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While reporting financial results for the second quarter, United Technologies Corp. (UTX) on Tuesday increased its full-year 2019 guidance for adjusted earnings, while maintaining its sales outlook for the full year. For fiscal 2019, the company raised its guidance for adjusted earnings to a range...

Quad/Graphics, Inc. (QUAD) and LSC Communications, Inc. have mutually agreed to terminate the merger deal. Quad will pay LSC a reverse termination fee of $45 million. The all-stock deal under which Quad would have acquired LSC was announced in October, 2018. The deal was anticipated to be delayed...

Biogen Inc. (BIIB) reported that its second quarter GAAP net income attributable to the company rose to $1.5 billion or $7.85 per share from $867 million or $4.18 per share in the second quarter of 2018. The prior net income was impacted by $589 million or $2.84 per share related to the 10-year exclusive...

While reporting financial results for the second quarter, Quest Diagnostics Inc. (DGX) on Tuesday affirmed its full-year 2019 guidance for earnings to be greater than $5.29 per share and adjusted earnings to be greater than $6.40 per share on net revenues between $7.60 billion and $7.75 billion. On...

Toy and board game company Hasbro, Inc. (HAS) reported Tuesday net earnings attributable to Hasbro for the second quarter of $13.43 million or $0.11 per share, sharply down from $60.30 million or $0.48 per share in the year-ago period. Excluding an after-tax pension charge of $0.68 per share, adjusted...

Stage Stores Inc. (SSI) said that it plans to convert an additional 100 stores to Gordmans off-price in 2020, bringing the total number of 2020 off-price conversions to 250. In 2019, the company expects to complete 89 conversions, including 37 converted stores in March, 35 converted stores and one...

PulteGroup Inc. (PHM) reported that its net income for the second quarter declined to $241 million or $0.86 per share from $324 million or $1.12 per share last year. The prior year result included $38 million of pretax benefit associated with insurance adjustments, $26 million of pretax land sale gains,...

Ford Motor Company (F) confirmed the company will bring an all-electric F-150 to market. It will be in addition to the all-new F-150 Hybrid scheduled to be released next year. In its website, Ford released a video unveiling the prototype of all-electric F-150. The video featured a prototype of the...

Polaris Industries Inc. (PII) said that its narrowed its 2019 earnings guidance range by increasing the lower end to $6.10 per share and maintaining the upper end at $6.30 per share. The company also narrowed its full year 2019 sales guidance range and now expects sales to grow in the range of 12 percent...

While reporting financial results for the second quarter, Centene Corp. (CNC) on Tuesday raised its earnings and revenue outlook for the full-year 2019 to reflect the second quarter performance and the reinvestment of $0.05 per share in Centene Forward related initiatives in the second half of 2019. For...

UK-based generic pharmaceutical company Hikma Pharmaceuticals PLC (HIK.L, HKMPY) announced Tuesday a five-year agreement with Civica Rx. Civica is a non-profit, non-stock corporation formed to reduce chronic generic drug shortages in the US. Under the agreement, Hikma will produce 14 essential...

French railway company Getlink SE (GRPTY), formerly Groupe Eurotunnel SE, reported Tuesday that its first-half consolidated net profit increased 5 percent to 41 million euros from 39 million euros a year ago. Pre-tax profit grew 3 percent from last year to 37 million euros, while operating profit...

Anglo American plc (AAUKY.PK, AAL.L) reported Tuesday that Kumba Iron ore's headline earnings for the first half of 2019 increased by 239 percent from the year-ago period to 10.1 billion South African Rand. The company noted that higher average realized iron ore prices and a weaker Rand contributed...

PZ Cussons Plc. (PZC.L), an international consumer products group, reported Tuesday that its profit before taxation the year ended 31 May 2019 declined 37.5 percent to 37.0 million pounds from a restated 59.2 million pounds last year. The decline in profit was largely driven by the non-cash impairment...

Risk insurance and reinsurance provider Beazley Group Plc (BEZ.L) reported Tuesday that first-half profit before tax surged 189 percent to $166.4 million from $57.5 million last year. Earnings per share climbed to 26.4 cents from 9.1 cents a year ago. In terms of pence, earnings per share improved...

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