China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai’s LKN Investment International To Sell 60% Interest in Copthorne Hotel Qingdao for $32.5 Mln

China Yuchai International (CYD) said Tuesday that LKN Investment International Pte. Ltd.,a wholly-owned subsidiary of HL Global Enterprises Limited, entered into a conditional equity transaction agreement, together with a supplemental agreement, to sell its 60% equity interest in Copthorne Hotel Qingdao Co., Ltd to Qingdao Haiyi Jun Zhuo Culture Travel Property Investment Co Ltd. China Yuchai has a 48.9% equity interest in HL Global Enterprises. The consideration for the proposed […]

Read More ˃
Diebold Nixdorf Posts Q2 Beat

Diebold Nixdorf Posts Q2 Beat

Diebold Nixdorf shares were higher 5.4% in pre-market trade after the company reported financial results for Q2, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2017 in line with Street estimates. The provider of connected commerce services, software and technology posted non-GAAP earnings of $0.08 per share, compared with the prior-year period’s $0.43 per share. Analysts polled by Capital IQ were expecting EPS of […]

Read More ˃
J.M Smucker Posts Fiscal Q4 Beat

J.M Smucker Posts Fiscal Q4 Beat

The J.M. Smucker Company reported pre-market Thursday fiscal Q4 results that were better-than-expected and issued in line guidance on FY18 earnings per share. For the quarter ended April 30, adjusted EPS was $1.80 per share, down from $2.23 per share a year earlier but above the $1.72 per share consensus of analysts polled by Capital IQ. Net sales totaled $1.78 billion, down 1% from a year earlier but narrowly above […]

Read More ˃
HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI (HNI) rose marginally in Wednesday’s late trading after the company reported financial results for Q3, with better-than expected earnings and revenue; it also provided guidance for Q4, fiscal 2016 and fiscal 2017. For the quarter ended Oct. 1, the provider of office furniture and hearth products posted Q3 non-GAAP earnings of $0.80 per share, compared with the prior-year period’s $0.93 per share. Analysts polled by Capital IQ were expecting […]

Read More ˃
Consumer Stocks Maintain Much of Day-Long Advance

Consumer Stocks Maintain Much of Day-Long Advance

Consumer stocks were higher shortly before Friday’s closing bell, with shares of consumer staples companies adding about 0.6% while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.8%. In company news, Dicks Sporting Goods (DKS) was narrowly higher this afternoon, with the retailer’s shares reversing a morning and early-afternoon retreat that followed reports it won an auction to buy the U.S. business of Golfsmith International Holdings […]

Read More ˃