Economic Data

Q4 GDP 2.6%: Better than Expected

Thursday, February 28, 2019 The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago […]

Economic Data

Q4 2018 US GDP Surpass Estimates

The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. […]

Mergers & Acquisitions

CNX Resources Corporation Announces Tender Offer for its 5.875% Senior Notes due 2022

CNX Resources Corporation Announces Tender Offer for its 5.875% Senior Notes due 2022 PR Newswire PITTSBURGH, Feb. 28, 2019 PITTSBURGH , Feb. 28, 2019 /PRNewswire/ — CNX Resources Corporation (NYSE: CNX) (“CNX”) today announced that it has commenced a cash tender offer (the “offer”) to purchase up to $400.0 million aggregate principal amount of the approximately $1,294,307,000 aggregate principal amount outstanding of its 5.875% Senior Notes due 2022 (the “Notes”) […]

Stock Analysts

HP (HPQ) Q1 Earnings Meet Mark, Revenues Miss, Shares Fall

HP Inc.’s HPQ first-quarter fiscal 2019 non-GAAP earnings from continuing operations of 52 cents per share are in line with the Zacks Consensus Estimate. Meanwhile, the metric improved 8% on a year-over-year basis. HP’s total revenues of $14.7 billion missed the Zacks Consensus Estimate of $15.1 billion but inched up 1% year over year. […]