Stock Wire

CBS Second-Quarter Results Beat Forecasts

CBS Second-Quarter Results Beat Forecasts

Stock Wire August 9, 2019 at 7:03 pm 0 comments

CBS (CBS.A, CBS.B) posted better-than-expected results for its fiscal second-quarter after markets shut on Thursday, helped by double-digit growth in revenue from affiliates and subscription fees as well as content licensing and distribution. The New York-headquartered company posted revenue of $3.81 billion in the three months to June 30, upRead More

Allergan Reports Better-Than-Expected Second-Quarter Results as Medicines Offset Weaker Therapeutics

Allergan Reports Better-Than-Expected Second-Quarter Results as Medicines Offset Weaker Therapeutics

Stock Wire August 6, 2019 at 2:27 pm 0 comments

Allergan (AGN) reported better-than-expected results for its fiscal second quarter on Tuesday, as the pharmaceutical company benefited from growth in its medicines and cosmetic products like Botox and Juvederm. The Dublin, Ireland-based company that’s set to be acquired by AbbVie (ABBV) also raised its revenue outlook for the current year.Read More

Stocks Slide in Early Session

Stocks Slide in Early Session

Stock Wire July 25, 2019 at 3:36 pm 0 comments

Stocks were heading lower on Thursday morning as carmaker Ford Motor’s (F) results weighed on the Standard & Poor’s 500 while Tesla’s (TSLA) selloff after its earnings dented the Nasdaq Composite. All the US measures trended lower after the open, with more than two-thirds of the blue chips on theRead More

European ADRs Move Lower in Monday Trading

European ADRs Move Lower in Monday Trading

Stock Wire July 22, 2019 at 3:18 pm 0 comments

American depositary receipts of European stocks were trading 0.16% lower at 1,046.94 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by electronics maker Philips Electronics (PHG) and biotech firm Zealand Pharma (ZEAL), which climbed 5.5% and 2% respectively. They were followedRead More

Cintas Unveils Full-Year Guidance

Cintas Unveils Full-Year Guidance

Stock Wire July 17, 2019 at 2:43 pm 0 comments

Uniform rental company Cintas (CTAS) unveiled full-year guidance after markets shut on Tuesday as it posted better-than-expected results for its fiscal fourth-quarter which were buttressed by double-digit growth in its first aid operating segment. The Cincinnati, Ohio-headquartered company, which also provides flame-resistant clothing and restroom and hygiene solutions, generated revenueRead More

European ADRs Trading Lower

European ADRs Trading Lower

Stock Wire June 25, 2019 at 3:14 pm 0 comments

American depositary receipts of European stocks were trading 0.03% higher at 1,055.23 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by 3D printer maker voxeljet (VJET) and pharmaceutical company Novartis (NVS), which rose 0.8% and 0.7% respectively. They were followed byRead More

Sotheby’s Agrees to Take-Private Offer

Sotheby’s Agrees to Take-Private Offer

Stock Wire June 17, 2019 at 3:31 pm 0 comments

Sotheby’s (BID) said Monday that it has agreed to be acquired in a $3.7 billion deal that would take the auction house private. The New York-based company said it will merge with BidFair USA, wholly owned by Altice Europe founder and Chairman Patrick Drahi. BidFair will pay $57 for eachRead More

Former National Beverage Employee Alleges Company Falsely Claims Its Cans Are Chemical-Free

Former National Beverage Employee Alleges Company Falsely Claims Its Cans Are Chemical-Free

Stock Wire, Technology June 12, 2019 at 6:59 am 0 comments

National Beverage Corp (FIZZ) was down 7% Tuesday afternoon, recovering moderately from a more than 10% decline to its lowest share price since March 2016 that followed reports the sparkling water seller falsely claimed its metal containers were free of toxic chemicals. According to a copy of the lawsuit obtainedRead More

Citigroup CFO Expects Lower Q2 Revenues for Trading, Investment Banking Businesses

Citigroup CFO Expects Lower Q2 Revenues for Trading, Investment Banking Businesses

Stock Wire June 12, 2019 at 6:55 am 0 comments

The trading and investment banking businesses of Citigroup (C) will see lower revenues in Q2, the Financial Times reported on Tuesday, citing the bank’s CFO Mark Mason. Mason said in an industry conference that Citigroup’s revenue in fixed income and equity trading would be down in the mid-single digits, relativeRead More