Arrium’s share price was pushed up by 17% on the day of their earnigns results though many analysts do not share the market’s enthusiasm. Adjusted profit increased from AUD 143 million to AUD 168 million but quality remains poor. Profit was boosted by an interest rate on sizable, mainly U.S dollar denominated debt, of less…
U.S. Bank, a unit of U.S. Bancorp (NYSE:USB), said it hired Jack Frencho as a wealth management adviser for its Private Client Reserve in Columbus, Ohio. U.S. Bancorp (NYSE:USB) belongs to Financial sector. Its net profit margin is 45.40% and weekly performance is -5.71%. On last trading day company shares ended up $38.94. U.S. Bancorp…
Cisco Systems, Inc. (NASDAQ:CSCO) during a keynote address at the Internet of Things World Forum in Chicago, Cisco CTO Padmasree Warrior announced the winners of three global Internet of Things (IoT) Grand Challenges aimed at recognizing, promoting and accelerating the adoption of breakthrough technologies and products that contribute to the growth and evolution of the…
Chesapeake Energy (NYSE:CHK) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are covering the company, Stock Ratings Network.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. Chesapeake Energy Corporation (NYSE:CHK) belongs to Basic Materials sector….
The Walt Disney Company (NYSE:DIS) in South East Asia (SEA) on 10 October announced changes to its management team to position for rapid growth in the film and media distribution landscape in the region. Amit Malhotra, previously General Manager Disney Media Distribution and Media+ becomes General Manager, Studio Entertainment SEA and will oversee all the…
AutoNation reported second-quarter results that matched consensus EPS expectations of $0.73 while revenue of $4.4 billion exceeded consensus expectation of $4.3 billion. Analysts intend to raise the fair value estimate to account for higher revenue growth and AutoNation capturing slightly more market share than we currently model in our five-year forecast period. The results show…
