Articles by: John Wilkes

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 ×