Later in 2016, Alcoa will separate into two entities. Alcoa will retain the upstream or commodity business. The value-added component will become Arconic.
Expedia (EXPE) released its 1Q16 results on April 29, 2016, beating analysts’ estimates on revenues and earnings. In this series, we’ll look at Expedia’s 1Q16 performance, including its key metrics trend and its guidance for the year.
Alexion reported sales amounting to $701 million in the first quarter of 2016. Wall Street analysts were expecting the company to record $711.9 million.
CAB rose 0.17% to close at $52.28 per share on April 28. Here’s what you need to know.
Boardwalk Pipeline Partners (BWP) reported its 1Q16 earnings on May 2, 2016. Its 1Q16 adjusted EBITDA rose 8.8% year-over-year.
Markets continued to price out the possibility of a rate hike by the US Federal Reserve toward the end of the year, and equity markets retreated further into losses.
Edison International (EIX), the smallest of the three Californian utilities by market capitalization, reported its 1Q16 results on May 2, 2016.
Supermarkets, which comprise the largest grocery retailing channel in the United States, are characterized by fierce competition and thin margins.
Altria Group (MO) released its 1Q16 earnings on April 28, 2016. Its adjusted diluted EPS (earnings per share) rose 14.3% to $0.72 in 1Q16.
On May 2, 2016, the S&P Consumer Discretionary Index had slightly outperformed the S&P 500 Index and the S&P Consumer Staples Index as a whole. These indexes had respective returns of 1.4%, 0.78%, and 1.0%.
In 1Q16, Eni’s revenues of 12 billion euros, or about $13.8 billion, missed analyst estimates. Eni reported EPS of -0.48 euros, or about $0.55.
The iShares NASDAQ Biotechnology ETF followed the market trend and gained 1.1% after a five-day losing streak, a positive beginning for the month of May.
On April 28, 2016, Juniper Networks (JNPR) announced its 1Q16 results. It reported revenues of $1.1 billion, an increase of 3% YoY and a decrease of 17% quarter-over-quarter.
Helmerich & Payne recorded total revenues of ~$439.2 million in fiscal 2Q16, which is 50.4% lower than the ~$885.7 million it recorded in fiscal 2Q15.
On April 28, 2016, AbbVie was trading at a forward PE multiple of about 9.93x. Since January 1, 2016, the company has traded at PE multiples of 8.6x–10.1x.
In fiscal 1Q16, analysts expect an adjusted EPS of -$0.26 for Weatherford International. Analysts expect its adjusted loss to nearly double in the coming quarter.
Enbridge Energy Partners (EEP) reported its 1Q16 results on May 2, 2016.
Cabot Oil and Gas (COG) reported its 1Q16 earnings on April 29. Here’s what you need to know.
On April 28, 2016, Genesee & Wyoming reported its 1Q16 financial results. GWR disappointed investors with reported adjusted earnings per share of $0.66.
In the quarter ending March 31, construction spending as a percentage of the GDP was flat at 6.2%. This was a big rise from 5.7% a year ago.