Mercury Systems Tops Q2 Expectations

Mercury Systems Tops Q2 Expectations

Mercury Systems rose in extended trading on Monday after the aerospace and defense company guided for upbeat earnings and revenue for the current quarter, while reporting higher-than-expected results for the most recent quarter. Shares increased more than 6%. Adjusted EPS rose to $0.30 in the three months ended Dec. 31, from $0.23 a year earlier. Analysts had expected $0.25 on average, according to Capital IQ estimates. Q2 revenue rose to […]

Read More ˃
DryShips Buys First Very Large Gas Carrier

DryShips Buys First Very Large Gas Carrier

DryShips said it has acquired one very large gas carrier currently under construction at Hyundai Heavy Industries for $83.5 million that will be employed by an unnamed large oil company. The employment is a fixed rate time charter with five years firm duration, with options to extend the employment by up to three years. The company expects a total gross backlog associated with this time charter of up to $92.7 […]

Read More ˃
European ADRs Edge Lower

European ADRs Edge Lower

American depository receipts of European stocks were 0.5% lower at 121.75 on the Bank of New York Mellon Europe ADR Index on Thursday morning. Decliners in Continental Europe were led by Luxottica (LUX), an Italian eyewear company, 2.4% lower, followed by Edap (EDAP), a French medical devices developer, down by 1.8% and Novartis (NVS), a Swiss company which manufactures healthcare products, 1.7% lower. Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical […]

Read More ˃
Renasant Q4 EPS Meets Views, Revenue Misses

Renasant Q4 EPS Meets Views, Revenue Misses

Renasant, a bank holding company, reported late Tuesday Q4 net income of $0.55 per share, up from $0.52 per share in the prior year period. Capital IQ provided a Street consensus of $0.55 per share. Revenues were $108.1 million, up from $103.8 million reported for the same period last year but came in lower than the $114 million Street estimate. Separately, the bank also said that it has entered into […]

Read More ˃
Financial Stocks Weighing on Broader Markets

Financial Stocks Weighing on Broader Markets

Financial stocks were sharply lower Tuesday, with the NYSE Financial Sector Index sinking about 1.6% and financial companies in the S&P 500 Index also dropping about 1.6%. In company news, Payment Data Systems (PYDS) was little changed in recent trade, starting to again retrace earlier declines that followed the Nasdaq stock exchange late last week warning the electronic payments processor it was at risk of having its stock delisted after […]

Read More ˃