Month: July 2014

Southwest Airlines Co. ( LUV ) may end up paying one of the heftiest fines ever charged by the Federal Aviation Administration (FAA). The regulator has alleged the carrier for non-compliance of maintenance regulations in some of its 737 jetliners. […]

General Electric Company ( GE ) spun off its consumer-lending arm Synchrony Financial in an initial public offering ("IPO"). The IPO raised $2.88 billion at $23 per share. Consequently, Synchrony Financial’s market capitalization comes to around $19 billion. […]

Litigation, settlements and investigations pertaining to Bank of America Corporation ’s ( BAC ) past business conducts continue to make headlines. This time BofA makes news for the settlement associated with the sale of risky residential mortgage-backed securities (RMBS) by Countrywide Financial Corp. (acquired in 2008), for which the bank has been ordered to pay $1.27 billion […]

Exelon Corporation ( EXC ) announced second-quarter 2014 operating earnings of 51 cents per share, surpassing the Zacks Consensus Estimate by a penny. Operating earnings exceeded the guidance of 40 cents to 50 cents per share for the quarter. Quarterly earnings however decreased 3.8% year over year due to lower realized prices, lesser output from nuclear plants owing to outages and higher operations and maintenance expenses. […]

UBS AG ( UBS ), which came out with an impressive second-quarter earnings, failed to gain investors’ attention (shares lost 1.3%), as the company disclosed yet another lawsuit, this time initiated by clients of its Puerto Rico debt. These clients are demanding more than $600 million in compensation alleging that the company deceived them into putting money in this risky instrument, which led them to incur losses. The matter had come into light earlier in June when the clients accused the company of criminal fraud and the U.S. […]

Troubles continue to surface for the leading burger chain, McDonald’s Corp. ( MCD ). A recent ruling by the National Labor Relations Board (NLRB) declared that McDonald's, USA, LLC will be treated as a joint employer together with its franchised restaurants […]

Newell Rubbermaid Inc. ( NWL ), the producer of Sharpie pens and Rubbermaid containers, posted second-quarter 2014 adjusted earnings of 59 cents a share that surpassed the Zacks Consensus Estimate of 54 cents, and rose 18% year over year. The increase in the bottom line was due to higher sales volume, increase in gross margin and reduced share count. […]

Unum Group ’s ( UNM ) operating earnings of 91 cents per share in the second quarter surpassed the Zacks Consensus Estimate by 4.6%. This marks the ninth straight quarter of positive surprise. […]

Whole Foods Market, Inc. ( WFM ) posted third-quarter fiscal 2014 earnings of 41 cents a share that surpassed the Zacks Consensus Estimate of 39 cents, and rose 7.9% from 38 cents in the year-ago quarter. Despite a healthy bottom line, shares fell 3.4% during the aftermarket trading session yesterday, following lower-than-expected sales results and a conservative guidance, thereafter. […]

Energy holding company, SCANA Corp. ( SCG ) reported strong second-quarter 2014 results of 68 cents per share, surpassing both the Zacks Consensus Estimate of 63 cents and the year-ago figure of 60 cents. […]

Navigant Consulting Inc. ’s ( NCI ) adjusted earnings (excluding non-recurring items) came in at 22 cents per share in second-quarter 2014, versus 31 cents in the year-ago quarter. The adjusted earnings for the reported quarter missed the Zacks Consensus Estimate by 3 cents […]

Defense operator L-3 Communications Holdings Inc. ( LLL ) posted preliminary second quarter results due to an internal review related to accounting matters at the company’s Aerospace Systems segment The company's preliminary adjusted second quarter 2014 earnings were $1.96 per share, missing the Zacks Consensus Estimate of $2.01 by 2.5%. […]

Delphi Automotive PLC ( DLPH ) saw a 14.5% rise in adjusted earnings to $1.42 per share in the second quarter of 2014 from $1.24 per share in the prior-year quarter. Earnings also beat the Zacks Consensus Estimate of $1.32 a share. Adjusted net income increased 11.3% to $432 million from $388 million a year ago […]

On Jul 25, 2014, we issued an updated research report on Laboratory Corporation of America Holdings ( LH ), a leading independent clinical laboratory company. LabCorp posted a sequentially improved and better-than-expected second quarter securing both top and bottom-line beats. The company is working on portfolio expansion and is focusing further on the high-margin esoteric testing business to drive its top line […]

With a stellar second-quarter, Buffalo Wild Wings Inc. ( BWLD ) was expected to enjoy a home run. (Read: Buffalo Wild Wings Beats Q2 Earnings as World Cup Drives Comps) However, shares of the sports bar and hot wings restaurant chain plunged more than 13% yesterday. […]

Applied Micro Circuits Corporation ( AMCC ) reported first-quarter fiscal 2015 non-GAAP net income (excluding non-recurring items) of $0.2 million or breakeven results on a per share basis versus $1.4 million or 2 cents per share in the year-ago period. The disappointing results tanked the shares 9.93% to close on $8.71 yesterday. […]