Market Roundup (MGM, DV, UA, COH, UIS)
Moody's Investors Service has lifted the rating outlook on MGM Resort International (NYSE: MGM) from “stable” to “positive.” Moody's has affirmed corporate family rating of “Caa1” on the company. Moody's Investors Service said, "The outlook revision to positive reflects the favorable impact on MGM's liquidity following the company's recent $511 million equity issuance and the new $500 million senior secured bond offering."
Shares of DeVry Inc (NYSE: DV) lost about 2.2% as the company is scheduled to report its quarterly earnings after the closing bell today. Analysts expect DV to post its FQ1 earnings at $0.96 per share on $520.4 million in revenue.
US Retail stocks moved down after a Standard & Poor's/Case-Shiller index depicted a 0.2% fall in August home prices. Shares of Under Armour Inc (NYSE: UA) moved down about 2.3% after the company posted its quarterly results. Shares of Coach Inc (NYSE: COH) advanced about 12% after the company reported upbeat FQ1 profit.
Shares of Unisys (NYSE: UIS) tumbled about 23% after the company reported weaker-than-expected Q3 results. The company's profit came in at $0.65 per share, missing the Street view of $0.86 per share.
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