AmerisourceBergen tops Q3 estimates, raises FY16 EPS view
On expectations of impressive third-quarter performance, beginning June 2016, the shares of the drug wholesale company AmerisourceBergen Corporation (NYSE: ABC) started rising from 12-month low of $73.30. The company did not let down the investors. Last week, AmerisourceBergen, formed by
Read More3M misses Q2 rev. estimates, slashes FY16 rev. outlook
Tougher business conditions continue to impact the performance of several well known multinational companies. The latest addition to that list is 3M Company (NYSE: MMM). The renowned manufacturer of post-it products reported lackluster fiscal 2016 second-quarter revenue that missed the
Read MoreAmphenol beats Q2 expectations, raises FY16 EPS outlook
Aided by an increase in demand for electronic goods worldwide, Amphenol Corporation (APH), the designer and manufacturer of high-tech electrical and electronic components, reported more than a 10% rise in the fiscal 2016 net sales, compared to prior year’s corresponding
Read MoreAZZ turns bullish on reiteration of FY17 EPS and revenue
On Friday, the shares of metal finishing solutions provider AZZ incorporated (AZZ) closed at $60.12, which is just a few notches below the 12-month high of $60.92. The company reported its fiscal 2017 first-quarter results last week. The earnings missed
Read MoreMonsanto Q3 misses estimates, profit margin falls
Last Thursday, agricultural bio-technology company Monsanto Company (MON) reported a decline in the fiscal 2016 third-quarter revenue, compared to the similar period last year. The third-quarter revenue also missed the analysts’ estimates. However, the stock price almost closed flat. The
Read MoreCarMax slides on missing Q1 consensus, rising competition
Earlier last week, used-car retailer CarMax Inc. (KMX) reported its fiscal 2016 first-quarter results that were below the analysts’ estimates. As expected, the punters hit the stock hard without any respite. The stock has lost about 10% in the past
Read MoreHSBC’s New Mortgage Offer Indicates High Housing Prices
The recent cut in mortgage rate by HSBC in the United Kingdom has shown that housing prices in the country has reached its highest levels. HSBC’s latest product has been dropped below the lowest rate of 1.14 percent that was
Read MoreSmith & Wesson turns bullish on strong Q1, Fy17 outlook
Gun manufacturer Smith & Wesson Holding Corporation (SWHC) reported a better than expected fiscal 2016 fourth-quarter revenue and non-GAAP earnings. The market responded positively to the news and lifted the share price to $23.65, up $1.90 or 8.74% from Thursday’s
Read MoreBats Europe Launches Competing Index To UK FTSE 100
Bats Europe, one of the largest European stock exchange operators has launched a new set of benchmark indices focused on the UK market in an attempt to challenge the domination of London Stock Exchange. The new indices numbering 18 in all are
Read MoreMicrosoft Announces Acquisition of LinkedIn For $26.2 Billion
Microsoft announced at the start of this week that it was in the process of acquiring LinkedIN, a professional based networking website for $26.2 billion. The acquisition has come as a surprise to many and some analysts believe that Microsoft
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