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Asia-focused lender HSBC Holdings Plc (HSBC, HSBA.L) reported Tuesday that its first-quarter profit before tax declined to $6.11 billion from last year's $7.06 billion. Earnings per share were $0.20, down from $0.26 a year ago. Adjusted profit before tax was $5.43 billion, compared to $6.60 billion...

Olin Corp. (OLN) reported that the company achieved adjusted EBITDA of $214.5 million, which was at the high-end of its expectations for the first quarter of 2016. The first quarter 2016 reported net loss was $37.9 million, or $0.23 per share. Sales were $1.35 billion. Olin reiterated full year adjusted...

SurModics, Inc. (SRDX) announced the company now expects full-year revenue to be in the range of $63.0 million to $66.0 million, an increase in the previous range of $62.0 million to $66.0 million. SurModics reaffirmed its previous GAAP earnings range of $0.30 to $0.35 per share. Non-GAAP earnings per...

Chimera Investment Corp. (CIM) announced its Board declared second quarter cash dividend of $0.48 per common share. The Board expects to maintain a quarterly cash dividend of $0.48 per common share for the third and fourth quarters of 2016. The second quarter dividend is payable July 29, 2016, to...

General Growth Properties, Inc. (GGP) announced FFO for the year ending December 31, 2016 is expected to be $1.52 to $1.56 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.55. Analysts' estimates typically exclude special items. Company FFO for the...

Ferrari N.V. (RACE) reported that its net profit for the first-quarter of 2016 was 78 million euros, up 13 million euros or 19% percent due to combined effect of strong adjusted EBIT partially offset by higher financial expenses and benefitting from a lower tax rate. The Group revised its 2016 guidance...

Funds managed by affiliates of Apollo Global Management, LLC (APO) announced today that they have signed definitive agreements to acquire AmQuip Crane Rental from affiliates of Clearlake Capital Group, L. P. and Maxim Crane Works from affiliates of Platinum Equity. Financial terms of the transactions...

Cree, Inc. (CREE) announced the company has reached a confidential settlement in its patent infringement lawsuit with Harvatek Corp. Harvatek has agreed to a royalty bearing, worldwide license to the Cree patents-in-suit. Harvatek will pay Cree a license issue fee and ongoing royalties as part of the...

NVIDIA (NVDA) said that the company and Samsung agreed to settle all pending intellectual property litigation between the two companies. The agreement will lead to the immediate dismissal of all pending IP litigation in U.S. district courts, the U.S. International Trade Commission and the U.S. Patent...

Brocade Communications Systems Inc. (BRCD) lowered its financial outlook for the second quarter of fiscal 2016, saying that it expects revenue to fall short of its original expectations due to the general softness in IT spending. Shares of the company are down almost 10 percent in pre-market activity. In...

National Retail Properties (NNN) announced an increase in 2016 FFO guidance to a range of $2.31 to $2.36 per share before any impairment expense, from prior range of $2.29 to $2.35. The 2016 AFFO is estimated to be $2.36 to $2.41 per share. Analysts polled by Thomson Reuters expect the company to...

Allianz Group (AZSEY.PK) reported first-quarter net income attributable to shareholders of 2.2 billion euros compared to 1.8 billion euros, prior year. The company said growth in profit was driven in part by non-operating realized gains. Operating profit decreased 3.5 percent to 2.8 billion euros from...

Paper and packaging company International Paper Co. (IP) said it has agreed to purchase Weyerhaeuser Co.'s (WY) pulp business for $2.2 billion. The transaction is expected to close in the fourth quarter of 2016. Under terms of the deal, International Paper will acquire five pulp mills and two converting...

Fuel Systems Solutions, Inc. (FSYS) announced its board has recommended that stockholders vote for the proposal to adopt the amended merger agreement with Westport Innovations Inc. (WPT.TO, WPRT). The company said a revised definitive proxy statement/prospectus has been filed with the SEC in connection...

Business software giant Oracle Corp. (ORCL) announced Monday that it has entered into a definitive agreement to acquire Opower Inc. (OPWR), a provider of customer engagement and energy efficiency cloud services to utilities, for $10.30 per share in cash. The transaction is valued at approximately $532...

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