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Stock Market & Financial Investment News

News Breaks
July 29, 2014
07:08 EDTDRIDarden news makes catalysts more likely, says Wells Fargo
After Darden announced that its CEO would step down at the end of the year, that the chairman and CEO roles would be split, and that it would enable its primary activist investor to have at least three board seats after September 30, Wells Fargo believes the moves increase the potential of share price catalysts. In the next 12-24 months the firm believes that the company could spin off its faster growing/earlier stage Specialty Restaurant Group concepts and more aggressively cut its costs. The firm keeps an Outperform rating on the shares.
News For DRI From The Last 14 Days
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December 16, 2014
18:19 EDTDRIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Dave & Buster's (PLAY), up 7.3%... Darden Restaurants (DRI), up 1.6%. ALSO HIGHER: Auspex Pharmaceuticals (ASPX), up 66.5% after Phase 3 trial of SD-809 met primary efficacy endpoint... Cerus (CERS), up 26.6% after FDA approves Intercept Blood System... American Apparel (APP), up 8.6% after terminating Dov Charney for cause. DOWN AFTER EARNINGS: Heico (HEI), down 1%. ALSO LOWER: Cliffs Natural (CLF), down 10% after price target cut to $1 from $10 at Credit Suisse... Linn Energy (LINE), down 3% after being downgraded to Neutral from Outperform at RW Baird.
17:56 EDTDRIDarden up 1.54% after reporting Q2 results, narrows FY15 EPS view
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16:12 EDTDRIDarden reports Q2 Olive Garden SSS were up 0.5%
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16:10 EDTDRIDarden narrows FY15 EPS view to $2.25-$2.30 from $2.22-$2.30, consensus $2.26
This reflects the expectation that the company's combined U.S. same-restaurant sales growth this fiscal year will be 1% to 2% and the impact of a 53rd operating week in the fiscal year. The current earnings expectations for the year also reflect anticipated support cost savings of $10M from the support cost reductions announced in the second quarter offset by cost pressures related to beef and dairy.
16:07 EDTDRIDarden reports Q2 EPS 28c, consensus 27c
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15:42 EDTDRINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include HEICO (HEI), consensus 46c; Darden Restaurants (DRI), consensus 27c; Five Star Quality Care (FVE), consensus (3c).
December 15, 2014
15:21 EDTDRINotable companies reporting before tomorrow's open
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15:15 EDTDRIDarden technical comments before earnings
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10:00 EDTDRIOn The Fly: Analyst Upgrade Summary
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08:41 EDTDRIDarden December volatility elevated into Q2 and outlook
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08:16 EDTDRIDarden upgraded at Telsey Advisory
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06:08 EDTDRIDarden upgraded to Market Perform from Underperform at Telsey Advisory

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