Stock Analysts

Incyte Gains on Q3 Earnings and Revenue Beat, Raises View

Shares of Incyte Corporation ( INCY ) jumped 10.9% after the company reported third-quarter 2014 earnings of 33 cents per share, easily beating the Zacks Consensus Estimate of 2 cents per share. Incyte had incurred a loss of 14 cents per share in the year-ago quarter. Incyte Corporation – Earnings Surprise | FindTheBest Total revenues in the quarter shot up 132.8% year over year to $198.1 million, beating the Zacks Consensus Estimate of $161.2 million […]

Stock Analysts

Eastman Chemical (EMN) Q3 Earnings Top, Charges Hit Net

Eastman Chemical ( EMN ) saw its profit sag in third-quarter 2014 as hefty impairment and restructuring charges and acquisition-related costs more than offset a rise in its top line. Eastman Chemical recorded profit (as reported) of $210 million or $1.39 per share in the quarter, a roughly 32% fall from $308 million or $1.97 per share recorded a year ago. […]

Stock Analysts

ITT Corp. (ITT) Beats Q3 Earnings on Strong Operations

ITT Corporation ( ITT ) reported strong third-quarter fiscal 2014 results with adjusted earnings of 66 cents a share, which surpassed the Zacks Consensus Estimate of 60 cents by 10%. Earnings also improved 22.2% compared with the prior-year adjusted figure of 54 cents. The increase in earnings was driven by strong operational performance, accelerated business execution and steady progress in implementation of the company’s strategies like its Lean transformation initiative. […]

Stock Analysts

Fluor Q3 Earnings Beat, Revenues Disappoint; Guidance Cut

Fluor Corporation ( FLR ) reported third-quarter 2014 earnings from continuing operations of $1.15 per share that beat the Zacks Consensus Estimate of $1.10 by 4.5%. Quarterly earnings were also up 9.5% from the prior-year quarter earnings of $1.05. Fluor Corporation – Earnings Surprise | FindTheBest Total revenue for the quarter decreased substantially by 18.6% year over year to $5.4 billion […]

Mergers & Acquisitions

Republic of Peru Announces Results of Tender Offers

Republic of Peru Announces Results of Tender Offers PR Newswire LIMA, Peru, Oct. 31, 2014 LIMA, Peru , Oct. 31, 2014 /PRNewswire/ — The Republic of Peru (the “Republic”) in accordance with its previously-announced offer (the “Offer”) to purchase for cash (the “Offer to Purchase”) (i) sovereign bonds or Bonos Soberanos (the “Bonos Soberanos”), including Bonos Soberanos in the form of Global Depositary Notes (“GDNs”), and (ii) Global Bonds (the “Global Bonds”), in each case as set forth in the table below (the “Bonds”), announced today that the Invitations had expired as scheduled at 4:00 pm New York City time on October 30, 2014 . […]

Upgrades

CDW CORP (CDW) Upgraded by Zacks to NEUTRAL

Zacks Investment Research upgraded shares of CDW CORP (CDW) from UNDERPERFORM to NEUTRAL on October 31, 2014, with a target price of $30.90. CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. […]

Stock Analysts

MGM Resorts Posts Q3 Loss on Weak Gambling Revenues

MGM Resorts International ( MGM ) posted a loss in the third quarter of 2014 owing to a weak Macau market. Revenues, however, beat the Zacks Consensus Estimate by a slight margin. Share price of the company rose slightly in the aftermarket trading hours, possibly due to the fact that revenues beat expectations by a slight margin […]