Stock Analysts

Is FedEx’s $4.8B Proposal to Buy TNT Express in Trouble?

FedEx Corporation ’s FDX bid to acquire Dutch delivery firm TNT Express N.V. TNTEY for approximately $8.75 per share, or $4.8 billion (€4.4 billion), seems to have run into rough weather following concerns raised by the European Commission (EC) about competition being restrained in the event of the deal materializing. In view of the above concerns, the EC – the antitrust watchdog of the European Union – announced on Jul 31, that it would launch a thorough investigation to find out whether the impending deal, involving two key global players in the field of small package delivery, abides by the EU Merger Regulation. […]

Stock Analysts

ITT Curtails Guidance Again Despite Q2 Earnings Beat

ITT Corporation’s ITT shares inched up 1% during the trading session after its second-quarter 2015 earnings release, to close at $38.00 on Jul 31. The company reported second-quarter 2015 adjusted earnings from continuing operations of 69 cents per share, which surpassed the Zacks Consensus Estimate of 59 cents by 17%. Also, on a year-over-year basis, the bottom line improved 15% […]

Stock Analysts

Will Ligand Pharmaceuticals (LGND) Beat Earnings in Q2?

Ligand Pharmaceuticals Incorporated LGND is scheduled to report second-quarter 2015 results on Aug 4 after the market closes. Ligand Pharma has a decent track record with the company beating estimates in two of the last four quarters with an average earnings surprise of 20.54%. In the last reported quarter, Ligand Pharma had posted a positive earnings surprise of 66.67%. […]