- The company announced divesting in FL Mobile for $3243.5 million to Beijing
- Paulson & Co. reported over 27 million share stake Monday
- David Einhorn's Greenlight Capital reported taking a larger stake in the company
- Increased FY16 EPS guidance from $4.00–$4.10 to $4.17–$4.27, and saw Q2 EPS $(0.30)–$(0.22) vs. estimated $(0.22); reported Q1 EPS at $1.32 vs. estimated $1.04, revenue of $419.4 million vs. estimated $417.5 million
- Hit resistance at $3.00
- Corvex urging exploration of selling the company
- CEO Tague, CFO Kennedy and Exec VP Foland have bought large share amounts in the company
- Proposal to acquire the company from Chairwoman Peggy Yu
- FYQ16 results broadly ahead of expectations with a price target of $50; the company also raised their EPS guidance by +$0.06 to $1.90
- Plans to sell stake in Malaysia's SapuraKencana Petroleum for $198 million
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: NewsPre-Market OutlookMoversTrading IdeasDavid EinhornGreenlight CapitalPeggy YuSapuraKencana Petroleum
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