Oppenheimer Reiterates Outperform on Global Payments (GPN) Following 1Q Report
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Stifel Raises Price Target on Global Payments (GPN) to $76 Following 1Q Report
October 7, 2016 10:05 AM EDTStifel reiterated a Hold rating on Global Payments (NYSE: GPN), and raised the price target to $76.00 (from $75.00) following the company's 1Q earnings report. GPN reported EPS of $0.86, ahead of the consensus estimate of $0.84. With the addition of the bellwether Heartland Payments (HPY) acquisition, GPN grew net revenues 52.2% to $817.3M, which came in ahead of consensus at... More
Pre-Open Stock Movers 10/05: (CPRX) (ACIA) (TWTR) Higher; (IMMU) (ULH) (CRM) Lower (more...)
October 5, 2016 9:20 AM EDTPre-Open Stocks Movers
Immunomedics, Inc., (Nasdaq: IMMU) 27% LOWER; announced that it has priced an underwritten offering of 10,000,000 shares of common stock and warrants to purchase up to 10,000,000 shares of common stock with anticipated gross proceeds of $30 million.
Catalyst Pharmaceutical Partners (NASDAQ: CPRX) 16% HIGHER; Piper Jaffray upgraded from Neutral to Overweight with a price target of $4.00 (from $1.00
Universal Logistics Holdings, Inc. (NASDAQ: ULH) 11% LOWER; Q3 results and... More
Global Payments (GPN) Reports Q1 EPS of $0.86; Boosts Outlook
October 5, 2016 7:00 AM EDTGlobal Payments (NYSE: GPN) reported Q1 EPS of $0.86, versus $0.79 reported last year. Revenue for the quarter came in at $939.5 million, versus $748.8 million reported last year.
Fiscal 2017 Outlook
As a result of our strong first quarter performance and progress with Heartland integration efforts, we... More
Global Payments (GPN) October 80 calls active into Q3 and outlook
October 4, 2016 3:02 PM EDTGlobal Payments (NYSE: GPN) October call option implied volatility is at 45, November is at 34; compared to its 52-week range of 20 to 42 into the expected release of Q3 results on October 5. October 75 and 80 calls are active on total call volume of 1,800 contracts (250 puts).
... MoreTrading Radar for 10/5: Monsanto (MON), Constellation Brands (STZ), Global Payments (GPN) Report
October 4, 2016 2:57 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
8:30am EDT
Trade Balance - Street sees... More