Stock Market News
UPDATE 1-Toshiba's Westinghouse to file for U.S. bankruptcy Tuesday-sources
Tue, 28 Mar 2017 17:04:02 +0100
TOKYO, March 29 (Reuters) - U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles with losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said.
Nigeria's crude oil exports to rise in May - loading plans
Tue, 28 Mar 2017 16:56:21 +0100
LONDON, March 28 (Reuters) - Nigeria's crude oil exports are set to rise to 1.66 million barrels per day (bpd) in May, according to a loading programme compiled by Reuters on Tuesday. The programme for the month is up from April's revised loadings and also puts Nigeria just above Angola's planned exports of 1.61 million bpd in May. While Nigeria had consistently been Africa's largest oil exporter, its loadings have fallen below those of Angola several times over the past year as it d
Glencore says agriculture M&A not easy, U.S. deal not a priority
Tue, 28 Mar 2017 16:53:30 +0100
LAUSANNE, March 28 (Reuters) - Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group's agriculture chief said on Tuesday.
UPDATE 1-FDA approves Regeneron, Sanofi $37,000 per year eczema drug
Tue, 28 Mar 2017 16:53:03 +0100
March 28 (Reuters) - The U.S. Food and Drug Administration on Tuesday approved Regeneron Pharmaceuticals Inc and Sanofi SA's Dupixent for treatment of moderate to severe atopic dermatitis, a product widely seen as the most important future growth driver for the two companies.
BRIEF-U.S. FDA says approves new eczema drug Dupixent
Tue, 28 Mar 2017 16:50:49 +0100
* FDA granted the application for Dupixent priority review and breakthrough therapy designation
BRIEF-Norfolk Southern says Robert Bradway would not stand for re-election as director - SEC Filing
Tue, 28 Mar 2017 16:49:18 +0100
* On March 23, 2017, Bradway notified corporation of his decision not to stand for re-election
BRIEF-U.S. list price for Sanofi, Regeneron's Dupixent $37,000
Tue, 28 Mar 2017 16:47:25 +0100
* Says U.S. list price of newly approved Dupixent atopic dermatitis drug $37,000 per patient per yearFurther company coverage: (Reporting by Ben Hirschler)
GLOBAL MARKETS-Stocks up, dollar steady as markets await Fed speakers
Tue, 28 Mar 2017 16:47:20 +0100
* Dollar steady above 4-month lows as markets await Fed speakers
Russia, Ukraine "Damocles sword" hangs over French military deployment
Tue, 28 Mar 2017 16:45:24 +0100
* French military increasingly stretched by overseas operations
BRIEF-Lockheed, Northrop complete initial integration for U.S. Army's modular active protection system
Tue, 28 Mar 2017 16:44:06 +0100
* Lockheed Martin and Northrop Grumman complete initial integration for U.S. Army's modular active protection system Source text for Eikon: Further company coverage:
Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary
Tue, 28 Mar 2017 15:50:22 +0100
Following the lackluster performance in the previous session, stocks continue to show a lack of direction during trading on Tuesday. The major averages have spent the morning bouncing back and forth across the unchanged line.
Darden Restaurants Inc. (DRI) Has Climbed To A New High After Q3 Profit Beat
Tue, 28 Mar 2017 14:37:12 +0100
Darden Restaurants Inc. (DRI) reported third quarter EPS of $1.32 after the bell Monday, up from $1.21 in the previous year. The consensus estimate was for EPS of $1.28.
Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary
Tue, 28 Mar 2017 13:58:24 +0100
After ending the previous session mixed, stocks may continue to show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a modestly lower opening, with the Dow futures down by 28 points.
Street Seems To Be More Optimistic
Tue, 28 Mar 2017 13:11:18 +0100
Indications from U.S. Future Index suggest that Wall Street may open higher on Tuesday. The market seems to be detached to the failure of Obamacare repeal and the shadow cast on President Trump. The U.S. dollar strengthened against other major currencies. Asian shares finished broadly higher, while European shares also are climbing.
Cellect Biotechnology (APOP) Soared To A New High After Stem Cell Transplant
Tue, 28 Mar 2017 12:20:45 +0100
Cellect Biotechnology Ltd. (APOP) announced Monday morning that the first stem cell transplant procedure has been successfully performed using its ApoGraft technology in its Phase I/II clinical trial in a blood cancer patient.
Sensex Rises 172 Points On Global Cues; Nifty Closes Above 9100
Tue, 28 Mar 2017 12:11:27 +0100
Indian shares rebounded on Tuesday after falling notably in the previous session amid uncertain U.S. policy outlook and forecasts of a weak monsoon this year.
Sealed Air Corp. (SEE) Fell To A 5-Month Low After Sale Of Diversey Care
Tue, 28 Mar 2017 12:10:45 +0100
Sealed Air Corp. (SEE) announced Monday morning that it agreed to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division or "New Diversey" to Bain Capital Private Equity for about $3.2 billion.
Paratek Pharmaceuticals Inc. (PRTK) Surged On Phase 3 Study Results
Tue, 28 Mar 2017 12:00:46 +0100
Paratek Pharmaceuticals Inc. (PRTK) and Allergan (AGN) announced Monday morning that two Phase 3 trials of sarecycline for the treatment of moderate to severe acne met their 12 week primary efficacy endpoints.
HCA Holdings Inc. (HCA) Climbed To A New High For The Year
Tue, 28 Mar 2017 11:50:45 +0100
HCA Holdings Inc. (HCA) was one of several healthcare stocks that benefitted from the failure of the Republican healthcare reform bill in the House of Representatives late last week. GOP leaders pulled the bill that looked to repeal and replace Obamacare due to lack of support.
Impax Laboratories Inc. (IPXL) Jumped After New CEO Appointed
Tue, 28 Mar 2017 11:40:45 +0100
Impax Laboratories Inc. (IPXL) announced Monday morning that Paul M. Bisaro has been appointed as its new President and Chief Executive Officer and as a member of its Board of Directors.
G-III Apparel Group (GIII) Sank To A New Low After Weak Q4 Report
Tue, 28 Mar 2017 11:30:45 +0100
G-III Apparel Group (GIII) reported a fourth quarter adjusted loss of $0.16 per share Monday morning, compared to a profit of $0.17 per share last year. Analysts expected a loss of $0.10. The company expects to report a first quarter adjusted loss of $0.45 to $0.35 per share. Street expectations are for a loss of $0.03.
European Shares Mostly Higher Ahead Of Brexit Triggering
Tue, 28 Mar 2017 11:25:59 +0100
European stocks were mostly higher on Tuesday as investors put Trump-related worries on the back burner and reassessed the prospects for tax reform and regulation cuts.
FTSE 100 Fluctuates Ahead Of Brexit Triggering
Tue, 28 Mar 2017 10:48:40 +0100
U.K. shares were marginally lower in choppy trade on Tuesday even as an uptick in oil prices helped underpin energy shares.
CAC 40 Little Changed In Early Trade
Tue, 28 Mar 2017 10:12:09 +0100
French shares held steady on Tuesday, with a modest rise in oil prices and expectations surrounding U.S. President Donald Trump's promised corporate tax cuts and deregulation supporting underlying sentiment on a light day on the economic front.
DAX Rises As Trump Jitters Fade
Tue, 28 Mar 2017 09:58:48 +0100
German shares inched higher in early trade Tuesday as investors put Trump-related worries on the back burner and reassessed the prospects for tax reform and regulation cuts.
Asian Shares Rise As Risk Appetite Improves
Tue, 28 Mar 2017 09:03:52 +0100
Most Asian stocks rose on Tuesday as investors shrugged off U.S. President Donald Trump's drubbing on health care and turned hopeful that the White House will take a lead role in crafting legislation to overhaul the U.S. tax code, which has bi-partisan support across the country.
European Shares Seen Up In Cautious Trade
Tue, 28 Mar 2017 07:01:37 +0100
European stocks are poised to open higher on Tuesday after Wall Street stocks steadied and the dollar rebounded from a four-month low against major peers, helped by reports that the Trump administration is pressing ahead with other items on its agenda including tax reforms.
Sensex Rises 125 Points In Early Trade; Nifty Nears 9100
Tue, 28 Mar 2017 05:15:59 +0100
Indian shares opened higher on Tuesday after the Modi government said it is eager to pass GST Bills in the ongoing Parliament session.
Asian Markets Rebound
Tue, 28 Mar 2017 04:28:21 +0100
Asian stock markets rebounded on Tuesday, as investors shrugged off the mixed cues overnight from Wall Street and disappointment from U.S. President Donald Trump's inability to advance the healthcare bill to repeal and replace Obamacare.
Sensex, Nifty Seen Up On GST Roll Out Hopes
Tue, 28 Mar 2017 03:45:49 +0100
Indian shares may open higher on Tuesday after the Modi government said it is eager to pass GST Bills in the ongoing Parliament session despite objections raised by some Opposition parties over the manner the government had moved the proposed legislation and related changes in existing laws.
Japanese Market Rises
Tue, 28 Mar 2017 03:17:47 +0100
The Japanese stock market is notably higher on Tuesday despite the mixed cues from Wall Street and as a weaker yen lifted exporters' shares.
Thai Bourse May Remain Stuck In Neutral
Tue, 28 Mar 2017 03:00:45 +0100
The Thai stock market on Monday snapped the two-day winning streak in which it had gained almost 7 points or 0.4 percent. The Stock Exchange of Thailand now rests just above the 1,570-point plateau, and the market is looking at another narrow trading range again on Tuesday.
Australian Market Advances
Tue, 28 Mar 2017 02:50:13 +0100
The Australian stock market is advancing on Tuesday, shrugging off the lackluster cues overnight from Wall Street and lower commodity prices. Banks, mining and oil stocks are higher.
Hong Kong Shares May Open Under Pressure
Tue, 28 Mar 2017 02:15:45 +0100
The Hong Kong stock market on Monday ended the two-day winning streak in which it had gathered almost 40 points or 0.2 percent. The Hang Seng Index now rests just beneath the 24,200-point plateau, and the market may take further damage on Tuesday.
Mild Pressure Tipped For China Stock Market
Tue, 28 Mar 2017 02:00:45 +0100
The China stock market on Monday ended the two-day winning streak in which it had gathered almost 25 points or 0.8 percent. The Shanghai Composite Index now rests just above the 3,265-point plateau, and the market may extend its losses on Tuesday.
Taiwan Stock Market May Find Traction
Tue, 28 Mar 2017 01:30:45 +0100
The Taiwan stock market has finished lower in back-to-back sessions, retreating almost 55 points or 0.6 percent in that span. The Taiwan Stock Exchange now rests just above the 9,875-point plateau, although the market may get a boost from the technology shares on Tuesday.
Singapore Market Draws Flat Lead For Tuesday
Tue, 28 Mar 2017 01:00:45 +0100
The Singapore stock market on Monday wrote a finish to the two-day winning streak in which it had gained almost 25 points or 0.8 percent. The Straits Times Index now rests just above the 3,125-point plateau, and the market may tick lower again on Tuesday.
Malaysia Stock Market May Remain Rangebound
Tue, 28 Mar 2017 00:30:45 +0100
The Malaysia stock market gave up less than a point on Monday - but that was enough to extend its losing streak to four sessions, slipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index fell just below the 1,745-point plateau, and the market is expected to see little movement again on Tuesday.
Tech Shares May Support South Korea Stocks
Tue, 28 Mar 2017 00:00:45 +0100
The South Korea stock market has moved lower in two straight sessions, sliding more than 15 points or 0.6 percent along the way. The KOSPI now rests just above the 2,155-point plateau, although the market may see mild traction on Tuesday.
Darden Restaurants to buy Cheddar's Scratch Kitchen for $780 million
Mon, 27 Mar 2017 21:59:00 +0100
Olive Garden owner Darden Restaurants said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.
Stocks Close Flat Following Choppy Trading Day - U.S. Commentary
Mon, 27 Mar 2017 21:53:31 +0100
After initially coming under pressure, stocks showed a lack of direction during trading on Monday. The major averaged spent the day bouncing back and forth across the unchanged line.
Stocks Remain Mostly Negative In Mid-Day Trading - U.S. Commentary
Mon, 27 Mar 2017 17:06:36 +0100
After showing a notable move to the downside early in the session, stocks have climbed well off their worst levels of the day. The major averages have rebounded off their early lows and back near the unchanged line.
Stocks Recover From Initial Sell-Off But Remain Mostly Lower - U.S. Commentary
Mon, 27 Mar 2017 15:41:18 +0100
After seeing initial weakness, stocks have climbed off their worst levels of the morning but remain mostly negative on Monday. The major averages are adding to the losses posted last week.
Wall Street Might Open Broadly Lower
Mon, 27 Mar 2017 13:48:45 +0100
Initial trading in the U.S. future index is pointing to a lower opening for Wall Street. The market may be resonating to the failed Obamacare repeal and the doubts about President Trumps ability to fulfill his promises. U.S. dollar slipped against its major counterparts. Asian shares finished in the red, while European share are broadly down.
Stocks May Come Under Pressure Amid Weakness Overseas - U.S. Commentary
Mon, 27 Mar 2017 13:39:27 +0100
Following the pullback seen last week, stocks may see some further downside in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 143 points.
U.S. Concrete Inc. (USCR) Dropped After CFO Steps Down
Mon, 27 Mar 2017 12:30:44 +0100
U.S. Concrete Inc. (USCR) announced Friday that its CFO, Joseph C. "Jody" Tusa, Jr., is stepping down effective July 1. The company cited "personal reasons" for his decision to leave.
Skechers USA Inc. (SKX) Climbed To An 8-Month High After Upgrade
Mon, 27 Mar 2017 12:20:44 +0100
Cowen upgraded its rating on shares of Skechers USA Inc. (SKX) Friday morning to "Outperform" from "Market Perform."
Sensex Drops 188 Points On Global Cues; Nifty Dips Below 9050
Mon, 27 Mar 2017 12:19:30 +0100
Indian shares fell notably on Monday after the Trump administration failed to pass its healthcare bill and private weather forecaster Skymet predicted a below normal rainfall for the June to September south-west monsoon season.
GameStop Corp. (GME) Dropped To Over A 4-Month Low On Weak Q4 Sales
Mon, 27 Mar 2017 12:10:44 +0100
GameStop Corp. (GME) reported fourth quarter EPS of $2.38 after the close Thursday, down from $2.40 a year ago. Revenues fell 13.6% to $3.05 billion from $3.53 billion last year. Street expectations were for EPS of $2.29 and revenues of $3.1 billion.
Finish Line Inc. (FINL) Sank To A New Low After Q4 Earnings Disappoint
Mon, 27 Mar 2017 12:00:44 +0100
Finish Line Inc. (FINL) reported fourth quarter EPS of $0.50 Friday morning, down from $0.85 a year ago. Street expectations were for EPS of $0.71.
Xenon Pharmaceuticals Inc. (XENE) Plunged To A New Low After Study Failed
Mon, 27 Mar 2017 11:50:44 +0100
Xenon Pharmaceuticals Inc. (XENE) announced Friday morning that its Phase 2 study of XEN801 in patients with moderate to severe acne did not demonstrate a statistically significant difference from vehicle placebo in its primary endpoint.
Micron Technology (MU) Broke Out To A New High On Strong Q2 Earnings
Mon, 27 Mar 2017 11:40:44 +0100
Micron Technology (MU) reported second quarter EPS of $0.90 after the bell Thursday, up from $0.01 in the prior year period. The consensus estimate was for EPS of $0.85.
HTG Molecular Diagnostics (HTGM) Soared To A New High For The Year
Mon, 27 Mar 2017 11:30:44 +0100
HTG Molecular Diagnostics (HTGM) reported a fourth quarter net loss of $0.76 per share after the bell Thursday, compared to the loss of $0.83 per share last year. Revenue came in at $1.5 million, up from $1.2 million last year.
European Shares Broadly Lower After US Healthcare Bill Setback
Mon, 27 Mar 2017 11:16:35 +0100
European markets were trading lower on Monday, although stocks recouped some early losses following a report on German business sentiment that easily topped forecasts.
FTSE 100 Hovers Near One-month Low
Mon, 27 Mar 2017 10:48:34 +0100
U.K. shares fell for a second consecutive session on Monday as uncertainties over U.S. policy outlook lifted pound to a seven-week high against the dollar and investors waited to see whether Prime Minister Theresa May will trigger Article 50 of the EU treaty on Wednesday, which initiates the formal process of leaving the European Union after two years.
Micron Technology (MU) Has Surged To A New High On Strong Q2 Earnings
Fri, 24 Mar 2017 13:32:50 +0000
Micron Technology (MU) reported second quarter EPS of $0.90 after the bell Thursday, up from $0.01 in the prior year period. The consensus estimate was for EPS of $0.85.
Accenture (ACN) Pulled Back From The Highs Of The Year After Q2 Report
Fri, 24 Mar 2017 11:40:43 +0000
Accenture (ACN) reported second quarter EPS of $1.33 Thursday morning, down from $1.34 last year. The consensus estimate was for EPS of $1.30. The company now expects to report full year adjusted EPS of $5.70 to $5.87, compared with prior guidance of $5.64 to $5.87.
Cintas Corp. (CTAS) Climbed To A New High On Q3 Results
Fri, 24 Mar 2017 11:30:43 +0000
Cintas Corp. (CTAS) reported third quarter EPS of $1.08 after the bell Wednesday, up from $1.05 a year ago. Analysts expected EPS of $1.07.
Alphabet (GOOG) Tumbled As Advertisers Exit YouTube
Fri, 24 Mar 2017 11:20:42 +0000
Johnson & Johnson (JNJ) and JPMorgan Chase & Co. (JPM) have joined the ranks of companies that have suspended all digital advertising on YouTube due to concerns that their ads may have appeared alongside offensive videos. Verizon Communications (VZ) and AT&T (T) did the same earlier this week.
Ultragenyx Pharmaceutical (RARE) Fell To A 6-Week Low On Study Results
Fri, 24 Mar 2017 11:10:42 +0000
Ultragenyx Pharmaceutical (RARE) announced after the close Wednesday that it Phase 2 study of UX007 in glucose transporter type-1 deficiency syndrome patients with seizures did not meet the primary endpoint.
Five Below Inc. (FIVE) Rose To A 2-Month High After Q4 Profit Beat
Fri, 24 Mar 2017 11:00:42 +0000
Five Below Inc. (FIVE) reported fourth quarter EPS of $0.90 after the bell Wednesday, up from $0.77 in the previous year. Analysts expected EPS of $0.89. The company expects to report first quarter EPS of $0.12 to $0.14 and full year EPS of $1.55 and $1.61. Street expectations are for EPS of $0.14 and $1.58.
PVH Corp. (PVH) Set A 3-Month High After Strong Q4 Report
Fri, 24 Mar 2017 10:50:42 +0000
PVH Corp. (PVH) reported fourth quarter EPS of $1.23 after the close Wednesday, down from $1.52 last year. The consensus estimate was for EPS of $1.19.
Shares of Calvin Klein owner PVH on pace for best day since 2014
Thu, 23 Mar 2017 20:12:00 +0000
Shares of Calvin Klein owner PVH climb after the company reports quarterly earnings that beat expectations.
ConAgra Brands Forecasts FY17 Earnings At High End Of Guidance
Thu, 23 Mar 2017 12:30:00 +0000
Food producer ConAgra Brands Inc. (CAG) on Thursday updated its fiscal 2017 forecast for adjusted earnings and net sales.
Actuant Corp. (ATU) Fell To A 2-Week Low After Drop In Q2 Earnings
Thu, 23 Mar 2017 11:10:42 +0000
Actuant Corp. (ATU) reported second quarter EPS of $0.11 Wednesday morning, down from $0.21 in the previous year. Third quarter EPS is expected to be between $0.38 and $0.43. The company also narrowed its full year EPS forecast to between $1.10 and $1.20, from prior expectations of $1.10 to $1.30.
FedEx Corp. (FDX) Climbed Despite Weaker Than Expected Q3 Profit
Thu, 23 Mar 2017 11:00:44 +0000
FedEx Corp. (FDX) reported third quarter EPS of $2.35 after the bell Tuesday, down from $2.51 in the previous year. The consensus estimate was for EPS of $2.62.
Duluth Holdings Inc. (DLTH) Jumped To A 3-Week High After Q4 Earnings Beat
Thu, 23 Mar 2017 10:50:42 +0000
Duluth Holdings Inc. (DLTH) reported fourth quarter adjusted EPS of $0.37 after the bell Tuesday, which topped the consensus estimate of $0.34.
Sears Holdings Corp. (SHLD) Dropped On Survival Concerns
Thu, 23 Mar 2017 10:40:42 +0000
Sears Holdings Corp. (SHLD) has acknowledged its concerns about its ability to continue as a going concern after struggling for years with losses and declining sales.
Nike Inc. (NKE) Tumbled To A 6-Week Low After Q3 Sales Missed
Thu, 23 Mar 2017 10:30:41 +0000
Nike Inc. (NKE) reported third quarter EPS of $0.68 after the close Tuesday, up from $0.55 a year ago. Revenues rose 5.0% to $8.43 billion from $8.03 billion last year. The consensus estimates were for EPS of $0.53 and revenues of $8.47 billion.
J. M. Smucker (SJM) Fell To A 1-Month Low After Downgrade
Wed, 22 Mar 2017 11:20:41 +0000
Bernstein downgraded its rating on shares of J. M. Smucker (SJM) Tuesday morning to "Underperform" from "Market Perform."
Campbell Soup Co. (CPB) Dropped To A 3-Month Low After Downgrade
Wed, 22 Mar 2017 11:10:41 +0000
Bernstein downgraded its rating on shares of Campbell Soup Co. (CPB) Tuesday morning to "Underperform" from "Market Perform."
Dr. Reddy's Laboratories (RDY) Sank To A New Low For The Year
Wed, 22 Mar 2017 11:00:41 +0000
Dr. Reddy's Laboratories (RDY) gapped open sharply lower Tuesday and declined for the bulk of the session. Shares finished with a loss of 2.66 at $39.05 on above average volume.
Panera Bread (PNRA) Climbed To A New High For The Year
Wed, 22 Mar 2017 10:50:41 +0000
Panera Bread (PNRA) was range-bound for the bulk of Tuesday's session, but rose steadily during the final 90 minutes of trade. The stock closed up by 2.16 at $240.77.
PG&E Corp. (PCG) Broke Out To A New High For The Year
Wed, 22 Mar 2017 10:40:41 +0000
PG&E Corp. (PCG) climbed during the first 2 hours of trade Tuesday and took out the session highs around mid-afternoon. The stock closed up by 1.15 at $67.31.
Silicom Ltd. (SILC) Soared To A New High On Order News
Wed, 22 Mar 2017 10:30:41 +0000
Silicom Ltd. (SILC) announced Tuesday morning that it has received initial purchase orders in the aggregate amount of $17 million for a customized version of its 100-Gigabit high bandwidth switch fabric on a NIC cloud solution.
Nike's revenue misses estimates as rivals gain ground
Wed, 22 Mar 2017 10:24:00 +0000
Nike reported lower-than-expected revenue as it battles for market share in North America with a resurgent Adidas and a fast-growing Under Armour.
FedEx misses on earnings, but sees higher margins ahead
Wed, 22 Mar 2017 10:16:00 +0000
FedEx reported worse-than-expected operating earnings, but an optimistic outlook for margins in the near-term soothed investor concerns and pushed the stock higher.
BMW Sees Slight Growth In FY17 Profit After Higher FY16 Results; Stock Up
Tue, 21 Mar 2017 11:57:47 +0000
Shares of BMW Group traded around 2 percent higher after the German auto giant said Tuesday that it expects slight increase in fiscal 2017 profit before tax and that its business is expected to develop positively. In its fiscal 2016, the company reported higher earnings with increased sales volume.
Cheerios maker General Mills' sales fall for seventh straight quarter
Tue, 21 Mar 2017 11:57:00 +0000
Net sales slipped to $3.79 billion in the third quarter ended Feb. 26 from $4 billion a year earlier, marking the seventh straight quarterly decline.
General Mills Q3 Profit Tops Estimates, Organic Sales Down 5%; Reaffirms Outlook
Tue, 21 Mar 2017 11:31:31 +0000
General Mills (GIS) reported third-quarter adjusted EPS of $0.72, up 11 percent from the prior year. Constant-currency adjusted EPS increased 8 percent. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.71, for the quarter. Analysts' estimates typically exclude special items.
Adobe Systems Inc. (ADBE) Has Surged To A New High On Strong Q1 Earnings
Fri, 17 Mar 2017 13:36:48 +0000
Adobe Systems Inc. (ADBE) reported first quarter adjusted EPS of $0.94 after the bell Thursday, up from $0.66 in the prior year period. Analysts expected EPS of $0.87.
Tiffany Sees Higher Earnings, Sales In FY17 After Q4 Results Top View
Fri, 17 Mar 2017 12:11:59 +0000
Luxury jeweler and specialty retailer Tiffany & Co. on Friday said it expects higher earnings and sales in fiscal 2017, after reporting fourth-quarter results above market estimates. In pre-market activity on the NYSE, Tiffany shares were gaining 3.36 percent.
Jeweler Tiffany's profit beats on strong demand in Japan, China
Fri, 17 Mar 2017 11:26:00 +0000
Tiffany reported better-than-expected quarterly profit, helped by strong demand for its jewelry in Japan and China, as well as price hikes and lower costs.
Fraport AG FY16 Profit Rises, Revenue Down 0.5%; Proposes To Increase Dividend
Fri, 17 Mar 2017 06:33:15 +0000
Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK) reported that its fiscal 2016 Group result (net profit) increased by 34.8 percent to 400.3 million euros from 297.0 million euros, last year. Fraport noted that, without the special items and unscheduled depreciation and amortization, fiscal 2016 Group result would only have reached about 296 million euros. Profit to shareholders was 375.4 million euros compared to 276.5 million euros, prior year. Basic earnings per share was 4.07 euros compared to 3.00 euros.
Oracle Corp. (ORCL) Has Jumped To A New High On Strong Q3 Earnings
Thu, 16 Mar 2017 13:34:38 +0000
Oracle Corp. (ORCL) reported third quarter adjusted EPS of $0.69 after the bell Wednesday, up from $0.64 last year. The consensus estimate was for EPS of $0.62.
Nucor Provides Q1 Outlook
Thu, 16 Mar 2017 13:24:32 +0000
Nucor Corp. (NUE) Thursday announced first quarter outlook in a range of $1.10 to $1.5 per share. The projection include purchase accounting charges of $11.5 million or $0.02 per share, related to Southland Tube and Republic Conduit acquisitions. In the previous year, the company has recorded $0.27 per share.
Lufthansa Sees Slightly Lower FY17 Adj. EBIT After Wider Q4 Net Loss; Stock Up
Thu, 16 Mar 2017 11:44:11 +0000
German airline group Deutsche Lufthansa AG Thursday said it expects slightly lower adjusted EBIT, a key earnings metric, in its fiscal 2017, after reporting wider net loss in its fourth quarter. The shares were gaining around 4 percent in German trading. The company said that reduction in unit costs are expected to continue to offset a large part of higher fuel costs and lower unit revenues...
Guess Shares Down 10% On Weak Results
Wed, 15 Mar 2017 20:52:33 +0000
Shares of Guess Inc. (GES) slipper over 10 percent on extended hours on Wednesday after the apparel retailer reported a fourth-quarter earnings and revenues that missed Wall Street expectations.
Oracle Profit Rises On Cloud Revenues - Update
Wed, 15 Mar 2017 20:34:33 +0000
Business software giant Oracle Corp. (ORCL), Wednesday reported an increase in profit for the third quarter, as revenues grew 3 percent reflecting strong growth in cloud revenues. Earnings for the quarter trumped Wall Street estimates, while revenues fell short of expectations.
E.ON Stock Dips On Wider Loss; Sees Higher FY17 Adj. Earnings; Plans To Cut Debt
Wed, 15 Mar 2017 09:54:39 +0000
Shares of E.ON AG declined around 3 percent in the morning trading in Germany after the utility reported Wednesday a sharply wider loss in its fiscal 2016, attributable to Uniper spinoff and nuclear energy. For fiscal 2017, the company projects higher adjusted earnings as well as increased dividend. Further, E.ON plans to reduce economic net debt.
Kopin Q4 Net Loss Narrows
Mon, 13 Mar 2017 12:21:34 +0000
Kopin Corp. (KOPN) Monday announced a narrower net loss of $5.189 million for the fourth quarter compared to $6.961 million in the previous week. On a per share basis, loss was $0.08, narrower than $0.11 last year.
JetBlue Airways February Traffic Edges Up 0.1%, Capacity Up 0.7% - Quick Facts
Fri, 10 Mar 2017 12:12:13 +0000
JetBlue Airways Corp. (JBLU) reported that its traffic in February 2017 edged up 0.1 percent from the same period last year on a capacity increase of 0.7 percent.
Regal Beloit Updates Enterprise Strategy; Affirms FY17 Earnings Outlook
Fri, 10 Mar 2017 11:13:57 +0000
Regal Beloit Corp. (RBC) provided an update today on the company's enterprise strategy and announced new three-year performance goals.
American Airlines February Traffic, Capacity Decline; Lowers Q1 TRASM Outlook
Thu, 09 Mar 2017 12:26:34 +0000
American Airlines Group Inc. (AAL) on Thursday reported its February and year-to-date 2017 traffic results.
Sears Holdings Q4 Loss Widens
Thu, 09 Mar 2017 11:17:16 +0000
Sears Holdings Corp.(SHLD) reported a wider loss for the fourth-quarter ended January 28, 2017, reflecting higher impairment charges and lower revenue. The year-over-year 17 percent decline in revenues was primarily attributable to having fewer Kmart and Sears Full-line stores in operation.
Merck KgaA Q4 Profit Soars, Sees Stable Earnings In FY17; Stock Dips
Thu, 09 Mar 2017 08:41:02 +0000
Shares of Merck KgaA were losing around 4 percent in the morning trading in Germany after the drug major on Thursday said it expects stable adjusted EBITDA, a key earnings metric, in fiscal 2017. Meanwhile, the company recorded a fourth-quarter profit that more than doubled from last year with increased sales. The company also announced higher dividend.
Children's Place shares soar after earnings beat, dividend doubles
Wed, 08 Mar 2017 22:32:00 +0000
The children's apparel retailer reported adjusted fourth-quarter earnings of $1.88 per share on revenue of $520.8 million.
Shares of this up-and-coming beauty brand shoot 14 percent higher following big earnings beat
Wed, 08 Mar 2017 21:52:00 +0000
The firm applies a fast-fashion model to color cosmetics.
Children's Place Inc. (PLCE) Has Broken Out To A New High On Strong Q4 Profit
Wed, 08 Mar 2017 13:35:41 +0000
Children's Place Inc. (PLCE) reported fourth quarter EPS of $1.88 Wednesday morning, up from $1.19 a year ago. Analysts expected EPS of $1.59.
Deutsche Post Profit Up, Lifts Dividend; Sees Higher FY17 Earnings; Stock Dips
Wed, 08 Mar 2017 08:31:47 +0000
Mail and logistics group Deutsche Post DHL Group (DPSGY.PK) reported Wednesday higher profit in its fourth quarter, while revenues edged up 0.5 percent. Further, the company announced higher dividend, and said it sees increased earnings in fiscal 2017. Deutsche Post shares were around 2 percent lower in the morning trading in Germany.
TG Therapeutics Inc. (TGTX) Has Soared To A New High On Phase 3 Study Results
Mon, 06 Mar 2017 13:34:16 +0000
TG Therapeutics Inc. (TGTX) announced Monday morning that its Phase 3 trial of TG-1101 plus ibrutinib in patients with previously treated high risk Chronic Lymphocytic Leukemia met its primary endpoint.
Monster Beverage shares climb after earnings, stock buyback plan
Thu, 02 Mar 2017 21:17:00 +0000
The company's board approved a buyback program for the repurchase of up to $500 million its outstanding common stock.
Kroger same-store sales miss as grocer price war intensifies
Thu, 02 Mar 2017 14:01:00 +0000
Kroger reported a surprise decline in holiday-quarter same-store sales on Thursday as competition in the grocery industry in the United States intensified.
Broadcom Ltd. (AVGO) Has Leaped To A New High On Strong Q1 Earnings
Thu, 02 Mar 2017 13:35:38 +0000
Broadcom Ltd. (AVGO) reported first quarter EPS of $3.63 after the close Wednesday, up from $2.41 in the prior year period. The consensus estimate was for EPS of $3.46.
Orient Paper Q4 Profit Surges 66% - Quick Facts
Thu, 02 Mar 2017 12:15:32 +0000
Orient Paper Inc. (ONP), a China-based maker of diversified paper products, reported a 66 percent surge in profit for the fourth quarter from last year, while revenues declined.
L Brands February Comps Down 13% - Quick Facts
Thu, 02 Mar 2017 11:24:06 +0000
L Brands, Inc. (LB) reported net sales of $765.5 million for the four weeks ended February 25, 2017, a decrease of 10 percent from net sales of $849.3 million in the year-ago period. Comparable sales for the month decreased 13 percent.
AB InBev suffers first core profit decline on Brazil slump
Thu, 02 Mar 2017 11:18:00 +0000
Anheuser-Busch InBev suffered its first decline in core earnings since its formation over a decade ago as Brazil depressed beer sales by even more than expected.
Deutsche Telekom Stock Dips On Q4 Loss; Sees Growth In FY17
Thu, 02 Mar 2017 09:43:28 +0000
Shares of Deutsche Telekom AG were trading around 2 percent lower in Germany after the telecom giant reported hefty loss in its fourth quarter, compared to last year's profit, mainly impacted by one-time impairment loss. However, revenues were higher on strong U.S. business. Looking ahead, Deutsche Telekom said it plans to continue its profitable growth course in 2017.
LafargeHolcim Posts Profit, Sees Higher FY17 Results; Plans Buyback; Stock Up
Thu, 02 Mar 2017 08:03:02 +0000
Shares of LafargeHolcim were gaining around 5 percent in the morning trading in Zurich after the Swiss cement giant reported Thursday a profit in its fourth quarter, compared to loss last year, despite weak revenues and volumes.
Melrose Industries Slips To Loss In FY16 - Quick Facts
Thu, 02 Mar 2017 07:08:13 +0000
Melrose Industries Plc. (MRO.L) reported that loss attributable to owners of the parent for fiscal year 2016 was 39.0 million pounds or 2.6 pence per share, compared to profit of 1.41 billion pounds or 25.8 pence per share last year.
Travis Perkins FY16 Pre-tax Profit Down 67.4%, But Revenues Rise - Quick Facts
Thu, 02 Mar 2017 06:35:44 +0000
Travis Perkins Plc. (TPK.L), an operator in the builders' merchant and home improvement markets, reported a 67.4 percent decline in pre-tax profit for fiscal 2016.
LafargeHolcim Turns To Profit In Q4, But Sales Decline - Quick Facts
Thu, 02 Mar 2017 05:22:23 +0000
Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, reported Thursday that its fourth-quarter net income was 535 million Swis francs, compared to loss of 2.86 billion Swiss francs last year.
Box hits goal on positive free cash flow, quarterly results beat Street
Wed, 01 Mar 2017 21:22:00 +0000
The enterprise cloud technology company has seen shares rise more than 50 percent over the past year.
Valeant Sales Drop; Plans To Relaunch 'Female Viagra'
Wed, 01 Mar 2017 13:52:00 +0000
Canadian drug-maker Valeant Pharmaceuticals International, Inc. on Tuesday reported a loss for the fourth quarter that widened from last year on a double-digit decline in revenues. However, both revenue and adjusted earnings beat analysts' estimates. Valeant also said it plans to relaunch its sexual dysfunction drug Addyi in the U.S.
Lowe's narrows the gap with Home Depot with strong earnings beat, issues rosy outlook
Wed, 01 Mar 2017 13:13:00 +0000
The home improvement sector has been a rare outperformer in retail.
Dollar Tree Sees Q1 Earnings Below Estimates; FY17 Earnings In-line
Wed, 01 Mar 2017 11:56:20 +0000
While reporting its fourth-quarter financial results today, Dollar Tree (DLTR) provided its financial outlook for the first quarter and fiscal 2017. The company forecast earnings for the first quarter below analysts' estimates, while fiscal 2017 earnings are projected in line with their expectations.
Best Buy Sees Q1 Results Below Estimates; Lifts Dividend; Plans $3 Bln Buyback
Wed, 01 Mar 2017 11:48:12 +0000
Electronics retailer Best Buy Co., Inc. Wednesday issued guidance for first-quarter adjusted earnings and revenues, below market estimates. Comparable sales are expected to be weak. For fiscal 2018, the company projects higher revenues and operating income. In its fourth quarter, the company posted higher profit, above market view, while revenues missed estimates with lower comparable sales.
Eni SpA Posts Profit In Q4 On Higher Sales; Stock Up
Wed, 01 Mar 2017 09:31:26 +0000
Italian oil and gas company Eni SpA reported Wednesday a net profit in its fourth quarter, compared to last year's hefty loss. Sales increased from last year, despite weakness in Exploration & Production segment. Eni shares were gaining around 3 percent in Italy.
Ahold Delhaize Q4 Operating Income Climbs, Lifts Dividend; Stock Up
Wed, 01 Mar 2017 08:12:45 +0000
Food retailer Koninklijke Ahold Delhaize N.V. reported Wednesday that its fourth-quarter net profit declined from last year, while operating income grew 25.8 percent. Net sales climbed, benefited by the Delhaize merger. Further, the company lifted its dividend. In Amsterdam, Ahold Delhaize shares were trading around 3 percent higher.
Suez Environnement FY16 Net Income Group Share Rises - Quick Facts
Wed, 01 Mar 2017 06:57:50 +0000
French utility Suez Environnement Co SA (SZEVF.PK, SZEVY.PK) reported that its net income Group share for fiscal 2016 rose 3.1 percent to 420 million euros from 408 million euros in the prior year. Earnings per share rose 4.3 percent to 0.72 euros.
NutriSystem Inc. (NTRI) Has Jumped To A New High On Strong Q4 Earnings
Tue, 28 Feb 2017 13:36:11 +0000
NutriSystem Inc. (NTRI) reported fourth quarter EPS of $0.29 after the bell Monday, up from $0.13 in the previous year. Street expectations were for EPS of $0.22. The company expects to report first quarter EPS of $0.14 to $0.19 and full year 2017 EPS of $1.55 to $1.65. The consensus estimates are for EPS of $0.11 and $1.40.
Target shares plunge on earnings shortfall and weak outlook on sales
Tue, 28 Feb 2017 12:28:00 +0000
Target has been struggling to keep up with Wal-Mart.
Shares of auction house Sotheby's soar on earnings beat
Mon, 27 Feb 2017 21:43:00 +0000
Shares of Sotheby's climbed more than 15 percent to reach a 52-week intraday high Monday.
Shares of Shutterstock dive after earnings, sales miss
Mon, 27 Feb 2017 21:42:00 +0000
Shutterstock shares plunged after the photo and video company reported a fourth-quarter earnings and revenue miss on Monday.
La Jolla Pharmaceutical (LJPC) Has Surged To A New High On Phase 3 Results
Mon, 27 Feb 2017 13:36:53 +0000
La Jolla Pharmaceutical (LJPC) announced Monday morning that its Phase 3 study of LJPC-501 in patients with catecholamine resistant hypotension was highly statistically significant in terms of its primary endpoint. Only 23% of the 158 placebo-treated patients had a blood pressure response compared to 70% of the 163 LJPC-501-treated patients.
JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead
Fri, 24 Feb 2017 15:05:00 +0000
In January, J.C. Penney CEO Marvin Ellison said the department store chain was getting ready to downsize its fleet.
Kohl's quarterly profit beats on higher margins
Thu, 23 Feb 2017 13:25:00 +0000
Department store operator Kohl's reported a better-than-expected quarterly profit, helped by higher margins despite a 2.8 percent drop in sales.
Barclays reports worse-than-expected profit for 2016
Thu, 23 Feb 2017 08:15:00 +0000
Barclays reported worse-than-expected net profits for 2016, but posted a surprise uptick in its capital buffers as the U.K.-based bank nears the end of a major restructuring program.
Peyton Manning is ruining Papa John's first quarter
Wed, 22 Feb 2017 23:42:00 +0000
Having your spokesperson win a Super Bowl does wonders for sales growth, but lapping those numbers can get a bit tricky.
Macy's looking for ways to move away from coupons as sales, profits slip
Tue, 21 Feb 2017 17:44:00 +0000
Macy's kicked off department store earnings Tuesday morning.
Wal-Mart's US stores just had their best quarter in more than four years
Tue, 21 Feb 2017 13:05:00 +0000
Analysts had expected the low-price chain to earn $1.29 a share on $131.2 billion in revenue.
Home Depot blows past Wall Street expectations, buoyed up by healthy housing market
Tue, 21 Feb 2017 11:00:00 +0000
Home Depot's comparable sales also topped Wall Street estimates.
HSBC blames 'largely unexpected economic and political events' for 62 percent drop in annual pre-tax profit
Tue, 21 Feb 2017 06:08:00 +0000
HSBC Holdings' 2016 pre-tax profit fell 62 percent, below analysts' estimates, as it grappled with slowing economic growth in its core markets.
Shares of Stericycle bounce on earnings, revenue beat
Thu, 16 Feb 2017 19:27:00 +0000
The waste management company posted earnings of $1.00 per share on revenue of $906.4 million for the fourth quarter.
MGM stock sinks 9 percent after fourth-quarter results disappoint on Vegas weakness
Thu, 16 Feb 2017 17:28:00 +0000
MGM Resorts saw its stock plummet 9 percent after fourth-quarter results fell short of analysts' estimates.
Avon shares plunge after earnings, sales miss on weak demand
Thu, 16 Feb 2017 14:53:00 +0000
Cosmetics maker Avon Products reported fourth-quarter revenue and profit that missed estimates as demand slipped in all but one of its markets.
Data storage company NetApp shares rise after earnings beat
Thu, 16 Feb 2017 14:51:00 +0000
Shares of NetApp rose in early trade Thursday after the data storage company announced an earnings beat.
Wendy's same-restaurant sales rise 0.8%, beat estimates
Thu, 16 Feb 2017 12:31:00 +0000
U.S. burger chain Wendy's reported higher-than-expected quarterly sales at established restaurants as it attracted more diners with its value meals.
Time Inc.'s quarterly revenue falls slightly
Thu, 16 Feb 2017 11:53:00 +0000
Time Inc. reported a 1.1 percent fall in quarterly revenue on Thursday due to a stronger dollar.
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