Stock Analysts

Southwestern Energy Q4 Earnings In Line; Guidance Update

Independent natural gas operator, Southwestern Energy Company ( SWN ) reported fourth-quarter 2014 adjusted earnings of 52 cents per share, in line with the Zacks Consensus Estimate. The bottom line decreased from the prior-year quarter’s earnings of 54 cents. Quarterly operating revenues of $962 million missed the Zacks Consensus Estimate of $976 million but increased considerably from $907 million in the fourth quarter of 2013 […]

Stock Analysts

Sears Q4 Loss Narrows Y/Y; Shares Down as Sales Decline

Sears Holdings Corporation ( SHLD ) posted fourth-quarter fiscal 2014 results, wherein the company’s adjusted loss per share narrowed year over year, benefiting from aggressive cost cuts. However, the top line continued to deteriorate year over year, as a result of removal of assets. Shares of Sears Holdings have dropped 4.9% since the announcement […]

Stock Analysts

Gap (GPS) Beats on Q4 Earnings, Issues Subdued Outlook

The Gap, Inc. ( GPS ) posted fourth-quarter fiscal 2014 earnings of 75 cents a share that came a penny ahead of the Zacks Consensus Estimate, and jumped 10.3% year over year on the back of strong performance across its Old Navy stores. An earnings beat, coupled with the announcement of stockholder-friendly moves, led the shares of this apparel retailer to jump roughly 3% during after-market trading hours yesterday […]

Stock Analysts

Canadian Imperial Gains on Y/Y Earnings Rise; Dividend Up

Canadian Imperial Bank of Commerce ( CM ) rose 2.4% on the NYSE following the release of its first-quarter fiscal 2015 earnings (ended Jan 31) on Feb 26, before the opening bell. Adjusted earnings per share came in at C$2.36, up 2.2% year over year. Results benefited from a rise in net interest income and a fall in provision for credit losses, partially offset by lower non-interest income and an increase in operating expenses. […]

Stock Analysts

Japan ex-Recession Puts These Auto Firms in Focus

The record run of Japan’s Nikkei is hardly unabated as it keeps extending its rally to 15-year highs. The rally is obvious given the handful of positive economic indicators that the economy is celebrating. Though GDP growth was lower than expected, the economy managed to pull out of recession in the three months through December. […]

Mergers & Acquisitions

Aleris Completes The Sale Of Its Recycling And Specification Alloys Businesses

Aleris Completes The Sale Of Its Recycling And Specification Alloys Businesses PR Newswire CLEVELAND, Feb. 27, 2015 CLEVELAND , Feb. 27, 2015 /PRNewswire/ — Aleris announced today that it has completed the sale of its Recycling and Specification Alloys businesses to an affiliate of Signature Group Holdings for an aggregate of $500 million in cash and $25 million in Signature preferred stock. […]

Mergers & Acquisitions

Tyco Completes Acquisition of Industrial Safety Technologies

Tyco Completes Acquisition of Industrial Safety Technologies PR Newswire CORK, Ireland, Feb. 27, 2015 CORK, Ireland , Feb. 27, 2015 /PRNewswire/ — Tyco International plc (NYSE: TYC) announced today that it has completed the acquisition of Industrial Safety Technologies (IST), a global leader in gas and flame detection, from Battery Ventures for $329.5 million in cash […]