International Flavors and Fragrances (IFF) will pay a quarterly dividend of $0.69 per share on October 6, 2017.
As of July 31, 2017, California Resources’ (CRC) total shares shorted (or short interest) stood at ~16.3 million.
For 2Q17, California Resources (CRC) reported operating cash flow of -$13.0 million, which is much lower than analysts’ expectation of $79.0 million.
For 2Q17, California Resources (CRC) reported total production of 129 Mboepd, which is below the midpoint production guidance of 128 Mboepd to 133 Mboepd.
For 2Q17, California Resources (CRC) reported revenues of ~$516.0 million, which was much higher than Wall Street analysts’ consensus of ~$482.0 million.
California Resources (CRC) announced its 2Q17 earnings on August 3, 2017. According to its press release, it was a worse-than-expected loss of ~$78.0 million.
In July 2017, the FDA accepted Bristol-Myers Squibb’s supplemental New Drug Application (or sNDA) for expanding the indication of Sprycel.
In 2Q17, Orencia contributed around 13% of Bristol-Myers Squibb’s net revenues.
In the Phase 3 CheckMate-214 trial, 41.6% patients on Opdivo and Yervoy combination therapy achieved the objective response rate (or ORR) compared to 26.5% patients who were on sunitinib.
In June 2017, Bristol-Myers Squibb presented the clinical trial data of its Phase 1/2 ECHO-204 trial.
In 2Q17, Bristol-Myers Squibb’s (BMY) Opdivo generated revenues of around $1.2 billion, which reflected ~45% growth on a year-over-year basis.
In 2Q17, Bristol-Myers Squibb reported diluted earnings per share (or EPS) of $0.56 compared to $0.69 in 2Q16.
Of the 23 analysts covering Bristol-Myers Squibb (BMY) in August 2017, six analysts recommended a “strong buy,” and four analysts recommended a “buy.” Ten analysts recommended a “hold,” and three analysts recommended a “sell.”
The online streaming segment is getting more competitive by the day. First, Netflix (NFLX) purchased Millarworld, a comic book publisher, earlier this month, to help develop its own programming. Last week, Amazon…
On August 15, Amazon (AMZN) sold $16 billion in bonds to fund its acquisition of Whole Foods (WFM). The bonds were met with robust demand from investors, as the tech giant rarely…
Tencent Holdings (TCEHY), China’s biggest gaming and social media company by revenue, reported its fiscal 2Q17 results on Wednesday, August 16. The Shenzhen-based company beat forecasts and reported its best-ever quarterly…
The tech and media sector has seen major developments recently, including some exciting partnerships and acquisitions. Let’s look at what’s to come.
Freeport-McMoRan (FCX) is expected to post adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $4.9 billion this year and $6.3 billion next year.
Freeport-McMoRan (FCX) closed at $14.77 on August 16, gaining 5.7% from its previous close. The stock has been consolidating over the last few trading sessions.
Bank of America reported deposits totaling ~$1.3 trillion in 2Q17, compared to ~$1.2 trillion in 2Q16.