Month: November 2016

Manulife Financial Corp . MFC reported third-quarter 2016 core earnings of $764 million (C$996 million), up 14% year over year. The improvement was driven by core investment gains, in-force and new business growth in Asia, and improved policyholder experience due to the annual actuarial review […]

EnerSys ENS maintained its recent streak of earnings beats alive with its second-quarter fiscal 2017 adjusted earnings of $1.15 per share, which surpassed the Zacks Consensus Estimate of $1.08 by 6.5%. The bottom line fared even better on a year-over-year comparison, improving 18.6% from the prior-year tally of 97 cents. The company’s shares were up 7.2% following the solid results […]

The U.S. telecom regulator, Federal Communications Commission (FCC) recently levied charges on U.S. telecom and pay-TV behemoth AT&T Inc […]

TransDigm Group Incorporated TDG is slated to report fourth-quarter fiscal 2016 results, before the opening bell on Nov 14. TransDigm has a decent earnings surprise history. […]

The Q3 earnings season is in its final phase and recent trends indicate that the quarter has been an extremely successful one, particularly in terms of bottom-line growth. With results from 89% S&P 500 companies available, our latest Earnings Preview report shows 4% year-over-year growth in earnings. Revenues have expanded 2.7% on an annualized basis. […]

Agree Realty Corp. ADC inked a deal to amend and restate its senior unsecured credit facility. Per the agreement, the facility will be raised to $350 million. […]

The third-quarter earnings season is in its final stretch, with more than 455 S&P 500 companies having already reported results till Nov 9. We notice that results in the third quarter have improved remarkably from the preceding quarters and would likely end up being in the optimistic territory after five repeated seasons of earnings decline for the benchmark index. However, while estimating the performance of U.S.-based industrial stocks, we believe that factors like election-induced market instability, a strong U.S. […]

In an effort to drive up shareholders’ returns, the board of multi-line insurance giant MetLife Inc. MET announced the sanction of a new $3 billion share repurchase program. The new buyback program, its largest ever, is in line with management’s long-term target of generating incremental shareholder returns. […]

We are in the final lap of the third-quarter earnings season, with 345 companies or 89% of the companies of the S&P 500 having reported their quarterly numbers logging a 4% increase in earnings driven by 2.7% higher revenues We are finally set for a turnaround this quarter with the earnings graph entering the positive territory after remaining in the red for the last five quarters. Per our latest Earnings Outlook , overall third-quarter earnings for the S&P 500 index are now expected to rise 3.3% while revenues are anticipated to increase 1.5%. […]

Integrated energy major Royal Dutch Shell plc RDS.A recently announced its plan to invest $10 billion in Brazil over a span of five years. The company intends to tap into the increased opportunities for foreign companies in the Brazilian oil industry with this move. […]

Advance Auto Parts Inc. AAP is expected to report third-quarter fiscal 2016 results after the market closes on Nov 14. In the last quarter, the company posted a negative earnings surprise of 10.8%. […]

We are nearing the end of this busy earnings season, with 89% of the total S&P 500 index members having released their third-quarter 2016 results through Nov 9. Results have improved considerably from the previous quarters and are expected to end up in the positive territory after five consecutive quarters of earnings decline for the S&P 500 index. […]

Information technology services provider CACI International Inc. CACI recently secured a long-term contract from the U.S. Air Force Satellite Control Network (“AFSCN”) worth $446 million […]

With 89% of the S&P 500 members having already reported their results, the Q3 reporting cycle is soon to wrap up. Though earnings and revenue growth for the reported index members is still low, an improvement over other recent periods is palpable. In fact, it is being said that the earnings recession has come to an end in Q3 . […]

The Q3 earnings season is in the last leg, with as many as 445 of the S&P 500 Index members having released results so far. Reported earnings were up 4% year over year on 2.7% higher revenues. […]

NVIDIA Corp. NVDA posted third-quarter fiscal 2017 adjusted earnings (including stock-based compensation but excluding other one-time items) on a proportionate tax basis of 83 cents per share for the quarter, up on a year-over-year basis. The Zacks Consensus Estimate was pegged at 57 cents […]

Companhia de Saneamento Basico do Estado de Sao Paulo or SABESP SBS reported impressive results for third-quarter 2016. The company’s net income totaling R$573.9 million ($177.1 million) improved over net loss of R$580.1 million ($164.8 million) recorded in the year-ago quarter. […]

In the game of stocks, winning means reaching a higher price. However, finding a win-win strategy is easier said than done. When the markets are choppy marked by widespread global growth concerns, it is difficult for even an insightful investor to come up with a foolproof approach. […]

Cognizant Technology Solutions Corporation CTSH announced that its cloud solutions have been deployed by ACCO Brands Corporation ACCO to boost its IT infrastructure. This will improve performance and lower costs for ACCO Brands. Cognizant has leveraged its strategic partnership with Microsoft MSFT and SAP SE SAP to enable ACCO Brands migrate its workload from enterprise SAP systems, which was an on-premise data center to the Microsoft Azure cloud platform. […]