Elbit Imaging Reports Wider Q3 Loss Vs. Year Ago

Elbit Imaging Reports Wider Q3 Loss Vs. Year Ago

Elbit Imaging fell 1.4% in Friday’s afternoon trade after the company said that for Q3, its loss widened from the prior year period even as revenue rose 42.5% year-over-year. The real estate company posted a Q3 net loss of ILS35.6 million or about $9.3 million, widening from the prior-year period’s loss of ILS2.4 million. Revenue was ILS44.6 million, up from ILS31.3 million in the same quarter last year.

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Golar LNG Jumps 12%

Golar LNG Jumps 12%

Shares of Golar LNG were up Wednesday morning after the company reported a Q3 net loss that narrowed sharply from a year earlier with revenues beating forecasts compiled by Capital IQ. The operator of natural gas shipping carriers said Q3 net loss narrowed to $23.9 million from a loss of $143.0 million in the year-ago quarter. Revenues totaled $22.3 million, sliding from $24.3 million but above the $17.3 million consensus. […]

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Rally Stalls as Lower Oil Futures, Strengthening Dollar Weighs

Rally Stalls as Lower Oil Futures, Strengthening Dollar Weighs

Stocks were trading mostly lower in midday trade on Wednesday as investors cashed in on some post-Election Day gains, bringing a seven-day run in the Dow Jones Industrial Average to a quiet end. The financial sector was leading decliners among the eleven S&P 500 sectors, while technology shares continued to outperform and recoup last week’s heavy losses. The strengthening dollar’s impact on U.S. multinationals also helped put the brakes on […]

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HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI (HNI) rose marginally in Wednesday’s late trading after the company reported financial results for Q3, with better-than expected earnings and revenue; it also provided guidance for Q4, fiscal 2016 and fiscal 2017. For the quarter ended Oct. 1, the provider of office furniture and hearth products posted Q3 non-GAAP earnings of $0.80 per share, compared with the prior-year period’s $0.93 per share. Analysts polled by Capital IQ were expecting […]

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Consumer Stocks Maintain Much of Day-Long Advance

Consumer Stocks Maintain Much of Day-Long Advance

Consumer stocks were higher shortly before Friday’s closing bell, with shares of consumer staples companies adding about 0.6% while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.8%. In company news, Dicks Sporting Goods (DKS) was narrowly higher this afternoon, with the retailer’s shares reversing a morning and early-afternoon retreat that followed reports it won an auction to buy the U.S. business of Golfsmith International Holdings […]

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