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TransUnion Posts Higher-than-Expected Q3 Results, Raises FY16 Guidance

TransUnion (TRU), a risk and information solutions provider, reported higher-than-expected results in Q3 and raised its full-year guidance. Adjusted EPS increased to $0.38 in the September quarter from $0.30 in the year-ago period. That result topped the $0.36 average estimate of analysts polled by Capital IQ. Q3 revenue increased 12%Read More

Franklin Electric Q3 Earnings Meet Views, Revenues Shy; Narrows FY EPS Guidance

Franklin Electric Co (FELE) reported Q3 adjusted earnings of $0.48 per share, up from $0.45 a year ago and in line with the average estimate from analysts polled by Capital IQ. Revenue rose 3% to $239.8 million and missed the $243.6 million consensus. “As we look forward to the fourthRead More

European ADRs Fractionally Lower as Pharma, Telecom Stocks See Mixed Fortunes

American depository receipts of European stocks were 0.3% lower at 118.61 on the Bank of New York Mellon Europe ADR Index on Tuesday morning. Decliners in Continental Europe were led by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, 4.1% lower, followed by Novartis (NVS), a Swiss company which manufacturesRead More

Bonds Drop as Data, Equities Improve – 10-Year 1.77%

U.S. Treasuries turned lower Monday as manufacturing data improved and equity markets headed higher. St. Louis Federal Reserve President James Bullard reiterated that one 25 basis point rate hike was on the table as inflation and jobs data are near target levels, but he offered no hint on timing. FallingRead More

MidEast Shares Mixed, Egypt Drops Amid Dollar Shortage Worries

Middle East stocks were mixed, with Egypt dropping again amid a chronic dollar shortage. In company news, Alujain said it would distribute a dividend of 0.5 riyal per share for 2016 – its first dividend since 1998. Jarir Marketing’s Chairman Muhammad Alagil told Reuters the retail sector’s slump might beRead More

Genworth Financial Tumbles 5% on $2.7 Bln Takeover Deal with China Oceanwide; Unveils Preliminary Charges for Q3

Genworth Financial Inc (GNW) shares were 5% lower Monday morning after the provider of mortgage insurance products entered into a definitive agreement to be acquired by China Oceanwide in a transaction valued at $2.7 billion, or $5.43 per share in cash. The acquisition will be completed through Asia Pacific GlobalRead More