The Wall Street Journal said that office product retailers, OfficeMax (NYSE: OMX) and Office Depot (NYSE: ODP) were likely to receive the Federal Trade Commission’s approval for a proposed merger. The Journal said that the proposed merger of the United States’ second and third largest office product retailers will not harm the competitive landscape of [...]
Toymaker, Hasbro Inc. (NASDAQ: HAS) said on Monday that fiscal third quarter earnings rose 17% as the bottom line was bolstered by a double-digit percentage revenue growth in emerging markets and benefits arising from tax adjustments, offsetting weakness in the domestic market. For the latest period, sales in the girls’ segment climbed 29% to $388.7 [...]
Insider Buying Activity The third quarter of 2013 turned out to be a volatile one for U.S. equity market amid speculation that the Federal Reserve will start easing its bond purchase program soon. The Fed, however, surprised market participants in September by not scaling back its bond purchases. [...]
Oil drilling services and solutions provider, Baker Hughes Inc. (NYSE: BHI) said on Friday that income rose 22% in the fiscal third quarter as its performance in the North American segment improved. The Company said that services like drilling, completion systems, artificial lift and upstream chemical businesses bolstered revenue in the North American segment. Both [...]
UBS on Friday upgraded the online marketplace and Kindle maker, Amazon.com Inc. (NASDAQ: AMZN) to a “buy” from a “neutral” and increased the price target to $385 from $305. UBS’s analyst, Eric Sheridan said that Amazon’s decision to hire 70,000 seasonal employees for the crucial holiday season quarter, reflects its bullish view for the fiscal [...]
Shares of Verizon Communications Inc. (NYSE: VZ) rose sharply after the company announced its third-quarter financial results. The company’s adjusted earnings for the quarter came in at $0.77 per share, compared to $0.64 per share reported for the same period in the previous year. Revenue for the quarter stood at $30.28 billion, compared to $30.16 [...]
Goldman Sachs Group Inc. (NYSE: GS) shares ended sharply lower on Thursday as investors digested the Wall Street giant’s third-quarter results. Goldman’s third-quarter revenue fell sharply due to a 44% drop in its fixed income, currency and commodities trading revenue. The bank’s quarterly revenue also missed consensus forecast. Lloyd Blankfein, CEO of the New York [...]
Stanley Black & Decker Inc. (NYSE: SWK) reported on Wednesday that fiscal third-quarter net income jumped 44%, driven mainly by higher revenue from industrial and construction divisions; nonetheless, shares were hammered after the tool maker slashed its full-year earnings guidance. Core earnings barely managed to beat analysts’ expectation but revenue missed the estimation. For the [...]
Mattel Inc.’s (NASDAQ: MAT) fiscal third-quarter results topped analysts’ expectations. The Company said that strong revenue growth across all geographical segments and wider margins boosted its top line and bottom line growth. For the latest period, Mattel posted net income of $442.8 million or $1.21 a share compared to a profit of $365.9 million or [...]
Global banking giant Citigroup Inc. (NYSE: C) has reported its third-quarter results, posting earnings of $1.02 per share on revenue of $18.2 billion. Citi’s earnings and revenue for the quarter missed consensus forecast. Analysts were expecting the New York City-based bank to report third-quarter earnings of $1.04 per share and revenue of $18.74 billion. Despite [...] |
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