Thursday, October 31, 2019

Yamaha Motor H1 Core Profit Declines, Revenue Down 2.2%; Revises Forecast

Yamaha Motor Co. (YAMHF.PK) reported that its first-half profit to owners of the parent declined 0.3 percent year-on-year to 21.1 billion yen. Basic profit per share was 118.3 yen compared to 116.4 yen, prior year. Core operating profit decreased 2.1 percent to 26.1 billion yen due to deteriorating industrial machinery/components business and a negative impact of 3.1 billion yen due to the exchange rate.

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Top 5 Losers In Healthcare Sector (COCP, MMSI, RTIX.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Thursday.

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Today's Top 5 Gainers In Healthcare Sector (ELOX, STAA, MYOV.)

The following are some of today's top gainers in the healthcare sector.

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Parker Hannifin Slashes FY20 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Thursday, Parker Hannifin Corp. (PH) slashed its earnings and adjusted earnings guidance for the full-year 2020.

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Hanesbrands Q3 Profit Rises; Updates FY19 Outlook - Quick Facts

Hanesbrands Inc. (HBI) on Thursday reported an increase in net income for the third quarter to $187.78 million or $0.51 per share from $171.42 million or $0.47 per share in the year-ago period.

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Gildan Activewear Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Gildan Activewear Inc. (GIL, GIL.TO) slashed its earnings, adjusted earnings and sales growth guidance for the full year 2019.

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Exelon Narrows FY19 Earnings Outlook - Quick Facts

While reporting its third-quarter financial results on Thursday, Exelon Corp (EXC) said it is narrowing its outlook fiscal 2019 adjusted operating earnings to a range of $3.05 to $3.20 per share from the prior range of $3.00 to $3.30 per share.

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Bristol-Myers Squibb Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) slashed its earnings guidance for the full-year 2019, while raising full year adjusted earnings outlook.

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Altria Q3 Adj. Profit Beats View; Reaffirms FY19 Outlook - Quick Facts

Altria Group, Inc. (MO) on Thursday reported attributable net loss for the third quarter of $2.60 billion or $1.39 per share, compared to net income of $1.94 billion or $1.03 per share in the year-ago period.

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Air France-KLM Stock Dips On Weak Q3 Profit, Cautious Passenger Revenue View

Shares of Air France-KLM Group were losing around 5 percent in Paris trading after the airline reported weak profit in its third quarter, despite increased revenues. Looking ahead, the company projects fourth-quarter network passenger unit revenue at constant currency to be slightly down. The company expects October 2019 load factor to remain stable compared to last year.

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BorgWarner Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, technology solutions provider BorgWarner Inc. (BWA) raised its adjusted earnings and sales growth guidance for the full-year 2019.

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Clorox Confirms FY20 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Thursday, Clorox Co. (CLX) confirmed its earnings and sales growth guidance for full-year 2020.

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Gartner Reiterates FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, research and advisory company Gartner, Inc. (IT) reiterated its earnings, adjusted earnings and revenue guidance for the full-year 2019.

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WESCO International Trims FY19 Outlook Range - Quick Facts

While reporting financial results for the third quarter on Thursday, WESCO International, Inc. (WCC) lowers its earnings and sales growth guidance for the full year 2019, based on the year-to-date results and its view of the end markets.

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Fiat Chrysler and PSA Peugeot agree £35bn merger

Deal between Italian- and French-run firms creates industry’s fourth-biggest carmaker

The boards of Fiat Chrysler Automobiles (FCA) and PSA Peugeot, which also owns the Vauxhall and Citroën brands, have approved a €40bn (£35bn) merger of the two companies that will create the world’s fourth-biggest carmaker.

The Italian and French companies said the 50-50 merger will create a company with annual car sales of 8.7m vehicles, revenues of €170bn (£146bn) and operating profits of more than €11bn. It is expected to generate cost-savings and other benefits of €3.7bn – without any factory closures, the companies said.

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Keep An Eye On SFM, SPWR, OLED.

Keep An Eye On SFM, SPWR, OLED.

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DS Smith Says Expectations For H1 Overall Financial Performance Unchanged

DS Smith plc (SMDS.L) in its half-year pre-close trading update, said Thursday that the industry and business trends have remained consistent with the company's earlier trading update of 3 September 2019 and its expectations for overall financial performance for the period remaining unchanged.

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Shell Q3 CCS Profit Excl. Items Declines; Launches Next Tranche Of Share Buyback

Royal Dutch Shell plc (RDS-B, RDSB.L, RDSA.L, RDS-A) reported third-quarter income attributable to shareholders of $5.88 billion, an increase of 1 percent from prior year. Earnings per share was $0.73 compared to $0.70. CCS earnings attributable to shareholders improved 9 percent to $6.08 billion. Basic CCS earnings per share was $0.76 compared to $0.67. CCS earnings attributable to shareholders excluding identified items declined 15 percent to $4.77 billion, reflecting lower realised oil, LNG and gas prices, as well as weaker realised refining and chemicals margins. Basic CCS earnings per share excluding identified items was $0.59, down 13 percent from prior year.

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Lloyds Banking Q3 Pre-tax Profit Falls; COO Juan Colombas To Retire

Lloyds Banking Group (LLOY.L, LYG) reported a 97 percent plunge in pre-tax profit for the third quarter from last year. The company also said its Chief Operating Officer, Juan Colombas, plans to retire from the Group in July 2020.

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BBVA Group 9-month Profit Down 15.2% - Quick Facts

Spanish banking giant BBVA Group (BBVA) posted net attributable profit of 3.67 billion euros in the first nine months of 2019, down 15.2 percent from 4.32 billion euros in the same period a year earlier, while it declined 15.6 percent at constant exchange rates.

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Agile's Hormonal Contraceptive Patch One Step Closer To FDA Approval

After two failed attempts to secure FDA approval, Agile Therapeutics Inc.'s (AGRX) lead product candidate, Twirla, an investigational combined hormonal contraceptive patch, is now all set to face the regulatory agency for the third time on November 16, 2019.

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Wednesday, October 30, 2019

Carlsberg Q3 Revenues Up 5.3%; Backs FY19 Outlook - Quick Facts

Danish brewer Carlsberg (CABGY.PK) reported Thursday that its third-quarter net revenue increased 5.3 percent to 18.53 billion Danish kroner from last year's 17.59 billion kroner. The revenue growth was impacted by a currency effect of +1.8 percent and +0.4 percent from acquisitions.

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BNP Paribas Q3 Profit Declines, Revenues Rise - Quick Facts

French lender BNP Paribas (BNPQY.PK, BNP.L) reported Thursday that its third-quarter net income attributable to equity holders declined 8.8 percent to 1.94 billion euros from 2.12 billion euros last year. Excluding exceptional items, net income for the quarter increased 3.4 percent.

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Top 5 Losers In Healthcare Sector (CYCN, AMAG, ELGX.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Wednesday.

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Samsung Q3 Profit Down 53%

Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the third-quarter that dropped about 52.9 percent from last year, reflecting continued weakness in the memory chip market. Quarterly operating profit also dropped 55.7 percent from last year, while sales decreased about 5.3 percent. The company expects growing sales in 5G products and foldable devices in 2020.

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Today's Top 5 Gainers In Healthcare Sector (ISEE, ZEAL, CUR.)

The following are some of today's top gainers in the healthcare sector.

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Belden Slashes FY19 Outlook; To Divest Grass Valley - Quick Facts

While reporting financial results for the third quarter on Wednesday, Belden Inc. (BDC) slashed its adjusted earnings and revenue guidance for the full year 2019 and also initiated guidance for the fourth quarter.

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Crocs Boosts FY19 Revenue Growth Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, casual footwear maker Crocs, Inc. (CROX) raised its revenue growth guidance for the full-year 2019, based on the strength of its recent performance and start to the fourth quarter. It also initiated revenues guidance for the fourth quarter and for the full-year 2020.

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McKesson Reaffirms FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Wednesday, McKesson Corp. (MCK) reaffirmed its adjusted earnings guidance for the full-year 2020.

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Yum! Brands Q3 Profit Misses Estimates; Same-Store Sales Up 3%

Yum! Brands, Inc. (YUM) reported third-quarter earnings per share excluding special items of $0.80, a decrease of 23 percent from prior year. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude special items. GAAP earnings per share was $0.81, a decline of 42 percent from prior year.

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Automatic Data Processing Maintains FY20 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Wednesday, Automatic Data Processing Inc. (ADP) maintained its earnings and revenue growth guidance for the full-year 2020.

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Entergy Raises Low End Of FY19 Adj. EPS Outlook - Quick Facts

While reporting its financial results for the third quarter on Wednesday, Entergy Corp. (ETR) updated its outlook for fiscal 2019 adjusted earnings to a range of $5.25 to $5.45 per share from the prior range of $5.15 to $5.45 per share, raising the midpoint 5 cents and narrowing the range.

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Tupperware Brands Revises FY19 Outlook - Quick Facts

While reporting its financial results for the third quarter on Wednesday, Tupperware Brands Corp. (TUP) issued its financial outlook for the fourth quarter and also revised its outlook for fiscal 2019.

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Oshkosh Guides FY19 Earnings In Line With View, Boosts Dividend - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, Oshkosh Corp. (OSK) initiated earnings and net sales guidance for the full-year 2020, and raised its quarterly cash dividend.

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GE Q3 Adj. EPS Rises 36%, Industrial Organic Revenues Up 7%; Stock Surges

General Electric Company (GE) reported third-quarter adjusted earnings per share of $0.15 compared to $0.11, prior year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.11, for the quarter. Analysts' estimates typically exclude special items. Including non-cash Insurance & goodwill charges, the company reported a continuing loss per share of $0.15, compared to a loss of $2.64 per share, prior year.

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Applied Industrial Reaffirms FY20 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Wednesday, Applied Industrial Technologies Inc. (AIT) reaffirmed its adjusted earnings and net sales growth guidance for the full-year 2020.

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Airbus Q3 Net Profit Rises; Backs FY19 Earnings View, Cuts Delivery Outlook

Airbus SE reported Wednesday higher net profit in its third quarter, while EBIT, a key earnings metric, declined with weak revenues. Looking ahead for fiscal 2019, Airbus maintained its expected increase in adjusted EBIT of approximately 15 percent compared to 2018. Airbus now targets around 860 commercial aircraft deliveries, compared to previously targeted 880 to 890 deliveries.

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NiSource Reaffirms FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, electric utility NiSource Inc. (NI) reaffirmed its adjusted net operating earnings guidance for the full-year 2019.

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Healthcare Stocks That Hit New Highs ( GSK, NVO, NVST,...)

The following are the healthcare stocks that hit a new 52-week high on Tuesday.

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Littelfuse Guides Q4 Below View; Declares Qtly Dividend - Quick Facts

While reporting financial results for the third quarter on Wednesday, Littelfuse, Inc. (LFUS), a manufacturer of technologies in circuit protection, power control and sensing, provided adjusted earnings and net sales guidance for the fourth quarter, below analysts' estimates and declared quarterly cash dividend.

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China Petroleum & Chemical Q3 Profit Declines - Quick Facts

China Petroleum & Chemical Corp. (SNP) or Sinopec reported Wednesday that net profit attributable to equity shareholders of the Company for the third quarter was RMB 12.02 billion, down from RMB 17.77 billion in the prior-year quarter. Earnings per share declined to RMB 0.099 from last year's RMB 0.147.

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It's 9-7 For Withdrawal Of Makena, Roche-Spark Deal Delayed Again, MRK On Watch

Today's Daily Dose brings you news about the FDA panel recommendation related to Makena; Merck's Q3 financial results; and extension of the tender offer for shares of Spark Therapeutics, to name a few.

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Peugeot owner in merger talks with Fiat Chrysler

Deal between PSA Group and FCA would create one of world’s biggest carmakers

The French owner of the Peugeot and Vauxhall brands is in talks with Fiat Chrysler Automobiles (FCA) pursuing a merger that would create one of the world’s biggest carmakers.

PSA Group on Wednesday confirmed the existence of the talks, which come only months after a failed merger attempt between FCA and PSA’s French rival Renault.

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Keep An Eye On BGFV, MAT, TENB...

Keep An Eye On BGFV, MAT, TENB...

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Next Plc Q3 Full Price Sales Incl. Interest Income Up 2.0% - Quick Facts

Next plc (NXT.L) reported that its third-quarter full price sales including interest income increased 2.0 percent on last year, in line with the Group's expectations.

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Bayer Q3 Profit Down 63.9%, But Core Earnings Rise; Updates FY19 Outlook

Bayer Group (BAYZF.PK, BAYRY.PK, BYR.L) on Wednesday reported that its third-quarter net income fell 63.9 percent to 1.04 billion euros from 2.87 billion euros last year, which included a substantial divestment gain.

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Tuesday, October 29, 2019

Banco Santander Q3 Profit Down 75% - Quick Facts

Banco Santander S.A. (BNC.L, BSBR, SAN) reported that its attributable profit for the third quarter of 2019 was 501 million euros, down 75 percent from the year-ago period. Earnings per share for the quarter were 0.021 euros.

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Top 5 Losers In Healthcare Sector (KALA, DFFN, OCGN.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Tuesday.

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Today's Top 5 Gainers In Healthcare Sector (ISEE, CYCN, STOK.)

The following are some of today's top gainers in the healthcare sector.

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AMD Issues Q4 Guidance - Quick Facts

Advanced Micro Devices, Inc. (AMD) announced, for the fourth quarter of 2019, the company projects revenue to be approximately $2.1 billion, plus or minus $50 million, an increase of approximately 48 percent year-over-year. The company said the year-over-year increases are expected to be driven by an increase in Ryzen, EPYC and Radeon product sales. AMD expects non-GAAP gross margin to be approximately 44 percent in the fourth quarter of 2019.

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Mattel To Restate Last Two Quarters Of 2017; Announces CFO Transition Plan

Mattel, Inc. (MAT) said the Audit Committee's investigation found errors in the company's publicly-filed financial statements for the last two quarters of 2017. The investigation found that income tax expense was understated by $109 million in the third quarter of 2017, and overstated by $109 million in the fourth quarter of 2017, with no impact for the full year. The company noted that these errors had no impact on its gross profit, operating income, EPS, adjusted EPS, EBITDA, adjusted EBITDA, or cash flows for the year ended December 31, 2017.

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Profit Taking May Lead To Pullback On Wall Street

The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher.

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Harsco Slashes FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Harsco Corp. (HSC) slashed its earnings and adjusted outlook for the full-year 2019 and initiated guidance for the fourth quarter.

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Ryder System Lowers FY19 Earnings Outlook - Quick Facts

While reporting its financial results for the third quarter on Tuesday, Ryder System Inc. (R) lowered its earnings outlook for fiscal 2019.

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Vishay Intertechnology Guides Q4 Revenues In Line With View - Quick Facts

While reporting financial results for the third quarter on Tuesday, semiconductor maker Vishay Intertechnology, Inc. (VSH) provided revenue guidance for the fourth quarter, while it expects a continuation of the inventory reduction in the supply chain.

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Incyte Q3 Profit Surges; Raises FY19 Jakafi Revenue Outlook - Quick Facts

Incyte Corp. (INCY) on Tuesday reported that its net income for the third quarter surged to $128.27 million or $0.59 per share from $29.18 million or $0.14 per share in the prior-year quarter.

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Cummins Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Cummins Inc. (CMI) slashed its revenue growth and EBITDA guidance for the full-year 2019.

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MarineMax Q4 Earnings Misses Estimates

Recreational boat and yacht retailer MarineMax Inc. (HZO) Tuesday reported a sharp fall in fourth quarter profit to $6.685 million, from $11.54 million in the prior year. On a per share basis, earnings were down at $0.31, compared to $0.51 in the previous year.

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Martin Marietta Materials Boosts FY19 Revenue Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, building materials supplier Martin Marietta Materials, Inc. (MLM) raised its net income and total revenue guidance for the full-year 2019.

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ConocoPhillips Q3 Adj. Profit Beats View - Quick Facts

ConocoPhillips (COP) on Tuesday reported third-quarter 2019 earnings of $3.06 billion or $2.74 per share, up from $1.86 billion or $1.59 per share in the year-ago period.

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A.O. Smith Slashes FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, A.O. Smith Corp. (AOS) slashed its adjusted earnings outlook for the full-year 2019, reflecting a projected decline in China sales.

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Merck Raises 2019 Non-GAAP EPS Guidance Range - Quick Facts

Merck (MRK) narrowed and raised 2019 non-GAAP earnings per share guidance range to be between $5.12 and $5.17. Full-year revenue outlook range was narrowed and increased to be between $46.5 Billion and $47.0 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.92 on revenue of $45.98 billion. Analysts' estimates typically exclude special items.

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Waters Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Waters Corp. (WAT) slashed its adjusted earnings and constant currency sales growth outlook for the full-year 2019 and initiated guidance for the fourth quarter.

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Xerox Boosts FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Xerox Holdings Corp. (XRX) raised its earnings and adjusted earnings guidance for the full year 2019.

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Keep An Eye On AMKR, VRNS, HLIT.

What's moving these stocks?

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Ingersoll-Rand Maintains FY19 Adj Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Ingersoll-Rand plc (IR) maintained its earnings from continuing operations guidance for the full-year 2019.

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AZN's POSEIDON Has Poise, MRTX On The Move, MOR Drops Atopic Dermatitis Trial

Today's Daily Dose brings you news about Mirati's phase I/II trial results of MRTX849 in patients with solid tumors; MorphoSys' decision to discontinue the clinical development program of MOR106 in atopic dermatitis. Medpace's Q3 results; Orthofix Medical trimming its 2019 outlook and AstraZeneca's POSEIDON trial results, to name a few.

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Orange Group Q3 EBITDAaL Slightly Rises; Confirms 2019 Objectives - Quick Facts

Orange Group (ORAN) reported that its third quarter revenues were up 0.8 percent, while EBITDAaL improved 0.2 percent due to the Group's excellent performance in Africa & Middle East and the resilience of the Enterprise market. The Group recorded 209.4 million mobile customers, an increase of 4.2 percent, driven by Africa & Middle East. Orange now has 65.3 million 4G customers, 22 million of whom are in Africa & Middle East.

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Beiersdorf 9-month Group Sales Rise; Confirms FY19 Outlook - Quick Facts

Nivea maker Beiersdorf AG (BDRFY.PK, BDRFF.PK) reported Tuesday that its group sales for the nine-month period rose 6.0 percent in nominal terms to 5.73 billion euros from 5.40 billion euros in the prior-year period. Organic sales growth for the period was 4.3 percent.

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Monday, October 28, 2019

Fresenius Q3 Profit Rises; Affirms FY19 Outlook - Quick Facts

Fresenius SE (FSNUF.PK, FSNPF.PK) on Tuesday reported that its net income attributable to shareholders for the third quarter rose 6 percent to 444 million euros from 419 million euros in the year-ago period. Earnings per ordinary share increased to 0.80 euros from 0.75 euros in the prior-year quarter.

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Top 5 Losers In Healthcare Sector (AGRX, MRUS, BPMC.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Monday.

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Top 6 Gainers In Healthcare Sector Today (CRVS, CLVS, TGTX.)

The following are some of today's top gainers in the healthcare sector.

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T-Mobile US Q3 Profit Tops Estimates; Total Revenues Up 2%

T-Mobile US, Inc. (TMUS) reported third-quarter earnings per share of $1.01, up 9 percent from a year ago. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.96, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA rose 5 percent to $3.4 billion.

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Virgin Galactic wins space tourism race to float on stock market

Sir Richard Branson beat Elon Musk and Jeff Bezos by listing his venture in New York

Publicity-hungry billionaires must have a space venture, and here’s Sir Richard Branson’s: Virgin Galactic is now a stock market-listed company with a $2.4bn valuation. Actual space tourists won’t depart until next year, but Branson has beaten Elon Musk and Jeff Bezos in getting his business floated in New York.

Galactic, despite the whizzy-looking planes, is quite a simple financial bet. It’s a punt that multimillionaires can be persuaded in droves to part with $250,000 – the price of a ticket to ride from New Mexico to 50 miles above the Earth’s surface and back. Galactic is projecting revenues of $590m and top-line earnings of $270m in 2023, by which time it expects to have flown 3,242 passengers. Who are they all supposed to be?

Related: The Just Eat takeover battle is promising a delicious showdown

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Chinese demand drives billionaires' fight for luxury goods brands

LVMH bid for jeweller Tiffany is latest attempt to target China’s new wealthy generation

Two of Europe’s wealthiest families, and one from South Africa, are fighting it out for control of the world’s most-sought after luxury goods brands, and with them, the pounds, euros, dollars and yuan the richest 1% are spending on trying to make themselves look good.

The attempt by France’s richest person, Bernard Arnault, to snap up the US jeweller Tiffany for $14.5bn (£11bn) via his LVMH group is the latest in a wave of consolidations in the luxury goods industry that is tilting towards the “Fuerdai” – a new generation of wealthy Chinese consumers.

Related: Luxury goods group LVMH makes $14.5bn Tiffany & Co approach

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S&P 500 Poised To Reach New Record Intraday High

The major U.S. index futures are currently pointing to a higher opening on Monday, with the S&P 500 poised to reach a new record intraday high.

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AT&T Q3 Profit Tops Estimates; Announces 3-Year Guidance, Capital Allocation

AT&T Inc. (T) reported third-quarter adjusted earnings per share of $0.94 compared to $0.90, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.93, for the quarter. Analysts' estimates typically exclude special items. Third-quarter operating income was $7.9 billion compared to $7.3 billion, prior year. Adjusted operating income declined to $9.9 billion from $10.0 billion, and adjusted operating income margin was 22.2 percent compared to 21.9 percent.

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Walgreens Boots Alliance Guides FY20 - Quick Facts

While reporting financial results for the fourth quarter on Monday, Walgreens Boots Alliance, Inc. (WBA) initiated adjusted earnings guidance for the full-year 2020.

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DTE Energy Boosts FY19 Operating Earnings Outlook, Dividend - Quick Facts

While reporting financial results for the third quarter on Monday, DTE Energy (DTE) raised its operating earnings guidance for the full-year 2019 and also initiated operating earnings guidance outlook for the full-year 2020.

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Bank Of Hawaii Declares Qtly. Cash Dividend Of $0.67/share - Quick Facts

While reporting financial results for the third quarter on Monday, Bank of Hawaii Corp. (BOH) announced that the company's Board of Directors declared a quarterly cash dividend of $0.67 per share on the Company's outstanding shares, payable on December 13, 2019 to shareholders of record at the close of business on November 29, 2019.

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Loews Q3 Profit Drops - Quick Facts

Loews Corp. (L) on Monday reported third-quarter net income of $72 million or $0.24 per share, down from $278 million or $0.88 per share in the prior-year quarter.

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Enterprise Products Boosts Cash Distribution 2.3% - Quick Facts

While reporting financial results for the third quarter on Monday, Enterprise Products Partners L.P. (EPD) increased its cash distribution with respect to the third quarter of 2019 by 2.3 percent to $0.4425 per unit, payable on November 12, 2019 to unitholders of record as of the close of business on October 31, 2019.

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Luxury goods group LVMH in $14.5bn Tiffany takeover talks

French conglomerate has held preliminary discussions with US jeweller

The French luxury group LVMH has confirmed it has made a takeover approach for Tiffany & Co, reportedly valuing the famous US jeweller at $14.5bn.

LVMH said it had held preliminary discussions with Tiffany, known for its diamond engagement rings, after reports said it had made a $14.5bn bid.

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Sunday, October 27, 2019

HSBC Q3 Profit Down, Sees Charges In Q4; Warns On FY20 RoTE Target; Stock Dips

Shares of HSBC Holdings Plc were losing around 2 percent in Hong Kong trading after the Asia-focused lender reported Monday weak profit in its third quarter with charges and lower revenues, despite growth in Asia. The company said the outlook for revenue growth is softer than expected earlier. As a result, the company no longer expects to reach RoTE target of more than 11 percent in 2020.

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Biotech Stocks Facing FDA Decision In November 2019

As another month comes to an end, it's time to take a look back at some of the pharma news stories of October and look ahead at what's coming next over the horizon on the regulatory front.

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Saturday, October 26, 2019

Biotech IPO For The Week Ahead

The U.S. healthcare sector has witnessed 11 IPOs so far this month. Let's take a look at what's in store for the week ahead.

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Friday, October 25, 2019

Verizon Communications Q3 Profit Tops Estimates; Operating Revenues Up 0.9%

Verizon Communications Inc. (VZ) reported third-quarter adjusted earnings per share, excluding special items, of $1.25, compared to $1.22, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $1.24, for the quarter. Analysts' estimates typically exclude special items.

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Corporate Earnings News Remains In The Spotlight

The major U.S. index futures are currently pointing to a modestly lower opening on Friday following the mixed performance seen in the previous session.

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Healthcare Stocks On The Move (EW, NVO, BBI.)

The following are some of the healthcare stocks that touched new highs and new lows.

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Gibraltar Industries Q3 Results Beat View; Narrows FY19 Outlook - Quick Facts

Gibraltar Industries, Inc. (ROCK), a manufacturer and distributor of building products and services, reported a 25.6 percent increase in profit for the third quarter from last year.

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Thursday, October 24, 2019

ENI Q3 Profit Declines; Net Sales From Operations Down 15%

ENI SpA (E) reported that its third-quarter net profit attributable to shareholders declined by 66 percent to 523 million euros. Earnings per share was 0.15 euros compared to 0.42 euros. Adjusted operating profit was 2.16 billion euros, down by 35 percent from prior year. Adjusted net profit per share was 0.22 euros compared to 0.39 euros.

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Groupe Renault Q3 Revenues Down 1.6% - Quick Facts

Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L) reported third-quarter Group revenues of 11.30 billion euros, down 1.6 percent from prior year. At constant exchange rates and perimeter, Group revenues would have decreased by 1.4 percent. Automotive excluding AVTOVAZ revenues was 9.66 billion euros, down 3.9 percent.

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Today's Top 5 Gainers In Healthcare Sector (TROV, ALGN, RIGL...)

The following are some of today's top gainers in the healthcare sector.

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Kimco Realty Updates FY19 Outlook - Quick Facts

While reporting its financial results for the third quarter today, Kimco Realty Corp. (KIM, KIM-PG) updated its financial outlook for fiscal 2019.

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Roper Technologies Narrows FY19 Adj. EPS Outlook Range - Quick Facts

While reporting financial results for the third quarter on Thursday, Roper Technologies, Inc. (ROP) narrowed its adjusted earnings guidance range for the full-year 2019, and provided adjusted earnings outlook for the fourth quarter.

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Baxter International Q3 Worldwide Sales Up 3%; Launches Probe Of Misstatements

Baxter International Inc. (BAX) on Thursday announced certain preliminary operating results for the third quarter ended September 30, 2019.

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Hershey Reaffirms FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Hershey Co. (HSY) slashed adjusted earnings guidance for the full-year 2019, while raising annual net sales growth outlook to reflect the acquisition of ONE Brands.

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Twitter Q3 Profit Misses Estimates; Shares Plunge Nearly 20%

Twitter, Inc. (TWTR) reported third-quarter non-GAAP net income per share of $0.17 compared to $0.21, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.20, for the quarter. Analysts' estimates typically exclude special items. Adjusted net income per share was $0.05 compared to $0.14, prior year. Shares of Twitter, Inc. were down more than 20 percent in pre-market trade on Thursday.

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American Electric Power Q3 Adj. Profit Beats Estimates; Raises FY19 EPS Outlook

American Electric Power Co., Inc. (AEP) on Thursday reported that its net earnings for the third quarter were $733.5 million or $1.49 per share, up from $577.6 million or $1.17 per share in the year-ago period.

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Reliance Steel And Aluminum Q3 Profit Rises; Results Beat View - Quick Facts

Reliance Steel & Aluminum Co. (RS) on Thursday reported that its third-quarter net income rose to $162.7 million or $2.40 per share from $148.3 million or $2.03 per share in the prior year.

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LabCorp Narrows FY19 EPS Outlook Range - Quick Facts

While reporting financial results for the third quarter on Thursday, LabCorp (LH) narrowed its full-year 2019 guidance range for adjusted earnings and raised its annual revenue growth outlook.

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MSC Industrial Guides Q1 EPS Below View - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2019 on Thursday, MSC Industrial Supply Co. (MSM) provided earnings and sales outlook for the first quarter.

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Northrop Grumman Raises 2019 MTM-adj. EPS Guidance - Quick Facts

Northrop Grumman Corp. (NOC) increased the company's fiscal 2019 MTM-adjusted earnings per share guidance to a range of $20.10 to $20.35 from prior guidance range of $19.30 to $19.55. The company's sales guidance remains unchanged at $34 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $19.77 on revenue of $34.04 billion. Analysts' estimates typically exclude special items. For 2019, the company updated its free cash flow guidance to $2.7 billion to $3.0 billion.

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3M Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, 3M Co. (MMM) slashed its earnings and organic local-currency sales outlook for the full-year 2019, to reflect market trends and Acelity, Inc. acquisition. The company also provided outlook for the fourth quarter.

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Stanley Black & Decker Cuts FY19 Outlook, Announces New Cost Reduction Program

While reporting financial results for the third quarter on Thursday, Stanley Black & Decker (SWK) slashed its earnings outlook for the full-year 2019.

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Healthcare Stocks That Hit New Highs ( GSK,BIO,EPIX,...)

The following are the healthcare stocks that hit a new 52-week high on Wednesday.

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Daimler Q3 Results Rise, Confirms FY19 Forecast; Stock Up

Shares of Daimler AG were gaining around 6 percent in the morning trading after the German automaker reported Thursday higher profit in its third quarter with strong unit sales. Looking ahead for fiscal 2019, the company continues to project Group EBIT significantly below the previous year's level, while revenues will be slightly higher. Daimler continues to expect flat unit sales in 2019.

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KAZ Minerals Q3 Copper Production Rises - Quick Facts

Copper producer KAZ Minerals Plc (KAZ.L), formerly Kazakhmys PLC, reported that its copper production in the third quarter increased to 82.9 kt from 77.6 kt in the preceding second quarter. Copper production also rose from 77.2 kt in the year-ago period.

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Wednesday, October 23, 2019

RELX 9-month Underlying Revenue Up 4%; Affirms FY Outlook - Quick Facts

RELX Group (REL.L), a provider of information-based analytics and decision tools, reported underlying revenue growth of 4 percent in the first nine months of 2019, with some improvement in underlying metrics compared to the first half across all the four business areas.

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PUMA Q3 Operating Result Rises, Sales Up 17%; Slightly Adapts 2019 Guidance

PUMA (PMMAF.PK) reported that its third-quarter operating result (EBIT) increased by 24.8 percent to 162.2 million euros from 129.9 million euros, prior year, due to a strong sales growth combined with an improved gross profit margin and operating leverage. Net earnings increased by 29.7 percent to 100.5 million euros. Earnings per share was 0.67 euros compared to 0.52 euros.

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AstraZeneca Q3 Profit Declines; Raises FY Product Sales Growth Outlook

British drug major AstraZeneca (AZN.L, AZN) reported Thursday that its third-quarter profit before tax declined 14 percent to $409 million from last year's $477 million.

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Good Riddance To Bad Rubbish: Nat'l Prescription Drug Take-Back Day On Oct.26

The "18th National Prescription Drug Take-Back Day" will be held on October 26, 2019. This semi-annual event, sponsored by the U.S. Department of Justice and the Drug Enforcement Agency, aims to provide a safe, convenient, and responsible means of disposing of prescription drugs, while also educating the general public about the potential for abuse of medications.

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Equinor Slips To Loss In Q3 - Quick Facts

Norwegian energy company Equinor ASA (EQNR), formerly Statoil ASA, reported Thursday that its third-quarter IFRS net loss was $1.11 billion, compared to net income of $1.67 billion last year.

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Ceconomy Expects FY EBITDA, EBIT On Prior Year's Level - Quick Facts

Ceconomy AG (MTAGF.PK, MTTRY.PK) said for the past financial year 2018/19, it expects EBITDA and EBIT on prior year's level, both not taking into account the earnings contributions from the company's investment in Fnac Darty S.A. The company reported EBITDA of 630 million euros and EBIT of 399 million euros in the preceding year.

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FDA Approves Expanded Use Of GSK's Ovarian Cancer Drug Zejula

The FDA has approved GlaxoSmithKline plc's (GSK) ovarian cancer drug ZEJULA for an additional indication.

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Be Warned: FDA Recommends Tougher Labeling For Breast Implants

The FDA has recommended including a boxed warning in breast implant labeling as part of the regulatory agency's continued effort in protecting the health of women who are considering breast implants.

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PayPal Q3 Profit Tops Estimates, Revenue Up 19%; Shares Surge - Quick Facts

PayPal Holdings, Inc. (PYPL) reported that its third-quarter non-GAAP earnings per share increased 5 percent year-on-year to $0.61, which includes net unrealized loss of $0.15 per share from strategic investments. Excluding the impact of unrealized losses, non-GAAP earnings per share was $0.76, up 31 percent. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.52, for the quarter. Analysts' estimates typically exclude special items.

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Microsoft Corp. Q1 Profit Beats Estimates; Revenue Up 14% - Quick Facts

Microsoft Corp. (MSFT) reported first-quarter earnings per share of $1.38, an increase of 21 percent from a year ago. On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $1.24, for the quarter. Analysts' estimates typically exclude special items.

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Disappointing Earnings News May Weigh On Wall Street

The major U.S. index futures are pointing to a modestly lower opening on Wednesday, with stocks likely to extend the pullback seen late in the previous session.

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UniFirst Guides FY20 Below Analysts' Expectations - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, UniFirst Corp. (UNF) initiated earnings and revenue guidance for the full-year 2020, below analysts' expectations.

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Grainger Reiterates FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, W.W. Grainger, Inc. (GWW) reiterated its earnings and net sales growth outlook for the full-year 2019.

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Boeing Q3 Adj. Earnings Miss View, But Revenues Beat

Boeing Co. on Wednesday reported a 51 percent fall in profit for the third quarter from last year, reflecting lower deliveries of the Boeing 737 aircraft. Adjusted earnings per share for the quarter missed analysts' estimates, while revenues beat their expectations. The company also said it expects regulatory approval of the 737 MAX return to service will begin in the fourth quarter of 2019.

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Rogers Communications Slashes FY19 Revenue Growth Guidance - Quick Facts

While reporting financial results for the third quarter on Wednesday, Canadian technology and media company Rogers Communications Inc. (RCI, RCI.TO) slashed its revenue growth guidance for the full-year 2019, to reflect accelerated adoption of Rogers Infinite plans.

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Blackstone Q3 Distributable Earnings Down 8% - Quick Facts

Blackstone (BX) reported third-quarter fee related earnings of $440 million or $0.37 per share, up 27 percent year-over-year. Distributable Earnings was $710 million or $0.58 per share, down 8 percent from prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.53, for the quarter. Analysts' estimates typically exclude special items.

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Pentair Backs FY19 Earnings Guidance - Quick Facts

While reporting financial results for the third quarter on Wednesday, Pentair plc (PNR) maintained its earnings and adjusted earnings guidance for the full-year 2019, while trimming sales growth guidance. The company also initiated fourth-quarter outlook.

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Alkermes Raises FY19 Adj. Earnings Outlook; To Incur Q4 Charge - Quick Facts

While reporting its financial results for the third quarter on Wednesday, Alkermes Plc (ALKS) announced details of its restructuring plan and said it expects to incur a charge in the fourth quarter. In addition, the company raised its outlook for fiscal 2019 adjusted earnings.

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General Dynamics Q3 Profit Beats Estimates; Revenue Up 7.3% - Quick Facts

General Dynamics (GD) reported third-quarter earnings per share from continuing operations of $3.14, up 25 cents from the year-ago quarter. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $3.06, for the quarter. Analysts' estimates typically exclude special items. Operating earnings was $1.2 billion, up 7.1 percent from prior year.

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Teledyne Technologies Raises FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Teledyne Technologies Inc. (TDY) raised its earnings guidance for fiscal 2019 to a range of $10.37 to $10.42 per share from the prior forecast range of $9.86 to $9.96 per share.

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Avery Dennison Trims FY19 Earnings Outlook - Quick Facts

While reporting preliminary, unaudited financial results for the third quarter on Wednesday, Avery Dennison Corp. (AVY) trimmed the top-end of its earnings and adjusted earnings guidance range for the full year 2019.

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Caterpillar Cuts Full-year Earnings Forecast - Quick Facts

Caterpillar Inc. (CAT) lowered its full-year profit per share outlook range to $10.90 to $11.40, compared to the previous outlook which was at the low end of the $12.06 to $13.06 range. The revised guidance now assumes modestly lower sales in 2019. Analysts polled by Thomson Reuters expect the company to report profit per share of $11.70. Analysts' estimates typically exclude special items.

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Boston Scientific Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Boston Scientific Corp. (BSX) raised its adjusted earnings and revenue growth guidance for the full-year 2019 and also provided outlook for the fourth quarter.

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Eli Lilly Boosts FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Eli Lilly and Co. (LLY) raised its earnings and adjusted earnings guidance for the full year 2019, while maintaining its revenue outlook.

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Healthcare Stocks That Hit New Highs ( BNTX, INMD, BMY,...)

The following are the healthcare stocks that hit a new 52-week high on Tuesday.

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Anthem Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Anthem Inc. (ANTM) raised its earnings, adjusted earnings and operating revenue guidance for the full-year 2019.

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Thermo Fisher Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Thermo Fisher Scientific Inc. (TMO) raised its adjusted earnings and revenue guidance for the full year 2019 to reflect stronger operational performance and the benefits of refinancing activities, partially offset by a more adverse foreign exchange environment.

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Phathom Pharma To Make Stock Market Debut On Oct.25

Phathom Pharmaceuticals Inc., a late clinical-stage biopharmaceutical company developing treatments for gastrointestinal diseases, is all set to list its common stock on the Nasdaq Global Market under the symbol "PHAT" on October 25, 2019.

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Filtronic FY Pre-tax Profit Falls, Revenue Down 26% - Quick Facts

Filtronic plc (FTC.L), a manufacturer of antennas, filters and mmWave products, reported a pretax profit of 0.14 million pounds for the year ended 31 May 2019, down from a restated 2.65 million pounds in the prior year. Basic loss per share was 0.63 pence, compared to profit of 0.59 pence a year ago.

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Tuesday, October 22, 2019

Hochschild Mining Q3 Total Group Production Rises; Backs FY Production View

Hochschild Mining PLC (HOC.L) reported Wednesday that its third-quarter total group production was 146.61 thousand gold equivalent ounces, or 11.88 million silver equivalent ounces, compared to last year's 145.73 thousand gold equivalent ounces or 11.80 million silver equivalent ounces, respectively.

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Heineken 9-month Profit, Beer Volume Rise - Quick Facts

Dutch brewer Heineken N.V. (HKHHF.PK) reported Wednesday that its net profit for the nine months of 2019 was 1.667 billion euros, up from a restated 1.596 billion euros in the prior-year period.

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The Just Eat takeover battle is promising a delicious showdown

With two big rival offers on the plate the food delivery giant can afford to sit back and await another helping

It’s still feels slightly odd that Just Eat, which only recently seemed to be a smartphone app plus a few blokes on mopeds, is a FTSE 100 company. But it’s time to acknowledge modern munching habits. Just Eat is now the target of two takeover bids, the latest being £4.9bn in hard cash. That definitely makes it a grown-up business.

The gatecrashing bidder is Prosus, the Amsterdam-listed offshoot of South African giant Naspers, and it must start as a favourite to prevail. A cash bid normally beats an all-share offer, which is all that is being pitched by Takeaway.com, also out of the Netherlands. As the saying doesn’t quite go, a pizza in the hand is worth two in the oven.

Related: WeWork boss to walk away with $1.7bn after SoftBank rescue deal

Continue reading...

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Mixed Earnings News May Lead To Choppy Trading

The major U.S. index futures are pointing to a mixed opening on Tuesday as traders react to the latest batch of earnings news.

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First BanCorp Q3 Profit Rises, Beats View - Quick Facts

First BanCorp. (FBP), the bank holding company for FirstBank Puerto Rico, on Tuesday reported net income for the third quarter of $45.7 million or $0.21 per share, up from $35.7 million or $0.16 per share in the year-ago period.

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Zynex: No Pain, All Gain...

Shares of Zynex Inc. (ZYXI) which touched an all-time intraday high of $13.10 on October 7, 2019, a gain of a whopping 345 percent year-to-date, have given back some of the gains and trade around $10.

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Hasbro Q3 Profit Declines, Results Miss View - Quick Facts

Toy and board game company Hasbro, Inc. (HAS) reported Tuesday net earnings for the third quarter of $212.9 million or $1.67 per share, down from $263.9 million or $2.06 per share in the year-ago period.

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Webster Q3 Profit Declines

Webster Financial Corp. (WBS) Tuesday reported a decline in third quarter net income to $93.87 million from $99.67 million a year ago. On a per share basis, earnings were $1.00, lower than $1.06 a year ago.

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Lockheed Martin Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2019, and initiated net sales outlook for the full-year 2020.

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Kimberly-Clark Raises FY19 Adj. EPS, Organic Sales Growth Outlook

While reporting its financial results for the third quarter today, Kimberly-Clark Corp. (KMB) raised its outlook for fiscal 2019 adjusted earnings per share and organic sales growth.

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Travelers Cos. Declares Qtly. Dividend Of $0.82 Per Share - Quick Facts

Travelers Companies, Inc. (TRV) announced Tuesday that the Board of Directors declared a quarterly dividend of $0.82 per share, payable on December 31, 2019, to shareholders of record at the close of business on December 10, 2019.

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Biogen Q3 Profit Tops Estimates; Revenue Up 5% - Quick Facts

Biogen Inc. (BIIB) said it delivered solid performance in the third quarter driven by continued resilience from its MS core business and growth from SPINRAZA and biosimilars. Non-GAAP earnings per share increased 24 percent from previous year. SPINRAZA revenues grew 17 percent from prior year.

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United Technologies Raises FY19 Adj. EPS Outlook - Quick Facts

While reporting its financial results for the third quarter on Tuesday, United Technologies Corp. (UTX) raised its outlook for fiscal 2019 adjusted earnings to a range of $8.05 to $8.15 per share from the prior range of $7.90 to $8.05 per share.

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Harley-Davidson Affirms Full-year 2019 Motorcycle Shipments Outlook

While reporting its financial results for the third quarter, Harley-Davidson, Inc. (HOG) said its worldwide total retail motorcycle sales in the quarter declined 1.2 percent to 58,522 units from 59,226 units in the year-ago period. Motorcycle shipments in the quarter decreased 5.8 percent to 45,837 units from 48,639 units last year.

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Healthcare Stocks That Hit New Highs (SGEN, RCEL, REPH,...)

The following are the healthcare stocks that hit a new 52-week high on Monday.

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Quest Diagnostics Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Quest Diagnostics Inc. (DGX) raised its earnings and adjusted earnings guidance for the full-year 2019.

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Polaris Industries Raises FY19 EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Polaris Industries Inc. (PII) raised the lower end of its earnings guidance range for fiscal 2019, based on its year-to-date performance.

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Just Eat in £4.9m takeover battle as Prosus makes rival offer

Bid rejected as online food delivery firm presses ahead with merger with Takeaway.com

A £4.9bn takeover battle has broken out for the food delivery group Just Eat as the investment group Prosus launched an all-cash offer in an attempt to break up Just Eat’s merger with its Dutch rival Takeaway.com.

Prosus, which is part of South Africa’s Naspers, a large tech investing group, has held talks with Just Eat but has yet to reach an agreement on terms, so said it had decided to go direct to the shareholders.

Continue reading...

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UBS Q3 Profit Declines, Sees Positive Momentum; Stock Up

Swiss banking giant UBS Group AG reported lower profit in its third quarter mainly with weak profit in Investment Bank segment and lower net interest income. Looking ahead, the bank noted that geopolitical tensions and trade disputes continue to impact investor confidence. However, positive momentum toward resolving issues would likely improve confidence and the economic outlook.

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Odonate On The Move With CONTESSA, FDA Snubs CLSD, It's A Yes For AZN, VRTX

Today's Daily Dose brings you news about Seattle Genetics' pivotal breast cancer trial results; early FDA approval of Vertex Pharma's cystic fibrosis drug; Clearside Biomedical confirming the rejection of XIPERE; double whammy of Aradigm; HealthStream's third-quarter financial results; an update on Odonate Therapeutics' phase III breast cancer trial.

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Monday, October 21, 2019

Anglo American Q3 Production Up 4% On Copper Equivalent Basis - Quick Facts

Anglo American plc (AAUKY.PK, AAL.L) Tuesday reported a 4 percent increase in total production on a copper equivalent basis for the third quarter of 2019 compared to the year-ago period, reflecting the continued successful ramp-up at Minas-Rio and strong performance at Metallurgical Coal.

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Bunzl Plc Q3 Revenue Up 4%; FY19 Outlook Remains Unchanged

Distribution and outsourcing Group Bunzl plc (BZLFY.PK, BNZL.L) said that the Group's expectations for the year ending 31 December 2019 remain unchanged, with overall trading consistent with the slowing underlying revenue growth indicated earlier this year.

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Novartis Q3 Profit Rises, Beats View; Raises FY19 Outlook - Quick Facts

Swiss drug major Novartis AG (NVS) on Tuesday reported that its net income for the third quarter grew 26 percent to $2.04 billion from $1.62 billion in the year-ago period. On a per share basis, earnings rose 29 percent to $0.90 from $0.70 in the prior-year period.

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Top 5 Losers In Healthcare Sector (BNGO, ASRT, EYEG.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Monday.

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Today's Top 6 Gainers In Healthcare Sector (CNST, APRE, PETS.)

The following are some of today's top gainers in the healthcare sector.

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Optimism About Trade Deal, Earnings May Generate Buying Interest

The major U.S. index futures are currently pointing to a higher opening on Monday following the mixed performance seen last week.

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Lennox International Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Monday, Lennox International Inc. (LII) slashed its earnings and revenue growth outlook for the full-year 2019.

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Saturday, October 19, 2019

Healthcare IPOs For The Week Ahead

The following companies belonging to the healthcare sector are slated to debut on the U.S. public market in the week ahead.

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Friday, October 18, 2019

Pride Of Florida Recalls Raw Beef Products For Possible E.coli Contamination

Pride of Florida is recalling roughly 64,797 pounds of raw beef products due to possible E.coli O157:H7 contamination, according to the U.S. Department of Agriculture's Food Safety and Inspection Service.

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Ready-To-Eat Pork And Turkey Products Recalled Over Salmonella Concerns

George's Prepared Foods, a producer of fully cooked burgers and sausage patties, is recalling about 6,444 pounds of ready-to-eat pork sausage patty and turkey sausage patty products due to possible Salmonella contamination, the Food Safety and Inspection Service said.

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Futures Pointing To Slightly Higher Open On Wall Street

The major U.S. index futures are currently pointing to a slightly higher opening on Friday, with stocks likely to add to the modest gains posted in the previous session.

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ManpowerGroup Q3 Profit Declines - Quick Facts

ManpowerGroup (MAN) Inc. on Friday reported third-quarter net earnings of $146.1 million or $2.42 per share, down from $158.0 million or $2.43 per share in the prior year period.

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American Express Reaffirms FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Friday, American Express Co. (AXP) reaffirmed its earnings and revenue growth guidance for the full-year 2019. The company also provided revenue growth outlook for the fourth quarter.

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Coca-Cola Q3 Profit Matches Estimates, Organic Revenues Up 5%; Updates Guidance

The Coca-Cola Company (KO) reported that its third-quarter comparable earnings per share declined 2 percent year-on-year to $0.56. Comparable EPS performance included the impact from a 6-point currency headwind. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56, for the quarter. Analysts' estimates typically exclude special items.

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Sensient Technologies Slashes FY19 EPS Guidance - Quick Facts

While reporting financial results for the third quarter on Friday, Sensient Technologies Corp. (SXT), a maker of colors, flavors and fragrances, lowered its guidance for earnings for the full year 2019, based on the results of the first nine months of the year, current market conditions and segment growth expectations for the remaining quarter.

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LSEG Q3 Total Income Rises 12%; CFO David Warren To Retire By 2020-end

London Stock Exchange Group plc (LSE.L) reported that the Group continues to perform well and has delivered a strong Third-quarter performance. LCH's OTC clearing services saw continued strong volumes during the period in both member and client clearing. In Information Services, FTSE Russell reported 10 percent growth as subscription revenues remained strong. Capital Markets also produced a good overall performance.

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Thursday, October 17, 2019

Today's Top 5 Gainers In Healthcare Sector (HEPA, ENDP, CLVS...)

The following are some of today's top gainers in the healthcare sector.

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Generic Drugs Approval In US Reach Record High In 2019

The U.S. Food and Drug Administration approved an all-time record total of 1,171 generic drugs in fiscal 2019, breaking its previous record of 971 approvals in fiscal 2018. This year's approvals include 935 full approvals and 236 tentative approvals. A generic drug is a pharmaceutical drug that contains the same chemical substance and performs the same functions as a branded drug.

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Brexit Deal May Generate Early Buying Interest

The major U.S. index futures are pointing to a pointing to a higher opening on Thursday, with stocks likely to move back to the upside after ending the previous session modestly lower.

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Pool Boosts FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter, swimming pool distributor Pool Corp. (POOL) on Thursday raised its earnings guidance for the full-year 2019, based on the results to date and expectations for the remainder of the year

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Morgan Stanley Q3 Results Top Estimates

Morgan Stanley (MS) reported Thursday a profit for the third-quarter that increased 2 percent from last year, reflecting higher fixed income revenues. Quarterly revenues also rose 2 percent. Both earnings per share and revenues topped analysts' expectations.

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Sonoco Products Cuts FY19 Earnings Outlook - Quick Facts

While reporting financial results for the third quarter, packaging company Sonoco Products Co. (SON) on Thursday lowered its earnings guidance range for the full-year 2019 and provide earnings outlook for the fourth quarter.

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Carl Zeiss Meditec - In Good Health...

Shares of Carl Zeiss Meditec AG (AFX.F) are up 52 percent year-to-date on the Frankfurt Stock Exchange while the German benchmark index, the DAX, has gained 20 percent for the same period.

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Textron Narrows FY19 Earnings Outlook Range - Quick Facts

While reporting financial results for the third quarter, Textron Inc. (TXT) on Thursday narrowed its earnings guidance range for the full-year 2019.

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Honeywell Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter, technology company Honeywell international Inc. (HON) on Thursday raised its adjusted earnings guidance for the full-year 2019, while narrowing the annual sales outlook range.

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Ericsson Posts Loss In Q3, Lifts FY20 Sales View, FY22 Margin View; Stock Up

Shares of Ericsson were gaining around 8 percent in the morning trading in Sweden after the telecom equipment maker lifted its fiscal 2020 sales outlook driven by a stronger 5G market, despite reporting a loss in its third quarter. Börje Ekholm, President and CEO of Ericsson, said, "The largest market for 5G infrastructure will be China where deployments are expected to start near term."

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Healthcare Stocks That Hit New Highs(MLSS, MDCO, CBPO...)

The following are the healthcare stocks that hit a new 52-week high on Wednesday.

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Nestlé 9-month Organic Sales Up 3.7%; Confirms FY Guidance - Quick Facts

Nestlé (NSRGY.PK, NSTR.L) reported an organic growth of 3.7 percent in sales for the nine months of fiscal 2019, with real internal growth (RIG) of 3.0 percent and pricing of 0.7 percent. The company said the organic growth was supported by strong momentum in the United States and Purina PetCare. Looking forward, Nestlé affirmed its fiscal 2019 outlook.

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Wednesday, October 16, 2019

This Day That Year: SI-BONE

Shares of SI-BONE Inc. (SIBN) are down nearly 32 percent from a high of $23.03 recorded on January 16, 2019, and trade around $15.

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Top 5 Losers In Healthcare Sector (TMDI, ABEO, ZEAL...)

The following are some of the healthcare stocks that posted the biggest percentage decline on Wednesday.

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Today's Top 5 Gainers In Healthcare Sector (ACHN, VIVE, DMTK.)

The following are some of today's top gainers in the healthcare sector.

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Unexpected Drop In Retail Sales May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to give back ground following the rally seen in the previous session.

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Bank Of America Q3 Profit Beats Estimates; Stock Rises

Bank of America Corp. (BAC) reported net income of $5.8 billion, or $0.56 per share, for the third quarter of fiscal 2019. The company's third-quarter results included Merchant Services Joint Venture impairment Charge of $2.1 billion or $0.19 per share. Excluding the impairment charge, net income was $7.5 billion, or $0.75 per share, for the third quarter of fiscal 2019. In the prior year quarter, net income was $7.2 billion or $0.66 per share.

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Amazon's deal with Deliveroo examined by competition watchdog

CMA will decide if investment seriously lessens competition in UK food delivery market

British regulators have launched an inquiry into whether a large investment by Amazon into the online takeaway delivery company Deliveroo breached competition rules.

The Competition and Markets Authority (CMA) said it had begun the first phase of an investigation, after the US technology firm revealed that it was the lead investor in a $575m (£452m) funding round in Deliveroo.

Continue reading...

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Commerce Bancshares Q3 Earnings Top Estimates - Quick Facts

Commerce Bancshares, Inc. (CBSH) reported earnings of $0.98 per share for the third quarter, flat with last year. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share for the quarter. Analysts' estimates typically exclude special items.

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Lilly Says Phase 3 SEQUOIA Study Did Not Meet Primary Endpoint - Quick Facts

Eli Lilly and Co. (LLY) announced Wednesday that top-line results from its Phase 3 SEQUOIA trial evaluating pegilodecakin plus FOLFOX (folinic acid, 5-FU, oxaliplatin) compared to FOLFOX alone in patients with metastatic pancreatic cancer whose disease had progressed during or following a first-line gemcitabine-containing regimen. The SEQUOIA trial did not meet its primary endpoint of overall survival.

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Healthcare Stocks That Hit New Highs(RETA, KOD, NTRA.)

The following are the healthcare stocks that hit a new 52-week high on Tuesday.

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Hays Travel owners offer jobs to 2,000 ex-Thomas Cook staff

John and Irene Hays have also reopened 186 of collapsed tour operator’s 555 high street shops

The husband and wife team who bought Thomas Cook’s network of high street travel agencies out of liquidation say they have offered nearly 2,000 of the company’s former staff a job and reopened 186 of its shops.

John and Irene Hays, who run the Sunderland-based Hays Travel, bought the collapsed tour operator’s 555 shops in a surprise deal this month that promises to rescue up to 2,500 jobs.

Continue reading...

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Tuesday, October 15, 2019

Today's Top 5 Losers In Healthcare Sector (KOOL, TRVI, OPGN.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Tuesday.

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5 Top Gainers In Healthcare Sector (RETA, ABEO, CNST...)

The following are some of today's top gainers in the healthcare sector.

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Upbeat Earnings News May Generate Early Buying Interest

The major U.S. index futures are pointing to a higher opening on Tuesday as the spotlight shifts to some upbeat corporate earnings news.

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Prologis Raises FY19 Outlook - Quick Facts

While reporting its financial results for the third quarter on Tuesday, Prologis Inc. (PLD) raised its fiscal 2019 outlook for earnings as well as core funds from operations.

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Goldman Sachs Q3 Profit Declines, Miss Estimates - Quick Facts

The Goldman Sachs Group, Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the third quarter decreased to $1.79 billion or $4.79 per share from $2.45 billion or $6.28 per share in the year-ago quarter.

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Johnson & Johnson Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter, Johnson & Johnson (JNJ) on Tuesday raised its earnings and sales forecast for the full year 2019.

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UnitedHealth Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter, diversified health care company UnitedHealth Group (UNH) on Tuesday increased its earnings outlook for the full-year 2019, based on strong third quarter 2019 results and its positive view for the rest of the year.

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Healthcare Stocks That Plunged To New Lows(KLDO,COCP,ASRT...)

The following are the healthcare stocks that hit a new 52-week low on Monday.

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Melinta Therapeutics Nearing D-Day...

Melinta Therapeutics Inc. (MLNT), which has gained 59 percent over the last two months, awaits a regulatory catalyst next week.

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Monday, October 14, 2019

RETA Surges On Trial Data, RVNC On Track, All Eyes On RLMD Today

Today's Daily Dose brings you news about the delay in FDA decision of Flexion's supplemental New Drug Application for ZILRETTA; launch of NOURIANZ, an adjunctive treatment to levodopa/carbidopa in adult patients with Parkinson's disease experiencing "off" episodes, in the U.S.; Reata Pharma's Friedreich's Ataxia trial data; and upcoming clinical trial catalyst of Relmada Therapeutics.

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5 Top Gainers In Healthcare Sector (ONCT, DMAC, INMD.)

The following are some of today's top gainers in the healthcare sector.

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CBI is wrong to see cost as big issue in Labour's nationalisation plans | Nils Pratley

Details such as fair purchase prices and effect on foreign investment are what really need explaining

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest.

The CBI skips over the fact that the companies on Labour’s list generate profits and cash. Viewed through a pure mergers and acquisitions lens, one could even regard a £200bn takeover as cashflow-enhancing for the state since the CBI itself puts the additional interest costs at £2bn, a sum that might be covered comfortably by the newly acquired companies. Severn Trent and United Utilities made post-tax profits between them of almost £700m last year, and they are only two of 10 major water companies.

Continue reading...

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FDA Approves Reyvow Tablets To Treat Migraine

The U.S. Food and Drug Administration or FDA approved Reyvow (lasmiditan) tablets of Eli Lilly and Co. as an oral medication for the acute treatment of migraine, with or without aura, in adults. However, Reyvow is not indicated for prevention of migraine. Reyvow is a new oral treatment that binds to 5-HT1F receptors with high affinity.

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Uncertainty About Trade Deal May Lead To Pullback On Wall Street

The major U.S. index futures are currently pointing to a lower opening on Monday, with stocks likely to give back ground following the rally seen over the three previous sessions.

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An Up-Close Look At Biofrontera...

Shares of Biofrontera AG (B8F.F) (BFRA) are currently down 5.61% on the Frankfurt Stock Exchange, trading at EUR 5.05.

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Saturday, October 12, 2019

Biotech IPO For The Week Ahead

Marseille, France-based Innate Pharma S.A., is a biotechnology company developing therapeutic antibodies for the treatment of oncology indications with unmet medical need.

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Friday, October 11, 2019

Growing Optimism About Trade Talks May Help Extend Rally

The major U.S. index futures are currently pointing to a higher opening on Friday, with stocks likely to extend the rally seen over the two previous sessions.

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MITO Empowered, FPRX Cuts Another 70 Jobs, Second Death In Legionnaires Outbreak

Today's Daily Dose brings you news about Stealth BioTherapeutics' agreement with Alexion; Aclaris' divestiture of RHOFADE cream 1%; Aerpio Pharma's interim results from phase 1b trial of AKB-9778; workforce reduction in Five Prime, and the latest update on NC Mountain State Fair Legionnaires disease outbreak.

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Healthcare Stocks That Plunged To New Lows(CTXR,AUPH,AAC...)

The healthcare stocks that hit a new 52-week low on Thursday.

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Thursday, October 10, 2019

5 Top Losers In Healthcare Sector (AKTX, COCP, AUPH.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Thursday.

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5 Top Gainers In Healthcare Sector (RARX, ONCS, MREO.)

The following are some of today's top gainers in the healthcare sector.

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Uncertainty About Trade Talks May Lead To Choppy Trading

The major U.S. index futures are pointing to a pointing to a modestly lower opening on Thursday, although stocks may show a lack of direction following the rally in the previous session.

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Healthcare Stocks That Plunged To New Lows(AEZS,SRNE,TROV...)

Healthcare stocks that hit a new 52-week low on Wednesday.

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RARX Gets Acquired, Clinuvel Jumps On FDA Approval, Lycopene & Sperm Quality

Today's Daily Dose brings you news about the acquisition of Ra Pharmaceuticals by UCB; the FDA approval of Clinuvel Pharma's SCENESSE for the treatment of erythropoietic protoporphyria in adults; and an interesting finding about a compound found in cooked tomatoes and sperm quality.

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Wednesday, October 9, 2019

Top 5 Losers In Healthcare Sector (NXTC, SNDX, COCP.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Wednesday.

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5 Top Gainers In Healthcare Sector (OCGN, CATB, SOLY.)

The following are some of today's top gainers in the healthcare sector.

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FDA Okays Treatment For Increasing Pain-free Light Exposure

The U.S. Food and Drug Administration has approved Clinuvel Pharmaceuticals' treatment Scenesse for a rare genetic disorder that induces skin damage from exposure to light. The FDA said it approved the use of Scenesse (afamelanotide) to treat erythropoietic protoporphyria or EPP, a rare genetic disorder characterized by an extreme risk of severe burns or phototoxicity of the skin.

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Traders Intensely Focused On U.S.-China Trade Talks

The major U.S. index futures are pointing to a higher opening on Wednesday following the sharp pullback seen late in the previous session.

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Catalysts Galore For 4SC AG

Shares of Germany-based 4SC AG (VSE), which trade on the Frankfurt Stock Exchange, have gained 7 percent over the last seven trading days.

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Medtronic Recalls 6 French Sherpa NX Active Guide Catheters

Medical device company Medtronic, on Tuesday, recalled all models of its 6 French Sherpa NX active guide catheters due to separation and fragmentation issues.

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Tuesday, October 8, 2019

Waning Optimism About Trade Talks May Generate Selling Pressure

The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to see further downside after ending Monday's choppy trading session modestly lower.

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Monday, October 7, 2019

Top 5 Losers In Healthcare Sector (SRNE, NGM, CAPR.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Monday.

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Today's Top 5 Gainers In Healthcare Sector (AKCA, PFNX, LVGO.)

The following are some of today's top gainers in the pharma/biotech sector.

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Uncertainty About Trade Talks May Weigh On Wall Street

The major U.S. index futures are currently pointing to a lower opening on Monday, with stocks likely to give back ground following the rally seen last Friday.

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5 Healthcare Stocks Facing Key Catalysts In Q4, 2019

A drug company's clinical trial data can send its stock skyrocketing or plunging depending on the outcome.

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Saturday, October 5, 2019

Biotech IPO For The Week Ahead

We are just one week into the fourth quarter of the year. The week that just wrapped up saw 3 biotech companies making their public debut, and one company, ADC Therapeutics, withdrawing its IPO filing, citing adverse market conditions.

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Friday, October 4, 2019

FDA Approves Descovy, Second Drug To Prevent HIV Infection

The U.S. Food and Drug Administration approved Gilead Sciences' drug Descovy to reduce the risk of sexually acquired HIV infection in adults and adolescents who do not have HIV, but are exposed to risk. This is the second drug to be approved by the FDA to prevent HIV infection as part of its efforts to end the epidemic. However, Descovy yet indicated for certain groups, including use by women.

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Futures Turn Positive Following Monthly Jobs Report

The major U.S. index futures are currently pointing to a modestly higher opening on Friday, with the futures turning positive following the release of the Labor Department's closely watched monthly jobs report.

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New Drugs Approved In September

New drugs approved in September

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Will Second Time Prove A Charm For Evofem?

Shares of Evofem Biosciences Inc. (EVFM) are up 22 percent year-to-date while the iShares Nasdaq Biotechnology ETF (IBB), a bellwether of investor sentiment, has gained only 2.5 percent for the same period.

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Thursday, October 3, 2019

Constellation Brands Slips To Loss In Q2 On Canopy Growth Investment Loss

Brewer Constellation Brands Inc. on Thursday slipped to a loss in the second quarter, reflecting losses from its investment in Canadian cannabis company Canopy Growth Corp. the company's shares lost 6 percent in the regular trading session.

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Looming Jobs Report May Lead To Choppy Trading On Wall Street

The major U.S. index futures are pointing to a pointing to a roughly flat opening on Thursday following the sharp drop seen over the two previous sessions.

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PepsiCo Q3 Results Top Estimates, Reaffirms FY19 Outlook

Snack and beverage giant PepsiCo Inc. on Thursday reported a 16 percent decline in net income for the third quarter, reflecting higher income tax provisions, despite revenue growth. However, both adjusted earnings per share and net revenues for the quarter beat analysts' estimates. The company also reaffirmed its earnings and organic revenue growth outlook for the full-year 2019.

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Healthcare Stocks That Plunged To New Lows (SVRA, ONCY, MTFB.)

These are some of the healthcare stocks that hit new lows on Wednesday.

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Wednesday, October 2, 2019

'Ken the Unknown' not the obvious choice as Tesco chief executive

It’s a surprise that supermarket group did not recruit internally after Dave Lewis jumped

If you want to wind up Dave Lewis, point to Tesco’s share price. It was 230p when he arrived in September 2014 and, after five years of effort that have prompted the chief executive to want to “recharge my batteries”, it has reached only 240p. All that struggle to go sideways?

Lewis resents the share price comparison as much as he dislikes his “Drastic Dave” label and, actually, he has a point. The full horror of Tesco’s accounting scandal hadn’t emerged when he walked into Tesco HQ, so, as he suggests, 170p, seen a few weeks later, is probably a fairer starting point. In lean times in supermarket-land, Tesco investors have done OK. Lewis hit all his cost-saving and cash-generation targets, which is what he was paid to do.

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Disappointing Jobs Data May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to see further downside following the sharp pullback seen over the course of the previous session.

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RPM International Reaffirms FY20 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Wednesday, RPM International Inc. (RPM) reaffirmed its adjusted earnings and sales growth outlook for the full-year 2020 and provided financial guidance for the second quarter.

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Tuesday, October 1, 2019

Today's Top 5 Losers In Healthcare Sector (NERV, NLNK, CYCN.)

The following are some of the healthcare stocks that posted the biggest percentage decline on Tuesday.

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John Lewis: never knowingly understaffed?

Retail partnership’s cull of 1 in 3 top managers seems risky but there could be some easy wins

If the big re-organisation of the John Lewis Partnership falls flat, who would incoming chair, Sharon White, fire?

Well, it won’t be the chief executive since the partnership doesn’t employ anybody with that title. But nor, from next year, will there be managing directors – one for the department stores and one for Waitrose. Instead, White will chair an executive team comprising seven directors with responsibilities across both halves of the business.

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Healthcare Stocks On The Move: VIVE, CNST, CFMS

Shares of Viveve Medical Inc. (VIVE), a medical technology company focused on women's intimate health, are currently up over 16%, following the completion of the Company's at-the-market offering of $6.76 million of shares of its common stock with Ladenburg Thalmann & Co. Inc. as the sales agent.

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Optimism About Trade Talks May Generate Buying Interest

The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to add to the gains posted in the previous session.

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Catabasis Pharma's Phase 3 DMD Trial Exceeds Target Enrollment; Stock Up 5%

Shares of Catabasis Pharmaceuticals Inc. (CATB) are up over 5% in premarket trading on Tuesday, following the completion of enrollment in the Company's phase III trial of Edasalonexent in Duchenne muscular dystrophy.

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