Month: September 2018

FLIR Systems, Inc. FLIR secured Indefinite Delivery, Indefinite Quantity (IDIQ) contract, worth $94.3 million at ceiling value, from the Federal Aviation Administration Logistics Center (“FAALC”). […]

Jabil, Inc. JBL reported better-than-expected fourth-quarter fiscal 2018 results wherein both the top and the bottom lines surpassed the Zacks Consensus Estimate and recorded year-over-year improvement. The company reported earnings of 70 cents per share, which beat the Zacks Consensus Estimate of 68 cents and were higher than the prior-year quarter’s figure of 64 cents […]

The merger of People’s United Financial PBCT and First Connecticut Bancorp FBNK announced in June 2018 has been approved by shareholders of the to-be-acquired company at a special meeting held on Sep 25. Along with this, the companies announced the receipt of all the necessary regulatory approvals for the buyout, which is expected to close on Oct 1. At the time of announcement, People’s United had said that the deal was worth nearly $544 million. […]

Exxon Mobil Corporation XOM boosted the production of ultra-low sulfur fuels by about 45,000 barrels per day (bpd) with the start-up of a new unit at the integrated facility in Beaumont, TX. A proprietary catalyst system has been developed by the company and installed in the facility, which will eradicate sulfur and meet U.S. Environmental Protection Agency qualifications while reducing octane loss. […]

Hologic, Inc. HOLX signed a definitive agreement to acquire Focal Therapeutics. […]

Actuant Corporation ATU delivered better-than-expected results in the fourth quarter of fiscal 2018 (ended Aug 31, 2018.) This was the company’s second consecutive quarter of positive earnings beat. This industrial tool maker’s adjusted earnings per share in the reported quarter were 39 cents, reflecting increase of 11.4% from the Zacks Consensus Estimate of 35 cents. On a year-over-year basis, the bottom line expanded 105.3% from the year-ago tally of 19 cents. […]

Driven by strong fundamentals and good growth prospects, Fulton Financial Corporation FULT looks like an attractive investment option right now. Moreover, its earnings estimates have been increasing lately, indicating analysts’ optimism regarding the company’s growth potential. The Zacks Consensus Estimate for 2018 earnings has been revised 1.8% upward over the past 60 days. […]

MPLX LP MPLX recently acquired an export and storage terminal in Louisiana for $450 million from Pin Oak Holdings, LLC — a storage and logistics company. The deal is expected to expand the partnership’s gasoline and diesel exporting capacity from the Gulf Coast. MPLX is a sponsored master limited partnership of Marathon Petroleum Corporation MPC […]

With the final bell of Brexit drawing close, a slow pace of negotiations between Britain and European Union (EU) has raised concerns for auto manufacturers. This also puts strain on Britain’s auto industry that employs roughly 850,000 people and exports about 45% to EU nations. Lack of clarity in trade, customs and other major issues has increasingly placed the carmakers in a tight spot pertaining to Britain’s separation from the EU […]

Cerner Corporation ’s CERN coveted CommunityWorks was recently selected by Pershing Health System to implement its electronic health record (“EHR") and revenue cycle management solutions (“RCM”). Pershing Health System, a 25-bed Critical Access Hospital located in Brookfield, MO, will receive health IT solutions from Cerner to support rural community health care organizations. Pershing Health System will also leverage on Cerner Millennium, a digital record of patient’s health data […]

FactSet Research Systems Inc. FDS reported dismal fourth-quarter fiscal 2018, with earnings and revenues missing the Zacks Consensus Estimate. […]

With a market capitalization of approximately $2.51 billion, Allscripts Healthcare Solutions Inc. MDRX is likely to gain from higher adoption of Electronic Health Record (EHR) solutions, particularly the Sunrise EHR platform. However, intense competition in the MedTech space is a headwind. […]

Cenovus Energy Inc. CVE has signed accords for carrying heavy crude to the U.S. Gulf Coast from Northern Alberta. […]

Consumer confidence in the country grew unexpectedly in September, following solid improvement in August, according to a report by the Conference Board. Consumers’ evaluation of current conditions remained extremely optimistic, as job and economy remained on a growth trajectory. Rising consumer confidence also indicates consumers’ limited concerns about their nation’s ongoing trade disputes with China and other nations […]

McCormick & Company, Incorporated MKC posted third-quarter fiscal 2018 results, wherein earnings were in line with the Zacks Consensus Estimate, while sales missed the same. Nevertheless, the top and the bottom lines improved year over year. The quarterly results benefited from growth in segments as well as improved margins. […]

Bed Bath & Beyond Inc. BBBY reported dismal results in second-quarter fiscal 2018, wherein the top and bottom line lagged estimates. The bottom-line figures also declined on a year-over-year basis […]