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CNBC Utilities Page Companies

  • *EDF shares fall, among worst performers in Paris. PARIS, Oct 30- Shares in French state-controlled power group EDF fell on Monday after the utility lowered its 2017 nuclear power output and earnings targets after postponing the restart of its Tricastin nuclear power plant. The stock, which remains up by roughly 25 percent since the start of 2017, was among the...

  • Oct 30- Hong Kong shares fell on Monday, bucking the trend in Asia markets, with sentiment hurt by a slump in mainland stocks that was triggered by liquidity concerns. Increasing cross-border flows have made Hong Kong more vulnerable to swings in China markets. Shares of BYC Co Ltd fell over 2 percent in Hong Kong, after the Chinese automaker backed by Warren...

  • TOKYO, Oct 30- Japan's Nikkei share average edged down in choppy trade on Monday morning as falls in financials countered gains in Apple suppliers after shares in the iPhone maker soared on Friday. "Ahead of major economic events in the Japanese and global markets this week, investors are a bit cautious," said Hikaru Sato, a senior technical analyst at Daiwa...

  • MEXICO CITY, Oct 27- Mexican miner Penoles on Friday reported a third-quarter profit of 2.78 billion pesos, up nearly 50 percent from the same quarter last year, though revenue fell on mixed prices for metals. Penoles said revenue for the quarter fell about 3 percent to 20.06 billion pesos. Shares in the company closed up 1.52 percent at 441.65 pesos per share...

  • TORONTO, Oct 27- Shares of Brazilian miner Nexa Resources Inc rose 7 percent on their first day of trade in New York and Toronto on Friday, a signal that investors are warming up to the mining sector, its chief executive said. Nexa, one of the world's top five zinc producers with three underground mines in Peru and two in Brazil, had priced its initial public offering at...

  • Oct 27- AbbVie Inc forecast its flagship drug Humira to bring $21 billion in sales by 2020, about $3 billion higher than its expectation two years ago, driving the U.S. drugmaker's shares up 4 percent on Friday. AbbVie also reported third-quarter earnings above Wall Street estimates, as it sold more of Humira the world's best selling prescription medicine and...

  • Oct 27- Tenet Healthcare Corp said on Friday it would lay off about 1,300 employees, or 1 percent of its total workforce, as the hospital operator looks to cut costs by $150 million in 2018.. Shares of Tenet, expected to report its third-quarter results after the market closes on Nov. 6, jumped 8.9 percent to $14 in premarket trading. The company, which had a long-term...

  • HOUSTON, Oct 27- Chevron Corp reported a lower-than-expected quarterly profit on Friday as U.S. production slipped, offsetting a rise in oil and natural gas prices. Shares of the San Ramon, California- based company fell 1.2 percent to $117 in premarket trading. Net income in the third quarter was $1.95 billion, or $1.03 per share, compared with $1.28 billion, or 68...

  • Oct 27- AbbVie Inc on Friday said it expects its flagship drug Humira to bring $21 billion in sales by 2020, about $3 billion higher than its expectation two years ago. "In a very choppy earnings season, have to hand it to AbbVie for delivering," Evercore ISI analyst Joshua Schimmer wrote in a note, adding the drugmaker's growth is expected to be sustainable for the...

  • Oct 27- Australia's biggest investment bank Macquarie Group Ltd posted record first-half profits on Friday, an upgrade to its full-year earnings forecast and plans to buyback up to A $1 billion in the firm's shares. The bank said strong performance fees helped lift net profit 19 percent to A $1.25 billion in the six months to Sept. 30, well above the average A $1.14...

  • SAN FRANCISCO, Oct 26- Alphabet Inc on Thursday reported stronger-than-expected advertising sales and higher operating margins, boosting its shares as investors brushed off concerns about higher costs for acquiring mobile users. Profit of $6.7 billion, or $9.57 per share, was well ahead of Wall Street estimates. Google Chief Executive Sundar Pichai told...

  • Oct 26- Online travel services company Expedia Inc reported quarterly profit below Wall Street's consensus forecast, sending the brand's shares tumbling in after-hours trading on Thursday. Total quarterly revenue rose to $2.97 billion, from $2.58 billion a year earlier, and compared to an average estimate of $2.98 billion, according to Thomson Reuters...

  • Shares of the world's largest software company rose 3.1 percent to $81.20 in trading after the bell. Under Chief Executive Satya Nadella, Microsoft's cloud business- which includes products such as Office 365, Dynamic 365 and the flagship Azure computing platform- has emerged as a major source of growth. Revenue from Microsoft's intelligent cloud business...

  • Shares of the world's largest software company rose 3.1 percent to $81.20 in trading after the bell. Under Chief Executive Satya Nadella, Microsoft's cloud business- which includes products such as Office 365, Dynamic 365 and the flagship Azure computing platform- has emerged as a major source of growth. Revenue from Microsoft's intelligent cloud business...

  • Oct 26- U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, a person familiar with the matter said on Thursday. Aetna shares rose more than 11 percent, or $18.48, to $178.60, while CVS shares fell 3 percent, or $2.22, to $73.31. The source did not specify how much of CVS' bid is...

  • The company's shares were up nearly 3 percent at $1,020 after the bell. Third-quarter revenue for Alphabet, the parent company of Google, jumped 24 percent to $27.8 billion, above the average analysts' estimate of $27.2 billion. Profit of $6.7 billion, or $9.57 per share, was well ahead of Wall Street estimates.

  • Shares of the world's largest software company rose nearly 4 percent to $81.90 in trading after the bell. Under Chief Executive Satya Nadella, Microsoft's cloud business- which includes products such as Office 365, Dynamic 365 and the flagship Azure computing platform- has emerged as a major source of growth. Revenue from Microsoft's intelligent cloud...

  • Oct 26- U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, a person familiar with the matter said on Thursday. Aetna shares rose more than 11 percent, or $18.48, to $178.60, while CVS shares fell 3 percent, or $2.22, to $73.31. The Wall Street Journal reported on the talks...

  • The company's shares were up nearly 3 percent at $1,020 after the bell. Third-quarter revenue for Alphabet, the parent company of Google, jumped 24 percent to $27.8 billion, above the average analysts' estimate of $27.2 billion. Profits of $6.7 billion, or $9.57 per share, were well ahead of estimates.

  • CEO Doug Parker said on an earnings call that the airline would work with a U.S. civil rights group that called on Tuesday for black travelers to avoid American because of what the group called a pattern of racially biased incidents. Earlier this year, American said it offered an unexpected mid-contract pay increase to its pilots and flight attendants, which...