Earnings and Economic NEWS: MFN, GOOG, DOW

Earnings and Economic NEWS: MFN, GOOG, DOW

Minefinders Corp. Ltd. (USA) (Public, AMEX:MFN). Last Market Price: 14.6, Change: +0.56, % Change: (3.99%). Shares trade in the range of 14.03 – 14.92 dollars. It has a market capitalization of 1.18B dollars and has 80.72M outstanding shares. The company has a beta of 0.99, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is -0.14. It operates in Basic Materials sector and belongs to Gold and Silver industry. The company has a 52 week high of $ 17.40 and a 52 week low of $ 8.24. Average volumes of shares traded daily are 442,397.00. Volume traded in the last session was at 833,403.00, 1.89 times the average volume. Co issues upside guidance for Q2 (Jun), sees Q2 (Jun) revs of $73.1 mln vs. $57.35 mln Capital IQ Consensus Estimate. Additionally, co reports Q2 Gold ounces produced was 19,571; Silver ounces produced was 1,004,739. The calculation of operating and total cash costs for the second quarter 2011 has not yet been completed. This information will be included with the results to be released on August 3.

Google Inc. (Public, NASDAQ:GOOG). Last Market Price: 534.01, Change: +6.73, % Change: (1.28%). Shares trade in the range of 526.00 – 539.42 dollars. It has a market capitalization of 172.09B dollars and has 322.25M outstanding shares. The company has a beta of 1.16, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 25.75; P/E of 20.74. It operates in Technology sector and belongs to Computer Services industry. The company has a 52 week high of $ 642.96 and a 52 week low of $ 447.65. Average volumes of shares traded daily are 2.84M. Volume traded in the last session was at 2.84M, 1.00 times the average volume. Stifel believes the success of Google Plus is a big deal for Google shareholders. The beta launch of Google’s social sharing platform, Google Plus (G+), now counts usersin the millions, even with invitations to the platform scarce. Firm believes Google’s social media effort, spearheaded by G+, will be more impactful for Google shareholders than the company’s 2Q11 results, to be released this Thursday.

The Dow Chemical Company (Public, NYSE:DOW). Last Market Price: 34.05, Change: -1.03, % Change: (-2.94%). Shares trade in the range of 33.66 – 34.56 dollars. It has a market capitalization of 39.95B dollars and has 1.17B outstanding shares. The company has a beta of 2.27, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 1.85; P/E of 18.4. It operates in Basic Materials sector and belongs to Chemicals – Plastics and Rubber industry. The company has a 52 week high of $ 42.23 and a 52 week low of $ 22.55. Average volumes of shares traded daily are 9.06M. Volume traded in the last session was at 20.23M, 2.24 times the average volume. Dahlman Rose has lowered their 2Q EPS est to $0.74 (prior $0.87, consensus: $0.81) to reflect lower volumes and near term margin compression. For 2011 and 2012, they have lowered their EPS est to $2.86 (prior $3.01) and $3.37 (prior $3.53), respectively (con: $2.92 and $3.55).

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Posted by Greg Canale on Jul 13 2011. Filed under Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry