U.S. automobile industry’s big three players posted stronger sales growth in June. While Ford Motor’s (NYSE: F) sales climbed up 7% in June from a year earlier, General Motors (NYSE: GM) and Chrysler Group LLC posted a double digit growth.
Continue reading Automakers Post Strong Sales Growth in June (F, GM)
Acuity Brands Inc. (NYSE: AYI), today, reported its third-quarter financial results. AYI’s third-quarter earnings beat estimates, sending the company’s shares sharply higher in trading today.
Apple Inc.’s (NASDAQ: AAPL) iPad Trademark dispute has been finally resolved. The tech giant has settled the dispute for $60 million. Proview Technology, an almost bankrupt Chinese Company and a unit of Hong Kong listed Proview International Holding Limited, had disputed over an ownership of name which Apple uses it for globally acclaimed tablets.
Continue reading Apple Settles iPad Trademark Dispute (AAPL)
Homebuilder KB Home (NYSE: KBH) on Friday reported a narrower quarterly loss, sending the company’s shares sharply higher.
Shares of AZZ Incorporated (NYSE: AZZ), an electrical equipment and components manufacturer serving the worldwide markets of power generation, transmission and distribution, and the general industrial markets, surged in trading on Friday after the company reported its first-quarter fiscal 2013 financial results. The company also lifted its fiscal 2013 outlook and declared a 2 for 1 tock split.
Continue reading AZZ Shares Surge on Q1 Results, Outlook (AZZ)
Constellation Brands (NYSE: STZ) reported its fiscal first quarter earnings on Friday. The Company said that its earnings declined 3% against the same period last year owing to higher interest expenses and onetime expenses. However, company’s adjusted earnings were better than Wall Street’s expectations.
Continue reading Constellation Brands Q1 Profit Drops 3%, Shares Jump on Acquisition News (STZ)
Shares of Monsanto Company (NYSE: MON), a provider of agricultural products for farmers, rose sharply on Wednesday after the company announced strong third-quarter financial results.
U.S.’s third biggest homebuilder Lennar Corp. (NYSE: LEN) reported on Wednesday that new orders rose for a fifth consecutive quarter and the company was also able to command higher prices in a market which is recovering slowly but surely.
Continue reading Lennar Reports Better Than Expected Results (LEN)
U.S.’s largest for profit education chain, Apollo Group Inc. (NASDAQ: APOL) reported on Monday that its fiscal third quarter profit dropped sharply owing to lower enrollment. However, company’s shares jumped to an eight month high on Tuesday as its quarterly earnings and revenues surpassed Wall Street expectations. The company also raised its full-year profit guidance.
Continue reading Apollo Posts Better Than Expected Quarterly Results (APOL)
Software giant Microsoft Corporation (NASDAQ: MSFT) has reached an agreement to acquire Yammer Inc., an online social network firm.