Technicals

Biogen (BIIB) Q4 Earnings Miss, Sales Top, Stock Up

Cambridge, MA-based Biogen Inc . BIIB holds a strong position in the multiple sclerosis (MS) market with a wide range of products including Avonex, Tysabri, Tecfidera and Plegridy. However, as competition in the MS market intensifies, Biogen is trying to diversify beyond MS to other areas like Alzheimer's, Parkinson's, stroke, among others. […]

Technicals

Northrop (NOC) Tops Q4 Earnings Estimates, Backlog Drops

Falls Church, VA-based aerospace and defense operator Northrop Grumman Corporation NOC supplies a broad array of products and services to the U.S. Department of Defense, including electronic systems, information technology, aircraft, space technology and systems integration services. Estimate Trend & Surprise History Investors should note that Zacks Consensus Estimate for the fourth quarter for earnings of $2.75 per share has increased by 0.4% over the last 60 days. […]

Technicals

Raytheon (RTN) Tops Q4 Earnings, Misses Revenues Estimate

Raytheon Company RTN is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services […]

Mergers & Acquisitions

Envista Forensics Announces Definitive Agreement to Acquire SAMAC Engineering

Envista Forensics Announces Definitive Agreement to Acquire SAMAC Engineering PR Newswire TORONTO and ATLANTA, Jan. 25, 2018 Expands Canadian Forensic Consulting Capabilities in Western Canada TORONTO and ATLANTA , Jan. 25, 2018 /PRNewswire/ — Robert Wedoff, President of Envista Forensics (“Envista”), announced today the signing of a definitive agreement to acquire SAMAC Engineering Ltd, a leading national provider of failure analysis services to insurance, legal and commercial clients. […]

Technicals

McCormick (MKC) Q4 Earnings & Sales Surge 21% Year Over Year

McCormick & Company, Incorporated MKC came out with fourth-quarter fiscal 2017 results, wherein adjusted earnings of $1.54 per share came ahead of the Zacks Consensus Estimate of $1.52 and surged 21.3% year-over-year. The company expects adjusted earnings for fiscal 2018 in a range of $4.80-4.90 per share, reflecting a 13-15% growth year-over-year. […]