Shares of PriceSmart Inc. (NASDAQ: PSMT) fell about 3.30% by afternoon trade. The warehouse club operator late on Wednesday said that fiscal third quarter net income rose 18%, aided by higher sales; nevertheless, adjusted earnings fell short of analysts’ estimation. Amid macroeconomic uncertainty, more and more U.S. consumers have been buying goods of daily needs [...]
Costco Wholesale Corporation’s (NASDAQ: COST) same-store sales rose more-than-expected in June. The discount retailer said that sales for the five week period ended July 7 rose 6% (after including the impact of rise in fuel prices and foreign exchange fluctuations). The Wall Street’s analysts had a consensus forecast for 5.4% growth in same-store-sales, according to [...]
For profit education provider, Apollo Group Inc. (NASDAQ: APOL) said in its SEC filing on Wednesday that the Higher Learning Commission (HLC) has reaffirmed accreditation of the University of Phoenix until 2022-2023; however, the university has been placed under “Notice” status for two years. [...]
Shares of Nabors Industries Ltd. (NYSE: NBR) plunged about 5.50% by afternoon trade.Late on Tuesday, the drilling contractor said that fiscal second quarter operating earnings will miss analysts’ expectation, citing weak performance in its rig, completion and production services businesses. [...]
Discount retailer, Family Dollar Stores Inc. (NYSE: FDO) said on Wednesday that its fiscal third-quarter net income slipped 3% as lower gross margin offset higher same-store-sales. However, adjusted earnings edged past expectation while revenue was in-line with Street’s estimate. [...]
Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday. [...]
The Kroger Co. (NYSE: KR) announced on Tuesday that it has agreed to purchase the supermarket operator, Harris Teeter Supermarkets Inc. (NYSE: HTSI) in cash deal estimated at $2.5 billion or $49.38 a share. [...]
Shares of the satellite radio company, Sirius XM Radio Inc. (NASDAQ: SIRI) gained 2.90 by mid-day trade on Tuesday. The Company said that it added 715,000 new subscribers in the fiscal second quarter, raising its total base in excess of 25 million. [...]
Shares of Linn Energy LLC (NASDAQ: LINE) rallied about 12% by mid-day trade. Bank of America Merrill Lynch upgraded the oil and gas firm’s rating to “buy” from “neutral”, citing company’s attractive valuation and said that cash flows are sustainable. [...]
Social networking giant, Facebook Inc. (NASDAQ: FB) is all set to roll out its much talked about, search feature—the graph search, from Monday. Facebook, which launched its beta version about 6 months ago, said that the new feature will be available to all users in the U.S. [...] |
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