Olympic Steel (ZEUS) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items […]
Summit Materials (SUM) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. […]
Spark Power Expands Western Canada Footprint with the Addition of 3-Phase Electrical to the Spark Power Group of Companies PR Newswire OAKVILLE, ON, Aug. 1, 2019 OAKVILLE, ON , Aug. […]
eStruxture Acquires Calgary Data Center from Shaw Communications; Becomes the Largest Carrier-Neutral Data Center Provider in Calgary PR Newswire CALGARY, Alberta, Aug. 1, 2019 CALGARY, Alberta , Aug. 1, 2019 /PRNewswire/ — eStruxture Data Centers , a leading Canadian provider of carrier and cloud-neutral data center solutions, announced today that it has signed an agreement to acquire from Shaw Communications Inc […]
On Jul 31, the Federal Reserve reduced the federal funds target rate for the first time since Dec 16, 2008. At that point, the U.S. economy was passing through a major economic crisis, which was threatening to weigh on the global economy. […]
On Jul 31, after its two-day FOMC meeting, Fed decided to reduce benchmark lending rate by 25 basis points to the range of 2-2.25%, in line with market expectations. Notably, this was the first rate cut by the central bank since Dec 16, 2008, when the economy fell in the great recession. Despite this, Wall Street plunged as the three major stock indexes –- the Dow, S&P 500 and Nasdaq Composite –- fell 1.2%, 1.1% and 1.2%, respectively […]
Arosa+LivHOME to Acquire The Cameron Group Pending Regulatory and Licensure Approval Upholding its Reputation as the Leading Provider of Aging Life Care Services™ PR Newswire LOS ANGELES, Aug. 1, 2019 LOS ANGELES , Aug. […]
Franklin Energy Group Shifting Ownership to Abry Partners PR Newswire PORT WASHINGTON, Wis. and BOSTON, Aug. […]
J.C. Flowers and Baring Private Equity Asia Announce Sale of Korean Consumer Finance Company Acuon Capital PR Newswire NEW YORK, Aug. […]
Return on equity is one of the most sought-after metrics by investors. The metric enables investors to differentiate between a profit-churner and a profit-burner. […]
Olin Corporation OLN swung to a loss of $20 million or 12 cents per share in second-quarter 2019, from a profit of $58.6 million or 35 cents per share a year ago. Barring one-time items, adjusted loss for the quarter was a penny per share, matching the Zacks Consensus Estimate. The chemical maker’s revenues fell roughly 8% year over year to $1,592.9 million in the quarter. […]
Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of 86 cents, below the Zacks Consensus Estimate of $1.22 and the year-ago profit of $1.12. The worse-than-expected bottom line could be attributed to lower oil and gas prices. The Hague-based Shell reported revenues of $91.8 billion, which were 7.5% below the second-quarter 2018 sales of $99.3 billion but marginally beat the Zacks Consensus Estimate of $91.6 billion on higher production […]
Marken Acquires Japanese Logistics Company Acquisition of PCX Expands the Company’s Footprint in Japan PR Newswire RESEARCH TRIANGLE PARK, N.C., Aug. 1, 2019 RESEARCH TRIANGLE PARK, N.C. , Aug. […]
An Earnings Miss: Europe’s largest oil company Royal Dutch Shell plc RDS.A reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of 86 cents, below the Zacks Consensus Estimate of $1.22 and the year-ago profit of $1.12. Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 1% downward over the last 30 days. Coming to earnings surprise history, the blue-chip company has a mixed record: its beaten estimates in two of the last four quarters, as shown in the chart below: Royal Dutch Shell PLC Price and EPS Surprise Royal Dutch Shell PLC price-eps-surprise | Royal Dutch Shell PLC Quote Revenues: Revenues of $91.8 billion were 7.5% below the second-quarter 2018 sales of $99.3 billion but marginally beat the Zacks Consensus Estimate of $91.6 billion. […]
Cint Acquires P2Sample to Expand Its Audience Reach and Enhance Powerful Programmatic Capabilities PR Newswire STOCKHOLM, Aug. 1, 2019 STOCKHOLM , Aug. 1, 2019 /PRNewswire/ — Cint , the technology platform that accelerates insight gathering in marketing research, today announces its acquisition of 100 percent of P2Sample , a U.S.-based company with one of the most powerful programmatic sampling platforms in the consumer insights industry. […]
Florida Market Leader in Home Improvement Begins National Expansion with Acquisition of Texas Market Leader Florida Home Improvement Associates has acquired Statewide Remodeling of Texas in the first phase of its national growth strategy PR Newswire FORT LAUDERDALE, Fla., Aug. 1, 2019 FORT LAUDERDALE, Fla. […]
Sappi increases pulp integration to secure supply and decrease costs. Will acquire Matane Mill in Quebec Canada from Rayonier Advanced Materials (RYAM) PR Newswire JOHANNESBURG, Aug. 1, 2019 JOHANNESBURG , Aug. […]
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