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Wednesday, 27 August 2014, 22:58 GMT
Glencore, Jinchuan front runners to buy BHP's Nickel West
  • Commodity trader and miner Glencore (OTCPK:GLCNF, OTCPK:GLNCY) and Chinese nickel producer Jinchuan Group are the front runners to buy BHP Billiton's (NYSE:BHP) Australian Nickel West division, Reuters reports.
  • Estimates of Nickel West's value vary greatly, with some analysts and industry sources saying it's worth up to a $1B while others tag negative figures to the asset that they say is burning cash.
  • Nickel West was not included in BHP's de-merger plans announced last week, but CEO Andrew Mackenzie said shortly thereafter that the company was in talks to sell all or part of the unit.
Glencore, Jinchuan front runners to buy BHP's Nickel West Post your comment!


Wednesday, 27 August 2014, 22:36 GMT
Liberty Interactive completes TripAdvisor stake spinoff
  • Liberty Interactive (NASDAQ:LINTA) has finished spinning off its 22% TripAdvisor (NASDAQ:TRIP) stake into a new company called TripAdvisor Holdings. Starting tomorrow, TripAdvisor Holdings will trade under the symbols LTRPA and LTRPB.
  • Liberty's stake carries with it 57% of TripAdvisor's voting rights. Wunderlich recently argued TripAdvisor might eventually buy back the stake in a cash/stock deal.
Liberty Interactive completes TripAdvisor stake spinoff Post your comment!


Wednesday, 27 August 2014, 22:34 GMT
Shell says Canada oil sands projects may not meet waste targets
  • The head of Royal Dutch Shell's (RDS.A, RDS.B) Canadian unit says the company may not be able to meet promised targets for reducing toxic wastes from oil sands.
  • Shell, which operates two major oil sands surface mines in Alberta, had committed to cutting the amount of waste generated by its Canadian heavy oil extraction projects, but producers have struggled to meet reduction targets and now face the prospect of penalties if those goals remain unmet.
  • Shell and other oil sands mine operators have urged Alberta's government to ease requirements to allow the industry more time and flexibility.
Shell says Canada oil sands projects may not meet waste targets Post your comment!


Wednesday, 27 August 2014, 22:19 GMT
FireEye +2.2% AH on Stifel launch
  • Stifel's Gur Talpaz has launched coverage on FireEye (NASDAQ:FEYE) with a Buy and $45 target.
  • Like others, Talpaz considers FireEye's products well-differentiated relative to rival offerings, and praises its technology architecture (involves a multi-vector execution engine for analyzing malware, and a custom hypervisor).
  • He declares the company is "uniquely qualified to offer risk-averse organizations the full lifecycle of security solutions needed to detect, combat, and ultimately remediate a potential attack."
  • Talpaz admits FireEye trades at a premium to other security software names, but considers its valuation justified. Shares currently go for 7.7x the midpoint of FireEye's 2014 billings guidance range.
FireEye +2.2% AH on Stifel launch Post your comment!


Wednesday, 27 August 2014, 22:17 GMT
Tekmira +4% on takeover rumors; Shire, Glaxo said to have interest
  • Tekmira Pharma (NASDAQ:TKMR) +4.2% AH following a Daily Mail story suggesting it is a takeover candidate, after shares have nearly doubled in the past month thanks to attention over its experimental treatment for the deadly ebola virus.
  • Rumors suggest interested parties could include Shire (NASDAQ:SHPG) and GlaxoSmithKline (NYSE:GSK); the report suggests the recent premium paid for  InterMune could put a valuation of at least $40/share on TKMR.
Tekmira +4% on takeover rumors; Shire, Glaxo said to have interest Post your comment!


Wednesday, 27 August 2014, 22:04 GMT
KongZhong Corporation EPS of $0.03
  • KongZhong Corporation (NASDAQ:KZ): Q2 EPS (on ADS) of $0.03.
  • Revenue of $57.87M (+32.8% Y/Y).
  • Press Release
KongZhong Corporation EPS of $0.03 Post your comment!


Wednesday, 27 August 2014, 22:00 GMT
On the hour
  • S&P -0.01%.
  • 10-yr flat.
  • Euro +0.01% vs. dollar.
  • Crude -0.04% to $93.74.
  • Gold -0.02% to $1,283.60.
On the hour Post your comment!


Wednesday, 27 August 2014, 21:56 GMT
ACTC completes 1:100 reverse split
  • Going forward, there will be one share of Advanced Cell Technology (OTCQB:ACTC) for every 100 shares that previously existed. CFO/COO Ted Myles says the move is "part of a larger strategy to up-list to a national stock exchange and to raise awareness and visibility with fundamental-based, institutional biotech investors."
  • ACTC closed today at $0.08. Nonetheless, its market cap stood at $274.1M.
ACTC completes 1:100 reverse split 3 comments!


Wednesday, 27 August 2014, 21:56 GMT
SkyWest declares $0.04 dividend
  • SkyWest (NASDAQ:SKYW) declares $0.04/share quarterly dividend, in line with previous.
  • Forward yield 1.72%
  • Payable Oct. 6; for shareholders of record Sept. 30; ex-div Sept. 26.
SkyWest declares $0.04 dividend Post your comment!


Wednesday, 27 August 2014, 21:55 GMT
Bombardier to resume CSeries flight tests early next month, analyst says
  • Bombardier (OTCQX:BDRBF, OTC:BOMBF) is expected to resume flight testing for the CSeries early in September after months of delays, a development that could boost its share price, AltaCorp analysts say.
  • Bombardier has been saying flight tests would resume soon almost since the May engine fire first occurred, but the firm believes the tests are finally just around the corner.
  • The company's financial performance has hit bottom and should steadily improve over the coming years, the analyst says, adding that its valuation discount relative to peers offers a highly attractive entry point.
Bombardier to resume CSeries flight tests early next month, analyst says Post your comment!


Wednesday, 27 August 2014, 21:39 GMT
Red Hat's CTO resigning
  • Red Hat (NYSE:RHT) CTO Brian Stevens, a member of the company's senior management team since 2001, is resigning. Paul Cormier, Red Hat's president of products and technologies, will serve as interim CTO.
  • Stevens' departure comes as Red Hat pushes ahead with efforts to lower its Linux dependence by expanding into software fields such as middleware, virtualization, storage management, and cloud/data center management.
Red Hat's CTO resigning Post your comment!


Wednesday, 27 August 2014, 21:38 GMT
ZaZa slides after launching JV with private equity fund
  • ZaZa Energy (NASDAQ:ZAZA) shares were not helped today by news of a joint venture with P-E firm Quantum Energy Partners to develop some of its oil and gas properties in east Texas; shares fell 3.7%.
  • Under the new agreement, ZaZa will assign ~6K net acres of undeveloped land in exchange for $17M in cash and subscription rights to acquire an additional share of Quantum's ownership stake in the first 15 wells created through the partnership over the next two years.
  • ZaZa will retain its interest in all existing wells as well as the right to participate with Quantum's working interest in its reserved wells; Quantum will be reimbursed for its service and administrative costs with the JV.
ZaZa slides after launching JV with private equity fund Post your comment!


Wednesday, 27 August 2014, 21:35 GMT
After Hour Gainers / Losers
  • Top gainers, as of 5:15 p.m.: VNET +3.9%. ZLTQ +3.3%. SIFY +2.9%. HIL +2.6%. SFUN +2.3%.
  • Top losers, as of 5:15 p.m.: GOMO -21.2%. WSM -10.3%. TLYS -9.6%. GES -7.4%. VG -4.3%.
After Hour Gainers / Losers Post your comment!


Wednesday, 27 August 2014, 21:35 GMT
Notable earnings after Thursday?s close
Notable earnings after Thursday?s close Post your comment!

Wednesday, 27 August 2014, 21:30 GMT
Notable earnings before Thursday?s open
Notable earnings before Thursday?s open Post your comment!

Wednesday, 27 August 2014, 21:28 GMT
Dreyfus High Yield Strategies Fund declares $0.029 dividend
  • Dreyfus High Yield Strategies Fund (NYSE:DHF) declares $0.029/share monthly dividend, in line with previous.
  • Forward yield 8.66%
  • Payable Sept. 25; for shareholders of record Sept. 11; ex-div Sept. 9.
Dreyfus High Yield Strategies Fund declares $0.029 dividend Post your comment!


Wednesday, 27 August 2014, 21:27 GMT
Guess -6.5% after weak Q2, reduced outlook
  • Guess (NYSE:GES) -6.5% AH after reporting a 45% Y/Y drop in Q2 earnings, missing analyst consensus, and lowering its full-year outlook.
  • GES says it has seen a soft environment in North America, where traffic and promotional activity have continued to pressure its brick-and-mortar stores; Q2 revenues fell 4.8% Y/Y to $608.6M, or 6.3% excluding currency fluctuations, and gross margin narrowed to 35.6% from 38.9%.
  • Q2 North American retail revenue, the largest contributor to GES's top line, fell 4%, while same-store retail sales, including e-commerce, fell 5%; European revenue fell 6%.
  • Issues downside guidance for the full year, now seeing EPS of $1.05-$1.20 vs. $1.46 analyst consensus estimate and $1.40-$1.60 the company projected in May; for Q3, sees EPS of $0.15-$0.20 on revenue of $590M-$600M vs. analyst consensus $0.38 EPS and $613M revenue.
Guess -6.5% after weak Q2, reduced outlook Post your comment!


Wednesday, 27 August 2014, 21:23 GMT
Koss Corporation EPS of -$0.29
  • Koss Corporation (NASDAQ:KOSS): FQ4 EPS of -$0.29.
  • Revenue of $6.2M (-37.4% Y/Y).
  • Press Release
Koss Corporation EPS of -$0.29 Post your comment!


Wednesday, 27 August 2014, 21:21 GMT
Williams-Sonoma -10.5% AH on soft guidance
  • Williams-Sonoma (NYSE:WSM) expects FQ3 revenue of $1.1B-$1.13B and EPS of $0.58-$0.63, mostly below a consensus of $1.13B and $0.66. FY14 (ends Jan. '14) guidance is for revenue of $4.645B-$4.725B and EPS of $3.07-$3.17 vs. a consensus of $4.72B and $3.20.
  • FQ2 comparable brand revenue grew 5.7% Y/Y, down from FQ1's 10% but near the high end of a 4%-6% guidance range. WSM expects 4%-6% FQ3 comparable brand growth, and 5%-7% FY14 growth.
  • Pottery Barn comps +4.4%; Williams-Sonoma +3.4%; Pottery Barn Kids +5.6%; West Elm +16.7%; PBteen -1%. Direct-to-consumer revenue +9.4% to $523M; retail revenue +2.4% to $517M.
  • Gross margin -80 bps Y/Y to 36.8%. SG&A spend fell to 28.6% of revenue from 29.6% a year ago. $59M was spent on buybacks.
  • FQ2 results, PR
Williams-Sonoma -10.5% AH on soft guidance Post your comment!


Wednesday, 27 August 2014, 21:00 GMT
On the hour
  • S&P -0.01%.
  • 10-yr -0.02%.
  • Euro +0.19% vs. dollar.
  • Crude -0.02% to $93.76.
  • Gold -0.02% to $1,283.50.
On the hour Post your comment!


Wednesday, 27 August 2014, 20:58 GMT
DuPont to pay $1.28M over West Virginia toxic gas leaks
  • DuPont (NYSE:DD) agrees to pay $1.28M to settle alleged violations tied to hazardous chemical leaks at the Belle chemical plant in West Virginia during 2006-10 that left one DuPont worker dead, the U.S. Justice Department and EPA announce.
  • DuPont also agrees to implement new procedures to improve its response to alarms over hazardous releases, which are expected to cost $2.28M; the company already has spent ~$6.83M to comply with a 2010 order from the EPA over Clean Air Act violations.
DuPont to pay $1.28M over West Virginia toxic gas leaks 1 comment!


Wednesday, 27 August 2014, 20:53 GMT
Citizens Holding Company declares $0.22 dividend
  • Citizens Holding Company (NASDAQ:CIZN) declares $0.22/share quarterly dividend, in line with previous.
  • Forward yield 4.68%.
  • Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 11.
Citizens Holding Company declares $0.22 dividend Post your comment!


Wednesday, 27 August 2014, 20:52 GMT
Violin -3.3% AH; product sales remain soft
  • Violin Memory's (NYSE:VMEM) product revenue totaled $14.2M in FQ2, +11% Q/Q but -40% Y/Y. Service revenue (driven by past deals) was $4.4M, -18% Q/Q and +52% Y/Y. The company continues facing tough flash storage array competition from the likes of EMC, IBM, H-P, and Pure Storage.
  • Gross margin rose to 55% from 52% in FQ1 and 42% a year ago. GAAP sales/marketing spend -19% Y/Y to $15.1M; R&D spend -31% to $13M; G&A +27% to $5.2M. Job cuts and the recent sale of Violin's PCIe server flash module business helped lower costs.
  • Violin is reiterating FY15 (ends Jan. '15) gross margin guidance of 52%-56%. Opex guidance has been narrowed to $118M-$122M from $115M-$125M.
  • FQ2 results, PR
Violin -3.3% AH; product sales remain soft Post your comment!


Wednesday, 27 August 2014, 20:49 GMT
DHT Holdings EPS in-line, misses on revenue
  • DHT Holdings (NYSE:DHT): Q2 EPS of -$0.12 in-line.
  • Revenue of $14.5M (+41.2% Y/Y) misses by $2.11M.
  • Shares -3.18% AH.
  • Press Release
DHT Holdings EPS in-line, misses on revenue Post your comment!


Wednesday, 27 August 2014, 20:45 GMT
Greif misses by $0.63, misses on revenue
  • Greif (NYSE:GEF): FQ3 EPS of $0.21 misses by $0.63.
  • Revenue of $1.16B (+2.7% Y/Y) misses by $10M.
  • Press Release
Greif misses by $0.63, misses on revenue Post your comment!


Wednesday, 27 August 2014, 20:42 GMT
DNB Financial Corp declares $0.07 dividend
  • DNB Financial Corp (NASDAQ:DNBF) declares $0.07/share quarterly dividend, in line with previous.
  • Forward yield 1.285.
  • Payable Sept. 19; for shareholders of record Sept. 10; ex-div Sept. 4.
DNB Financial Corp declares $0.07 dividend Post your comment!


Wednesday, 27 August 2014, 20:40 GMT
OFG Bancorp declares $0.08 dividend
  • OFG Bancorp (NYSE:OFG) declares $0.08/share quarterly dividend, in line with previous.
  • Forward yield 2.03%
  • Payable Oct. 15; for shareholders of record Sept. 30; ex-div Sept. 26.
OFG Bancorp declares $0.08 dividend Post your comment!


Wednesday, 27 August 2014, 20:38 GMT
CTS Corporation declares $0.04 dividend
  • CTS Corporation (NYSE:CTS) declares $0.04/share quarterly dividend, in line with previous.
  • Forward yield 0.89%
  • Payable Oct. 31; for shareholders of record Sept. 26; ex-div Sept. 24.
CTS Corporation declares $0.04 dividend Post your comment!


Wednesday, 27 August 2014, 20:37 GMT
Humana declares $0.28 dividend
  • Humana (NYSE:HUM) declares $0.28/share quarterly dividend, in line with previous.
  • Forward yield 0.88%
  • Payable Oct. 31; for shareholders of record Sept. 30; ex-div Sept. 26.
Humana declares $0.28 dividend Post your comment!


Wednesday, 27 August 2014, 20:34 GMT
Sungy -21.2% AH on Q2 miss, guidance, MAU drop, CFO's resignation
  • Along with its Q2 results, Sungy Mobile (NASDAQ:GOMO) announces CFO Winston Li has resigned for "personal reasons." A search has begun for a replacement.
  • Q3 guidance is for revenue of RMB90M-RMB95M ($14.7M-$15.5M), below an $18.3M consensus.
  • Mobile app revenue +43.5% Y/Y to $8.5M; mobile reading services -28% to $2.9M; mobile portal marketing services +8% to $2.3M; everything else +205% to $2.4M.
  • Gross margin fell 400 bps Y/Y to 65.9%, thanks partly to a mix shift away from mobile reading. Opex +96.6% to $9.9M (far above rev. growth of 25..2%).
  • Cumulative GO app downloads rose by 35M Q/Q to 436M. Average GO monthly active users (MAUs) totaled 96M, up from 81M a year ago but down from 100M in Q1. Paid GO downloads were flat Q/Q and Y/Y at 500K.
  • Sungy says it plans to spend more on marketing to grow "brand awareness and user engagement." The company insists it's making "tremendous strides in the analysis of user behavior, on-going customization and localization," and plans to continue diversifying its app portfolio.
  • Q2 results, PR
Sungy -21.2% AH on Q2 miss, guidance, MAU drop, CFO's resignation Post your comment!



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