Lower Tax Rate and Buyback Help General Dynamics (GD) Increase EPS Guidance; RBC Capital Raises Price Target to $169
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Market Wrap: FOMC Hints as 2015 Hike; Icahn Gets Active on AIG; GoPro Q3 Misses Mark
October 28, 2015 5:55 PM EDTMarket wrap for October 28th
End of the Day: S&P 500 up 24.5 to 2,090.35; Dow Jones up 198.1 to 17,778.52; Nasdaq up 65.5 to 5,095.69
Market Brief: Markets slipped and rebounded following FOMC suggestion that there might be a rate hike with the last meeting of the year.
Carl Icahn said he took a stake in AGI and sought to split the company into three.
GoPro fell late Wednesday as Q3 results missed expectations.
Diamond Foods will be acquired by Snyder's-Lance.
Crude rose 6.3 percent to $45.94 per... More
General Dynamics (GD) Tops Q3 EPS by 15c
October 28, 2015 7:34 AM EDTGeneral Dynamics (NYSE: GD) reported Q3 EPS of $2.28, $0.15 better than the analyst estimate of $2.13. Revenue for the quarter came in at $7.99 billion versus the consensus estimate of $7.83 billion.
"General Dynamics had another solid quarter," said Phebe Novakovic, chairman and chief executive officer. "This is our fourth consecutive quarter with more than $1 billion in operating earnings,... More
Trading Radar for 10/28: GoPro (GPRO), Walgreens Boots (WBA), Western Digital (WDC), Marriott (MAR) Report
October 27, 2015 2:35 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
Earnings:
AAC Holdings (NYSE: AAC) - consensus EPS $0.16
ACCO Brands Corporation (Nasdaq: ACCO) - consensus EPS $0.27
ADP (NYSE: ADP) - consensus EPS $0.66
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.53
Anthem (NYSE: ANTM) - consensus... More
