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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:31 EDTCCECoca-Cola Enterprises reports Q4 comparable EPS 54c, consensus 52c
Reports Q4 revenue $2.03B, consensus $2.03B.
News For CCE From The Last 14 Days
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July 31, 2015
16:18 EDTCCEOn The Fly: Top stock stories for Friday
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12:11 EDTCCEOn The Fly: Top stock stories at midday
The Wall Street averages began the session slightly lower, soon turned mixed and have all returned to positive ground near midday. The Nasdaq has been the strongest of the indexes throughout. The S&P 500 is trying to hold onto its gain of about 1.5% for the month as July comes to a close. ECONOMIC EVENTS: In the U.S., the employment cost index for the second quarter increased 0.2%, versus expectations for an increase of 0.6%. The Chicago PMI business barometer index bounced to 54.7 in July, topping the expected reading of 50.8. The final reading of the University of Michigan consumer confidence index for July came in at 93.1, which was down from the 93.3 flash reading and below the 94 that was expected. In Europe, Athex stated that the Athens Stock Exchange will reopen on August 3. COMPANY NEWS: Shares of Exxon Mobil (XOM) and Chevron (CVX) declined 2.9% and 3.6%, respectively, after both energy majors reported lower than expected earnings due to falling oil prices. Exxon noted that its Downstream and Chemical segment earnings increased significantly from the second quarter of last year, but that those higher earnings were more than offset by the impact of weaker Upstream realizations and lower asset management gains. Chevron, meanwhile, recorded impairments of $1.96B and other charges of approximately $670M relating to project suspensions and adverse tax effects, all of which stemmed from a downward revision in the company’s longer-term crude oil price outlook. MAJOR MOVERS: Among the notable gainers was Coca-Cola Enterprises (CCE), which rose 13% after the Wall Street Journal reported that the company is in advanced merger talks with Coca-Cola bottlers for Germany and the region of Spain, Portugal and Andorra. Also higher following their earnings reports were MoneyGram (MGI), which gained 27%, Expedia (EXPE), which added 10%, and SkyWest (SKYW), which rallied 20%. Among the noteworthy losers was FireEye (FEYE), which fell 5% after reporting quarterly results and announcing that CFO Michael Sheridan intends to leave the company. Also lower following their earnings reports were Ocwen Financial (OCN), which fell 28.5%, and Hanesbrands (HBI), which dropped 10%. INDEXES: Near midday, the Dow was up 10.36, or 0.06%, to 17,756.34, the Nasdaq was up 18.60, or 0.36%, to 5,147.38, and the S&P 500 was up 3.98, or 0.19%, to 2,112.61.
09:25 EDTCCEOn The Fly: Pre-market Movers
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July 30, 2015
19:35 EDTCCEOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
18:24 EDTCCECoca-Cola Enterprises in advanced merger talks with Coca-Cola bottlers, WSJ says
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07:40 EDTCCECoca-Cola Enterprises sees FY15 EPS at upper end of 6%-8% range
Consensus is $2.55. For 2015, CCE continues to expect diluted earnings per share to grow at the upper end of the range of 6 percent to 8 percent on a comparable and currency-neutral basis. Based on recent rates, currency translation would negatively impact full-year 2015 diluted earnings per share by approximately 18 percent. Net sales and operating income are each expected to achieve slightly positive growth on a comparable and currency-neutral basis. The company expects 2015 free cash flow in a range of $600 million to $650 million including the expected negative impact of currency translation based on recent rates. Capital expenditures are expected to be approximately $325 million. Weighted average cost of debt is expected to be approximately 3 percent, and the comparable effective tax rate for 2015 is expected to be in a range of 27 percent to 28 percent. CCE expects to repurchase approximately $600 million of its shares in 2015. Through the end of the second quarter, the company repurchased approximately $500 million of its shares. These plans may be adjusted depending on economic, operating, or other factors, including acquisition opportunities.
07:40 EDTCCECoca-Cola Enterprises reports total Q2 volume down 1%
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07:39 EDTCCECoca-Cola Enterprises reports Q2 comparable EPS 79c, consensus 76c
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07:39 EDTCCECoca-Cola Enterprises affirms FY earnings outlook
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