World’s largest logistic company, FedEx Corp. (NYSE: FDX) said on Wednesday that its fiscal fourth-quarter income fell 45% as continued weakness in the international package volume, restructuring charges and higher operating expenses, weighed on the bottom line.
Continue reading FedEx Beats Q4 Earnings Estimate but Outlook Cautious (FDX)
Adobe Systems Inc. (NASDAQ: ADBE) reported late on Tuesday that its fiscal second-quarter income slumped 66% as the Company’s transition towards subscription based revenue model for its flagship products away from licensing and packaged software sales- increased marketing expenses while revenue also fell.
Shares of FactSet Research Systems Inc. (NYSE:FDS) fell about 2% by afternoon trade. Although FactSet posted fiscal third quarter earnings which matched street’s estimate, revenue fell short of expectation. In addition, the Company said it envisage a tough market condition. Factset sells services to clients that use its merger acquisition and stock research. In the fiscal third quarter, FactSet’s net income rose 11%. Continue reading Major Movers on June 18; FDS, GNMK, KFY, JW.A, SNE
Executive search company, Korn/Ferry International (NYSE: KFY) reported on Monday that its fiscal fourth-quarter income edged up modestly as higher expenses offset revenue growth. Still, shares rallied in aftermarket hours as the firm handed upbeat guidance for the fiscal first quarter.
Continue reading Korn/Ferry International Provides Upbeat Earnings Guidance for Q1 (KFY)
Shares of Terex Corp. (NYSE: TEX) slumped about 9.75% by afternoon trade after the heavy equipment maker slashed its full-year earnings forecast even as it provided weak outlook for the fiscal second quarter amid falling sales trends.
Continue reading Major Movers on June 17; TEX, RXN, ANR, DWRE, DWA, NFLX
DreamWorks Animation Skg Inc. (NASDAQ: DWA) has entered in a multi-year agreement to produce in excess of 300 hours of content for internet-video streaming company Netflix Inc. (NASDAQ: NFLX).
Continue reading DreamWorks Signs Multi-Year Deal With Netflix (DWA, NFLX)
Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for earnings of 4 cents a share, according to a data compiled by Thomson Reuters. Revenue climbed 38% to $301.34 million from $217.92 million, in the year earlier quarter and topping Street’s estimate for $299.13 million. Same-store-sales jumped 41% compared to 26% in the same period of last fiscal year.
Continue reading Major Movers on June 14; RH, GRPN, CASY, SWHC, GME
Open Table Inc. (NASDAQ: OPEN) announced on Thursday that it has agreed to acquire a mobile technology company, JustChalo Inc. in both cash and stock deal valued at $11 million.
Continue reading Open Table to acquire Mobile Technology Company (OPEN)
Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% to $616.5 million. Revenue from tuxedo rental services climbed to $98.5 million from $78.5 million. The Company said that earlier Easter, pushed up the prom season, which generally falls in the fiscal second quarter. Same-store-sales, a key measure in retail chain’s performance, increased at its namesake stores but fell 2.8% and 5.3% at Moores and K&G stores, respectively.
Continue reading Major Movers on June 13; MW, PVH, SWY, GCI, BBRY, PCO
Gannett Company Inc. (NYSE: GCI) announced on Thursday that it has agreed to acquire a television Company Belo Corp. (NYSE: BLC) in an all cash deal estimated at $1.5 billion. Continue reading Gannett to acquire Belo Corp. in $1.5 Billion Cash Deal (GCI, BLC)