July 28, 2011Canadian Pacific Railway Limited’s (NYSE:CP) adjusted earnings per share of 75 Canadian cents (77 cents) per share in the second quarter of 2011 were in line with the Zacks Consensus Estimate. However, adjusted earnings of the second-largest Canadian railway plunged 23.5% from 98 Canadian cents per share in the year-ago quarter. Earnings were adversely affected [...]
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July 27, 2011Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 second quarter funds from operations (FFO) of $99.9 million or $1.13 per share, compared with $87.8 million or $1.04 in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding [...]
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July 26, 2011Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported second quarter 2011 FFO (funds from operations) of $583.0 million or $1.65 per share, compared to $487.7 million or $1.38 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation [...]
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July 25, 2011Oilfield services company National Oilwell Varco (NYSE:NOV) reported better-than-expected second quarter results, helped by robust drilling and pressure pumping activity throughout North America, as well as good project execution skills and manufacturing efficiency. Earnings per share (excluding transaction charges) came in at $1.14, comfortably above the Zacks Consensus Estimate of $1.01 and the year-ago adjusted [...]
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July 25, 2011The EURUSD is testing the key resistance against the 61.8% of the move down from the May 2011 high. The level comes in at the 1.4519 level. THe high has reached 1.4524. The move above the key technical level should solicit momentum buyers. IF the price move fails, the price trend should reverse on the [...]
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