Thread- $DGX (Quest Diagnostics Inc.)

$DGX {{ '2016-05-16T18:21:08+0000' | timeago}} • SEC

Provider of clinical laboratory services $DGX said that during 1Q16 it signed a definitive agreement to sell the assets of its non-core Focus Diagnostics Products business to DiaSorin S.p.A for $300MM in cash, subject to working capital adjustments. The transaction is expected to close in 2Q16 and is expected to result in a pre-tax gain.

$SPTN {{ '2017-05-25T19:53:03+0000' | timeago}} • Webcast

$SPTN continues to expect FY17 cash expenditures of $70-72MM. Depreciation and amortization is now expected to be in the range of $86-88MM due to the addition to Caito. The total interest expense remaining is predicted to be in the range of $25-27MM.

$SPTN {{ '2017-05-25T19:51:39+0000' | timeago}} • Webcast

Looking ahead into 2017, $SPTN said it is excited about its growth opportunities and is reaffirming its previously issued adjusted EPS of $2.26-2.35. This guidance is based on the Caito integration, meeting expectations for 2H17 and a return of a modest level of inflation. $SPTN cut EPS outlook to $1.99-2.08 from $2.07-2.19.

$SPTN {{ '2017-05-25T19:47:35+0000' | timeago}} • Webcast

$SPTN's comparable store sales excluding fuel for 1Q17 were down 2.2% and reflect a 40 basis point negative impact from the New Year's Day shift. Comp sales were also impacted by competitive new store openings in both Michigan and west regions and the impact of one other in the Northern geography as well as ongoing food deflation.

$SPTN {{ '2017-05-25T19:45:20+0000' | timeago}} • Webcast

$SPTN expects a full private brand rollout to take a couple of years, the company will have a meaningful positive effect on that of consumer offering well before that completion. The company continues to build its new business and looks for additional avenues to better serve military heroes.

$VIAB {{ '2017-05-25T18:48:08+0000' | timeago}} • Announcement

$VIAB and Altice USA announced a multi-year partnership that includes advanced advertising and content distribution agreements. This combines Altice USA's multi-screen advertising platforms and analytics capabilities with $VIAB’s advertising offerings to deliver advertising across multiple screens. Terms of the deals were not disclosed.

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