Company Overview and News
The shipping industry is responsible for transporting the majority of goods involved in world trade and is rightfully considered as the life line of the global economy. Since the beginning of 2017, the shipping industry has been witnessing rapid growth. The momentum is expected to continue in 2018. This is primarily due to higher demand for commodities from the emerging markets of China and India as well as from Europe.
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Motorola Solutions, Inc. (MSI - Free Report) reported strong second-quarter 2018 results on the back of healthy growth across all geographic regions. GAAP earnings for the reported quarter were $180 million or $1.05 per share compared with $131 million or 78 cents per share in the year-earlier quarter. The year-over-year improvement was primarily attributable to top-line growth. Excluding non-recurring items, non-GAAP earnings for the reported quarter were $1.
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Cooper Tire & Rubber Company (CTB - Free Report) is set to report second-quarter 2018 results, before the market opens on Aug 6. In the last-reported quarter, this tire manufacturer delivered an earnings miss of 73.3%. In the trailing four quarters, it missed estimates twice while beating in the remaining two, with an average negative earnings surprise of 9.8%. Cooper Tire has an expected long-term growth rate of 4%.
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Arista Networks Inc. (ANET - Free Report) reported strong second-quarter 2018 results with healthy year-over-year increase in earnings and revenues on the back of solid order trends and favorable growth dynamics. Quarter Details GAAP earnings improved to $150.7 million or $1.86 per share from $102.7 million or $1.30 per share in the year-earlier quarter, largely due to top-line growth and record profitability.
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The AES Corporation (AES - Free Report) is set to release second-quarter 2018 results, before the opening bell on Aug 7. In the last reported quarter, the company delivered a positive earnings surprise of 12%. Moreover, it surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 12.05%. Let’s see how things are shaping up prior to this announcement. Why a Likely Positive Surprise Our proven model shows that AES Corp.
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B&G Foods, Inc. (BGS - Free Report) saw its shares dip 4.4% during yesterday’s after-market trading session, as the company’s second-quarter 2018 earnings declined year over year and lagged the Zacks Consensus Estimate. The company, which remains troubled by increased freight expenses, also lowered the upper end of its adjusted EBITDA and bottom-line views for 2018. Nevertheless, sales grew on the back of solid results from Back to Nature and Green Giant frozen, which have been aiding this Zacks Rank #2 (Buy) stock.
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Energy Transfer Partners LP (ETP - Free Report) recently inked an agreement to merge with its general partner Energy Transfer Equity LP (ETE - Free Report) in an all-stock deal. This marks a long-awaited move by the pipeline giant in the energy MLP industry.
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Integer Holdings Corporation (ITGR - Free Report) reported adjusted earnings of $1.06 per share in the second quarter of 2018, up 43% year over year. Further, earnings beat the Zacks Consensus Estimate of 90 cents.
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Century Aluminum Company (CENX - Free Report) posted net income of $19.4 million or 20 cents per share in second-quarter 2018 compared with $7.1 million or 7 cents in the year-ago quarter. Results in the reported quarter were negatively impacted by $8.5 million from equipment failure at Sebree and expenses of $3 million associated with the Hawesville restart project. Barring one-time items, adjusted earnings came in at 32 cents per share in the quarter, which beat the Zacks Consensus Estimate of 24 cents.
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Tenet Healthcare Corporation (THC - Free Report) will report second-quarter 2018 results on Aug 6 after market close. Tenet Healthcare’s second-quarter performance is likely to drive growth on the back of new key initiatives, cost restructure by the company as well as a solid performance at Conifer segment. Moreover, the United Surgical Partners International should also better the company’s numbers.
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Shares of Hercules Capital, Inc.’s (HTGC - Free Report) gained 3.3% following the release of second-quarter 2018 results after the markets closed. Adjusted net investment income of 29 cents per share beat the Zacks Consensus Estimate by a penny. However, the figure was 6.5% below the year-ago quarter level. Results reflected higher revenues, growth in investment portfolio and a rise in net asset value.
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Looking at the releases of the S&P 500 group, results released so far for the April-June quarter gives us a rosy picture. It’s worth mentioning here that the S&P 500 has gained 1% in three weeks ended Aug 2. Per our latest Earnings Preview report, roughly 76.2% of the group members have reported results till Aug 2. Earnings of the companies, which already reported results, have increased 25% year over year while revenues expanded 10.
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Brookfield Infrastructure Partners L.P. (BIP - Free Report) posted second-quarter 2018 earnings of 21 cents per unit, missing the Zacks Consensus Estimate of 76 cents by 72.4%. The company had incurred a loss of 6 cents in the year-ago quarter. Revenues Brookfield Infrastructure reported revenues of $1,044 million, which beat the Zacks Consensus Estimate of $833 million by 25.3%. Revenues improved 11.
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Broadridge Financial Solutions, Inc. (BR - Free Report) is scheduled to report fourth-quarter fiscal 2018 earnings on Aug 7, before the opening bell. The company’s shares have returned 50% over the past year compared with the industry’s rise of 17.4%.
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4h - Asif
Business overview Rennova Health, Inc. (together with its subsidiaries, “Rennova”, “we” or the “Company”) is a provider of an expanding group of health care services for healthcare providers, patients and individuals. Beginning in 2018, the Company intends to focus on and operate two synergistic divisions: 1) Clinical diagnostics through its clinical laboratories; and 2) Hospital operations through its Big South Fork Medical Center, which opened on August 8, 2017, and a hospital in Jamestown Tennessee, including a doctor’s practice, the assets of which the company expect to acquire in the second quarter of 2018, pursuant to the terms of a definitive asset purchase agreement that the company entered into on January 31, 2018, as more fully discussed below. The company believe that its approach will produce a more sustainable business model and the capture of multiple revenue streams from medical providers, patients and hospital services. Management determined that because Big So...
2018-08-13 - Asif
Core Business At Ballard, Ballard Power Systems is building a clean energy growth company. Ballard Power Systems is recognized as a world leader in proton exchange membrane (“PEM”) fuel cell power system development and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer, and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. The hydrogen fuel can be obtained from natural g...
2018-08-13 - Asif
Overview Marathon Patent Group was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the company discontinued its minerals business and began to invest in real estate properties in Southern California. In October 2012, the company discontinued its real estate business when its former CEO joined the firm and the company commenced its IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. Marathon Patent Group has since purchased its cryptocurrency mining machines and established a data center in Canada to mine digital assets. Following the me...
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