New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:10 EDTPETS, HAL, GPRO, MO, EMC, MCD, EXTR, KNDI, LO, TSLA, HAS, YUM, VRX, EGAS, RAI, AGNOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
News For AGN;TSLA;EMC;RAI;LO;MO;EGAS;KNDI;GPRO;VRX;EXTR;HAL;YUM;MCD;PETS;HAS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>
April 20, 2015
09:24 EDTHALHalliburton will 'take hard look" at its operations
The company said it had reduced the company headcount by 9000 in last two quarters. Looking ahead, the company expects further charges to be significantly smaller. Expects Q2 corporate expenses of $75M, which will be the new quarterly run rate in 2015. Sees Q2 tax rate of approximately 26%. Cuts FY15 CapEx to $2.8B from $3.3B. Expects to see budget constraints in Mexico.
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
Subscribe for More Information
08:49 EDTHASHasbro expects ForEx will continue to be challenge throughout the year
Subscribe for More Information
08:43 EDTHALHalliburton downgraded at CLSA
Subscribe for More Information
08:28 EDTHASHasbro targets operating cash flow of $500M on average per year
Subscribe for More Information
08:27 EDTHASHasbro sees favorable product mix and low cost inflation in 2015
Seeds 2015 as a strong entertainment year consistent with 2014. Expects product development to be 5%-5.5% of revenue due to Disney Princess and Frozen Investments ahead of revenues. Targets advertising level consistent with last two years. Projects $44M in 2015 as additional assets becoming fully amortized. Expects to invest in content across mediums, primarily television expense. Expects FY15 interest expense is consistent with historical trends as % of revenues. Expects FY15 tax rate anticipated at 26.5%-27.5%. Comments taken from slides for Q1 earnings conference call.
08:21 EDTTSLATesla almost sold to Google while near bankruptcy in 2013, Bloomberg says
Subscribe for More Information
08:04 EDTTSLATesla CEO held talks to sell company to Google in 2013, Bloomberg reports
Bloomberg cites a new book due out May 19, entitled "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."
07:40 EDTTSLATesla March May volatility elevated into Q1 and outlook
Subscribe for More Information
07:25 EDTRAIReynolds American reported strong Q1 results, says Wells Fargo
Subscribe for More Information
07:21 EDTHAL, HALHalliburton downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
07:09 EDTHALHalliburton records $823M after-tax charge in Q1 due to energy downturn
Subscribe for More Information
07:06 EDTHALHalliburton says visibility to depth, length of cycle remains uncertain
Subscribe for More Information
07:02 EDTHALHalliburton says international business more resilient than domestic market
“Total company revenue of $7.1B for the first quarter was down 4% year-over-year, significantly outpacing a 19% global rig count decline, and represented industry-leading performance amidst a challenging commodity price environment. Our global customer base has responded by lowering activity levels and seeking price concessions, which has impacted our margins. As evident by the restructuring charges taken during the quarter, we are taking steps to help mitigate the ongoing impact. North America experienced an unprecedented decline in drilling activity during the first quarter, which drove pricing pressure and margin compression across all product lines. First quarter revenue declined 9% and operating income declined 54%, year-over-year, compared to a 21% reduction in the United States land rig count. Activity has dropped approximately 50% from the peak in late November and we expect to continue to see pricing pressure for our services until the rig count stabilizes. Our international business has been more resilient than the domestic market, with the international rig count down 9% from the peak last July. We continue to anticipate headwinds across all of our international regions this year, as operators reduce their budgets. Lower commodity prices are influencing our customers to re-evaluate asset economics and defer new projects,” said CEO Dave Lesar.
07:01 EDTHALHalliburton reports Q1 adjusted EPS 49c, consensus 37c
Reports Q1 revenue $7.05B, consensus $6.99B.
06:58 EDTGPROGoPro valuation compelling ahead of Q1 results, says Piper Jaffray
Subscribe for More Information
06:50 EDTTSLATesla price target slashed to $165 at JPMorgan
After lowering its earnings estimates to reflect adverse currency moves, higher operating costs and slower than earlier expected Model X ramp, JPMorgan cut its price target for Tesla shares to $165 from $175. The stock closed Friday up 9c to $206.79. The firm dropped its Q1 earnings estimate to (38c) from (31c) despite the increase in Q1 deliveries preannounced by the electric car maker. JPMorgan keeps an Underweight rating on Tesla, the firm's equivalent to a sell. It maintains Overweight ratings on Ford (F) and General Motors (GM) with price targets of $19 and $46, respectively, ahead of the Q1 reporting season.
06:34 EDTHASHasbro reports Q1 US and Canada revenue $345.7M
Reports Q1 International revenue $305.7M; Reports Q1 Entertainment and Licensing revenue $60.6M. Reports Q1 Boys revenue $272.6M; Reports Q1 Games revenue $235.6M; Reports Q1 Girls revenue $117.1M; Reports Q1 Preschool revenue $88.1M.
06:33 EDTHASHasbro: Several factors helped mitigate negative impact of foreign exchange
Subscribe for More Information
06:31 EDTHASHasbro reports Q1 adjusted EPS 21c, consensus 8c
Reports Q1 revenue $713.5M, consensus 660.27M
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | all recent news | >>

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