Stock Analysts

Key Predictions for Q3 Earnings Reports of CBS & DISCA

The Q3 earnings season is moving full steam ahead with multiple reports lined up for release this week. Per our Earnings Outlook report as of Oct 27, out of the 272 S&P 500 companies that have come up with their quarterly numbers, approximately 75.7% posted positive earnings surprises, while 66.2% beat top-line expectations. According to the report, earnings for the 272 S&P 500 companies that have reported so far are up 8.7% from the same period last year, while revenues have increased 6.7%. […]

Stock Analysts

AK Steel (AKS) Earnings and Revenues Miss Estimates in Q3

AK Steel Holding Corporation AKS missed earnings and sales estimates in third-quarter 2017. The steel maker reported net loss of $5.8 million or 2 cents per share in the reported quarter as compared to the net income of $50.9 million or 21 cents recorded in the prior-year quarter. Barring costs related to the acquisition of Precision Partners and debt refinancing (totaling $13.1 million), adjusted earnings for the quarter came in at 2 cents per share, missing the Zacks Consensus Estimate of 3 cents. […]

Stock Analysts

Concho Resources (CXO) Tops Q3 Earnings & Sales Estimates

Permian-focused energy explorer Concho Resources Inc. CXO reported strong third-quarter revenues and earnings results on the back of higher commodity price realizations and robust production growth. The company reported adjusted net earnings per share of 45 cents, comfortably beating the Zacks Consensus Estimate of 26 cents. […]

Stock Analysts

PetroChina (PTR) Q3 Earnings Jump on Oil Rebound, Cost Cuts

Chinese oil and gas giant PetroChina Company Limited PTR announced third-quarter 2017 earnings of RMB 4,690 million or RMB 0.03 per diluted share, compared with RMB 1,200 million or RMB 0.01 per diluted share a year earlier. The positive comparisons can be primarily attributable to higher oil prices and strict cost control, which helped its biggest unit — exploration and production — to swing to profitability. Moreover, China’s dominant oil and gas producer’s total revenues for the three months under consideration rose 17.1% from the year-ago period to RMB 481,795 million. […]

Stock Analysts

ONEOK (OKE) Q3 Earnings Miss Estimates, Maintains Guidance

ONEOK Inc. OKE reported third-quarter 2017 operating earnings of 43 cents per share, missing the Zacks Consensus Estimate of 45 cents by 4.4%.Further, earnings declined 2.3% year over year. Total Revenue s ONEOK’s total revenues of $2,906.4 million surpassed the Zacks Consensus Estimate of $2,800 million by 3.8%. […]

Technicals

Cognizant (CTSH) Q3 Earnings Top Estimates, Revenues In Line

Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp CTSH is a leading provider of information technology, consulting and business process outsourcing services. The company was spun off from Dun & Bradstreet in 1996 and went public in Jun 1998. Cognizant primarily serves four domains: Financial Services, Healthcare, Manufacturing, Retail and Logistics and Other (includes Communications, Information, Media & Entertainment and High Technology) […]

Technicals

Agios (AGIO) Q3 Loss Narrower than Expected, Sales Beat

Agios Pharmaceuticals, Inc. AGIO is a development-stage biopharmaceutical company focused on the development of treatments for cancer and rare genetic metabolic disorders. Recently, Agios along with its partner Celgene announced that the FDA has granted approval to its lead candidate Idhifa for the treatment of adult patients with relapsed or refractory AML (R/R AML) with an isocitrate dehydrogenase-2 (IDH2) mutation […]

Technicals

Pitney Bowes (PBI) Lags on Q3 Earnings, Tweaks Guidance

Pitney Bowes Inc. PBI is one of the largest providers of mail processing equipment and integrated mail solutions across the world. It offers a full suite of equipment, supplies, software and services for end-to-end mainstream solutions, which enables its customers to optimize the flow of physical and electronic mail, documents and packages across their operations. […]

Mergers & Acquisitions

Allant Group Acquires RiverPoint Solutions Group, a Leading Provider of Campaign Management Solutions

Allant Group Acquires RiverPoint Solutions Group, a Leading Provider of Campaign Management Solutions PR Newswire CHICAGO, Nov. 1, 2017 CHICAGO , Nov. 1, 2017 /PRNewswire/ — Allant Group, a nationally recognized, data-driven analytics firm, announced its acquisition of RiverPoint Solution Group, one of the leaders in delivering marketing solutions that increase customer value and engage prospects through seamless message management across owned, paid and social media […]