×

CNBC Utilities Page Wires

  • *Graft allegations concern Guinea, Togo port contracts. *Guinea president in 2016 said "I favour friends". Bollore, whose logistics empire is a powerhouse in former French colonies across West Africa, is suspected of corrupting foreign public officials and complicity in corruption, his lawyer has said.

  • The company said its expects net revenue for the second quarter between $2.64 billion and $2.68 billion, below analysts' average estimate of $2.69 billion, according to Thomson Reuters I/B/E/S. The company forecast second-quarter profit in the range of 50 cents to 52 cents per share, below analysts' estimates of 52 cents. The company's net income fell to $407...

  • April 25- Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data. "Everybody keeps talking about how bad things are for Facebook, but this earnings report to me is very positive, and reiterates that...

  • HAMILTON, Bermuda _ Everest Re Group Ltd. on Wednesday reported first-quarter earnings of $210.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.29 per share. Everest Re shares have increased nearly 9 percent since the beginning of the year.

  • NEW YORK— Payment processing giant Visa is reporting a sharp jump in its fiscal second-quarter profits from a year earlier, as more shoppers spent money on Visa's network across all its major markets. The San Francisco- based company said it earned $2.61 billion in the period ending March 30, or $1.11 a share. Visa's profit beat the expectations of analysts, who...

  • HOUSTON _ Kraton Performance Polymers Inc. on Wednesday reported first-quarter profit of $22.1 million. On a per-share basis, the Houston- based company said it had net income of 68 cents. Kraton shares have climbed roughly 4 percent since the beginning of the year.

  • FAIRFIELD, Ohio _ Cincinnati Financial Corp. on Wednesday reported a first-quarter loss of $31 million, after reporting a profit in the same period a year earlier. The Fairfield, Ohio- based company said it had a loss of 19 cents per share. Cincinnati Financial shares have fallen slightly since the beginning of the year, while the Standard& Poor's 500 index has...

  • *S&P 500, Dow end session in positive territory. NEW YORK, April 25- Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs. "Investors are aware that the tax cuts have certainly boosted earnings and they have also seen an increase in top...

  • The Highlands Ranch, Colorado- based real estate investment trust said it had funds from operations of $139.3 million, or 47 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents per share. Five analysts surveyed by Zacks expected $253 million.

  • SANTA CLARA, Calif. _ ServiceNow Inc. on Wednesday reported first-quarter net income of $10.6 million, after reporting a loss in the same period a year earlier. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Eleven analysts surveyed by Zacks expected $573 million.

  • The results announced Wednesday, particularly in Qualcomm's smartphone chip business, were in contrast to those from major mobile phone components makers in Asia including TSMC and SK Hynix Inc, which have warned of slower growth in their smartphone chip divisions. Qualcomm on Wednesday forecast current-quarter revenue of between $4.8 billion and $5.6...

  • WASHINGTON, April 25- Facebook Inc said on Wednesday it has declined an invitation to testify at a U.S. House of Representatives hearing Thursday on filtering practices by social media companies, a company spokesman said. Alphabet Inc and Twitter Inc have also been invited to testify at the House Judiciary Committee hearing, but have not said whether they will...

  • COLUMBUS, Ga. _ Aflac Inc. on Wednesday reported first-quarter earnings of $717 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ISS BACKS ELECTION OF ALL STURM RUGER DIRECTOR NOMINEES AHEAD OF MAY 9 SHAREHOLDER MEETING.

  • INDIANAPOLIS _ Duke Realty Corp. on Wednesday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 30 cents per share. For the current quarter ending in July, Duke Realty expects its per-share funds from operations to range from $1.26 to...

  • SAN DIEGO _ Qualcomm Inc. on Wednesday reported fiscal second-quarter earnings of $363 million. Five analysts surveyed by Zacks expected $5.2 billion. For the current quarter ending in July, Qualcomm expects its per-share earnings to range from 65 cents to 75 cents.

  • *US shouldn't ditch Iran nuclear deal without new accord-Macron. NEW YORK, April 25- Oil prices rose on Wednesday despite data showing rising U.S. inventories, holding within sight of three-year highs reached the previous day on geopolitical tensions including the prospect of fresh sanctions on Iran. French President Emmanuel Macron forcefully challenged...

  • SUNNYVALE, Calif. _ Advanced Micro Devices Inc. on Wednesday reported first-quarter net income of $81 million, after reporting a loss in the same period a year earlier. Nine analysts surveyed by Zacks expected $1.55 billion. Analysts surveyed by Zacks had expected revenue of $1.58 billion.

  • DETROIT, April 25- Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. Ford said it now expects to hit a pretax profit margin of 8 percent globally and 10 percent in...

  • The real estate investment trust, based in Arlington, Virginia, said it had funds from operations of $301.8 million, or $2.18 per share, in the period. The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $2.18 per share. Six analysts surveyed by Zacks expected $558.5 million.