Shares of Wynn Resorts Ltd. WYNN declined over 6% in afterhours trading on Nov 2, after the company reported lower-than-expected third-quarter 2016 results. Both earnings and revenues lagged the Zacks Consensus Estimate. Earnings and Revenue Discussion Adjusted earnings of 75 cents per share missed the Zacks Consensus Estimate of 79 cents by 5.1%. Further, earnings…
Category: Finance
Jones Lang LaSalle (JLL) Q3 Earnings Lag, Fall Y/Y; Sales Up
Jones Lang LaSalle Inc. JLL which shortened its name to “JLL,” reported third-quarter 2016 adjusted earnings of $1.42 per share, missing the Zacks Consensus Estimate of $2. Adjusted earnings for third-quarter 2015 were $2.56 per share. For the quarter, revenues came in at around $1.71 billion, surpassing the Zacks Consensus Estimate of $1.54 billion and…
Fitbit (FIT) Q3 Earnings Beat, Revenues Match Estimates
Fitbit, Inc. FIT reported third-quarter 2016 adjusted earnings (excluding all one-time items but including stock-based compensation) of 13 cents per share, which surpassed the Zacks Consensus Estimate of 11 cents. However, the fourth quarter guidance was lower than analysts’ expectations, which sent shares down 1.9%. In the quarter, 60% of the activations came from new…
Host Hotels (HST) Q3 FFO Beats, Rate & Occupancy Improve
Host Hotels & Resorts, Inc.’s HST came out with third-quarter 2016 adjusted funds from operations (“FFO”) of 37 cents per share, beating the Zacks Consensus Estimate of 36 cents. Adjusted FFO per share figure was up 8.8% from the year-ago tally of 34 cents.Results reflect growth in comparable hotel revenue per available room (“RevPAR”) and…
j2 Global (JCOM) Q3 Earnings Beat Estimates; Dividend Up
Los Angeles, CA-based j2 Global, Inc.’s JCOM third-quarter 2016 earnings (on an adjusted basis) of $1.19 per share (including stock-based compensation expenses) beat the Zacks Consensus Estimate by a penny. Also, earnings increased around 16.67% on a year-over-year basis. Quarterly revenues came in at $210.1 million, up 17.6% year over year. The top line, however,…
Tenneco’s (TEN) Q3 Earnings Beat Estimates, Revenues Lag
Tenneco Inc. TEN reported adjusted earnings per share of $1.53 in the third quarter of 2016 that outpaced the Zacks Consensus Estimate of $1.49. Moreover, earnings per share increased 25.4% from $1.22 recorded in the third quarter of 2015. Also, adjusted net income went up 17.8% to $86 million from $73 million a year ago. On…
Tesoro Corporation (TSO) Q3 Earnings Beat; Revenues Miss
Independent refiner, Tesoro Corporation TSO reported third-quarter 2016 adjusted earnings from continuing operations of $1.43 per share, which surpassed the Zacks Consensus Estimate of $1.42. Significant contribution from the logistics segment supported the results. The bottom line, however, deteriorated from the year-ago quarter figure of $6.48 per share due to lower income from the refining…
Cummins (CMI) Beats Q3 Earnings Estimates, Revises View
Cummins Inc.’s CMI adjusted earnings per share decreased 5.6% to $2.02 in the third quarter of 2016 from $2.14 earned in the year-ago quarter. The bottom line, however, surpassed the Zacks Consensus Estimate of $1.93. Including the impact of one-time items, net income fell to $289 million from $380 million in the third quarter of…
Diamond Offshore’s (DO) Q3 Earnings Beat, Revenues Miss
Diamond Offshore Drilling Inc. DO reported third-quarter 2016 adjusted earnings of 10 cents per share that comfortably surpassed the Zacks Consensus Estimate of 7 cents. The bottom line, however, decreased from the year-earlier earnings of $1.01 per share. Total revenue in the quarter of $349.2 million decreased from the year-ago figure of $388.7 million and…
Dominion (D) Tops on Q3 Earnings & Revenues; Keeps View
Dominion Resources Inc. D reported third-quarter 2016 operating earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.04 by 9.6%. Earnings were also above management’s guidance range of 95 cents to $1.10 per share.Moreover, operating earnings increased 10.7% from $1.03 per share a year ago. The decline was due to the impact of…
Loews (L) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
Loews Corporation L reported third-quarter 2016 operating earnings of 89 cents per share, which beat the Zacks Consensus Estimate of 69 cents. Earnings surged 53% year over year. The quarter witnessed better performance at CNA Financial CNA and improved results from the parent company investment portfolio. However, lower earnings at Diamond Offshore DO and Boardwalk…
Gambling Stock Roundup: Focus on Q3 Earnings, Nevada Revenues Rise in September
The gambling industry’s focus has been on the third-quarter 2016 financial releases in the past week.Both Penn National Gaming Inc. PENN and Churchill Downs Inc. CHDN posted mixed results. Though Penn National Gaming’s earnings beat the Zacks Consensus Estimate, revenues missed the mark. Meanwhile, Churchill Downs failed to beat bottom-line expectations while its top line…
Acunetix educates GITEX visitors on web app vulnerability services
Acunetix, a company specialising in web application vulnerability scanning, is exhibiting alongside Bulwark at this years GITEX Technology Week, following the recent distribution agreement between the two firms. Damian Fearnley, Regional Sales Manager, EMEA, Acunetix, outlined the company’s main focuses at the exhibition this year. “One of our goals is to educate the market and…
Researchers to explore ‘hidden secrets’ under Qatar’s waters
A new-five year project to better understand Qatar’s marine life and uncover its “hidden secrets” is set to begin in a few months, researchers have announced. The endeavor is being spearheaded by Qatar Museums and Qatar University, with help from Canada’s York University and Italy’s culture ministry. It is unique in that most historical research…
dmg events acquires EMS PTY South Africa – InBusiness
by inbusiness One of the world’s leading event companies, dmg events, has announced the acquisition of Exhibition Management Services PTY Ltd (EMS) – headquartered in Johannesburg, South Africa. dmg events, is a wholly owned subsidiary of the Daily Mail & General Trust plc (DMGT, www.dmgt.com), an international portfolio of digital, information, media and events businesses….
Fidelity (FIS) Beats on Q3 Earnings, Misses Sales Estimates
Fidelity National Information Services Inc.’s FIS third-quarter 2016 adjusted earnings per share from continuing operations came in at $1.00, beating the Zacks Consensus Estimate of 98 cents and increasing 11.1% from the year-ago quarter. Quarter Highlights Revenues of $2.309 billion surged 46.2% year over year but widely missed the Zacks Consensus Estimate of $2.363 billion….
Grupo Televisa (TV) Q3 Earnings Lag, Revenues Improve Y/Y
Mexican pay-TV and broadcasting behemoth Grupo Televisa S.A.B. TV reported mixed financial results in the third quarter of 2016. While the bottom line lagged the Zacks Consensus Estimate, the top line improved on a year-over-year basis. Net income in the reported quarter came in at approximately $70.8 million, down 79.6% year over year. However, earnings…
Acer Vows to Advance Innovation
by inbusiness Innovation. A single word that is changing the world, and Acer is a global player that is mastering this command. The company has been bringing technology to people and creating value across different continents for 40 years. And no, it won’t stop on innovating and bridging the chasm between people and technology….
10 Tips for a Flatter Tummy
by Grace Najjar By Grace Najjar, Lifestyle Blogger and Writer Getting the flat tummy you’ve always wanted is a lot easier than you think. You don’t need to run miles on end or spend hours in the gym. In fact, you don’t even really need to go far from home or invest a lot of…
Kellogg (K) Beats on Q3 Earnings, Lifts Earnings Guidance
Kellogg Company K posted an earnings beat in the third quarter of 2016 on robust cost savings. However, sales fell short of expectations as improved U.S. cereal trends seen in the fourth quarter could not be sustained. The company raised its earnings guidance for 2016, encouraged by lower effective tax rates in the third quarter….