Morning Market Briefing
South Korea saw a current account surplus of 229 million in January, the Bank of Korea said in a preliminary report on Friday, remaining positive for the 11th straight month but hitting its lowest level in that same span of time. (Feb 25, 2011) Full Article
UK consumer confidence edged up only slightly from January's 22-month low this month as Britons became more downbeat over the prospects for the economy, a closely watched survey showed on Friday.Full Article (Feb 25, 2011)
Specialty pharmaceutical company Warner Chilcott plc (WCRX) Friday reported a profit for the fourth quarter compared to a loss last year. The turnaround reflected higher revenues from acquired products and also sharply lower costs, as the year-ago quarter was weighed down by acquisition related expenses.Full Article (Feb 25, 2011)
Tenet Healthcare Corp. (THC) said Friday fourth-quarter profit surged 252% on greater number of paying outpatient visits, “strong” growth in pricing and a reduction in controllable expenses. Revenues, however, missed estimates. The company also reaffirmed its 2011 financial outlook. (Feb 25, 2011) Full Article
Solar electric power modules manufacturer First Solar Inc. (FSLR) Thursday reported a higher fourth-quarter profit thanks to an increase in module production and a drop in module cost per watt. However, revenues declined on lower module prices. Earnings beat analysts' estimates, but revenues missed. The company also upped its 2011 earnings guidance, and tightened its revenue outlook range. (Feb 25, 2011) Full Article.
Goldcorp Inc. (GG, G.TO) said Thursday fourth-quarter profit went up sharply from the previous year on higher production and lower cash costs on a by-product basis. Both adjusted earnings and revenues topped the market view. (Feb 25, 2011) Full Article.
The US Air Force announced Thursday its selection of Boeing to manufacture its next generation of airborne refueling tankers. The contract to replace 179 of existing tankers is valued at about US$35 billion.Full Article (Feb 25, 2011)
American International Group Inc., or AIG, (AIG) Thursday announced a fourth-quarter profit primarily due to gains on net realized capital and divested businesses. (Feb 25, 2011) Full Article
DreamWorks Animation SKG Inc. (DWA) said Thursday fourth-quarter profit nearly doubled from the same period last year, thanks to a large tax benefit. Revenues increased on sales of consumer products related to the animation movie Megamind. While earnings topped estimates, revenues fell short. (Feb 25, 2011) Full Article