Month: November 2012

QCRH: Another Strong Quarter with Improving Asset Quality Trends By Ann Heffron, CFA QCR Holdings, Inc. ( QCRH ) posted third quarter diluted EPS of $0.44, up 83% from the $0.24 EPS reported last year. Compared to the year-ago quarter, third quarter results were boosted by a gain in net interest income from 8% growth in average interest-earning assets and a significantly reduced loan loss provision, partly offset by a moderate drop in noninterest income stemming from higher losses on the sales of OREO, a rise in noninterest expense due to a 7% increase in compensation expense, partly offset by a large drop in loan/lease expense, and a 1.8% increase in the effective tax rate. […]

Sporting products retailer, Big 5 Sporting Goods Corp. ( BGFV ) posted third-quarter 2012 earnings per share of 38 cents, surpassing the Zacks Consensus Estimate of 32 cents. Quarterly earnings also outnumbered the year-ago quarter earnings of 32 cents per share, augmenting 40.7% year over year. […]

Gold mining giant Newmont Mining Corporation ’s ( NEM ) third-quarter 2012 adjusted earnings of 85 cents a share came in well behind last year’s earnings of $1.26 and trailed the Zacks Consensus Estimate of 90 cents. The adjusted earnings exclude one-time items including restructuring expenses. Profit (attributable to Newmont shareholders), as reported, tumbled roughly 26% year over year to $367 million or 74 cents per share from $493 million (or 98 cents per share) in the prior-year quarter. […]

The Bureau of Labor Statistics (BLS) non-farm payroll report this morning — obviously, the last one before next Tuesday's General Election, meaning this particular BLS report takes on additional political weight — was good: 171,000 non-farm payroll jobs were added to the U.S. labor force in October. […]

Oil refiner and marketer Western Refining Inc. ( WNR ) came out with weak third quarter profits due to higher operating expenses and lower refining margins. The company reported earnings per share (excluding special items) of 99 cents, much lower than prior-year quarter earnings of $1.37 […]

Life Technologies Corporation ( LIFE ) reported earnings per share (“EPS”) of 55 cents in the third quarter of fiscal 2012 compared with 52 cents in the year-ago period. However, after taking into account certain one-time items adjusted EPS came in at 92 cents, ahead of the Zacks Consensus Estimate of 89 cents, but was 2 cents below the year-ago quarter’s adjusted EPS. […]

Iconix Brand Group, Inc. ( ICON ) posted third quarter 2012 results with adjusted earnings of 41 cents per share. […]

Enterprise Products Partners L.P. ( EPD ) reported third quarter 2012 adjusted earnings per limited partner unit of 68 cents, which surpassed the Zacks Consensus Estimate of 60 cents and were 23.6% higher than 55 cents a year ago. Transportation of more crude, natural gas and other commodities through its pipelines led to the improvement. […]

AXIS Capital Holdings Limited ( AXS ) reported third quarter 2012 operating earnings of $1.63 per share, substantially beating the Zacks Consensus Estimate by 62 cents and surging ahead of 74 cents earned in the year ago-quarter. Operating income was $201 million in the quarter, soaring nearly 112% over the prior-year quarter. The quarter experienced low level of catastrophe and large loss activity as well as favorable impact of strong equity markets on investment returns with the bottom line being buoyed by share buybacks […]

Acorda Therapeutics Inc. ( ACOR ) reported third quarter earnings (including share-based compensation charges but excluding other special items) of 24 cents per share, below the year-ago earnings of 28 cents but well above the Zacks Consensus Estimate of 12 cents per share. […]

Starbucks Corporation ( SBUX ) reported earnings of 46 cents per share for fiscal fourth quarter 2012, which beat both the Zacks Consensus Estimate of 45 cents as well as company expectations. Starbucks was expecting to post earnings within a range 44 cents to 45 cents in the quarter. Earnings increased 24% year over year due to solid-top line growth and margin expansion. […]

Seagate Technology plc ( STX ) reported fiscal first quarter 2013 earnings per share (EPS) of $1.45, falling way behind the Zacks Consensus Estimate of $1.69. Revenue Seagate reported revenues of $3.73 billion in the first quarter of 2013, up 32.7% from $2.81 billion in the year-ago period. The company’s hard disk drive shipments into the client market took a hit during the quarter and declined 12% sequentially, which is more or less at par with the declines faced by other technology companies. […]