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IMAX Q1 EPS Above Expectations, Revenue Misses Mark

IMAX Q1 EPS Above Expectations, Revenue Misses Mark

IMAX (IMAX) rose more than 3% in pre-market trading on Friday after the entertainment technology company raised its view on its 2019 global box-office performance and posted stronger-than-expected adjusted earnings for its most recent quarter.  Adjusted EPS decreased to $0.18 in the March quarter from $0.21 a year ago, but that still beat the $0.17 average estimate of analysts surveyed […]

Ford Makes $500 Million Minority Investment in Electric Pickup Truck Maker Rivian

Ford Makes $500 Million Minority Investment in Electric Pickup Truck Maker Rivian

Ford (F) has invested $500 million in Rivian and created a partnership which will see the two companies work together to develop a next-generation battery electric vehicle for Ford’s portfolio.  Ford said that it would build an all-new battery electric vehicle using Rivian’s flexible skateboard platform. This is in addition to Ford’s existing plans to develop a portfolio of battery […]

Anadarko Shares Rally 12% on Higher Takeover Offer from Occidental Petroleum

Anadarko Shares Rally 12% on Higher Takeover Offer from Occidental Petroleum

Anadarko Petroleum (APC) shares gained 12% after Occidental Petroleum (OXY) on Wednesday offered to buy the company for $76 per share in cash and stock in a bid to scuttle Chevron’s (CVX) deal to buy Anadarko for $65 per share.  Under the $57 billion proposal, including assumption of debt, Anadarko shareholders will receive $38 in cash and 0.6094 shares of […]

Berenberg Initiatives Coverage on Small/Mid-Cap Net Lease REITs With Buy, Hold Ratings

Berenberg Initiatives Coverage on Small/Mid-Cap Net Lease REITs With Buy, Hold Ratings

Berenberg launched coverage of small- and mid-cap net lease real-estate investment trusts with buy and hold investment ratings, saying in a note to clients that the firm believes this is “an area where investors should deploy capital, especially in light of an overall macro environment where growth is challenged.”  The firm cited “the large market opportunity in the space, coupled […]

Nasdaq Q1 EPS, Revenue Both Top Consensus, Lowers 2019 Operating Expense Guidance

Nasdaq Q1 EPS, Revenue Both Top Consensus, Lowers 2019 Operating Expense Guidance

Nasdaq (NDAQ) early Wednesday reported Q1 adjusted earnings of $1.22 per diluted share, in line with income per share a year ago and above the $1.17 average estimate from analysts polled by Capital IQ.  Total revenue fell to $634 million from $735 million a year ago, beating the $632.7 million consensus.  The decrease in net revenues reflected a positive $22 […]

Bond Prices Rally Amid Safety Buying; Auctions Ahead — 10-Year 2.538%

Bond Prices Rally Amid Safety Buying; Auctions Ahead — 10-Year 2.538%

US Treasury bond prices rallied overnight, while equities have been mixed after new record highs on the S&P 500 and NASDAQ on Tuesday. The market will digest $41 billion 5-year Treasury notes along with a $20 billion 2-year floating-rate note (FRN).  UK Gilts were leading the rally in bonds with the yield 4 basis points lower near 1.184%. The German […]

Business district: stock market and finance data on city background

eBay Shares Rise After Hours as Q1 Results Beat Expectations

eBay (EBAY) shares were higher after hours as it reported Q1 non-GAAP net income of $0.67 per share, up $0.53 in the same period of last year and topping the consensus on Capital IQ for $0.63 a share.  Revenue rose 2% on an as-reported basis and 4% on a currency-neutral basis to $2.64 billion, ahead of expectations for $2.58 billion. […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 4, 2016. U.S. stocks tumbled to start 2016, falling to their lowest levels since mid-October, as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth. Photographer: Michael Nagle/Bloomberg via Getty Images

Wirecard Up After Japan’s Softbank Group Invests $1 Billion to Support East Asia Expansion

Shares of Wirecard (WDI.DE, WDI.F), a German internet technology and financial services provider, surged early on Wednesday after the company said that Japan’s Softbank Group has agreed to invest 900 million euros ($1.01 billion) in exchange for a 5.6% stake in the company.  As part of the deal, SoftBank will support Wirecard’s expansion into Japan and South Korea, as well […]

Mangrove Partners Takes TransAlta, Brookfield Renewable Partners to Court Over $750 Mln Partnership Deal

Mangrove Partners Takes TransAlta, Brookfield Renewable Partners to Court Over $750 Mln Partnership Deal

Mangrove Partners has initiated a lawsuit to block TransAlta’s (TAC) $750 million partnership deal with Brookfield Renewable Partners (BEP).  The Canadian power producer had previously secured a strategic partnership and financing of $750 million with Brookfield Renewable which it will use to advance its strategy of converting coal units to gas, investing in renewables and accelerating returns to shareholders.  In […]