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Stock Market & Financial Investment News

News Breaks
June 25, 2014
20:25 EDTACN, ACN, CAG, CAG, MKC, MKC, LEN, LEN, SCS, SCSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.21; ConAgra Foods (CAG), consensus 55c; McCormick & Company (MKC), consensus 62c; Lennar (LEN), consensus 51c; and Steelcase (SCS), consensus 16c.
News For ACN;CAG;MKC;LEN;SCS From The Last 14 Days
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December 18, 2014
10:04 EDTCAGConAgra sees private brands recovery taking longer than originally planned
Expects recovery for private brands segment to take longer than originally planned. Sees private brands "down" for the year, but still expects to meet FY company EPS commitments. Sees FY15 as a year of "foundation building." Expects having FX headwinds "to deal with." Expects inflation in proteins to be "manageable." Says committed to long-term vision for private brands. CEO Gary Rodkin says still intends to retire in May, but will be flexible. Says CEO search ongoing. Says international shipments disrupted by longshoremen labor dispute, says issues may cause further disruption. Sees other units offsetting weakness in private brands. Sees operating margin growing double digit levels over next few years. Says capital allocation priority will be repayment of debt. Intends to maintain current annual dividend rate, will limit share repurchases. Expects limited acquisition activity as company repays debt. Sees good sales, profit growth for commercial foods in FY15. Comments made on the Q2 earnings conference call. ConAgra shares are down 4.42% to $35.46 in morning trading.
08:00 EDTSCSSteelcase volatility elevated into Q3 and booking outlook
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07:32 EDTCAGConAgra sees FY15 adjusted EPS up MSD over FY14
The company continues to expect fiscal 2015 diluted EPS, adjusted for items impacting comparability, to show a mid-single digit rate of growth over the comparable diluted EPS of $2.17 earned in fiscal 2014. Consensus is $2.25. For the full fiscal year, a continuation of good performance from Consumer Foods and Commercial Foods, as well as the benefit of productivity and efficiency initiatives, are expected to offset a profit decline in the Private Brands segment. The company continues to expect operating cash flow to be in the range of $1.6 billion-$1.7 billion, and to reduce debt by a total of $1 billion in fiscal 2015, thereby reaching its broader debt reduction goals for the fiscal 2013-2015 period.
07:31 EDTCAGConAgra reports Q2 comparable EPS 61c, consensus 61c
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07:07 EDTACNAccenture cuts FY15 EPS view to $4.66-$4.80 from $4.74-$4.88
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07:06 EDTACNAccenture sees Q2 net revenue $7.25B-$7.5B, consensus $7.46B
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07:05 EDTACNAccenture reports Q1 EPS $1.29, consensus $1.20
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December 17, 2014
15:31 EDTACNAccenture December 82 straddle priced for 3.6% movement into Q1
15:18 EDTACN, CAGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.20; ConAgra (CAG), consensus 61c; Rite Aid (RAD), consensus 5c; Sanderson Farms (SAFM), consensus $4.01; Actuant (ATU), consensus 42c.
07:37 EDTACNAccenture December volatility increases into Q1 and outlook
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December 12, 2014
12:33 EDTCAGConAgra volatility elevated into Q2 and outlook
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09:08 EDTACNHatch to look to push tech worker bill, Reuters reports
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December 10, 2014
08:52 EDTACNAccenture December volatility elevated into Q1 and outlook
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December 8, 2014
10:04 EDTACNAccenture and Microsoft launch hybrid cloud platform
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05:24 EDTACNAccenture awarded contract by Japan Tourism Agency
The Japan Tourism Agency, or JTA, has awarded Accenture a seven-month contract to provide management consulting services to help increase the number of tourists to Japan. The effort is part of the government’s initiative to attract 20M foreign tourists in the run up to the 2020 Tokyo Olympic and Paralympic Games. Accenture will present recommendations to JTA based on a survey the company develops to better understand the challenges tourists say they face in traveling to the country. The survey, which will be conducted at airports and other travel locations, will examine the environment for welcoming foreign guests in Japan, including communications infrastructure, payment and purchase options and multilingual support options. Results and recommendations will be shared across Japan and abroad.
December 4, 2014
09:32 EDTCAGConAgra' European JV to expand potato processing operations in Netherlands
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05:28 EDTACNAccenture expands relationship with IPsoft
Accenture is expanding its relationship with IPsoft to help clients re-model their business processes by taking advantage of new cognitive computing capabilities. Accenture is working with IPsoft’s Amelia, a new artificial intelligence platform that makes it possible to automate and augment business processes across a broad range of functions. This can enable companies to build more efficient workforces who use cognitive “aids” to improve customer service, client service delivery, workforce productivity, and the ability to manage ever-growing amounts of data. Building on a collaboration announced earlier this year, Accenture plans to integrate Amelia within its cognitive services delivery portfolio to help clients increase operational productivity.

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