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Bob Evans Farms, Inc. (BOBE) announced it has entered into a definitive agreement for the sale of Bob Evans Restaurants to an affiliate of Golden Gate Capital for $565 million plus assumption of certain net working capital liabilities at the time of closing estimated to be $40 to $50 million. The company...

Canadian National Railway Company (CNR.TO) announced the company expects to deliver earnings per share growth in the mid-single-digit range in 2017 over adjusted EPS of C$4.59 in 2016. The company said it will continue to invest in the safety and efficiency of its network, with a 2017 capital investment...

Seagate Technology plc (STX) reported second-quarter net income of $297 million or $1.00 per share compared to $165 million or $0.55 per share, previous year. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $412 million and earnings per share of $1.38....

Texas Instruments Incorporated (TXN) announced the promotion of Brian Crutcher to chief operating officer. He has been executive vice president responsible for all business and sales operations, Kilby Labs and information technology. As COO, he adds oversight of global technology and manufacturing operations...

Intuitive Surgical, Inc. (ISRG) announced it has entered into an accelerated share repurchase program with Goldman, Sachs & Co. pursuant to which Intuitive Surgical will repurchase $2.0 billion of its common stock from Goldman. Goldman is expected to make an initial delivery by approximately January...

Towerstream Corp. (TWER.OB), a Fixed Wireless Fiber Alternative Provider, announced the appointment of Ernest Ortega as Chief Executive Officer. Mr. Ortega succeeds Philip Urso who has served as the Company's Interim Chief Executive Officer since February 2016 and will continue to serve as Chairman...

Ciena (CIEN) announced that François Locoh-Donou will step down as senior vice president and chief operating officer, effective on or about March 23, 2017. The company said its management team is executing on its proven succession planning process to ensure a smooth transition for the organization. Locoh-Donou...

3M Co. (MMM) Tuesday announced an increase in fourth quarter net income attributable to the company to $1.155 billion from $1.038 billion last year. Earnings per share climbed to $1.88 from $1.66 in the previous year. On average, 16 analysts polled by Thomson Reuters expected the company to earn...

While reporting its fourth-quarter financial results today, Lockheed Martin Corp. (LMT) provided earnings outlook for fiscal 2017 below analysts' estimates. The company forecast fiscal 2017 earnings of $12.25 to $12.55 per share on net sales of $49.40 billion to $50.60 billion. On average, analysts...

Corning Inc. (GLW) reported that its fourth-quarter net income attributable to the company surged to $1.572 billion or $1.47 per share from $224 million or $0.17 per share in the same quarter last year. The translated earnings contract gain for the latest-quarter was $1.847 billion, compared to $38 million...

Allegheny Technologies Inc. (ATI) Tuesday announced a swing to profit for the fourth quarter from a loss last year. The company reported quarter net profit attributable to the company o f$9.9 million or $0.09 per share, compared to loss of $226.9 million or $2.12 per share last year. Revenue for the...

While reporting its fourth-quarter financial results today, Kimberly-Clark Corp. (KMB) provided earnings outlook for fiscal 2017 in line with analysts' estimates. For fiscal 2017, the company forecast net income of $6.20 to $6.35 per share and net sales to be similar to 2016, including organic sales...

D.R. Horton Inc. (DHI) said that it reaffirmed its fiscal 2017 guidance including a consolidated pre-tax profit margin of 11.2% to 11.5%, consolidated revenues of $13.4 billion to $13.8 billion, homes closed between 43,500 homes and 45,500 homes and cash flow from operations in the range of $300 million...

Genmab A/S (GMXAY.PK, GNMSF.OB) said that worldwide net sales of Darzalex, or daratumumab, as reported by Johnson & Johnson (JNJ) were $572 million in 2016. This comprised of net sales of $471 million in the U.S. and net sales in the rest of the world of $101 million. Genmab will receive royalties...

Whirlpool Corp. (WHR) disclosed in a regulatory filing that it began consultations with certain works councils and other regulatory agencies in connection with the company's proposal to restructure its EMEA dryer manufacturing operations. The company currently anticipates that about 500 positions would...

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