Stock Market News
UPDATE 1-Japan's Abe cautions against Brexit regulation cliff edge
Sat, 29 Apr 2017 11:43:45 +0100
* Japanese companies are major investors in the UK (Adds quotes and detail)
Japan's Abe says Brexit regulation whiplash would be a concern for business
Sat, 29 Apr 2017 10:40:43 +0100
LONDON, April 29 (Reuters) - Japanese Prime Minister Shinzo Abe said that if the United Kingdom left the European Union with an abrupt change of rules for businesses then it could cause confusion for international firms.
Zalando ponders opening stores in major cities -Manager Magazin
Sat, 29 Apr 2017 09:50:50 +0100
BERLIN, April 29 (Reuters) - Online fashion retailer Zalando is pondering opening stores in major cities such as London, Paris or Berlin, the company's co-chief executive told Germany's Manager Magazin.
Google gets Australian tax office demand to pay more, says to fight it
Sat, 29 Apr 2017 07:40:54 +0100
SYDNEY, April 29 (Reuters) - Alphabet Inc's Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes.
Amazon's moves beyond retail get Wall Street thumbs up, for now
Sat, 29 Apr 2017 02:47:37 +0100
SAN FRANCISCO, April 28 (Reuters) - Amazon.com Inc's ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus.
CORRECTED-BRIEF-American Savings Bank reports Q1 net income of $15.8 mln
Sat, 29 Apr 2017 02:36:06 +0100
* American Savings Bank net income of $15.8 million for Q1 of 2017 compared to $12.7 million in Q1 of 2016
BRIEF-MX gold says it paid additional $425,000 to American Metal Mining
Sat, 29 Apr 2017 02:24:42 +0100
* MX Gold Corp. Continues to earn interest in durango smelter project in Mexico
BRIEF-Hometown Bankshares reports Q1 earnings per share $0.13
Sat, 29 Apr 2017 02:18:04 +0100
* Hometown bankshares corporation reports continued, strong market share growth for first quarter
BRIEF-Rooster Energy reports Q4 loss per share $0.21
Sat, 29 Apr 2017 02:17:40 +0100
* Qtrly utilization at well services segment averaged 19% in Q4 2016, compared to 30% in Q4 2015
BRIEF-Pyrogenesis Canada says Q4 revenue fell 33 pct to $1.48 mln
Sat, 29 Apr 2017 02:17:02 +0100
* Pyrogenesis announces 2016 results: revenues decrease 16%; gross margins (before non-cash items) increase to 41%; ebitda (adjusted.) improves 33% year over year; current backlog $9.9mm
Major Averages Close Lower On The Day But Higher For The Week - U.S. Commentary
Fri, 28 Apr 2017 21:15:28 +0100
Stocks turned in a relatively lackluster performance during trading on Friday before ending the session modestly lower. The tech-heavy Nasdaq reached a new record intraday high in early trading but pulled back into negative territory.
Stocks Seeing Modest Weakness In Mid-Day Trading - U.S. Commentary
Fri, 28 Apr 2017 16:53:15 +0100
After showing a lack of direction earlier in the session, stocks have moved modestly lower over the course of the trading day on Friday. The tech-heavy Nasdaq has pulled back into negative territory after hitting a record intraday high.
Major Averages Showing Modest Moves In Morning Trading - U.S. Commentary
Fri, 28 Apr 2017 15:47:15 +0100
Stocks are showing a lack of direction in morning trading on Friday, extending the lackluster performance seen over the two previous sessions. The tech-heavy Nasdaq has pulled back near the unchanged line after initially jumping to a new record intraday high.
Chevron shares jump about 2% on strong earnings beat
Fri, 28 Apr 2017 13:54:00 +0100
Chevron earned an adjusted $1.23 per share in the first quarter versus expectations for EPS of 86 cents.
Futures Pointing To Roughly Flat Open On Wall Street - U.S. Commentary
Fri, 28 Apr 2017 13:53:17 +0100
Stocks may show a lack of direction in early trading on Friday as traders digest comments from President Donald Trump and U.S. economic data. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 20 points.
Electrolux Stock Up On Higher Q1 Results
Fri, 28 Apr 2017 13:47:17 +0100
Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter. President and CEO Jonas Samuelson said, "We will continue to drive profitable growth by creating best-in-class consumer experiences which are supported by innovation and operational excellence."
Franklin Resources Q2 Profit Up 17%; Results Beat View - Quick Facts
Fri, 28 Apr 2017 13:44:06 +0100
Franklin Resources, Inc. (BEN) reported a 17 percent increase in profit for the second quarter from last year despite a slight decline in revenues. However, results for the quarter beat analysts ' estimates.
GM Q1 Results Climb, Top Estimates; Backs FY17 Adj. EPS View
Fri, 28 Apr 2017 13:31:12 +0100
Automaker General Motors Co. reported Friday significantly higher profit in its first-quarter with strong growth in automotive and financial sales and higher volume. Earnings per share and revenues topped market estimates. Further, the company backed its fiscal 2017 adjusted earnings view. In pre-market activity on the NYSE, GM shares were gaining 1.94 percent.
Royal Caribbean Lifts FY17 Outlook; Board Approves $500 Mln Share Buyback
Fri, 28 Apr 2017 13:29:10 +0100
While reporting its first-quarter financial results today, Royal Caribbean Cruises Ltd. (RCL) raised its earnings outlook for fiscal 2017.
Exxon Mobil beats earnings expectations as profits more than double from last year
Fri, 28 Apr 2017 13:29:00 +0100
Exxon Mobil posted profits of 95 a share in the first quarter, compared with analysts' EPS estimates for 85 cents.
Exxon Mobil Q1 Profit Beats Estimates; Upstream Volumes Down 4%
Fri, 28 Apr 2017 13:25:36 +0100
Exxon Mobil Corp. (XOM) reported estimated first-quarter net income to company of $4.01 billion, or $0.95 per share, compared with $1.81 billion or $0.43, a year earlier, resulting from improvements in commodity prices, cost management and refining operations. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.
GM earnings top Street estimates by a wide margin, with strong net income
Fri, 28 Apr 2017 13:11:00 +0100
General Motors' profits rose, fueled by strong pickup truck and SUV sales in the U.S.
Public Service Enterprise Group Q1 Profit Falls
Fri, 28 Apr 2017 13:04:14 +0100
Public Service Enterprise Group (PEG) Friday reported a sharp fall in first quarter profit to $114 million or $0.22 per share from $471 million or $0.93 per share a year ago. On an adjusted basis, earnings were $466 million or $0.92 per share. The company noted that accelerated depreciation associated with the early retirement of the Hudson and Mercer coal-gas generating stations and a reserve for the impairment of leveraged leases had an impact on the results.
F5 Networks Inc. (FFIV) Dropped To A 6-Month Low After Q2 Miss
Fri, 28 Apr 2017 12:40:24 +0100
F5 Networks Inc. (FFIV) reported second quarter EPS of $1.95 after the bell Wednesday, up from $1.68 in the previous year. Analysts expected EPS of $1.97.
Synchronoss Technologies (SNCR) Plunged To A New Low After Management Changes
Fri, 28 Apr 2017 12:30:24 +0100
Synchronoss Technologies (SNCR) announced Thursday morning that its founder and Chairman of the Board of Directors, Stephen Waldis, will become CEO, effective immediately. He replaces Ronald Hovsepian, who will be leaving to pursue other interests.
Street Might Open Moderately Higher
Fri, 28 Apr 2017 12:25:00 +0100
Amid political uncertainties around North Korea, the market is eagerly waiting for the latest developments. First quarter GDP details to be published this morning is a key focus for the day, with consensus for a growth. Insights from early trading in U.S. future index point to a higher opening on Wall Street. Asian shares closed mixed, while European shares are trading without a proper direction.
Teradyne Inc. (TER) Soared To A New High On Better Than Expected Q1 Earnings
Fri, 28 Apr 2017 12:20:24 +0100
Teradyne Inc. (TER) reported first quarter EPS of $0.44 after the close Wednesday, up from $0.31 last year. Street expectations were for EPS of $0.38.
Sensex Drops 111 Points Ahead Of Long Weekend; Nifty Ends At 9304
Fri, 28 Apr 2017 12:18:41 +0100
Indian shares fell modestly on Friday as investors continued to book profits in recent outperformers ahead of a long weekend and next week's FOMC meeting, although no change in rates is expected at the meeting. The local markets will be closed on Monday for a public holiday.
PayPal Holdings Inc. (PYPL) Leaped To A New High After Q1 Profit Beat
Fri, 28 Apr 2017 12:10:23 +0100
PayPal Holdings Inc. (PYPL) reported first quarter EPS of $0.44 after the bell Wednesday, up from $0.37 last year. Analysts expected EPS of $0.41. The company expects to report second quarter EPS of $0.41 to $0.43 and full year 2017 EPS of $1.74 to $1.79. The consensus estimates are for EPS of $0.42 and $1.72.
Rogers Corp. (ROG) Jumped To A New High On Strong Q1 Earnings
Fri, 28 Apr 2017 12:00:24 +0100
Rogers Corp. (ROG) reported first quarter EPS of $1.68 after the bell Wednesday, up from $0.94 a year ago. The consensus estimate was for EPS of $1.15.
LendingTree Inc. (TREE) Climbed To A New High On Q1 Results
Fri, 28 Apr 2017 11:50:23 +0100
LendingTree Inc. (TREE) reported first quarter EPS of $0.85 Thursday morning, up from $0.67 a year ago.
West Pharmaceutical Services (WST) Surged To A New High After Q1 Profit Beat
Fri, 28 Apr 2017 11:40:23 +0100
West Pharmaceutical Services (WST) reported first quarter EPS of $0.81 Thursday morning, which included a tax benefit of $0.21. The consensus estimate was for EPS of $0.55.
Chemed Corp. (CHE) Broke Out To A New High Following Q1 Report
Fri, 28 Apr 2017 11:30:24 +0100
Chemed Corp. (CHE) reported first quarter EPS of $1.78 after the close Wednesday, up from $1.45 in the previous year. The company expects to report full year 2017 EPS of $7.80 to $8.00.
European Shares Mixed Amid Earnings Deluge
Fri, 28 Apr 2017 10:50:48 +0100
European stocks were mixed on Friday as U.S. President Donald Trump warned of a major conflict with North Korea and investors digested a raft of corporate earnings reports.
Portland General Electric Q1 Profit Increases, Reaffirms FY17 Profit View
Fri, 28 Apr 2017 10:27:10 +0100
Portland General Electric Co. (POR) Friday reported first quarter net income of $73 million or $0.82 per share, an increase from $61 million or $0.68 per share a year ago. Comprehensive income for the quarter was $72 million.
Asian Shares Mixed On North Korea Jitters
Fri, 28 Apr 2017 09:36:26 +0100
Asian stocks ended on a cautious note on Friday, with a mixed bag of U.S. earnings and U.S. President Donald Trump's warning of a "major, major conflict" between the U.S. and North Korea weighing on markets.
Sanofi Stock Up As Q1 Profit Surges On Merial Disposal; Backs FY17 View
Fri, 28 Apr 2017 09:12:49 +0100
Shares of Sanofi SA were gaining around 2 percent in the early morning trading in Paris after the French drug giant reported significantly higher profit in its first quarter, benefited by 4.4 billion euros gains from the disposal of its Merial animal healthcare unit and higher sales. For fiscal 2017, Sanofi said it continues to expect Business earnings per share to be stable to negative 3 percent.
UBS Stock Up On Higher Q1 Profit; Net Interest Income Edges Down
Fri, 28 Apr 2017 08:23:23 +0100
Shares of UBS Group AG were gaining around 4 percent in the early morning trading after the Swiss banking giant reported Friday significantly higher profit in its first quarter, despite weakness in net interest income. The company also proposed a dividend. Looking ahead, UBS said it is well positioned to mitigate various market challenges...
European Shares Seen Lower After Trump Comments
Fri, 28 Apr 2017 07:02:11 +0100
European stocks are poised to open lower on Friday after U.S. President Donald Trump warned about a "major, major conflict" between the U.S. and North Korea.
Sensex Dips Below 30000; Nifty Down 37 Points
Fri, 28 Apr 2017 05:34:29 +0100
Indian shares fell on Friday as Biocon posted disappointing financial results for the fourth quarter and geopolitical worries intensified after U.S. President Donald Trump warned about a "major, major conflict" between the U.S. and North Korea.
Sensex, Nifty To See Lackluster Start As Biocon Disappoints
Fri, 28 Apr 2017 04:08:16 +0100
Indian shares look set to open on a flat note on Friday after biotechnology major Biocon reported fourth-quarter profit that missed estimates.
Asian Markets Mixed Amid Cautious Trades
Fri, 28 Apr 2017 04:07:52 +0100
Asian stock markets are mixed on Friday, tracking the modest gains overnight on Wall Street and lower crude oil prices. Geopolitical concerns also weighed on investor sentiment after U.S. President Donald Trump warned that conflict with North Korea was possible, but would prefer a diplomatic solution.
Flat Lead Tipped For Thai Stock Market
Fri, 28 Apr 2017 03:30:23 +0100
The Thai stock market headed south again on Thursday, one session after it had ended the two-day slide in which it had fallen almost 8 points or 0.5 percent. The Stock Exchange of Thailand remains just above the 1,565-point plateau and it is expected to see another narrow trading range again on Friday.
Japanese Market Declines
Fri, 28 Apr 2017 03:17:45 +0100
The Japanese stock market is declining for a second straight day on Friday, following the modest gains overnight on Wall Street and a stronger yen. Investors also digested a raft of local economic data, including weak industrial output data.
Indonesia Market May Test Support At 5,700 Points
Fri, 28 Apr 2017 03:00:23 +0100
The Indonesia stock market on Thursday ended the three-day winning streak in which it had gathered more than 130 points or 2.4 percent. The Jakarta Composite Index now rests just above the 5,705-point plateau and the market figures to be rangebound on Friday.
Australian Market Modestly Lower
Fri, 28 Apr 2017 02:23:44 +0100
The Australian stock market is modestly lower on Friday, tracking the modest gains overnight on Wall Street, the fall in crude oil prices and the European Central Bank's decision to hold interest rates.
Hong Kong Bourse Due For Profit Taking
Fri, 28 Apr 2017 02:15:23 +0100
The Hong Kong stock market has climbed higher in four straight sessions, advancing more than 650 points or 2.7 percent along the way. The Hang Seng Index now rests just beneath the 24,700-point plateau although the market may run out of steam on Friday.
China Stock Market May Run Out Of Steam
Fri, 28 Apr 2017 02:00:23 +0100
The China stock market has finished higher in three straight trading days, adding almost 25 points or 0.7 percent along the way. The Shanghai Composite Index now rests just above the 3,150-point plateau although the rally may stall on Friday.
Tech Shares May Lift Taiwan Stock Market
Fri, 28 Apr 2017 01:30:23 +0100
The win streak has hit five sessions now for the Taiwan stock market, which has climbed more than 230 points or 2.3 percent along the way. The Taiwan Stock Exchange now rests just above the 9,860-point plateau and the market may inch higher again on Friday.
Narrow Trading Range Called For Singapore Shares
Fri, 28 Apr 2017 01:00:23 +0100
The Singapore stock market gave up just a pair of points on Thursday, but that was enough to end the five-day winning streak in which it had gained more than 45 points or 1.5 percent. The Straits Times Index now rests just above the 3,170-point plateau and the market figures to be rangebound again on Friday.
Malaysia Market Called Rangebound On Friday
Fri, 28 Apr 2017 00:30:23 +0100
The Malaysia stock Market on Thursday snapped the four-day winning streak in which it had advanced almost 30 points or 1.8 percent. The Kuala Lumpur Composite Index remains just beneath the 1,770-point plateau and it figures to hold steady in that neighborhood again on Friday.
South Korea Bourse Overdue For Correction
Fri, 28 Apr 2017 00:00:23 +0100
The win streak has hit six sessions for the South Korea stock market, which has advanced more than 70 points or 3.5 percent along the way. Now at a fresh six-year high, the KOSPI rests just beneath the 2,210-point plateau, although investors may cash in on Friday.
Google-parent Alphabet's earnings smash estimates
Thu, 27 Apr 2017 23:51:00 +0100
Alphabet, the public holding company of Google, makes most of its money from advertising.
Microsoft dips after revenue misses expectations
Thu, 27 Apr 2017 23:50:00 +0100
The company reported that revenue from its "more personal computing" segment, which includes Surface, badly missed estimates.
Intel shares fall 3% after missing expectations for key segment
Thu, 27 Apr 2017 22:39:00 +0100
Intel is expected to report first-quarter earnings after the bell Thursday.
Amazon Q1 Profit Tops Estimates; Sales Up 23% - Quick Facts
Thu, 27 Apr 2017 22:02:00 +0100
Amazon.com, Inc. (AMZN) reported net income of $724 million in the first quarter, or $1.48 per diluted share, compared with net income of $513 million, or $1.07 per diluted share, in first quarter 2016. On average, 38 analysts polled by Thomson Reuters expected the company to report profit per share of $1.12 for the quarter. Analysts' estimates typically exclude special items. Operating income decreased 6% to $1.0 billion in the first quarter, compared with operating income of $1.1 billion in first quarter 2016.
Google Parent Alphabet Q1 Profit Rises - Update
Thu, 27 Apr 2017 21:26:06 +0100
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising.
Starbucks shares fall 4 percent after US sales fail to gain traction
Thu, 27 Apr 2017 21:22:00 +0100
For the second quarter in a row, Starbucks' same-store sales failed to meet Wall Street expectations, sending shares down more than 4 percent in aftermarket trading Thursday.
Stocks Manage To Close Mostly Higher, Nasdaq Sets Record High - U.S. Commentary
Thu, 27 Apr 2017 21:16:18 +0100
Stocks turned in a relatively lackluster performance during trading on Thursday but managed to end the day mostly higher. With the upward move on the day, the tech-heavy Nasdaq reached a new record closing high.
Comcast earnings blow past estimates, driven by film business success
Thu, 27 Apr 2017 21:14:00 +0100
Comcast says its earnings climbed by more than 23 percent, driven by growth in cable.
Under Armour shares surge 10% on smaller-than-expected loss
Thu, 27 Apr 2017 21:05:00 +0100
Although Under Armour posted its first-ever loss, it was not nearly as bad as some had feared, sending shares up sharply.
Southwest Airlines profit misses estimates as expenses swell
Thu, 27 Apr 2017 20:58:00 +0100
Southwest Airlines reported a lower-than-expected quarterly profit, hit by higher expenses and a decline in average fares.
Amazon surges on big earnings and sales beat
Thu, 27 Apr 2017 20:53:00 +0100
Amazon reported first-quarter sales and profit that exceeded analysts' estimates.
Stocks Turning In Mixed Performance In Mid-Day Trading - U.S. Commentary
Thu, 27 Apr 2017 17:00:35 +0100
After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Thursday. Despite the choppy trading, the tech-heavy Nasdaq managed to reach a new record intraday high earlier in the session.
UPS earnings beat Street estimates
Thu, 27 Apr 2017 15:53:00 +0100
The delivery company says all segments contributed to a strong top line.
Nasdaq Reaches New Record High Despite Choppy Trading - U.S. Commentary
Thu, 27 Apr 2017 15:43:49 +0100
Stocks are turning in a relatively lackluster performance in morning trading on Thursday after ending the previous session modestly lower. Despite the choppy trading, the tech-heavy Nasdaq reached a new record intraday high.
Stocks May Move Back To The Upside In Early Trading - U.S. Commentary
Thu, 27 Apr 2017 13:52:47 +0100
After ending the previous session modestly lower, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 37 points.
Meridian Bioscience Q2 Results Beat View; Reiterates FY17 Outlook
Thu, 27 Apr 2017 13:48:18 +0100
Meridian Bioscience Inc. (VIVO) reported a 2 percent increase in profit for the second quarter from last year on higher revenues.
Marcus Q1 Profit Rises, Results Beat View - Quick Facts
Thu, 27 Apr 2017 13:35:09 +0100
Marcus Corp. (MCS) reported an increase in profit for the first quarter from last year on higher revenues. Results for the quarter beat analysts' estimates.
Ford beats Street estimates, but profit dinged by recall costs
Thu, 27 Apr 2017 13:35:00 +0100
Ford earnings and revenues beat analyst expectations on Thursday.
CTS Q1 Profit Up, Reaffirms FY17 Result Outlook
Thu, 27 Apr 2017 13:30:11 +0100
CTS Corp. (CTS) Thursday reported an increase in first quarter net earnings to $8.48 million from $7.86 million last year. On a per share basis, earnings climbed to $0.25 from $0.24 a year ago. Adjusted earnings per share for the quarter was $0.26.
Emcor Group Q1 Results Beat View; Raises Low End Of FY17 Earnings Outlook Range
Thu, 27 Apr 2017 13:17:58 +0100
Emcor Group, Inc. (EME) reported an increase in profit for the first quarter from last year on higher revenues. Results for the quarter beat analysts' estimates.
Piper Jaffray Q1 Profit Surges
Thu, 27 Apr 2017 13:14:37 +0100
Piper Jaffray Co. (PJC) Thursday reported a surge in first quarter net income to $20.275 million from $2.437 million a year ago. On a per share basis, earings climbed to $1.31 from $0.16 last year. On an adjusted basis, earnings were $27.481 million or $1.77 per share.
American Airlines Q1 Profit Drops; But Results Beat Estimates
Thu, 27 Apr 2017 13:10:20 +0100
American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
Old Dominion Freight Q1 Profit Rises, Results Beat View - Quick Facts
Thu, 27 Apr 2017 13:02:30 +0100
Old Dominion Freight Line Inc. (ODFL) reported a 9.1 percent increase in profit for the first quarter from last year on higher revenues. The results for the quarter beat analysts' estimates.
Ford Motor Q1 Results Top Estimates; Backs FY17 Profit View
Thu, 27 Apr 2017 12:43:38 +0100
Automotive major Ford Motor Co. reported Thursday lower profit in its first quarter, while revenues increased from last year. Adjusted earnings per share and revenues topped market estimates. Looking ahead, for fiscal 2017, Ford continues to expect total company adjusted pre-tax profit to be about $9 billion..
Cree Inc. (CREE) Sank To Over A 5-Month Low After Q3 Miss
Thu, 27 Apr 2017 12:40:22 +0100
Cree Inc. (CREE) reported third quarter EPS of $0.01 after the bell Tuesday, down from $0.17 in the prior year. The consensus estimate was for EPS of $0.04.
MarineMax Q2 Profit Misses View, But Revenues Beat; Backs FY17 Outlook
Thu, 27 Apr 2017 12:35:42 +0100
Recreational boat and yacht retailer MarineMax Inc. (HZO) reported an increase in profit for the second quarter from last year on double-digit revenue growth.
United States Steel (X) Dropped To Over A 5-Month Low After Q1 Loss
Thu, 27 Apr 2017 12:31:07 +0100
United States Steel (X) reported a first quarter loss of $0.83 after the close Tuesday, compared to the loss of $2.15 in the prior year. Street expectations were for a profit of $0.32.
Penn National Gaming Q1 Profit Falls, Lifts FY17 Earnings View
Thu, 27 Apr 2017 12:30:42 +0100
Penn National Gaming Inc. (PENN) Thursday announced a sharp fall in first quarter net income to $5.104 million from $23.71 million a year ago. On a per share basis, earnings plunged to $0.06 from $0.26 a year ago. The company recorded a one time loss on early extinguishment of debt of $23.39 million in the quarter.
AEP Q1 Results Miss View; Reiterates FY17 Operating Earnings Outlook
Thu, 27 Apr 2017 12:22:16 +0100
American Electric Power Co. Inc. (AEP) on Thursday reported an increase in profit for the first quarter from last year, reflecting a one-time gain that helped offset a slight decline in revenue.
Sensex, Nifty Succumb To Profit Taking
Thu, 27 Apr 2017 12:21:02 +0100
Indian shares fell slightly on Thursday amid profit taking in recent outperformers on the eve of derivatives expiry.
Total System Services (TSS) Broke Out To A New High On Strong Q1 Earnings
Thu, 27 Apr 2017 12:20:22 +0100
Total System Services (TSS) reported first quarter EPS of $0.82 after the bell Tuesday, up from $0.66 last year. The consensus estimate was for EPS of $0.77.
Akebia Therapeutics Inc. (AKBA) Set A New High After Expanded License Agreement
Thu, 27 Apr 2017 12:10:22 +0100
Akebia Therapeutics Inc. (AKBA) announced after the bell Tuesday that it has agreed to expanded its collaboration for vadadustat with Otsuka Pharmaceutical Co. by entering into a collaboration and license agreement for Europe, China and other territories.
Avnet Q3 Earnings Surge
Thu, 27 Apr 2017 12:09:31 +0100
Avnet Inc. (AVT) Thursday reported a surge in third quarter net earnings to $271.771 million from $123.459 million in the prior year. On a per share basis, earnings were $2.12, up from $0.95 last year.
Wyndham Worldwide (WYN) Climbed To A New High After Q1 Profit Beat
Thu, 27 Apr 2017 12:00:32 +0100
Wyndham Worldwide (WYN) reported first quarter EPS of $1.14 Wednesday morning, compared to $1.12 last year. Analysts expected EPS of $1.11.
Thermo Fisher Scientific (TMO) Surged To A New High On Strong Q1 Earnings
Thu, 27 Apr 2017 11:50:22 +0100
Thermo Fisher Scientific (TMO) reported first quarter EPS of $2.08 Wednesday morning, up from $1.80 in the prior year period. Street expectations were for EPS of $2.02.
Street Enthusiastic To Hike Up At Opening
Thu, 27 Apr 2017 11:50:04 +0100
Initial trends in the U.S. future index is pointing to a higher opening of Wall Street. The market was excited by the effort of the White House to simplifying the tax code. Durable Good Orders and International Trade in Goods data of the day will give an insight to the quarterly GDP report. The market is waiting for the Jobless claims figures also. Asian shares closed broadly higher, while Europea
Wynn Resorts Ltd. (WYNN) Rose To A New High After Q1 Profit Topped Estimates
Thu, 27 Apr 2017 11:40:22 +0100
Wynn Resorts Ltd. (WYNN) reported first quarter EPS of $1.24 after the bell Tuesday, up from $1.07 in the prior year period. Analysts expected EPS of $0.97.
European Shares Retreat Ahead Of ECB Meeting
Thu, 27 Apr 2017 11:37:27 +0100
European stocks snapped a six-day winning streak on Thursday as U.S. President Donald Trump's long-touted tax plan for big corporate and personal tax cuts offered few details and investors waited to hear from ECB President Mario Draghi.
IRobot Corp. (IRBT) Soared To A New High On Q1 Results
Thu, 27 Apr 2017 11:30:22 +0100
iRobot Corp. (IRBT) reported first quarter EPS of $0.58 after the bell Tuesday, compared to $0.13 a year ago.
Nokia Stock Up On Narrower Q1 Net Loss, Sales Down; Backs Costs Savings View
Thu, 27 Apr 2017 11:16:01 +0100
Shares of Nokia Corp. were gaining around 6 percent in mid-morning trading in Finland after the network equipment maker reported Thursday narrower loss in its first quarter. The company also reiterated its fiscal 2017 outlook for total cost savings. CEO Rajeev Suri said, "Overall, given Nokia's performance in the first quarter, I am optimistic about the year ahead, even if cautiously so."
FTSE 100 Slides On Trump Tax-plan Disappointment
Thu, 27 Apr 2017 11:02:07 +0100
U.K. shares fell slightly on Thursday as U.S. President Donald Trump's tax proposals lacked details and investors looked forward to the ECB meeting to see if President Mario Draghi will signal any shift in policy.
Airbus Q1 Profit Climbs, Adj. EBIT Down; Backs FY17 Earnings View
Thu, 27 Apr 2017 10:50:57 +0100
Aerospace and defense major Airbus Group SE reported Thursday higher profit and revenues in its first quarter with growth in all segments, except defence. Adjusted EBIT, a key earnings metric, meanwhile declined from last year. Looking ahead, for fiscal 2017, Airbus continues to expect mid-single-digit percentage growth in adjusted earnings per share and adjusted EBIT.
AstraZeneca Q1 Profit, Revenues Down; Backs Weak Outlook For FY17; Stock Dips
Thu, 27 Apr 2017 09:39:32 +0100
Shares of AstraZeneca Plc were declining in the morning trading in London after the British drug giant reported Thursday weak profit and revenues in its first quarter, as product sales were hurt mainly by the residual impact of the US Crestor patent expiry. Core profit, however, increased with improved cost control. Further, the company confirmed its financial guidance for 2017.
Deutsche Bank Q1 Profit Surges, Revenues Weak; Stock Down
Thu, 27 Apr 2017 09:12:18 +0100
German banking giant Deutsche Bank AG reported Thursday significantly higher profit in its first quarter, mainly reflecting lower expenses and provision for credit losses. Meanwhile, net revenues declined with lower net interest income and weak global markets revenues. Deutsche Bank shares were losing around 3 percent in the morning trading in Germany.
Allied Irish Banks Reports Growth In Q1 Operating Profit - Quick Facts
Thu, 27 Apr 2017 08:24:35 +0100
Allied Irish Banks plc (ALBK.L, AIBYY.PK) said that it had a strong performance in the first quarter of 2017, with growth in net interest income and operating profit compared to the year-ago period. In the latest quarter, the company recorded a small net credit provision write-back.
KAZ Minerals Copper Production Surges; Backs FY17 Outlook - Quick Facts
Thu, 27 Apr 2017 08:12:32 +0100
Copper producer KAZ Minerals Plc (KAZ.L), formerly Kazakhmys PLC, Thursday reported that its copper production for the first quarter rose to 52.1 kt from 22.7 kt in the same period last year. The group said it is on track to achieve full-year 2017 guidance for all metals.
Hochschild Mining Q1 Production Rises, Affirms FY17 Outlook - Quick Facts
Thu, 27 Apr 2017 07:58:05 +0100
Hochschild Mining PLC (HOC.L) reported higher production in the first quarter compared to the year-ago period, and affirmed its production outlook for fiscal 2017.
Macau market improving as Las Vegas Sands posts higher first-quarter earnings
Thu, 27 Apr 2017 01:12:00 +0100
Las Vegas Sands posted better first-quarter earnings, driven by gains from its Las Vegas operations an improving Macau.
Shares of PayPal jump after earnings beat
Wed, 26 Apr 2017 22:53:00 +0100
PayPal reported first-quarter earnings after the bell Wednesday.
Buffalo Wild Wings earnings miss could give Marcato the upper hand
Wed, 26 Apr 2017 21:51:00 +0100
Buffalo Wild Wing's first-quarter earning miss could give hedge fund Marcato the advantage ahead of the company's proxy vote in June.
Procter & Gamble sales disappoint on geopolitical challenges
Wed, 26 Apr 2017 14:44:00 +0100
Consumer packaged goods conglomerate Procter & Gamble reported third-quarter earnings before the bell on Wednesday.
Boeing profit rises 19%
Wed, 26 Apr 2017 13:26:00 +0100
Boeing reported a 19 percent rise in quarterly profit and reaffirmed its full-year forecast for commercial airplane deliveries.
Netflix Inc. (NFLX) Surged To A New High On China Deal
Wed, 26 Apr 2017 12:40:18 +0100
Netflix Inc. (NFLX) announced that it has reached a licensing agreement with iQiyi.com to stream its original content in China.
Ryder System Inc. (R) Dropped To A 6-Month Low After Guidance Cut
Wed, 26 Apr 2017 12:30:29 +0100
Ryder System Inc. (R) reported first quarter EPS of $0.82 Tuesday morning, down from $1.12 a year ago. The company also reduced its 2017 EPS forecast to between $4.25 and $4.55 from a prior range of $5.10 to $5.40.
Masco Corp. (MAS) Closed Challenging The Highs After Q1 Report
Wed, 26 Apr 2017 12:20:18 +0100
Masco Corp. (MAS) reported first quarter EPS of $0.41 Tuesday morning, up from $0.32 in the previous year. The consensus estimate was for EPS of $0.36.
PepsiCo profit beats on demand for healthier snacks, drinks
Wed, 26 Apr 2017 12:19:00 +0100
PepsiCo reported a 41.6 percent jump in profit, helped by higher demand for its healthier drinks and snacks and as the company kept a tight leash on costs.
United Technologies quarterly profit rises 17.8%
Wed, 26 Apr 2017 12:17:00 +0100
United Technologies reported an 17.8 percent rise in first-quarter profit, helped by higher sales in all its four business units.
Express Scripts (ESRX) Sank To A New Low On Anthem News
Wed, 26 Apr 2017 12:10:18 +0100
Express Scripts (ESRX) reported first quarter EPS of $1.33 after the bell Monday, which topped the consensus estimate of $1.32. The company also increased its guidance for 2017 adjusted EPS to a range of $6.90 to $7.04, from a range of $6.82 to $7.02.
Nord Anglia Education (NORD) Set A New High After Bought By Bach Finance
Wed, 26 Apr 2017 12:00:26 +0100
Nord Anglia Education (NORD) announced Tuesday morning that it has agreed to be acquired by Bach Finance for approximately $4.3 billion.
Twitter shares surge 10% after surprising with better-than-expected quarterly results
Wed, 26 Apr 2017 12:00:00 +0100
In a surprise after several quarters of disappointing results, Twitter reports better-than-expected earnings and revenue.
Caterpillar (CAT) Jumped To A New High After Q1 Profit Surpassed Expectations
Wed, 26 Apr 2017 11:50:18 +0100
Caterpillar Inc. (CAT) reported first quarter EPS of $1.28 Tuesday morning, up from $0.64 in the prior year period. Street expectations were for EPS of $0.62. The company expects to report full year EPS of about $3.75, up from prior expectations of about $2.90. Analysts are expecting EPS of $3.26.
Tupperware Brands Corp. (TUP) Surged To A New High After Q1 Profit Beat
Wed, 26 Apr 2017 11:40:18 +0100
Tupperware Brands Corp. (TUP) reported first quarter EPS of $1.01 Tuesday morning, up from $0.91 last year. The consensus estimate was for EPS of $0.94.
McDonald's Corp. (MCD) Soared To A New High On Strong Q1 Earnings
Wed, 26 Apr 2017 11:30:18 +0100
McDonald's Corp. (MCD) reported first quarter EPS of $1.47 Tuesday morning, up from $1.25 in the previous year. The consensus estimate was for EPS of $1.33.
Chipotle data breach overshadows big earnings beat
Tue, 25 Apr 2017 23:19:00 +0100
Chipotle is expected to post earnings of $1.27 per share on $1.05 billion in revenue, according to Thompson Reuters estimates.
AT&T earnings meet expectations, but revenue falls short
Tue, 25 Apr 2017 22:06:00 +0100
Analysts had forecast the company to report earnings of 74 cents per share on $40.53 billion in revenue.
Panera reports earnings in line with expectations, revenue beats
Tue, 25 Apr 2017 22:01:00 +0100
Panera Bread reported first-quarter 2017 earnings after the bell on Tuesday.
McDonald's shares surge as strong restaurant sales show turnaround is working
Tue, 25 Apr 2017 16:48:00 +0100
The burger giant reports earnings of $1.47 per share, well above the expected $1.33.
Coca-Cola's profit plunges 20 percent on bottling refranchising costs
Tue, 25 Apr 2017 15:34:00 +0100
Coca-Cola's first-quarter earnings miss expectations by a penny a share.
McDonald's Corp. (MCD) Has Soared To A New High On Strong Q1 Earnings
Tue, 25 Apr 2017 14:54:06 +0100
McDonald's Corp. (MCD) reported first quarter EPS of $1.47 Tuesday morning, up from $1.25 in the previous year. The consensus estimate was for EPS of $1.33.
Tupperware Brands Corp. (TUP) Has Surged To A New High On Q1 Results
Tue, 25 Apr 2017 14:47:35 +0100
Tupperware Brands Corp. (TUP) reported first quarter EPS of $1.01 Tuesday morning, up from $0.91 last year. The consensus estimate was for EPS of $0.94.
Eli Lilly's profit beats on demand for new drugs
Tue, 25 Apr 2017 14:37:00 +0100
Eli Lilly reported a bigger-than-expected profit as the drugmaker benefited from higher demand for its newer products including diabetes treatment Trulicity.
Lockheed Martin's quarterly revenue up 6.6%
Tue, 25 Apr 2017 14:29:00 +0100
Lockheed Martin posted a 6.6 percent rise in quarterly sales, helped by strength in its aeronautics division that makes fighter jets.
Post-it maker 3M's quarterly profit rises 3.8%
Tue, 25 Apr 2017 14:24:00 +0100
3M, which makes Scotch tape and Post-it notes, reported a 3.8 percent rise in quarterly profit.
Caterpillar smashes expectations, raises forecast; shares jump
Tue, 25 Apr 2017 13:16:00 +0100
Caterpillar CEO Jim Umpleby says its strong results stemmed from improved operational performance and cost cutting.
Alphabet Inc. (GOOGL) Climbed To A New All-Time High
Tue, 25 Apr 2017 12:01:32 +0100
Alphabet Inc. (GOOGL) gapped open higher Monday and rose steadily during the first 45 minutes of trade. The stock advanced further in the final 2 hours of the afternoon and closed up by 19.98 at $878.93.
Illinois Tool Works (ITW) Broke Out To A New High After Q1 Profit Beat
Tue, 25 Apr 2017 11:51:22 +0100
Illinois Tool Works (ITW) reported first quarter EPS of $1.54 Monday morning, up from $1.29 last year. Street expectations were for EPS of $1.45.
Hasbro Inc. (HAS) Jumped To A New High On Strong Q1 Earnings
Tue, 25 Apr 2017 11:41:22 +0100
Hasbro Inc. (HAS) reported first quarter EPS of $0.54 Monday morning, up from $0.38 in the previous year. Analysts expected EPS of $0.38.
C.R. Bard Inc. (BCR) Soared To A New High After Bought By Becton, Dickinson
Tue, 25 Apr 2017 11:31:23 +0100
C.R. Bard Inc. (BCR) announced Sunday that it has agreed to be acquired by Becton, Dickinson and Company (BDX) for $317.00 per share in cash and stock, approximately $24 billion.
Hasbro Inc. (HAS) Has Jumped To A New High On Better Than Expected Q1 Earnings
Mon, 24 Apr 2017 14:39:08 +0100
Hasbro Inc. (HAS) reported first quarter EPS of $0.54 Monday morning, up from $0.38 in the previous year. Analysts expected EPS of $0.38.
Briggs & Stratton (BGG) Jumped To A 3-Month High After Q3 Earnings Beat
Mon, 24 Apr 2017 12:41:16 +0100
Briggs & Stratton (BGG) reported third quarter EPS of $0.83 after the close Thursday, up from $0.80 in the prior year period. The consensus estimate was for EPS of $0.82.
Electronics For Imaging (EFII) Sank To A 3-Month Low After Q1 Report
Mon, 24 Apr 2017 12:31:16 +0100
Electronics For Imaging (EFII) reported first quarter EPS of $0.55 after the close Thursday, which was flat with the prior year result. The result was also in line with analysts' expectations.
Visa Inc. (V) Has Risen To A New High After Better Than Expected Q2 Report
Fri, 21 Apr 2017 14:45:59 +0100
Visa Inc. (V) reported second quarter EPS of $0.86 after the bell Thursday, up from $0.68 in the prior year. Analysts expected EPS of $0.79.
IDEX Corp. (IEX) Has Surged To A New High On Better Than Expected Q1 Earnings
Thu, 20 Apr 2017 15:02:38 +0100
IDEX Corp. (IEX) reported first quarter EPS of $1.03 after the close Wednesday, up from $0.89 last year. The consensus estimate was for EPS of $0.93.
Select Comfort Corp. (SCSS) Has Surged To A New High On Strong Q1 Earnings
Thu, 20 Apr 2017 14:38:40 +0100
Select Comfort Corp. (SCSS) reported first quarter EPS of $0.56 after the close Wednesday, up from $0.27 a year ago. The consensus estimate was for EPS of $0.44.
Lam Research Corp. (LRCX) Has Broken Out To A New High On Q3 Earnings
Wed, 19 Apr 2017 14:37:54 +0100
Lam Research Corp. (LRCX) reported third quarter EPS of $2.80 after the bell Tuesday, up from $0.82 in the prior year period. Analysts expected EPS of $2.55.
Neurocrine Biosciences Inc. (NBIX) Is Surging After FDA Approval
Wed, 12 Apr 2017 14:39:29 +0100
Neurocrine Biosciences Inc. (NBIX) announced after the close Tuesday that it has received FDA approval for Ingrezza capsules for the treatment of adults with tardive dyskinesia.
Tesla Motors Inc. (TSLA) Has Climbed To A New High After Upgrade
Mon, 10 Apr 2017 14:52:33 +0100
Piper Jaffray upgraded its rating on shares of Tesla Motors Inc. (TSLA) Monday morning to "Overweight" from "Neutral." The broker also boosted its price target on the stock to $368 from $223 per share.
Constellation Brands Inc. (STZ) Is Surging On Strong Q4 Results
Thu, 06 Apr 2017 14:39:45 +0100
Constellation Brands Inc. (STZ) reported fourth quarter EPS of $1.48 on a comparable basis Thursday morning. Street expectations were for EPS of $1.36.
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