive support was hit at the lows today. These have triggered a solid...
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China Plummets Again
Thursday, January 20, 2011 - 11:13am | 393Last night the Shanghai Index declined by nearly 3.00 percent again. Since November 8th, 2010 the important Shanghai Index has declined lower by nearly 15.0 percent. The decline comes as the Chinese economy reported a stronger than expected gross domestic product(GDP) of 9.8 percent. The Chinese...
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Company News for January 20, 2011 - Corporate Summary
Thursday, January 20, 2011 - 11:01am | 619• Share prices of tech major IBM (NYSE:IBM) rose by 3.35% after the company posted excellent earnings figure on Tuesday night • Adtran Inc (NASDAQ:ADTN) increased 6.56% to end at $42.25 after the company posted an increased sales figures for the fourth quarter that came in above expectations • ...