Mergers & Acquisitions

WESCO International, Inc. Completes the Acquisition of Hill Country Electric Supply

WESCO International, Inc. Completes the Acquisition of Hill Country Electric Supply PR Newswire PITTSBURGH, May 4, 2015 PITTSBURGH , May 4, 2015 /PRNewswire/ — WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, announced today that WESCO Distribution, Inc […]

Mergers & Acquisitions

Avison Young acquires project management firm Remington Group, Inc.

Avison Young acquires project management firm Remington Group, Inc. PR Newswire TORONTO, May 4, 2015 Purchase further expands Avison Young’s business-line coverage in Philadelphia ; William Connor becomes Principal, 10 members join TORONTO , May 4, 2015 /CNW/ – Mark E. Rose , Chair and CEO of Avison Young , the world’s fastest-growing commercial real estate services firm, announced today that it has acquired Wayne, Pennsylvania -based project management company Remington Group, Inc […]

Stock Analysts

Acorda Posts 1Q Loss, Ampyra Generic Challenges in Focus

Acorda Therapeutics, Inc.’s ACOR first quarter loss of 2 cents per share missed both the Zacks Consensus Estimate of earnings of 3 cents per share and the year-ago earnings of 7 cents per share. Total revenues for the quarter were $99.9 million, up 24% from the year-ago quarter, surpassing the Zacks Consensus Estimate of $96 million. […]

Stock Analysts

Ultra Petroleum Gains on Q1 Earnings Beat, Raised Outlook

On Apr 30, Ultra Petroleum Corporation UPL reported first-quarter 2015 results. Shares of the company have gained nearly 9% since then due to the earnings beat and increased production guidance. The natural gas producer reported adjusted earnings of 14 cents per share, easily surpassing the Zacks Consensus Estimate of 5 cents per share […]

Stock Analysts

Baidu (BIDU) Misses Q1 Earnings on Increased Expenses

China’s largest search engine, Baidu, Inc. BIDU reported adjusted first-quarter 2015 earnings of $1.09 per share, which missed the Zacks Consensus Estimate by 4 cents due to higher-than-expected research & development (R&D) expenses. The adjusted earnings per share exclude one-time items but include stock-based compensation expense. […]

Stock Analysts

Mechel (MTL) Q4 Loss Widens on Weak Ruble, Sales Down

Russian miner Mechel OAO MTL posted net loss (as reported) of $3,113 million for the fourth quarter of 2014, wider than net loss of $681 million recorded in the fourth quarter of 2013 and a loss of $575 million in the previous quarter. The company’s loss widened due to weakening of the ruble. […]

Stock Analysts

CRA International (CRAI) Q1 Earnings Beat, Shares Down

CRA International Inc CRAI reported adjusted net income of $3.5 million or 37 cents per share in first-quarter fiscal 2015 (ended Apr 4, 2015) compared with $3.5 million or 35 cents per share in the prior-year quarter largely due to healthy top-line growth. The adjusted earnings marginally beat the Zacks Consensus Estimate by a penny. Post the earnings announcement, the market reacted negatively as investors probably expected healthy earnings beat and share prices decreased by about 1% to $28.92 on May 1 […]

Stock Analysts

Shares of ITT Corp. Rise on Strong Q1 Earnings Beat

Shares of ITT Corporation ITT rose around 1.6% during the trading session, after its first-quarter 2015 earnings release before the opening bell, to close at $40.28 on May 1. The company’s adjusted earnings from continuing operations came in at 65 cents for the quarter, which surpassed the Zacks Consensus Estimate of 54 cents by 20.4% and the prior-year quarter figure of 62 cents by 4.8%. ITT Corporation – Earnings Surprise | FindTheCompany Earnings were driven by strong growth in global automotive OEM volumes and increasing operating margins. […]

Economic Data

Will Data Begin to Thaw Out? – Ahead of Wall Street

Monday, May 4, 2015 Stocks appear on track to start today’s session modestly in the green, with overnight action out of Europe helping sentiment. The major indexes have been stuck in a narrow range lately, with a combination of Fed-centric uncertainty and weak earnings keeping sentiment in check. On the data front, Friday’s soft factory sector ISM reading for the U.S […]