Mergers & Acquisitions

Huron Capital’s Specialty Engineering Platform Closes Seventh Deal

Huron Capital’s Specialty Engineering Platform Closes Seventh Deal Deal expands JENSEN HUGHES’ nuclear power and energy capabilities PR Newswire DETROIT, May 6, 2015 DETROIT , May 6, 2015 /PRNewswire/ — Huron Capital Partners LLC (” Huron “) announced today that its portfolio company, JENSEN HUGHES, Inc. (“JENSEN HUGHES”), has merged with Walnut Creek, California -based ERIN Engineering and Research, Inc. (“ERIN”) […]

Stock Analysts

Papa John’s Tops Q1 Earnings, Ups 2015 View; Shares Up

Papa John’s International, Inc. PZZA recently posted better-than-expected first-quarter 2015 results wherein both earnings and revenues beat the respective Zacks Consensus Estimate. Share price rose 5.2% in afterhours trading as the pizza delivery company raised its revenue and North America comps guidance for 2015 […]

Stock Analysts

Fiserv (FISV) Tops Q1 Earnings, Lags Revenues; Keeps Outlook

Fiserv Inc. ’s FISV first-quarter 2015 adjusted earnings of 89 cents per share surpassed the Zacks Consensus Estimate of 86 cents and increased 9% from 82 cents reported in the year-ago quarter. The improvement was driven by internal revenue growth in the Payments segment coupled with higher sales across the company. […]

Stock Analysts

Itron (ITRI) Q1 Earnings Trail on Adverse Forex Impact

Shares of Itron, Inc. ITRI lost around 1.2% and closed at $35.27, a day after the company reported disappointing first-quarter 2015 results on May 4. Adjusted earnings per share slumped 35.5% to 20 cents in the quarter from 31 cents in the prior-year quarter, mainly due to unfavorable impact of foreign currency exchange rates […]

Stock Analysts

Pacific Biosciences Posts Loss as Expected, ’15 View Up

Shares of Pacific Biosciences of California Inc. PACB fell 3% (18 cents) to $5.83 in after-hours trading on the heels of the company’s disappointing first-quarter 2015 results. Despite a 51.6% year-over-year surge in revenues, the company reported net loss of 27 cents per share, which was in line with the Zacks Consensus Estimate and a penny narrower than the year-ago quarter’s loss figure […]

Stock Analysts

VIVUS Q1 Loss Narrower-than-Expected, Revenues Beat

VIVUS Inc.’s VVUS first-quarter 2015 loss of 15 cents per share was narrower than the Zacks Consensus Estimate of a loss of 24 cents but wider than the year-ago loss of 13 cents. The company’s total revenues for the first quarter of 2015 were $32.2 million, down 12.3% from the year-ago period but well above the Zacks Consensus Estimate of $19 million. Quarter in Details First quarter revenues included $11.6 million of license and milestone revenue related to erectile dysfunction drug, Stendra (EU trade name: Spedra) and $8.5 million of supply revenue. […]

Stock Analysts

Abiomed (ABMD) Q4 Earnings, Sales Trump Estimates; View Up

Abiomed Inc. ABMD reported impressive fourth-quarter fiscal 2015 results, with both earnings and revenues crushing their respective Zacks Consensus Estimate. Fourth-quarter earnings of 28 cents per share cruised past the Zacks Consensus Estimate of 12 cents and exceeded the year-ago equivalent of 9 cents, riding on strong revenue growth. […]

Stock Analysts

Central Garden & Pet (CENT) Tops Q2 Earnings; Sales Miss

Central Garden & Pet Co. CENT posted mixed results for the second quarter of fiscal 2015, wherein the bottom line exceeded expectations, while the top line lagged the same. The company’s quarterly earnings of 47 cents a share were 9.3% higher than both the year-ago figure and the Zacks Consensus Estimate of 43 cents. […]

Stock Analysts

Estee Lauder Hits 52-Week High on Solid Q3 Results

Shares of cosmetics company Estee Lauder Inc. EL hit a new 52-week high of $89.84 on May 5, as the company reported solid third-quarter fiscal 2015 results and growing optimism around its prestige beauty category. Strong Third-Quarter Performance On May 5, Estee Lauder posted robust third-quarter results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate. […]

Economic Data

ADP Jobs Report Backs Up Slowdown – Ahead of Wall Street

Wednesday, May 6, 2015 This morning’s soft private-sector jobs report from ADP ( ADP ) adds to other recent economic readings that show that the Q1 slowdown has continued into the current period as well. We will know more after Friday’s government jobs report, but consensus expectations of a Spring rebound in the U.S. […]

Mergers & Acquisitions

Canadian Tire Acquires 12 Target Leases

Canadian Tire Acquires 12 Target Leases Canada NewsWire TORONTO, May 6, 2015 TORONTO , May 6, 2015 /CNW/ – Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.A) has concluded an agreement to acquire 12 strategic real estate leases, formerly held by Target Canada, for $17.7M . The transaction is subject to the approval of the court in connection with Target Canada’s CCAA proceedings. […]

Mergers & Acquisitions

Pervasip Provides Acquisition Update

Pervasip Provides Acquisition Update PR Newswire WHITE PLAINS, N.Y., May 6, 2015 WHITE PLAINS, N.Y. , May 6, 2015 /PRNewswire/ — Pervasip Corp. (USOTC: PVSP) (“Pervasip” or the “Company”) provided an update on its ongoing acquisition efforts […]

Mergers & Acquisitions

Speridian Acquires Canada Based IT Services and Project Management Experts, Helm Innovations

Speridian Acquires Canada Based IT Services and Project Management Experts, Helm Innovations The acquisition expands Speridian’s global footprint into Canada PR Newswire ALBUQUERQUE, N.M., May 6, 2015 ALBUQUERQUE, N.M. , May 6, 2015 /PRNewswire/ — Speridian Technologies , a leading provider of information technology solutions for global businesses, today announced it has acquired Helm Innovations, a Canada based professional services firm that serves a broad spectrum of organizations in public sector, financial services and insurance industries. […]