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Stock Market & Financial Investment News

News Breaks
March 18, 2014
11:24 EDTKKD, PAY, GOGO, EBIX, DMNDOptions with decreasing implied volatility: KKD PAY GOGO EBIX DMND
News For KKD;PAY;GOGO;EBIX;DMND From The Last 14 Days
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October 23, 2014
06:02 EDTKKDKrispy Kreme to open first location in South America with Bogotá store
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October 20, 2014
12:28 EDTPAYNCR Corp. plummets after guidance lowered
Shares of payment solutions company NCR Corp. (NCR) are sinking after the firm’s third quarter forecasts missed analysts’ consensus estimates and it lowered its outlook for fiscal 2014. WHAT'S NEW: This morning, NCR Corp. forecast Q3 EPS of 67c and revenue of $1.647B, below analysts' consensus estimates of 71c and $1.66B, respectively. Q3 free cash flow is seen at $132M, which includes the previously announced recovery of $93M related to the Fox River environmental matter. The company cited a challenging retail market as well as difficult global macroeconomic conditions, including foreign currency headwinds, for the weak outlook. WHAT'S NOTABLE: NCR Corp. lowered its FY14 EPS view to $2.60-$2.70 from $3.00-$3.10, compared to consensus of $3.00. It also cut its FY14 revenue outlook to $6.575B- $6.625B from $6.75B-$6.85B, versus consensus of $6.74B. The company said, “While we are disappointed by these results, our Financial Services business remains a bright spot, Q3 free cash flow improvement was strong, and our previously announced restructuring program is on track to deliver annual run-rate savings of approximately $90M by 2016. While we continue to be faced with challenging and uncertain market dynamics, we remain confident in the actions we are taking to address these challenges, including strengthening our Retail Solutions team and talent, as well as utilizing our restructuring program to allocate more resources to our highest growth, highest margin opportunities to drive long-term profitable growth.” PRICE ACTION: In afternoon trading, NCR Corp. fell $6.43, or about 21.5%, to $23.45 on nearly five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $23.32. Including today's pull back, the shares have lost approximately 41% over the past 12 months. OTHERS TO WATCH: Other companies in the payment solutions business include VeriFone Systems (PAY) and Diebold (DBD).
October 17, 2014
11:25 EDTPAYVeriFone wins appeal of patent ruling in favor of CardSoft
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08:00 EDTPAYVeriFone fundamentals unchanged despite sell-off, says Jefferies
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October 15, 2014
11:03 EDTGOGOGogo selected to provide in-flight Wi-Fi on United's two-cabin jet fleet
Gogo (GOGO) announced that it has been selected by United Airlines (UAL) to bring its in-flight Internet service to United's two-cabin regional jet fleet. Installation of Wi-Fi services, which will involve more than 200 aircraft, is expected to begin later this year. The United Express aircraft will be the first regional jets in the United States to be outfitted with Gogo's ATG-4, which more than triples the peak speeds to an aircraft when compared to Gogo's original ATG service that launched in 2008. Additionally, United and Gogo have agreed to partner on offering in-flight entertainment on two-cabin regional jets, beginning early next year, enabling passengers to watch movies and television shows on their Wi-Fi enabled devices. Along with regional jet Wi-Fi and personal device entertainment, late next year, United plans to begin a trial of Gogo's 2Ku satellite Wi-Fi on five of the carrier's aircraft that operate its p.s. "Premium Service" between New York JFK and Los Angeles and New York JFK and San Francisco. These aircraft currently offer Gogo's ATG-4 product.
October 10, 2014
09:17 EDTPAYVeriFone management to meet with Deutsche Bank
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07:14 EDTPAYJackson Square reports 11.94% passive stake in VeriFone

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