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Stock Market & Financial Investment News

News Breaks
May 9, 2014
05:49 EDTMNK, TStocks with implied volatility movement; MNK T
Stocks with implied volatility movement; Mallinckrodt (MNK), AT&T (T) 16 according to iVolatility.
News For MNK;T From The Last 14 Days
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October 22, 2014
16:42 EDTTAT&T reports Q3 net increase in total wireless subscribers of 2M
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16:38 EDTTAT&T reports Q3 solid wireline consumer revenue growth 3% vs. year ago period
Reports Q3: Total U-verse revenues, including business, up 23.8% year over year; U-verse now a $15B annualized revenue stream. 601,000 U-verse high speed Internet subscriber net adds, including 44,000 business customers; more than 12M total U-verse high speed Internet subscribers. 216,000 U-verse TV subscribers added; more than 6M total U-verse video subscribers. Strategic business services revenue growth of 14.3% year over year, to reach an annualized revenue stream of almost $10B.
16:08 EDTTAT&T down over 3% following Q3 results, guidance
16:06 EDTTAT&T lowers FY14 revenue growth view to 3%-4% from 5% range, consensus $133.08B
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16:04 EDTTAT&T reports Q3 cash from operations $8.7B
16:04 EDTTAT&T reports Q3 postpaid net adds 785,000
Reports Q3: Postpaid net adds of 785,000, more than double the year-ago quarter; more than 2.4M postpaid net adds year to date. Best-ever third-quarter postpaid churn of 0.99%. Wireless revenues up 4.9% versus the year-ago quarter. Wireless data billings up nearly 24% versus the year-earlier quarter. Wireless operating income margin of 24.6%, with adjusted EBITDA service margin of 43.1%. Nearly 1.2M new postpaid smartphones added; smartphones accounted for 91% of postpaid phone sales. Nearly 47M connections on AT&T Mobile Share which represented about 62% of postpaid subscribers; more than half of Mobile Share accounts are on data plans of 10 gigabytes or higher. Best-ever third-quarter 6.8M postpaid smartphone gross adds and upgrades; 3.4M of all smartphone gross adds and upgrades on AT&T Next with no device subsidy.
16:01 EDTTAT&T reports Q3 adjusted EPS 63c, consensus 64c
Reports Q3 revenue $33B, consensus $33.24B.
15:30 EDTTNotable companies reporting after market close
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11:12 EDTTFCC stops 'informal clock' for review of AT&T, Comcast proposed deals
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
October 21, 2014
13:09 EDTTEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
October 20, 2014
07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
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07:12 EDTMNKCongress of Neurological Surgeons to hold annual meeting
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October 16, 2014
08:29 EDTTAT&T sees 359K customers seek refunds for 'cramming' charges, Time reports
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October 15, 2014
10:11 EDTTFrontier granted PURA approval for AT&T wireless ops. in Connecticut
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06:42 EDTMNKMallinckrodt valuation remains compelling, says Piper Jaffray
Piper Jaffray believes Mallinckrodt's outlook for FY15 is conservative and that the risk/reward on shares is compelling. The firm raised its price target for the stock to $109 from $105 following the company's investor day and reiterates an Overweight rating on the name.
October 14, 2014
11:13 EDTMNKMallinckrodt management to meet with UBS
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09:40 EDTMNKMallinckrodt aims to drive 'modest' growth in specialty controlled generics
Says aiming for profitability and revenue growth. Will continue to expand its pain management business. Looking to increase shareholder value, patient solutions and to drive top-line growth. Says aims to develop and acquire "durable, late stage complex products." Looking to invest in pipeline extensions of key portfolio assets. Aims to divest lower margin, slower growing business. Says sees future expansion in ophthalmology and dermatology. Looks to actively divest lower-growth businesses. Says durable assets, platforms positioned for sustained Specialty Pharmaceuticals growth. Says OFIRMEV is well positioned for growth in FY15 and beyond. Aims to up Acthar growth and initiate commercial efforts. Plans to enhance its science and technology investment. Comments made during the company's investor briefing.
07:34 EDTMNKMallinckrodt to host conference call
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07:02 EDTMNKMallinckrodt sees FY15 adjusted EPS $6.70-$7.20, consensus $6.80
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06:03 EDTMNKMarket overreacted to new Irish tax rules, says BMO Capital
BMO Capital believes the market may have overreacted yesterday to the report that Ireland is eliminating the "Double Irish" tax loophole. The firm says Allergan (AGN) confirmed that it incorporated potential changes to Irish tax law in its recently raised earnings guidance while Mallinckrodt (MNK) said it does expect the new tax structure to have an immediate impact. BMO views yesterday's pullback in shares of Allergan, Mallinckrodt and Actavis (ACT) as an overreaction.
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