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Wires

  • PLANO, Texas _ Denbury Resources Inc. on Thursday reported a loss of $385.7 million in its fourth quarter. On a per-share basis, the Plano, Texas- based company said it had a loss of 99 cents. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 2 cents per share.

  • CAMBRIDGE, Mass. _ Sage Therapeutics Inc. on Thursday reported a loss of $55.9 million in its fourth quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share. Sage Therapeutics shares have risen 21 percent since the beginning of the year.

  • KHOBAR, Saudi Arabia, Feb 23- Saudi Aramco's initial public offering could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview broadcast on...

  • *Trims net debt to $25.08 billon. BRASILIA, Feb 23- Brazilian miner Vale SA reported on Thursday net profit of $525 million for the fourth quarter, falling short of analyst expectations but reversing a heavy loss in the period a year earlier thanks to record output and higher iron ore prices. Analysts at Bernstein said the results were positive, noting the company...

  • AUSTIN, Minn. _ Hormel Foods Corp. on Thursday reported fiscal first-quarter earnings of $235.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Four analysts surveyed by Zacks expected $2.29 billion.

  • CHICAGO _ LSC Communications on Thursday reported net income of $9 million in its fourth quarter. LSC Communications expects full-year revenue in the range of $3.55 billion to $3.65 billion. LSC Communications shares have dropped 11 percent since the beginning of the year.

  • ATLANTA _ Carter's Inc. on Thursday reported fourth-quarter profit of $87.1 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share. Four analysts surveyed by Zacks expected $914 million.

  • TORONTO _ Alamos Gold Inc. on Thursday reported a loss of $20.6 million in its fourth quarter. The Toronto- based company said it had a loss of 8 cents per share. Alamos Gold shares have climbed 17 percent since the beginning of the year.

  • SAINT HELIER, Jersey _ NovoCure Ltd. on Thursday reported a loss of $22.2 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share. NovoCure shares have dropped almost 9 percent since the beginning of the year.

  • SOLON, Ohio _ Energy Focus Inc. on Thursday reported a fourth-quarter loss of $7.8 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share. Four analysts surveyed by Zacks expected $8.6 million.

  • GARFIELD HEIGHTS, Ohio _ Chart Industries Inc. on Thursday reported a loss of $3.3 million in its fourth quarter. Chart Industries expects full-year earnings in the range of 60 cents to $1 per share, with revenue in the range of $875 million to $925 million. Chart Industries shares have risen roughly 7 percent since the beginning of the year.

  • RESTON, Va. _ Leidos Holdings Inc. on Thursday reported fourth-quarter earnings of $59 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Leidos expects full-year earnings in the range of $3.05 to $3.35 per share, with revenue in the range of $10 billion to $10.4 billion.

  • LONDON, Feb 23- BAE Systems, the world's third-largest defence contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programmes such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016...

  • LONDON, Feb 23- BAE Systems, the world's third-largest defense contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programs such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016...

  • HOUSTON _ Civeo Corp. on Thursday reported a loss of $15.9 million in its fourth quarter. The Houston- based company said it had a loss of 15 cents per share. For the current quarter ending in April, Civeo said it expects revenue in the range of $85 million to $90 million.

  • HICKORY, N.C. _ CommScope Holding Co. on Thursday reported fourth-quarter net income of $54.5 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. For the current quarter ending in April, CommScope expects its per-share earnings to...

  • SAO PAULO, Feb 23- Brazilian police made two arrests and carried out 15 search warrants in the state of Rio de Janeiro on Thursday in the latest phase of a sweeping investigation into corruption at state-run oil company Petroleo Brasileiro SA. The sprawling, three-year-old graft probe, named Operation Car Wash after its origins at a gas station in the capital...

  • CAIRO, Feb 23- Egypt's Finance Ministry is recommending the implementation of a stamp duty on stock exchange transactions of 0.2 percent on both sellers and buyers, a senior ministry official told Reuters on Thursday. Egypt imposed a stamp duty on buyers and sellers in May 2013, collecting more than 350 million Egyptian pounds in revenue before the levy was...

  • PLANO, Texas _ Cinemark Holdings Inc. on Thursday reported fourth-quarter profit of $77 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Six analysts surveyed by Zacks expected $704.5 million.

  • SANTA MONICA, Calif. _ Jakks Pacific Inc. on Thursday reported a loss of $7.6 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.