Company News: VTR, NHP, TIE, BID, UBS, AMZN, ARGN, PDLI, NVS, KCP, WFR

• Board of Directors of both Ventas, Inc. (NYSE:VTR) and Nationwide Health Properties, Inc. (NYSE:NHP) have approved a definitive merger agreement between the two companies

• Titanium Metals (NYSE:TIE) reported Q4 EPS of $0.13, in line with the Zacks Consensus Estimate of $0.13 per share. Revenues for the quarter rose 18% year-over-year to $217.3 million, lower than the Zacks Consensus Estimate of $219.0 million

• Sotheby’s (NYSE:BID) reported Q4 EPS of $1.38, in line with the Zacks Consensus Estimate of $1.38 per share. Revenues for the quarter rose 46% year-over-year to $318.5 million, above the Zacks Consensus Estimate of $298.0 million

• UBS (NYSE:UBS) downgraded Amazon.com, Inc. (NASDAQ:AMZN) to a ‘neutral’ from a ‘buy’ rating

• On Monday, manufacturer of car seats Amerigon Inc (NASDAQ:ARGN) said it would buy 76.6% of Germany’s WET Automotive Systems AG

• Drug developer PDL BioPharma Inc (NASDAQ:PDLI) said on Monday that it has settled legal disputes with Swiss drug manufacturer Novartis AG (NYSE:NVS)

• Kenneth Cole Productions Inc.’s (NYSE:KCP) announced that its chief executive was leaving, effective immediately. Kenneth Cole Productions Inc sells apparels and shoes

• MEMC Electronic Materials, Inc.’s. (NYSE:WFR) announced plans to sell senior notes worth $500 million. The company makes wafers used by semiconductor and solar industry

UBS AG (UBS): Free Stock Analysis Report
TITANIUM METALS (TIE): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*