Category: News

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…

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…

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, 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…

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 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…

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…

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 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 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…

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 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…

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…

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…