Intevac Declines 16% Premarket

Intevac Declines 16% Premarket

Intevac (IVAC) shares slumped 16% in premarket trading on Tuesday after the maker of sensors for the defense industry posted an adjusted Q1 loss per share of $0.23, compared with adjusted EPS of $0.08 a year earlier and missing the average analyst estimate for an adjusted loss of $0.15 in a Capital IQ poll. Revenue declined more than 40% to $18.0 million from $30.4 million a year earlier, falling short […]

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Global Energy Report: Crude Falls In Asia As Market Mulls Iran Steps

Global Energy Report: Crude Falls In Asia As Market Mulls Iran Steps

Crude oil prices fell in Asia on Tuesday with the market uncertain if President Donald Trump will act to re-impose sanctions on Iran after Israel released a trove of documents related to Tehran’s nuclear weapons program ICE Brent crude futures, the benchmark for oil prices outside the US, fell 0.87% to $74.04 a barrel. US West Texas Intermediate crude futures dropped 1.06% to $67.84 a barrel. The US dollar index […]

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KLX Shares Fall Nearly 5% Pre-Bell on $4.25 Bln Takeover by Boeing

KLX Shares Fall Nearly 5% Pre-Bell on $4.25 Bln Takeover by Boeing

KLX (KLXI) shares were nearly 5% lower in Tuesday’s pre-market session after the provider of aviation parts and services agreed to be acquired by Boeing (BA) in a deal valued at $4.25 billion. Boeing is paying $63 per share in cash and assuming about $1 billion of net debt to acquire KLX. “This acquisition is the next step in our services growth strategy, with a clear opportunity to profitably grow […]

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Oracle Buys Cloud-Based Student Financing Software Provider Vocado to Expand Higher-Education Offering

Oracle Buys Cloud-Based Student Financing Software Provider Vocado to Expand Higher-Education Offering

Oracle (ORCL) said it has completed the acquisition of Vocado, which provides a student-centric, cloud-based financial aid product for higher education institutions. The financial terms of the transaction weren’t disclosed. “Oracle Student Cloud is Oracle’s next-generation, cloud-based SIS designed for all academic models across every stage of the modern student lifecycle,” Oracle said in a statement released late on Monday. “Vocado adds the most advanced financial aid solution with a […]

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SunCoke Energy Partners Q1 EPS Swings to Profit

SunCoke Energy Partners Q1 EPS Swings to Profit

SunCoke Energy Partners (SXCP) is trading more than 7% lower before Thursday’s opening bell after announcing lower-than-expected Q1 earnings and a 33% reduction in its quarterly dividend. For the first quarter, the company reported a profit of $0.26 per share, up from a loss of $2.77 per share last year but below the consensus estimate of $0.32 per share. It was not clear if the figures were comparable. Total revenue […]

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Adtran Logs Weaker-than-Expected Q1 Results

Adtran Logs Weaker-than-Expected Q1 Results

Adtran (ADTN) reported late Tuesday it swung to a Q1 adjusted net loss of $0.29 per share from an adjusted profit of $0.18 per share. Analysts were expecting adjusted net loss per diluted share of $0.14. Sales were $120.8 million, down from last year’s $170.3 million, and falling short of Street view of $126.8 million. For the company’s outlook, CEO Tom Stanton said: “Looking ahead, we expect continued strength in […]

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Columbia Financial Receives Approval for Minority Stock Offering of 49.8 Mln Shares

Columbia Financial Receives Approval for Minority Stock Offering of 49.8 Mln Shares

Columbia Financial (CLBK), the holding company for Columbia Bank, said late Tuesday it received all regulatory approvals for the completion of its minority stock offering of 49.8 million shares at $10 per share. It expects to close the offering on Thursday. Shares of the company are due to begin trading on the Nasdaq Global Select Market under the ticker “CLBK” beginning on Friday. The offering was oversubscribed by eligible depositors […]

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Segro Reports Record New Headline Rent in Single Quarter Powered by Growth in Online Retailing

Segro Reports Record New Headline Rent in Single Quarter Powered by Growth in Online Retailing

Segro (SGRO.L), a developer and manager of warehousing and light industrial property, said early Wednesday it made a “strong” start to 2018 as new headline rent hit a record level for a single quarter due to “encouraging” occupational demand driven by growth in online retailing. The company, a real-estate investment trust, said in a trading update that it contracted 27.3 million pounds ($39.1 million) of new headline rent in the […]

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CSX First Quarter Results Beat Analysts’ Expectations Despite Drop in Volumes

CSX First Quarter Results Beat Analysts’ Expectations Despite Drop in Volumes

Railroad operator CSX (CSX) posted better-than-expected results for its top and bottom lines in the first quarter despite a decline in the volume of freight that it transports and less than five months after its former chief executive, Hunter Harrison, passed away. The Jacksonville, Florida-headquartered company generated revenue of $2.88 billion in the first quarter of the year, up slightly from $2.87 billion in the corresponding quarter of the prior […]

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Fiesta Restaurant Reports Q1 Same-Store Sales Up 1.1% at Pollo Tropical

Fiesta Restaurant Reports Q1 Same-Store Sales Up 1.1% at Pollo Tropical

Fiesta Restaurant Group (FRGI), the parent company of two fast-casual restaurant brands, reported late Tuesday preliminary comparable restaurant sales for fiscal Q1 ended April 1 of a 1.1% increase at Pollo Tropical, while comparable store sales at Taco Cabana declined 1.7%. “Executing our strategic renewal plan continued in full force during Q1, and we are encouraged by the improving sales trajectory across our two brands,” said CEO Richard Stockinger. “Pollo […]

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