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Reuters BusinessFeb 20, 2019
Wall St. opens flat as investors assess U.S.-China trade talks
U.S. stocks opened little changed on Wednesday, after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.

MarketWatch MarketPulseFeb 20, 2019
Owens & Minor's stock tumbles after dividend slashed to a penny, earnings miss
Shares of Owens & Minor Inc. tumbled 14% in active afternoon trade Wednesday, after the provider of distribution services to makers of healthcare products reported fourth-quarter earnings that missed expectations, provided a downbeat outlook and slashed its dividend to next to nothing. The company said late Tuesday it swung to a net loss of $261.8 million, or $4.37 a share, from a profit of $23.0 million, or 38 cents a share, in the same period a year ago. Excluding non-recurring items, such as $274 million impairment charge, adjusted earnings per share of 9 cents was below the FactSet consensus of 14 cents. Revenue rose 6.4% to $2.54 billion, above the FactSet consensus of $2.50 billion. The company said it amended its credit agreements, that while enhances it financial "flexibility," also increases its interest expense. With that in mind, the company expects 2019 adjusted EPS of 60 cents to 75 cents, below the current FactSet consensus of 93 cents. The company also cut its quarterly dividend to 0.25 cents a share from 7.5 cents a share, which lowers the implied annual dividend yield to 0.15% from 4.39%. Separately, Owens & Minor named Edward Pasicka its chief executive officer, effective March 4. The stock has plunged 56% over the past 12 months, while the S&P 500 has gained 2.5%.

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.



The Motley FoolFeb 20, 2019
CVS Health Corp (CVS) Q4 2018 Earnings Conference Call Transcript
CVS earnings call for the period ending December 31, 2018.

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The Motley FoolFeb 20, 2019
Conduent Incorporated (CNDT) Q4 2018 Earnings Conference Call Transcript
CNDT earnings call for the period ending December 31, 2018.

Google Business NewsFeb 20, 2019
CVS Needs More Expensive Drugs - Wall Street Journal
CVS Needs More Expensive Drugs  Wall Street JournalCVS shares tumble 7% as forecast takes a hit from investments in Aetna  CNBCCVS Health Stock Stumbles After Earnings Report Calls Strategy Into Question  Barron'sCVS Beats Q4 Earnings Forecasts but Guides for Weaker 2019 Profit  TheStreet.comStocks making the biggest moves premarket: CVS Health, Garmin, Gannett, Apple & more  CNBCView full coverage on Google News

Google Business NewsFeb 20, 2019
CVS Stock Dives After Predicting Ugly 2019 Following Aetna Takeover - Investor's Business Daily
CVS Stock Dives After Predicting Ugly 2019 Following Aetna Takeover  Investor's Business DailyCVS tumbles after saying Aetna integration will cause some earnings headwinds (CVS)  Business InsiderCVS shares tumble 7% as forecast takes a hit from investments in Aetna  CNBCCVS Predicts an Ugly 2019 After Closing $68 Billion Aetna Deal  BloombergStocks making the biggest moves premarket: CVS Health, Garmin, Gannett, Apple & more  CNBCView full coverage on Google News

The Motley FoolFeb 20, 2019
Owens & Minor Inc (OMI) Q4 2018 Earnings Conference Call Transcript
OMI earnings call for the period ending December 31, 2018.

MarketWatch MarketPulseFeb 19, 2019
Stanley Black & Decker to book $50 million charge on 2018 EPS due to IPS Worldwide bankruptcy
Stanley Black & Decker Inc. said Tuesday it will book a charge of $50 million on its previously announced 2018 GAAP per-share earnings, due to the bankruptcy of IPS Worldwide LLC. The third-party provider of freight payment processing services listed Stanley Black & Decker as an unsecured creditor with outstanding obligations of about $50 million owned to certain freight carriers in a Jan. 25 Chapter 11 filing. The charge does not include any sums the company is hoping to recover from insurance or through the bankruptcy proceedings and will be included in the company's 10-K filing with the Securities and Exchange Commission later this month. Shares were slightly higher premarket, but have fallen 14% in the last 12 months, while the S&P 500 has gained 1.6%.

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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