Thursday, October 24, 2013

Morning Journal---Thursday Morning humor

News on Stocks in Our Portfolios

T. Rowe Price beats by $0.04, beats on revenues
·                                 T. Rowe Price (TROW): Q3 EPS of $1.00 beats by $0.04.
·                                 Revenue of $884.4M beats by $14.14M.

3M beats by $0.03, beats on revenues
    • 3M (MMM): Q3 EPS of $1.78 beats by $0.03.
    • Revenue of $7.91B (+5.6% Y/Y) beats by $0.06B.
|7:31 AM|
Colgate-Palmolive EPS of $0.73 in-line, misses on revenues
  • Colgate-Palmolive (CL): Q3 EPS of $0.73 in-line.
  • Revenue of $4.39B (+1.5% Y/Y) misses by $0.07B.

Altria beats by $0.01
  • Altria (MO): Q3 EPS of $0.65 beats by $0.01.

     Quality Systems misses by $0.01, misses on revenues
o                                                        Quality Systems (QSII): FQ2 EPS of $0.22 misses by $0.01.
o                                                        Revenue of $111.1M (-4% Y/Y) misses by $2.61M.
|5:52 AM|
AT&T beats by $0.01
·                                 AT&T (T): Q3 EPS of $0.66 beats by $0.01.
·                                 Revenue of $32.15B (+2.2% Y/Y) misses by $0.01B.
 
General Dynamics tops forecasts
o                                                        General Dynamics (GD) tops estimates, even as sales slip from Q3 2012.
o                                                        Operating margins rise 90 bps during the period.
o                                                        Total backlog: $47.9B. Estimated contract value is $27.4B.
Sales growth by segment: Aerospace, +17.2%; Combat Systems, 30%; Marine Systems, +1.6%; Information Systems and Technology, +4.4%.
 |8:29 AM




Economics

   This Week’s Data

            Weekly jobless claims fell 12,000 versus expectations of a 23,000 drop.

   Other

            Draghi’s warning on bank stress tests (medium):

            Japan’s choices (short):

            The second worse decade in 220 years (short):

Politics

  Domestic

Thursday morning humor (9 minute video):

The problem with too much government (short):

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