• Applied Materials Seeks Growth From New Products

    Applied Materials Seeks Growth From New Products

    Applied Materials (AMAT), a supplier of equipment and software to semiconductor manufacturers, said late on Thursday new products under development would deliver growth in the future, after reporting a drop in year-on-year adjusted earnings and sales that was smaller than the market had expected in the fiscal third quarter. Net sales at the Santa Clara, Calif.-based group fell by 14% […]

  • Alibaba Shares Rise

    Alibaba Shares Rise

    Alibaba Group’s (BABA) shares rose Thursday after the Chinese e-commerce giant’s fiscal first-quarter results easily beat expectations on solid growth in its core retail business. Alibaba said revenue rose to 114.92 billion renminbi ($15.91 billion) on the quarter ended June 30, up from 80.92 billion renminbi in the prior-year period and ahead of Capital IQ’s consensus of 111.65 billion renminbi. […]

  • Cardinal Health Tops Street Expectations

    Cardinal Health Tops Street Expectations

    Cardinal Health (CAH) reported better-than-expected results for its fiscal fourth quarter, as the pharmaceutical and medical products supplier said sales in both segments advanced, although it set guidance mostly below the Street’s view. Fiscal fourth-quarter revenue rose 6% to $37.4 billion, while the consensus on Capital IQ was for $36.7 billion. Earnings per share rose to $1.11 from $1.01 in […]

  • ISM Non-Manufacturing Gauge Hits Three-Year Low

    ISM Non-Manufacturing Gauge Hits Three-Year Low

    Economic activity in non-manufacturing, a sector that ranges from real estate to construction and entertainment, grew at a slower pace in July than expected as the Institute for Supply Management’s gauge hit the lowest level in almost three years. The ISM’s non-manufacturing index fell 1.4 points from the month before to 53.7%, the lowest level since the August 2016 print […]

  • European ADRs Move Higher

    European ADRs Move Higher

    American Depositary Receipts of European stocks were trading 1.02% higher at 1,052.36 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical (OASM) and biotech firm Zealand Pharma (ZEAL), which surged 11.8% and 8%, respectively. They were followed by 3D printer company Voxeljet (VJET) and biopharmaceutical company Genfit […]

Latest News

Applied Materials Seeks Growth From New Products

Applied Materials (AMAT), a supplier of equipment and software to semiconductor manufacturers, said late on Thursday new products under development would deliver growth in the future, after reporting a drop in year-on-year adjusted earnings and sales that was smaller than the market had expected in the fiscal third quarter. Net sales at the Santa Clara, Calif.-based group fell by 14% […]

by × August 16, 2019 ×

Alibaba Shares Rise

Alibaba Group’s (BABA) shares rose Thursday after the Chinese e-commerce giant’s fiscal first-quarter results easily beat expectations on solid growth in its core retail business. Alibaba said revenue rose to 114.92 billion renminbi ($15.91 billion) on the quarter ended June 30, up from 80.92 billion renminbi in the prior-year period and ahead of Capital IQ’s consensus of 111.65 billion renminbi. […]

by × August 15, 2019 ×

Cardinal Health Tops Street Expectations

Cardinal Health (CAH) reported better-than-expected results for its fiscal fourth quarter, as the pharmaceutical and medical products supplier said sales in both segments advanced, although it set guidance mostly below the Street’s view. Fiscal fourth-quarter revenue rose 6% to $37.4 billion, while the consensus on Capital IQ was for $36.7 billion. Earnings per share rose to $1.11 from $1.01 in […]

by × August 8, 2019 ×

ISM Non-Manufacturing Gauge Hits Three-Year Low

Economic activity in non-manufacturing, a sector that ranges from real estate to construction and entertainment, grew at a slower pace in July than expected as the Institute for Supply Management’s gauge hit the lowest level in almost three years. The ISM’s non-manufacturing index fell 1.4 points from the month before to 53.7%, the lowest level since the August 2016 print […]

by × August 5, 2019 ×

European ADRs Move Higher

American Depositary Receipts of European stocks were trading 1.02% higher at 1,052.36 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical (OASM) and biotech firm Zealand Pharma (ZEAL), which surged 11.8% and 8%, respectively. They were followed by 3D printer company Voxeljet (VJET) and biopharmaceutical company Genfit […]

by × July 29, 2019 ×

Colgate-Palmolive Maintains Full-Year Guidance

Colgate-Palmolive (CL) reiterated its full-year guidance on Friday as it posted a decline in revenue and adjusted earnings for its fiscal second quarter which were impacted by foreign-exchange headwinds. The company, which sells toothpaste, mouthwash, shampoo and shower gel, reported revenue of $3.87 billion in the three months ended June 30, down from $3.89 billion in the same quarter of […]

by × July 26, 2019 ×

Texas Instruments Second-Quarter Results Down

Texas Instruments (TXN) unveiled guidance for its fiscal third-quarter which was in line with analysts’ estimates after markets closed on Tuesday as it posted a drop in second-quarter earnings and revenue, which was attributed in part to declining sales from embedded processing business segment The Dallas, Tx.-headquartered business — which manufactures semiconductors that are used in connected cars and self-monitoring […]

by × July 24, 2019 ×

E*TRADE Financial Unveils $1.5 Billion Share Buyback Program

Investment products provider E*TRADE Financial (ETFC) unveiled a $1.5 billion share buyback program late on Thursday as it reported a decline in second-quarter revenue following a repositioning of its balance sheet through the sale of lower-yielding investment securities. The company repositioned its balance sheet during the period through the sales of $4.5 billion of lower-yielding investment securities. It said that […]

by × July 19, 2019 ×

Citigroup Beats Expectations With Second-Quarter Results

Citigroup (C) reported better-than-expected results for the second quarter, with earnings and revenue ahead of Wall Street projections as global consumer banking gained ground. Earnings rose to $1.95 a share from $1.63 a share in the same period of last year, ahead of the Capital IQ consensus for $1.81 a share. Excluding Citi’s gain from its investment in electronic trading […]

by × July 15, 2019 ×