Stock Analysts

GameStop (GME) Q3 Earnings Beat, Stock Down on View Cut

GameStop Corp. GME reported third-quarter fiscal 2018 results, wherein both top and bottom lines came ahead of the Zacks Consensus Estimate and improved year over year. The solid performance was however not enough to placate investors, who seem to be let down by management’s trimmed outlook for fiscal 2018 […]

Stock Analysts

Tech Data (TECD) Earnings, Sales Surpass Estimates in Q3

Tech Data Corporation TECD posted robust third-quarter fiscal 2019 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Results were backed by double-digit growth in all the three regions coupled with improvement in operating margins. The company reported adjusted earnings of $3.02 per share in the third quarter of fiscal 2019. […]

Stock Analysts

Novartis’ Gilenya Approved in EU for Expanded Population

Novartis AG NVS announced that the European Commission (EC) has approved a label expansion of multiple sclerosis (MS) drug Gilenya (fingolimod). The drug is now approved in Europe for the treatment of children who are 10-17 years old with relapsing-remitting forms of multiple sclerosis (RRMS). Following the nod, the drug became the first and only oral disease-modifying treatment for children and adolescents who experience more severe relapses than adults. […]

Stock Analysts

AT&T Offers Future Strategic Insights: Key Notes to Consider

As the lines between entertainment and communications gradually blur, AT&T Inc. T continues to reinvent itself in order to evolve according to the changing consumer preferences. The company has recently offered some key insights into its corporate strategy as to how it plans to better serve customers through an integrated product portfolio, while maintaining a leading position in both these market categories. […]

Stock Analysts

AvalonBay Sees Higher-than-Expected Q4 Rental Revenue Growth

Per the recently-announced quarterly update, residential REIT AvalonBay Communities Inc. AVB expects rental revenues for established communities in Q4 to climb 2.5-2.6% from the prior-year quarter. The midpoint of the fourth-quarter outlook denotes a 15-basis-point (bp) expansion from what was expected for the quarter when it provided the 2018 established communities rental revenue growth outlook in October […]

Mergers & Acquisitions

Cargill expands its global poultry business in Colombia with acquisition of CAMPOLLO

Cargill expands its global poultry business in Colombia with acquisition of CAMPOLLO Acquisition will grow Cargill’s Colombian poultry operations to better serve its Latin American customers, welcoming more than 2,500 new employees PR Newswire BOGOTA, Colombia, Nov. 30, 2018 BOGOTA, Colombia , Nov. 30, 2018 /PRNewswire/ — Cargill has acquired Colombian-based CAMPOLLO, one of the country’s leading producers of chicken and protein products. […]

Technicals

Analysts Estimate Johnson Outdoor (JOUT) to Report a Decline in Earnings: What to Look Out for

Wall Street expects a year-over-year decline in earnings on higher revenues when Johnson Outdoor (JOUT) reports results for the quarter ended September 2018. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 7. […]