Councils across the UK estimate some 600 high-rise buildings have similar flammable cladding to Grenfell Tower. Local authorities have been ordered to provide the government with details of the insulation used in tower blocks following the fatal fire in Kensington that left 79 people dead or missing. At least SIX HUNDRED tower blocks in England…
Category: News
Open D Group, Retail Access and Sparkle rebrand to ODG
Open D Group, Retail Access and Sparkle, the award winning retail and branding design agencies, have today announced their rebrand to ODG to implement a simpler, cleaner, agile and integrated organization to deliver its expertise in Intelligence, Branding, Design, Project Management and Digital Solutions. The integration of these three brands under one umbrella will now…
Why high-growth alone isn’t sufficient for India
Most discussions on India concentrate solely on its economic growth. However, if only this mattered, India would seem set to be a prosperous nation. But, India’s growth story is not equal across geographies. Large swathes of the population have been left out of its skewed growth. Achieving prosperity for a broader set of people, the…
Regency Centers’ (REG) Q3 FFO in Line, Revenues Surpass
Regency Centers Corporation’s REG third-quarter 2016 core funds from operations (“FFO”) of 81 cents per share came in line with the Zacks Consensus Estimate. Further, the results compared favorably with 76 cents reported in the year-ago quarter.The company reported better-than-expected growth in revenue. Moreover, it experienced growth in same property net operating income (“SPNOI”).Total revenue…
S&P Global (SPGI) Q3 Earnings & Revenues Beat Estimates
S&P Global, Inc. SPGI reported third-quarter 2016 adjusted earnings per share of $1.43, which surged 17% from the year-ago quarter and beat the Zacks Consensus Estimate of $1.35. Revenues advanced 9% to $1,439 million, beating the Zacks Consensus Estimate of $1,416 million. Top-line growth was primarily supported by strong performances across S&P G lobal Ratings…
Vulcan Materials (VMC) Misses on Earnings & Revenues in Q3
Vulcan Materials Company’s VMC third-quarter 2016 adjusted earnings of $1.01 per share missed the Zacks Consensus Estimate of $1.12 by 9.8%. However, the bottom line increased 9.8% from the prior-year quarter on the back of robust margins.Total revenue of $1,008 million also missed the Zacks Consensus Estimate of $1,109 million by 9.1%. Sales also decreased…
Wynn Resorts (WYNN) Q3 Earnings, Revenues Lag; Stock Hit
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…
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…
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…
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…
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…