Biopharmaceutical company AstraZeneca Plc Thursday reported a sharp fall in the first-quarter profit, citing loss on disposal of Alderley Park and impact of acquisition of global diabetes alliance. Revenues remained almost flat, while grew 3 percent at constant exchange rates. The company also maintained its financial guidance for 2014.
Diversified miner Anglo American Plc. (AAUKY.PK, AAL.L) Thursday reported significant increases in production of iron ore and copper, but platinum output declined 39 percent amid the strike in South Africa. Further, the firm lifted its copper production guidance for fiscal 2014. The stock was up over 3 percent in early morning trading.
Anglo-Dutch consumer goods giant Unilever Plc Thursday reported a 6.3 percent decline in the first-quarter turnover, reflecting a negative currency impact of 8.9 percent. Underlying sales growth was 3.6 percent, with emerging markets increasing 6.6 percent.
French energy management firm Schneider Electric S.A. (SBGSF.PK) Thursday reported growth in first-quarter revenues on a reported as well as organic basis. Stating that the trends in the quarter were in line with its expectations at the beginning of the year, the company confirmed its guidance for 2014.
European stocks are poised to open higher on Thursday, with tech stocks likely to be in focus after Apple surprised investors by declaring a seven-for-one stock split and another $30 billion in share buybacks till the end of 2015.
On the data front, traders eye U.S. reports on durable goods orders...
Swiss drug giant Novartis AG (NVS) Thursday reported increased profit for the first quarter, helped by a gain from a divestment. The company's outlook for 2014 remains unchanged.
Diversified conglomerate General Electric Co. is in talks to buy French industrial company Alstom SA for more than $13 billion, Bloomberg reported Wednesday, citing people with knowledge of the matter. Alstom is a manufacturer of high-speed trains and power plant equipment. A deal may reportedly be announced as early as next week.
Zynga Inc. (ZNGA) on Wednesday posted a loss for the first quarter from a profit last year, hurt mainly by a sharp drop in revenues as user-base continue to deteriorate. Nonetheless, loss for the quarter were in line with analysts' expectations, while revenues trumped estimates.
The struggling game...
Programmable chipmaker Xilinx Inc. (XLNX) said Tuesday after the markets closed that its fourth quarter profit rose 19% from last year, as revenue increased 16%.
However, the company's quarterly earnings per share came in below analysts' expectations, but its quarterly revenue topped analysts' forecast....
Chip maker Texas Instruments reported a 35 percent jump in first-quarter profit, on strong demand for its analog chips, microcontrollers and processors. Results for the quarter topped Wall Street estimates.
The company also detailed a strong guidance for the second quarter, with its shares up 2.3 percent in after-hours trade on the Nasdaq.
Facebook Inc. (FB) Wednesday reported a surge in profit for the first quarter, driven mainly by sharp growth in advertising revenues with both earnings and revenues trouncing Wall Street estimates. Shares of the social networking giant gained about four percent in after-hours trade, following the announcement...
Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
Mobile chip maker Qualcomm reported an increase in second-quarter profit, due to a 4% growth in revenues. Quarterly earnings topped Wall Street estimates, but revenues fell short of expectations as the smartphone market shows some satiety in mature markets and is weaning toward China. Moving ahead, Qualcomm provided some weak earnings outlook for the third quarter...
Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
Strong support among women and an edge among independents put Colorado Gov. John Hickenlooper ahead of all four of his potential Republican challengers, according to the results of a Quinnipiac University poll released on Wednesday.