Briefing.com - 6 minutes agoTesla Motors (TSLA $101.55 -1.84) The company announced "After a careful examination, we have concluded that some Model S vehicles manufactured between May 10, 2013 and June 8, 2013 may contain a defect. Specifically, the attachment strength of the mounting bracket for the left hand latch of the second row seat could be weaker than intended. This reduces our confidence that the left hand seat back...
Briefing.com - 8 minutes agoTetra Tech (TTEK $23.90 -2.83) announced an update of its third quarter 2013 outlook to reflect increased restructuring costs resulting from the previously announced weakness in Eastern Canada and mining, and new findings on certain project claims. Tetra Tech plans to incur restructuring costs associated with its Eastern Canadian and mining operations in the third quarter 2013. These costs are now...
MarketWatch - 9 minutes agoNEW YORK (MarketWatch) -- Oil traders often exploit the differences in benchmark prices to get discounts on their purchases, The Wall Street Journal reported in a story Wednesday. In the report, oil traders admit to selling oil at a discount to help drive down benchmark prices, as measured by Platts, and then buying back larger quantities of oil at a discount. While the traders claim the tactic is not manipulative, the report comes as the European Union launches an investigation into oil price manipulation. To prove wrongdoing, EU regulators must show that traders intended to mislead the market. Read the full story in the Journal.
Briefing.com - 10 minutes agoLa-Z-Boy (LZB $19.91 -0.37) reported fourth quarter earnings of $0.30 per share, which were better than expected, while revenues rose 9.8% year/year to $359.5 million which were in line with expectations.. The company stated, "We are confident the integrated retail model developed over the last several years is the right strategy to take our company forward to deliver profitable growth. Our operat...
Briefing.com - 10 minutes ago
Briefing.com - 11 minutes agoAdobe Systems (ADBE $46.18 +2.82) reported earnings of $0.36 which were better than expected and revenues of $1.01 bln, which fell 10.1% YoY and were were within expectations. (On May 6th, Co reaffirmed Q2 EPS guidance of $0.29-0.35 with revenues of $975 mln - 1.025 bln). Operating income was $111.3 mln and net income was $76.5 mln on a GAAP basis. Operating income was $247.3 mln and net income w...
Briefing.com - 12 minutes ago
Reports Q4 (May) earnings of $2.13 per share, $0.18 better than the Capital IQ Consensus Estimate of $1.95; revenues rose 3.6% year/year to $11.4 bln vs the $11.45 bln consensus. Co issues downside guidance for FY14, sees EPS +7-13% to ~$6.67-7.04 vs. $7.30 Capital IQ Consensus Estimate.
FedEx Express Segment for Q4
Revenue of $6.98 billion, up 3% from last year's $6.80 billion
Adjusted operat...
Briefing.com - 17 minutes ago
Briefing.com - 20 minutes agoCo announces that it has entered into a letter of intent to acquire Universal Printing Company located in St. Louis, Missouri. Terms of the transaction were not disclosed.Commentary: "Universal Printing Company is an extremely well run company which will further expand our capabilities and footprint in the Midwest as we continue to build on our industry leading position..."
Briefing.com - 20 minutes agoCo announced that Institutional Shareholder Services (ISS), a proxy voting advisory service, has changed its previous recommendation and is advising its clients to support Management's proposal to adopt new by-laws relating to advanced notice provisions.
