Wedbush Cuts Price Target on Trex (TREX) Following 2Q Results
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Unusual 11 Mid-Day Movers 8/3: (GAI) (LXRX) (VTL) Higher; (ABGB) (LINE) (CVEO) Lower
August 3, 2015 12:57 PM EDTGlobal-Tech Advanced Innovations (Nasdaq: GAI) 90.4% HIGHER; announced that its Board of Directors (the Board) has received an unsolicited preliminary non-binding proposal letter, dated August 1, 2015, from Mr. John C.K. Sham, President and Chief Executive Officer of the Company, and certain of his controlled or affiliated entities (collectively, the Acquirer), proposing a potential offer to acquire all of the outstanding common shares of the Company (the Offer) not already beneficially owned or controlled by the Acquirer for $8.75 in cash per share.
Trex (TREX) Misses Q2 EPS by 2c
August 3, 2015 7:31 AM EDTTrex (NYSE: TREX) reported Q2 EPS of $0.58, $0.02 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $137 million versus the consensus estimate of $137.54 million.
Trex sees Q3 2015 revenue of $96.0 million, versus the consensus of $111.3 million.
For earnings history and earnings-related data on Trex (TREX) click here.
... MoreTrading Radar for 7/31: Loews (L), Clorox (CLX), Tenet Healthcare (THC), Broadsoft (BSFT) Report
July 31, 2015 3:34 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
ArcBest (Nasdaq: ARCB) - consensus EPS $0.76
Array Biopharma (Nasdaq: ARRY) - consensus loss $0.16
Boardwalk Pipeline Partners (NYSE: BWP) - no Street consensus
Broadsoft (Nasdaq:... More
