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API data show U.S. oil supplies up 3.45 million barrels: sources

Oil futures edged lower in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies rose by 3.45 million barrels for the week ended May 6, according to sources who reviewed the report. Analysts polled by S&P Global Platts forecast a climb of 300,000 barrels for crude inventories. The closely watched Energy Information Administration report will be released Wednesday. June crude was at $44.52 a barrel in electronic trading, down from the contract’s settlement of $44.66 on the New York Mercantile Exchange.

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.

From:: Stock Market News

Disney shares tank after earnings, sales miss

Shares of the Walt Disney Co. tanked in late trading Tuesday after the media company missed fiscal second-quarter sales and earnings expectations. Disney said it earned $2.1 billion, or $1.30 a share, in the quarter, compared with $2.1 billion, or $1.23 a share, in the year-ago period. Adjusted for one-time items, the media company earned $1.36 a share in the quarter, up from $1.23 a share a year ago. Sales reached $13 billion, up from $12.5 billion a year ago. Analysts polled by FactSet had expected the media company to report earnings of $1.39 a share on sales of $13.2 billion. Disney shares fell 6% after ending the regular trading day up 1.2%. The company said its sales from media networks were flat at $5.8 billion, while cable-network sales fell 2% and broadcasting revenue rose 3%. Revenue from Disney’s parks and resorts businesses rose 4%. Attendance at Disney’s theme parks was flat, the company said.

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.

From:: Stock Market News

Planet Fitness shares rise on earnings beat, outlook

Planet Fitness Inc. shares rose in the extended session Tuesday after the gym operator topped Wall Street estimates for the quarter. Planet Fitness shares advanced 5.6% to $16.50 after hours. The company reported adjusted first-quarter earnings of 15 cents a share on revenue of $83.3 million. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $78.8 million. For the year, Planet Fitness sees adjusted earnings of 62 cents to 65 cents a share on revenue of $360 million to $370 million. Analysts had forecast earnings of 62 cents a share on revenue of $361.4 million.

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.

From:: Stock Market News

Planet Fitness shares rise on earnings beat, outlook

Planet Fitness Inc. shares rose in the extended session Tuesday after the gym operator topped Wall Street estimates for the quarter. Planet Fitness shares advanced 5.6% to $16.50 after hours. The company reported adjusted first-quarter earnings of 15 cents a share on revenue of $83.3 million. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $78.8 million. For the year, Planet Fitness sees adjusted earnings of 62 cents to 65 cents a share on revenue of $360 million to $370 million. Analysts had forecast earnings of 62 cents a share on revenue of $361.4 million.

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.

From:: Stock Market News

Planet Fitness shares rise on earnings beat, outlook

Planet Fitness Inc. shares rose in the extended session Tuesday after the gym operator topped Wall Street estimates for the quarter. Planet Fitness shares advanced 5.6% to $16.50 after hours. The company reported adjusted first-quarter earnings of 15 cents a share on revenue of $83.3 million. Analysts surveyed by FactSet had forecast earnings of 13 cents a share on revenue of $78.8 million. For the year, Planet Fitness sees adjusted earnings of 62 cents to 65 cents a share on revenue of $360 million to $370 million. Analysts had forecast earnings of 62 cents a share on revenue of $361.4 million.

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.

From:: Stock Market News

Equifax: Write-offs hit 9-year low for first quarter

Write-offs and severe delinquencies are down as numbers hit their lowest in several years. Consumer credit tracker, Equifax states that homeowners are in their best state since well before the recession. …read more

From:: Real Estate Wire

Sindeo hires Deepak Kumar as COO/CFO

Kumar filled Sindeo’s executive position, and now looks to lead the team into new expansion. He brings 20 years experience and a prior history at Fannie Mae to the company. …read more

From:: Real Estate Wire

Florida again leads nation in completed foreclosures

The number of foreclosures may have decreased by almost 15 percent nationwide in March compared to the year-ago period, but Florida still managed to top all states in completed foreclosures for the month, a new report from CoreLogic shows.

The five states with the highest number of completed foreclosures for the 12 months ending in March 2016 were Florida (69,000), Michigan (48,000), Texas (28,000), Georgia (23,000) and California (23,000). These five states accounted for about 41 percent of all… …read more

From:: biz journal foreclosures

Freddie Mac: Mortgage repurchases down 95% from 2010 peak

Thanks to improvements made by lenders to their loan production process and updates to the government-sponsored enterprises’ representation and warranty policies, single-family loan repurchase requests are down 95% from their peak in 2010, according to Freddie Mac. …read more

From:: Real Estate Wire

Real estate stocks get S&P shortlist for investors

Real estate investment trusts are saying so long to being bundled with “financials” in their industry classification, getting their own new category called, no shocker here, “real estate.” Investors demand is expected to surge. Ready. Set. Go. …read more

From:: Real Estate Wire

Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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.

From:: Stock Market News