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Match Group (MTCH) said Shar Dubey, who currently serves as the President, will be appointed as Chief Executive Officer, effective March 1. Mandy Ginsberg will be leaving the company and stepping down from the Board. Sharmistha Dubey was previously the Chief Operating Officer of the Tinder business....

Reinsurance Group of America, Incorporated (RGA) reported fourth-quarter adjusted operating income of $219 million, or $3.43 per share, compared to $222 million, or $3.46 per share, a year ago. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $3.66,...

C.H. Robinson (CHRW) has agreed to acquire Prime Distribution Services, a provider of retail consolidation services in North America, from Roadrunner Transportation (RRTS). C.H. Robinson said acquisition, valued at approximately $225 million, is expected to be slightly accretive in 2020. "Prime Distribution...

Equity Residential (EQR) said, for fiscal 2020, the company projects: earnings per share in a range of $2.64 to $2.74; FFO per share of $3.57 to $3.67; and normalized FFO per share of $3.59 to $3.69. Same store revenue is expected to grow 2.3% to 3.3%, for the fiscal year. For the first-quarter,...

J.Crew Group, Inc. (JCG), an omnichannel retailer of women's, men's and children's apparel, shoes and accessories, said its Board has appointed Jan Singer as Chief Executive Officer, effective Feb. 2, 2020. Singer is a veteran consumer and retail executive with more than 25 years of experience. He most...

Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L) announced its Board has decided to appoint Luca de Meo as Chief Executive Officer of Renault S.A., and Chairman of Renault s.a.s., effective July 1, 2020. The Board also plans to appoint Clotilde Delbos as Deputy Chief Executive Officer of Renault S.A., effective...

Stryker (SYK) said it expects 2020 organic net sales growth to be in the range of 6.5% to 7.5% and expects adjusted net earnings per share to be in the range of $9.00 to $9.20. Analysts polled by Thomson Reuters expect the company to report profit per share of $9.03. Analysts' estimates typically exclude...

Xilinx, Inc. (XLNX) said the company expects to reduce its global workforce by approximately 7%. The company also plans to take other measures to reduce operating expenses, including further reducing discretionary spend and targeting additional operating efficiencies across the business. Xilinx expects...

Starbucks Corp. (SBUX) said the company will update its fiscal 2020 guidance when it can reasonably estimate the impact of the coronavirus. The company has closed more than half of its stores in China. Starbucks expects these circumstances to materially impact its International segment and consolidated...

OSI Systems, Inc. (OSIS) increased its fiscal 2020 non-GAAP earnings guidance to $4.63 to $4.85 per share. The company lowered its sales outlook to a range of $1.205 billion to $1.240 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.71 on revenue of $1.25...

QuickLogic Corp. (QUIK) announced a restructuring plan which is estimated to result in annualized operating expense savings of approximately $4.0 million. QuickLogic will reduce total personnel by approximately 30% by the end of the first quarter of fiscal 2020. The company expects to incur approximately...

PACCAR (PCAR) reported that its net income for the fourth quarter of 2019 declined to $531.3 million or $1.53 per share from $578.1 million or $1.65 per share in the fourth quarter of 2018. Analysts polled by Thomson Reuters expected the company to report earnings of $1.51 per share. Analysts' estimates...

Quad/Graphics Inc. (QUAD) agreed to sell its Omaha packaging plant to Graphic Packaging International (GPK), a provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, for $40 million. Quad/Graphics expects to close the sale on or about January 31, 2020,...

While reporting financial results for the fourth quarter on Tuesday, Lockheed Martin Corp. (LMT) initiated earnings outlook for the full-year 2020, while boosting annual net sales outlook. For fiscal 2020, the company now expects earnings in a range of $23.65 to $23.95 per share. Net sales are now...

First BanCorp. (FBP), the bank holding company for FirstBank Puerto Rico, on Tuesday reported that its fourth-quarter net income attributable to common shareholders declined to $35.78 million or $0.16 per share, from $100.44 million or $0.46 per share in the year-ago period. The prior-year quarter's...

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