Shares of metals company Allegheny Technologies Incorporated (NYSE: ATI) jumped as much as 11.1% in trading Tuesday after the company report first-quarter 2017 earnings. As of 3:50 p.m. EDT, the stock had settled to a 10.3% gain. Revenue was up 14% from a year ago to $865.9 million, and net income was $17.5 million, or $0.16 per share.
Shares of truck rental and "transportation solutions" company Ryder System (NYSE: R) are tumbling, down 12.2% as of 2 p.m. EDT. It was an earnings report that sent Ryder low. Tuesday morning, Ryder released its fiscal first-quarter 2017 earnings, reporting sales gains of 7% ($1.75 billion) in comparison to last year's Q1 -- but profits down 32% at just $0.71 per diluted share.
Adventist Health System announced its replacement for Rob Fulbright, who was CEO of five Florida Hospitals in Volusia and Flagler counties and died suddenly earlier this month at age 47. David Ottati, CEO of Florida Hospital Waterman, will take on Fulbright’s role May 1. “Rob was a one-of-a-kind
Tesaro Inc (NASDAQ: TSRO) enjoyed its best summer ever last year, but lately, this biotech has had a case of the blues. Following a peak in February, the stock has lost more than a quarter of its value. Despite the recent slide, investors should remain braced for further downside. The company's recently launched cancer therapy has plenty of potential, but its success is far from certain.
Shares of McDonald's Corp. (NYSE: MCD) moved higher Tuesday after the fast-food giant delivered a surprisingly strong first-quarter earnings report. As of 3:21 p.m. EDT, the stock was up 5.4%. Image source: Motley Fool. Continue reading
Verizon Communications has topped AT&T’s offer for Straight Path Communications, according to a person familiar with the matter, sparking a bidding war over a tiny company that controls a swath of wireless airwaves thought to be at the forefront of next-generation networks.