Shares of Teradata Corporation (NYSE: TDC) have plunged in trading today after investors were disappointed with the company’s third-quarter results estimates. TDC’s expectations for the quarter fell short of consensus forecast. TDC, which reports third-quarter results on October 31, said that it expects to post adjusted earnings of $0.69-$0.70 per share for the third quarter. [...]
Shares of online travel planner, Expedia Inc. (NASDAQ: EXPE) plunged on Monday after Deutsche Bank cut its rating on the stock to a “hold” from a “buy”. The price target was slashed to $51 from $66. In a research report, Deutsche Bank’s equity research analyst, Ross Sandler said Expedia was now facing much more intense [...]
Just like any other retailer, The Gap Inc. (NYSE: GPS) also saw its sales falling in September. Economic uncertainty caused by the policy impasse in Washington prompted consumers to spend money frugally. Gap said on Thursday that September same-store-sales fell 3% while analysts had expected a gain of 1.6%, according to a data compiled by [...]
The United States’ largest bank by assets, JP Morgan Chase & Co. (NYSE: JPM) said on Friday that it swung in to fiscal third quarter loss as heavy litigation expenses hurt the bottom line. Adjusted earnings beat analysts’ consensus estimate but revenue missed the forecast. For the latest period, the company took a charge of [...]
Israeli drug maker, Teva Pharmaceuticals Industries Ltd. (ADR) (NYSE: TEVA) announced on Thursday that it will slash about 5,000 jobs, mainly by the end of next year as part of its broader restructuring plan, aimed at narrowing its oversized business and streamlining operations. The Company intends to focus on fast growing generic drug business as [...]
Laboratory test services provider, Quest Diagnostics Inc. (NYSE: DGX) expects fiscal third quarter profit to miss analysts’ estimation. The Company cited drop in number of tests ordered during the latter part of the quarter for a downbeat guidance. Quest Diagnostics now expects non-GAAP earnings of $1.02 a share down from its earlier projection of $1.15 [...]
Discount retailer, Family Dollar Stores Inc. said on Wednesday that it is bracing for a tough new fiscal year as shoppers are spending money only on essentials even as it handed better-than-expected fiscal fourth quarter profit, thanks to its costs cutting measures. However, sales in the latest period were weaker-than-expected and same-store-sales came in flat. [...]
Men’s Wearhouse board rejected a $2.4 takeover bid from smaller rival Jos. A. Bank Clothiers on Wednesday, marking it as the second occasion when the company has turned down the idea of selling the clothing chain. Earlier in June, Men’s Wearhouse board fired its founder and biggest shareholder, George Zimmer, blaming him that he was [...]
According to the Wall Street Journal, McKesson Corporation (NYSE: MCK) is in final stage of talks with Franz Haniel & Cie to acquire its drug distribution unit, Celesio, in a deal worth more than $ 5 billion. Founded in 1835, Stuttgart based Celesio supplies drugs to 65,000 pharmacies and hospitals, daily with nearly 130,000 pharmaceutical [...]
Casual footwear and apparel maker, Wolverine World Wide Inc. (NYSE: WWW) said on Tuesday that fiscal third-quarter earnings rose 66% as revenue continued to show an improvement, aided by the acquisition of Collective Brands, last year. Shares edged up as both adjusted earnings and revenue topped analysts’ consensus estimate, according to a data compiled by [...] |
|
|
|
Copyright © 2024 Daily Stocks News - All Rights Reserved Powered by WordPress & Atahualpa |
||
Recent Comments