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Stock Market & Financial Investment News

News Breaks
July 8, 2014
18:28 EDTBOBE, AA, SIMG, TCS, GIMO, AVAVOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alcoa (AA), up 1.21% after reporting second quarter results above analyst estimates... AeroVironment (AVAV), up 5.46% after reporting quarterly results. DOWN AFTER EARNINGS: Container Store (TCS), down 15.96% after reporting first quarter results and fiscal 2014 guidance below estimates... Bob Evans (BOBE), down 2.37%. ALSO LOWER: Gigamon (GIMO), down 28.77% after lowering second quarter revenue guidance... Silicon Image (SIMG), down 12.02% after cutting second quarter guidance.
News For AA;AVAV;TCS;BOBE;GIMO;SIMG From The Last 14 Days
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July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 24, 2015
06:55 EDTGIMOGigamon Q2 a 'clean beat-and-raise,' says William Blair
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July 23, 2015
17:19 EDTGIMOGigamon sees Q3 adjusted EPS 15c-18c, consensus 15c
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16:37 EDTGIMOGigamon reports Q2 adjusted EPS 16c, consensus 14c
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09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
July 17, 2015
07:11 EDTGIMOGigamon checks show continued momentum, says William Blair
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July 14, 2015
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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