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Stock Market & Financial Investment News

News Breaks
May 27, 2014
04:55 EDTALV, ALV, ALV, WM, WM, WM, NCR, NCR, NCR, BLT, BLT, BLT, B, B, B, LII, LII, LII, TGI, TGI, TGI, XYL, XYL, XYL, MRCY, MRCY, MRCY, CTS, CTS, CTS, JCI, JCI, JCIKeyBanc to hold a conference
Industrial, Automotive & Transportation Conference to be held in Boston on May 27-29.
News For ALV;CTS;MRCY;XYL;TGI;LII;B;BLT;NCR;WM;JCI From The Last 14 Days
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October 21, 2014
13:20 EDTNCRMarcato reports 6.5% activist stake in NCR Corp.
10:00 EDTALVOn The Fly: Analyst Initiation Summary
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06:25 EDTALVAutoliv initiated with a Neutral at Susquehanna
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October 20, 2014
16:20 EDTNCROn The Fly: Closing Wrap
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12:37 EDTNCROn The Fly: Midday Wrap
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12:28 EDTNCRNCR Corp. plummets after guidance lowered
Shares of payment solutions company NCR Corp. (NCR) are sinking after the firm’s third quarter forecasts missed analysts’ consensus estimates and it lowered its outlook for fiscal 2014. WHAT'S NEW: This morning, NCR Corp. forecast Q3 EPS of 67c and revenue of $1.647B, below analysts' consensus estimates of 71c and $1.66B, respectively. Q3 free cash flow is seen at $132M, which includes the previously announced recovery of $93M related to the Fox River environmental matter. The company cited a challenging retail market as well as difficult global macroeconomic conditions, including foreign currency headwinds, for the weak outlook. WHAT'S NOTABLE: NCR Corp. lowered its FY14 EPS view to $2.60-$2.70 from $3.00-$3.10, compared to consensus of $3.00. It also cut its FY14 revenue outlook to $6.575B- $6.625B from $6.75B-$6.85B, versus consensus of $6.74B. The company said, “While we are disappointed by these results, our Financial Services business remains a bright spot, Q3 free cash flow improvement was strong, and our previously announced restructuring program is on track to deliver annual run-rate savings of approximately $90M by 2016. While we continue to be faced with challenging and uncertain market dynamics, we remain confident in the actions we are taking to address these challenges, including strengthening our Retail Solutions team and talent, as well as utilizing our restructuring program to allocate more resources to our highest growth, highest margin opportunities to drive long-term profitable growth.” PRICE ACTION: In afternoon trading, NCR Corp. fell $6.43, or about 21.5%, to $23.45 on nearly five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $23.32. Including today's pull back, the shares have lost approximately 41% over the past 12 months. OTHERS TO WATCH: Other companies in the payment solutions business include VeriFone Systems (PAY) and Diebold (DBD).
10:38 EDTNCRHigh option volume stocks
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09:22 EDTNCROn The Fly: Pre-market Movers
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08:04 EDTLIILennox: Residential negatively impacted by cooler summer weather
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08:03 EDTLIILennox board announces new $450M accelerated share repurchase program
08:02 EDTLIILennox backs FY14 EPS $4.30-$4.50, consensus $4.37
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08:01 EDTLIILennox reports Q3 adjusted EPS $1.44, consensus $1.42
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07:12 EDTNCRNCR Corp. sees FY14 NPOI $810M-$830M
In regards to FY14, says software-related revenue is expected to be $1.7B-$1.725B compared to previous guidance of $1.775B-$1.825B. Free cash flow, which includes the $93M Fox River environmental recovery, is expected to be approximately $225M-$275M versus our previous guidance of $250M-$300M.
07:10 EDTNCRNCR says restructuring program on track for $90M run-rate savings by 2016
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07:03 EDTNCRNCR Corp. now sees FY14 EPS $2.60-$2.70, consensus $3.00
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07:02 EDTNCRNCR Corp. expects Q3 free cash flow $132M
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07:01 EDTNCRNCR Corp. expects Q3 EPS 67c, consensus 71c
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October 17, 2014
08:53 EDTTGITriumph Group acquires North American Aircraft Services
Triumph Group announced the acquisition of North American Aircraft Services. The acquired business will operate as Triumph Aviation Services, NAAS Division and be included in the Aftermarket Services Group. The business is expected to add approximately $35M in annual revenue and to be immediately accretive to earnings.
05:50 EDTBBarnes Group raises quarterly dividend by 9% to 12c per share
The board of Barnes Group increased the company’s quarterly cash dividend 9% to 12c per share of common stock. The dividend will be payable December 10, to shareholders of record at the close of business on November 26. On an annualized basis, the increase raises the annual dividend from 44c per share to 48c per share.
October 16, 2014
16:23 EDTMRCYMercury Systems receives $5.7M order for naval radar application
Mercury Systems announced it received a $5.7M follow-on order from a leading defense prime contractor for high performance digital signal processing subsystems and related services for a naval radar application. The order was booked in the company's FY15 Q1 and is expected to be fulfilled over the next several quarters.
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