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February 19, 2013
19:11 EDTNRF, TEX, NTSP, MDRX, BHP, MM, DMD, SINA, TSS, LLNW, GDOT, LZBOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 6.1%... Allscripts (MDRX), up 5.7%... La-Z-Boy (LZB), up 10.6%... ALSO HIGHER: Demand Media (DMD), up 14.8% after Q4 results and saying it is exploring separating its businesses into two independent, publicly-traded companies... NetSpend Holdings (NTSP), up 30% after announcing an agreement to be acquired by Total System (TSS) for $16 per share. Green Dot (GDOT), which competes with NetSpend in the general purpose reloadable debit card market also gained 12.5% in after hours trading... DOWN AFTER EARNINGS: Millennial Media (MM), down 26%... Terex (TEX), down 6.3%... Limelight Networks (LLNW), down 7.5%... ALSO LOWER: BHP Billiton (BHP), down 0.4% after announcing its CEO will retire in May... Northstar Realty (NRF), down 3% after announcing offering of 30M shares of common stock...Total System (TSS), down 1.8% after announcing an agreement to acquire NetSpend for $16 per share.
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November 19, 2015
10:12 EDTSINASINA still gets no credit for portal business or portfolio, says Piper Jaffray
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10:02 EDTSINASINA turns negative on the session
The stock was last at $50.25, down fractionally on the session following an earlier run higher. At current price resistance is at the high of the day at $52.13. Support is at $49.68, the session low.
06:51 EDTSINASina viewed as best value play in sector, WSJ says
Sina (SINA) continues to be one of the Chinese Internet sector's best value plays and its prospects may improve even more it it furthers its relationship with Alibaba (BABA), Aaron Back of the Wall Street Journal's Heard on the Street says. The company is a majority owner of Weibo (WB), which reported upbeat earnings yesterday and which increased its MAU's this past quarter by 33% to 222M, Back says., on the other hand, is struggling, seeing ad revenue fall 14% year over year in the most recent quarter, the report says. The company aims to turn the business around by next year and will continue to rely on Alibaba, the Journal says. Reference Link
06:40 EDTBHPBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link
November 18, 2015
19:15 EDTSINAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Keurig Green Mountain (GMCR), up 16.3%... (CRM), up 5.2%... SINA (SINA), up 2.3%... NetApp (NTAP), up marginally. ALSO HIGHER: KaloBios (KBIO), up 721.3% after the disclosure of purchases by Martin Shkreli and Anthion Partners... Vitae Pharmaceuticals (VTAE), up 23.3% after reporting top-line results from its Phase 1 trial of VTP-43742... DOWN AFTER EARNINGS: Semtech (SMTC), down 8.5% after reporting quarterly results. ALSO LOWER: Sunedison (SUNE), down 10.8% after Reuters reports that Blackstone is not interested in SunEdison investment.
16:35 EDTSINASINA reports Q3 EPS 39c, consensus 20c
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16:17 EDTLLNWLimelight Networks CFO Pete Perrone to step down
Limelight Networks announced that Pete Perrone has informed the company of his intent to resign his duties as CFO effective December 4. Limelight's Board of Directors will conduct a search for a new CFO. Sajid Malhotra, Limelight's chief strategy officer, has been named interim CFO, effective December 4, until a permanent CFO is named. Commenting on the departure, Limelight's CEO Bob Lento said "In his capacity as the CFO and as a Board member prior to that, Pete made significant contributions to the turnaround and growth of Limelight. The employees, the Board of Directors and I would like to thank Pete and wish him well in his future." He added, "I am extremely confident in the depth and strength of the finance team and in Sajid's ability to lead the finance organization during this transition. Pete's departure is unrelated to the recent developments in the Akamai lawsuit and to the financial performance of the business. We are leaving the fourth quarter and full year 2016 guidance unchanged."
November 17, 2015
16:12 EDTLZBLa-Z-Boy reports Q2 EPS 41c, consensus 41c
Reports Q2 revenue $382.9M, consensus $388.11M. Reports same-store written sales for La-Z-Boy Furniture Galleries store network up 3.6%.
15:13 EDTLZBNotable companies reporting after market close
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14:28 EDTLZBLa-Z-Boy technical comments ahead of results
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10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded on valuation at KeyBanc... BHP Billiton (BHP) downgraded to Neutral from Buy at Clarksons Platou... Chesapeake (CHK) downgraded to Neutral from Buy at Sterne Agee CRT... ChipMOS (IMOS) downgraded to Equal Weight from Overweight at Morgan Stanley... Clovis (CLVS) downgraded to Neutral from Conviction Buy at Goldman... Cooper Companies (COO) downgraded to Market Perform from Outperform at Wells Fargo... Five Below (FIVE) downgraded to Neutral from Buy at Sterne Agee CRT... Grainger (GWW) downgraded to Underweight from Neutral at Atlantic Equities... Hess Corp. (HES) downgraded to Perform from Outperform at Oppenheimer... J Sainsbury (JSAIY) downgraded to Neutral from Buy at Citi... Kindred Biosciences (KIN) downgraded to Market Perform from Outperform at BMO Capital... Leju (LEJU) downgraded to Neutral from Buy at BofA/Merrill... Lombard Medical (EVAR) downgraded to Equal Weight from Overweight at Barclays... Osiris (OSIR) downgraded to Sell from Hold at Brean Capital... Polaris Industries (PII) downgraded on anemic ORV growth at Wedbush... SQM (SQM) downgraded to Hold from Buy at HSBC... Southwestern Energy (SWN) downgraded to Underperform from Neutral at Sterne Agee CRT... Starwood (HOT) downgraded to Outperform from Buy at CLSA... Urban Outfitters (URBN) downgraded to Hold from Buy at Cantor... WM Morrison (MRWSY) downgraded to Sell from Neutral at Citi... adidas (ADDDY) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underweight from Equal Weight at Barclays.
09:27 EDTMDRXAllscripts management to meet with Leerink
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09:15 EDTBHPBHP Billiton downgraded to Neutral from Buy at Clarksons Platou
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06:26 EDTMDRXThe Advisory Board initiated with an Overweight at JPMorgan
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06:17 EDTBHPBHP Billiton reviewing all dams worldwide, U.K. Times reports
BHP Billiton (BHP) CEO Andrew Mackenzie told analysts and investors at the company's annual general meeting that the company is reviewing all of its dams worldwide after the Samarco mudslide in Brazil killed at least nine people, The U.K. Times reports. Mackenzie also said BHP is considering moving away from the arrangement under which mines that it partly owns are managed by committee rather than by a single operator; the Samarco mine is half run by BHP, with the remainder owned by Vale (VALE). Reference Link
November 16, 2015
18:50 EDTBHPSamarco to set aside $262M for initial costs after Brazil dam breach, WSJ says
Samarco, a joint venture of Vale (VALE) and BHP Billiton (BHP), reached an agreement with Brazilian prosecutors to establish an initial $262M cleanup fund related to two dam breaches at its iron-ore mines in Minas Gerais state, reports the Wall Street Journal. Reference Link
16:22 EDTSINACharles Chao reports 17.8% stake in SINA
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13:26 EDTBHPVale: It will take 'years' for Rio Doce river to recover, Reuters reports
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12:53 EDTLLNWLimelight Networks responds to US Court of Appeals decision
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06:01 EDTBHPBHP Billiton to face questions about Samarco at annual meeting, WSJ reports
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