- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Boston Beer Co Inc’s (NYSE:SAM) Q2 earnings fell 49 percent because of a previous year’s glass recall settlement gain and as the Sam Adams brewer raised spending on brand investments and saw an increase in barley costs, although shipments were also higher. Shares decreased 9.5 percent to $96.47 after hours, as sales and adjusted earnings growth missed Wall Street expectations. Shares of Boston Beer Co Inc are trading 0.13% higher today.
Don’t Miss: What Has Tiffany’s and Best Buy SMILING?
Lexmark International Inc (NYSE:LXK): Today, the company stated that it will leave its inkjet printer business and cut 1,700 jobs globally in an attempt to save roughly $95 million annually. The company, which is a former spinoff from IBM, is stuck in a cut-throat inkjet printer market featuring HP and Canon as No. 1 and No. 2, respectively. According to Lexmark, it will provide supplies, service, and support to its inkjet installed base. The move allows Lexmark to place its focus on high-value imaging and software, the company claimed in a statement. Shares of Lexmark International Inc are trading 13.73% higher today.
PVH Corp (NYSE:PVH) reported an outstanding bottom-line performance in Q2 of fiscal 2012, with adjusted earnings per share seeing about a 17 percent rise year over year to $1.25, beating its own guidance range of $1.18 – $1.20. The year-over-year rise in earnings per share was mainly driven by a lower effective tax rate. Furthermore, it surpassed the Zacks Consensus Estimate of $1.19 per share. Shares of PVH Corp are trading 4.92% higher today.
Hudson City Bancorp, Inc. (NASDAQ:HCBK): Three weeks ago, Ronald Hermance returned to work after taking a six-month medical leave for a a bone marrow transplant, perfect timing to oversee the final negotiations resulting in a $3.7 billion deal with Buffalo-based M&T Bank Corp. which will signify the end of a banking era in New Jersey. “This is great medicine for me,” Hudson City Bancorp Chairman and CEO Hermance stated on Monday in a phone interview, after he and M&T officials hosted a conference call with analysts in order to discuss the deal, which caused Hudson City’s stock to see a 16 percent boost. Shares of Hudson City Bancorp, Inc. are trading 2.08% lower today.
General Electric Co. (NYSE:GE) along with Sprint Nextel Corp. (NYSE:S) joined other companies in leaving the American Legislative Exchange Council after the group revealed its support of voter-identification and self-defense laws. Spokesmen for both companies stated yesterday that they are ending their membership with the Washington-based public policy organization, which charged corporations up to $25,000 and allowed them to assist in writing bills that some lawmakers then tried to enact in their home states.
Don’t Miss: Apple is WINNING!
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.