*PFIZER IS SAID TO BE MYSTERY BIDDER FOR SWEDISH ORPHAN: REUTERS
2015-04-30 14:28:27.342 GMT
--JOSHUA FINEMAN
-0- Apr/30/2015 14:28 GMT
2015-04-30 14:28:27.342 GMT
--JOSHUA FINEMAN
-0- Apr/30/2015 14:28 GMT
CNH Industrial resumes trade: Misses by $0.04, misses on revs; lowers FY15 guidance
Reports Q1 (Mar) earnings of $0.02 per share, $0.04 worse than the Capital IQ Consensus of $0.06; revenues fell 21.0% year/year to $5.96 bln vs the $6.54 bln consensus, down 11% on a constant currency basis.
- Net sales of Industrial Activities were $5.6 billion, down 12% compared to Q1 2014 on a constant currency basis (down 22% on a reported basis).
- Operating profit of Industrial Activities for the quarter was $223 million ($412 million in Q1 2014), with operating margin at 4.0% (5.7% in Q1 2014).
ECB's Coeure has said a Greece T-bill increase might be possible if deal looks likely - press
- Coeure has reportedly indicated to other officials that if Greece talks with creditors make good progress the ECB could consider a T-Bill increase. ECB would also require Greece to show they have other sources of funding before considering the move.
Gapping up
In reaction to strong earnings/guidance: AAC +14.7%, INUV +12.7%, AAWW +9.9%, GTI +9.7%, HDSN +9.6%, FOE +8%, ARII +7.7%, HOS +6.8%, CVEO +6.6%, EQIX +5%, AR +4.9%, RRTS +4.5%, LOCK +3.8%, NCIT +3.5%, ABC +3.4%, SEE +3.1%, PPC +3%, NXPI +2.7%, AFFX +2.6%, ATW +2.5%, O +2.4%, RDWR +2.3%, SHPG +2.3%, HUN +2.2%, ROK +2.2%,QUIK +2%, EROC +2%, NE +1.8%, (light volume), ATTU +1.4%, TEVA +1.3%, DLPH +1.3%, SPRT +1.2%, CSII +0.9%, TWC +0.9%, ARRS +0.8%, ARRS +0.8%, PWE +0.8%
M&A news: WX +16.5% (announces receipt of proposal to acquire all outstanding shares for $46/ADS share in cash), CNSI +10% ( to divest BSS Business to Amdocs (DOX) for total purchase price of $272 mln), GTI +9.9% (Board approved agreement for sale of $150 mln of 7% convertible preferred shares to Brookfield Asset Management (BAM); co entered into a separate letter of intent for a possible tender offer by BAM to acquire GTI shares at $5.05 per share; co also reported earnings), OVTI +5.7% (near deal to be acquired by Hua Capital for ~$29 per share, or $1.68 bln, according to reports ),
Other news: GLUU +24.4% (announced that Tencent (TCEHY) has agreed to purchase 21 million shares of Glu's common stock at a price of $6.00 per share for total consideration of $126 mln; announced partnership with Britney Spears; co also reported earnings), FOE +8% (to acquire global inorganic pigments manufacturer Nubiola; co also reported earnings), SDRL +5.2% (in symp with STO), ESI +3.3% (announces Chief Financial Officer transition and enrollment results), AKAO +2.6% (reaches settlement of its claim with the Defense Threat Reduction Agency), FRPT +2.4% (prices 5,313,351 shares of common stock held by certain stockholders at $21.47 per share)
Analyst comments: SPLS +1.9% (upgraded to Buy from Hold at Jefferies), JBLU +1.7% (upgraded to Outperform from Neutral at Credit Suisse), BWLD +1.7% (upgraded to Outperform from Neutral at Robert W. Baird), ODP +1.6% (upgraded to Buy from Hold at Jefferies ), MDLZ +0.5% (upgraded to Buy from Hold at Deutsche Bank), CCJ +0.5% (upgraded to Outperform from Mkt Perform at Raymond James
)
In reaction to strong earnings/guidance: AAC +14.7%, INUV +12.7%, AAWW +9.9%, GTI +9.7%, HDSN +9.6%, FOE +8%, ARII +7.7%, HOS +6.8%, CVEO +6.6%, EQIX +5%, AR +4.9%, RRTS +4.5%, LOCK +3.8%, NCIT +3.5%, ABC +3.4%, SEE +3.1%, PPC +3%, NXPI +2.7%, AFFX +2.6%, ATW +2.5%, O +2.4%, RDWR +2.3%, SHPG +2.3%, HUN +2.2%, ROK +2.2%,QUIK +2%, EROC +2%, NE +1.8%, (light volume), ATTU +1.4%, TEVA +1.3%, DLPH +1.3%, SPRT +1.2%, CSII +0.9%, TWC +0.9%, ARRS +0.8%, ARRS +0.8%, PWE +0.8%
M&A news: WX +16.5% (announces receipt of proposal to acquire all outstanding shares for $46/ADS share in cash), CNSI +10% ( to divest BSS Business to Amdocs (DOX) for total purchase price of $272 mln), GTI +9.9% (Board approved agreement for sale of $150 mln of 7% convertible preferred shares to Brookfield Asset Management (BAM); co entered into a separate letter of intent for a possible tender offer by BAM to acquire GTI shares at $5.05 per share; co also reported earnings), OVTI +5.7% (near deal to be acquired by Hua Capital for ~$29 per share, or $1.68 bln, according to reports ),
Other news: GLUU +24.4% (announced that Tencent (TCEHY) has agreed to purchase 21 million shares of Glu's common stock at a price of $6.00 per share for total consideration of $126 mln; announced partnership with Britney Spears; co also reported earnings), FOE +8% (to acquire global inorganic pigments manufacturer Nubiola; co also reported earnings), SDRL +5.2% (in symp with STO), ESI +3.3% (announces Chief Financial Officer transition and enrollment results), AKAO +2.6% (reaches settlement of its claim with the Defense Threat Reduction Agency), FRPT +2.4% (prices 5,313,351 shares of common stock held by certain stockholders at $21.47 per share)
Analyst comments: SPLS +1.9% (upgraded to Buy from Hold at Jefferies), JBLU +1.7% (upgraded to Outperform from Neutral at Credit Suisse), BWLD +1.7% (upgraded to Outperform from Neutral at Robert W. Baird), ODP +1.6% (upgraded to Buy from Hold at Jefferies ), MDLZ +0.5% (upgraded to Buy from Hold at Deutsche Bank), CCJ +0.5% (upgraded to Outperform from Mkt Perform at Raymond James
)
Gapping down
In reaction to disappointing earnings/guidance: YELP -18%, GNC -10%, GNRC -8%, PCRX -7.2%, MVIS -5.4%, TKR -5.2%, HBIO -5.1%, FORM -5%, CAMT -4.9%, DXCM -4.2%, FLEX -3.8%, BIDU -3.6%, KEX -3.5%, CRR -3.3%, SFLY -3.2%, NGD -2.9%, EPD -2.9%, HEES -2.8%, CAVM -2.7%, POT -2.6%, LPLA -2.6%, TEX -2.5%, DYAX -2.4%, USLM -2.2%, UFS -2.1%,LXRX -1.9%, (announces one for seven reverse stock split effective May 20, 2015), BLKB -1.9%, CBT -1.9%, CL -1.9%, CELG -1.9%, LNC -1.7%, XL -1.6%, AVP -1.4%, ROG -1.3%, KEG -1.3%, ORN -1.3%, ASH -1.2%, MUR -1.2%, POWI -1%, VRTX -0.8%, SU -0.8%, SCG -0.8%
M&A news: FLEX -3.8% (to acquire Mirror Controls International from private equity firm Egeria )
Other news: INO -10.7% (announces a public offering of common stock), ALU -6% (in reaction to NOK earnings), ADXS -4% ( proposed public offering of common stock), STNG -4% ( announces public offering of 15 mln common shares ), NBG -3.6% (cont uncertainty in Greece), RIO -2.1% (in symp with VALE), TRN -1.1% (disclosed it received a subpoena April 28 from the DoJ; is also aware that multiple law firms have recently filed purported class action lawsuits ), AAPL -0.5% (reports of Apple Watch issues)
Analyst comments: AGIO -3.1% (downgraded to Hold from Buy at Canaccord Genuity ), PAG -1.3% (downgraded to Sell from Neutral at Goldman
)
In reaction to disappointing earnings/guidance: YELP -18%, GNC -10%, GNRC -8%, PCRX -7.2%, MVIS -5.4%, TKR -5.2%, HBIO -5.1%, FORM -5%, CAMT -4.9%, DXCM -4.2%, FLEX -3.8%, BIDU -3.6%, KEX -3.5%, CRR -3.3%, SFLY -3.2%, NGD -2.9%, EPD -2.9%, HEES -2.8%, CAVM -2.7%, POT -2.6%, LPLA -2.6%, TEX -2.5%, DYAX -2.4%, USLM -2.2%, UFS -2.1%,LXRX -1.9%, (announces one for seven reverse stock split effective May 20, 2015), BLKB -1.9%, CBT -1.9%, CL -1.9%, CELG -1.9%, LNC -1.7%, XL -1.6%, AVP -1.4%, ROG -1.3%, KEG -1.3%, ORN -1.3%, ASH -1.2%, MUR -1.2%, POWI -1%, VRTX -0.8%, SU -0.8%, SCG -0.8%
M&A news: FLEX -3.8% (to acquire Mirror Controls International from private equity firm Egeria )
Other news: INO -10.7% (announces a public offering of common stock), ALU -6% (in reaction to NOK earnings), ADXS -4% ( proposed public offering of common stock), STNG -4% ( announces public offering of 15 mln common shares ), NBG -3.6% (cont uncertainty in Greece), RIO -2.1% (in symp with VALE), TRN -1.1% (disclosed it received a subpoena April 28 from the DoJ; is also aware that multiple law firms have recently filed purported class action lawsuits ), AAPL -0.5% (reports of Apple Watch issues)
Analyst comments: AGIO -3.1% (downgraded to Hold from Buy at Canaccord Genuity ), PAG -1.3% (downgraded to Sell from Neutral at Goldman
)
- Airbus 1Q Rev. Misses Est; 2015 Forecast Confirmed
- Malaysia Air Exploring ‘Various Options’ for Airbus A380
-ve point is that Airbus could be a USD proxy for some investors, but most of the correction on th USD is done for me.
Exxon Mobil beats by $0.34, beats on revs
Reports Q1 (Mar) earnings of $1.17 per share, excluding non-recurring items, $0.34 better than the Capital IQ Consensus Estimate of $0.83; revenues fell 36.4% year/year to $67.62 bln vs the $63.68 bln consensus.
- During the quarter, ExxonMobil produced 4.2 mln oil-equivalent barrels per day, an increase of 97,000 barrels per day over the first quarter of 2014. Volumes were up 2.3%, benefiting from new developments in Papua New Guinea, Canada, Angola, Indonesia, and U.S. onshore liquids plays. Field decline and maintenance impacts were mostly offset by higher entitlement volumes
-
The U.S. Upstream operations recorded a loss of $52 million, down $1.3 billion from the first quarter of 2014. Non-U.S. Upstream earnings were $2.9 billion, down $3.6 billion from the prior year.
- On an oil-equivalent basis, production increased 2.3 percent from the first quarter of 2014. Liquids production totaled 2.3 mln barrels per day, up 129,000 barrels per day, while natural gas production was 11.8 bln cubic feet per day, down 188 mln cubic feet per day from 2014. Project ramp-up and entitlement effects were partly offset by field decline and maintenance activities.
Undoing a swipe on Tinder is a privilege worth paying for.
That’s what more than 250,000 prowlers across the global dating scene have already decided since the red-hot hookup app launched a paid version of its service last month, according to numbers released this week.
Billionaire Barry Diller’s IAC Interactive Corp., whose Match Group unit owns Tinder as well as dating sites like Match.com and OKCupid, said the ranks of paying subscribers to its dating sites topped 4 million in the most recent quarter.
That’s an increase of more than 500,000 subscribers in the quarter, more than twice the gain many analysts had expected.
“Payment and renewal rates (for Tinder) came in solidly against expectations,” Match Group chairman Greg Blatt said.
More than half of that bigger-than-expected gain came from new subscriptions to Tinder Plus, execs said. Cowen & Co. reckons 276,000 Tinder Plus subscriptions have been sold since the March 2 launch, generating about $3 million in revenue.
That’s less than 1 percent of Tinder’s global base of about 32 million monthly active users, Cowen analyst John Blackledge noted.
“Over time we believe Tinder could achieve similar or higher free to paid penetration levels to OkCupid,” Blackledge wrote, estimating that OkCupid’s paying subscribers are a high-single-digit percentage of the whole.
Launched in early March, the new service gives users the ability to undo “swipes” and past profiles that may have been made in haste. The service also has a “Passport” feature that allows a larger search area.
“We think [Tinder] has reached unmatched global scale in terms of its user base,” Barclays analyst Chris Merwin said, estimating that the app has the potential to generate between $10 million and $12 million a quarter.
--> +ve for AIrbus, stock traded on its 50d MA...still abuy here...
BN 04/30 09:48 *MALAYSIA AIR ISSUES E-MAIL STATEMENT ON FLEET RESTRUCTURING
BN 04/30 09:47 *MMALAYSIA AIR HAS HELD PRELIMINARY TALKS WITH `SEVERAL PARTIES'
BN 04/30 09:47 *MALAYSIA AIR EXPLORING `VARIOUS OPTIONS' FOR AIRBUS A380
BN 04/30 09:47 *MALAYSIA AIRLINES STILL FINALIZING NETWORK, FLEET PLAN
BN 04/30 09:47 *MMALAYSIA AIR HAS HELD PRELIMINARY TALKS WITH `SEVERAL PARTIES'
BN 04/30 09:47 *MALAYSIA AIR EXPLORING `VARIOUS OPTIONS' FOR AIRBUS A380
BN 04/30 09:47 *MALAYSIA AIRLINES STILL FINALIZING NETWORK, FLEET PLAN
Malaysia Air Exploring ‘Various Options’ for Airbus A380
2015-04-30 09:51:35.696 GMT
By Elffie Chew
(Bloomberg) -- Co. issues e-mailed statement to Bloomberg
News on fleet restructuring, plans for A380.
* Malaysia Airlines has held “preliminary discussions” with
several parties as part of options for A380
Note: Turkish Air Said to Consider Leasing A380s From Malaysia
Air: Link
--With assistance from Kyunghee Park in Singapore.
Link to Company News:{AIR FP <Equity> CN <GO>}
Link to Company News:{KNBZ MK <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
To contact the editor responsible for this story:
Anand Krishnamoorthy at +65-6212-1165 or
anandk@bloomberg.net
2015-04-30 09:51:35.696 GMT
By Elffie Chew
(Bloomberg) -- Co. issues e-mailed statement to Bloomberg
News on fleet restructuring, plans for A380.
* Malaysia Airlines has held “preliminary discussions” with
several parties as part of options for A380
Note: Turkish Air Said to Consider Leasing A380s From Malaysia
Air: Link
--With assistance from Kyunghee Park in Singapore.
Link to Company News:{AIR FP <Equity> CN <GO>}
Link to Company News:{KNBZ MK <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
To contact the editor responsible for this story:
Anand Krishnamoorthy at +65-6212-1165 or
anandk@bloomberg.net