Financial News

Tour Operator TUI Reiterates Full Year 2017 Earnings Forecast After Strong Summer Season

Tour Operator TUI Reiterates Full Year 2017 Earnings Forecast After Strong Summer Season

TUI Group (TUI.FR), Europe’s largest tour operator, reiterated its earnings forecast for the 2017 fiscal year after a strong summer season with higher demand for its hotels and cruises and despite some disruptions from hurricanes to its business in Florida and the Caribbean. The company expects its underlying earnings before interest, taxes and amortization, or EBITA, for the current financial […]

Arista Networks Downgraded by BMO to Market Perform on Valuation

Arista Networks Downgraded by BMO to Market Perform on Valuation

Arista Networks (ANET) received an investment-rating downgrade Thursday to market perform from outperform from BMO Capital Markets, which cited the valuation of the cloud-networking technology company’s stock. The firm kept its price target on the shares at $190 each, which is slightly above their Wednesday closing price of $186.55. BMO noted the shares have soared 93% in the year to […]

L3 Technologies Protests the Fort Rucker Aviation Maintenance Services Award

L3 Technologies Protests the Fort Rucker Aviation Maintenance Services Award

L3 Technologies (LLL) said late Monday that it has filed a protest with the United States Government Accountability Office (GAO) related to the Fort Rucker Aviation Maintenance and Support contract. The company said that it believes its proposal represents the best value to both the military and the U.S. taxpayers. L3 has served as the incumbent contractor at Fort Rucker […]

Invacare Subsidiary Receives Warning Letter Following FDA Inspection of German Facility

Invacare Subsidiary Receives Warning Letter Following FDA Inspection of German Facility

Invacare (IVC) said in a regulatory filing late Monday that its wholly owned subsidiary, Alber GmbH, has received a warning letter from the U.S. Food and Drug Administration following an inspection of Alber’s facility in Albstadt, Germany in May 2017. IVC shares were down 1.2% in the after hours session. The warning letter requires completion of corrective actions to address […]

Actua Sells Three Units for $549 Mln in Cash

Actua Sells Three Units for $549 Mln in Cash

Actua Corporation (ACTA) said on Monday it has entered into separate agreements to sell its three majority-owned businesses for $549 million in cash, including the $195 million sale of FolioDynamic to Envestnet (ENV), to maximize shareholder value. It stock jumped 28% in after-hours trading. The company said it would raise between $472 million and $502 million from the deals, which […]