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Societe Generale Upshifts On Ferrari, Says Financial Revisions Are Favorable
Wednesday, October 10, 2018 - 12:10pm | 327Ferrari NV (NYSE: RACE)'s improved fundamentals, new management and revised financial objectives led Societe Generale to apply higher multiples to its existing forecast for the sports car manufacturer Wednesday. The Analyst Analyst Stephen Reitman upgraded Ferrari from Sell to Hold and...
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Philip Morris Chokes on Unhealthy Earnings and Foul Guidance
Thursday, April 18, 2013 - 12:12pm | 486Philip Morris International (NYSE: PM) is down on Thursday after posting a weak first quarter and lackluster guidance. The New York City-based firm's EPS rose 2.4 percent year-over-year to $1.28. However, it fell short of the Wall Street consensus of $1.34. Revenue climbed 1.8 percent to $7.6...
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These Are the 100 Highest-Paid CEOs in Business Today
Monday, April 8, 2013 - 4:30pm | 2706The New York Times has published a list of the 100 highest-paid CEOS at U.S. public companies in 2012. Oracle (NASDAQ: ORCL) chief executive Larry Ellison is far and away the highest paid CEO on the list, as his $96.2 million in 2012 compensation dwarfs every other member on the list. The top ten...
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Philip Morris Profits Rise 1.3%
Thursday, October 21, 2010 - 10:02am | 116Philip Morris International (NYSE: PM) is the world's largest publicly traded tobacco company, according to Bloomberg, and 3Q profits rose 1.3% thanks to increased cigarette prices. Philip Morris has raised price in Europe and Australia, helping revenues advanced by 2.2% as shipments continue to...