Shares of Onyx Pharmaceuticals Inc. (NASDAQ: ONXX), a biopharmaceutical company engaged in the development of therapies that target the molecular mechanisms that cause cancer, are seeing a huge rally in trading today. At last check, ONXX shares were trading 50.62% higher at $130.76 on above average volume of 9.89 million. ONXX shares hit a 52-week high of $132.98 in early trading today.
Continue reading Major Movers on July 1; ONXX, AMGN, IDCC, WWAV.B, COV
According to a Brazilian newspaper Folha de S. Paulo, David Neeleman, a serial entrepreneur who founded JetBlue Airways Corp. (NASDAQ: JBLU) but was removed from his CEO post 6 years back, is raising $3.2 billion investment fund to regain the control of the Company and acquire a struggling Portuguese airlines, TAP.
Continue reading Neeleman Denies Report of Buying Back JetBlue Airways (JBLU)
Shares of Accenture Plc (NYSE: ACN) plunged 10.30% on Friday. Although the enterprise IT consulting firm reported on Thursday that fiscal third quarter income rose 18%, aided by higher revenue from financial, health and public segments, revenue fell short of company’s own initial projections. In addition, the Company also provided downbeat guidance. Continue reading Major Movers on June 28; ACN, MCP, BBRY, FINL, RENN
Athletic sports gear retailer, Finish Line Inc. (NASDAQ: FINL) reported on Friday that its fiscal first-quarter net income fell 59% as the expenses soared due to opening of new stores in Macy’s Inc. (NYSE: M), offsetting higher revenue and improvement in same-store-sales.
Continue reading Finish Line Tops Q1 Estimates, Shares Gain (FINL)
Shares of Paychex Inc, (NASDAQ: PAYX) slumped about 5.70% by mid-day trade. The Rochester, NY based Company, which handles employee benefits and provides human resources related services, late last evening reported nearly flat earnings growth for the fiscal fourth quarter as higher revenue was offset by jump in income tax expenses.
Continue reading Major Movers on June 27; PAYX, PRGS, CAG, SSW, NIHD, KBH
KB Home (NYSE: KBH) reported lower-than-expected fiscal second-quarter loss on Thursday as the homebuilder benefitted from strong growth in home deliveries and higher average selling price amid gradually improving U.S. housing market.
Continue reading KB Home Tops Q2 Estimates, Shares Gain (KBH)
The home furnishing retailer, Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported late last evening that its fiscal first-quarter income fell 2.1% as margin was hurt by higher expenses while unfavorable comparables (smaller tax benefit compared to corresponding quarter of last year) also offset improvement in revenue.
Continue reading Bed Bath & Beyond Q1 Revenue up 18%, Outlook Slightly Cautious (BBBY)
Shares of First Cash Financial Services Inc. (NASDAQ: FCFS) slumped about 10.70% by afternoon trade. The pawn store operator, late last evening, handed downbeat earnings outlook for the fiscal second quarter and downwardly revised full year revenue guidance. For the fiscal second quarter, First Cash Financial Services Inc expects earnings to be in the range of 56 cents to 59 cents a share while analyst’ consensus estimate was for 60 cents a share. For the full-year fiscal, the Company expects revenue in the range of $275 million to $290 million down from earlier projection of $310 million to $324 million. Analysts’ forecast was for $310 million.
Continue reading Major Movers on June 26; FCFS, APOL, SWHC, SYNA, ADBE, P
Home Bancshares Inc. (NASDAQ: HOMB) announced on Tuesday that it will be acquiring privately held Jonesboro, Arkansas-based Liberty Bancshares Inc. The deal will create a $7.1 billion Company and the second largest bank, based in Arkansas. The new entity will overtake First Security Bank of Searcy, which was thus far the second largest Arkansas based company, in terms of assets. Continue reading Home Bancshares Shares Soar over Liberty Bancshares Deal (HOMB)
Shares of Synaptics Inc. (NASDAQ: SYNA) skyrocketed in afterhours trading on Tuesday after the touchscreen chip maker upwardly revised its outlook for the fiscal fourth quarter, citing robust demand for its products from smartphone makers.