Stock Analysts

Buckeye Partners Misses on Earnings, Up on Revs

Buckeye Partners, L.P. ’s ( BPL ) earnings from continuing operations in first-quarter 2014 were 87 cents per unit, missing the Zacks Consensus Estimate of 95 cents by 8.4%. Also, quarterly earnings decreased 3.3% year over year, primarily due to an increase in total expenses and dilution from higher units outstanding […]

Stock Analysts

Fortress Investment Gains on Earnings Beat

Shares of investment manager Fortress Investment Group LLC ( FIG ) gained more than 1% after it reported first-quarter 2014 pre-tax distributable earnings of 21 cents per share on May 1. Results outpaced the Zacks Consensus Estimate of 18 cents and came in a penny ahead of the year-ago number. With this, Fortress Investment delivered positive earnings surprises in 3 of the trailing 4 quarters with an average beat of 20%. […]

Stock Analysts

Gildan Q2 Earnings Beat, Touches New High

Shares of Gildan Activewear Inc. ( GIL ) soared to a new 52-week high of $55.29 on Friday, May 2, 2014 after the company posted better-than-expected second-quarter fiscal 2014 bottom-line results and provided an upbeat earnings guidance for the fiscal. The stock closed trading at $55.06, up 6.4% from the previous day’s price […]

Stock Analysts

Technology Stock Roundup: Yahoo and Facebook Lead Good Week For Tech

Last week was quite eventful as Yahoo ( YHOO ) and Microsoft ( MSFT ) announced original shows and other video initiatives, Facebook ( FB ) launched new technologies and Apple ( AAPL ) scored a small win in court. Yahoo Determined to Succeed In Video Last week, Yahoo announced two new original comedy series of eight episodes each that will be aired some time next year. […]

Stock Analysts

Agnico Eagle’s Q1 Earnings Beat Ests, Shares Up

Shares of Agnico Eagle Mines Limited ( AEM ) rose as much as around 9.6% during the trading session following the release of its forecast-topping first-quarter 2014 results. The company’s adjusted earnings (barring one-time items other than stock-option expenses) were 56 cents per share in the quarter, beating the Zacks Consensus Estimate of 25 cents per share. The company’s shares eventually closed at $32.31 last Friday, gaining around 9.2%. […]

Stock Analysts

Idenix’s Q1 Loss Widens

Idenix Pharmaceuticals, Inc. ’s ( IDIX ) shares declined 4.9% after the company reported a wider-than-expected loss for the first quarter of 2014. The company posted a loss of 24 cents per share in the first quarter of 2014, wider than the year-ago quarter loss of 23 cents and the Zacks Consensus Estimate of a loss of 20 cents per share […]

Stock Analysts

Tyson Misses on Q2 Earnings, Revs Beat

Tyson Foods, Inc. ’s ( TSN ) second-quarter fiscal 2014 adjusted earnings of 60 cents per share missed the Zacks Consensus Estimate by a penny. Quarterly earnings, however, increased 58% from the prior-year earnings of 38 cents due to strong sales in most of the business segments […]

Economic Data

Market Running Out of Catalysts – Ahead of Wall Street

Monday, May 5, 2014 This market is running out catalysts that can push it higher. The Q1 earnings season is now effectively in the background even though plenty of reports are still to come and the key April economic data is also now out. The earnings picture has been so-so for a while, but many in the market (read: the bond market) seem to have a hard time buying into the improved U.S […]

Stock Analysts

Accuray Posts Narrower-than-Expected Q3 Loss

Accuray Incorporated ’s ( ARAY ) fiscal 2014-third-quarter loss of $4.7 million or 6 cents per share was significantly narrower than the year-ago loss of $31.2 million or 42 cents per share as well as the Zacks Consensus Estimate of a loss of 16 cents. Total revenue for the quarter came in at $97.1 million, up 37.7% year over year. […]

Stock Analysts

Easy Earnings Beat at Ultra Petroleum, Shares Up

On May 1, 2014, natural gas producer, Ultra Petroleum Corporation ( UPL ) reported strong first-quarter 2014 results before the opening bell, courtesy of increased price realization from natural gas. The quarter’s success also came from thriving growth projects in which the company had invested substantially. After the earnings release, Ultra Petroleum opened at $31.22 per share, reflecting 4.8% rise from the previous day’s closing price. […]