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Paul Ausick

Weak Outlook Hammers Fusion-io Shares

Courtesy Fusion-io Inc.Storage technology company Fusion-io Inc. (NYSE: FIO) managed to beat the consensus estimate for an earnings per share (EPS) loss of $0.11 in its first fiscal quarter of 2014, but revenue was…

Paul Ausick · 13 years ago

Symantec CEO Takes the Blame for Poor Results

ThinkstockShares of Symantec Corp. (NASDAQ: SYMC) tumbled nearly 13% in after-hours trading on Wednesday after the company announced that third-quarter revenues did not meet the consensus estimate. The security software firm also lowered its…

Paul Ausick · 13 years ago

Natural Gas Supply Higher Than Expected

thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 87 billion cubic feet for the week ending October 18, compared with an expected build of about 78…

Paul Ausick · 13 years ago

U.S. Flash PMI for October Could Have Been Worse

ThinkstockThe U.S. purchasing managers’ index (PMI) flash reading for October came in a 51.1, just barely a positive reading and the lowest level for the index in the past 12 months. A Bloomberg survey…

Paul Ausick · 13 years ago

Join Carl Icahn’s Club, Get More Spam

ThinkstockAs promised Wednesday afternoon, we have all been treated to the Thursday morning launch of a new website from Carl Icahn and Icahn Enterprises L.P. (NASDAQ: IEP). And also as promised, Icahn posts his…

Paul Ausick · 13 years ago

Goldcorp Earnings Break Pattern of Recent Misses

ThinkstockGoldcorp Inc. (NYSE: GG) reported third-quarter 2013 earnings before markets opened Thursday morning. The gold miner posted adjusted earnings per share (EPS) of $0.23 on adjusted revenues of $1.2 billion. In the same period…

Paul Ausick · 13 years ago

Xerox Earnings Will Not Make Up for Lowered Guidance

courtesy of XeroxXerox Corp. (NYSE: XRX) reported third-quarter 2013 results before markets opened Thursday morning. The business technology firm posted adjusted diluted earnings per share (EPS) of $0.26 on revenues of $5.3 billion. In…

Paul Ausick · 13 years ago

PulteGroup Posts Big Earnings on Tax Gain

ThinkstockPulteGroup Inc. (NYSE: PHM) reported third-quarter 2013 results before markets opened Thursday morning. The home builder posted adjusted diluted earnings per share (EPS) of $0.45 on revenues of $1.58 billion. In the same period…

Paul Ausick · 13 years ago

Ford on Track for New High Following Earnings

Courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) reported third-quarter 2013 results before markets opened Thursday morning. The automaker posted adjusted diluted earnings per share (EPS) of $0.45 on revenues of $36.0 billion. In…

Paul Ausick · 13 years ago

Market Turmoil Upends PotashCorp Earnings

thinkstock Potash Corp. of Saskatchewan Inc. (NYSE: POT) reported third-quarter 2013 results before markets opened Thursday morning. The fertilizer maker posted diluted earnings per share (EPS) of $0.41 on revenue of $1.5 billion. In…

Paul Ausick · 13 years ago

Symantec Slashes Guidance, Investors Slash Stock Price

ThinkstockSymantec Inc. (NASDAQ: SYMC) reported second fiscal quarter 2014 results after markets closed on Wednesday. For the quarter, the network security software maker posted adjusted diluted earnings per share (EPS) of $0.50 on revenues…

Paul Ausick · 13 years ago

Wednesday Closing Bell: China Concerns Weigh on Markets Today

October 23, 2013: U.S. markets opened lower Wednesday morning as U.S. investors followed their international counterparts in worrying about a possible tightening of China’s monetary policy. China’s banks were also reported to have tripled…

Paul Ausick · 13 years ago

Gearing Up for Cyber Monday at FedEx

Adrian Pingstone, via Wikimedia CommonsPackage delivery service FedEx Corp. (NYSE: FDX) said on Wednesday that it expects a 13% increase in global shipments during its busiest week of the year. That would be from…

Paul Ausick · 13 years ago

Your Next IPO Investment: Twitter or Alibaba?

Courtesy Alibaba GroupWith Twitter Inc. executives and bankers preparing for Friday’s kick-off to the roadshow they hope will convince investors that the company’s nominal initial public offering (IPO) valuation of around $12.8 billion is…

Paul Ausick · 13 years ago

Corning’s Preliminary Earnings Overshadowed by Samsung Deal

courtesy of SamsungCorning Inc. (NYSE: GLW) reported preliminary third-quarter 2013 results after markets closed Tuesday night. The company said it was doing so to “facilitate communications with investors” regarding agreements the company made with…

Paul Ausick · 13 years ago

Real Estate Merger to Create Largest Net Lease REIT, Boost Dividends

ThinkstockWednesday morning brought the announcement of a merger between American Realty Capital Properties Inc. (NASDAQ: ARCP) and Cole Real Estate Investments Inc. (NYSE: COLE). That will create a single company with an enterprise value…

Paul Ausick · 13 years ago

U.S. Crude Supply Gains Push Prices Down

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5.2 million barrels last week, maintaining a total U.S. commercial crude inventory to 379.8…

Paul Ausick · 13 years ago

A Small Gain for Home Prices: FHFA

ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.3% sequentially in the month of August. Compared with August 2012, the house price index has gained 8.5%. The FHFA…

Paul Ausick · 13 years ago