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Stock Market & Financial Investment News

News Breaks
July 23, 2014
15:30 EDTWFT, TSCO, SKX, CTXS, NXPI, ETFC, ORLY, CCI, FB, AVB, GILD, T, TRIP, ILMN, QCOMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include AT&T (T), consensus 63c; Facebook (FB), consensus 32c; QUALCOMM (QCOM), consensus $1.22; Gilead (GILD), consensus $1.79; Crown Castle (CCI), consensus $1.01; Illumina (ILMN), consensus 51c; Avalonbay (AVB), consensus $1.66; O'Reilly Automotive (ORLY), consensus $1.85; TripAdvisor (TRIP), consensus 61c; Citrix (CTXS), consensus 61c; Tractor Supply (TSCO), consensus 95c; E*TRADE (ETFC), consensus 23c; Skechers (SKX), consensus 40c; Weatherford International (WFT), consensus 21c; NXP Semiconductors (NXPI), consensus $1.06
News For T;FB;QCOM;GILD;CCI;ILMN;AVB;ORLY;TRIP;CTXS;TSCO;ETFC;SKX;WFT;NXPI From The Last 14 Days
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May 12, 2015
11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTTAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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10:01 EDTNXPIOn The Fly: Analyst Initiation Summary
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09:08 EDTAVBEvercore ISI to hold a field trip
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08:07 EDTTRIPSunTrust to hold a conference
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07:36 EDTTSCOTractor Supply price target raised to $100 from $88 at Credit Suisse
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07:00 EDTFBPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:57 EDTNXPINXP Semiconductors initiated with an Outperform at Bernstein
Target $133.
May 11, 2015
19:05 EDTFBFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "We’re piloting a new way to add a link that’s been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
16:00 EDTFBOptions Update; May 11, 2015
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12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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10:30 EDTFBFacebook management to meet with Pacific Crest
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10:27 EDTCTXSCitrix management to meet with William Blair
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09:59 EDTWFTOn The Fly: Analyst Downgrade Summary
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09:37 EDTFB, QCOMActive equity options trading on open
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07:26 EDTQCOMQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link
06:56 EDTNXPINXP Semiconductors price target raised to $125 from $115 at Deutsche Bank
Deutsche Bank raised its price target for NXP Semiconductors to $125 after meeting with management and reiterates a Buy rating on the name. Deutsche believes the Freescale deal on track and that NXP's core business remains strong.
06:29 EDTETFCE-Trade management to meet with Jefferies
Meeting to be held in Los Angeles on May 11 hosted by Jefferies.
06:16 EDTWFTWeatherford downgraded to Neutral from Buy at Citigroup
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