Month: February 2019

Public Service Enterprise Group Inc . PEG , or PSEG, reported fourth-quarter 2018 adjusted operating earnings of 56 cents per share, surpassing the Zacks Consensus Estimate of 55 cents by 1.8%. The bottom line, however, slipped 1.8% on a year-over- year basis […]

Shares of Mylan N.V MYL have declined 9.7% in after-market trading, after the company reported lower-than-expected results for the fourth quarter and issued a tepid 2019 guidance. Mylan’s stock has lost 31.8% in the past six months compared with the industry’s decline of 24.3%. […]

Golar LNG Limited ’s GLNG newly incorporated subsidiary — Gimi MS Corporation — has signed a 20-year Lease and Operate Agreement (LOA) with BP for the charter of an FLNG vessel, Gimi. The agreement is aimed at servicing the Greater Tortue Ahmeyim project. […]

Safety Insurance Group, Inc . SAFT reported fourth-quarter 2018 operating income per share of $1.83, increasing nearly three-fold from 67 cents earned in the year-ago quarter. […]

American International Group, Inc. AIG is in troubled waters, thanks to challenges in the property and casualty markets that have dented revenues in one of its most important business — the General Insurance. Other macro factors such as low interest rates, currency exchange rates, credit and equity market conditions as well as catastrophic events have also acted as dampeners […]

Warren Buffett’s holding company Berkshire Hathaway BRK.B is betting big on a number of financial organizations in the United States, per the company’s annual shareholder letter released last week. The company raised its holdings in seven companies in the fourth quarter, out of which four are big banks. Berkshire’s recently raised investments are a combination of banks and financial services firms, which reflect the company’s interest in gaining exposure to the American financial sector. […]

Fiat Chrysler Automobiles N.V. FCAU will invest $4.5 billion in five of its existing facilities in Michigan and work towards building a new assembly plant within the city limits of Detroit, MI. The improved capacity will aid Fiat Chrysler to meet the rising demand for Jeep and Ram brands […]

Cracker Barrel Old Country Store, Inc. CBRL reported better-than-expected results for the second quarter of fiscal 2019. Adjusted earnings of $2.52 per share surpassed the Zacks Consensus Estimate of $2.46 by 2.4% […]

Navigant Consulting, Inc. NCI reported fourth-quarter 2018 adjusted earnings per share (from continuing operations) of 10 cents lagged the consensus mark by 3 cents but came ahead of the year-ago figure by a penny. The bottom line benefited from lower net interest costs and lower share count, which offset lower operating profitability […]

Global Payments Inc. GPN is poised for long-term growth on the back of solid revenue growth, accretive acquisitions that complement organic growth, technological investments and solid capital position. Shares of this Zacks Rank #2 (Buy) company have rallied 24% year to date compared with the S&P 500 Index’s growth of 12.2%. […]

Tandem Diabetes Care, Inc. TNDM reported earnings per share of 2 cents in fourth-quarter 2018 compared with net loss of $1.23 posted in the year-ago period. […]

Cheniere Energy, Inc. LNG reported fourth-quarter 2018 net earnings per share of 26 cents, missing the Zacks Consensus Estimate of 36 cents. The weaker-than-expected results can be attributed to high costs incurred during the quarter. […]

Nabors Industries Ltd. NBR reported fourth-quarter 2018 adjusted loss from continuing operations of 55 cents per share, much wider than the Zacks Consensus Estimate of 16 cents due to weak performance of the international drilling segment. The reported figure was also wider than the year-ago adjusted loss of 40 cents per share. […]

Big 5 Sporting Goods Corporation BGFV reported fourth-quarter 2018 results. The company incurred an adjusted loss of 16 cents per share in the quarter, which matched the Zacks Consensus Estimate. […]

Chesapeake Energy Corporation CHK reported fourth-quarter 2018 earnings per share (excluding special items) of 21 cents, beating the Zacks Consensus Estimate of 17 cents. However, the bottom line declined from the year-ago quarter’s 30 cents. […]

Bayer AG ’s BAYRY fourth-quarter 2018 core earnings per share were down 24.3% year over year to 31 cents, per American Depositary Receipt (“ADR”), compared with the Zacks Consensus Estimate of 26 cents. However, loss per share was $1.14, per ADR. The loss was due to a series of impairments at the company’s consumer health and pharmaceutical divisions, and one-off charges associated with the Monsanto takeover […]