TAIPEI, Nov 26- Taiwan stocks rose on Thursday, paced by gains in Fubon Financial Holdings after it posted a record net profit for the first nine months of the year. Bigger rival Cathay Financial added 0.8 percent. The Taiwan dollar firmed T $0.173 to T $32.474 per U.S. dollar.
Nov 25- Deere& Co on Wednesday reported a drop in quarterly earnings that was not as steep as Wall Street expected and gave a less dire outlook than analysts had feared, saying it was well-positioned to weather a worsening slump in demand for its farm equipment. Shares of the maker of John Deere tractors rose more than 2 percent in morning trading.
NEW YORK— Stocks wobbled on Wednesday and finished little changed before the Thanksgiving holiday in the U.S. A rebound by drugmakers Pfizer and Allergan boosted the health care sector, while consumer stocks like e-commerce giant Amazon.com and home retailer Home Depot rose in the last trading day before Black Friday unofficially kicks off the holiday...
Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.
We have to get our cost structure in line with the revenue trajectory, says Meg Whitman, Hewlett Packard Enterprise CEO, discussing the company's projected layoffs. We've got to rebalance this workforce.
Meg Whitman, Hewlett Packard Enterprise CEO, discusses the impact of the strong dollar on revenues. Also Whitman shares her thoughts on how expected upgrades for Windows 10 will impact PC sales.
We are going right to the heart of what our customers are asking, says Meg Whitman, Hewlett Packard Enterprise CEO, discussing the company's cloud strategy. Also Whitman discusses HPE's partnership with Azure and the turnaround in enterprise services.
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...