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Category Archives: Company News & Financial Sector

Citigroup Exceeds Q2 Revenue Estimates and Reaches Settlement with DOJ

Citigroup recently posted their Q2 results, which were significantly higher than analysts’ estimates. Thus, the company generated revenues of $19.37 billion – not taking into account credit value adjustments or debt value adjustments—compared to analysts’ predictions of $18.93 billion. Citigroup posted an EPS of $1.24,

Casey’s General Stores Posts Strong Sales for June

Casey’s General Stores reported strong increases in same store sales and gas volumes for June. Strong general trends show how effective the company’s strategic drive has been on internal sales and how well the Hy-Vee Fuel Saver program has impacted gas volume. The average margin

Burberry Continues to Post Double-Digit Comps for Q1

Burberry posted an increase in comps in the low double digits for Q1 thanks to the Americas, Hong Kong, Mainland China and Asia Pacific. Thus, the company posted an increase in comparable sales of 12 percent. However, Burberry only saw an increase in comps in

2014 Solid Organic Growth Predicted for Interpublic

Analysts strongly feel that Interpublic is ready to post solid organic growth for 2014, taking into account the advantages of H1’s accelerating macro climate. No one is surprised regarding Interpublic’s revenue year over year growth of 5 percent or their EPS of $02.5, figures that

Analysts Expect Strong Quarter for HD Supply

Analysts expect HD Supply to post solid quarterly results, with predictions of an 8 to 9 percent organic sales growth rate, compared to the company’s guidance range of 5 to 10 percent, the Street’s consensus of 7.5 percent and a Q1 sales growth rate of

2014 Annual International Monetary Fund Meeting

Rewind to six years back and you may recall the meeting of finance ministers and central bank governors in Washington. It should be recallable because it followed what appeared to be the Second Great Depression. The meeting marked the annual gathering of the International Monetary

Another Strong Quarter for the Descartes Systems Group

The Descartes Systems Group recently posted their quarterly results, which were quite strong. Thus, the group generated service-based revenues that were $1 million over what the Street predicted and their adjusted EBITDA was on par with forecasts. Overall revenues, however, came in slightly lower than

SPX Earnings above Estimates

SPX Corporation recently posted their second quarter results, which came in above estimates. Thus, the company reported earnings from continuing operations that were higher by $0.04 per share, namely at $0.80 compared to $0.76 the previous year, after making adjustments for purchase accounting costs of