Mergers & Acquisitions

JMC Capital Partners Announces Source Code’s Acquisition of Broadberry Data Systems

JMC Capital Partners Announces Source Code’s Acquisition of Broadberry Data Systems PR Newswire BOSTON, Oct. 31, 2019 BOSTON , Oct. 31, 2019 /PRNewswire/ — JMC Capital Partners (“JMC”) ( www.jmccp.com ) is pleased to announce that its portfolio company Source Code, LLC (“Source Code”) has completed the acquisition of Broadberry Data Systems (“Broadberry”), based in London England. […]

Stock Analysts

Cirrus Logic (CRUS) Q2 Earnings Surpass Estimates, Rise Y/Y

Cirrus Logic CRUS delivered second-quarter fiscal 2020 non-GAAP earnings per share of $1.55, which topped the Zacks Consensus Estimate of 95 cents as well as the year-ago figure of $1.08. Total revenues of $389 million also surpassed the Zacks Consensus Estimate of $321 million and improved 6.2% year over and 63% sequentially as well. […]

Stock Analysts

Selective Insurance (SIGI) Q3 Earnings Miss, Decline Y/Y

Selective Insurance Group, Inc. SIGI reported third-quarter 2019 operating income of 97 cents, missing the Zacks Consensus Estimate by 12.6% due to increased levels of non-catastrophe property losses and employee-related severance costs. Moreover, the bottom line declined 2% from the year-ago period’s number. […]

Stock Analysts

Can Strong Cloud Growth Propel Alibaba’s (BABA) Q2 Earnings?

Alibaba Group Holding Limited ’s BABA expanding core commerce and cloud portfolio are expected to positively reflect on fiscal second-quarter results, slated to release on Nov 1. Alibaba’s cloud business has fast emerged as a major contributor to top-line growth. In the last reported quarter, revenues from its core commerce segment were up 44% year over year to RMB99.5 billion (US$14.5 billion). […]