Month: November 2016

Last week was quite an eventful one for the gambling industry with revenues for October rising more than anticipated in Macau. This marked the third consecutive month of growth, following an extended slump of over two years. On the other hand, third-quarter earnings releases were in the spotlight over the last five trading days. […]

Despite a decline in non-farm payrolls, solid growth in wages last month indicated that the U.S. labor market is on a strong footing. Moreover, upward revisions in jobs additions number for the previous two months and a decline in unemployment rate once again confirmed that the economy is improving […]

North Carolina-based Bank of America Corporation BAC has been charged with a proposed class action lawsuit, whereby it is accused of extorting excessive fees from thousands of Arizona prison ex-inmates. The lawsuit has been filed in federal court in Phoenix and accuses the bank of exploiting "one of the most vulnerable groups imaginable." The group consists of people coming out of Arizona prison, who were issued debit cards at the time of their release, as they had no job or a place to live in. […]

Immune Design Corp IMDZ is scheduled to report third-quarter 2016 results after the market closes on Nov 9. In the last reported quarter Immune Design posted a negative surprise of 4.41%. […]

Fred’s Inc. FRED continued with its dismal comparable-store sales (comps) performance. After witnessing a decline of 3% and 4.9% in the August and September months, comps again fell 3.4% in October […]

WestRock Company WRK reported fourth-quarter fiscal 2016 (ended Sep 30, 2016) adjusted earnings of 71 cents per share that beat the Zacks Consensus Estimate of 62 cents, posting a positive earnings surprise of 15%. Including one-time items, the company reported a loss per share of 34 cents per share in the quarter resulting from a 91 cents per share non-cash charge related to the transfer of certain pension plan assets and liabilities to a third party. […]

The Buckle, Inc. BKE has been continuing with its sluggish comparable-store sales (comps) performance this year. Comps for the four-week period ended Oct 29, 2016, fell 15.5% year over year, continuing the declining trend – 15.5% in September, 14.8% in August, 10.9% in July, 10.6% in June, 11% in May, 13.2% in April, 11.8% in March, 8.9% in February and 11.3% in January. […]

PDL BioPharma, Inc. PDLI reported adjusted earnings of 11 cents per share in the third quarter of 2016, missing the Zacks Consensus Estimate of 14 cents. Adjusted arnings also declined from the year-ago figure of 49 cents. […]

Rockwell Automation, Inc. ROK reported adjusted earnings per share of $1.52 in fourth-quarter fiscal 2016 (ended Sep 30, 2016), down 3% from $1.57 earned in the prior-year quarter. However, earnings outpaced the Zacks Consensus Estimate of $1.49 and recorded a positive earnings surprise of 6%. […]

Scripps Networks Interactive Inc. SNI posted better-than-expected earnings and revenues in the third quarter of 2016. The company’s earnings (excluding special items) of $1.26 per share handily beat the Zacks Consensus Estimate of 93 cents. […]

Global food products maker and distributor, Sysco Corporation ’s SYY first-quarter fiscal 2017 earnings exceeded expectations while revenues were in line with the same. The acquisition of London-based Brakes Group (completed in July) and margin improvement probably drove the earnings beat. Adjusted earnings (excluding restructuring and merger-related costs) of 67 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 13.6% and were up 28.8% year over year […]

AVEO Pharmaceuticals, Inc. AVEO reported a third-quarter 2016 loss of 7 cents per share, narrower than the Zacks Consensus Estimate of a loss of 12 cents. The company had reported earnings of 14 cents per share in the year-ago period. […]

ITT Corp. ITT posted adjusted earnings of 58 cents per share in third-quarter 2016, in line with the Zacks Consensus Estimate. However, the figure was down 7.9% from the year-ago tally of 63 cents […]

AMAG Pharmaceuticals, Inc. AMAG reported adjusted earnings of $1.61 per share in the third quarter of 2016, up approximately 77% from the year-ago figure. […]

Shares of Nu Skin Enterprises Inc. NUS tumbled after the company provided a cautious fiscal outlook during its third quarter conference call. Nu Skin reported better-than-expected results in the third quarter of 2016 […]

Denbury Resources Inc. DNR reported a breakeven in third-quarter 2016 (excluding one-time items) as against the Zacks Consensus Estimate of a loss of 3 cents per share. A significant fall in total expense supported the result. […]