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SL Green Realty Reaffirms 2016 FFO Guidance

SL Green Realty Reaffirms 2016 FFO Guidance

SL Green Realty shares were slightly lower after the property company reaffirmed its 2016 guidance funds from operations and provided 2017 earnings-per-share guidance that was below Street estimates. Senior management were to present the forecasts at an annual investor conference on Monday. It still expects 2016 FFO of $8.17 to $8.25, below the $8.30 average estimate from analysts polled by[Read More…]

by December 5, 2016 0 comments Featured
CBS Looking for More Money to Provide Content to Streamers

CBS Looking for More Money to Provide Content to Streamers

CBS is just firmer after the New York Post said the company is playing hard-ball with streaming services, believing streaming services needs CBS more than CBS needs streaming services. In the latest proof of that, DirecTV said it will launch its streaming service on Nov 30 without CBS, although talks with CBS are ongoing. That was the same for Hulu[Read More…]

by November 30, 2016 0 comments Featured
Canadian Banks Seen Posting Higher Operating EPS, Revenue as Quarterly Reports Begin

Canadian Banks Seen Posting Higher Operating EPS, Revenue as Quarterly Reports Begin

Banks in Canada, where the industry is dominated by a handful of major players, will begin reporting quarterly earnings this week, with BMO Capital Markets expecting 4% annual growth in industry cash operating earnings per share. “Our estimates call for positive EPS growth at all of the ‘Big 6′,” said analyst Sohrab Movahedi in an e-mailed note on Monday. The[Read More…]

by November 28, 2016 0 comments Featured
Aurinia Pharmaceuticals Presents Highlights From Positive Trial

Aurinia Pharmaceuticals Presents Highlights From Positive Trial

Aurinia Pharmaceuticals Inc Monday presented highlights from its phase IIb AURA study of voclosporin for the treatment of lupus nephritis saying the drug met its primary endpoint and all secondary endpoints. The data was presented at the American Society of Nephrology Kidney Week 2016 on November 19, 2016. “There is a critical unmet need for an effective therapeutic treatment of[Read More…]

by November 21, 2016 0 comments Featured
Long Bond Holds Higher While Shorter Issues Fall

Long Bond Holds Higher While Shorter Issues Fall

U.S. Treasuries remained mixed Tuesday, consolidating in somewhat calmed trade while the longer-dated issues saw some correction. The long bond has outperformed while the shorter end has been pressured by expectations of impending rate hikes. Prices slipped after a run of reports showed higher-than-expected retail sales, manufacturing, import and export data. A parade of Federal Reserve speakers have, or are[Read More…]

by November 15, 2016 0 comments Business, Featured
Stocks Pull Mostly Lower in US Intraday as Tech Shares Slump

Stocks Pull Mostly Lower in US Intraday as Tech Shares Slump

The main US stock indexes were mostly lower on Monday afternoon as gains posted last week after the election of Republican Donald Trump to the White House weren’t sustained amid weakness in information technology issues that overshadowed gains in financials. Stocks rallied after Trump’s surprise win on outlook for lighter regulations in industries like financials and health care, and pro-growth[Read More…]

by November 14, 2016 0 comments Featured
Quorum Health Posts Narrower Q3 Loss Vs Street

Quorum Health Posts Narrower Q3 Loss Vs Street

Quorum Health rose 11% in Friday’s afternoon trade after it reported financial results for Q3, with narrower-than-expected loss and revenue that topped analysts’ estimates; it also provided revenue guidance for fiscal 2016 in line with forecasts. The operator and manager of general acute care hospitals and outpatient services posted Q3 loss of $0.24 per share, compared with the prior-year period’s[Read More…]

by November 11, 2016 0 comments Daily Dime, Featured