New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 19, 2012
15:27 EDTA, URBN, QIHU, PWRD, NUAN, KKD, JACK, DY, CO, CHRM, BRCD, BOBE, CRMT, AMCN, XUECompanies reporting After the Market Close on Monday, November 19
Notable companies reporting after the closing bell on Monday include Agilent Technologies (A), Airmedia Group (AMCN), America's CAR-MART (CRMT), Bob Evans Farms (BOBE), Brocade Communications Systems (BRCD), Charm Communications (CHRM), China Cord Blood Corp (CO), Dycom Industries (DY), Jack In The Box (JACK), Krispy Kreme Doughnuts (KKD), Nuance Communications (NUAN), Perfect World (PWRD), Qihoo 360 Technology (QIHU), Urban Outfitters (URBN), and Xueda Education Group (XUE).
News For A;AMCN;CRMT;BOBE;BRCD;CHRM;CO;DY;JACK;KKD;NUAN;PWRD;QIHU;URBN;XUE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
11:39 EDTAGenetic Technologies, Agilent jointly file to dimiss lawsuit
Subscribe for More Information
October 30, 2014
10:52 EDTQIHUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
October 29, 2014
16:12 EDTAAgilent reports Q3 EPS 3c, one estimate 3c
Subscribe for More Information
October 28, 2014
09:15 EDTQIHUQihoo 360 named a long Research Tactical Idea at Morgan Stanley
Subscribe for More Information
08:16 EDTQIHUQihoo rumored to launch premium video site with Enlight, Marbridge Daily says
Subscribe for More Information
07:16 EDTPWRDPerfect World restructuring R&D teams
Perfect World is restructuring its R&D teams, and has formed five new subsidiaries. The structure of forming majority-owned new subsidiaries is aimed to help attract and motivate top talent by granting them direct stake in the subsidiaries under the new incentive scheme. Perfect World will support these subsidiaries with the company's proprietary technology, graphic design, integrated platform, distribution channels and other resources.
October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
Subscribe for More Information
October 24, 2014
12:21 EDTURBNAbercrombie & Fitch retreats after Goldman cuts to Sell
Subscribe for More Information
October 23, 2014
10:01 EDTURBNOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:54 EDTURBNUrban Outfitters initiated with a Hold at BB&T
Subscribe for More Information
06:02 EDTKKDKrispy Kreme to open first location in South America with Bogotá store
Subscribe for More Information
October 21, 2014
11:57 EDTJACKChipotle falls after outlook for FY15 comparable restaurant sales disappoints
Shares of fast casual restaurant chain Chipotle Mexican Grill (CMG) are falling after the company issued a disappointing outlook for fiscal 2015 comparable restaurant sales. WHAT'S NEW: Last night, Chipotle reported third quarter earnings per share of $4.15 and revenue of $1.08B, topping analysts’ consensus estimates of $3.84 and $1.06B, respectively. Comparable restaurant sales rose 19.8% in the quarter, driven primarily by increased traffic and from a higher average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter. The company opened 43 new restaurants in Q3. WHAT'S NOTABLE: Chipotle forecast comparable restaurant sales increases in the mid-teens for fiscal year 2014, and the company said it expects to open 180-195 new restaurants during the year. The company also sees an effective tax rate for FY14 of about 38.5%. For FY15, the company sees low to mid-single digits comparable restaurant sales gains, 190-205 new restaurant openings and an effective tax rate of 39.1%. On Chipotle’s Q3 earnings conference call, management said it expects food costs to continue rising into the fourth quarter and throughout 2015. The company also noted that it was still seeing strong traction growth regardless of recent menu price increases. Chipotle said it will "opportunistically" repurchase stock in order to enhance shareholder value. ANALYST REACTION: This morning, Wells Fargo kept a Market Perform rating on Chipotle, but lowered its price target range on shares to $600-$625 from $650-$675. In its note, Wells said greater than expected commodity inflation and labor cost pressure in 2015 will likely lead to lower Street estimates. Wells expects same store sales to decline sequentially from 4Q14 through 3Q15 due to double-digit traffic comparisons in earlier quarters and less pricing in later quarters. Another firm, Oppenheimer, recommended using any post-earnings weakness in shares of Chipotle as a buying opportunity. The firm believes investors are concerned over 2015 estimates coming down on food cost pressures. The firm said food cost issues are unlikely to get worse from here and it kept an Outperform rating on Chipotle with a $775 price target. PRICE ACTION: In late morning trading, Chipotle fell $44.14, or nearly 7%, to $609.28 on nearly twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 21% over the past 12 months. OTHERS TO WATCH: Other fast casual restaurant companies include El Pollo LoCo (LOCO), Fiesta Restaurant (FRGI), Jack in the Box (JACK), and McDonald’s (MCD), which reported results this morning.
October 20, 2014
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
Subscribe for More Information
05:49 EDTNUANStocks with implied volatility movement; TLM NUAN
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use