The next week is going to be important one with major companies including Cisco Systems, Inc. (NASDAQ:CSCO), Macy’s, Inc. (NYSE:M), Prudential Plc (LON: PRU), Wal-Mart Stores, Inc. (NYSE:WMT) and Tata Motors Limited (ADR) (NYSE:TTM) announcing their earnings for this quarter of 2014. Cisco Systems, Inc. (NASDAQ:CSCO) has announced the date for releasing its fourth quarter…
Post Holdings Inc (POST) and Hanger Inc (HGR) Plummet After Gloomy Quarterly Results
Both Post Holdings Inc (NYSE:POST) and Hanger Inc (NYSE:HGR) experienced a downward rally after their dismal quarterly results. In case of Post Holdings Inc (NYSE:POST), the company reported a loss $35.1 million primarily because of the lack of integration in the companies it acquired in 2013. Post Holdings Inc (NYSE:POST) shares lost up to 22%…
SolarCity Corp (SCTY) Shares Gain Momentum after Second Quarter 2014 Results
SolarCity Corp (NASDAQ: SCTY) has gained momentum in its share prices after the second quarter 2014 earnings. The share price has increased by 1.1% after the announcement of the second quarter financial results on August 7, 2014. Further, the brokerage firms are hopeful for further improvement in SolarCity Corp (NASDAQ: SCTY)’s share prices. It has…
Chevron Corporation (CVX) Evacuating Staff from North Iraq as Tension Soars
Chevron Corporation (NYSE: CVX) reported that it is pulling staff out of North Iraq as the Islamic State militants are pushing hard towards the capital. According to Chevron Corp, it has extracted expatriate staff from the location because of safety concerns. Not only Chevron but also all the major oil producers are ready to evacuate…
Apple Inc. (AAPL) and Samsung Shake Hands Beyond American Shores
Apple (NASDAQ:AAPL) and Samsung decided to shake hands and effectively put an end to lawsuits filed against each other in countries beyond the shores of America which they had been fighting over since 2011. The agreement covers the countries including Germany, Netherlands, France, Italy and UK in Europe, Japan and South Korea in Asia and…
Apple Inc. (AAPL), Exxon Mobil Corporation (XOM): Swiss National Bank Sours on These Stocks
According to a U.S. Regulatory filing, the Swiss National Bank (SWX: SNBN) has trimmed down its investment in Apple Inc. (NASDAQ:AAPL), Johnson & Johnson (NYSE:JNJ), and Exxon Mobil Corporation (NYSE:XOM) in the second quarter of 2014. Some important points of this filing include: SNB cuts down its Apple Inc. (NASDAQ:AAPL) shares by 0.3% on June 30 as…
Fiserv Reports Solid First-Quarter Results
Fiserv reported first quarter 2014 results, which we characterize as modestly better than expectations. Adjusted internal revenue grew 5.6% year-over-year, compared with our estimate of 3.8% growth. The payments segment grew 8.5%, while the financial segment grew 2.7%, with both coming in above estimates. The adjusted operating margin was 29.6%, an improvement of 120 basis…
Apollo Education Group Positive Investor Day, but Recovery Remains Difficult to Quantify
Apollo Education Group’s first investor day since 2006 helped shed light on a business in transition and the deep and qualified leadership team behind the transition, but lacked incremental quantitative support for the next leg up in the company’s recovery. Management still believes the core domestic degree business can return to modest growth through a…
Charles River Laboratories International Galapagos Transaction Update
On March 13 Charles River announced the acquisition of Galapagos NV’s CRO services businesses: Argenta and BioFocus. To finance the acquisition, Charles River used a combination of cash and debt from its existing euro-denominated revolving credit facility. As a result, we estimate 2014 interest expense will increase by $2.8 million, to $9.6 million. CRL trades…
W.W. Grainger Quarter Likely to Fall Short of the Street
We expect first-quarter EPS to fall below consensus of $2.97, with a likely range of $2.86-$2.92. Street sales growth consensus of 5%, implying 9% growth in March, looks too high. Although March will benefit from the calendar shift of Good Friday, and weather has been more favorable, 9% growth from 3% growth in January and…