Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks Maintain Gains by US Close on Support From Oil Price Rally, Earnings

Stocks in the US stayed stronger by the close on Wednesday as oil prices gained and stronger earnings reports added lift, although a slide in Intel (INTC) after its financials constrained some of the gains. The Nasdaq, where Intel trades, underperformed the other benchmarks, as the chipmaker ended 5.9% lower. It was also the worst performer among the blue chips on the Dow Jones Industrial Average. American Express (AXP) posted […]

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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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Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent Gains After-Hours on Stronger-than-Expected Q3 Results, Boosted Share Buyback Authorization

Exponent (EXPO) advanced in extended trading on Wednesday after the engineering and scientific consulting firm reported stronger-than-expected Q3 results, added to its current share buyback authorization, and maintained its quarterly dividend. EPS decreased to $0.42 in the September quarter, from $0.43 in the year-ago period, beating the $0.34 average estimate of analysts polled by Capital IQ. Q3 revenue declined 2% to $77.6 million year-over-year, but topped the analyst consensus of […]

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Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp (HBNC), a commercial bank holding company, declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on Oct. 31, the record date, will be entitled to receive an additional half share for each share of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would […]

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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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