Vodafone Gains Approval of $691M TestraClear Purchase and 3 Must-See Hot Stocks
CommVault (NASDAQ:CVLT) CFO Louis Miceli will be moved to the new position of SVP of Finance with the job of providing “consultation and oversight.” His replacement in the CFO position will be chief accounting officer Brian Carolan. This news regarding the switch comes only a day after CommVault reported a Q3 beat.
Cardinal Health‘s (NYSE:CAH) net profit saw a 15 percent rise to $271 million and the company’s pharmaceutical revenue dropped 4 percent to $23.5 billion. However, profit rose 10 percent as a result of increased sales of generic drugs, which are more inexpensive but have the ability to provide higher margins. Medical business revenue saw a 1 percent rise reaching $2.39 billion, and the company predicts an FY EPS of $3.35 to #3.50 compared to a consensus of $3.43.
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Vodafone‘s (NASDAQ:VOD) $691 million purchase of TestraClear has been signed off on by regulators. Vodafone has intentions to integrate TelstraClear, an owner of fiber, local loop, and cable TV networks, with its New Zealand mobile ops. By doing this, the company hopes it will challenge local wireline leader Telecom New Zealand.
Spartan Motors (NASDAQ:SPAR) has declared a $0.05 per share quarterly dividend which is in line with previous. The company’s forward yield is 2.08 percent for shareholders of record as of Nov 08. The dividend will be payable on Dec 13 and the ex-div date is November 6.
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