Market Update

Thermo Fisher Bids $6 Billion for Millipore

123jump.com Staff
22 Feb, 2010
New York City

Thermo Fisher Scientific offered $6 billion to acquire Millipore Corp. Millipore surged 22% at close in New York trading.

India Targets 8% Economic Growth

Mayank Mehta
22 Feb, 2010
New York City

India

European Markets Consolidate

Mayank Mehta
22 Feb, 2010
New York City

European market indexes declined after gaining for a week. Lufthansa canceled two thirds of its flights. Banks and the benchmark index in Greece rebounded on central bank governor comments. Drugmakers declined after U.S President proposed fees.

UK Indexes Weak; GlaxoSmithKline Down

Mayank Mehta
22 Feb, 2010
New York City

UK stocks closed lower after a weakness in drugmakers. Miners and banks led the gainers. GlaxoSmithKline Plc dropped 2.6% after two U.S. lawmakers reopened the investigations linked to its Type 2 diabetes treatment drug.

Green Plains, Smith International, Quanta Rise

Mayank Mehta
22 Feb, 2010
New York City

Smith International gained after it agreed to be acquired by Schlumberger for $11 billion. Green Plains Renewable Energy Inc surged after it swung to a quarterly profit. Lowe

Whole Foods Market Q1 Earnings Call Transcript

123jump.com Staff
22 Feb, 2010
New York City

The natural and organic foods supermarket reported quarterly sales rose 7% to $2.6 billion on comparable store sales increase of 3.5% on a two-year stacked basis. Net income surged 79% to $49.7 million in the quarter. Earnings per share soared to 32 cents from 20 cents in the year-ago quarter.

Weak Commodities Drag U.S. Indexes

123jump.com Staff
22 Feb, 2010
New York City

U.S. stocks traded sideways and commodities traded lower. President proposes changes to healthcare plan before a bipartisan meeting on Feb 25. Schlumberger agrees to acquire Smith International for $11 billion.

Knot Q4 Earnings Call Transcript

123jump.com Staff
22 Feb, 2010
New York City

The lifestage media company targeting couples planning their weddings reported net quarterly revenue rose 3% to $25.1 million. Net quarterly loss widened 511.6% to $6.0 million. The company lost 19 cents a share compared to a loss of 3 cents a year-ago quarter.

WellPoint Q4 Earnings Call Transcript

123jump.com Staff
22 Feb, 2010
New York City

The health benefits company reported operating revenue declined 2.4% to $15.1 billion in the quarter. Net quarterly income surged 714.7% to $2.7 billion helped by a gain from the sale of its NextRx subsidiaries. Earnings per share soared to $5.95 from 65 cents a year-ago quarter.

Nikkei in Tokyo Surges 2.7%; Dai-ichi IPO

Darlington Musarurwa
22 Feb, 2010
New York City

The benchmark index in Tokyo surged nearly 3% on the inflation and manufacturing reports in the U.S. Exporters, resource stocks, trading companies and shippers led the gainers. Dai-ichi Mutual Life Insurance filed to raise $12 billion in initial public offering.

Australian Index Rises 1.8%; Challenger Up

Darlington Musarurwa
22 Feb, 2010
New York City

A private report indicated that housing affordability index in Australia dropped 18.4% in December on rising costs and slower building approvals. The benchmark index gained 1.8% on higher commodities prices. Gunns first half profit declined 98.7%. Challenger Financial interim profit increased 9%.

Dell, Inc Q4 Earnings Call Transcript

123jump.com Staff
22 Feb, 2010
New York City

Dell fourth quarter revenue increased 11.2% to $14.9 billion with improvements in all segments fueled by strong sales of laptops and servers. Net income dipped 5% to $334 million and earnings per share came in $0.17 far short of the $0.27 forecast by analysts.

Internet Brands Q4 Earnings Call Transcript

123jump.com Staff
21 Feb, 2010
New York City

The Internet Media Company fourth quarter earnings grew by 21% to $11.8 million due to mix shift and so net income grew 38.7% to $4.3 million. Earnings per share were $0.09 as against $0.07 a year ago. Revenues for 2010 are expected to range from $26 million to $26.6 million.

Peet

123jump.com Staff
20 Feb, 2010
New York City

Peet

Priceline.com Q4 Earnings Call Transcript

123jump.com Staff
20 Feb, 2010
New York City

The online travel company reported revenue soared 33.4% to $541.8 million in the quarter. Net quarterly income surged 130% to $78.5 million. Earnings per share rose to $1.55 compared to 75 cents a year-ago quarter. Revenue increased 24.1% to $2.34 billion for full-year 2009.