Genpact Limited (G – Free Report) announced yesterday that it has reached a deal to acquire leading supply chain management consultancy, Barkawi Management Consultants. Financial terms weren’t disclosed. Barkawi Management Consultants is part of the Barkawi Group and operates in the United States and Europe. It offers strategic and operational supply chain management services covering … Read more
Software giant Microsoft Corporation (MSFT) is a component of the Dow Jones Industrial Average that is one of the best performing stocks so far in 2018. Microsoft is up 22.9% year to date, while the Dow 30 is up just 1.9%. The stock set its all-time intraday high of $106.50 on July 17, testing this week’s … Read more
Netflix (NFLX – Free Report) is partnering SiriusXM ((SIRI – Free Report) to enter the audio streaming market. Reportedly, SiriusXM, will play a 24 hour commercial free comedy channel unofficially named Netflix Is a Joke. The channel, which is expected to be available by January 2019, will include current and original content of Netflix’s vast … Read more
Badger Meter, Inc. (BMI – Free Report) reported promising results for the second-quarter 2018. The company registered both record revenues and adjusted earnings, driven by higher domestic municipal sales of its flagship products and increased international sales, notably in the Middle East. Net Income On a GAAP basis, net income for the reported quarter came … Read more
Thursday, July 19, 2018 Just when you thought Initial Jobless Claims couldn’t go lower, we see an almost shocking headline of just 207K new claims last week, down 8,000 from the previous week’s (slightly upwardly revised) 215K, down even more from the consensus estimate 224K and surprisingly beneath the headline from two weeks ago, which … Read more
The Blackstone Group L.P. (BX – Free Report) reported second-quarter 2018 economic net income (ENI) of 90 cents per share, which handily outpaced the Zacks Consensus Estimate of 71 cents. Also, the figure was 55% above the prior-year quarter level. Shares of Blackstone have gained nearly 1% in pre-market trading. Notably, the stock’s price performance … Read more
PPG Industries Inc. (PPG – Free Report) reported net income from continuing operations of $371 million or $1.51 per share for second-quarter 2018, down roughly 25% from the year ago figure of $497 million or $1.92 per share. Barring one-time items including restructuring costs, adjusted earnings were $1.90 per share in the reported quarter, up … Read more
The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a shock weekly build as domestic output hit 11 million barrels a day for the very first time. Despite the record production, U.S. benchmark crude futures gained 1% (or 68 cents) to $68.76 per barrel Wednesday. The positive price movement was supported by strong … Read more
Genuine Parts Company (GPC – Free Report) is a distributor of automotive and industrial replacement parts and business products. Earnings In the second-quarter 2018, Genuine Parts reported adjusted earnings of $1.59 per share, surpassing the Zacks Consensus Estimate of $1.56. Adjusted earnings per share in the year-ago quarter were $1.29. Revenues Genuine Parts reported net … Read more
American Express said Wednesday that its second-quarter profit rose 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate. But it had to set aside more money to cover potential bad loans, and saw its delinquency rate rise noticeably. It’s … Read more