Financial News

Intercontinental Exchange Upgraded by RBC

Intercontinental Exchange Upgraded by RBC

July 13, 2017 at 12:21 pm 0 comments

Intercontinental Exchange received an investment-rating upgrade Thursday from RBC Capital Markets, which said it was becoming more optimistic for the exchange operator’s Q1 derivatives momentum to be sustained. The firm also raised its price target on Intercontinental Exchange’s shares, lifting the target to $70 per share from $65. This moves the target above the stock’s Wednesday closing price of $65.87Read More

Pearson Agrees to Sell 22% Stake in Penguin Random House

Pearson Agrees to Sell 22% Stake in Penguin Random House

July 11, 2017 at 12:15 pm 0 comments

UK education and publishing firm Pearson said on Tuesday that it has agreed to sell a 22% stake in book publisher Penguin Random House to its German joint venture partner Bertelsmann in a transaction that will also recapitalize the business generating proceeds of about $1 billion for Pearson. The deal values Penguin Random House at $3.55 billion in enterprise value,Read More

Haverty Furniture Companies Reports Improved Total Sales for Q2

Haverty Furniture Companies Reports Improved Total Sales for Q2

July 7, 2017 at 11:10 am 0 comments

Haverty Furniture Companies reported Friday sales for the quarter ended June 30 increased year over year even as comparable store sales declined from the prior-year period. The retailer of residential furniture and accessories said Q2 sales were $196.8 million, up 1.1% from $194.8 million in the same quarter in 2016. Comparable store sales were down 0.2%. Havertys’ stores were closedRead More

Bob Evans Farms Fiscal Q4 EPS Beats Views

Bob Evans Farms Fiscal Q4 EPS Beats Views

June 15, 2017 at 9:48 am 0 comments

Bob Evans Farms shares were higher nearly 4% in recent pre-market trade after the company reported a fiscal Q4 adjusted earnings from continuing operations of $0.58 per diluted share compared with an income of $0.32 per share a year ago, beating the $0.52 average EPS estimate from analysts polled by Capital IQ. Net sales from continuing operations during the threeRead More