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Stock Market & Financial Investment News

News Breaks
August 27, 2013
18:50 EDTTIVO, ARAY, AVGO, WTSL, PNG, PAA, AVAV, QIHU, DAROn The Fly: After Hours Movers
UP AFTER EARNINGS: Accuray (ARAY), consensus 8.2%... Avago (AVGO), up 6.1%... Wet Seal (WTSL), consensus 9.1%... TiVo (TIVO), up 1.1%. ALSO HIGHER: PAA Natural Gas Storage (PNG), up 5.8% after receiving a buyout offer from Plains All American (PAA). DOWN AFTER EARNINGS: AeroVironment (AVAV), down 3.4%... Dycom (DY), down 2.4%. ALSO LOWER: Qihoo 360 (QIHU), down 4.1% after announcing a $550M offering of convertible senior notes due 2018... Darling (DAR), down 2.4% after saying a heat exchanger must be replaced at its Diamond Green Diesel venture, lowering thru put rates by about 5,000-7,000 barrels per day through mid-October.
News For TIVO;ARAY;AVGO;WTSL;PNG;PAA;AVAV;QIHU;DAR From The Last 14 Days
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October 30, 2014
10:52 EDTQIHUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
08:20 EDTPAAMarathon Petroleum and partners order study of future operations for Capline
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07:15 EDTARAYASCO / ASTRO / IASLC to hold symposium
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October 29, 2014
18:59 EDTARAYOn The Fly: After Hours Movers
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16:23 EDTARAYAccuray backs FY15 revenue view $390M-$410M, consensus $402.86M
Accuray reaffirmed its FY15 guidance for revenue of $390M-$410M and adjusted EBITDA of $18M-$27M.
16:22 EDTARAYAccuray reports Q1 EPS (28c), consensus (13c)
Reports Q1 revenue $82.4M, consensus $88.9M. Reports Q1 gross orders of $58.8M. Cash, cash equivalents, and investments were $152.7M as of September 31, a decrease of $19.2M from June 30.
October 28, 2014
09:15 EDTQIHUQihoo 360 named a long Research Tactical Idea at Morgan Stanley
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08:16 EDTQIHUQihoo rumored to launch premium video site with Enlight, Marbridge Daily says
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07:55 EDTAVGOAvago RF Micro Skyworks should be bought ahead of results, says Pacific Crest
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October 27, 2014
09:13 EDTDARDarling price target lowered to $22 from $25 at Canaccord
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October 21, 2014
14:04 EDTTIVO, AVGOEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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October 20, 2014
18:51 EDTAVGOOn The Fly: After Hours Movers
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18:22 EDTAVGOSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
07:12 EDTARAYCongress of Neurological Surgeons to hold annual meeting
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