Stock Market News
Australian Market Modestly Higher
Thu, 19 Oct 2017 01:39:50 GMT
The Australian stock market is modestly higher on Thursday following the overnight gains on Wall Street. Weakness in mining stocks due to lower commodity prices was offset by strength in financials.
Nikkei rises on global stock rally, heads for 13 straight days of gains
Thu, 19 Oct 2017 01:32:02 GMT
* Nikkei on track for longest daily winning streak since 1988
Hong Kong Shares Inherit Positive Lead
Thu, 19 Oct 2017 01:15:33 GMT
The Hong Kong stock market has climbed higher in five straight sessions, advancing more than 315 points or 1.2 percent along the way. The Hang Seng Index now rests just above the 28,710-point plateau and the market is looking at another green light again on Thursday.
PRECIOUS-Gold prices steady amid firm dollar
Thu, 19 Oct 2017 01:06:56 GMT
Oct 19 (Reuters) - Gold prices were nearly unchanged early on Thursday as the dollar held firm on the back of strong U.S. Treasury yields. FUNDAMENTALS * Spot gold was steady at $1,281.24 an ounce at 0053 GMT. It hit an over one-week low of $1,276.73 in the previous session. * U.S. gold futures for December delivery were flat at $1,283 per ounce. * The dollar index was nearly unchanged at 93.320. It was flat versus the yen * The U.S.
Additional Support Tipped For China Stock Market
Thu, 19 Oct 2017 01:00:32 GMT
The China stock market on Wednesday wrote a finish to the two-day slide in which it had retreated almost 20 points or 0.6 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau and it may extend its gains on Thursday.
GLOBAL MARKETS-Asia stocks edge up, await China GDP, dollar rises as yields spike
Thu, 19 Oct 2017 00:52:31 GMT
* MSCI Asia-Pacific index near 10-yr high, Nikkei hits 21-yr peak
RPT-CORRECTED-UPDATE 1-Woodside 3rd-qtr revenue slips 7 pct, cuts annual output forecast
Thu, 19 Oct 2017 00:44:37 GMT
Oct 19 (Reuters) - Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 7 percent dip in third-quarter revenue as output from the North West Shelf in Western Australia declined, and slashed its full-year output guidance range.
Taiwan Bourse May Find Traction On Thursday
Thu, 19 Oct 2017 00:30:32 GMT
The Taiwan stock market has fallen lower in two straight sessions, dipping almost 55 points or -/5 percent along the way. The Taiwan Stock Exchange now rests just above the 10,720-point plateau although it may stop the bleeding on Thursday.
PRESS DIGEST- British Business - Oct 19
Thu, 19 Oct 2017 00:21:32 GMT
Oct 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 2-U.S. FDA approves Gilead cancer gene therapy; price set at $373,000
Thu, 19 Oct 2017 00:11:42 GMT
Oct 18 (Reuters) - U.S. regulators approved on Wednesday a new therapy for a type of lymphoma, which was developed by Gilead Science Inc's Kite Pharma, marking the second approval for this potentially revolutionary approach to fighting cancer.
CORRECTED-UPDATE 1-Woodside 3rd-qtr revenue slips 7 pct, cuts annual output forecast
Thu, 19 Oct 2017 00:10:56 GMT
Oct 19 (Reuters) - Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 7 percent dip in third-quarter revenue as output from the North West Shelf in Western Australia declined, and slashed its full-year output guidance range.
BRIEF-Mongodb Inc announces pricing of initial public offering
Thu, 19 Oct 2017 00:08:04 GMT
* ‍pricing of initial public offering of 8,000,000 shares of class a common stock at $24.00 per share​ Source text for Eikon: Further company coverage:
BRIEF-Global Eagle announces fourth quarter and full year 2016 results
Thu, 19 Oct 2017 00:05:53 GMT
* Global Eagle announces fourth quarter and full year 2016 results
Singapore Shares May Continue Winning Streak
Thu, 19 Oct 2017 00:00:33 GMT
Ahead of Wednesday's holiday for Deepavali, the Singapore stock market had ticked higher in four straight sessions, advancing more than 45 points or 1.4 percent along the way. The Straits Times Index now rests just beneath the 3,330-point plateau and it may add to its winnings on Thursday.
UPDATE 8-White House says Trump opposes Senate's bipartisan Obamacare deal
Wed, 18 Oct 2017 23:59:41 GMT
* Democrat Schumer blasts Trump's shifting stances (Adds detail from court hearing in third to last paragraph)
Malaysia Shares May Halt Losing Streak
Wed, 18 Oct 2017 23:30:33 GMT
Ahead of Wednesday's holiday for Deepavali, the Malaysia stock market had ticked lower in two straight sessions - slipping more than 6 points or 0.4 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,750-point plateau although it may stop the bleeding on Thursday.
South Korea Bourse May See Renewed Support
Wed, 18 Oct 2017 23:00:33 GMT
The South Korea stock market on Wednesday ended the two-day winning streak in which it had advanced more than 10 points or 0.4 percent to a fresh record closing high. The KOSPI now rests just above the 2,480-point plateau although it may bounce higher again on Thursday.
Major Averages All Close Higher But Dow Outperforms - U.S. Commentary
Wed, 18 Oct 2017 20:15:49 GMT
While a jump by shares of IBM (IBM) contributed to a notable advance by the Dow, the broader Nasdaq and S&P 500 spent much of the trading day on Wednesday lingering near the unchanged line. The major averages still all reached new record closing highs.
United Continental beats expectations despite hurricane disruptions
Wed, 18 Oct 2017 16:41:00 GMT
United Continental reported its earnings and revenue for the third quarter after the bell on Wednesday.
Dow Remains Firmly Positive, Nasdaq Slightly Lower - U.S. Commentary
Wed, 18 Oct 2017 16:00:48 GMT
While the Dow has climbed firmly into positive territory, the broader Nasdaq and S&P 500 have spent much of the trading session on Wednesday lingering near the unchanged line. The choppy trading comes on the heels of the mixed performance seen in the previous session.
Dow Climbs To New Record High Amid Jump By IBM - U.S. Commentary
Wed, 18 Oct 2017 14:48:49 GMT
Stocks are turning in another lackluster performance in morning trading on Wednesday after ending the previous session mixed. The Dow has climbed firmly into positive territory, although the broader Nasdaq and S&P 500 have been lingering near the unchanged line.
Spectrum Pharmaceuticals Inc. (SPPI) Has Surged To A New High On Study Results
Wed, 18 Oct 2017 13:43:59 GMT
Spectrum Pharmaceuticals Inc. (SPPI) announced Tuesday that the interim data from its Phase 2 clinical study of poziotinib in EGFR Exon 20 Mutant Non-Small-Cell Lung Cancer was presented in Yokohama, Japan.
IBM Corp. (IBM) Has Surged To Over A 5-Month High After Q3 Profit Beat
Wed, 18 Oct 2017 13:34:15 GMT
IBM Corp. (IBM) reported third quarter EPS of $3.30 after the bell Tuesday, compared to $3.29 in the prior year period. Street expectations were for EPS of $3.28.
Stocks May Extend Recent Uptrend In Early Trading - U.S. Commentary
Wed, 18 Oct 2017 12:53:32 GMT
Following the mixed performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 91 percent.
Abbot Narrows FY17 Adj. Earnings Outlook - Quick Facts
Wed, 18 Oct 2017 12:06:45 GMT
While reporting its third-quarter financial results on Wednesday, Abbott Laboratories (ABT) narrowed its outlook for fiscal 2017 adjusted earnings per share and also forecast adjusted earnings for the fourth quarter mostly below analysts' estimates.
Wall Street Poised To Surge At Opening
Wed, 18 Oct 2017 11:47:30 GMT
The market is awaiting the Beige Book as well as Housing Statistics that will be published on Wednesday. Asian shares closed mixed, while European shares is trading up. Early signs from U.S. futures Index suggest that Wall Street will be surging at the opening.
Badger Meter Inc. (BMI) Pulled Back After Q3 Miss
Wed, 18 Oct 2017 11:32:14 GMT
Badger Meter Inc. (BMI) reported third quarter EPS of $0.27 after the close Monday, down from $0.30 in the previous year. Street expectations were for EPS of $0.35.
Johnson & Johnson (JNJ) Jumped To A New High After Strong Q3 Report
Wed, 18 Oct 2017 11:22:14 GMT
Johnson & Johnson (JNJ) reported third quarter EPS of $1.90 Tuesday morning, up from $1.68 last year. The consensus estimate was for EPS of $1.80.
Sensex, Nifty End Lower As Financials Drag
Wed, 18 Oct 2017 11:18:44 GMT
Indian shares ended a tad lower in cautious trade Wednesday as Axis Bank reported a surge in bad loans for the September quarter and investors adopted a cautious stance heading into a long holiday weekend.
U.S. Bancorp Q3 Profit Matches Estimates; Net Revenue Up 4.1% YoY
Wed, 18 Oct 2017 11:16:50 GMT
U.S. Bancorp (USB) reported net income of $1.56 billion for the third quarter of 2017, or $0.88 per share, compared to $1.50 billion, or $0.84 per share, in the third quarter of 2016. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items. The company said the increase in net income year-over-year was principally due to a 4.1 percent increase in total net revenue driven by higher net interest income, partially offset by a 3.7 percent increase in noninterest expense.
Unitedhealth Group Inc. (UNH) Climbed To A New High On Q3 Results
Wed, 18 Oct 2017 11:12:14 GMT
Unitedhealth Group Inc. (UNH) reported third quarter EPS of $2.66 Tuesday morning, up from $2.17 last year. The consensus estimate was for EPS of $2.56.
Grainger (W.W.) Inc. (GWW) Surged To A 6-Month High After Q3 Profit Beat
Wed, 18 Oct 2017 11:02:14 GMT
Grainger (W.W.) Inc. (GWW) reported third quarter EPS of $2.90 Tuesday morning, down from $3.06 in the prior year. Street expectations were for EPS of $2.56.
Overstock.com Inc. (OSTK) Broke Out To A New High For The Year
Wed, 18 Oct 2017 10:52:14 GMT
Overstock.com Inc. (OSTK) gapped up slightly Tuesday and climbed for the bulk of the session. Profit taking set in during the final hour of trade, but shares still finished with a gain of 3.50 at $33.80 on above average volume.
Syntel Inc. (SYNT) Surged To Over An 11-Month High On Strong Q3 Earnings
Wed, 18 Oct 2017 10:42:14 GMT
Syntel Inc. (SYNT) reported third quarter EPS of $0.58 Tuesday morning, compared to the loss of $2.58 a year ago. The consensus estimate was for EPS of $0.42.
Biogen Inc. (BIIB) Rose To A New High Following Upgrade
Wed, 18 Oct 2017 10:32:14 GMT
Stifel Nicolaus upgraded its rating on shares of Biogen Inc. (BIIB) Tuesday morning to "Buy" from "Hold."
European Shares Rise As Dollar Edges Up On Fed Speculation
Wed, 18 Oct 2017 10:16:46 GMT
European stocks were modestly higher on Wednesday as the dollar firmed up on speculation over next Fed Chair, China pledged to deepen economic and financial reforms, and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
FTSE 100 Edges Higher As Pound Weakens
Wed, 18 Oct 2017 09:58:11 GMT
U.K. shares rose on Wednesday as the pound continued to fall following comments from the new Bank of England deputy governor that he was not close to voting for an interest rate hike because there is no sign of second-round effects onto wages from higher recent inflation.
CAC 40 Inches Higher As Dollar Pushes Higher On Buzz Over Fed Chief
Wed, 18 Oct 2017 09:36:29 GMT
French shares were modestly higher on Wednesday as the dollar firmed up on speculation over next Fed Chair, China pledged to deepen economic and financial reforms, and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
DAX Rises Led By Automakers
Wed, 18 Oct 2017 09:28:03 GMT
German shares eked out modest gains on Wednesday as the dollar firmed up on speculation over next Fed Chair, China pledged to deepen economic and financial reforms, and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
Asian Shares Mixed As Pivotal Meeting Begins In Beijing
Wed, 18 Oct 2017 08:19:16 GMT
Asian stocks turned in a mixed performance on Wednesday as China's ruling Communist Party began its week-long once-in-a-five-year Congress and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
ASML Q3 Profit Climbs, Margin Down; Confirms FY17 Sales Growth View
Wed, 18 Oct 2017 06:38:24 GMT
Dutch semiconductor equipment maker ASML Holding NV reported Wednesday higher profit in its third quarter as sales were boosted mainly with strong demand for DUV Systems. Meanwhile, margin declined. Looking ahead, the company projects sequentially lower sales in its fourth quarter. For fiscal 2017, the company maintained forecast for higher sales.
European Shares Seen Up Ahead Of Draghi Speech
Wed, 18 Oct 2017 05:53:22 GMT
European stocks may open higher on Wednesday as oil consolidated overnight gains and the dollar traded firm on inflation expectations and amid the buzz that U.S. President Donald Trump is leaning toward nominating Stanford University economist John Taylor to head the Federal Reserve.
Sensex Down 60 Points Ahead Of Long Weekend; Nifty At 10,205
Wed, 18 Oct 2017 04:32:28 GMT
Indian shares opened a tad lower on Wednesday as investors digested mixed earnings results and exercised some caution ahead of a long holiday weekend.
Asian Markets Mostly Higher Amid Cautious Trades
Wed, 18 Oct 2017 03:26:29 GMT
Asian stock markets are mostly higher on Wednesday, with investors trading cautiously as China's President Xi Jinping spoke at the beginning of the Communist Party's 19th National Congress, the most important political meeting of the party in the past five years. Investors are waiting for clues on future policy direction in the world's second-largest economy.
Sensex, Nifty Seen Tad Lower On Mixed Earnings
Wed, 18 Oct 2017 03:04:20 GMT
Indian shares may open slightly lower on Wednesday after Wipro and Axis Bank delivered mixed quarterly results. Traders may also adopt a cautious stance as the bourses will be closed on Thursday and Friday for Diwali. Thursday will just have one hour of Muhurat trading.
Japanese Market Rises
Wed, 18 Oct 2017 02:41:48 GMT
The Japanese stock market is higher for a twelfth straight day on Wednesday in choppy trade, with the fresh record highs overnight on Wall Street and a slightly weaker yen boosting investor sentiment.
Thai Stock Market May Extend Tuesday's Losses
Wed, 18 Oct 2017 02:31:51 GMT
The Thai stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 20 points or 1.2 percent. The Stock Exchange of Thailand now rests just beneath the 1,725-point plateau and it may take further damage on Wednesday.
Australian Market Modestly Higher
Wed, 18 Oct 2017 02:08:27 GMT
The Australian stock market is modestly higher on Wednesday, with investors treading cautiously following news that Rio Tinto has been charged with fraud by U.S. regulators. A weak quarterly production report from BHP Billiton also weighed on investor sentiment.
Indonesia Bourse May Find Continued Consolidation
Wed, 18 Oct 2017 02:01:50 GMT
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had surrendered more than 25 points or 0.4 percent. The Jakarta Composite Index now rests just beneath the 5,950-point plateau and it's looking at another soft start on Wednesday.
BHP Billiton Q1 Iron Ore Production Down 3%; Affirms FY Outlook
Wed, 18 Oct 2017 01:32:36 GMT
Anglo-Australian mining giant BHP Billiton plc (BHP.AX, BLT.L, BBL, BHP) reported that its total iron ore production for the first quarter ended September 30, 2017 was 55.6 million tonnes, down 3 percent from 57.6 million tonnes in the year-ago quarter.
Hang Seng: Resistance Expected At 28,700 Points
Wed, 18 Oct 2017 00:31:50 GMT
The Hong Kong stock market has finished higher in four consecutive trading days, climbing more than 300 points or 1.1 percent along the way. The Hang Seng Index now rests just beneath the 28,700-point plateau although investors may cash in on Wednesday.
China Stock Market May Remain Under Pressure
Wed, 18 Oct 2017 00:01:50 GMT
The China stock market has finished lower in two straight sessions, dipping almost 20 points or 0.6 percent along the way. The Shanghai Composite Index now rests just above the 3,370-point plateau and it figures to see continued selling pressure again on Wednesday.
Taiwan Stock Market May Take Further Damage
Tue, 17 Oct 2017 23:31:50 GMT
The Taiwan stock market on Tuesday snapped the 10-day winning streak in which it had surged more than 530 points or 5.1 percent on its way to a 27-year closing high. The Taiwan Stock Exchange now rests just beneath the 10,725-point plateau and it's expected to extend its losses on Wednesday.
Dow, S&P 500 Reach Record Highs Despite Choppy Trading - U.S. Commentary
Tue, 17 Oct 2017 20:18:11 GMT
After ending the previous session modestly higher, stocks showed a lack of direction over the course of the trading day on Tuesday. Despite the choppy trading on the day, the Dow and the S&P 500 reached new record closing highs.
Goldman earnings breeze past expectations on trading beat
Tue, 17 Oct 2017 14:04:00 GMT
Goldman Sachs posts third-quarter earnings that easily beat expectations on the top and bottom lines.
Unitedhealth Group Inc. (UNH) Has Broken Out To A New High On Q3 Results
Tue, 17 Oct 2017 13:44:34 GMT
Unitedhealth Group Inc. (UNH) reported third quarter EPS of $2.66 Tuesday morning, up from $2.17 last year. The consensus estimate was for EPS of $2.56.
UnitedHealth tops profit estimates on strength in Optum business
Tue, 17 Oct 2017 13:40:00 GMT
UnitedHealth, the largest U.S. health insurer, reported a 26.3 percent rise in quarterly profit, driven by growth across its businesses.
New cancer drugs help J&J top profit estimates
Tue, 17 Oct 2017 13:38:00 GMT
J&J, which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose.
Harley's retail sales misses estimates, margins slide
Tue, 17 Oct 2017 13:36:00 GMT
Harley-Davidson reported a better-than-expected profit and maintained its full-year shipments forecast, despite weak demand in its home market.
Goldman Sachs Q3 Results Top Estimates
Tue, 17 Oct 2017 12:23:56 GMT
Banking major Goldman Sachs Group Inc. (GS) reported Tuesday profit for the third-quarter that declined 3 percent from last year. But, quarterly net revenues increased 2 percent. Both earnings per share and revenues topped analysts' expectations.
Higher freight rates lift CSX third quarter profit
Tue, 17 Oct 2017 12:15:00 GMT
CSX, the third-largest U.S. railroad operator, posted a slight increase in quarterly net profit on Tuesday.
Nordstrom Inc. (JWN) Fell After Family Abandons Effort To Go Private
Tue, 17 Oct 2017 11:31:49 GMT
Nordstrom Inc. (JWN) announced Monday morning that the Nordstrom family has suspended its efforts to take the company private for the balance of the year.
Allergan Inc. (AGN) Tumbled After Patent Ruling
Tue, 17 Oct 2017 11:21:49 GMT
Allergan Inc. (AGN) sold off sharply Monday afternoon, after the U.S. District Court for the Eastern District of Texas ruled that four asserted patents covering RESTASIS 0.05% are invalid.
Adobe Systems Inc. (ADBE) Pulled Back Following Downgrade
Tue, 17 Oct 2017 11:11:49 GMT
Deutsche Bank downgraded its rating on shares of Adobe Systems Inc. (ADBE) Monday morning to "Hold" from "Buy."
M/A-COM Technology Solutions (MTSI) Dropped To Over An 11-Month Low
Tue, 17 Oct 2017 11:01:49 GMT
M/A-COM Technology Solutions (MTSI) gapped open lower Monday and steadily declined during the first hour of trade. The stock was range-bound for the rest of the session and closed down by 5.01 at $36.59 on above average volume.
Morgan Stanley shares jump to 9-year high after earnings beat the Street on strong wealth management
Tue, 17 Oct 2017 10:55:00 GMT
Morgan Stanley's fixed income and equities traders navigated a tough environment better than peers.
Natural Health Trends Corp. (NHTC) Sank On Q3 Outlook
Tue, 17 Oct 2017 10:51:49 GMT
Natural Health Trends Corp. (NHTC) announced after the bell Friday that it expects to report third quarter total revenue of $40.1 million, compared to $70.7 million last year.
Spectrum Brands Inc. (SPB) Climbed To A 6-Week High
Tue, 17 Oct 2017 10:41:49 GMT
Spectrum Brands Inc. (SPB) posted gains in the first half hour of trade Monday and advanced further during the first half of the afternoon. The stock ended the day with a gain of 4.38 at $110.23 on above average volume.
Exelixis Inc. (EXEL) Jumped After FDA Grants Priority Review
Tue, 17 Oct 2017 10:31:49 GMT
Exelixis Inc. (EXEL) announced Monday morning that its Phase 3 trial of cabozantinib in patients with advanced hepatocellular carcinoma met its primary endpoint.
CBS earnings to disappoint due to weak NFL ratings, Credit Suisse says
Mon, 16 Oct 2017 19:56:00 GMT
Credit Suisse cut its third-quarter EPS estimates by 5 percent, citing CBS' softer Sunday NFL ratings.
Netflix adds 5.3 million subscribers during third quarter, beating analysts' estimates
Mon, 16 Oct 2017 19:25:00 GMT
Analysts expect the company to post higher than expected subscriber numbers.
Exelixis Inc. (EXEL) Has Broken Out To A New High On FDA Priority Review
Mon, 16 Oct 2017 13:46:42 GMT
Exelixis Inc. (EXEL) announced Monday morning that its Phase 3 trial of cabozantinib in patients with advanced hepatocellular carcinoma met its primary endpoint.
Ruby Tuesday To Be Acquired By NRD Capital For $2.40/share; Q1 Loss Narrows
Mon, 16 Oct 2017 12:51:38 GMT
Ruby Tuesday, Inc. (RT), which is struggling with lower traffic at its casual restaurants, said Monday that it has agreed to be acquired by a fund managed by NRD Capital, an Atlanta-based private equity firm that specializes in franchised and multi-location business investments.
First Republic Bank (FRC) Fell To A 1-Month Low After Q3 Miss
Mon, 16 Oct 2017 11:21:48 GMT
First Republic Bank (FRC) reported third quarter EPS of $1.14 Friday morning, up from $1.00 in the prior year period. Analysts expected EPS of $1.15.
Owners of Hertz, Kors, AMD, and more should get ready for a wild ride after earnings
Mon, 16 Oct 2017 11:14:00 GMT
MKM Partners says some stocks are expected to move more than 9 percent following the release of earnings reports.
Applied Optoelectronics Inc. (AAOI) Dropped After Q3 Guidance Lowered
Mon, 16 Oct 2017 11:11:49 GMT
Applied Optoelectronics Inc. (AAOI) announced after the close Thursday that it now expects to report third quarter non-GAAP EPS of $1.04 to $1.09. Prior guidance had been for non-GAAP EPS between $1.30 and $1.43. The consensus estimate is for EPS of $1.31.
Trinseo (TSE) Climbed To Over A 2-Month High
Mon, 16 Oct 2017 11:01:48 GMT
Trinseo (TSE) announced after the close Thursday that it now expects third quarter net income of $32 million to $37 million, which includes a pre-tax charge of approximately $66 million from recent debt refinancing. Prior guidance had been for net income of $50 million to $58 million, which did not reflect a charge for debt refinancing.
Bunge Ltd. (BG) Jumped To A 3-Week High On Glencore News
Mon, 16 Oct 2017 10:51:48 GMT
The Wall Street Journal reported around midday Friday that Glencore has a standstill agreement which temporarily prevents it from making a hostile bid for Bunge Ltd. (BG).
Netflix Inc. (NFLX) Rose To A New High For The Year
Mon, 16 Oct 2017 10:41:48 GMT
Netflix Inc. (NFLX) gapped up sharply Friday morning after both JPMorgan and Goldman Sachs raised their respective price targets on the stock. Netflix traded in a range for the majority of the session and closed up by 3.63 at $199.49 on above average volume.
Sohu.com Inc. (SOHU) Surged To A New High For The Year
Mon, 16 Oct 2017 10:31:48 GMT
Sohu.com Inc. (SOHU) gapped up at the open Friday and rose sharply during the first half hour of trade. The stock was range-bound for the rest of the session and closed up by 7.45 at $64.50 on the highest volume of the year.
PNC Financial's profit beats estimates on higher interest income
Fri, 13 Oct 2017 13:42:00 GMT
Regional lender PNC Financial Services reported a stronger-than-expected profit as higher interest rates boosted the bank's income.
Wells Fargo Q3 Profit Tops Estimates; Revenue Down 2% YoY
Fri, 13 Oct 2017 12:30:25 GMT
Wells Fargo & Company (WFC) reported net income applicable to common stock of $4.2 billion, or $0.84 per share, for third quarter 2017, compared to $5.2 billion, or $1.03 per share, a year ago. The company noted that its third-quarter EPS of $0.84 included the impact of a discrete litigation accrual of $0.20 per share for mortgage-related regulatory investigations. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $1.03, for the quarter. Analysts' estimates typically exclude special items.
Alcoa Terminates Power Contract Tied To Rockdale Operations; Sees Q4 Charge
Fri, 13 Oct 2017 12:02:34 GMT
Alcoa Corp. (AA) said that the company and power provider Luminant Generation Company LLC have terminated the electricity contract tied to Alcoa's Rockdale Operations in Texas. The smelter at Rockdale has been fully curtailed since the end of 2008.
Wells Fargo shares fall 3% on disappointing revenue, higher legal costs
Fri, 13 Oct 2017 12:00:00 GMT
Wells Fargo reports third-quarter revenue that missed expectations, sending shares lower.
Bank Of America Q3 Profit Climbs, Tops Estimates
Fri, 13 Oct 2017 11:42:14 GMT
Bank of America Corp. reported Friday higher profit in its third quarter, benefited by higher net interest income and lower provision for credit losses. Earnings per share topped analysts' estimates. In pre-market activity, shares were gaining around 1.06 percent.
Domino's Pizza Inc. (DPZ) Dropped After Q3 Same Store Sales Growth Slowed
Fri, 13 Oct 2017 11:31:46 GMT
Domino's Pizza Inc. (DPZ) reported third quarter adjusted EPS of $1.27 Thursday morning, compared to $0.96 in the previous year. Analysts expected EPS of $1.23. Total same store sales increased 14.2 percent, compared to 17.2 percent growth last year.
Blackhawk Network Holdings (HAWK) Sank After Outlook Disappoints
Fri, 13 Oct 2017 11:21:45 GMT
Blackhawk Network Holdings (HAWK) reported third quarter EPS of $0.18 after the close Wednesday, up from $0.14 in the prior year period. The consensus estimate was for EPS of $0.11. The company expects to report full year EPS of $1.56 to $1.70. Street expectations are for EPS of $1.68.
China Biologic Products (CBPO) Fell To A New Low After Acquisition
Fri, 13 Oct 2017 11:11:45 GMT
China Biologic Products (CBPO) announced Thursday morning that it has agreed to acquire 80% equity interest in Tianxinfu (Beijing) Medical Appliance Co. from PW Medtech Group Limited.
Ulta Beauty (ULTA) Tumbled To A New Low Following Downgrade
Fri, 13 Oct 2017 11:01:45 GMT
Cleveland Research downgraded its rating on shares of Ulta Beauty (ULTA) Thursday morning to "Neutral" from "Buy."
Parker Hannifin Corp. (PH) Broke Out To A New High For The Year
Fri, 13 Oct 2017 10:51:45 GMT
Parker Hannifin Corp. (PH) rose steadily until midday Thursday and took out the session highs going into the close. Shares finished with a gain of 2.52 at $180.08.
Northrop Grumman Corp. (NOC) Climbed To A New High For The Year
Fri, 13 Oct 2017 10:41:45 GMT
Northrop Grumman Corp. (NOC) climbed in early trade Thursday and rose further around mid-afternoon. The stock closed up by 3.49 at $298.68.
DXC Technology (DXC) Set A New High After Merger Announcement
Fri, 13 Oct 2017 10:31:45 GMT
DXC Technology (DXC) announced after the close Wednesday that its board of directors has unanimously approved a plan to combine its U.S. Public Sector business with Vencore Holding Corporation and KeyPoint Government Solutions.
Bank of America earnings top Wall Street estimates, shares rise
Fri, 13 Oct 2017 10:14:00 GMT
Bank of America is set to report third-quarter earnings. Here's what Wall Street is expecting from the banking giant.
Citigroup Q3 Profit Up 8%, Results Beat View
Thu, 12 Oct 2017 12:28:52 GMT
Citigroup Inc. on Thursday reported an 8 percent increase in profit for the third quarter from last year, reflecting higher revenues and lower expenses that more than offset higher cost of credit. Both revenue and earnings per share for the quarter beat analysts' estimates.
Domino's shares slip as same-store sales growth slows
Thu, 12 Oct 2017 12:19:00 GMT
Domino's reported a better-than-expected quarterly profit on Thursday as the company benefited from higher demand in the U.S.
Citigroup earnings beat Wall Street, but shares fall on concerns of rising credit costs
Thu, 12 Oct 2017 11:36:00 GMT
Citigroup reported better-than-expected quarterly results, as its global consumer business showed revenue growth.
Barracuda Networks Inc. (CUDA) Dropped After Q2 Report
Thu, 12 Oct 2017 11:31:44 GMT
Barracuda Networks Inc. (CUDA) reported second quarter non-GAAP EPS of $0.17 after the bell Tuesday, which was in line with analysts' expectations.
JPMorgan Chase & Co. Q3 Profit Tops Estimates; Revenue Up 3% YoY
Thu, 12 Oct 2017 11:31:40 GMT
JPMorgan Chase & Co. (JPM) reported third-quarter earnings per share of $1.76 compared to $1.58, previous year. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.65 for the quarter. Analysts' estimates typically exclude special items. Net income rose 7% year-over-year to $6.7 billion.
NuVasive Inc. (NUVA) Fell To A New Low For The Year
Thu, 12 Oct 2017 11:21:44 GMT
NuVasive Inc. (NUVA) announced after the bell Tuesday that it has filed a lawsuit against former vice chairman Patrick S. Miles. The company alleges that Miles violated his non-competition and non-solicitation obligations to NuVasive.
Xperi Corp. (XPER) Tumbled To A New Low For The Year
Thu, 12 Oct 2017 11:11:44 GMT
Xperi Corp. (XPER) gapped open lower Wednesday and spiked to the downside in early trade. The stock settled into a range for the bulk of the session and closed lower by 3.68 at $22.68 on the highest volume of the year.
JPMorgan profit tops Street estimates, but bond trading revenue plummets
Thu, 12 Oct 2017 10:52:00 GMT
JPMorgan Chase reports earnings well above Wall Street estimates, but bond trading revenue sank in the third quarter.
JetBlue Airways September Traffic, Capacity And Load Factor Decline
Wed, 11 Oct 2017 12:13:50 GMT
JetBlue Airways Corp. (JBLU) reported that its traffic, capacity and load factor declined in the month of September 2017.
Delta Air Lines Q3 Profit Down; Sees Continued Pressure On Q4 Margins
Wed, 11 Oct 2017 11:51:05 GMT
Delta Air Lines Inc. (DAL, DALRQ.PK) reported a profit for the third-quarter that decreased 6.4 percent from last year. But total operating revenue was up 5.5 percent, despite a $140 million reduction from Hurricane Irma. It expects continued pressure on margins as its unit revenue momentum catches up to the rise in fuel prices that began in July.
Delta earnings, revenue top expectations despite powerful hurricanes
Wed, 11 Oct 2017 11:12:00 GMT
Delta reported 3Q earnings per share of $1.57 vs $1.53 estimate.
BlackRock earnings easily beat Wall Street as assets jump to almost $6 trillion
Wed, 11 Oct 2017 10:16:00 GMT
BlackRock, the world's largest money manager, says assets under management grew by 17 percent.
Goldman Sachs could be a big earnings winner, GE a loser, Morgan Stanley predicts
Tue, 10 Oct 2017 17:21:00 GMT
Morgan Stanley equity strategists picked nine stocks they say could be movers in the early weeks of earnings season.
AnaptysBio Inc. (ANAB) Has Soared To A New High On Phase 2 Study Results
Tue, 10 Oct 2017 13:34:55 GMT
AnaptysBio Inc. (ANAB) reported positive results from its Phase 2a trial of ANB020 Tuesday morning. An Eczema Area Severity Index score improvement of 50 percent relative to enrollment baseline was observed in 75 percent of patients after a single dose.
Costco's profit tops estimates, but shrinking margins send shares skidding lower
Fri, 06 Oct 2017 10:08:00 GMT
Costco Wholesale's profit scraped past estimates, helped by a hike in membership fees.
Yum China's same-store sales beat estimates, CEO to step down
Thu, 05 Oct 2017 21:58:00 GMT
Yum China Holdings quarterly same-store sales beat estimates, and the company said its CEO Micky Pant would step down.
Constellation Brands brews higher profit, lifts forecast
Thu, 05 Oct 2017 16:51:00 GMT
Constellation Brands beat Wall Street's profit estimates on increased margins from higher beer prices and breweries running at full capacity.
Constellation Brands Inc. (STZ) Has Jumped To A New High On Strong Q2 Results
Thu, 05 Oct 2017 13:38:14 GMT
Constellation Brands Inc. (STZ) reported second quarter EPS of $2.47 Thursday morning, up from $1.77 a year ago. Analysts expected EPS of $2.17. The company also increased its full year EPS forecast on a comparable basis to between $8.25 and $8.40, from prior expectations of $7.90 to $8.10. The consensus estimate is for EPS of $8.18.
Constellation Brands Raises FY18 Earnings Outlook; Declares Dividend
Thu, 05 Oct 2017 11:57:17 GMT
While reporting its second-quarter financial results today, Constellation Brands Inc. (STZ, STZ-B) raised its earnings outlook for fiscal 2018, citing strong beer business results.
Monsanto posts fourth-quarter profit on demand for corn, soybean seeds
Wed, 04 Oct 2017 13:07:00 GMT
Monsanto, which is being acquired by Germany's Bayer, reported a quarterly profit, helped by higher demand for corn and soybean seeds.
Monsanto Reports Q4 Profit On Higher Seeds And Genomics Segment Sales
Wed, 04 Oct 2017 12:58:08 GMT
Monsanto Company (MON) reported fourth-quarter profit per share of $0.20 on an ongoing basis, compared to $0.07 in the same period last year. The company said its ongoing EPS results for the quarter were better than initially projected, mostly due to tax benefits and the fact that the company had the opportunity to grant the right to some key corn licenses in Brazil. The latter resulted in a pre-tax benefit of more than $200 million in the fourth quarter of 2017. On average, 15 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.41, for the quarter. Analysts' estimates typically exclude special items. Ongoing net income attributable to Monsanto increased to $82 million from $30 million.
PepsiCo Q3 Profit Tops Estimates; Ups FY EPS View, Cuts Organic Revenue Forecast
Wed, 04 Oct 2017 11:04:22 GMT
Beverages giant PepsiCo, Inc. on Wednesday recorded higher third-quarter earnings, above market estimates, while top line missed their view, despite a slight increase. Further, the company lifted its forecast for fiscal 2017 core earnings per share, above market, while trimmed organic revenue growth rate.
PepsiCo earnings top estimates even as North America beverage sales disappoint
Wed, 04 Oct 2017 10:12:00 GMT
PepsiCo earnings tops Wall Street expectations, despite revenue that fell short of estimates.
Tesco H1 Profit Surges, Says Turnaround Firmly On Track; Resumes Dividend
Wed, 04 Oct 2017 09:24:45 GMT
British retailer Tesco Plc reported Wednesday significant increase in its first-half profit on lower charges, and higher revenues. The company said its turnaround is firmly on track. Further, Tesco resumed its dividend, for the first time since 2014/15 accounting scandal.
Homebuilder Lennar's third-quarter profit rises 5.6 percent
Tue, 03 Oct 2017 10:49:00 GMT
U.S. homebuilder Lennar reported a 5.6 percent rise in quarterly profit on Tuesday, driven by an increase in home sales and higher prices.
Zogenix Inc. (ZGNX) Has Soared To A New High On Phase 3 Study Results
Fri, 29 Sep 2017 13:38:38 GMT
Zogenix Inc. (ZGNX) announced Friday morning that its Phase 3 trial of ZX008, for the treatment of Dravet syndrome, met its primary objective and demonstrated statistically significant improvements versus placebo in all key secondary measures.
Tyson Foods Inc. (TSN) Has Jumped To A 10-Month High After Guidance Increase
Fri, 29 Sep 2017 13:35:11 GMT
Tyson Foods Inc. (TSN) announced after the bell Thursday that it now expects to report full year adjusted EPS of $5.20 to $5.30, up from prior expectations of $4.95 to $5.05.
Conagra Brands Backs FY18 View As Q1 Earnings Beat View; Plans $1.1 Bln Buyback
Thu, 28 Sep 2017 12:27:11 GMT
Packaged food company Conagra Brands, Inc. (CAG) on Thursday reaffirmed its forecast for fiscal 2018 after reporting first-quarter adjusted earnings from continuing operations above market estimates. On a reported basis, attributable net income declined in the quarter. Further, the company said it expects to repurchase approximately $1.1 billion of shares in the fiscal year.
Tuesday Morning Reaffirms Outlook For FY18
Thu, 28 Sep 2017 12:20:27 GMT
Off-price retailer Tuesday Morning Corp. (TUES) Thursday reaffirmed its previously issued outlook for fiscal 2018.
Carnival Q3 Profit Tops Estimates; Updates FY17 Guidance - Quick Facts
Tue, 26 Sep 2017 13:38:01 GMT
Carnival Corporation & plc (CCL, CUK) reported third-quarter adjusted net income of $1.7 billion, or $2.29 per share, higher than adjusted net income of $1.4 billion, or $1.92 per share, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $2.2, for the quarter. Analysts' estimates typically exclude special items.
FactSet Q4 Profit Beats Estimates; Organic Revenues Up 6.3%
Tue, 26 Sep 2017 11:31:42 GMT
FactSet (FDS) reported that its fourth-quarter adjusted EPS rose 12.4% to $1.90. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.89 for the quarter. Analysts' estimates typically exclude special items.
Olive Garden owner's shares crater as hurricanes hit earnings hard
Tue, 26 Sep 2017 11:30:00 GMT
Hurricane Harvey weighed heavily on Darden earnings, causing same-store sales to fall short of expectations.
General Motors (GM) Has Climbed To A New High Following Upgrade
Mon, 25 Sep 2017 13:50:52 GMT
Deutsche Bank upgraded its rating on shares of General Motors (GM) Monday morning to "Buy" from "Hold."
CarMax Inc. (KMX) Has Broken Out To A New High On Strong Q2 Earnings
Fri, 22 Sep 2017 13:48:39 GMT
CarMax Inc. (KMX) reported second quarter EPS of $0.98 Friday morning, up from $0.84 in the prior year period. Analysts expected EPS of $0.95.
CarMax Q2 Profit Rises; Comparable Store Used Unit Sales Up 5.3%
Fri, 22 Sep 2017 11:59:03 GMT
CarMax, Inc. (KMX) reported that its second-quarter net earnings rose 11.7 percent to $181.42 million from $162.36 million in the year ago period, while earnings per share increased 16.7 percent to $0.98 from $0.84 per share last year.
Alnylam Pharmaceuticals Inc. (ALNY) Has Jumped To A New High On Study Results
Wed, 20 Sep 2017 13:36:40 GMT
Alnylam Pharmaceuticals Inc. (ALNY) and Sanofi Genzyme announced Wednesday morning that their Phase 3 study of patisiran, in patients with hereditary ATTR amyloidosis with polyneuropathy, met its primary endpoint and all secondary endpoints.
General Mills Shares Down After Profit, Sales Miss Estimates
Wed, 20 Sep 2017 12:37:37 GMT
General Mills (GIS) reported that its adjusted EPS totaled $0.71 in the first quarter, down 9 percent from the prior year. Constant-currency adjusted EPS also declined 9 percent, reflecting lower adjusted operating profit. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76, for the quarter. Analysts' estimates typically exclude special items. Total segment operating profit of $664 million was down 16 percent in constant currency. Net earnings attributable to General Mills totaled $405 million, down 1 percent from a year ago.
Inditex H1 Profit Rises On Strong LFL Sales, But Margin Down; Stock Dips
Wed, 20 Sep 2017 09:17:36 GMT
Spanish fashion retailer Industria de Dise¤o Textil SA or Inditex reported Wednesday higher profit in its first half with strong like-for-like sales growth growth. EBITDA, a key earnings metric, improved 9 percent, while gross margin declined. Inditex shares were losing around 3 percent in the morning trading.
Oracle's stock sees its worst day in 4 years as a weak earnings forecast is punished on Wall Street
Fri, 15 Sep 2017 15:47:00 GMT
Oracle's first-quarter results were better than expected on both revenue and earnings per share.
Expect Harvey and Irma to return ... in companies' earnings
Fri, 15 Sep 2017 15:44:00 GMT
Hurricanes that cause big damage have a second life: In the earnings calls of big companies in the quarters following the storm.
Oracle stock falls on guidance
Thu, 14 Sep 2017 20:10:00 GMT
Oracle's first-quarter results were better than expected on both revenue and earnings per share.
Kroger's stock pummeled again as investors worry price war chipping away at profits
Fri, 08 Sep 2017 13:35:00 GMT
Kroger has taken the worst beating of any supermarket chain since Amazon announced plans to acquire Whole Foods.
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