Mergers & Acquisitions

Perspecta Completes Acquisition of Knight Point Systems

Perspecta Completes Acquisition of Knight Point Systems – Extends Perspecta’s innovative offerings portfolio with proven cloud, applications and cyber solutions and the delivery of managed IT services – Aligns two successful business strategies with highly-skilled talent and mission-focused cultures – Drives new market opportunities and reach for Perspecta’s business development engine via further differentiation, managed services business models and scale, substantial intellectual property (IP) and end-to-end solutions PR Newswire CHANTILLY, Va., Aug. 1, 2019 CHANTILLY, Va. […]

Stock Analysts

Agios’ (AGIO) Loss Widens in Q2, Tibsovo Drives Sales

Agios Pharmaceuticals, Inc. AGIO reported second-quarter 2019 loss of $1.87 per share, wider than the Zacks Consensus Estimate of a loss of $1.73 and also the year-ago loss of $1.19. However, total revenues in the reported quarter were $26.2 million, higher than the Zacks Consensus Estimate of $24.6 million but lower than the year-ago top-line figure of $40.4 million […]

Stock Analysts

Nabors (NBR) Q2 Loss Wider Than Expected, Rig Count Grows

Nabors Industries Ltd.’s NBR second-quarter 2019 loss from continuing operations (excluding special items) came in at 41 cents per share, wider than the Zacks Consensus Estimate of 21 cents as well as the year-ago adjusted loss of 39 cents, primarily due to weak performance of the international drilling segment. Quarterly revenues of $771.9 million also fall short of the Zacks Consensus Estimate of $798 million. However, the top line was higher than the year-ago level of $758.8 million, attributable to Nabors’ resilient North American operations […]

Mergers & Acquisitions

Net at Work Acquires Southeast Computer Solutions, a Leading Sage Partner and Business Technology Consulting Firm

Net at Work Acquires Southeast Computer Solutions, a Leading Sage Partner and Business Technology Consulting Firm Acquisition of one of the industry’s most respected and trusted consultancies expands Net at Work’s footprint and expertise; Southeast clients have access to Net at Work’s full range of transformative technology solutions to unleash their full business potential. PR Newswire NEW YORK, Aug. 1, 2019 NEW YORK , Aug […]

Stock Analysts

Intercontinental Exchange (ICE) Q2 Earnings & Revenues Top

Intercontinental Exchange ICE reported second-quarter 2019 adjusted earnings per share of 94 cents, beating the Zacks Consensus Estimate by 2.2%. Also, the bottom line improved 4.4% on a year-over-year basis. The company witnessed strength in global energy business and compounding growth in subscription-based Data & Listings business. […]

Stock Analysts

Eversource (ES) Q2 Earnings Top Estimates, Revenues Miss

Eversource Energy ES reported second-quarter 2019 operating earnings of 74 cents per share, beating the Zacks Consensus Estimate by a penny. GAAP earnings in the second quarter were 10 cents compared with 76 cents in the year-ago period. Total Revenues Second-quarter revenues of $1,884.5 million lagged the Zacks Consensus Estimate of $1,923 million by 2% but improved 1.6% from the year-ago figure of $1,853.9 million […]

Stock Analysts

Curtiss-Wright (CW) Q2 Earnings Top Estimates, Orders Up Y/Y

Curtiss-Wright Corporation CW reported second-quarter 2019 adjusted earnings of $1.90 per share, which surpassed the Zacks Consensus Estimate of $1.77 by 7.3%. Excluding one-time items, GAAP earnings came in at $1.86 per share, up 10.7% from $1.68 registered in the year-ago quarter. This year-over-year improvement can be attributed to higher segment operating income, lower interest expense and a lower share count. […]

Stock Analysts

Aegion’s (AEGN) Q2 Earnings & Revenues Surpass Estimates

Aegion Corporation AEGN reported second-quarter 2019 results, wherein earnings and revenues topped the respective Zacks Consensus Estimate, courtesy of strong performance from Infrastructure Solutions and Energy Services. The company reported adjusted earnings per share (EPS) of 37 cents, beating the consensus estimate of 36 cents by 2.8% and increasing 9% from the year-ago profit level. Additionally, total revenues of $318.7 million topped the consensus mark of $315.8 million by 1%. […]

Stock Analysts

Huntington Ingalls (HII) Q2 Earnings Miss, Revenues Up Y/Y

Huntington Ingalls Industries, Inc.’ s HII second-quarter 2019 earnings of $3.07 per share missed the Zacks Consensus Estimate of $3.56 by 13.8%. The bottom line also decreased 43.1% from $5.40 registered in the prior-year quarter. The year-over-year decline in earnings can be attributed to lower operating income, an unfavorable change in the non-operating retirement benefit and a higher effective income tax rate compared with the prior-year quarter. […]