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Company News For Oct 15, 2018

Zacks Equity Research
The Zacks Analyst Blog Highlights: Motorola Solutions, Arista Networks, Altice USA, Telephone and Data Systems and Watts Water Technologies
  • First Republic Bank FRC shares climbed 2.5% after the company reported third quarter 2018 revenues of $768.8 million, beating the Zacks Consensus Estimate of $765.8 million
  • The PNC Financial Services Group Inc. PNC tumbled 5.6% following marginal loan growth in the third quarter and after projecting a slow pace of loan growth for the rest of 2018
  • AbbVie Inc.’s ABBV shares rose 1.1% after the company settled a patent infringement litigation related to its drug Humira with Sandoz, a division of Novartis AG (NVS)
  • Shares of Intel Corp. INTC advanced 1.5% after the chipset behemoth reduced its stake to under 3% in supplier ASML Holding

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