GO
Loading...

India

More

  • *Estimates Q3 adjusted profit of 16- 19 cents/ share. Oct 22- 3 D Systems Corp slashed its full-year revenue forecast that fell short of analysts' expectations as it struggles to capitalize on demand for 3 D metal printers due to manufacturing constraints. 3 D Systems, whose shares fell as much as 16.6 percent, has been investing heavily in increasing capacity at...

  • As virus spreads, insurers exclude Ebola from new policies Wednesday, 22 Oct 2014 | 12:31 PM ET

    As a result, new policies and renewals will become costlier for companies opting to insure business travel to West Africa or to cover the risk of losses from quarantine shutdowns at home, industry officials told Reuters. "What underwriters are doing at the moment is they're generally providing quotes either excluding or including Ebola- and it's much more...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar. Shares of EMC, which is under pressure from activist investor Paul Singer's Elliott Management Corp to spin off VMware, fell as much as 4 percent in early trading. The unit, owned 80 percent by EMC, forecast...

  • VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc.. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. "We view the Cisco/ VCE news as a' yawner' given that...

  • *Adjusted profit $0.72 per share vs est $0.68. *Revenue up 5 pct at $14.41 billion. Oct 22- Dow Chemical Co reported a better-than-expected profit as margins rose for the ninth straight quarter in its plastics business, its biggest, due to low raw material costs.

  • Oramed's oral insulin succeeds in study, shares jump Wednesday, 22 Oct 2014 | 8:53 AM ET

    Oct 22- Oramed Pharmaceuticals Inc said its oral insulin capsule appeared to be safe and was well-tolerated by diabetics in a mid-stage trial. The Israeli biotechnology company's shares jumped about 10 percent to $8.73 before the bell on Wednesday. The treatment, ORMD-0801, was being tested in 25 patients with type 1 diabetes, once known as juvenile diabetes.

  • Oct 22- 3 D printer maker 3 D Systems Corp estimated quarterly revenue well below the average analyst estimate, citing manufacturing constraints for its direct metal printers, sending its shares down 11 percent in premarket trading. 3 D Systems said it expected to report adjusted earnings of 16 cents- 19 cents per share for the third quarter ended September.

  • Oct 22- Advertising company Interpublic Group of Cos Inc reported quarterly revenue above analysts' expectations, helped by higher ad spending by U.S. businesses. Interpublic, whose clients include General Motors Co, Unilever Plc and Johnson& Johnson, reported organic revenue growth of 6.3 percent in the third quarter ended Sept 30. Interpublic, home to...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars. EMC's shares were down about 1 percent in premarket trading. EMC also cited the timing of its $3 billion share...

  • Oct 22- Ingersoll-Rand Plc, the maker of Trane airconditioners and Thermo King refrigeration units, reported a higher-than-expected quarterly profit as it sold more heating, ventilation and airconditioning systems. Ingersoll-Rand said revenue from the sale of Thermo King refrigeration systems rose by' a mid-teens percentage' in the third quarter as U.S....

  • The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1.16 billion, or $1.51 per share, a year earlier. The results easily topped analyst forecasts of $1.97 a share for core earnings and $1.86 for GAAP earnings per share, according to Thomson Reuters I/B/E/S. For 2014, the company said it expects core earnings to be between...

  • Shares of Ares Management LP, the alternative asset manager that went public in May, closed on Tuesday about 12 percent below their IPO price of $19. Ares Management runs Ares Capital Corp and was the first U.S. private equity firm to go public in about two years. Morgan Stanley, J.P. Morgan and Goldman Sachs were among the lead underwriters for Fifth Street's IPO.

  • 3D Systems estimates revenue below market expectations Wednesday, 22 Oct 2014 | 7:54 AM ET

    Oct 22- 3 D Systems Corp estimated quarterly revenue well below the average analyst estimate, citing manufacturing constraints, sending its shares down 11 percent in premarket trading. The three-dimensional printer maker said it expected to report adjusted earnings of 16 cents- 19 cents per share for the third quarter ended September. The company estimated...

  • UPDATE 1-Xerox revenue falls on lower printer sales Wednesday, 22 Oct 2014 | 7:53 AM ET

    Oct 22- Xerox Inc reported a 2 percent fall in quarterly revenue, hurt by slowing demand in its printing business. Net income attributable to Xerox fell to $266 million from $286 million. Xerox, which has been diversifying away from its printers and copiers, also forecast adjusted earnings of 30- 32 cents per share for the current quarter ending Dec. 31.

  • The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1.16 billion, or $1.51 per share, a year earlier. Core earnings, which exclude some pension and other costs, rose to $2.14 per share from $1.80. For 2014, the company said it expects core earnings to be between $8.10- $8.30 per share, up from its earlier forecast of $7.90-...

  • UPDATE 1-Dow Chemical profit beats as plastics sales rise Wednesday, 22 Oct 2014 | 7:36 AM ET

    Oct 22- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit for the fourth time in a row, helped by higher sales in its plastics and performance materials business units. Earnings before interest, taxes, depreciation, and amortization at the unit, the company's biggest by sales, rose 31 percent to $1.27 billion in...

  • *J&J says has discussed collaboration with GlaxoSmithKline. Johnson& Johnson said on Wednesday that it aims to produce at least 1 million doses of its two-step vaccine next year and has already discussed collaboration with Britain's GlaxoSmithKline, which is working on a rival vaccine. The World Health Organization hopes that tens of thousands of people in...

  • Oct 22- Advertising company Interpublic Group of Cos Inc reported an 8.3 percent rise in third-quarter revenue, helped by higher ad spending by U.S. businesses. Interpublic, whose agencies include McCann Erickson and FCB, said revenue rose to $1.84 billion in the three months ended Sept. 30 from $1.70 billion a year earlier. Net income available to common...

  • Ingersoll-Rand's quarterly profit jumps 76 pct Wednesday, 22 Oct 2014 | 7:16 AM ET

    Oct 22- Ingersoll-Rand Plc, the maker of Trane airconditioners and Thermo King refrigeration units, reported a 76 percent rise in quarterly profit as it sold more heating, ventilation and airconditioning systems. Net profit attributable to shareholders rose to $291.3 million, or $1.07 per share, in the third quarter ended Sept. 30 from $165.9 million, or 56 cents...

  • Angie's List revenue jumps 24 pct as ad sales rise Wednesday, 22 Oct 2014 | 7:11 AM ET

    Oct 22- Angie's List Inc, which operates a website that allows users to review local businesses, reported a 24 percent jump in quarterly revenue as it earned more from advertising and fees. The company's net loss narrowed to $5.2 million, or 9 cents per share, in the third quarter ended Sept. 30, from $13.5 million, or 23 cents per share, a year earlier.