Mergers & Acquisitions

RIDE TV Acquires Television Production Company

RIDE TV Acquires Television Production Company PR Newswire FORT WORTH, Texas, Nov. 8, 2016 FORT WORTH, Texas , Nov. 8, 2016 /PRNewswire/ — After years of working together, Ride Television Network Inc., (RIDE TV) a Fort Worth based nationally distributed television network, acquires key production company, F2 Media, LLC […]

Stock Analysts

Microchip (MCHP) Beats Q2 Earnings, Sales Estimates

Microchip Technology Inc. MCHP reported second-quarter fiscal 2017 non-GAAP earnings of 90 cents per share, which beat the Zacks Consensus Estimate by 14 cents and jumped 52.5% from the year-ago quarter. Net Sales on a non-GAAP basis were $873.8 million, which exceeded the Zacks Consensus Estimate of $861 million and surged 56.2% from the year-ago quarter. […]

Stock Analysts

Chegg (CHGG) Reports Narrower-than-Expected Loss in Q3

Chegg, Inc. CHGG ), a student-first connected learning platform, reported third-quarter 2016 adjusted loss of 13 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 17 cents. Total net revenue of $71.3 million surpassed the Zacks Consensus Estimate of $67.67 million by 5.4% but declined 12% year over year […]

Stock Analysts

Outfront Media’s (OUT) Q3 FFO, Revenues Beat Estimates

Outfront Media Inc. ’s OUT third-quarter 2016 adjusted funds from operations (“FFO”) per share of 63 cents exceeded the Zacks Consensus Estimate of 53 cents as well as the prior-year quarter figure of 50 cents. Revenues for the quarter came in at $382.8 million, which was slightly above the Zacks Consensus Estimate of $382 million. […]

Mergers & Acquisitions

Sorrento Therapeutics Closes Acquisition of Scilex

Sorrento Therapeutics Closes Acquisition of Scilex – FDA Feedback Provides Clear Guidance for ZTLido™ NDA Resubmission – Itochu Corporation of Japan Partners with Sorrento on Scilex Ownership PR Newswire SAN DIEGO, Nov. 8, 2016 SAN DIEGO , Nov. 8, 2016 /PRNewswire/ — Sorrento Therapeutics, Inc […]

Stock Analysts

Johnson Controls (JCI) Beats on Q4 Earnings and Revenues

Johnson Controls International plc JCI posted adjusted earnings of $1.21 per share in fourth-quarter (ended Sep 30, 2016) fiscal 2016 that surpassed the Zacks Consensus Estimate of $1.02. Moreover, earnings per share increased 16% from $1.04 earned in the fourth quarter of fiscal 2015. Operational Update Johnson Controls reported revenues of $10.2 billion, up 16.6% year over year. […]