Month: March 2017

Machinery behemoth, The Middleby Corporation MIDD reported better-than-expected fourth-quarter 2016 results. However, over the last three months, shares of this Zacks Rank #4 (Sell) stock yielded a return of 0.80% – underperforming 6.67% gain provided by the Zacks categorized Machinery-General Industrial industry. […]

On Feb 28, we issued an updated research report on Kimco Realty Corporation KIM . This New Hyde Park, NY-based retail real estate investment trust (REIT) is one of the major owners and operators of neighborhood and community shopping centers in the U.S. Mall traffic continued to suffer amid shifting consumers’ shopping preferences and patterns toward online purchases […]

Fortress Investment Group LLC FIG reported fourth-quarter 2016 pre-tax distributable earnings of 27 cents per share, outpacing the Zacks Consensus Estimate of 24 cents. However, the reported figure represents a year-over-year decline of 10%. […]

Mead Johnson Nutrition Company MJN , a leading name in pediatric nutrition recently inked an agreement with Bega Cheese Limited. As per deal, Mead Johnson will acquire spray drying and finishing capabilities business for its products in Australia from the latter. Bega Cheese is one of the Australia’s leading dairy product companies whose relationship with Mead Johnson dates back to 2009 […]

Inogen Inc. INGN reported fourth-quarter 2016 earnings of 25 cents per share, which surpassed both the Zacks Consensus Estimate by 15 cents and the year-ago figure by 11 cents. The upside was driven by roughly 27.5% growth in revenues, which totaled $51 million, beating the Zacks Consensus Estimate of $46.0 million. […]

Mack-Cali Realty Corp. CLI reported fourth-quarter 2016 core funds from operations (“FFO”) per share of 56 cents, beating the Zacks Consensus Estimate by a penny. It was also up 19.1% from the prior-year quarter tally of 47 cents. […]

The long and short-term ratings for the U.S. Bancorp USB and its subsidiaries, including its bank subsidiary, U.S. Bank National Association, have been affirmed by Moody's Investors Service, the rating services arm of Moody's Corporation MCO . […]

Highwoods Properties, Inc. HIW , the Raleigh, NC-based real estate investment trust (“REIT”) has made the announcement that it has been selected by Mars Petcare for developing the latter’s U.S. […]

PPG Industries PPG will exhibit advanced Envirocron high transfer efficiency (“HTE") powder coatings at the Powder Coating 2017 Technical Conference in Indianapolis. Being TGIC-free and bisphenol A-free, Envirocron HTE coatings help to protect and beautify geometrically complex surfaces. […]

Volkswagen Aktiengesellschaft VLKAY has paid $2.9 billion through Feb 18, to buy back almost 138,000 vehicles as per a court document. The recalled vehicles have been affected by the emissions scandal. Last year, Volkswagen had agreed to spend $10.3 billion to repurchase up to 487,000 polluting 2 liter vehicles that had a software installed to enable them to use unfair means to clear the emission tests. […]

After two straight quarters of earnings miss, Lowe’s Companies Inc. LOW posted positive earnings surprise of 8.9% in the fourth quarter of fiscal 2016. Net sales also outperformed the Zacks Consensus Estimate, after missing the same in the preceding two quarters. […]

At the annual shareholders' meet held at Cupertino yesterday, Apple Inc . AAPL CEO Tim Cook, reportedly, said that the company has spent over $50 billion with suppliers toward manufacturing in the U.S. Per media reports, Cook further added that Apple has created around 2 million jobs in the country including manufacturing jobs. […]

Premier consulting and engineering services firm, Tetra Tech TTEK clinched a $25-million single-award contract from the U.S. Agency for International Development (USAID) to provide monitoring and evaluation services in Mozambique. […]

Shares of salesforce.com Inc. CRM slipped 3% in afterhours trade yesterday, following lower-than-expected earnings for fourth-quarter fiscal 2017. The company provided soft revenue guidance for the forthcoming quarter. […]