Month: December 2015

Share price of Tata Motors Limited TTM dropped 1.72% to $30.36 on Dec 2 after the automaker reported a 7% decrease in total sales of its commercial and passenger vehicles, including exports, to 38,918 units in Nov 2015 from 41,720 units in Nov 2014. The automaker’s domestic sales of commercial and passenger vehicles totaled 35,345 units in the month, 6% lower than 37,427 vehicles sold in the year-ago period. In the passenger vehicles business, Tata Motors’ sales for Nov 2015 declined 13% to 10,571 vehicles from 12,021 vehicles sold in Nov 2014 […]

Dollar General Corporation DG reported mixed quarterly numbers for the third quarter of fiscal 2015, wherein adjusted earnings per share of 88 cents surpassed the Zacks Consensus Estimate by a penny. On the other hand, net sales of $5,067 million fell short of the consensus mark of $5,087 million. Management updated the fiscal 2015 guidance […]

On Dec 1, Zacks Investment Research upgraded Ferrellgas Partners L.P. FGP to a Zacks Rank #1 (Strong Buy). […]

Skyworks Solutions Inc. SWKS shares moved higher in after-market trading following impressive fourth-quarter fiscal 2015 results by fellow chipmaker Avago Technologies Limited AVGO . Avago’s bottom line surpassed analyst expectations, as it logged outstanding year-over-year growth in earnings as well as the top line. […]

The Kroger Company KR , one of the largest grocery retailers, recently posted third-quarter fiscal 2015 earnings of 43 cents a share that beat the Zacks Consensus Estimate of 39 cents, and surged 22.9% from 35 cents earned in the prior-year quarter. The Cincinnati-based Kroger now projects fiscal 2015 earnings between $2.02 and $2.04 per share, up from a range of $1.92 to $1.98 forecasted earlier. The current Zacks Consensus Estimate for fiscal 2015 is $1.99 […]

Facebook, Inc. FB has finally decided to comply with the Belgium court’s ruling. The social media giant has had a tough time with Belgian regulators who were not so pleased with the company’s practice of tracking people (even those who were not Facebook users or not logged in). […]

OPEC or the Organization of the Petroleum Exporting Countries – the international cartel of oil producers – is scheduled to meet in the Austrian capital of Vienna on Friday, December 4. As usual, the outcome of the gathering of the group's 12 member countries from the Middle East, Africa and Latin America is expected to have far-reaching implications for all involved in the oil trade – from retail stations to budgets of oil-dependent nations. Pump, Baby, Pump When OPEC last met in June, it extended its now year-long strategy to maintain daily crude production level at the preset 30 million barrels, defying expectations of an output cut in response to the prevailing supply glut […]

Ushering in good news for its shareholders, TE Connectivity Ltd. TEL has announced a 12% hike in its dividend payout to a quarterly payment of 37 cents per share or $1.48 per share on an annualized basis. […]

Medtronic plc MDT reported financial results for second-quarter fiscal 2016, which also marked the third quarter of Medtronic-Covidien’s consolidated performance. Adjusted earnings per share (EPS) came in at $1.03, ahead of the Zacks Consensus Estimate of $1.00 and up 1% year over year. Adjustments in the reported quarter primarily included special charges related to cost synergies initiative, partially offset by a reversal of excess restructuring reserves, intangible asset amortization and acquisition-related items. […]

Alcatel-Lucent ’s ALU undersea cables subsidiary, Alcatel-Lucent Submarine Networks, has recently penned a turnkey contract with Bluesky Pacific Group to launch a new submarine cable system across the Pacific Ocean. This new cable system, named Moana Cable, will connect New Zealand to Hawaii through the application of the hi-tech submarine cable technology. For this, Alcatel-Lucent Submarine Networks will install its highly developed submarine optical technology to escalate the capacity and network flexibility […]

Standard & Poor's ("S&P") Ratings Services, part of McGraw Hill Financial MHFI has downgraded the senior unsecured and non-deferrable subordinated debt ratings of eight major U.S. banks by one level, which were kept under review for a downgrade last month. These banks include The Goldman Sachs Group, Inc […]

UTC Aerospace Systems, a unit of United Technologies Corporation UTX , bought out N2 Imaging Systems, LLC, in a strategic endeavour to further develop its extensive portfolio of capabilities. The acquisition will augment UTC Aerospace's intelligence, surveillance and reconnaissance operations. Also, it will upgrade UTC Aerospace's technology and enable it to support the U.S. […]

After missing the Zacks Consensus Estimate for two consecutive quarters, Pacific Sunwear of California Inc. PSUN reported loss per share of 5 cents in the third-quarter of fiscal 2015 that fared better than the Zacks Consensus Estimate of a loss per share of 7 cents. Consequently, the company’s shares catapulted more than 36% during after-market trading hours yesterday […]

Royal Bank of Canada RY reported fiscal fourth-quarter 2015 (ended Oct 31) net income of C$2.6 billion ($2.0 billion), increasing 11% year over year. Results benefited from a decline in provisions. […]

As 150 world leaders gathered near Paris at the United Nations Conference on Climate Change with an aim to limit rising global temperatures to no more than 2 degrees celsius above pre-industrial levels, State Street Corporation ’s STT asset management unit – State Street Global Advisors – also made an effort by launching its first fossil-fuel free exchange-traded fund (“ETF”). The SPDR S&P 500 Fossil Fuel Free ETF started trading on the NYSE Arca. […]

Wall Street firms’ increasing focus on digital currency technology has been reiterated yet again with the latest development from The Goldman Sachs Group, Inc. GS . The New York- based brokerage giant has filed a patent application with the US Patent & Trademark Office (USPTO) – Cryptographic Currency For Securities Settlement – for a new cryptocurrency called SETLcoin. […]