Market Insights

Resolute Forest Products, Union Reach Tentative 4-Year Deal

Resolute Forest Products, Union Reach Tentative 4-Year Deal

April 18, 2018 at 2:18 pm

Resolute Forest Products Inc. (RFP,RFP.TO) late Monday said it has negotiated a tentative four-year agreement has been reached with Unifor, the union representing 1,100 of its hourly employees working in the company’s Canadian pulp and paper operations. Details of the new pact were not immediately disclosed, with Resolute saying it was allowing union leadership to first present the contract toRead More

EMC Insurance Sees Q1 Weighed by Non-Catastrophe Loss

EMC Insurance Sees Q1 Weighed by Non-Catastrophe Loss

April 18, 2018 at 2:17 pm

EMC Insurance Group (EMCI) said on Monday it expects to report loss of $0.02 per share to a profit of $0.02 in Q1 and non-GAAP operating income in the range of $0.18 to $0.22 per share, weighed by a higher than anticipated level of non-catastrophe losses in the property and casualty insurance segment. For 2018, the insurance group now expectsRead More

SeaChange International Meets Q4 Sales Estimates

SeaChange International Meets Q4 Sales Estimates

April 18, 2018 at 2:14 pm

SeaChange International (SEAC) said Q4 sales fell to $22.9 million from $23.8 million in the year-ago period but matched the CapIQ mean. GAAP diluted EPS were $0.04 compared with a loss of $0.69 per basic share last year and better than estimates for a penny profit. Q1 sales are seen between $13 million to $15 million, below forecasts for $18.6Read More

Netflix Q1 Subscriber Additions Beat Expectations

Netflix Q1 Subscriber Additions Beat Expectations

April 18, 2018 at 2:13 pm

Netflix (NFLX) reported Q1 subscriber additions in the U.S. were 1.96 million, vs. the analyst estimates of 1.48 million subscriber additions. On the international side, Netflix said subscriber additions totaled 5.46 million, vs. expectations of 5.02 million. Looking forward to Q2, Netflix is expecting U.S. subscriber additions of 1.20 million and international additions of 5.00 million. For Q2 total revenue,Read More

ServisFirst Bancshares Posts Higher-Than-Expected Q1 Results

ServisFirst Bancshares Posts Higher-Than-Expected Q1 Results

April 18, 2018 at 2:12 pm

ServisFirst Bancshares (SFBS), parent company of Birmingham, Alabama-based ServisFirst Bank, reported Q1 results that came above Wall Street expectations. EPS increased 43% to $0.60 for the March quarter, but beat the $0.58 average estimate of analysts surveyed by Capital IQ. Q1 net interest income increased to $62.4 million, from $61.4 million, whereas non-interest income increased 7% to $4.9 million. Q1Read More

Synlogic Reports Synthetic Biotic Medicines Show Anti-Tumor Response in Mouse Models

Synlogic Reports Synthetic Biotic Medicines Show Anti-Tumor Response in Mouse Models

April 18, 2018 at 2:10 pm

Synlogic (SYBX), a clinical-stage drug discovery and development company applying synthetic biology to probiotics to develop novel living medicines, reported late Monday preclinical data from its immuno-oncology program demonstrate that, in mouse models, the company’s Synthetic Biotic medicines were shown to stimulate an antitumor response and robustly reprogram the tumor microenvironment potentially enabling the treatment of a variety of cancers.Read More

Vedanta Poaches AngloGold Ashanti CEO Srinivasan Venkatakrishnan

Vedanta Poaches AngloGold Ashanti CEO Srinivasan Venkatakrishnan

April 18, 2018 at 2:09 pm

Bullion producer AngloGold Ashanti (AU) CEO Srinivasan Venkatakrishnan is leaving the company to take the helm at Indian tycoon Anil Agarwal’s Vedanta Resources (VEDL). Shares of Vedanta were little-changed intraday. The appointment of Venkatakrishnan, a highly regarded mining executive, is being seen as a coup for the company, according to the Financial Times. Venkatakrishnan has been CEO of AngloGold SinceRead More