![]() ![]() The reporting requirements under the Securities Exchange Act of 1934 extend to the company that offers the tracking stock to the public. A tracking stock must be registered under the Securities Act of 1933 if it is publicly offered unless an exemption applies. The SEC’s registration and reporting requirements for tracking stocks are similar to the requirements for any company issuing a new class of common stock. Management of the parent company retains control over the tracked operating segment or business. Unlike the common stock of the parent company, tracking stock usually has limited or no voting rights, does not generally pay dividends and does not provide a legal claim on the assets of the company or the division. When issuing tracking stock, all revenues and expenses of the applicable division are separated from the parent company’s financial statements and bound to the tracking stock. However, a few recent transactions and restructurings that included tracking stock indicate that tracking stocks may still remain a useful tool for investors.Ī tracking stock, also known as targeted stock or designer stock, is a type of common stock that is typically issued by a parent company to track the performance of a particular division or subsidiary. Often, tracking stock comes into existence in connection with an acquisition or a spin-off. (NASDAQ:FFIV) share declined 2.32 percent to $115.90 in pre-market trading session.Tracking stocks, which were a popular innovation during the 1980s and the Internet boom of the 1990s, appeared to be extinct. Revenue declined 23 percent to $1.23 billion from $1.60 billion in the same period a year-ago.į5 Networks Inc. Its second quarter net income rose to $237 million or $0.18 per share from $213 million or $0.15 per share in the same quarter a year-ago. (NASDAQ:YHOO) shares declined 1.99 percent to $14.30 in pre-market trading session. The company raised its fiscal 2011 earnings estimate to a range of $2.52 to $2.56 per share from $2.49 to $2.53 per share. (NYSE:ECL) shares declined 2.69 percent to $53.90 in pre-market trading session. The company reported second quarter net income of $50.7 million or $1.59 per share compared to $46.5 million or $1.46 per share in the same period a year-ago, while analysts’ expect net income of $1.68 per share.Įcolab Inc. (NYSE:CMG) shares declined 3.06 percent to $323.50 in pre-market trading session. (NYSE:LUK) shares gained 1.2 percent to $33.69 in pre-market trading session.Ĭhipotle Mexican Grill Inc. The company is expected to report third quarter net income of $ 0.71 per share compared to $ 0.57 per share in the same quarter last year. (NASDAQ:QCOM) shares advanced 2.35 percent to $58.32 in pre-market trading session. Its second quarter net profit rose to $90 million or $0.29 per share from $82 million or $0.27 per share in the same peiod a year-ago. ![]() ![]() (NYSE:TXT) shares gained 2.85 percent to $22.75 in pre-market trading session. The company reported second quarter net income of $506 million or $0.46 per share from $414 million or $0.36 per share in the same quarter last year. ![]() (NYSE:CSX) shares advanced 2.59 percent to $26.14 in pre-market trading session. (NYSE:EMC) shares surged 3.62 percent to $28.37 in pre-market trading session after the company said its second quarter net profit rose to $546.49 million or $0.24 per share from $426.22 million or $0.20 per share in the same period a year-ago.įor fiscal 2011, the company currently expects consolidated GAAP net income to exceed $2.44 billion or earnings to $1.07 per share on revenue of $19.8 billion.ĬSX Corp. The companies whose shares are moving in pre-market trade on Wednesday are: EMC Corp, CSX Corp, Textron, QUALCOMM, Leucadia National, Chipotle Mexican Grill, Ecolab, Yahoo and F5 Networks.ĮMC Corp. ![]()
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