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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:24 EDTINAP, VIA, RSG, MDCA, TISA, CF, LAYN, MTX, NUGabelli to hold a conference
Best Ideas Conference is being held in New York on December 13.
News For INAP;VIA;RSG;MDCA;TISA;CF;LAYN;MTX;NU From The Last 14 Days
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October 23, 2014
17:04 EDTMTXMinerals Technologies reports Q3 ex-items EPS $1.25, consensus $1.07
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16:37 EDTLAYNLayne Christensen CEO comments on Q3 guidance
David A.B. Brown, President & CEO of Layne, commented, "Despite these anticipated losses, we remain confident in the direction of our business and the progress we are making to improve Layne's operating results. We are especially pleased that our growing Energy Services division is on track to produce its first-ever profitable quarter. As expected, losses at Heavy Civil should narrow from Q2 FY 2015. We expect to complete substantially all of the unprofitable projects at Heavy Civil by the end of FY 2015, with losses in the division weighing on our results through Q4 FY 2015. Poor results at Mineral Services will likely persist through the balance of FY 2015 and FY 2016. We continue to seek to manage costs and consolidate locations at Mineral Services, where appropriate, as the mining industry recovers. Looking ahead to Q4 FY 2015, we anticipate consolidated pre-tax results similar to Q3 FY 2015 as we enter our normal seasonal slowdown. Liquidity has improved since the end of Q2 FY 2015. Current domestic cash on hand and availability under the ABL facility is approximately $65 million." Brown concluded, "We continue to make progress implementing our previously announced restructuring plan. Layne expects to realize annualized cost savings of between $17 and $22 million. We continue to evaluate each of our divisions and to explore operational enhancements, as well as review under-performing assets and take action where appropriate."
16:36 EDTLAYNLayne Christensen sees Q3 EPS (60c)-(55c), consensus (26c)
Sees Q3 revenue $210M-$215M, consensus $216.74M. The anticipated net loss from continuing operations in Q3 FY 2015 is expected to be primarily attributable to the following: Losses of between $3.1 million and $3.5 million at Mineral Services, reflecting the continuing impact of volatile commodity prices, and economic and political unrest on project starts and utilization rates; Losses at Heavy Civil of between $3.8 million and $4.3 million, primarily due to the combination of several unprofitable legacy contracts and later contracts producing low margins, as well as recurring general and administrative expenses. The legacy contracts should be substantially complete by the end of FY 2015; and Losses at Geoconstruction of between $3.4 million and $3.9 million, due to delays in resolving claims on certain projects.
07:53 EDTVIAAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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October 22, 2014
09:30 EDTTISAGenpact and Top Image Systems partner for management solutions
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October 21, 2014
14:16 EDTNUNortheast Utilities downgraded to Peer Perform from Outperform at Wolfe
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October 20, 2014
12:36 EDTCFOptions with decreasing implied volatility
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October 17, 2014
05:10 EDTCFYara announces termination of merger discussions with CF Industries
Yara International ASA (YARIY) and CF Industries (CF) have terminated their discussions regarding a potential merger of equals transaction. Torgeir Kvidal, president and CEO of Yara International ASA stated, "This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders."
October 16, 2014
17:55 EDTCFCF Industries announces termination of merger talks with Yara International
CF Industries (CF) announced that the company and Yara International (YARIY) have terminated their discussions regarding a potential merger of equals transaction. “I want to thank the management team and Board of Directors of Yara International for their cooperation and professionalism throughout our discussions,” stated Tony Will, president and CEO, CF Industries. “Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders.” Will continued, “CF Industries has a strong stand-alone business plan and we are confident in the material increase in our cash flow generation as our capacity expansion projects come on-stream as scheduled. We remain fully committed to driving shareholder value creation by investing in high return projects while returning excess cash to stockholders through dividends and a substantial share repurchase program.”
14:13 EDTCFU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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October 15, 2014
07:28 EDTNUNortheast Utilities management to meet with Deutsche Bank
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October 10, 2014
12:05 EDTCFUSDA raises U.S. corn production estimate to 14.475B
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