Sector roundup: Entertainment stocks rise on improved ad outlook, health insurers fallOctober 8th, 2009 Sector roundup: Entertainment, managed careAmong the sector activity stories for Thursday, Oct. 8, from AP Financial News:
PHILADELPHIA (AP) — Shares of entertainment stocks rose after analysts raised their earnings and revenue forecasts, as well as price targets, for companies in the sector as advertising spending improves.
Medicines sets 3rd-quarter revenue outlook below Wall Street analyst forecastsOctober 6th, 2009 Medicines sets 3Q revenue outlook below forecastsPARSIPPANY, N.J. — Drugmaker Medicines Co.
ReneSola signs deal to buy Dynamic Green Energy; cuts full-year revenue outlookSeptember 23rd, 2009 ReneSola to acquire Dynamic Green EnergyNEW YORK — Chinese solar maker ReneSola Ltd. on Wednesday said it will acquire Dynamic Green Energy Ltd.'s shares in exchange for 26.8 million of its own shares and $10 million in the form of a convertible promissory note.
Kulick & Soffa boost revenue expectations, shares advanceSeptember 16th, 2009 Kulicke & Soffa increases revenue outlook for 4QFORT WASHINGTON, Pa. — Computer chip equipment manufacturer Kulicke & Soffa Industries Inc.
FreightCar America shares fall after analyst says stock is too expensive to keep 'Buy'August 25th, 2009 FreightCar America shares fall after downgradeNEW YORK — FreightCar America Inc. fell Tuesday after an analyst downgraded the stock, saying shares of the railcar manufacturer were too expensive to warrant a "Buy" rating.
Phillips-Van Heusen boosts full-year outlook after stronger-than-expected second quarterAugust 20th, 2009 Phillips-Van Heusen raises full-year outlookNEW YORK — Clothing maker Phillips-Van Heusen Corp. said Wednesday that it was raising its full-year guidance after posting a better-than-expected second-quarter profit.
Jinpan International says 2Q profit rose 44 percent, but shares fall on weak outlookAugust 14th, 2009 Jinpan 2Q profit up 44 percent; shares fallJinpan International Ltd., which makes cast resin transformers for power distribution, said on Friday that its second-quarter profit jumped 44 percent as raw material prices fell and it benefited from an influx of high-end orders. But its shares fell sharply as it predicted that earnings growth would slow.
Shares of truck maker Paccar fall on weak 2nd-qtr, modest outlook for European salesJuly 28th, 2009 Truck maker Paccar falls on weak 2Q, outlookNEW YORK — A big drop in second-quarter sales and profit plus the truck maker's warning that European sales will remain weak on Tuesday weighed on shares of Paccar Inc. On Monday the Bellevue, Wash., company said that the weak economy hurt freight shipments and truck sales and contributed to its second-quarter net income plunging 92 percent to 7 cents per share.
Cargo shipper Forward Air gives third-quarter outlook below Wall Street expectationsJuly 20th, 2009 Forward Air gives 3Q outlook below expectationsGREENEVILLE, Tenn. — Forward Air Corp., which provides air freight services to cargo carriers and airlines, gave a third-quarter outlook Monday that was below Wall Street expectations.
Chevron shares fall following warning of second quarter weaknessJuly 10th, 2009 Chevron shares fall after 2Q warningNEW YORK — Shares of Chevron Corp. slid on Friday a day after the company warned of weak second-quarter results, hurt by lower refining margins in the U.S.
Paychex shares fall 6 percent after disappointing 4QJune 25th, 2009 Paychex shares down after 4Q results fall shortDES MOINES, Iowa — Shares of Paychex Inc. fell 6 percent Thursday after fourth-quarter profit and revenue results missed analyst expectations.
CBS posts loss in 1st quarter as advertising revenue fallsMay 8th, 2009 CBS posts 1Q loss on advertising weaknessLOS ANGELES — CBS Corp., the media company controlled by billionaire Sumner Redstone, said Thursday it lost $55 million in the first quarter as advertising revenues fell sharply. The results missed Wall Street expectations, but the company gave an upbeat outlook for the rest of the year.
Viacom's 1st-quarter earnings fall 34 percent as ad and entertainment revenues declineApril 30th, 2009 Viacom's 1Q earnings fall 34 percentNEW YORK — Media conglomerate Viacom Inc. said Thursday its first-quarter profit fell 34 percent, hurt by falling ad and entertainment revenue.
Apparel maker VF's profit falls one-third in 1st qtr, hurt by strong dollar; co. cuts outlookApril 28th, 2009 Apparel maker VF's 1st-qtr profit falls one-thirdNEW YORK — Shares of apparel maker VF Corp. fell after hours Tuesday after the company painted a bleaker picture of the fall and remainder of the year than investors were hoping for, cutting its revenue and earnings guidance as its first-quarter profit fell 33 percent.
McClatchy reports 1Q loss of $37.5M as fall-off in advertising takes results below estimatesApril 23rd, 2009 McClatchy reports wider 1Q loss of $37.5MSACRAMENTO, Calif. — The publisher McClatchy Co.
Loading ...