Author: admin

Dick’s Sporting Goods Inc. shares rose 5.7% in Tuesday premarket trading after the retailer beat second-quarter earnings estimates and raised its full-year outlook. Dick’s reported net income of $91.4 million, or 82 cents per share, up from $90.8 million, or 77 cents per share, for the same period last year. The FactSet consensus was 69 cents per share. Revenue totaled $1.97 billion, up from $1.82 billion last year and beating the FactSet consensus of $1.88 billion. Same-store sales increased 2.8%, exceeding the FactSet estimate of a 2.2% decline. Dick’s expects third-quarter EPS in the range of 39 cents and 42 cents, excluding costs to convert former The Sports Authority stores into Dick’s stores. The FactSet consensus is 38 cents. The company raised its full-year EPS guidance to a range of $2.90 to $3.05 from $2.60 to $2.90. The FactSet consensus is $2.84. Dick’s Sporting Goods shares are up 55.3% for the year so far while the S&P 500 Index is up 7.2% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Coty Inc. reported a fiscal fourth-quarter net loss of $31 million, or 9 cents per share, compared with $21 million, or 5 cents per share, for the same period last year. Adjusted earnings were 13 cents per share, beating the FactSet consensus of 6 cents per share. Revenue totaled $1.08 billion, down from $1.02 billion last year and beating the FactSet estimate of $1.05 billion. The company said Tuesday it is “well advanced” in its preparations for the P&G Beauty Brands merger, with office locations, structure and key staffing complete. Coty sees revenue returning to growth during the second half of fiscal 2017, excluding the impact of foreign currency. Coty shares are inactive in premarket trading, but up 16.1% for the year so far. The S&P 500 Index is up 7.2% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Northern Oil & Gas Inc. said Tuesday Chief Executive Michael Reger has been terminated, effective immediately, and has ceased being a member of the oil and gas company’s board. Thomas Stoelk, who was served as chief financial officer since December 2011, was named interim CEO. The company said it has been evaluating “strategic alternatives to increase shareholder value,” given the challenges of operating in a lower commodity price environment. The company said it still has access to over $220 million under its revolving credit facility. The stock, which was still inactive in premarket trade, has tumbled 16% over the past three months, while the S&P 500 has gained 6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Visteon Corp. said Tuesday it has appointed Christian Garcia as chief financial officer, effective October. Garcia will replace William Robertson, who will continue with the company as vice president and corporate controller. Garcia comes from Halliburton Co. , where he was acting CFO. Shares were not yet active in premarket trade, but are down 38% in the year so far, while the S&P 500 has gained 7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Inflation in the U.K. rose to 0.6% in July, beating analyst expectations, as the weaker pound following the Brexit vote made imported goods more expensive for British buyers. At 0.6%, consumer prices rose the most since November 2014, according to the Office for National Statistics. Tuesday’s data were seen as crucial as they mark the first formal hard-data release to cover the entire month of July and take into account the full effect of Brexit on the U.K. economy. Analysts had expected inflation to remain at 0.5% year-over-year in July, arguing that weaker oil prices and a continued fall in clothing prices would offset the pound slump. However, the ONS noted that as crude oil is priced in dollars, the pound weakness made energy imports more expensive during the month. “The sharp depreciation of sterling seen since the beginning of 2016 may start to influence upward pressure on the CPI through the continued import of goods that are in the basket of measured goods and services,” the ONS said. Sterling rose to $1.2975 after the inflation release, up from $1.2880 late Monday in New York.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Inflation in the U.K. rose to 0.6% in July, beating analyst expectations, as the weaker pound following the Brexit vote made imported goods more expensive for British buyers. At 0.6%, consumer prices rose the most since November 2014, according to the Office for National Statistics. Tuesday’s data were seen as crucial as they mark the first formal hard-data release to cover the entire month of July and take into account the full effect of Brexit on the U.K. economy. Analysts had expected inflation to remain at 0.5% year-over-year in July, arguing that weaker oil prices and a continued fall in clothing prices would offset the pound slump. However, the ONS noted that as crude oil is priced in dollars, the pound weakness made energy imports more expensive during the month. “The sharp depreciation of sterling seen since the beginning of 2016 may start to influence upward pressure on the CPI through the continued import of goods that are in the basket of measured goods and services,” the ONS said. Sterling rose to $1.2975 after the inflation release, up from $1.2880 late Monday in New York.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Salesforce.com acquired business-intelligence and analytics company BeyondCore on Monday for an undisclosed price. San Mateo, California-based BeyondCore was founded in 2004 and has received a total of $9 million in Series A equity funding. “I am thrilled announce @Salesforce has acquired @beyondcoreinc to enhance the AI capabilities of Analytics Cloud,” Salesforce founder and CEO Marc Benioff said in a tweet. In a blog post, BeyondCore said it “will be uniquely positioned to further magnify our impact on the world of analytics” under Salesforce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News