logo

Corporate News

Share

Below are the earnings highlights for VF Corp (VFC): -Earnings: $463.51 million in Q3 vs. -$90.27 million in the same period last year. -EPS: $1.16 in Q3 vs. -$0.23 in the same period last year. -Analysts projected $1.10 per share -Revenue: $3.94 billion in Q3 vs. $3.65 billion in the same period...

Italian telecom giant Telecom Italia (TIAOF.PK, TI) said that it expects 2018 Organic EBITDA of the Domestic Business Unit to be mid-single digit lower than the previous year. Supported by the improved performace of the Brazil Business Unit, the overall consolidated organic EBITDA is expected to be...

Wipro Ltd. (WIT) reported that its third-quarter net income was $360.8 million, up by 29.6% from prior year. EPS was $0.08, an increase of 38.2%. For the third-quarter, gross revenue was at $2.2 billion, up 10.2% from previous year. Adjusted non-GAAP constant currency IT Services Segment revenue grew...

CVS Health (CVS) and Walmart (WMT) said that they reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management or PBM commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial...

Below are the earnings highlights for First Horizon National (FHN): -Earnings: $96.35 million in Q4 vs. -$52.84 million in the same period last year. -EPS: $0.30 in Q4 vs. -$0.20 in the same period last year. -Revenue: $412.79 million in Q4 vs. $375.28 million in the same period last year.

Wacker Chemie AG (WKCMY.PK, WKCMF.PK) announced, according to preliminary figures, the company anticipates EBITDA of about 930 million euros for 2018, a decline of 8 percent from prior year, and also below recent EBITDA guidance. Net income from continuing operations is now expected to be slightly higher...

Regions Financial Corp. (RF) revealed earnings for its fourth quarter that climbed from the same period last year. The company's bottom line came in at $406 million, or $0.37 per share. This compares with $320 million, or $0.26 per share, in last year's fourth quarter. The company's revenue for...

SunTrust Banks Inc. (STI) announced a profit for fourth quarter that decreased from the same period last year. The company's bottom line came in at $632 million, or $1.40 per share. This compares with $710 million, or $1.48 per share, in last year's fourth quarter. The company's revenue for the...

As per an article published in the Wall Street Journal, Tesla Motors, Inc. (TSLA) is about to reduce 7% of the company's full time workforce. The move could help the company to reduce the price of Model 3 Sedan, Tesla CEO Elon Musk stated. Tesla is planning to increase the production of Model 3 Sedan...

BMW Group announced that a Special General Meeting of Brilliance China Automotive Holdings Ltd. approved the sale of a 25 percent shareholding in BBA to the BMW Group with around 63 percent of the represented shareholders voted in favor. The BMW Group previously announced its intention to increase its...

Ryanair Holdings plc (RYA.L, RYAAY) announced the company lowered its full year profit guidance (excl. Lauda) to a new range of 1.0 billion euros- 1.1 billion euros from a current profit after range of 1.1 billion euros - 1.2 billion euros due to: lower winter fares, stronger traffic growth, stronger...

Groupe Renault (RNSDY.PK) reported that its 2018 sales increased by 3.2% to 3,884,295 vehicles. PC sales were down 1.0% to 3,265,066 vehicles, while LCV sales were up 33.7%, for 2018. The Group noted that its 2018 sales increased by 3.2% while integrating the Jinbei and Huasong brands since January 1,...

upsfundinvests-jan18.jpg Logistics giant UPS' investment arm Strategic Enterprise fund made an equity investment in blockchain-for-business company Inxeption Corp. In a statement, Inxeption, an industrial-strength eCommerce platform built on Blockchain, said the investment will be used to create innovative new e-commerce solutions for B2B sellers and buyers.

Sophos Group plc reported that its nine-months year-to-date adjusted operating profit increased by 157% to $83.0 million, driven by strong growth in revenue. Reported operating profit was $51 million, compared to a prior-period loss of $25 million. Revenue increased by 14% to $527.5 million on both a...

Fresenius Medical Care (FMS) announced the launch of its 4008A dialysis machine, which was especially designed to meet the needs of emerging markets. The company is aiming to improve accessibility to life-sustaining dialysis treatment for patients in these countries who are living with end-stage renal...

Follow RTT