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Stock Market & Financial Investment News

News Breaks
February 4, 2014
14:16 EDTMHFIMcGraw Hill Financial rallies after Q4 results and guidance
Shares of financial intelligence company and ratings provider McGraw Hill Financial (MHFI) are trading higher after the company's fourth quarter results surpassed analysts' expectations. The firm also introduced 2014 guidance. WHAT'S NEW: This morning, McGraw Hill Financial reported fourth quarter earnings per share of 81c on revenue of $1.25B, surpassing analysts' consensus estimates of 78c and $1.24B, respectively. The company also introduced fiscal year 2014 guidance of mid-teen earnings per share growth to $3.75 to $3.85, against analysts' consensus estimate of $3.75. McGraw Hill Financial also gave FY14 revenue guidance of mid single-digit growth and said it expects free cash flow for 2014 of approximately $1B. The company's president and chief executive officer Douglas Peterson commented, "2013 has been a momentous year for the company as we transformed McGraw Hill Financial into a more profitable, more growth-oriented company." He continued, "My focus will be on enhancing our customers' experience, thoughtfully broadening our presence in international markets, and delivering strong financial performance based both upon revenue growth and cost control." PRICE ACTION: In afternoon trading, McGraw Hill Financial shares are off their highs but still up about 3% to $76.57 on almost twice their average daily trading volume.
News For MHFI From The Last 14 Days
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July 28, 2015
06:53 EDTMHFIMcGraw Hill Financial no longer a Top Pick at Barclays
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July 27, 2015
17:36 EDTMHFIOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory, with weakness attributed to the Chinese market suffering its worst one day loss in over eight years. The U.S. indexes remained in the negatives throughout the day as traders prepare for one of the heaviest weeks for this earnings season. ECONOMIC EVENTS: In the U.S., durable goods orders advanced 3.4% in June versus expectations for a 3.2% increase. Excluding transportation items, the core reading was up 0.8% against estimates for a 0.5% gain. In China, the Shanghai composite index fell 8.5% and the Shenzhen composite dropped 7%, with the moves generally attributed to concerns over growth and fears that the government may pull its market support. Note that Dow Jones quoted the country's top securities regulator this morning as saying China plans to increase stock purchases by the state. COMPANY NEWS: Shares of Teva (TEVA) jumped $10.15, or 16.41%, to $72.07 after the generic drugmaker dropped its pursuit of Mylan (MYL), opting instead to acquire Allergan's (AGN) global generic pharmaceuticals business for $40.5B. Allergan shares rose 6.09% for the session, and Mylan fell 14.51% to $56.37 while reiterating its commitment to pursue Perrigo (PRGO), whose shares gained 3.81% to $193.60. MAJOR MOVERS: Among the notable gainers was Wabtec (WAB), which rose $6.59, or 7.21%, to $97.93 after agreeing to buy Faiveley Transport for roughly $1.8B, noting that it expects EPS accretion in 2016. In other M&A news, Magnetek (MAG) finished the session up $17.27, or 53.55%, to $49.52 after Columbus McKinnon (CMCO) agreed to acquire the company for $50 per share, while Beacon Roofing Supply (BECN) jumped $2.62, or 8.71%%, to $32.70 after agreeing to buy Roofing Supply Group at a transaction value of about $1.1B. Also higher were shares of Xueda Education (XUE), which surged 50.63% after Xiamen Insight Investment announced a deal to purchase the company for $5.50 per American Depository Share. Xueda's positive move came in stark contrast to numerous Chinese stocks traded in New York, with Baidu (BIDU) slipping 4.16% and Alibaba (BABA) losing 2.01% after China's Shanghai composite index plunged overnight. Also lower was McGraw Hill Financial (MHFI), declining $6.01, or 5.69%, to $99.59 after agreeing to acquire SNL Financial for roughly $2.225B in cash. Additionally, GrubHub (GRUB) lost 8.37% to $30.99 following a downgrade from Cowen citing competitive concerns and market saturation. INDEXES: The Dow fell 127.94, or 0.73%, to 17,440.59, the Nasdaq lost 48.85, or 0.96%, to 5,039.78, and the S&P 500 declined 12.01, or 0.58%, to 2,067.64.
12:03 EDTMHFIOn The Fly: Top stock stories at midday
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07:34 EDTMHFIMcGraw Hill Financial reports Q2 Transaction revenue up 1% to $329M
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07:33 EDTMHFIMcGraw Hill Financial backs FY15 adjusted EPS $4.35-$4.45, consensus $4.44
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07:33 EDTMHFIMcGraw Hill Financial reports Q2 adjusted EPS $1.21, consensus $1.13
Reports Q2 revenue $1.34B, consensus $1.36B.
07:31 EDTMHFIMcGraw Hill Financial to acquire SNL Financial for $2.23B
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July 26, 2015
15:18 EDTMHFIMcGraw Hill in talks to acquire SNL Financial, Bloomberg says
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