EDEN PRAIRIE, Minn.— Stratasys' second-quarter adjusted profit and revenue beat analysts' estimates, but the maker of 3- D printers cautioned on slower industry growth and withdrew its full-year outlook. Stratasys provided third-quarter guidance well below Wall Street's view. For the period ended June 30, Stratasys lost $22.9 million, or 55 cents per share.» Read More
July 21- Printer maker Lexmark International Inc forecast third-quarter profit well below Wall Street's estimates and said it would cut about 500 jobs as it absorbs recently acquired businesses. Lexmark said the restructuring is expected to generate $2 million savings in 2015 and annualized savings of $65 million beginning in 2017..
July 21- Printer maker Lexmark International Inc said it would cut 500 jobs, or about 4 percent of its global workforce, as the company integrates its recently acquired businesses and tries to soften the impact of a strong dollar. Lexmark swung to a quarterly loss in the second quarter ended June 30, hurt by an 11 percent decline in revenue in its imaging solutions...
Antonio Neri, senior vice president and general manager at HP Enterprise Group, discusses the announcement that HP will formally divide into two publicly-traded companies by November 1.
Companies – even new ones – appear to be skipping out on capex, but that spending may just not get counted because your kid is playing with it, UBS said.
Phone-based customer service could soon improve, thanks to this company, whose aim is to provide a better, faster call-center experience.
The virtual office has made communications among far-flung teams tough, but this business app lets people share data from any device.
April 28- 3 D printer maker Stratasys Ltd estimated revenue and profit below analysts' expectations for the first quarter, citing a strong dollar and decline in capital spending by its customers, particularly in North America. Stratasys said it now expects revenue of $800 million to $860 million. Stratasys estimated adjusted profit of 2- 4 cents per share for the...
April 28- Printer maker Lexmark International Inc reported a 3 percent decline in quarterly revenue, hurt by lower revenue from its imaging solutions and services business. Lexmark's imaging solutions and services business includes monochrome and color laser printers and supplies and services covering its printing products. Up to Monday's close, shares...
April 24- Xerox Corp, cut its 2015 profit forecast, blaming a strong dollar, and reported quarterly revenue below Wall Street's expectations, hurt mainly by lower printer sales and higher costs. Shares of Xerox, which got a third of its revenue from outside the United States last year, fell 4.5 percent in premarket trading on Friday. Xerox lowered its 2015 adjusted...
April 24- Xerox Corp, best known as a maker of printers and copiers, reported a 6 percent fall in quarterly revenue, hurt by lower printer sales and a stronger dollar. Net income attributable to Xerox fell to $225 million, or 19 cents per share, in the first quarter ended March 31, from $281 million, or 23 cents per share, a year earlier. Revenue fell to $4.47 billion from...
Feb 26- 3 D printer maker 3 D Systems Corp said it expected higher profits in 2015 as the company planned to "moderate its M&A activities" and focus on leveraging recently-acquired assets. 3 D Systems also forecast 2015 adjusted profit and revenue in line with analysts' estimates. 3 D Systems forecast adjusted profit of 90 cents- $1.10 per share and revenue of $850...
Feb 26- 3 D printer maker 3 D Systems Corp reported a lower-than-expected quarterly profit as the company invested heavily in research and development and acquisitions. 3 D Systems' operating expenses jumped about 38 percent in the fourth quarter as the company spent on increasing production capacity and enhancing its technology infrastructure.
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Canon reported a slight rise in profit thanks to a weak yen, even as its camera business struggled to attract photographers.
Japan's Canon reported a slight rise in profit thanks to a weaker yen, even as its camera business struggled to attract photographers.
Tim Bajarin, President at Creative Strategies, says the tech giant is is facing very strong competition in servers.
Modems and routers are bigger energy hogs than laptops and cell phone chargers. On a national scale, it’s pretty staggering: $1 billion a year in electricity.
What’s the next economic revolution? According to General Electric Chief Economist Marco Annunziata, it’s the “industrial Internet” — intelligent machines such as jet engines, power turbines and medical devices.
In Europe, China and America, the major determinants of economic and market performance in the year ahead are political, not economic.
The startup Bromium is taking a completely new approach to security software, using virtualization technology. But will it shake up the $60 billion market?