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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:40 EDTWATWaters downgraded to Hold from Buy at Gabelli
News For WAT From The Last 14 Days
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October 21, 2014
16:36 EDTWATOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
09:07 EDTWATWaters says interviewing potential CEO candidates on 'weekly basis'
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08:52 EDTWATWaters sees Q4 constant currency sales growth in 4%-5% range
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08:52 EDTWATWaters raises FY14 EPS view to $5.34-$5.44 from $5.25-$5.40
Consensus is $5.30. Sees FY14 constant currency sales growth around 5%. Says has "conservative" short-term outlook in guidance. Says monitoring business conditions in China. Says "actively progressing" in search for successor to CEO Douglas Berthiaume. Sees spending most of its cash to buy back shares. Sees FY14 operating tax rate around 14%. Sees gross margins in Q4 sequentially iproving from Q3.
08:51 EDTWATWaters sees Q4 EPS $1.83-$1.93, consensus $1.90
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07:01 EDTWATWaters reports Q3 adjusted EPS $1.38, consensus $1.29
Reports Q3 revenue $493.2M, consensus $486.58M.
October 20, 2014
15:36 EDTWATNotable companies reporting before tomorrow's open
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