Month: January 2015

Orion Marine Group, Inc ( ORN ) recently provided update on the scope of its business and end markets. However, the news, coming on Jan 8, failed to move investors’ sentiments, as evident from a 2.7% dip in the shares on Friday. The civil marine construction and specialty services provider claimed to witness a significant improvement in asset utilization in the fourth quarter of 2014, driven by increased lettings on part of the US Army Corps of Engineers […]

CSX Corporation ( CSX ) is set to release fourth-quarter fiscal 2014 results after the market closes on Jan 13, 2015. In the last quarter, the company delivered a positive 8.51% earnings surprise. Let’s see how things are shaping up for this announcement […]

U.S. banks are on the verge disclosing how they concluded 2014, which was quite troublesome for the industry as a whole from the start. […]

GE Capital, Corporate Finance, an operating unit of General Electric Company ( GE ), recently served as the administrative agent for a revolving credit facility worth $600 million for Axiall Corporation ( AXLL ). The debt financing will be utilized by Axiall for its working capital requirements to fuel further growth. However, shares of General Electric decreased marginally on Jan 9 following the announcement, as overall equity market fell on global cues. […]

Citigroup Inc . ( C ) is scheduled to report its fourth-quarter and full-year 2014 results before the opening bell on Thursday, Jan 15. Excluding the impact of credit valuation adjustment (CVA) and debt valuation adjustment (DVA), adjusted earnings per share for third-quarter 2014 came in at $1.15, outpacing the Zacks Consensus Estimate of $1.12 […]

Wintrust Financial Corporation ( WTFC ) is scheduled to report its fourth-quarter and full year 2014 results on Thursday, Jan 15, after market close. In the third quarter, Wintrust delivered a positive earnings surprise of 1.28% driven by a rise in both net interest income and non interest income. This was partially offset by higher operating expenses […]

Bristol-Myers Squibb Company ( BMY ) announced that a phase III study on its intravenous anti-PD1 immune checkpoint inhibitor, Opdivo, was stopped early because an assessment conducted by the independent Data Monitoring Committee concluded that the study met its primary endpoint. We expect investors to react positively to the news. […]

Diversified conglomerate Honeywell International Inc (HON) recently announced that its Solstice Liquid Blowing Agent (LBA) is being used by Elastochem Specialty Chemicals in its Insulthane extreme spray foam insulation system for residential walls in Canada. However, despite the encouraging news, Honeywell shares were down on Jan 9 as overall equity market fell on global cues. […]

After an impressive run last year, U.S. equity markets saw a choppy and volatile start to 2015. While a strengthening U.S. […]