Shares of weight loss service Nutrisystem skyrocketed after the company reported fourth-quarter earnings and full-year guidance that topped expectations.
*Shares rise as much as 6.47 pct to $14.15. Feb 28- Endo International Plc's quarterly revenue and adjusted profit beat estimates, driven by two recently launched generic drugs, and new CEO Paul Campanelli braced investors for a tough year ahead as the drugmaker enters a period of transition. The Dublin, Ireland- based drugmaker's shares were up as much as 6.47...
MEXICO CITY, Feb 28- Higher agave prices weighed on fourth quarter profits at Mexico's Jose Cuervo which slumped 48.5 percent year-on-year even though the world's biggest tequila maker reported a 52.4 percent spike in revenues on Tuesday. Cuervo, controlled by the Beckmann family, boasts some 30 percent of the global tequila market, with over 60 percent of its...
Patrick McKeever, MKM Partners managing director, discusses Target's disappointing earnings release.
The FDIC reported that U.S. banks earned $43.7 billion in the fourth quarter, up from $40.8 billion a year earlier. FDIC Chairman Martin Gruenberg said some banks have been getting around low interest rates that crimp their profits by making more risky loans with higher rates and extending the terms of loans. FDIC examiners will continue to keep a close eye on the...
The FDIC noted the share of unprofitable banks in 2016, 4.2 percent, was the lowest since 1995.. The FDIC shields bank customers if a lender fails, and the agency chief said he saw bright spots for the industry, even as he urged caution. "Loan balances grew, asset quality improved and the number of unprofitable banks and' problem banks' continued to fall," FDIC Chairman...
HAMILTON, Bermuda _ North Atlantic Drilling Ltd. on Tuesday reported a loss of $56.9 million in its fourth quarter. The Hamilton, Bermuda- based company said it had a loss of $2.36 per share. Keywords: North Atlantic Drilling, Earnings Report.
TORONTO _ Bank of Nova Scotia on Tuesday reported fiscal first-quarter net income of $1.46 billion. Bank of Nova Scotia shares have climbed nearly 7 percent since the beginning of the year. Keywords: Bank of Nova Scotia, Earnings Report.
CNBC's David Faber reports on Valeant CEO Joseph Papa's interesting morning as Perrigo and Valeant earnings disappoint.
DALLAS _ InfraREIT Inc. on Tuesday reported fourth-quarter profit of $20 million. The Dallas- based company said it had net income of 46 cents per share. InfraREIT shares have decreased slightly more than 7 percent since the beginning of the year.
HAMILTON, Bermuda _ Ship Finance International Ltd. on Tuesday reported fourth-quarter earnings of $28.5 million. Three analysts surveyed by Zacks expected $96.3 million. Ship Finance shares have fallen slightly more than 1 percent since the beginning of the year.
GOLDEN, Colo. _ Golden Minerals Co. on Tuesday reported fourth-quarter net income of $315,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Golden, Colorado- based company said it had net income of 1 cent. Keywords: Golden Minerals, Earnings Report.
NASHVILLE, Tenn. _ Ryman Hospitality Properties Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The Nashville, Tennessee- based real estate investment trust said it had funds from operations of $76 million, or $1.48 per share, in the period. The average estimate of five analysts surveyed by Zacks Investment Research was for funds...
The "Squawk on the Street" crew discuss Target's earnings miss.
WESTLAKE, Ohio _ TravelCenters of America LLC on Tuesday reported a loss of $6.5 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Three analysts surveyed by Zacks expected $1.45 billion.
SANTA MONICA, Calif. _ TCP Capital Corp. on Tuesday reported fourth-quarter net income of $22.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. TCP Capital shares have risen 1 percent since the beginning of the year.
TOLEDO, Ohio _ Libbey Inc. on Tuesday reported a fourth-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Toledo, Ohio- based company said it had a loss of 10 cents. For the year, the company reported profit of $10.1 million, or 46 cents per share.
Tenet's shares fell more than 11 percent in premarket trading on Tuesday.
OAK BROOK, Ill. _ Federal Signal Corp. on Tuesday reported fourth-quarter net income of $12.6 million. Federal Signal expects full-year earnings in the range of 70 cents to 78 cents per share. Federal Signal shares have dropped slightly more than 1 percent since the beginning of the year.
SAN DIEGO _ Sempra Energy on Tuesday reported fourth-quarter net income of $379 million. The San Diego- based company said it had net income of $1.51 per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.