World’s largest logistic company, FedEx Corp. (NYSE: FDX) said on Wednesday that its fiscal fourth-quarter income fell 45% as continued weakness in the international package volume, restructuring charges and higher operating expenses, weighed on the bottom line. [...]
Adobe Systems Inc. (NASDAQ: ADBE) reported late on Tuesday that its fiscal second-quarter income slumped 66% as the Company’s transition towards subscription based revenue model for its flagship products away from licensing and packaged software sales- increased marketing expenses while revenue also fell. [...]
Shares of FactSet Research Systems Inc. (NYSE:FDS) fell about 2% by afternoon trade. Although FactSet posted fiscal third quarter earnings which matched street’s estimate, revenue fell short of expectation. In addition, the Company said it envisage a tough market condition. Factset sells services to clients that use its merger acquisition and stock research. In the [...]
Executive search company, Korn/Ferry International (NYSE: KFY) reported on Monday that its fiscal fourth-quarter income edged up modestly as higher expenses offset revenue growth. Still, shares rallied in aftermarket hours as the firm handed upbeat guidance for the fiscal first quarter. [...]
Shares of Terex Corp. (NYSE: TEX) slumped about 9.75% by afternoon trade after the heavy equipment maker slashed its full-year earnings forecast even as it provided weak outlook for the fiscal second quarter amid falling sales trends. [...]
DreamWorks Animation Skg Inc. (NASDAQ: DWA) has entered in a multi-year agreement to produce in excess of 300 hours of content for internet-video streaming company Netflix Inc. (NASDAQ: NFLX). [...]
Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, [...]
Open Table Inc. (NASDAQ: OPEN) announced on Thursday that it has agreed to acquire a mobile technology company, JustChalo Inc. in both cash and stock deal valued at $11 million. [...]
Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% [...]
Gannett Company Inc. (NYSE: GCI) announced on Thursday that it has agreed to acquire a television Company Belo Corp. (NYSE: BLC) in an all cash deal estimated at $1.5 billion. [...] |
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