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MB Financial Inc. stock price, MBFI
MB Financial Inc. stock chart:
MB Financial Inc. close price: 43.23
Stock price forecast:
UP TO +3.35%
Total forecasts: 82
Reached: 30 (36.59%)
Total Win: 48.66 (118.48%)
Showing 1-10 of 573 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
MB Financial Inc. latest news:
BRIEF-Timbercreek Financial announces $40 mln bought offering of convertible debentures
Timbercreek Financial Corp. * Timbercreek financial announces $40 million bought offering of convertible debentures. * Timbercreek -underwriters will purchase $40 million aggregate principal amount of 5.30% convertible unsecured subordinated debentures at $1,000 per debenture.
Govt cap infusion in IDBI on course
The government's plan for infusing capital in ailing public sector lender IDBI Bank are on, despite the Reserve Bank (RBI) putting it under Prompt Corrective Action (PCA) and the rating downgrade after the Mumbai-based lender posted a net loss for 2016-17.Senior IDBI Bank officials said it was in discussion with the government, the majority owner, for a turnaround plan. That would mean agreed-on milestones and commitments from the bank in areas like cost control, reorganisation of structure and improving the financial profile. This would form the basis for a capital infusion, for meeting capital adequacy norms and business growth. IDBI's stock has taken beating after it reported a net loss for a second year. It closed 6.4 per cent down at Rs 61 on the BSE exchange. The government held 73.98 per cent of the bank's equity at end-March. The bank is also readying an agenda for monetising of stake in some subsidiaries and strategic investments, an executive said. On Tuesday, rating ...
U.S. stocks extend gains for fourth day on strong financial shares
U.S. stocks climbed for a fourth session on Tuesday, with the S&P 500 and the Dow logging their longest win streak since February, following the release of the White House budget proposal for 2018. Financial stocks were the big winners, thanks to big gains in Goldman Sachs Group and J.P. Morgan Chase & Co. . The S&P 500 rose 4 points, or 0.2%, to close at 2,398. The Dow Jones Industrial Average advanced 43 points, or 0.2%, to end at 20,938 and the Nasdaq Composite Index edged up 5 points to finish at 6,138.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Halliburton shares inch higher after company names new CEO
Shares of Halliburton Co. inched higher Thursday, a day after the oil-field services company announced its board of directors elected Jeff Miller, a board member and the company's president, as Halliburton's next chief executive. CEO David Lesar, who has led Halliburton since 2000, will continue as executive chairman. The changes will be effective June 1, the company said in a statement late Wednesday. The announcement had been expected since Miller was named president in 2014, but it came earlier than expected, analysts at Citigroup said in a note Thursday. Moreover, the company is still searching for a chief financial officer after it announced the departure of CFO Mark McCollum in March, they said. But Halliburton is "in good hands, has a deep bench within operations and should attract a highly qualified CFO. The company is currently interviewing candidates and hopes to announce a new CFO in the months ahead," the Citigroup analysts said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Rate-hike expectations recede as the stock market unravels
Wall Street expectations for an increase in benchmarks interest rates next month by the Federal Reserve fell on Wednesday, as U.S. stocks suffered the worst daily drop in months on concerns President Donald Trump's pro-growth legislative agenda was in jeopardy. Federal-funds futures were indicating that the market was pricing in a 64.6% probability of a rate hike at the Fed's two-day meeting starting June 13-14. That is down from expectations as high as about 90% just last week and 74% on Tuesday, according to the CME Group's data. The current levels still imply a strong likelihood of a rate increase as the Janet Yellen's Fed aims to normalize monetary policy, but significantly lower. The downshift for the rate-hike outlook comes as so-called risk assets, notably stocks, are tumbling sharply, along with yields for government bonds. Reports alleging that Trump tried to influence an FBI probe into members of his presidential campaign and Russia by requesting that then-director of the Federal Bureau of Investigation, James Comey, end an investigation into former National Security Adviser Michael Flynn has intensified doubts that the president will be able to implement a host of market-friendly policies that had been at the heart of the runup in risk assets in recent months. The Dow Jones Industrial Average was off 1.5% at 20,661, putting it on pace to log its worst one-day drop in eight months. The S&P 500 index and the Nasdaq Composite Index also were on track for their sharpest declines since September. Financial stocks have been at the center of Wednesday's storm with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. cutting more than 100 points from Dow, combined. Lower interest rates can undercut a bank's lending model. The yield on government bonds have been near their lowest levels in three weeks, with the 10-year Treasury note [BX:TMUBMUSD10Y] yielding 2.22%. Yields, which move inversely to prices, tend to fall in times of uncertainty and as expectations for rate hikes decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ally Counts on Inventory Drop to Reduce Floorplan Balances by Midyear
Ally Financial Inc.’s floorplan outstandings climbed in the first quarter, but are expected to drop by midyear, according to Chief Financial Officer Chris Halmy. The $4 billion increase — to $35.4 billion — was primarily due to higher dealer inventory levels and an increase in higher priced vehicles, such asRead More
Auto Delinquencies Climb, Despite Low Unemployment
Historically, there has been a “very high correlation” between auto delinquencies and the unemployment rate, yet, today unemployment is the lowest it’s been in a decade while delinquencies have climbed to levels not seen since the financial crisis, Hylton Heard, senior director in Fitch Ratings’ U.S. ABS group, told AutoRead More
Ambac looking to limit losses from Puerto Rico debt revamp
Bond insurer Ambac Financial Group Inc (AMBC) said it was "aggressively pursuing" loss mitigation strategies in debt-laden Puerto Rico. Ambac's plan announced in its quarterly earnings report on Wednesday comes a week after Puerto Rico said it would restructure its public debt, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market.
Yelp shares crater 25% in after-hours trade after revenue miss, lowered outlook
Shares of online review site Yelp Inc. tumbled 25% in after-hours trade Tuesday, after the company missed first-quarter revenue estimates and lowered its outlook for the year. San Francisco-based Yelp said it had a net loss of $4.8 million, or 4 cents a share, in the quarter, after a loss of $15.5 million, or 20 cents a share, in the year-earlier period. Adjusted per-share earnings came to 19 cents, ahead of the FactSet consensus of 16 cents. Revenue rose 24% to $197.3 million, below the FactSet consensus of $198 million. The company said it is lowering its outlook for the year and now expects revenue of $850 million to $865 million, compared with a FactSet consensus of $888.7 million. "While we are lowering our revenue and adjusted EBITDA outlook for the year, sales productivity has rebounded, transactions revenue has accelerated and we've seen promising results from our newly expanded retention efforts, giving us confidence in our ability to grow and scale in 2017 and beyond," Chief Financial Officer Lanny Baker said in a statement. Shares have fallen 9% in 2017, while the S&P 500 has gained 7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Buffett says Wells Fargo made one mistake that 'dwarfs' all others
Prominent investor Warren Buffett said Wells Fargo's incentive system was the San Francisco bank's biggest error, which led to an embarrassing scandal that led to the resignation of former CEO John Stumpf and sullied the bank's image as a poster child for good banks. The mistake they made but "one one that dwarfs all...but you have to be very careful what you incentivize. You can't incentivize bad behavior," Buffett said at Berkshire Hathaway Inc.'s annual shareholder meeting in Omaha, Neb. on Saturday. Last year, Wells Fargo paid $185 million to settle allegations, without admitting ore denying wrongdoing, related to "widespread illegal" sales-practice issues, where its employees created accounts without the knowledge of its customers--at times creating fake accounts--in order to meet sales goals. Wells Fargo, now run by CEO Tim Sloan, has lagged behind its banking peers following the scandal that has resulted in the clawback of pay from its employees. Buffett also said the bank didn't move swiftly enough when signs of the fake-account problem first surfaced: "It was bad enough having a bad system," he said. "But they didn't act." Wells Fargo is Buffett's largest investment. The bank's shares are trading flat year to date, compared with a gain over the same period of 2.5% in the exchange-traded Financial Select Sector SPDR ETF , which tracks the broad financial market. The S&P 500 index is up 7.2% so far in 2017, while the Dow Jones Industrial Average has gained 6.3% over the same period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ocwen Financial's stock rockets as New Residential deal includes upfront payment, equity stake
Shares of Ocwen Financial Corp. rocketed 41% in afternoon trade Friday, after the troubled financial services company announced a new proposed deal with New Residential Corp. that includes an upfront payment of $425 million to Ocwen and an equity stake. The stock was the biggest percentage gainer on the New York Stock Exchange. Volume spiked to over 22 million shares, or more than triple the full-day average. Ocwen said the new deal would convert New Residential's existing rights to mortgage service rights (MSRs) to fully-owned MSRs. In addition, New Residential would also make an equity investment in Ocwen and become a 4.9% owner. On April 20, the stock had lost more than half its value after North Carolina ruled the firm couldn't acquire new service rights. Despite Monday's rally, the stock has still tumbled 40% year to date, while the SPDR Financial Select Sector ETF has gained 2.0% and the S&P 500 has advanced 6.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bank stocks rebound from fleeting retreat, even as Trump said to consider break-up rule
Bank stocks briefly fell, then recovered, on the heels of a news report indicating that President Donald Trump is weighing a break-up of the country's largest financial institutions and re-installation of a policy that would separate a banks' consumer-lending and investment-banking businesses. "I'm looking at that right now," Trump told Bloomberg in an interview the Oval Office. A popular way to invest in the banking sector, the Financial Select SPDR Fund pulled off its highs of the session but bounced back, recently trading up 0.7%. Shares of J.P. Morgan Chase & Co. were up 0.5%, as were shares of Goldman Sachs Group Inc. , considered a pure-play investment-banking franchise. Goldman's shares were rising 0.7% in recent trade. Members of Trump's administration have suggested that the president might push to reimpose a version of the so-called Glass-Steagall rule, which was repealed by then-President Bill Clinton in 1999. Some blame the repeal of the rule and the sprawling scale of banks like Citigroup and Bank of America for the severity of the 2008 financial crisis. Meanwhile, the S&P 500 index was rising 0.3% at 2,390, while the Dow Jones Industrial Average traded flat at 20,940.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Ally Financial Originates $8.9B Amid ‘Cautious’ Industry Tone, CFO Says
Despite a number of auto finance institutions reporting pullbacks in originations this week, Ally Financial Inc. kept originations relatively flat at $8.9 billion in the first quarter compared with the same period a year ago, the company reported this morning. “There is a more cautious tone across the industry, you’veRead More
Weight Watchers shares rally on new CEO Mindy Grossman
Weight Watchers International Inc. shares rallied in the extended session Wednesday after the weight-loss company announced a new president and chief executive. Weight Watchers shares surged 13% to $22.75 after hours. The company announced that Mindy Grossman will become CEO in July, replacing members of the interim CEO group which included Financial Chief Nicholas Hotchkin, and board members Thilo Semmelbauer and Christopher Sobecki. Grossman is currently CEO of home-shopping network and online retail company HSN Inc. . Shares of HSN were flat at $36.50 after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
J. Crew to cut 250 jobs as part of reorganization
J. Crew Group Inc. said Tuesday that it will cut 250 jobs primarily from its corporate headquarters as part of a reorganization of the company. About 150 full-time jobs and 100 open positions will be axed. The company expects about $30 million in annualized pre-tax savings and will take a $10 million first-quarter charge related to the cuts. The company has also announced a number of executive changes. Chief Financial Officer Michael Nicholson will also be responsible for the planning, merchandising, marketing and design functions of the J.Crew brand. Lisa Greenwald has been named chief merchandising officer for the J. Crew brand. She was previously the senior vice president of the Madewell brand. And Libby Wadle has been named the president of the Madewell brand. She was previously the president of the J. Crew brand. Somsack Sikhounmuong was recently named chief design officer for J. Crew, effective April 5, succeeding Jenna Lyons. The SPDR S&P Retail ETF is down 1.3% for the year so far while the S&P 500 index is up 6.8% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Regulators remove growth restrictions on Wells Fargo
Federal regulators on Monday said Wells Fargo cleared up remaining deficiencies in its "living will" plan, leading to the removal of growth restrictions on the San Francisco bank. In December, the Federal Reserve and the Federal Deposit Insurance Corp. rejected Wells Fargo's living will and asked for a new plan. The bank submitted the new plan to the agencies at the end of March. The Dodd-Frank act mandated the writing of living wills so regulators would have a blueprint to follow that would allow the nation's largest banks to fail without bringing down the entire financial system and economy.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pfizer is latest to get Justice Department subpoena in intravenous saline investigation
Pfizer Inc. has been subpoenaed by the Justice Department as part of an antitrust investigation into intravenous saline sales practices, requests that it is "evaluating," the company said Wednesday. Saline is a salt water solution that's widely used in the medical system. The shortage caught attention in recent years, with manufacturers claiming they just couldn't keep up with demand. Prices rose 200% to 300% since the 2013 shortage, according to a letter sent by four senators to the Federal Trade Commission in late October 2015. Pfizer acquired Hospira, one of three main saline manufacturers, in September 2015. Wednesday's news follows a Tuesday disclosure by ICU Medical , which Pfizer completed a sale of its infusion therapy assets to in early February, that it had been subpoenaed in connection with an investigation. ICU Medical said it has also had a request from the New York Attorney General for information on its IV solution sales practices, and that "both of these investigations relate primarily to time periods prior to the Company's ownership." The subpoena called for "documents regarding the manufacturing, selling, pricing and shortages of intravenous ("IV") solutions, including saline, sold by the Company and communications with competitors regarding the same," ICU Medical said. Pfizer said in a March 16 financial filing that it was being sued in an Illinois district court for allegedly artificially raising prices of IV saline solution, with the lawsuit aiming for class action status. On Friday, another company, Baxter International Inc. , said that one of its employees had received agrand jury subpoena as part of an investigation into its saline sales practices. Pfizer shares slumped 0.6% in Wednesday afternoon trade. Shares have risen 6.2% over the last three months, compared with a 3.3% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Goldman's stock suffering biggest post-earnings drop in over six years
It's not surprise that Goldman Sachs Group Inc.'s stock is declining in the wake of first-quarter results reported before the open, but how much it's falling may shock for investors. The banker's stock slumped 4.2% in morning trade to $216.78 after both profit and sales missed expectations. That would be the biggest one-day, post-earnings percentage decline since it fell 4.7% on Jan. 19, 2011 after Goldman reported fourth-quarter 2010 results. On the day following the previous 25 quarterly reports since then, the stock has fallen after 16 of them, by an average of 1.5%, according to an analysis of FactSet data. On the days after quarterly reports that the stock rose, the average gain was 2.8%. Analyst Steven Chuback at Instinet said Tuesday's report offers Goldman bears "quite a bit of fodder" given the significantly weaker trading results than its peers. He reiterated his neutral rating and $220 stock price target, which is just 0.8% above current levels. The stock has tumbled 9.3% year to date, while the SPDR Financial Select Sector ETF has eased 0.6% and the Dow Jones Industrial Average has gained 4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Bank of America's wealth revenue surges on assets under management, fees
NEW YORK, April 18 (Reuters) - Bank of America's
wealth business reported revenue climbed 3 percent to $4.6
billion in the first quarter this year from last year on higher
client assets under management and fees, Bank of America Chief
Financial Officer Paul Donofrio said Tuesday.
Vera Bradley signs agreement to design clothes, accessories for health care professionals
Vera Bradley Inc. said Tuesday it signed a licensing agreement with CID Resources Inc. to design apparel and accessories for female health care professionals. This is a new product category for the company, according to a statement from Chief Executive Rob Wallstrom, with the medical uniforms market estimated at $1.8 billion in the U.S. Nearly 20% of Vera Bradley's customers say they work in the health care industry, he said. The line, which will include uniforms, tote bags and ID badge holders, is expected to launch in spring 2018. Since September 2016, Vera Bradley has entered into licensing agreements with companies such as Peking Handicraft Inc. for bedding, rugs and kitchen textiles, and Mainstream Swimsuits Inc. for swimwear and cover-ups. Licensing partnerships are not expected to have a material impact on financial performance for the fiscal year ending Feb. 3, 2018. Vera Bradley shares are inactive in premarket trading, and down nearly 49% for the past year. The S&P 500 index is up 12.2% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Stock market halts 3-session skid with largest gain since March 1
U.S. stocks rebounded on Monday, notching their largest gains since March 1, as financial shares led markets higher while investors monitored corporate earnings and the latest developments between the U.S. and its geopolitical adversaries. The S&P 500 index climbed 20.06 points, or 0.9%, to 2,349.01, while the Dow Jones Industrial Average rose 183.67 points, or 0.9%, to 20,636.92. The Nasdaq Composite Index gained 51.64 points, or 0.9%, to 5,856.79. Shares of United Continental Holdings Inc. [S: UAL] and Netflix Inc. rose as both firms prepared to report quarterly earnings after the bell. United shares tumbled last week as the company took heat after video surfaced of a customer being violently dragged off a plane. The company is now facing a lawsuit filed by the passenger. Shares of MoneyGram International Inc. climbed after Alibaba Group Holding Ltd controlled Ant Financial Services lifted its bid for the U.S. money-transfer unit. Bank of America Inc. shares will be in focus as the company prepares to report quarterly earnings on Tuesday before the bell. In other markets, gold futures settled higher on Monday for a fourth straight session. One ounce of gold for June delivery rose $3.40, or 0.3%, to $1,291.90.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Trimble announces new reporting segments
* Trimble Inc - will change reporting of its segment
Yext IPO prices at $11, stock set to trade Thursday
Yext Inc. priced its initial public offering at $11 a share Wednesday, $1 higher than its projected range, pulling in at least $115.5 million at a valuation of $940 million as enterprise-software offerings continued to succeed on Wall Street. The New York tech startup, which helps businesses ensure the accuracy of locations and other data across digital platforms, is expected to begin trading Thursday morning on the New York Stock Exchange under the ticker symbol YEXT. Founded in 2006, Yext disclosed in IPO filings that it had a net loss of $43.2 million on revenue of $124.3 million in its most recent fiscal year, which ended Jan. 31. Both sales and losses increased from the prior year, when the company reported a net loss of $26.5 million on revenue of $89.7 million. Yext raised more than $117 million in private investment, according to Crunchbase, and the IPO prospectus showed shares selling for $5.81 in its most recent round of venture funding, in 2014. Four venture-capital firms -- Sutter Hill Ventures, Institutional Venture Partners, Marker Financial Advisors and Insight Venture Partners -- held more than 10% of the company ahead of the IPO, with Sutter Hill leading the way with 23.6% of the company. No investors are selling shares in the IPO; Yext will take all of the proceeds on the sale of 10.5 million shares, and underwriting banks have access to an additional 1.6 million shares that they could potentially sell. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Financials turn negative for the year ahead of key bank earnings
The S&P financial sector fell on Wednesday and turned negative for the year, in the latest indication that one of the strongest trades of the postelection rally is unraveling. The sector lost 0.9% on Wednesday, while the Financial Select Sector SPDR ETF , the largest exchange-traded fund to specifically track financials, lost 0.8%. With the day's move, financials are now down 0.3% for the year. The banking sector had been one of Wall Street's most profitable trades in the aftermath of President Donald Trump's November election win. At one point, financials accounted for more than half the overall stock market's advance. However, it has fallen more than 8% since early March, leading the overall market lower. Losses have come amid broad concerns about valuation, as well as the Federal Reserve indicating it might only raise interest rates by three times in 2017. Bank profits tend to be stronger in periods of higher rates, and investors had previously expected as many as four hikes this year. Despite expectations for higher rates going forward, benchmark bond yields have been trading at multi-month lows. The 10-year Treasury yielded 2.24% late Wednesday, near a five-month low. Caution over the financial sector has also been elevated going into the first-quarter earnings season, with investors looking for confirmation that its valuations are justified. A number of key banks will be reporting quarterly results in the coming days, including J.P. Morgan Chase & Co. , Citigroup Inc. and Wells Fargo & Co. on Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Mylan's EpiPen recall likely to have low U.S. revenue impact: EvercoreISI analyst
Mylan NV's EpiPen recall, which the company said late last week would extend to the U.S., will likely have a low impact on the company's revenue, Evercore ISI analyst Umer Raffat said Monday. The main cost to Mylan will be replacing the recalled EpiPens, all of which are expiring in the next several months, and thus delaying the purchase of new EpiPens for affected patients by about a year, Raffat said. He estimated the cost at about 3%, or $21 million of Mylan's expected $650 million in U.S. EpiPen sales this year. The EpiPen recall, which Mylan had previously said was confined to about 81,000 EpiPens distributed in Australia, New Zealand, Europe and Japan, was expanded to the U.S. on Friday as a "precautionary measure," since there is the possibility the products have a defective part and might not work in an emergency situation, Mylan said. The U.S. recall applies to 13 lots distributed between December 2015 and July 2016, which Raffat estimated at about 260,000 devices. The products affected by the recall are expected to expire in April, September and October of this year. The recall was prompted by reports of two EpiPens outside of the U.S. failing to activate, and the single lot they were from has already been recalled, Mylan said. Raffat said that it's "comforting to know that this additional recall is more precautionary rather than on the heels of additional malfunction cases." Mylan hasn't filed any financial disclosures about how the recall will affect its business but, according to Bernstein analyst Ronny Gal, "Mylan is doing the math and will consider putting out some disclosure on financial implications." Mylan shares declined 8.6% over the last three months, compared with a 4.2% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Disclosures Outline The Wealth Of The Trump Administration
As members of Trump's staff disclosed their financial assets, new details have emerged about the wealth of Ivanka Trump, Jared Kusher, Steve Bannon, Gary Cohn and former adviser Michael Flynn.
BRIEF-Fronsac REIT says Jason Parravano appointed CEO, president
* Jacques Beaudry, a member of board of trustees, will
assume role of interim chief financial officer
Nutanix plunges after disappointing forecast
Nutanix Inc. , one of the hottest tech IPOs of 2016, plunged more than 17% Thursday after its second earnings report as a public company issued a forecast that didn't meet Wall Street's expectations. The company, which sells cloud computing resources focused on combining storage and computing power, reported a net loss of $93.2 million, or 66 cents a share, on sales of $182.2 million. After adjusting for stock-based compensation, the company claimed a loss of 28 cents a share. That performance in the company's second fiscal quarter easily beat analysts' estimates of adjusted losses of 35 cents a share on sales of $178.4 million, according to FactSet. Nutanix's forecast for the current quarter did not meet expectations, however. The company said it expects adjusted losses of 45 cents to 48 cents a share in the fiscal third quarter on revenue of $180 million to $190 million. Analysts on average projected adjusted losses of 35 cents a share on sales of $188.5 million, FactSet reported. Nutanix Chief Financial Officer Duston Williams noted in the announcement that increased costs of some components were affecting the company's costs; Hewlett Packard Enterprise Co. said in its earnings call last week that increased prices for some memory chips had affected its results. Nutanix, which also suffered after its first earnings report as a public company, fell lower than $26 in late trading after closing with a 1.3% gain at $31.12.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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