4-19-12-Morgan Stanley (NYSE:MS) reported Q1 EPS of $0.71, ex-DVA, vs. estimates of $0.44.The bank reported total net revenues of $8.9 billion, vs. estimates of $7.94 billion.The company reported tier 1 common of 13.2% vs. 13.0% QoQ.The company is set to hold its conference call at 10 AM EST.
4-19-12-DuPont (NYSE:DD) reported Q1 EPS of $1.61, beating estimates by $0.06.Revenues in the quarter rose 11.9% year-over-year to $11.2 billion, inline with estimates.The company reaffirmed its guidance of 2012 EPS of $4.20 – $4.40.
This is what’s in the news for Thursday, April 19, 2012. Prudential Financial, Inc. (NYSE:PRU) today announced it has named two long-time executives to lead the company’s Group Insurance and Annuities businesses. Stephen Pelletier, who is currently President of Prudential Annuities, will become President of the Group Insurance Business, replacing Lori High, who has resigned. Robert O’Donnell, currently Senior Vice President, Head of Product, Investment Management and Marketing for Prudential Annuities, will become President of the Annuities business. Long time TV personality and American Band Stand Host, Dick Clark, died yesterday, April 18th, from a heart attack at age 82. India tests a long range nuclear-capable missile, able to target selected cities in China, hoping to get a foothold in the World’s Nuclear Power Club. And Human Genome Sciences has rejected a bid from long term Glaxo-Smith Kline, worth in the range of 2.6 Billion dollars, claiming it doesn’t reflect the inherent value of their drug services. That’s the top of what’s in the news today, I’m geoffrey parrish, for more updates, stay tuned, to the financial news network.
4-19-12-Verizon (NYSE:VZ) reported Q1 EPS of $0.59, beating estimates by a penny.Revenues in the quarter rose 4.6% year-over-year to $28.2 billion, inline with estimates.SmarTrend currently has Verizon Communications in a Downtrend. Since 2008, SmarTrend subscribers trading Verizon Communications using our alerts outperformed the stock by 39%. We are monitoring these developments and will alert subscribers to any change in trend.
4-19-12-Southwest Airlines (NYSE:LUV) reported a Q1 loss of $0.02, beating estimates by $0.03.Revenues in the quarter came in at $4 billion, up 28.6% year-over-year, which was inline with consensus estimates.The company reported Q1 fuel costs of $3.44 per gallon, which includes $0.12 per gallon unfavorable cash settlements on fuel derivatives.Southwest said Q1 PRASM was up 1.6% and CASM was up 6.2%.SmarTrend alerted subscribers to take profits in Southwest Airlines on March 06, 2012 at $8.66, since then the stock fell 8.9%. We are now watching for any positive developments that could result in a new uptrend signal.
Facebook is apparently prepared to burn through a lot of cash these days as the social networking site has reportedly purchased patents from IBM (NYSE:IBM) recently and may have made a bid for AOL’s (NYSE:AOL) patent portfolio.Facebook’s bid for the portfolio was outmatched by Microsoft’s (NASDAQ:MSFT) $1.06 billion bid, however.Mark Zuckerberg has full control over how the company spends its cash, which was made very apparent by his decision to pull the $1 billion trigger on Instagram.
4-19-12-Splunk (NASDAQ:SPLK) has officially delivered one of the best IPOs of 2012.Shares of the machine data analysis software vendor are currently trading at $32.14, up 89% from an issue price of $17, which was adjusted higher multiple times.The San Francisco-based company raised $229.5 million in its IPO, selling 13.5 million shares at $17 apiece, it said in a statement yesterday.Splunk is the first of what has been dubbed the big data firms to go public, offering software that allows businesses to monitor and analyze data in an effort to improve service, cut operations costs and reduce security risks.
This sixteenth trading week of 2012 comes to a close with investors pushing stocks higher amidst mixed economic data and earnings reports. Hi.
4-19-12-eBay (NASDAQ:EBAY) is making fresh 52-week highs after the company reported Q1 EPS of $0.55, vs. estimates of $0.52.Revenues in the quarter rose 28% YoY to $3.3 billion, beating estimates by $150 million.The company said it now sees annual EPS of $2.30 – $2.35, after having seen EPS of $2.25 – $2.30 and compared to estimates of $2.30.The company sees annual revenues of $13.8 billion – $14.1 billion, vs. estimates of $13.9 billion.The company sees 2Q EPS 53c-55c, est. 54c. eBay sees Q2 revenues of $3.25 billion -3.35 billion, vs. estimates of $3.36 billion.While the company doesn’t forecast much earnings upside over the next 2 years, it sees strong benefits from PayPal’s mobile payments position which will drive shares of the company higher.PayPal expects to handle $7 billion worth of mobile payments in 2012, up from 2011’s $4 billion.
J M Smucker Company (SJM) maintained its quarterly dividend of 48 cents per share. The famous jelly maker will pay its dividend on Friday, June 1, 2012, to shareholders of record at the close of business on Friday, May 11, 2012.
