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Markets

New York, Atlanta Fed Raise Second-Quarter GDP Forecasts

Two Federal Reserve branches on Friday offered up higher forecasts for economic growth in the second quarter from their prior-week expectations. The New York Fed said it now expects gross domestic product growth of 1.4% in the current quarter, up four basis points from last week’s forecast. The bank also raised its third-quarter view to 1.7%, also up four basis […]

(AP)
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Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)
Markets

Ciena’s Market Share Seen Poised for Expansion as Morgan Stanley Raises Price Target

Morgan Stanley raised its price target on telecommunications network supplier Ciena (CIEN) on Friday, citing more optimistic earnings expectations and the investment bank’s belief that the company’s market share will continue to grow. “Given the strength of CIEN’s results and traction with new wins in telco, we are raising estimates,” equity analysts Meta Marshall and James Faucette said in a […]

Analysis / Analyst Views / Equity Movers / Featured / Markets / Stock News

Conn’s Fiscal Q1 Adjusted EPS Beats, Revenue Misses Forecasts; Initiates $75 Mln Stock Repurchase Program

Conn’s (CONN), a retailer selling furniture, appliances and other home products, reported pre-market Friday fiscal Q1 adjusted earnings of $0.58 per share compared with $0.40 per share in the same period last year. Analysts surveyed by Capital IQ were anticipating adjusted EPS of $0.53. Revenue for the period ending April 30 came in at $353.5 million, down from $358.4 million […]

Viacom Reports Mixed Second Quarter as ‘Bumblebee’, ‘What Men Want’ Boost Theatrical Revenue
Markets

Viacom Reports Mixed Second Quarter as ‘Bumblebee’, ‘What Men Want’ Boost Theatrical Revenue

Viacom (VIA, VIAB) reported mixed fiscal second quarter results on Friday, with an unexpected gain in adjusted earnings but revenue that came in below expectations for the parent company of MTV, Nickelodeon and Paramount Pictures.  Revenue fell 6% to $2.96 billion, missing the consensus on Capital IQ for $3.06 billion. Adjusted earnings rose to $0.95 a share from $0.92 in […]