Which way is the market headed? Watch these two things, says trader Kenny Polcari.
NEW YORK _ Griffin Land& Nurseries Inc. on Friday reported fiscal third-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier. On a per-share basis, the New York- based company said it had net income of 23 cents. This story was generated by Automated Insights using data from Zacks Investment Research.
Investors looking for direction shouldn't expect to receive good news on the earnings front, Mike Thompson said.
Some of the names on the move ahead of the open.
TORONTO _ Intellipharmaceutics International Inc. on Friday reported a loss of $1.9 million in its fiscal third quarter. On a per-share basis, the Toronto- based company said it had a loss of 8 cents. Keywords: Intellipharmaceutics International, Earnings Report.
United said it expects a higher pre-tax profit margin for the third quarter than it had previously forecast, thanks in part to frequent fliers.
Mike Thompson, S&P Investment Advisory, and CNBC's Dominic Chu share their outlook on third quarter earnings and weighs in on the top and worst performers.
Alcoa's weak earnings are no surprise because materials and energy have been the worst performing sectors, explains Bhaskar Laxminarayan, CIO of Asia at Pictet Wealth Management.
Alcoa's earnings were hurt by the slide in aluminum prices due to global oversupply, not the U.S. economy, says Charles Bradford, president at Bradford Research.
*China's Q3 earnings season kicks into gear. SHANGHAI, Oct 9- China and Hong Kong stocks rose on Friday, tracking gains in global markets on growing expectations that the U.S. China's flagship indexes extended Thursday's 3 percent gains.
Investors will watch U.S. earnings for spillover effects from China's slowdown and Fed rate moves, says John Petrides, MD and portfolio manager at Point View Wealth Management.
VANCOUVER, British Columbia _ NovaCopper Inc. on Thursday reported a loss of $4.2 million in its fiscal third quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 4 cents. This story was generated by Automated Insights using data from Zacks Investment Research.
Oct 8- United Continental Holdings Inc on Thursday said it expects a higher pre-tax profit margin for the just-ended third quarter than it had previously forecast, thanks in part to extra revenue from a credit card agreement for frequent fliers. That reflects about $100 million in revenue from changes to marketing agreements with JPMorgan Chase& Co's Chase...
Oct 8- United Continental Holdings Inc on Thursday said it expects a higher pre-tax profit margin for the just-ended third quarter than it had previously forecast. The Chicago- based airline said its pre-tax margin will be between 16 percent and 17 percent, compared with a prior forecast of between 13.5 percent and 15.5 percent. It also narrowed its outlook for a...
What Alcoa means for the rally in materials, with the Fast Money traders following disappointing Q3 earnings results.
ORLANDO, Fla. _ API Technologies Corp. on Thursday reported a loss of $6.3 million in its fiscal third quarter. The Orlando, Florida- based company said it had a loss of 11 cents per share. Keywords: API Technologies, Earnings Report.
Klaus Kleinfeld, Alcoa CEO and chairman, discusses Q3 earnings and business strategy moving forward including the Alcoa split set to take place.
Oct 8- Alcoa Inc reported a smaller-than-expected quarterly profit, hurt by a slide in aluminum prices that has prompted the company to separate the smelting operations from the faster-growing plane and car parts business. Alcoa's shares fell 4.3 percent in extended trading. Net income attributable to Alcoa fell to $44 million, or 2 cents per share, in the third...
MARYVILLE, Tenn. _ Ruby Tuesday Inc. on Thursday reported a fiscal first-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier. Ruby Tuesday expects full-year earnings in the range of 12 cents to 17 cents per share. Ruby Tuesday shares have fallen 3.5 percent since the beginning of the year.
HAMILTON, Bermuda _ Helen of Troy Ltd. on Thursday reported fiscal second-quarter net income of $24.5 million. On a per-share basis, the Hamilton, Bermuda- based company said it had profit of 84 cents. Helen of Troy expects full-year earnings in the range of $5.50 to $5.85 per share, with revenue in the range of $1.5 billion to $1.54 billion.