Category: Earnings

Analysis, Earnings

Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)

Shares of Cardica (NASDAQ:CRDC) climbed in Thursday’s pre-market session, after the developer of endoscopic microcutter products said it received 510(k) clearance from the U.S. Food and Drug Administration for its MicroCutter XCHANGE 30 white cartridge and for an additional plastic material contained within the MicroCutter XCHANGE 30 blue cartridge for use in medium-thickness tissue. The 510(k) clearance for the MicroCutter XCHANGE 30 white cartridge is … Continue reading Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)

Adam Keintzel
Earnings, Retail

Target Stores Fourth Quarter Insider Analysis

Shares of Target Stores (NYSE:TGT) closed up 7% on Wednesday after the discount retailer reported Q4 2013 adjusted EPS of $0.90, above its prior outlook and the street’s forecasts. Given bearish sentiment on the name, investors were likely relieved the company did not miss, even though earnings were up against a lower bar. The bulls also pointed to traction on the US side while earnings … Continue reading Target Stores Fourth Quarter Insider Analysis

Colin Pettis
Analysis, Earnings

Tower Semiconductor (NASDAQ:TSEM) Tops Street Forecasts; NYSE:TSL, NYSE:DE, NYSE:KSS

Specialty foundry company Tower Semiconductor Ltd. (NASDAQ:TSEM) reports non-GAAP diluted EPS of $0.34 for Q4 2013, up sequentially from $0.22 in Q3 2013. Two analysts surveyed by Capital IQ called for non-GAAP diluted EPS of $0.29. Revenue was down 2% from Q3 2013 to $134.6 million, falling short of the $140 million Capital IQ consensus. For Q1 2014, the company estimates revenues to be between … Continue reading Tower Semiconductor (NASDAQ:TSEM) Tops Street Forecasts; NYSE:TSL, NYSE:DE, NYSE:KSS

John Meady
Earnings

Morning Earnings Roundup: Delek, Assured Guaranty, American States

Energy company Delek US Holdings, Inc. (NYSE:DK) reported Wednesday night Q4 2013 net loss of $4.7 million, or $0.08 per share, compared to a net income of $64.3 million, or $1.06 per share, a year earlier. Adjusted earnings were not provided, which would have been comparable to the Capital IQ consensus of $0.11. Net sales totaled $1.9 billion, down from $2.2 billion last year, missing … Continue reading Morning Earnings Roundup: Delek, Assured Guaranty, American States

John Meady
Earnings

Sandridge (NYSE:SD) Set to Announce Earnings; Active Trading Anticipated

SandRidge Energy, Inc. (NYSE:SD) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in SD indicates that the price change in the extended hours is likely to be of limited value in forecasting additional … Continue reading Sandridge (NYSE:SD) Set to Announce Earnings; Active Trading Anticipated

Colin Pettis
Analysis, Earnings

American Tower Prepares For Viom Networks Bid

Real estate investment trust American Tower (NYSE:AMT) is preparing a bid for an Indian telecommunications tower company, Viom Networks, that could amount to $1.6 billion to $1.9 billion, according to the Economic Times, an Indian newspaper. Citing unnamed sources, the Times said the bid may come by March 7, and that American Tower is likely to value Viom based on its operating profit and not … Continue reading American Tower Prepares For Viom Networks Bid

Adam Keintzel