Shares of Vanguard Health Systems Inc. (NYSE: VHS) rallied more than 65% by afternoon trade on Monday. The hospital services provider, Tenet Healthcare Corp. (NYSE: THC) agreed to buy Vanguard Systems in a transaction valued at $1.63 billion. The acquisition will help Tenet to diversify its healthcare service business.
Continue reading Major Movers on June 24; VHS, THC, ISIS, STEC, KEYN, AGN, DE
Shares of Aruba Networks Inc. (NASDAQ: ARUN) tumbled about 26.50% by afternoon trade after the wireless equipment maker, late last evening, said that it swung into third quarter loss as the bottom line was felt the impact due to rising expenses, higher taxes. The Company also provided disappointing guidance for the fiscal fourth quarter. The Company now anticipates earnings come in the range of 10 cents to 12 cents a share on revenue range of $148 million to $150 million. Analysts polled by Thomson Reuters had most recently forecasted earnings of 17 cents a share on revenue of $157 million. Excluding onetime items, adjusted earnings stood at 11 cents a share in the fiscal third quarter compared to 16 cents a share, in the year-earlier quarter. Revenue jumped 12% to $147.1 million. Earlier in May the Company provided earnings guidance of 11 to 12 cents a share on revenue range of $144 million to $147 million.
Continue reading Major Movers on May 17; ARUN, BRCD, ADSK, JCP, DE
Shares of Deere & Company (NYSE: DE) plunged about 4.50% by afternoon trade on Wednesday after the farms equipment manufacturer provided downbeat outlook for the second half of the current year.The Company now expects full-year sales to grow by 5% down from earlier guidance of 6%. The Company however handed better-than-expected adjusted earnings and revenue for the fiscal second quarter. For the fiscal second quarter ended April 30, Deere & Company posted net income of $1.08 billion or $2.76 a share compared to a profit of $1.06 billion or $2.61 a share, in the year-earlier quarter. Revenue rose 9% to $10.91 billion. Analysts’ consensus estimate was for earnings of $2.72 a share on revenue of $9.85 billion.
Continue reading Major Movers on May 15; DE, GOOG, CSC, SPWR
Deere & Company (NYSE: DE) reported higher than expected fiscal first-quarter earnings and revenue on Wednesday and raised its outlook on fiscal 2013 earnings as the world’s largest agricultural equipment supplier anticipates strong demand for its products in coming quarters as farmers in the U.S. are likely to sow huge amounts of corn and soybeans seeds this year after witnessing worst drought in the U.S. Midwest in 56 years in last summer.
Continue reading Deere & Company Comfortably Beats Street’s Q1 Estimates, Outlook Upbeat (DE)
Farm and construction equipment maker Deere & Company (NYSE: DE) reported an increase in fourth-quarter profit. However, the company’s results missed Street estimates, sending shares down sharply in early trading today.