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OSRAM Licht AG (OSAGF.PK) reported that, in the first quarter of fiscal 2019, revenue from continuing operations amounted to 828 million euros according to preliminary figures compared to 939 million euros prior-year quarter, down around 15 percent on a comparable basis. The adjusted EBITDA margin is...

Teradyne Inc. (TER) Wednesday reported fourth-quarter profit of $143.79 million or $0.79 per share, compared with a loss of $105.92 million or $0.54 per share last year. On an adjusted basis, earnings for the quarter were $0.63 per share, up from $0.46 per share last year. On average, analysts polled...

Sterling Bancorp (STL) announced a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank. As of December 31, 2018, the balance of commercial loans and leases outstanding to be acquired was $504 million, with $339 million in asset-based loans...

Lam Research Corp. (LRCX) announced the company is authorized to repurchase up to $5 billion of common stock. Repurchases may be made through both public market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. The company noted that...

Vertex Pharmaceuticals Inc. (VRTX) Wednesday said it has fired Chief Operating Officer and interim Chief Financial Officer Ian Smith due to personal behavior that violated the company's code. Smith's termination is the result of personal behavior that violated Vertex's Code of Conduct and values...

Briggs & Stratton Corp. (BGG) revised its fiscal 2019 earnings outlook to $1.10 to $1.30 per diluted share, before business optimization costs and other charges, from previous guidance of $1.40 to $1.60 per diluted share. The company said the revision reflects the weather-related market softness in Europe...

Sallie Mae (SLM) announced that it has initiated a new policy to pay a regular, quarterly common stock dividend. A first-quarter dividend of $0.03 per share on the company's common stock will be paid on March 15, 2019 to shareholders of record at the close of business on March 5, 2019. This marks the...

Canadian Pacific Railway Limited (CP.TO, CP) announced, for 2019, the company targets: double-digit adjusted diluted EPS growth versus 2018 adjusted EPS of C$14.51; mid-single digit volume growth, as measured in revenue ton miles; and capital expenditures of C$1.6 billion. Fourth-quarter operating...

Abbott Laboratories (ABT) said it expects first-quarter 2019 earnings per share from continuing operations under GAAP of $0.25 to $0.27. Abbott forecasts specified items for the first quarter 2019 of $0.35 per share primarily related to intangible amortization, acquisition-related expenses, cost reduction...

While reporting its fourth-quarter results on Wednesday, Kimberly-Clark Corp. (KMB) said it is introducing K-C Strategy 2022 as the company looks ahead to its 150-year anniversary in 2022. The company noted that the plan's objectives are to deliver balanced and sustainable growth and to create shareholder...

Waters Corp. (WAT) announced it expects full-year 2019 constant currency sales growth in the range of 4% to 6%. The company also expects full-year 2019 non-GAAP earnings per fully diluted share in the range of $9.20 to $9.45. Waters Corp. expects first quarter constant currency sales growth in the...

Synchrony (SYF) announced an extension of its strategic partnership with Sam's Club, a segment of Walmart Inc. (WMT), to continue offering Club members enhanced financing options through the Sam's Club-branded credit cards. As part of the extension, Synchrony will continue to manage and service the...

Boeing (BA) said that it successfully completed the first test flight of its autonomous passenger air vehicle or PAV prototype in Manassas, Virginia. Boeing NeXt, which leads the company's urban air mobility efforts, utilized Boeing subsidiary Aurora Flight Sciences to design and develop the electric...

Merck & Co., Inc. (MRK) on Wednesday signed a strategic collaboration agreement today with Tencent Holdings Ltd. (TCEHY.PK), a provider of Internet value added services in China. The collaboration will primarily focus on increasing public disease awareness and providing more accessible healthcare services...

Shares of Heidelberger Druckmaschinen AG (HBGRF.PK) climbed around 20 percent in the morning trading in Germany after the precision mechanical engineering company announced Wednesday that it has signed an investment agreement with China-based Masterwork Group Co., Ltd.. Tianjin-based Masterwork intends...

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