Stock Market News
UPDATE 8-Police consider manslaughter charges over deadly London tower block blaze
Fri, 23 Jun 2017 22:54:47 GMT
* Police fear death toll could rise above 79 (Adds reaction from resident and PM May over evacuation)
UPDATE 5-Ahead of Modi visit, U.S. sees no threat to Pakistan from arms deal with India
Fri, 23 Jun 2017 22:40:09 GMT
* Unarmed drones would help watch Chinese navy (Adds details from White House briefing)
UPDATE 1-SeaWorld subpoenaed on disclosures about "Blackfish" impact, trading
Fri, 23 Jun 2017 22:32:10 GMT
June 23 (Reuters) - SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities.
UPDATE 4-Brazil officials defend beef after 'system-wide problem' prompts U.S. ban
Fri, 23 Jun 2017 22:26:16 GMT
CHICAGO/BRASILIA, June 23 (Reuters) - Brazilian officials scrambled to shore up their beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failures in the inspection program of the world's largest beef exporter.
Anthem to pay record $115 mln to settle U.S. lawsuits over data breach
Fri, 23 Jun 2017 22:15:54 GMT
June 23 (Reuters) - Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.
AIRSHOW-Europe faces Herculean challenge to develop new fighter jet
Fri, 23 Jun 2017 22:15:54 GMT
* France-German agreement seen as key catalyst (Adds reference to Russian fighter development in 7th paragraph)
EMBARGO-VW ex-manager should stay in Germany - lawyer in Bild
Fri, 23 Jun 2017 22:00:01 GMT
BERLIN, June 24 (Reuters) - A lawyer for one of the former Volkswagen managers sought in the United States in connection with the carmaker's diesel emissions-cheating scandal has advised him not to leave Germany, she told a German daily.
BRIEF-ADM Animal Nutrition recalls Rough-N-Ready cattle feed
Fri, 23 Jun 2017 21:59:15 GMT
* ADM Animal Nutrition - recalls rough-n-ready cattle feed because product contains elevated levels of monensin beyond recommended dosage
SeaWorld subpoenaed on disclosures about "Blackfish" impact
Fri, 23 Jun 2017 21:48:27 GMT
June 23 (Reuters) - SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities.
CORRECTED-AIRSHOW-Europe faces Herculean challenge to develop new fighter jet
Fri, 23 Jun 2017 21:45:42 GMT
PARIS, June 23 (Reuters) - Europe is embarking on an expensive and politically charged effort to develop a new combat jet that will shape the future of the European fighter industry and its three existing programmes - Eurofighter, France's Rafale and Sweden's Gripen.
Nasdaq, S&P 500 Rise But Dow Closes Slightly Lower - U.S. Commentary
Fri, 23 Jun 2017 20:15:38 GMT
After closing mixed for two consecutive sessions, stocks turned in another relatively lackluster performance during trading on Friday. The major averages eventually closed on opposite sides of the unchanged line for the third straight day.
Modest Strength Remains Visible On Wall Street - U.S. Commentary
Fri, 23 Jun 2017 16:00:00 GMT
Stocks continue to see modest strength in mid-day trading on Friday after recovering from an early move to the downside. The Dow and the S&P 500 have moved higher after closing lower for three consecutive sessions.
Stocks Move Modestly Higher After Seeing Initial Weakness - U.S. Commentary
Fri, 23 Jun 2017 14:47:36 GMT
After initially move to the downside, stocks have moved modestly higher over the course of morning trading on Friday. The major averages have all climbed into positive territory after closing mixed for two straight sessions.
BlackBerry tumbles on sales miss as enterprise orders slump
Fri, 23 Jun 2017 12:53:00 GMT
BlackBerry's first-quarter revenue of $244 million missed analysts' expectations.
Stocks May Continue To Move In Opposite Directions - U.S. Commentary
Fri, 23 Jun 2017 12:38:48 GMT
After closing mixed for two consecutive sessions, stocks may once again move in opposite directions in early trading on Friday. The major index futures are currently mixed, as the Dow futures are down by 26 points but the S&P 500 futures are up by 1.25 points.
Commerzbank Sees Negative Net Result In Q2 On Restructuring Charges
Fri, 23 Jun 2017 12:17:43 GMT
German lender Commerzbank AG on Friday forecast a net loss for the second quarter of 2017, citing higher than expected restructuring charges related to the implementation of Commerzbank 4.0 strategy. Despite the higher restructuring charges, Commerzbank added that it does not expect to report a negative net result for financial year 2017.
Burlington Stores Inc. (BURL) Dropped To A 4-Month Low
Fri, 23 Jun 2017 11:33:38 GMT
Burlington Stores Inc. (BURL) declined during the first half of Thursday's session, but settled into a range in the afternoon. The stock closed down by 5.12 at $84.37 on above average volume.
Expedia Inc. (EXPE) Climbed To A New High For The Year
Fri, 23 Jun 2017 11:23:38 GMT
Expedia Inc. (EXPE) rose steadily during the first two hours of trade Thursday, but settled into a range for the remainder of the session. The stock closed up by 2.54 at $152.00.
Sensex Drops 152 Points; Nifty Dips Below 9,600
Fri, 23 Jun 2017 11:23:24 GMT
Indian shares ended Friday's session notably lower, with muted global cues amid oil price concerns and caution ahead of a long weekend weighing on markets. The BSE and NSE will remain closed on Monday on account of Eid.
Street To Open Broadly Lower At Opening
Fri, 23 Jun 2017 11:22:48 GMT
The highlights of economic announcements on Friday are the New Home Sales data and a slew of Fed speeches. The initial trading in the U.S. Futures Index points to a broadly lower opening on Wall Street. Asian shares closed mixed, while European shares are trading in the red.
BlackBerry Announces Share Purchase Program; FY18 Outlook Unchanged
Fri, 23 Jun 2017 11:21:42 GMT
BlackBerry Limited (BBRY, BB.TO) announced it has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid to purchase for cancellation up to 31 million BlackBerry common shares, representing approximately 6.4% of the outstanding public float as at May 31, 2017. Purchases under the NCIB may commence on June 27, 2017 and will terminate on June 26, 2018.
Kamada Ltd. (KMDA) Sank To Nearly A 5-Month Low
Fri, 23 Jun 2017 11:13:38 GMT
Kamada Ltd. (KMDA) announced Thursday morning that it has withdrawn its European Marketing Authorization Application for tis inhaled Alpha-1 Antitrypsin therapy.
Steelcase Inc. (SCS) Dropped To A 7-Month Low After Weak Q1 Report
Fri, 23 Jun 2017 11:03:39 GMT
Steelcase Inc. (SCS) reported first quarter EPS of $0.15 after the close Wednesday, which fell short of the consensus estimate of $0.19. The company expects to report second quarter EPS of $0.21 to $0.25. Street expectations are for EPS of $0.35.
Accenture Plc (ACN) Pulled Back After Q3 Profit Met Expectations
Fri, 23 Jun 2017 10:53:38 GMT
Accenture plc (ACN) reported third quarter adjusted EPS of $1.52 Thursday morning, which was in line with analysts' estimates. Full year 2017 adjusted EPS is expected to be between $5.84 and $5.91. The consensus estimate is for EPS of $5.86.
Oracle Corp. (ORCL) Held Most Of Its Gains After Strong Q4 Report
Fri, 23 Jun 2017 10:43:38 GMT
Oracle Corp. (ORCL) reported fourth quarter EPS of $0.89 after the bell Wednesday, up from $0.81 a year ago. Analysts expected EPS of $0.78.
European Shares Slide As Oil Worries Linger
Fri, 23 Jun 2017 10:31:41 GMT
European stocks fell on Friday as investors digested disappointing private sector growth data and kept a close eye on developments at the EU Summit in Brussels. Oil prices edged up in European trade, but remained on course for a fifth weekly loss.
EnerNOC Inc. (ENOC) Jumped To A 10-Month High After Bought By Enel Group
Fri, 23 Jun 2017 10:30:23 GMT
EnerNOC Inc. (ENOC) announced Thursday morning that it has agreed to be acquired by the Enel Group for $7.67 per share in an all-cash transaction.
FTSE 100 Falls As Pound Strengthens
Fri, 23 Jun 2017 10:04:21 GMT
U.K. shares moved lower on Friday as the pound strengthened and European leaders prepared for the second day of talks at a European Council meeting.
CAC 40 Inches Lower As Investors Monitor Oil Prices
Fri, 23 Jun 2017 09:33:46 GMT
French shares inched lower on Friday as investors monitored oil price movements and remained focused on developments from the EU Summit in Brussels.
DAX Drifts Lower After PMI Data
Fri, 23 Jun 2017 09:18:46 GMT
German stocks moved lower on Friday as investors digested disappointing private sector growth data and kept a close eye on developments at the EU Summit in Brussels.
Asian Shares Mixed As Oil Steadies
Fri, 23 Jun 2017 08:13:19 GMT
Asian stocks ended mixed on Friday as the dollar remained bolstered against the yen and crude oil prices pulled away from ten-month lows. The release of the U.S. Senate's plan to repeal and replace Obamacare evoked muted response as there is opposition to the bill on both sides of the Republican ideological spectrum.
European Shares May See Tepid Opening
Fri, 23 Jun 2017 06:02:21 GMT
European stocks may open slightly lower on Friday as crude oil prices pulled away from ten-month lows and the dollar held little changed ahead of U.S. inflation, housing and revised first-quarter GDP data due next week.
Sensex, Nifty Subdued In Early Trade
Fri, 23 Jun 2017 04:28:41 GMT
Indian shares fell slightly in early trade on Friday, tracking a mixed trend in other Asian markets, as crude oil prices pulled away from ten-month lows and China's banking regulator ordered leading banks to check the "systemic risk" presented by "some large enterprises" that have been on an overseas buying spree.
Asian Markets Flat Amid Cautious Trades
Fri, 23 Jun 2017 03:21:39 GMT
Asian stock markets are moving sideways on Friday following the lackluster cues overnight from Wall Street and the slight gain in crude oil prices off ten-month lows. Mainland Chinese markets are in the limelight following news that Chinese bank regulators are conducting financial reviews of deals by overseas asset buyers.
Sensex, Nifty Set To Open Flat
Fri, 23 Jun 2017 02:47:15 GMT
Indian shares look set to open flat to slightly lower on Friday, with banks likely to be in focus, after lenders have decided to initiate insolvency proceedings against three steel companies - Bhushan Steel, Essar Steel and Electrosteel Steels - at the National Company Law Tribunal.
Japanese Market Lackluster In Early Trade
Fri, 23 Jun 2017 02:33:49 GMT
The Japanese stock market is little changed on Friday following the mixed cues from Wall Street and as crude oil prices advanced overnight from ten-month lows.
Thai Stock Market Likely Stuck In Neutral On Friday
Fri, 23 Jun 2017 02:00:23 GMT
The Thai stock market on Thursday wrote a finish to the two-day slide in which it had given up 4 points or 0.3 percent. The Stock Exchange of Thailand now rests just above the 1,580-point plateau and it is expected to hold steady in that neighborhood again on Friday.
Australian Market Advances
Fri, 23 Jun 2017 01:53:49 GMT
The Australian stock market is advancing on Friday, led by mining stocks, despite the lackluster cues overnight from Wall Street. The slight rebound in crude oil prices off ten-month lows also lifted investor sentiment.
Hong Kong Stock Market May End Losing Streak
Fri, 23 Jun 2017 01:15:23 GMT
The Hong Kong stock market has finished lower in three straight trading days, giving away more than 250 points or 1 percent along the way. The Hang Seng Index now rests just beneath the 25,675-point plateau although it may find traction on Friday.
Little Movement Seen For China Stock Market
Fri, 23 Jun 2017 01:00:23 GMT
The China stock market has alternated between positive and negative finishes through the last nine trading days since the end of the four-day winning streak in which it had advanced almost 70 points or 2.1 percent. The Shanghai Composite Index now rests just above the 3,145-point plateau, and it's expected to see a narrow trading range again on Friday.
Profit Taking Tipped For Taiwan Stock Market
Fri, 23 Jun 2017 00:30:23 GMT
The Taiwan stock market has climbed higher in six straight sessions, surging more than 300 points or 3.1 percent in that span. Now at a fresh 27-year closing high, the Taiwan Stock Exchange now rests just beneath the 10,400-point plateau although the market is overdue for consolidation on Friday.
Steady Start Predicted For Singapore Stock Market
Fri, 23 Jun 2017 00:00:23 GMT
The Singapore stock market on Thursday wrote a finish to the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index now rests just above the 3,215-point plateau and it figures to be rangebound on Friday.
Malaysia Shares Called Rangebound Again On Friday
Thu, 22 Jun 2017 23:30:23 GMT
The Malaysia stock market picked up less than a pair of points on Thursday - but that was enough to end the three-day losing streak in which it had given away more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index remains just above the 1,775-point plateau and it is expected to see a narrow trading range again on Friday.
South Korea Bourse Draws Flat Lead
Thu, 22 Jun 2017 23:00:23 GMT
The South Korea stock market on Thursday ended the two-day slide in which it had fallen more than a dozen points or 0.5 percent. The KOSPI now rests just above the 2,370-point plateau and it figures to hold steady in that range on Friday.
Major Averages Close Mixed For Second Straight Session - U.S. Commentary
Thu, 22 Jun 2017 20:18:48 GMT
Stocks saw modest strength for much of the trading session on Thursday but gave back ground going into the close. The major averages pulled back near the unchanged line, with the Dow and the S&P 500 dipping into negative territory.
Stocks Seeing Modest Strength In Mid-Day Trading - U.S. Commentary
Thu, 22 Jun 2017 16:00:17 GMT
After initially showing a lack of direction, stocks have moved modestly higher over the course of the trading day on Thursday. Buying interest has remained somewhat subdued, however, limiting the upside for the major averages.
Major Averages Near The Unchanged Line In Morning Trading - U.S. Commentary
Thu, 22 Jun 2017 14:49:31 GMT
Stocks are showing a lack of direction in morning trading on Thursday following the mixed performance seen in the previous session. The major averages have spent the morning bouncing back and forth across the unchanged line.
Oracle Corp. (ORCL) Has Leaped To A New High On Strong Q4 Earnings
Thu, 22 Jun 2017 13:36:28 GMT
Oracle Corp. (ORCL) reported fourth quarter EPS of $0.89 after the bell Wednesday, up from $0.81 a year ago. Analysts expected EPS of $0.78.
Barnes & Noble Q4 Loss Narrows Despite Lower Sales = Quick Facts
Thu, 22 Jun 2017 12:47:36 GMT
Barnes & Noble, Inc. (BKS) reported a loss for the fourth quarter that narrowed from last year as a decline in sales was more than offset by lower costs and expenses.
Stocks May Move Modestly Lower In Early Trading - U.S. Commentary
Thu, 22 Jun 2017 12:43:33 GMT
Following the mixed performance seen in the previous session, stocks may see modest weakness in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 11 points.
Hain's accounting review finds no need to restate earnings; shares surge 4%
Thu, 22 Jun 2017 12:21:00 GMT
With the filing of Hain's financial results, the company is now current with all its reporting obligations with the SEC.
Celgene Corp. (CELG) Climbed To A New High For The Year
Thu, 22 Jun 2017 11:30:14 GMT
Celgene Corp. (CELG) traded to the upside for the majority of Wednesday's session and closed higher by 6.61 at $132.83 with volume at over a 7-month high.
Sensex, Nifty Give Up Early Gains
Thu, 22 Jun 2017 11:20:56 GMT
Indian shares gave up early gains to end on a flat note Thursday, tracking weak cues from European markets. While other Asian markets turned in a mixed performance, European stocks fell for a third day, keeping underlying sentiment cautious.
Korn/Ferry International (KFY) Rose To A New High After Q4 Profit Beat
Thu, 22 Jun 2017 11:20:14 GMT
Korn/Ferry International Inc. (KFY) reported fourth quarter EPS of $0.62 after the close Tuesday, up from $0.58 in the prior year period. The consensus estimate was for EPS of $0.59.
CA Inc. (CA) Leaped To A New High On Reports Of Takeover Interest
Thu, 22 Jun 2017 11:10:14 GMT
Reuters reported Wednesday morning that BMC Software has been in contact with banks in an effort to put together an offer to acquire CA Inc. (CA)
Bearish Trends In Crude To Be Reflected On Street Opening
Thu, 22 Jun 2017 11:07:23 GMT
The bearish trend in crude oil prices due to higher oil production is impacting the market sentiments. Initial trading patterns at the U.S. futures are pointing Wall Street to open lower on Thursday. Jobless claims for the week and house price index are the major economic events for the day. Asian shares closed mixed, while European shares are trading mostly lower.
FedEx Corp. (FDX) Rose To A New High After Q4 Profit Surpassed Expectations
Thu, 22 Jun 2017 11:00:15 GMT
FedEx Corp. (FDX) reported fourth quarter EPS of $4.25 after the bell Tuesday, compared to $3.30 last year. The consensus estimate was for EPS of $3.88.
Winnebago Industries Inc. (WGO) Jumped To A 3-Month High On Q3 Results
Thu, 22 Jun 2017 10:50:14 GMT
Winnebago Industries Inc. (WGO) reported third quarter EPS of $0.61, up from $0.53 last year. The results included certain significant items, including amortization expenses of $0.21 per share. Analysts expected EPS of $0.72.
La-Z-Boy Inc. (LZB) Surged To A 5-Month High On Strong Q4 Earnings
Thu, 22 Jun 2017 10:40:14 GMT
La-Z-Boy Inc. (LZB) reported fourth quarter EPS of $0.57 after the close Tuesday, up from $0.45 in the prior year period. Street expectations were for EPS of $0.46.
Red Hat Inc. (RHT) Leaped To A New High After Q1 Profit Topped Expectations
Thu, 22 Jun 2017 10:30:14 GMT
Red Hat Inc. (RHT) reported first quarter EPS of $0.56 after the bell Tuesday, compared to $0.50 last year. The consensus estimate was for EPS of $0.53.
The market misunderstood Oracle, analyst says
Wed, 21 Jun 2017 23:09:00 GMT
The tech company's stock surged in after-hours trading after an earnings report that surpassed Wall Street expectations.
Oracle shares jump as much as 9 percent after earnings top estimates
Wed, 21 Jun 2017 20:15:00 GMT
Oracle's cloud growth helped the company beat analysts' estimates for earnings.
Adobe Systems Inc. (ADBE) Has Broken Out To A New High On Q2 Results
Wed, 21 Jun 2017 13:35:59 GMT
Adobe Systems Inc. (ADBE) reported second quarter EPS of $1.02 after the bell Tuesday, up from $0.71 in the previous year. Analysts expected EPS of $0.95.
Red Hat Inc. (RHT) Has Surged To A New High On Strong Q1 Earnings
Wed, 21 Jun 2017 13:34:19 GMT
Red Hat Inc. (RHT) reported first quarter EPS of $0.56 after the bell Tuesday, compared to $0.50 last year. The consensus estimate was for EPS of $0.53.
TJX Companies Inc. (TJX) Sank To A New Low For The Year
Wed, 21 Jun 2017 11:30:14 GMT
TJX Companies Inc. (TJX) declined throughout the first half of Tuesday's session and slipped further going into the close. Shares finished with a loss of 2.17 at $70.18 on above average volume.
BJ's Restaurants Inc. (BJRI) Fell To Over A 3-Month Low
Wed, 21 Jun 2017 11:20:13 GMT
BJ's Restaurants Inc. (BJRI) declined during the first 2 hours of trade Tuesday and slipped further going into the close. Shares finished with a loss of 2.30 at $37.50.
ONEOK Inc. (OKE) Dropped To A 7-Month Low
Wed, 21 Jun 2017 11:10:13 GMT
ONEOK Inc. (OKE) declined steadily until mid-morning Tuesday, but settled into a range for the rest of the session. The stock finished with a loss of 2.71 at $47.50.3
Ross Stores Inc. (ROST) Tumbled To An 11-Month Low
Wed, 21 Jun 2017 11:00:13 GMT
Ross Stores Inc. (ROST) steadily declined throughout Tuesday's session and closed down by 2.93 at $57.72 on above average volume.
Lennar Corp. (LEN) Climbed On Q2 Results
Wed, 21 Jun 2017 10:50:13 GMT
Lennar Corp. (LEN) reported second quarter EPS of $0.91 Tuesday morning, down from $0.95 last year. Revenues rose 18.5% to $3.26 billion from $2.75 billion last year.
Chipotle Mexican Grill (CMG) Sank After Guidance Update
Wed, 21 Jun 2017 10:40:13 GMT
Chipotle Mexican Grill (CMG) announced after the bell Monday that it expects operating costs as a percentage of sales for the second quarter to be at or slightly higher than reported for the first quarter.
PAREXEL International Corp. (PRXL) Jumped To A New High After Merger
Wed, 21 Jun 2017 10:30:13 GMT
PAREXEL International Corp. (PRXL) announced Tuesday morning that it has agreed to be acquired by Pamplona Capital Management LLP for $88.10 per share in cash, or approximately $5 billion.
FedEx gains 2% after earnings beat
Tue, 20 Jun 2017 20:30:00 GMT
The stock has gained more than 12 percent so far this year, outperforming the Dow Jones Transportation Average.
CAI International Inc. (CAI) Rose To A New High On Q2 Forecast
Tue, 20 Jun 2017 11:31:00 GMT
CAI International Inc. (CAI) announced Monday morning that it has reached an agreement with the lenders of its Third Amended and Restated Revolving Credit Agreement to increase the total loan commitment from $775 million to $960 million.
TripAdvisor Inc. (TRIP) Fell To A New Low Following Downgrade
Tue, 20 Jun 2017 11:21:00 GMT
Credit Suisse downgraded its rating on shares of TripAdvisor Inc. (TRIP) Monday morning to "Underperform" from "Neutral."
PerkinElmer Inc. (PKI) Surged To A New High After Acquisition
Tue, 20 Jun 2017 11:11:00 GMT
PerkinElmer Inc. (PKI) announced Monday morning that it has agreed to acquire EUROIMMUN Medical Laboratory Diagnostics AG for approximately $1.3 billion in cash.
Rice Energy Inc. (RICE) Jumped To A 6-Month High After Bought By EQT
Tue, 20 Jun 2017 11:01:01 GMT
Rice Energy Inc. (RICE) announced Monday morning that it has agreed to be acquired by EQT Corp. (EQT) for approximately $6.7 billion.
Celanese Corp. (CE) Broke Out To A New High On Joint Venture Deal
Tue, 20 Jun 2017 10:51:00 GMT
Celanese Corp. (CE) and funds managed by Blackstone (BX) announced Monday morning that they have agreed to form a joint venture that will create a global acetate tow supplier. Celanese and Blackstone will own 70 percent and 30 percent of the JV, respectively.
Clovis Oncology Inc. (CLVS) Jumped To A New High On Phase 3 Study Results
Tue, 20 Jun 2017 10:41:00 GMT
Clovis Oncology Inc. (CLVS) announced Monday morning that its Phase 3 trial of rucaparib successfully achieved the primary endpoint of improved progression-free survival in patients with ovarian cancer.
Lennar's profit beats as home sales gain steam
Tue, 20 Jun 2017 10:37:00 GMT
Lennar, the No. 2 U.S. homebuilder, reported a higher-than-expected quarterly profit, as it sold more homes at higher prices.
NOVADAQ Technologies Inc. (NVDQ) Surged To An 8-Month High After Merger
Tue, 20 Jun 2017 10:31:00 GMT
NOVADAQ Technologies Inc. (NVDQ) announced Monday morning that it has agreed to be acquired by Stryker Corp. (SYK) for $11.75 per share in cash, approximately $701 million.
Clovis Oncology Inc. (CLVS) Has Soared To A New High On Phase 3 Study Results
Mon, 19 Jun 2017 13:33:59 GMT
Clovis Oncology Inc. (CLVS) announced Monday morning that its Phase 3 trial of rucaparib successfully achieved the primary endpoint of improved progression-free survival in patients with ovarian cancer.
Costco Wholesale Corp. (COST) Hit Hard After Whole Foods Bought By Amazon
Mon, 19 Jun 2017 11:31:10 GMT
A number of grocery retailers were hard hit by Friday's acquisition of Whole Foods Market (WFM) by Amazon (AMZN). Costco Wholesale Corp. (COST) was among the weakest of the group.
Canadian National Railway (CNI) Rose To A New High For The Year
Mon, 19 Jun 2017 11:21:10 GMT
Canadian National Railway (CNI) climbed until mid-morning Friday and took out the session highs going into the close. The stock ended the day with a gain of 2.09 at $81.77.
Kroger sinks 13% on outlook warning; CFO blames deflation and competition
Thu, 15 Jun 2017 13:48:00 GMT
Kroger CFO Mike Schlotman tells CNBC the outlook was hurt in part by "deflation on top of deflation."
Kroger Lowers 2017 Earnings Guidance, Confirms 2017 ID Sales Guidance
Thu, 15 Jun 2017 12:05:46 GMT
The Kroger Co. (KR) lowered its 2017 GAAP net earnings guidance for 53 weeks to $1.74-$1.79 per share. Kroger's adjusted net earnings guidance range is $2.00 to $2.05 per share. This assumes an $80 million LIFO charge compared to the company's original estimate of $25 million. The previous adjusted net earnings guidance range was $2.21 to $2.25 per share. Kroger continues to expect identical supermarket sales growth, excluding fuel, of flat to 1% growth for 2017. Kroger said the company continues to expect capital investments excluding mergers, acquisitions and purchases of leased facilities, to be in the $3.2 to $3.5 billion range for 2017.
H&R Block Inc. (HRB) Has Surged To A New High On Strong Q4 Earnings
Wed, 14 Jun 2017 13:38:01 GMT
H&R Block Inc. (HRB) reported fourth quarter EPS of $3.76 after the bell Tuesday, up from $3.16 in the prior year period. Analysts expected EPS of $3.53.
Deutsche Boerse Issues Mid-term Guidance - Quick Facts
Wed, 14 Jun 2017 09:58:55 GMT
Deutsche Boerse AG (DBOEY.PK, DBOEF.PK) announced, for the mid-term (2016-2019), the company expects net income growth (CAGR) to be 10-15%; and net revenue growth (CAGR)to be 5-10%. In order to achieve scalability of the business model, operating costs will be managed in the 0-5% range, depending on the net revenue performance.
Inditex Q1 Profit Climbs On Strong Net Sales
Wed, 14 Jun 2017 06:55:59 GMT
Spanish fashion retailer Industria de Dise¤o Textil SA or Inditex reported Wednesday higher profit in its first quarter with strong growth in net sales. Regarding the current trading, the company noted that sales in constant currency terms for the period from February 1 to June 3 increased 12 percent.
Harte Hanks Q4 Loss Widens
Fri, 09 Jun 2017 12:18:20 GMT
Harte Hanks Inc. (HHS) Friday announced a wider net loss for the fourth quarter to $72.89 million from $1.115 million a year ago. On a per share basis, loss was $1.18 compared to $0.02 last year.
Saks owner Hudson's Bay to cut 2,000 jobs as loss widens more than expected
Fri, 09 Jun 2017 10:01:00 GMT
Saks Fifth Avenue owner Hudson's Bay said on Thursday it would cut about 2,000 jobs across North America in a major restructuring effort.
Cloudera shares plunge 15% after first quarterly report since IPO
Thu, 08 Jun 2017 22:15:00 GMT
Key industry measures like deferred revenue and billings fell short of Wall Street's projections.
Alibaba Group Holding (BABA) Has Soared To A New High On Revenue Forecast
Thu, 08 Jun 2017 13:40:05 GMT
Alibaba Group Holding (BABA) announced Thursday morning that it expects 45 percent to 49 percent growth in revenues for the current fiscal year.
United Airlines May Traffic, Capacity Rise; Load Factor Declines - Quick Facts
Wed, 07 Jun 2017 12:42:43 GMT
United Airlines (UAL) reported that its May 2017 consolidated traffic increased 2.6 percent from the year-ago period to 18.50 billion revenue passenger miles or RPMs.
Volaris May Demand, Capacity Rise; Load Factor Declines - Quick Facts
Wed, 07 Jun 2017 11:49:49 GMT
Volaris (VLRS), a low-cost airline serving Mexico, the U.S. and Central America, reported May 2017 and year-to-date preliminary traffic results.
Thor Industries Inc. (THO) Is Up Sharply After Strong Q3 Report
Tue, 06 Jun 2017 13:34:18 GMT
Thor Industries Inc. (THO) reported third quarter EPS of $2.11 after the bell Monday, compared to $1.51 in the prior year period. Street expectations were for EPS of $1.88.
SkyWest Block Hours In May Down 5.6% - Quick Facts
Tue, 06 Jun 2017 12:43:06 GMT
SkyWest Inc. (SKYW) reported 155,758 block hours in May 2017, down 9,197 or 5.6 percent from 164,955 block hours in May 2016.
HD Supply Holdings Q1 Profit Up, Signs To Sell Waterworks Unit To Clayton
Tue, 06 Jun 2017 10:39:56 GMT
HD Supply Holdings, Inc. (HDS) Tuesday announced first quarter net profit of $85 million or $0.42 per share compared to loss of $14 million or $0.07 per share last year. On an adjusted basis, earnings were $127 million. Or $0.63 per share.
Cooper Companies Inc. (COO) Has Soared To A New High On Strong Q2 Earnings
Fri, 02 Jun 2017 13:38:42 GMT
Cooper Companies Inc. (COO) reported second quarter non-GAAP EPS of $2.50 after the bell Thursday, up from $2.05 in the previous year. Street expectations were for EPS of $2.25.
Broadcom Ltd. (AVGO) Has Jumped To A New High On Strong Q2 Earnings
Fri, 02 Jun 2017 13:34:19 GMT
Broadcom Ltd. (AVGO) reported second quarter EPS of $3.69 after the bell Thursday, up from $2.53 last year. Analysts expected EPS of $3.50.
Dollar General Updates FY17 Sales Outlook; Q1 Comps. Up 0.7% - Quick Facts
Thu, 01 Jun 2017 11:19:34 GMT
Dollar General Corp. (DG) announced, for fiscal 2017, the company's net sales are forecasted to increase by approximately five to seven percent as compared with the prior guidance range of four to six percent. Same-store sales growth is unchanged from the prior guidance range of slightly positive to an increase of two percent. GAAP EPS is forecasted to remain consistent with the prior guidance range of $4.25 to $4.50.
Johnson Matthey FY Profit Rises; Revenue Up 12% - Quick Facts
Thu, 01 Jun 2017 06:28:28 GMT
Johnson Matthey Plc (JMAT.L) reported profit before tax of 461.6 million pounds for the year ended 31st March 2017 compared to 386.3 million pounds, previous year. Profit to owners of the parent company increased to 386.0 million pounds or 200.8 pence per share compared to 333.1 million pounds or 165.9 pence, prior year. Underlying profit before tax increased to 481.7 million pounds from 418.2 million pounds. Underlying earnings per share was 209.1 pence compared to 178.7 pence.
Uber's financials are improving: it lost $708 million on $3.4 billion in revenue in Q1
Thu, 01 Jun 2017 02:02:00 GMT
Uber reported a loss of $708 million in the first quarter, and finance chief Gautam Gupta is leaving.
Analog Devices Inc. (ADI) Has Surged To A New High On Strong Q2 Results
Wed, 31 May 2017 13:34:07 GMT
Analog Devices Inc. (ADI) reported second quarter EPS of $1.03 Wednesday morning, up from $0.64 in the previous year. Analysts expected EPS of $0.84. Third quarter EPS is expected to be between $1.07 and $1.21. The consensus estimate is for EPS of $1.04.
First Global Data Q1 Profit Surges
Wed, 31 May 2017 07:23:38 GMT
First Global Data Ltd. Wednesday announced a surge in first quarter net income to $418.17 thousand from $97.72 thousand in the prior year.
NEX Group Appoints Samantha Wren To Succeed Stuart Bridges As CFO
Wed, 31 May 2017 06:33:07 GMT
NEX Group plc. (NXG.L) Wednesday named Samantha Wren as group chief financial officer as Stuart Bridges will be leaving the company later in the year. Samantha will join the Board along with Ken Pigaga, global chief operating officer, with immediate effect.
Ryanair FY17 Profit Down; Says Cautiously Guides Profit Growth In FY18
Tue, 30 May 2017 08:16:38 GMT
Shares of Ryanair Holdings Plc were losing around 2 percent in the early morning trading in London after the Irish no-frills airline Tuesday said it is cautiously guiding a profit increase in fiscal 2018 after reporting weak profit in fiscal 2017. The latest year profit was hurt by the absence of prior year's gain, while revenues increased with strong traffic growth.
Ryanair FY17 Profit Rises Excl. Prior Year Gain; Revenue Up 2% - Quick Facts
Tue, 30 May 2017 05:37:05 GMT
Ryanair Holdings plc (RYA.L, RYAAY) reported profit - all attributable to equity holders of parent- of 1.32 billion euros or 104.64 euro cent for the year ended March 31, 2017 compared to 1.56 billion euros or 115.63 euro cent, prior year. Excluding the exceptional accounting gain of 317.5 million euros on the sale of Aer Lingus shareholding in prior fiscal year, fiscal 2017 profit after tax improved 6% year-over-year. Excluding the prior year gain, earnings per share increased 14%.
Potomac Bancshares Sees Q2 Gain Of $0.06 Per Share
Sun, 28 May 2017 03:18:10 GMT
Potomac Bancshares, Inc. (PTBS), the one bank holding company for Bank of Charles Town or BCT, said it expects to realize a second quarter gain, net of tax, of approximately $190,000, from the sale of an equity security. This equates to approximately $0.06 per share.
Deckers Outdoor Corp. (DECK) Is Up Sharply After Surprise Q4 Profit
Fri, 26 May 2017 13:34:47 GMT
Deckers Outdoor Corp. (DECK) reported fourth quarter EPS of $0.11 after the close Thursday, compared to the loss of $0.73 in the prior year. Street expectations were for a loss of $0.06.
Big Lots Q1 Profit Increases, Comps Down 0.9%
Fri, 26 May 2017 10:28:11 GMT
Big Lots Inc. (BIG) Friday announced an increase in first quarter net income to $51.512 million from $38.66 million last year. Earnings per share climbed to $1.15 from $0.79 in the prior year. On an adjusted basis earnings per share were $0.82.
Nutanix soars after revenue tops estimates
Thu, 25 May 2017 21:06:00 GMT
Nutanix rallied as the company's earnings reported showed that businesses are flocking to its cloud technology.
Aerie Pharmaceuticals Inc. (AERI) Has Leaped To A New High On Study Results
Thu, 25 May 2017 13:34:03 GMT
Aerie Pharmaceuticals Inc. (AERI) announced after the close Wednesday that its Phase 3 study of Roclatan achieved its primary efficacy endpoint.
Best Buy Q1 Results Top Estimates; Sees Higher Comps In Q2; Lifts FY18 Forecast
Thu, 25 May 2017 11:49:22 GMT
Best Buy Co., Inc. reported lower profit in its first quarter on the absence of last year's CRT settlement proceeds. However, earnings per share topped market estimates significantly with higher comparable sales. Looking ahead, for the second quarter, the company projects higher comparable sales, and also lifted fiscal 2018 forecast for higher growth.In pre-market, shares were gaining 11.9 percent
Patterson Companies Initiates FY18 Earnings Guidance - Quick Facts
Thu, 25 May 2017 11:27:24 GMT
Patterson Companies, Inc. (PDCO) announced the company established fiscal 2018 earnings guidance from continuing operations, on both a GAAP and non-GAAP adjusted basis. GAAP earnings are expected to be in the range of $1.90 to $2.05 per diluted share. Non-GAAP adjusted earnings are expected to be in the range of $2.25 to $2.40 per share.
B&M European Value Retail Reports 18.4 Increase In Pre-tax Profit
Thu, 25 May 2017 07:16:15 GMT
B&M European Value Retail SA (BME.L) Thursday announced 18.4 percent increase in profit before tax for fiscal 2017 to 182.9 million pounds from 154.5 million pounds in the prior year.
Pets At Home Group FY17 Pre-Tax Profit Increases
Thu, 25 May 2017 06:52:31 GMT
Pet foods and accessories retailer Pets at Home Group Plc (PETS.L) Thursday announced a slight increase in profit before tax to 95.4 million pounds from 92.1 million pounds last year. Pre-exceptional earnings per share were 15.1 pence, up from 14.6 pence a year ago.
Lowe's stock falls on earnings, sales miss
Wed, 24 May 2017 12:30:00 GMT
Lowe's also reaffirms that it expects revenue to increase roughly 5 percent by the end of the year.
Wal-Mart earnings top Street estimates as retailer's digital sales jump 63%
Thu, 18 May 2017 12:52:00 GMT
Wal-Mart reported earnings before the bell Thursday that beat Street estimates, but revenue fell short.
Home Depot earnings, sales top Street estimates as shoppers flock to its stores
Tue, 16 May 2017 20:38:00 GMT
Home Depot reported first-quarter earnings before the bell on Tuesday that topped Street expectations.
Dick's Sporting Goods' stock tumbles on weak sales, tracking for biggest 1-day drop in 3 years
Tue, 16 May 2017 20:37:00 GMT
Dick's reported same-store sales — a metric monitored closely by Wall Street for retail stocks — that missed Wall Street estimates.
TJX shares skid on weaker-than-expected same-store sales
Tue, 16 May 2017 13:01:00 GMT
TJX Cos. on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retail industry.
JC Penney's stock hits all-time low on widening net loss, weaker sales traffic
Fri, 12 May 2017 20:08:00 GMT
The department store operator's net loss widened to $180 million, more than doubling, in the first quarter.
Nordstrom's earnings, revenue top estimates; shares fall on same-store sales miss
Thu, 11 May 2017 21:26:00 GMT
Nordstrom reported better-than-expected earnings on Thursday.
Kohl's profit grows, helped by traffic gains and tight inventories, but sales are still shrinking
Thu, 11 May 2017 20:04:00 GMT
Kohl's posts a 14 percent jump in adjusted quarterly profit, fueled by higher traffic in stores in March and April.
Macy's shares plunge after huge earnings, sales miss; shows recovery a long way off
Thu, 11 May 2017 20:02:00 GMT
At one point, Macy’s shares huge drop took the stock below $26 for the first time more in than 5½ years.
Snap stock tumbles after IPO expenses run up a $2.2 billion loss
Thu, 11 May 2017 11:01:00 GMT
Snap has not made great gains in the markets since its IPO, trading mostly below the high of $29.44 in its first week of trading.
Whole Foods bets on 365 format, cost cuts to revive growth
Wed, 10 May 2017 22:59:00 GMT
Whole Foods management projected the retailer will return to positive comps and earnings growth by fiscal-year end 2018.
Snap's first earnings report shows Facebook's copycat strategy is working
Wed, 10 May 2017 21:52:00 GMT
Snap's first-quarter report fell short on users and revenue as it tries to fend off an assault from Facebook's Instagram.
Whole Foods shares pop on in-line earnings, new board members
Wed, 10 May 2017 20:39:00 GMT
Whole Foods Market posted adjusted earnings of 37 cents per share on $3.74 billion in revenue
Nvidia surges 17% in premarket trading on bullish outlook
Wed, 10 May 2017 17:46:00 GMT
Shares of Nvidia surge thanks to a solid earnings beat and a bullish outlook.
Wendy's says McDonald's fresh beef tests aren't hurting its sales
Wed, 10 May 2017 16:04:00 GMT
It seems McDonald's foray into fresh, never frozen beef hasn't hurt Wendy's.
Mylan edges past profit estimates, backs 2017 forecast
Wed, 10 May 2017 14:21:00 GMT
EpiPen maker Mylan said on Wednesday first-quarter profit more than quadrupled, as the maker of generic drugs benefited from strong demand outside the U.S.
Time Inc slashes dividend, posts another drop in sales
Wed, 10 May 2017 14:16:00 GMT
Time Inc. on Wednesday slashed its dividend in an effort to bolster its balance sheet, and also reported a nearly 8 percent fall in quarterly revenue.
US burger chain Wendy's quarterly profit, sales beat estimates
Wed, 10 May 2017 14:12:00 GMT
U.S. burger chain Wendy's reported a 12 percent drop in profit, hurt by higher labor costs and lower revenue due to fewer company-owned restaurants.
Snap's first earnings report will show how much it's feeling pressure from Facebook
Wed, 10 May 2017 13:34:00 GMT
Snapchat's parent company has done much better at raising money than making profits. Its first earnings report should show impact of Facebook competition.
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