MALVERN, Pa. _ Vishay Intertechnology Inc. on Tuesday reported a fourth-quarter loss of $137.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Malvern, Pennsylvania- based company said it had a loss of 93 cents. Three analysts surveyed by Zacks expected $560 million.» Read More
NEW YORK— Canadian utility Fortis is buying electric transmission company ITC Holdings in a cash-and-stock deal valued at about $6.9 billion as it looks to further diversify its business. Once the transaction closes, Novi, Michigan- based ITC will become a Fortis subsidiary. Fortis said that it will apply for a listing on the New York Stock Exchange and will...
LOS ANGELES _ Aecom Technology Corp. on Tuesday reported a loss of $20.4 million in its fiscal first quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share. Aecom expects full-year earnings in the range of $3 to $3.40 per share.
LONDON— Britain's media have lost a challenge to the unprecedented secrecy in the coverage of the trial of a British law student who had been accused of targeting former Prime Minister Tony Blair or planning a Mumbai-style attack. The U.K. Court of Appeal announced its decision Tuesday. While Judge John Thomas emphasized the importance of open justice, he says...
Feb 9- Oil and gas producer WPX Energy Inc said it would sell natural gas assets in Colorodo's Piceance basin for $910 million to boost its liquidity amid a prolonged slump in oil prices. WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company owned by investment manger Kayne Anderson and private equity firm...
CLEVELAND _ TransDigm Group Inc. on Tuesday reported fiscal first-quarter earnings of $114.9 million. TransDigm expects full-year earnings in the range of $10.65 to $10.89 per share, with revenue in the range of $3.14 billion to $3.19 billion. TransDigm shares have decreased 6 percent since the beginning of the year.
BILLERICA, Mass. _ Entegris Inc. on Tuesday reported fourth-quarter earnings of $17.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. For the current quarter ending in April, Entegris expects its per-share earnings to range from 13 cents to 17 cents.
However, net income attributable to shareholders jumped 60.6 percent to $1.24 billion, or 28 cents per share, in the fourth quarter ended Dec. 31. Selling, general and administrative expenses fell 9.2 percent to $3.94 billion. Analysts on average had expected earnings of 37 cents per share and revenue of $9.91 billion, according to Thomson Reuters I/B/E/S.
TEL AVIV, Israel _ Compugen Ltd. on Tuesday reported a loss of $472,000 in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. Three analysts surveyed by Zacks expected $4.3 million.
CVS forecast an adjusted profit of $1.14- $1.17 per share for the first quarter, below the average analyst estimate of $1.18, according to Thomson Reuters I/B/E/S. The net income attributable to the company rose 13.4 percent to $1.50 billion, or $1.34 per share, in the fourth quarter ended Dec. 31, helped by strong demand in its pharmacy business.
ANGLETON, Texas _ Benchmark Electronics Inc. on Tuesday reported fourth-quarter earnings of $39.4 million. The Angleton, Texas- based company said it had profit of 77 cents per share. For the year, the company reported profit of $95.4 million, or $1.83 per share.
JACKSONVILLE, Fla. _ Fidelity National Information Services Inc. on Tuesday reported fourth-quarter profit of $105.2 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 93 cents per share. Five analysts surveyed by Zacks expected $1.93 billion.
TAYLOR, Mich. _ Masco Corp. on Tuesday reported fourth-quarter earnings of $75 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Masco shares have declined 17 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen slightly more than 9 percent.
*Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever on Tuesday. * "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming...
WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company owned by investment manger Kayne Anderson and private equity firm Warburg Pincus.
MOSCOW, Feb 9- Russia will support the candidacy of Christine Lagarde for her second term as the managing director of the International Monetary Fund, Russian Finance Minister Anton Siluanov said on Tuesday. "Christine Lagarde has shown to be an effective leader in a difficult period for the world economy and for the Fund itself," Siluanov said.
Feb 9- Prominent oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as tottering global markets extended last year's gloom that cost the hedge fund its biggest annual loss of 36 percent. The epicenter of January's market anxiety was China, and the U.S. The January loss caused assets under management at the Southport, Connecticut-...
Feb 9- Viacom Inc, the owner of television channel MTV and movie studio Paramount, reported a bigger-than-expected drop in quarterly revenue, hurt by lower income from advertising in the United States and a lack of hit movie releases in the period. Revenue in the company's filmed entertainment division, which includes Paramount, fell 15 percent to $612 million,...
FORT VALLEY, Ga. _ Blue Bird Corp. on Tuesday reported a loss of $2.3 million in its fiscal first quarter. Blue Bird shares have decreased 6 percent since the beginning of the year. Keywords: Blue Bird, Earnings Report.
YORK, Pa. _ P.H. Glatfelter Co. on Tuesday reported fourth-quarter net income of $34.3 million. The York, Pennsylvania- based company said it had net income of 78 cents per share. Glatfelter shares have dropped 17 percent since the beginning of the year.
*Q4 adjusted operating profit 17.6 mln euros, down 31 pct. *Analysts in Reuters poll expected 24.5 mln euros. HELSINKI, Feb 9- Finnish mining technology company Outotec missed fourth-quarter earnings forecasts and warned that demand from miners would weaken further this year, sending its shares down 20 percent on Tuesday.