Month: November 2016

AstraZeneca PLC AZN reported third-quarter 2016 core earnings of $1.32 per American Depositary Share, comfortably beating the Zacks Consensus Estimate of 48 cents. Core earnings rose 12% year over year at constant currency rates (CER). Core earnings increased on the back of cost savings and a non-recurring tax benefit of 36 cents per share resulting from agreements on transfer pricing arrangements between various tax authorities […]

The auto sector has been one of the worst performers this earnings season. Auto companies’ results as of Nov 9, 2016 displayed a year-over-year decline of 8.2% in earnings and 1.1% in revenues, per our latest Earnings Outlook . In comparison, S&P 500 companies that have reported so far posted a 4% increase in earnings on a 2.7% rise in revenues […]

Chesapeake Energy Corporation CHK intends to divest a giant package of shallow natural gas assets in the U.S. region of Appalachia. Though the sale will not be highly accretive to revenues, it will assist the U.S […]

Allscripts Healthcare Solutions, Inc. MDRX reported third-quarter 2016 earnings of 11 cents per share, a penny above the Zacks Consensus Estimate. The figure also improved from 10 cents in the year-ago quarter […]

Computer software giant Adobe Systems Incorporated ADBE is acquiring TubeMogul TUBE a video advertising platform for $540 million, net of cash and debt. TubeMogul shares increased a massive 81.75% on Thursday in response to the news. […]

We are now in the final stretch of the Q3 earnings season, with most companies having reported their quarterly figures. Though a lot of activity has already been witnessed over the past weeks in the real estate investment trust (REIT) space, results are still pouring in from this industry. In fact, on Nov 14, Communications Sales & Leasing, Inc. […]

Leading provider of renal and hospital products cum services, Baxter International, Inc. BAX , announced that its Sigma Spectrum Infusion System was nominated as the best-in-class by a report of the KLAS research firm. In the Medical Equipment report, the Sigma Spectrum Infusion System was named as best for Smart Pumps – Large Volume Pumps […]

The bulk of the third-quarter earnings season is behind us with 445 S&P 500 members, representing 89% of the index’s total market capitalization, having already reported their results. The earnings recession is expected to end in the third quarter with positive growth arriving ahead of schedule. The third quarter can be interpreted as an inflection point where the growth trend is finally shifting from the negative territory to the positive territory […]

Microsemi Corporation ’s MSCC fourth-quarter fiscal 2016 adjusted earnings of 77 cents per share beat the Zacks Consensus Estimate by 4 cents. The company’s focus on improving product mix, operational efficiency, and consolidation has driven revenues and margins in the second half of calendar 2016. […]

On Nov 11, 2016 , we issued an updated research report on Exelon Corporation EXC . In third-quarter 2016, the company benefited from new electric rates and above-average temperatures in its service territories. However, price fluctuation in the wholesale power market, where the company sells a portion of its output, was a material headwind. […]