Manulife Financial Corporation (NYSE:MFC) keeps its position active in street, shares closed at $13.74 with slightly down of -0.72%. Manulife Financial (MFC) appointedLinda Mantia as Chief Operating Officer effective October 3. Paul Rooney, who presently serves as COO, has made the decision to leave the firm. He has agreed to stay until the end of December and work with Ms. Mantia to ensure a smooth transition. Most recently, Mantia served as Executive Vice President of Digital, Payments and Cards at Royal Bank of Canada (RY) The firm has yearly sales growth for the past five year of -1.80%. While past twelve months price to sales ratio recorded as 0.59 and price to cash ratio remained 1.69.
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Francesca’s Holdings Corporation (NASDAQ:FRAN) build up 7.01% during the previous trading session as the firm held price to earnings ratio of 16.31. Francesca’s Holdings Corp. (FRAN) reported on Wednesday that its fiscal Q2 earnings of $10.6 million. On a per-share basis, the Houston-based firm stated it had net income of 27 cents. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The clothing retailer posted income of $115.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks predictable $108.7 million. For the current quarter ending in November, Francesca’s Holdings stated it expects income in the range of $114 million to $118 million. Analysts surveyed by Zacks had predictable income of $110.9 million. The firm expects full-year earnings to be 96 cents to $1.03 per share, with income ranging from $473 million to $488 million.
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Yandex N.V. (NASDAQ:YNDX) are moving down -0.23% to $22.01 with traded session volume was 2.17 Million. Yandex N.V. (YNDX) terminated contract to purchase its Moscow headquarters citing changing market conditions. The Framework Contract allows for Yandex to terminate the Framework Contract at any time previous to closing. In the event of the termination of the contract, the Framework Contract stipulates that Yandex will reimburse KR1875 for certain fees and expense incurred in connection with the transaction, up to a maximum of 45 million rubles (about $700,000). Yandex believes that following the reimbursement of these costs to KR1875, it remains in the firm’s and stockholders’ interest to terminate the Framework Contract. Yandex plans to remain at the Red Surged through the end of the lease term but may consider other options for when the lease term expires. As concerns of stock price volatility, it was 2.30% for a week and 2.40% for a month.
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