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…
Category: News
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…
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…
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….
Money & Me: Abu Dhabi-born handbag entrepreneur inspired by father’s hard work
How did your upbringing shape your attitude towards money? My father was a self-made man who came to the UAE from Beirut and worked hard over many years to build a successful business. He made sure to provide me and my family with the things he never had when he was growing up. Seeing him…
Yoga studios and Qatar’s first vegan cafe to open on Pearl-Qatar
Amid a drive for people to adopt healthier and more active lifestyles, the first Qatari-owned yoga studios and Doha’s inaugural vegan cafe are set to open to the public in June. Final works are underway at Niya Yoga and adjacent Evergreen Organics’ premises in Qanat Qartier on The Pearl-Qatar, ahead of a planned opening date around the…