Nov 25- Deere& Co posted a sharp drop in quarterly earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new fiscal year. Still, shares of the maker of John Deere tractors rose 5 percent in premarket trading as the profit exceeded Wall Street estimates. In the fourth quarter ended on Oct. 31, net income...
Some of the names on the move ahead of the open.
WEST WARWICK, R.I. _ Astro-Med Inc. on Wednesday reported fiscal third-quarter profit of $1.3 million. The West Warwick, Rhode Island- based company said it had profit of 18 cents per share. Astro-Med shares have decreased 19 percent since the beginning of the year.
MINNEAPOLIS _ Donaldson Co. on Wednesday reported fiscal first-quarter earnings of $38.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Five analysts surveyed by Zacks expected $555.7 million.
Nov 25- Deere& Co, an agriculture and construction equipment maker, posted higher-than-expected quarterly earnings on Wednesday even as weak global demand for farm equipment and soft commodity prices pressured sales. The company forecast sales to be down about 7 percent in the new fiscal year, with net income attributable to Deere at about $1.4 billion.
MOLINE, Ill.— Even though sales of its green tractors, bulldozers and other equipment fell sharply, Deere& Co. reported better-than-expected fourth-quarter earnings as it cut costs. The Moline, Illinois- based company also posted an earnings outlook for the year that surpassed Wall Street expectations. For the quarter ending Oct. 31, it reported fiscal...
BEIJING, Nov 25- CITIC Securities Co Ltd on Wednesday said a $166 billion reporting error would not have any impact on the financial results of China's biggest brokerage. Inaccurate monthly reports submitted to the securities association from April to September inflated the size of CITIC's derivative business by 1.06 trillion yuan, the association said on...
HPQ is still in the process of adjusting its costs to match declining revenue, says David Garrity, principal at GVA Research.
SINGAPORE— Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves. Singapore, a city-state at the tip of peninsula Malaysia, is the wealthiest economy in Southeast Asia but has shifted to lower growth rates in the past decade as other countries...
HP's PC business will suffer as more people use alternative web-access devices, notes Ivan Feinseth, CIO at Tigress Financial Partners.
VANCOUVER, British Columbia _ Ico Therapeutics Inc. on Tuesday reported a loss of $127,000 in its third quarter. The Vancouver, British Columbia- based company said it had a loss of less than 1 cent on a per-share basis. Keywords: Ico Therapeutics, Earnings Report.
Not just impervious to the depredations of small children, Lego also appears largely immune to the global climate of political and stock market volatility.
Nov 24- HP Inc, which houses former Hewlett-Packard Co's legacy printer and PC business, cut its full-year adjusted profit forecast, hurt by weak PC and printer sales. HP Inc said it now expected an adjusted profit of $1.59- $1.69 per share for 2016, compared with its previous forecast $1.67- $1.77 per share. The results are the last for Hewlett-Packard, the tech...
PLEASANTON, Calif. _ Veeva Systems Inc. on Tuesday reported fiscal third-quarter profit of $10.5 million. For the current quarter ending in January, Veeva expects its per-share earnings to be 11 cents. Veeva expects full-year earnings in the range of 46 cents to 47 cents per share, with revenue ranging from $404 million to $406 million.
Hewlett-Packard Inc. and Hewlett-Packard Enterprise reported a Q4 earnings miss. Dan Ives, FBR Capital Markets, discusses potential acquisitions to come from HPQ.
SAN FRANCISCO— Hewlett-Packard went out with a whimper Tuesday, as the venerable computer-maker issued its final quarterly earnings report as a unified tech conglomerate, showing another drop in sales for most of its business divisions. HP Inc. also forecast adjusted earnings for the current quarter will be within the range of 33 to 38 cents a share, which is...
SANTA BARBARA, Calif. _ QAD Inc. on Tuesday reported fiscal third-quarter earnings of $2.6 million. QAD Inc. expects full-year earnings to be 68 cents per share, with revenue expected to be $279 million. QAD Inc. shares have risen 18 percent since the beginning of the year.
LOS ANGELES _ Guess Inc. on Tuesday reported fiscal third-quarter earnings of $12.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Three analysts surveyed by Zacks expected $521.7 million.
ST LOUIS _ Caleres Inc. on Tuesday reported fiscal third-quarter net income of $34 million. Caleres Inc. expects full-year earnings in the range of $1.95 to $2 per share, with revenue expected to be $2.61 billion. Caleres Inc. shares have dropped 10 percent since the beginning of the year.
SAN JOSE, Calif. _ TiVo Inc. on Tuesday reported fiscal third-quarter profit of $5.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. TiVo shares have dropped 22 percent since the beginning of the year.