Asset Sales Mask the Solid Performance of Welltower Inc's Senior Housing Portfolio

Asset Sales Mask the Solid Performance of Welltower Inc's Senior Housing Portfolio
Welltower (NYSE: HCN) once again went up against a tough comparable quarter when it owned more properties. That overshadowed the better-than-expected performance from the company’s increasingly senior-housing-focused portfolio. Because it expects continued growth in this segment, Welltower boosted the low end of its guidance range. Welltower results: The raw numbers Metric Q3 2017 Q3 2016 Year-Over-Year Change Normalized FFO $399.8... Read More

Etsy Inc. Earnings: Growth Accelerates

Etsy Inc. Earnings: Growth Accelerates
After surprising investors in its second quarter with an acceleration in revenue growth and $11.7 million of net income compared to a loss of $7.3 million in the year-ago quarter, investors were looking for online marketplace Etsy (NASDAQ: ETSY) to continue this momentum in its third quarter. Fortunately, Etsy’s third-quarter results highlighted continued execution on the company’s strategic initiatives, leading... Read More

Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate

Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate
Wall Street’s major indices retreated from record highs into negative turf on Tuesday as tax reform debate in Congress along with fresh geopolitical risks in the Middle East rekindles risk aversion. Financial stocks are leading decliners with Dow component stocks Goldman Sachs ( GS ) and JP Morgan ( JPM ) causing the bulk of the blue chips’ losses. The... Read More

Valeant Pharmaceuticals Posts a Huge Third-Quarter Profit — but There's a Catch

Valeant Pharmaceuticals Posts a Huge Third-Quarter Profit — but There's a Catch
Valeant Pharmaceuticals (NYSE: VRX) CEO Joe Papa has referred to the company in the past as “the turnaround opportunity of a lifetime.” A key part of his turnaround strategy has been reducing the drugmaker’s debt, an area where Valeant has made significant progress. However, lowering debt doesn’t translate to growth. And so far in 2017, growth has been elusive for... Read More

The Companies That Manipulated The Tax System, According To The Paradise Papers

The Companies That Manipulated The Tax System, According To The Paradise Papers
by: Elizabeth Balboa, Benzinga Staff Writer Apple Inc. AAPL , Uber and  Nike Inc NKE  were among nearly 100 multinational corporations exposed Monday to have developed shell companies and offshore accounts in alleged  tax avoidance  schemes. The Paradise Papers, 13.4 million files obtained by German newspaper  Süddeutsche Zeitung  and divulged by the  International Consortium of Investigative Journalists , revealed rampant... Read More

Buying Qualcomm: Good, Bad or Ugly for Broadcom?

Buying Qualcomm: Good, Bad or Ugly for Broadcom?
Shares of Broadcom (AVGO) ate falling today after it announced yesterday a $130 billion offer to buy rival computer chip maker Qulacomm (QCOM). Despite today’s downward move, and speculation yesterday that Qualcomm is not pleased with Broadcom’s unsolicited bid, some analysts see value in the deal…for Broadcom. MKM’s Ruben Roy calls the deal “strategically and financially compelling,” especially given the... Read More