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Stock Market & Financial Investment News

News Breaks
January 15, 2013
09:41 EDTSJR, ROGShaw asset sale raises speculation of bid for Corus, Globe and Mail says
Following Shaw Communications' (SJR) deal to sell certain assets, including wireless spectrum rights, to Rogers Communications (ROG), analysts say Shaw may make a bid to purchase the remaining stake in Corus Entertainment it does not already control, according to The Globe and Mail. Reference Link
News For SJR;ROG From The Last 14 Days
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July 29, 2014
16:13 EDTROGRogers sees Q3 EPS 65c-75c , consensus 86c
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16:12 EDTROGRogers reports Q2 EPS 58c, consensus 56c
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July 17, 2014
16:08 EDTROGRogers Corp lowers Q2 EPS view to 55c-58c from 68c-76c, consensus 74c
Raises Q2 revenue from continuing operations guidance to $153.5M from $143M-$148M, consensus $146M. These revised unaudited earnings estimates are primarily the result of increased selling, general and administrative expenses of approximately $6M-$7M and a higher than anticipated effective tax rate. The increase in SG&A expenses was driven by incentive compensation accruals and unusually high spending on internal process improvement projects, business development investments, CFO transition expenses, and other severance costs. The higher effective tax rate was the result of a change in the geographic profit mix to higher tax rate jurisdictions.

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