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French luxury goods company Kering SA (PPRUY.PK, PPRUF.PK) Tuesday reported first-quarter sales of 3.57 billion euros, up 31.2 percent from 2.72 billion euros last year. On a comparable basis, sales were up 28.6 percent. Sales at the company's luxury segment rose 34.0 percent to 2.42 billion euros...

AstraZeneca (AZN.L) announced the European Commission has granted full marketing authorisation for Tagrisso (osimertinib) 40mg and 80mg once-daily tablets for the treatment of adult patients with locally-advanced or metastatic epidermal growth factor receptor T790M mutation-positive non-small cell lung...

Pentair plc (PNR) reported that its net income for the first quarter 2017 declined to $87.8 million and $0.48 per share from $107.4 million and $0.59 per share last year. First quarter 2017 earnings per share from continuing operations were $0.44 compared to $0.50 in the first quarter of 2016. On...

Corning Inc. (GLW) reported a turnaround to profit in the first quarter on higher revenues. Both revenue and core earnings per share for the quarter beat analysts' estimates. First-quarter net income attributable to the company was $86 million or $0.07 per share, compared to net loss of $368 million...

India-based software services company Wipro Ltd. (WIT) reported Tuesday that its fourth-quarter net income attributable to equity holders was 22.61 billion Indian rupees or $349 million, an increase of 1% from last year's 22.38 billion rupees. Earnings per share were 9.32 rupees or $0.14, higher than...

Lantheus Holdings Inc. (LNTH) and GE Healthcare (GE) said they have signed a definitive license agreement for the continued Phase III development and worldwide commercialization of flurpiridaz F 18. Flurpiridaz F 18 is an investigational positron emission tomography or PET myocardial perfusion imaging...

Freeport-McMoRan Inc. (FCX) Tuesday announced a turnaround to profit in the first quarter to $228 million from loss of $4.184 billion last year. On a per share basis, earnings were $0.16, compared to loss of $3.35 a year ago. The results were impacted by reduction in total costs and expenses to $2.761...

Caterpillar Inc. (CAT) reported Tuesday that its first-quarter profit attributable to common shareholders declined to $192 million from last year's $271 million. Earnings per share were $0.32, lower than $0.46 a year ago. Excluding restructuring costs, first-quarter 2017 profit per share was $1.28,...

McDermott International Inc. (MDR) reported a turnaround to profit in the first quarter despite lower revenues. Looking ahead, the company raised its earnings outlook for fiscal 2017. The company's net income for the first quarter was $21.9 million or $0.08 per share, compared to net loss of $2.2...

Allergan plc (AGN) announced it has been granted marketing authorization from the U.S. FDA for TrueTear Intranasal Tear Neurostimulator, the only FDA-cleared device developed to temporarily increase tear production during neurostimulation in adult patients. TrueTear is a handheld stimulator with daily...

JetBlue Airways Corp. (JBLU) Tuesday reported a sharp decline in first quarter net income to $85 million or $0.25 per share, from $207 million or $0.61 per share last year. Revenue for the quarter declined to $1.604 billion from $1.616 billion last year. Revenue passenger miles for the period...

While reporting its first-quarter financial results today, 3M Co. (MMM) raised its financial outlook for fiscal 2017 due to a strong first-quarter performance and improved outlook. The company now forecasts fiscal 2017 organic local-currency sales growth of 2 percent to 5 percent, up from previous...

German chemical company BASF SE (BFA.L, BASFY.PK) Tuesday said it agreed to acquire U.S. based ZedX in next four week. The financial aspects of the deal are not revealed. ZexX is an expert in agronomic weather, crop and pest models designed to support farmers in making better production. The acquisition...

While reporting its first-quarter financial results today, Lockheed Martin Corp. (LMT) lowered its outlook for fiscal 2017 earnings, but raised its revenue forecast. The company now forecasts fiscal 2017 earnings per share of $12.15 to $12.45 per share on revenues of $49.50 billion to $50.70 billion....

Rite Aid Corp. (RAD) reported a fourth-quarter net loss of $21.1 million or $0.02 per share compared to net income of $65.6 million or $0.06 per share, previous year. The company said the decline in operating results is due primarily to a decline in adjusted EBITDA, partially offset by a higher LIFO...

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