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News Breaks | | | | March 11, 2013 | | 12:29 EDT |  | AEZS, BBRY, DELL, GNW, DKS, CSIQ, LNVGY, IEP | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, though if the relative outperformance of the Dow continues the index may be able to continue its six-day streak of setting new closing highs. The major averages all dipped at the opening bell, following some disappointing economic data from China over the weekend, and were range bound during the morning hours. However, a move up near noon has left the Nasdaq as the only major average in negative territory, and not by much... ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Europe, Italian markets responded to Fitch's downgrade of Italy's long-term foreign and local currency issuer default ratings, which came on Friday afternoon after the European close of trading. In China, data reported over the weekend showed that industrial production growth and retail sales growth in January and February fell short of the consensus forecast. However, fixed assets investment during the same period beat expectations... COMPANY NEWS: Dell (DELL) shares jumped over 1% after Icahn Enterprises (IEP), which is led by activist investor Carl Icahn, announced it has entered into a confidentiality agreement with the PC maker... Dick’s Sporting Goods (DKS) reported fourth-quarter sales and earnings that missed expectations, along with earnings guidance below the Street's forecast, leading its stock to slide over 9%... MAJOR MOVERS: Among the notable gainers was BlackBerry (BBRY), which rose nearly 10% after AT&T (T) confirmed it will offer the company's new Z10 smartphone in the U.S. beginning on March 22 and foreign media reports rekindled rumors that the handset maker may be a takeover target of Lenovo (LNVGY). Also higher were shares of Genworth Financial (GNW), which advanced almost 7% after Barron's said the shares were undervalued and Scotia Capital upgraded the stock to Outperform. Among the noteworthy losers was Aeterna Zentaris (AEZS), which fell 25% after the company said it was discontinuing a late-stage drug trial on the recommendation of an independent data safety monitoring board. Also lower were shares of Canadian Solar (CSIQ), which fell over 10% following its report of worse than expected sales and losses during its last quarter... INDICES: Near noon, the Dow was up 16.88, or 0.12%, to 14,413.95; the Nasdaq was down 0.32, or 0.01%, to 3,244.05; and the S&P 500 was up 1.74, or 0.11%, to 1,552.92. | |
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News For DELL;IEP;DKS;BBRY;LNVGY;GNW;AEZS;CSIQ From The Last 14 Days Check below for free stories on DELL;IEP;DKS;BBRY;LNVGY;GNW;AEZS;CSIQ the last two weeks. |
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| May 17, 2013 | | 14:03 EDT | | DELL | Market set to finish week with gains after Cisco results, comments
 Subscribe for More Information | | | 10:13 EDT |  | BBRY | BlackBerry Z10 helps company regain Canadian market share, AllThingsD says
Subscribe for More Information | | | 08:29 EDT |  | DELL | JPMorgan's business and information services analyst holds a conference call
Subscribe for More Information | | | 08:02 EDT |  | DELL | Dell results could increase votes for Silver Lake offer, says Wells Fargo
Subscribe for More Information | | | May 16, 2013 | | 18:01 EDT |  | DELL | Dell continues to expect 'relatively weak' demand in end-user PC business
Subscribe for More Information | | | 16:05 EDT |  | DELL | Dell reports Q1 enterprise solutions, services, software revenue up 12% to $5.5B
Subscribe for More Information | | | 16:02 EDT | | DELL | Dell not providing guidance for Q2
Subscribe for More Information | | | 16:01 EDT | | DELL | Dell reports Q1 adjusted EPS 21c, consensus 35c
Reports Q1 revenue $14.1B, consensus $13.52B. | | | 15:14 EDT | | DELL | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. | | | 13:58 EDT | | DELL | Earnings Preview: Dell facing uncertainty about going private ahead of Q1 report
Dell (DELL) is set to report Q1 earnings after the market close on Thursday, May 16, with a conference call scheduled for 4:45 pm ET. Dell is a global IT company that operates enterprise, business, and consumer segments. EXPECTATIONS: Analysts are looking for EPS of 35c on revenue of $13.52B, according to First Call. The consensus range for EPS is 28c-42c on revenue of $12.6B-$14.22B. A report by Dow Jones earlier this week said Dell will report non-GAAP EPS of 20c on revenue of about $14B. LAST QUARTER: Dell reported Q4 adjusted EPS of 40c against consensus for 39c on revenue of $14.3B against estimates for $14.12B. On its Q4 earnings conference call, the company said it expects continued margin pressure and market competitiveness in 2013. GO-PRIVATE NEWS: On February 5, Dell officially announced that it had agreed to be taken private for $13.65 per share by a consortium lead by Silver Lake. On March 25, Dell announced it had received two alternative proposals during its go-shop process, which began following its February 5 announcement. These proposals included a $14.25 per share offer from Blackstone (BX), and a $15 per share offer from Carl Icahn and affiliated funds, including Icahn Enterprises (IEP). On April 19, Dell announced that Blackstone decided not to submit a bid for the company. Last Friday, Icahn and Southeastern Asset Management, which collectively hold about a 13% stake in Dell, submitted an alternative proposal to Dell's board. The Icahn and Southeastern proposal would allow Dell shareholders to receive a $12 per share cash distribution or $12 of additional shares valued at $1.65 per share. On Monday, the special committee of Dell's board asked Icahn and Southeastern for more information related to proposal, while Icahn and Southeastern proposed a slate of directors to the company's board that same day. COMPANY NEWS: In addition to news surrounding the company's go-private proposal, data regarding global PC demand has also weighed on Dell. On April 10, data from IDC said worldwide PC shipments totaled 76.3M in Q1, a 13.9% decline from the prior year period, which was worse than the expected decline of 7.7%. IDC also added that this year-over-year decline was the worst since the firm began its quarterly tracking of the PC market in 1994. On March 28, data released by Gartner said worldwide IT spending is projected to increase 4.1% in 2013 to $3.8T. PRICE ACTION: Shares of Dell have slid more than 2.5% since the first day of trading following its Q4 report. Following the March announcement that Dell received alternative proposals from Blackstone and Icahn, shares closed as high as $14.51 per share. Through April, however, shares of Dell slipped, including a sharp decline after disclosing Blackstone withdrew its offer, with shares closing as low as $13.09 per share. In afternoon trading ahead of its Q1 report, shares of Dell are down 0.2%, to about $13.42. | | | | 13:57 EDT |  | DELL | Dell May 13 straddle priced for 1.7% move into Q1
Subscribe for More Information | | | May 15, 2013 | | 16:48 EDT | | DELL | Icahn gives quarterly update on stakes
Subscribe for More Information | | | 12:17 EDT | | IEP | Icahn paper profit in Netflix tops $1B, WSJ reports
Subscribe for More Information | | | 10:13 EDT |  | BBRY | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:24 EDT | | BBRY | BlackBerry announces Los Angees Sheriff's Department deploys BB10, Enterprise
Subscribe for More Information | | | 08:08 EDT | | LNVGY, DELL | PC sales decline in Western Europe, Economic Times reports
Subscribe for More Information | | | 07:48 EDT | | BBRY | BlackBerry downgraded at Bernstein
As previously reported, Bernstein downgraded BlackBerry to Market Perform from Outperform. The firm downgraded shares based on valuation, lack of near-term catalysts, and risk the company does not meet high expectations. Price target lowered to $15 from $22. | | | 07:39 EDT | | DKS | Dick's Sporting June volatility elevated into Q1 and consumer spending outlook
Subscribe for More Information | | | 06:19 EDT | | BBRY | BlackBerry downgraded to Market Perform from Outperform at Bernstein
Price target lowered to $15. | | | 05:55 EDT | | CSIQ | Canadian Solar's partner Romano awarded rooftop project in Johannesburg
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