Month: January 2015

Mergers & Acquisitions

CSA Group Acquires Business from CTS Taiwan Demonstrating Ongoing Commitment to Local Service

January 28, 2015 0

CSA Group Acquires Business from CTS Taiwan Demonstrating Ongoing Commitment to Local Service PR Newswire TAIPEI, Jan. 28, 2015 TAIPEI , Jan. 28, 2015 /PRNewswire/ – CSA Group, a leading global provider of standards development, testing, and certification services, expands its market presences in Taiwan by acquiring the business of CTS Taiwan, a leading local testing and inspection organization […]

Stock Analysts

AK Steel’s (AKS) Q4 Earnings Trump Estimates, Shares Up

January 28, 2015 0

AK Steel ( AKS ) saw lower profit in fourth-quarter 2014 on higher operating costs, but its earnings topped expectations. The company posted a profit of $13.5 million or 7 cents per share in the quarter, a roughly 62% fall from $35.2 million or 26 cents per share logged in the year-ago quarter. Barring costs related to pension/other post retirement benefits and acquisition of Severstal Dearborn, the Ohio-based steel maker’s earnings were 14 cents per share, outstripping the Zacks Consensus Estimate of 6 cents. […]

Stock Analysts

Yahoo Q4 Earnings Tops, Shares Up on Alibaba Spin-Off Plans

January 28, 2015 0

Yahoo’s ( YHOO ) fourth-quarter adjusted earnings of 20 cents topped the Zacks Consensus Estimate of 19 cents, but the 6.7% increase in share prices was because it also announced the tax free spin-off of 100% of Yahoo’s Alibaba ( BABA ) holdings. Revenue Yahoo reported GAAP revenue of $1.25 billion, which was up 9.1% sequentially and down 1.0% year over year. […]

Stock Analysts

Stryker Lags Q4 Earnings, Revenue Estimates

January 28, 2015 0

Stryker Corp ( SYK ) reported disappointing fourth-quarter 2014 financial numbers wherein EPS of $1.44 missed the Zacks Consensus Estimate by a penny and net sales of $2.62 billion lagged the Zacks Consensus Estimate of $2.63 billion. However, EPS increased 11.6% on a year-over-year basis driven by 6.1% growth in net sales and 80 basis points (bps) operating margin expansion. At constant currency (cc), net sales improved 8.6% from the year-ago quarter […]

Stock Analysts

U.S. Steel’s (X) Q4 Earnings Top Estimates, Profit Slips

January 28, 2015 0

United States Steel Corporation ( X ) recorded adjusted net income of $274 million or $1.82 per share in the fourth quarter of 2014, compared with net earnings of $38 million or 27 cents per share posted a year ago. The year-over-year improvement in earnings, which exceeded the Zacks Consensus Estimate of 89 cents, was driven by benefits from the Carnegie Way program. […]

Mergers & Acquisitions

TE Connectivity Announces Definitive Agreement to Sell Its Broadband Network Solutions Business to CommScope for $3.0 Billion

January 28, 2015 0

TE Connectivity Announces Definitive Agreement to Sell Its Broadband Network Solutions Business to CommScope for $3.0 Billion Increases Revenue from Connectivity and Sensor Solutions to 90 Percent Advances Strategy to Focus and Expand Position in Harsh Environment Connectivity PR Newswire SCHAFFHAUSEN, Switzerland, Jan. 28, 2015 SCHAFFHAUSEN, Switzerland , Jan. 28, 2015 /PRNewswire/ — TE Connectivity Ltd […]

Momentum Stocks

Bear of the Day: Schlumberger (SLB) – Bear of the Day

January 28, 2015 0

Despite a better-than-expected earnings report, Schlumberger Corporation ( SLB ) announced job cuts and is still seeing falling earnings estimates for 2015 and 2016 due to the oil price plunge. This Zacks Rank #5 (Strong Sell) is expected to see earnings contract in 2015. Schlumberger is one of the largest energy project management companies in the world, working in 85 countries […]

Momentum Stocks

Bull of the Day: Wabash National (WNC) – Bull of the Day

January 28, 2015 0

Wabash National Corporation ( WNC ) recently raised its 2014 full year guidance as business remained strong. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits in both 2014 and 2015. Wabash National, headquartered in Indiana, makes semi trailers and liquid transportation systems, including dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, intermodal equipment and engineered products […]