Swiss security products maker Tyco International Ltd. reported Friday a profit for the third quarter that plunged from last year, which was boosted by asset sale gains. The results also reflected lower operating margins and a revenue drop amid currency headwinds. Adjusted earnings per share from continuing operations topped analysts' expectations, while quarterly revenues missed their estimates.
After ending the previous session roughly flat, stocks may continue to experience choppy trading on Friday. The major index futures are currently mixed, as the Dow futures are down by 19 points but the Nasdaq futures are up by 4.5 points.
Eurozone inflation remained stable in July and the unemployment rate held steady at the lowest level seen since early 2012 during June, data from Eurostat showed Friday. Inflation in the currency bloc remained stable at 0.2 percent in July, flash data showed today. Inflation remained in the positive zone for the third straight month and matched economists' expectations.
Astronomers have confirmed the discovery of the nearest rocky planet outside the solar system. The larger than Earth exoplanet, which is considered a potential gold mine of science data, was discovered using NASA's Spitzer Space Telescope. The exoplanet, named HD 219134b, is 21 light-years away from sun, and orbits too close to its star to sustain life. While the planet itself can't be seen direc
Here is a quick summary of the earnings reported after the bell on Jul 30.
1.VIVUS, Inc. (VVUS)
Q2 net loss was $49.35 million or $0.48 per share vs. net loss of $25.83 mllion or $0.25 per share a year ago.
Total revenue was $23.0 million in the current quarter, compared to $21.9 million in...
Early indications suggest that Wall Street stocks may open on a jittery note on Friday, as commodities continue to experience weakness. The dollar has been firmer, although the euro is seeing a small bounce upward as flash estimate revealed that inflation stayed in positive territory for the third straight...
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
The FDA is warning health care professionals and patients about reports of confusion between names of antidepressant Brintellix and antiplatelet Brilinta when prescribing and dispensing the two drugs. The similarity of the brand names has been blamed for the confusion.
UK-based energy firm BG Group Plc., which is being acquired by Royal Dutch Shell Plc., reported Friday higher profit in its second quarter, benefited by a significant one-time gain. Meanwhile, business performance EBITDA, a key earnings metric, and revenues plunged from last year mainly reflecting lower commodity prices, despite higher volumes.
International Consolidated Airlines Group S.A., formed by the merger of British Airways plc and Spanish flag carrier Iberia Lineas Aereas de Espana S.A., reported Friday that profit for the second quarter increased from last year, reflecting double-digit passenger revenue growth.
Shares of BNP Paribas were gaining around 4 percent in the early morning trading after the French lender reported Friday a profit in its second quarter, compared to hefty loss last year, reflecting the absence of prior year's huge U.S. settlement loss. Excluding items, attributable earnings rose from last year. Revenues also climbed with improved performance in all divisions.
Steel and mining company ArcelorMittal reported Friday increased net profit for the second quarter reflecting lower foreign exchange and other net financing loss. However, earnings before interest, tax, depreciation and amortization or EBITDA, a key metric for the steel company, declined year-over-year. Looking forward, the company reaffirmed its EBITDA guidance for the full-year 2015.
European stocks are seen opening largely unchanged on Friday as oil prices continue to decline and the Chinese stock-market selloff seems far from over.
Asian stocks are mixed, with Chinese shares drifting lower once again amid reports that the country's banks had been ordered to assess their exposure...
French aerospace giant Airbus Group reported Friday higher net profit in its second quarter, while EBIT, a key earnings metric, declined on charges on the A400M program. Revenues increased and its order intake nearly doubled from last year. Further, the company maintained its earnings and revenue growth forecast for fiscal 2015.
Shares of Ascendis Pharma A/S (ASND) touched a new high on Thursday, following the company's positive top-line results from a six-month phase II study of once-weekly TransCon Growth Hormone in 53 treatment-naïve, pre-pubertal children with growth hormone deficiency, or GHD.