China Lodging Group Q2 Results Top Estimates

China Lodging Group Q2 Results Top Estimates

China Lodging Group, a multi-brand hotel group in China, reported Q2 adjusted earnings of RMB5.63 ($0.83) per share, up from RMB4.67 in the same period a year ago and topping the estimate of RMB4.82 from analysts polled by CapIQ. Total revenues of RMB1.99 billion were up from RMB1.69 billion in the same period a year ago and exceeded the Street projection of RMB1.94 billion. For Q3 the company expects net […]

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Zion Oil & Gas Continues Active Drilling in Israel

Zion Oil & Gas Continues Active Drilling in Israel

Zion Oil & Gas Inc said on Wednesday it has continued active drilling operations at its Megiddo-Jezreel well in Israel and has reached a depth of about 5,850 feet (1,785 meters) toward a proposed total depth of up to about 15,000 feet. The company said it has obtained over 20 sidewall cores from different zones within the well that spanned 2,625 feet after running wireline logs and analyzing the data, […]

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Versum Materials Q3 Results Beat Views

Versum Materials Q3 Results Beat Views

Shares of Versum Materials rallied to a fresh record high Tuesday after the company reported fiscal Q3 results which beat expectations compiled by Capital IQ and raised its full-year sales guidance. For Q3 ended June 30, adjusted EPS was $0.52 per share, up from $0.45 per share a year ago and higher than the $0.44 per share consensus. Revenues surged 19.8% year-over-year to $290.8 million and beat expectations for $265.6 […]

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ManTech Gets Contract

ManTech Gets Contract

ManTech International, which provides solutions for mission-critical national security programs, said pre-market Tuesday it has obtained an $80.3 million contract from the U.S. Naval Air Systems Command Naval Air Warfare Center Aircraft Division. ManTech will support air warfare and related capability development activities of the mission and engineering and analysis department based in Patuxent River, Maryland. Under the five-year agreement, ManTech will provide warfare analysis and assessments, acquisition analysis and […]

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Fed Funds Firm on Yellen’s Testimony

Fed Funds Firm on Yellen’s Testimony

Fed funds futures rallied, in conjunction with Treasuries, on the dovish interpretation of Fed Chair Janet Yellen’s remark on adjusting policy if the inflation undershoot looks to persist (for now, the Fed still sees slowing inflation as transitory). Implied rates are now suggesting only about 44% risk for another tightening by year end, down from about 49% just ahead of the release of her written testimony at 8:30 ET. The […]

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