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Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:04 EDTQLTI, LRE, PIKE, LRN, SALE, OCN, ESI, FRP, HCOM, ILIAF, FIVNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: FairPoint (FRP) downgraded to Hold from Buy at Drexel Hamilton... Five9 (FIVN) downgraded at Pacific Crest... Hawaiian Telcom (HCOM) downgraded to Equal Weight from Overweight at Stephens... ITT Educational (ESI) downgraded to Underperform from Neutral at BofA/Merrill... Iliad (ILIAF) downgraded to Neutral from Buy at UBS... K12 (LRN) downgraded to Hold from Buy at Stifel... LRR Energy (LRE) downgraded to Market Perform from Outperform at Wells Fargo... Ocwen Financial (OCN) downgraded at Oppenheimer... Pike Electric (PIKE) downgraded to Hold from Buy at BB&T... QLT Inc. (QLTI) downgraded to Neutral from Buy at Roth Capital... RetailMeNot (SALE) downgraded at RBC Capital.
News For FRP;FIVN;HCOM;ESI;ILIAF;LRN;LRE;OCN;PIKE;QLTI;SALE From The Last 14 Days
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February 9, 2016
06:14 EDTSALERetailMeNot authorizes $50M increase to stock repurchase program
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06:11 EDTSALERetailMeNot sees FY16 revenue $225M-$240M, consensus $247.32M
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06:11 EDTSALERetailMeNot sees Q1 revenue $49M-$54M, consensus $56.75M
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06:10 EDTSALERetailMeNot reports Q4 EPS 36c, consensus 28c
Reports Q4 revenue $83.1M, consensus $75.77M.
February 8, 2016
18:08 EDTESIEducation Department creates enforcement unit targeting education institutions
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February 5, 2016
10:17 EDTQLTIQLT Inc. to host special shareholder meeting
Special shareholder meeting to approve a reorganization of the company's share capital, whereby the company will distribute common shares of Aralez Pharmaceuticals to QLT shareholders in a tax efficient manner, will be held on February 11 at 1pm.
January 28, 2016
07:33 EDTLRNK12 sees Q3 revenue $215M-$225M, consensus $215.44M
07:32 EDTLRNK12 reports Q2 EPS 23c, consensus 22c
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January 27, 2016
12:28 EDTESIFor-profit education names fall after FTC sues DeVry over marketing
DeVry Education (DV) and its peers in the for-profit education space are falling after the Federal Trade Commission filed suit against the company, alleging that DeVry's advertisements "deceived" consumers about the likelihood of finding jobs in their chosen fields of study and earning more than graduates from other universities. In a related action, the Department of Education is also moving against the company for those same practices, requiring it to stop the allegedly deceptive advertisements and take steps to ensure it can verify the truthfulness of its post-graduation employment outcomes, including hiring an independent auditor and informing students of its "unsubstantiated" statistics. The Department's action comes after its investigation of DeVry found the postgraduation employment claims "have not been substantiated to the extent required by law." PRICE ACTION: Shares of DeVry crashed 13.5% to $20.54 following the news, while Apollo Education (APOL), ITT Educational (ESI) and Strayer Education (STRA) each slid over 2% and Bridgepoint (BPI) fell 1%.
08:37 EDTLRNK12 appoints Stuart Udell as CEO
K12 announced that the company has named Stuart Udell as the company's CEO. The appointment will become effective on February 8. Nate Davis, current chairman and CEO, will remain active in the business as the Executive Chairman of K12's board.

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