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Company News For Oct 9, 2017

Zacks Equity Research
A strong North American drilling market was not enough for Schlumberger (SLB) and Halliburton (HAL) to beat Q1 earnings, while France's TOTAL (TOT) strengthened its low-carbon energy asset portfolio.
  • Shares of Costco Wholesale Corp. COST dipped almost 6% after its fourth quarter 2017 gross margin declined to 11.3%
  • Omega Protein Corp.’s OME shares increased 32.4% after the company entered into an agreement with Cooke to be acquired by the latter for $22 per share
  • 22nd Century Group Inc.’s XXII shares increased 11.1% after the company announced that its Phase III study on SPECTRUM research cigarettes showed an immediate reduction to low levels of nicotine
  • Shares of Yum China Holdings, Inc. YUMC gained 2.1% after reporting third quarter 2017 revenues of $2038 million, surpassing the Zacks Consensus Estimate of $1995 million 


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