Shares of Nash-Finch Company (NASDAQ: NAFC) soared on Monday after the regional grocery distributor Spartan Stores Inc. (NASDAQ: SPTN) announced that it has agreed to buy the food distributor company in an all-stock deal, estimated at around $1.3 billion, including debt.
Continue reading Spartan Stores to Acquire Nash-Finch (NAFC, SPTN)
Diversified technology solutions provider, General Electric Company (NYSE: GE) said on Friday that fiscal second quarter profit rose 0.9% as it booked lower costs and expenses. Continue reading GE Shares Gain as Q2 Net Income Edges Up 0.9% (GE)
Shares of General Electric Company (NYSE: GE) climbed about 4.60% by afternoon trade. The diversified technology solutions provider’s revenue and non-GAAP earnings slipped in the fiscal second quarter from the year earlier period; however, adjusted earnings beat Wall Street’s expectation. Continue reading Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR
Home appliances maker, Whirlpool Corporation (NYSE: WHR) reported on Friday that its fiscal second-quarter net income rose 75 percent as demand for its products improved significantly across all regions even as gross margin improved.
Capital One Finance Corp. (NYSE: COF) reported sharp jump in net income for its fiscal second-quarter as interest income from credit card business grew sharply amid significantly improving U.S. macroeconomic environment. Continue reading Capital One Finance Beats Q2 Estimates, Shares Gain in Afterhours (COF)
Shares of Plexus Corp. (NASDAQ: PLXS) rallied 7.77% by afternoon trade. The contract electronic manufacturer, late last evening, handed better-than-expected revenue for the fiscal third quarter, aided by strong performance of its healthcare business. The company also provided upbeat revenue outlook for the current quarter.
Continue reading Major Movers on July 18; PLXS, SCSS, XLNX, EBAY, UNH
Diversified healthcare services provider, UnitedHealth Group Inc. (NYSE: UNH) reported on Thursday that its fiscal second-quarter net income rose 7.4%, aided by higher membership which helped driving up the top line growth.
Continue reading UnitedHealth Group Tops Q2 Earnings Estimate (UNH)
International Business Machines Corp. (NYSE: IBM) reported late on Wednesday that its fiscal second-quarter net income fell 17% as restructuring expenses (charges related to job cuts) and softness in hardware and software sales put pressure on the bottom line.
Continue reading IBM Lifts FY Earnings Guidance, Shares Gain (IBM)
Shares of Mattel Inc. (NASDAQ: MAT) plunged about 7.20% by afternoon trade. The toymakers said that net income fell 24% for the fiscal second quarter. The bottom line felt the pressure due to flagging sales of Barbie line of products and a write-down of $14 million, linked to Polly Pocket line of products.
Continue reading Major Movers on July 17; MAT, YHOO, URI, STJ, ZAGG
Cardiovascular medical devices maker, St. Jude Medical Inc. (NYSE: STJ) reported on Wednesday that its fiscal second-quarter profit plunged 53% as higher debt repayment expenses, charges related to restructuring and lower sales due to unfavorable trends in foreign exchange market, weighed on the bottom line.
Continue reading St. Jude Medical’s Q2 Results Beats Forecast, Shares Gain (STJ)