Mergers & Acquisitions

Penske Media Acquires Sourcing Journal

Penske Media Acquires Sourcing Journal PR Newswire NEW YORK, Oct. 30, 2017 NEW YORK , Oct. 30, 2017 /PRNewswire/ — Penske Media Corporation (PMC) and its subsidiary Fairchild Media announced the acquisition of Sourcing Journal, the premiere media brand for global executives focused on the sourcing and manufacturing industries. […]

Stock Analysts

Factors Likely to Impact TreeHouse Foods’ (THS) Q3 Earnings

TreeHouse Foods, Inc THS is slated to report third-quarter 2017 results on Nov 2, before the market opens. The company’s performance is expected to be negatively impacted by divestitures, stiff competition and rising commodity costs. However, its cost saving and business-restructuring initiatives, with enhanced focus on organic food products are expected to yield positive results. […]

Stock Analysts

Eni (E) Q3 Earnings Miss Estimates, Production Improves

Eni SpA E reported third-quarter 2017 adjusted earnings from continuing operations of 15 cents per American Depository Receipt/ADR, lagging the Zacks Consensus Estimate of 22 cents. The company reported a loss of 31 cents in the year-earlier quarter. The improvement mainly stemmed from higher production and realized prices. […]

Stock Analysts

Silicon Motion (SIMO) Q3 Earnings In Line, Revenues Beat

Silicon Motion Technology Corporation SIMO reported third-quarter non-GAAP earnings of 57 cents per American Depositary Share (ADS), which declined 46.7% from the year-ago quarter and 19.7% sequentially. The figure was in line with the Zacks Consensus Estimate. Net sales decreased 20% year over year and 4% from the previous quarter to $127.2 million […]

Stock Analysts

JC Penney (JCP) Plunges on View Cut, Drags Other Retailers

The stock market runs on sentiment and any unforeseen event in a particular sector has a ripple effect on others with a clear reflection on major indices that bear the brunt. The case is more or less the same for specific sectors that often observe good or bad performance by one player influencing the performance of others. […]

Stock Analysts

Apache (APA) Set to Beat Q3 Earnings on Permian Strength

Domestic energy explorer Apache Corporation APA is scheduled to report its third-quarter earnings on Thursday, Nov 2, before market opens. In the preceding three-month period, the company reported adjusted loss per of 21 cents against the Zacks Consensus Estimate for a profit of a penny. The underperformance stems from a dip in output due to a conservative capital budget over the past two years. […]