Intraday Movers: Pinnacle West Capital Corporation (NYSE:PNW), TiVo Corp (NASDAQ:TIVO), FMC Corp (NYSE:FMC)

On Friday, Shares of Pinnacle West Capital Corporation (NYSE:PNW), added 0.85% and closed at $73.44 in the last trading session. The last trading range of the stock ranges between $72.85 and $74.39. Pinnacle West Capital Corp. (PNW) recently stated merged net income attributable to common shareholders for the 2016 third quarter of $263.0 million, or $2.35 per diluted share. This result compares with net income of $257.1 million, or $2.30 per share, for the same period a year ago.

“Our quarterly financial performance was solid despite the impact of abnormally mild temperatures in August and September contrast to historical weather trends,” said Pinnacle West Chairman, President and Chief Executive Officer Don Brandt. “Customer count and electricity sales are growing year to date, operational excellence remains a hallmark of our company, and our employees continue to control costs without sacrificing top-tier reliability for our nearly 1.2 million customers. As a result, we remain optimistic that we will meet our full-year earnings guidance range.”

TiVo Corp (NASDAQ:TIVO), jumped 3.62% and closed at $21.45 in the last trading session. The last trading range of the stock ranges between $20.50 and $21.65. The company’s Market capitalization is $2.66 Billion with the total Outstanding Shares of 119.56 Billion. TiVo Corporation (TIVO) recently stated financial results for the third quarter ended September 30, 2016.

The Company stated third quarter revenue of $153.1 million, a boost of 33% contrast to $114.9 million in the third quarter of 2015. As expected, revenues were higher than in the comparable period of the prior year because of the completion of the TiVo acquisition and the DISH Network license agreement renewal. Third quarter 2016 Net income was $49.9 million, contrast to a Net loss of $18.5 million for the third quarter of 2015. Third quarter 2016 Loss from continuing operations before income taxes was $29.0 million, contrast to a $14.8 million loss from continuing operations before income taxes in the third quarter of 2015. Third quarter 2016 included an $88.1 million income tax benefit because of a change in the deferred tax asset valuation allowance resulting from the TiVo acquisition.

FMC Corp (NYSE:FMC), dropped -3.07% and closed at $52.39 in the last trading session. The last trading range of the stock ranges between $52.28 and $54.18.The company stock’s 52-week range is $32.24 – $55.55. FMC Corporation (FMC) and BASF declared a contract that brings novel in-furrow crop protection products to the U.S. corn market. The companies will integrate their market-leading insect and disease protection technologies into new products formulated with the convenient LFR® patented technology from FMC.

Leave a Reply

Your email address will not be published. Required fields are marked *