Blockbuster Movies Propel Disney's Earnings Disney ( DIS ) reported fiscal first quarter earnings after the bell today, posting an EPS of $1.04, beating the Zacks Consensus Estimate of $0.91. On the revenue front, Disney beat the Zacks Revenue Estimate of $12.23 billion, by posting revenues of $12.3 billion. This beat the year ago numbers ($0.79 EPS, and $11.34 billion revenues) by 32%, and 9% respectfully […]
Comcast Corporation ( CMCSA ) — the largest cable MSO in the U.S. — has planned to enhance its in-house TV streaming services for Xfinity TV subscribers by launching cloud computing technology-supported X1 DVR devices in Boston. Later, it plans to deliver this service to other regions. […]
Netflix Inc. ( NFLX ) recently announced that it will raise $400.0 million by issuing senior notes. The company expects to use the net proceeds to fund its international expansions as well as corporate expenditures […]
On Feb 4, Zacks Investment Research upgraded Manitowoc Company, Inc. ( MTW ), a leading manufacturer of commercial foodservice equipment and cranes, to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]
International oil and gas major TOTAL S.A. ( TOT ) has decided to shed its 15% interest in offshore Angola Block 15/06 to Sonangol E&P. TOTAL intends to concentrate more on assets (in Angola) in which it has a majority working interest […]
Pipeline updates are highly awaited events in the pharma/biotech sector as they play an important role in deciding whether or not to invest in a particular company. Pipelines are of prime importance as far as pharma/biotech companies are concerned. These companies spend a significant amount in advancing their pipelines […]
Universal Pasteurization Announces Acquisition Of Assets Of HPP Services Provider, Global Leading Foods Acquisition Provides key Southwest Location as Part of UPC’s Expansion Strategy PR Newswire LINCOLN, Neb., Feb. 5, 2014 LINCOLN, Neb. […]
U.K.-based drilling contractor Ensco plc ( ESV ) has received $33 million from the sale of its two cold-stacked jackup rigs. The two rigs – ENSCO 69 and Wisconsin – both built in 1976 had a net book value of around $9 million. […]
Northeast Utilities ( NU ) has announced that it will pay an incremental dividend in the first quarter of 2014. The board of trustees has increased the quarterly dividend rate by 6.8% year over year to 39.25 cents per share. The increased dividend will be paid on Mar 31, 2014 to stockholders of record as of Mar 3 […]
Bank of America Corporation ’s ( BAC ) litigation woes seem to persist over time. Justice Saliann Scarpulla – who replaced Justice Barbara Kapnick – in the case relating to BofA’s proposed settlement of $8.5 billion with investors, related to faulty mortgage securities, has postponed the final judgment on the case. The New York state court in Manhattan has decided to withhold its final decision on the case until Feb 19. […]
On Feb 4, Zacks Investment Research upgraded Houston, Texas-based natural gas-focused energy explorer Cabot Oil & Gas Corp. ( COG ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]
On Feb 5, Zacks Investment Research nominally downgraded semiconductor manufacturer Broadcom Corp. ( BRCM ) to a Zacks Rank #2 (Buy) from a Zacks Rank #1 (Strong Buy) primarily due to marginal downward estimate revisions and flat share price movement post fourth quarter earnings release. […]
In an effort to push into Canada’s key grocery category, world’s largest retailer Wal-Mart Stores Inc. ( WMT ) plans to invest nearly 500 million Canadian dollars (approximately $451 million) over the next year, as per media sources. With this investment, it plans to complete 35 supercenter projects in Canada. […]
The struggling American franchise of electronics retail stores, RadioShack Corp. ( RSH ), is planning to close nearly 500 stores — 10% of its total. […]
Lennar Prices $400 Million of Senior Notes PR Newswire MIAMI, Feb. 5, 2014 MIAMI , Feb. […]
Zacks Investment Research upgraded shares of Hercules Technology Growth Capital, Inc. (HTGC) from NEUTRAL to OUTPERFORM on February 05, 2014, with a target price of $16.50. […]
Cadence to Enhance High-Level Synthesis Offering with Acquisition of Forte Design Systems HIGHLIGHTS: – High-Level Synthesis has moved beyond early adopters toward mainstream adoption by market-leading system and semiconductor companies – Forte Design Systems provides a production-proven, compelling high-level synthesis solution and high quality arithmetic IP – Cadence C-To-Silicon Compiler provides high quality of results for mixed control and datapath designs, with built-in RTL synthesis and incremental ECO support PR Newswire SAN JOSE, Calif., Feb. 5, 2014 SAN JOSE, Calif. , Feb […]
Automatic Data Processing Inc. ( ADP ) reported second-quarter fiscal 2014 earnings from continuing operations of 78 cents per share, which beat the Zacks Consensus Estimate by a penny. […]
NCR Corp. ( NCR ) is set to release the fourth-quarter 2013 results on Feb 6. […]
Expedia Inc. ( EXPE ) is set to report fourth-quarter 2013 results on Feb 6. […]
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