Month: August 2017

Campbell Soup Company CPB posted fourth-quarter fiscal 2017 results, wherein both earnings and sales came below the Zacks Consensus Estimate, with sales marking its third straight miss. Management blamed the murky quarter on a difficult scenario in the packaged food industry, where sales remained soft due to consumers changing food preferences, evolving shopping trends and a tough retail environment. […]

Kirkland's, Inc. KIRK was able to impress investors with its recently reported second-quarter fiscal 2017 results, on the back of improved store sales and e-Commerce business. Consequently, shares of this leading home decor retailer surged 38.3% since its quarterly results released on Aug 22. […]

In a bid to boost operating synergy and focus, sensor systems maker FLIR Systems, Inc. FLIR recently announced that it has reduced its business segments to half. The internal shake-up is in line with the company’s streamlining efforts to boost operational excellence. […]

ExxonMobil XOM recently announced plans to donate more funds for Harvey relief support. The tropical cyclone has been responsible for heavy downpour in the Texas and Louisiana Gulf Coast regions. Thousands of people have been reallocated as water levels continue to rise […]

After announcing the shutdown of 379 stand-alone Teavana stores last month, Starbucks Corporation SBUX plans to close its online operations on Oct 1. Although there was no announcement from the company, a representative confirmed the same to Business Insider. Starbucks’ website currently offers discounts on various products as part of a liquidation sale till the beginning of October. […]

Dividend is a major source of consistent income for investors when returns from the equity market are at risk. Dividend paying stocks are primarily mature companies, which are less susceptible to large swings in the market. Their market leading position, large customer base, sustainable business model, long track of profitability and strong liquidity allow them to offer outsized payouts or sizable yields on a regular basis irrespective of the market direction […]

Novartis AG NVS announced that the FDA has approved its breakthrough gene transfer treatment, Kymriah (tisagenlecleucel) suspension for the treatment of patients up to 25 years of age with B-cell precursor acute lymphoblastic leukemia (ALL) that is refractory or in second or later relapse. Kymriah, formerly CTL019, is the first chimeric antigen receptor T cell (CAR-T) therapy approved. A novel immunocellular therapy and one-time treatment, Kymriah uses patient's T cells to fight cancer […]

The U.S. equity market has been subdued due to domestic as well as international factors. Concerns pertaining to recent actions of the Trump administration, havoc wreaked by Harvey and the North Korea-Japan tensions have kept markets on the edge. […]

Wokday Inc. WDAY reported fiscal second-quarter 2018 non-GAAP earnings of 24 cents per share, which beat the Zacks Consensus Estimate of 15 cents. Revenues of $525.3 million increased 39.1% year over year and beat the consensus mark of $507.4 million […]

Eli Lilly & Company LLY and partner Incyte Corporation INCY announced that they will re-submit the new drug application (NDA) for its rheumatoid arthritis (RA) drug, baricitinib much faster than previously expected. The NDA is expected to be re-submitted in January next year. […]

Apple Inc. AAPL is facing an antitrust complaint in China. […]

Teva Pharmaceutical Industries Ltd. TEVA announced that the FDA has approved a label expansion for its drug, Austedo. With the latest FDA approval, Austedo’s label has been expanded to include treatment of tardive dyskinesia, a debilitating and often irreversible movement disorder. […]

PayPal PYPL yesterday launched PayPal Cashback Mastercard in partnership with Synchrony Financial SYF . The card offers 2% cash back on every purchase. The move expands PayPal’s ongoing relationships with Mastercard MA and Synchrony Financial. […]

Semtech Corporation SMTC reported mixed fiscal second-quarter 2018 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. While non-GAAP earnings of 48 cents beat the consensus mark by 2 cents, revenues missed the same by $3 million. Earnings increased 9.1% sequentially and 37.1% year over year […]

In order to better align manufacturing footprints, Ball Corporation BLL announced to cease production at its three beverage packaging plants namely Birmingham, AL; Chatsworth, CA; and Longview, TX. Following the closure, the existing customers will be supplied by other facilities. The Birmingham plant has been operating for almost 65 years. […]

Phibro Animal Health Corporation PAHC reported adjusted earnings per share (EPS) of 39 cents in the fourth quarter of fiscal 2017, up 21.9% year over year. Adjusted EPS also surpassed the Zacks Consensus Estimate of 35 cents. […]

Solar module manufacturer, Canadian Solar Inc. CSIQ announced that its 27.3 megawatt-peaks (MWp) solar photovoltaic (PV) power plant in Tottori Prefecture, Japan has initiated commercial operations from Aug 10, 2017. The solar PV plantis being powered by the company’s 85,320 high-efficiency MaxPower modules and is expected to generate nearly 26,259 megawatt-hour (MWh) of clean and reliable solar electricity every year […]

Upstream energy player ConocoPhillips COP has committed to contribute $5 million for providing relief to victims of the tropical storm — Harvey. The cyclone has been responsible for heavy downpour in the Texas and Louisiana Gulf Coast regions. Thousands have been reallocated as water levels continue to rise […]

Dollar General Corporation DG delivered positive earnings surprise for the third consecutive quarter, when the company posted second-quarter fiscal 2017 results. The company reported earnings of $1.08 per share. However, on an adjusted basis earnings per share came in at $1.10, beating the Zacks Consensus Estimate by a penny and also increased 2% year over year […]