On Wednesday, Viacom, Inc. (NASDAQ:VIAB)’s shares declined -0.05% to $64.61.
Janet Jackson stands as one of the best-selling artists of all time with a string of hits that have left an indelible impression on pop culture. She is the first African-American female artist to have hit singles in each of the last four decades. Her music has won her 6 GRAMMY® Awards, 2 Emmy Awards, a Golden Globe Award, a nomination for an Academy Award together with dozens of American Music Awards, MTV Video Music Awards, BET Awards and Billboard Music Awards. BET Networks, a partner of Viacom, Inc. (VIAB), Janet Jackson, one of the world’s most influential entertainers, will be receiving the inaugural ULTIMATE ICON: Music Dance Visual award at the 15th annual “BET Awards” 2015 on Sunday, June 28, 2015, it was declared by Stephen G. Hill, BET’s President of Programming.
Ciara, Jason Derulo and Tinashe are slated to perform a special dance tribute to the iconic entertainer, which is set to comprise her just released single, “No Sleeep.” The entertainer sent her fans into social media frenzy when she recently declared her forthcoming first studio album in seven years and the first leg of her highly anticipated UNBREAKABLE WORLD TOUR, a 37-date tour starting August 31st in Vancouver, BC.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
BGC Partners, Inc. (NASDAQ:BGCP)’s shares dropped -0.17% to $8.73.
BGC Partners, Inc. (BGCP) declared that it has updated its outlook for the quarter ending June 30, 2015. The results will comprise the consolidation of those for BGC’s majority-owned division, GFI Group Inc. ( GFIG), a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets.
BGC anticipates both its quarterly distributable earnings revenues and its pre-tax distributable earnings to be around the mid-point of the range of its formerly stated guidance. BGC’s second quarter 2015 outlook was originally published in a press release dated April 29, 2015, and was as follows:
Original Second Quarter 2015 Outlook Contrast with Second Quarter 2014 Results1
The Company had predictable distributable earnings revenues to enhance by between about 51 percent and 58 percent and to have been between about $650 million and $680 million, contrast with $430.3 million.
BGC Partners had anticipated pre-tax distributable earnings to enhance by between about 32 percent and 51 percent and to have been in the range of $70 million to $80 million, as compared to $53.0 million.
The Company had predictable its effective tax rate for distributable earnings to remain about 15 percent.
The Company’s original outlook for second quarter of 2015 revenues would have been at least $18 million higher but for the strengthening of the U.S. dollar contrast with the year earlier period.
With respect to BGC’s merged results, about 33 percent of GFI’s post-tax distributable earnings are predictable to be attributable to noncontrolling interest in auxiliaries, while the remaining about 67 percent are predictable to be attributable to the Company’s fully diluted shareholders.
BGC Partners, Inc. operates as a brokerage company in the United Kingdom, the United States, and internationally. It operates in two segments, Financial Services and Real Estate Services. The Financial Services segment provides brokerage services, counting fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. This segment also offers trade execution, broker-dealer, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions; and electronic marketplaces comprising government bond markets, interest rate derivatives, spot foreign exchange, foreign derivatives, corporate bonds, and credit derivatives.
At the end of Wednesday’s trade, Automatic Data Processing(NASDAQ:ADP)‘s shares surged 0.82% to $80.89.
Private sector small business employment raised by 120,000 jobs from May to June according to the June ADP Small Business Report®. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is stated each month and broadly distributed to the public, free of charge. The ADP Small Business Report is produced by ADP®, a leading global provider of Human Capital Administration (HCM) solutions, in partnership with Moody’s Analytics.
Automatic Data Processing, Inc., together with its auxiliaries, provides technology-based outsourcing solutions to employers worldwide. The company operates through Employer Services and Professional Employer Organization (PEO) Services segments. The Employer Services segment offers a range of business outsourcing and human capital administration (HCM) solutions, counting payroll services, benefits administration services, talent administration solutions, human resources administration solutions, time and attendance administration solutions, insurance services, retirement services, and tax compliance and payment solutions.
Dollar Tree, Inc. (NASDAQ:DLTR), ended its Wednesday’s trading session with 1.42% gain, and closed at $80.11.
Dollar Tree, Inc. (DLTR) an operator of discount variety stores offering merchandise at a fixed price point of $1.00, seems to have a compelling growth story given its progress on the back of endeavors, including store expansion, omni-channel development and penetration into new markets.
However, the stock was let down by its performance in first-quarter fiscal 2015, wherein both top and bottom lines missed the Zacks Consensus Estimate, as sales were hurt by an unfavorable shift in Easter holiday timing and labor disruptions at the West Coast port. Also, the company had to pay incremental freight costs on account of alternate ports.
These headwinds triggered management to tweak its outlook for the fiscal, following which the stock witnessed downward estimate revisions.
Dollar Tree now anticipates sales for the fiscal to be in the range of $9.24–$9.42 billion, contrast with $9.21–$9.45 billion predicted earlier, based on the expectation that comps will grow in a low to low-mid single-digit range in fiscal 2015. Moreover, the company now envisions adjusted earnings per share for fiscal 2015 to be in the band of $3.32–$3.47 contrast with $3.30–$3.50 projected earlier.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that comprise toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods comprising of Valentine’s Day, Easter, Halloween, and Christmas merchandise.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
