Charles Schwab Third Quarter Earnings Beat Expectations

Charles Schwab Third Quarter Earnings Beat Expectations

Charles Schwab (SCHW) posted better-than-expected third quarter earnings on Monday helped by rising numbers of brokerage and bank accounts and an increase in total client assets. The financial services, bank and brokerage firm posted net income of $618 million, or $0.42 a share during the quarter, up from $503 million, or $0.35 a share in the year ago period. The third quarter result beat the consensus estimate of analysts polled […]

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D Systems Stumbles to 1.5-Yr Low on HP’s Plans for 3D Printer for Metal Objects

D Systems Stumbles to 1.5-Yr Low on HP’s Plans for 3D Printer for Metal Objects

3D Systems (DDD) shares stumbled to the lowest level since March 2016 after HP (HPQ) Thursday hinted it plans to sell 3D printers for metal objects. Currently, the company sells 3D printers that make plastic objects. HP plans to release more details of the new printer in 2018. “We are well positioned to lead in the core, accelerate growth opportunities, like A3 and graphics in printing and commercial transformation in […]

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Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor (LSCC) said Thursday that it expects Q3 revenue between approximately $91 million to $93 million, short of the estimate of $94.1 million from analysts polled by Capital IQ. The company sees Q4 revenue between approximately $92 million and $97 million, also missing the Street projection of $98.9 million and FY revenue of approximately $383 million to $388 million, shy of the Street expectation of $391.5 million For 2018 […]

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Lexmark International Names Ying Liu as CFO

Lexmark International Names Ying Liu as CFO

Lexmark International, a manufacturer of laser printers and imaging products, has named Ying (Vivian) Liu as chief financial officer, effective July 6. Liu joins Lexmark from Huawei Technology Inc. where she has served as vice president of finance, enterprise BG, since November 2016. Prior to joining Huawei, Liu spent eight years in finance positions with Cisco Systems (CSCO), most recently as director of finance, U.S. enterprise segment sales and service. […]

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Redhill Biopharma Starts Confirmatory Phase 3 Study

Redhill Biopharma Starts Confirmatory Phase 3 Study

Redhill Biopharma said Thursday it has started a confirmatory phase 3 study of RHB-105, now branded Talicia, for the treatment of H. pylori infection. The study plans to enroll 444 non-investigated dyspepsia patients with confirmed H. pylori infection in up to 65 clinical sites in the U.S. Subjects will be assessed for the study’s primary endpoint of eradication of H. pylori infection at 42 through 70 days after initiation of […]

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AbbVie, Principia Form Collaboration

AbbVie, Principia Form Collaboration

AbbVie, a biopharmaceutical company, said pre-market Tuesday it has formed a collaboration with Principia Biopharma, a clinical-stage biopharmaceutical company, for the development of oral immunoproteasome inhibitors. Financial terms were not disclosed. The collaboration is aimed at developing first-in-class oral therapies that bring the power of proteasome inhibition safely into the field of immunology. “The combination of AbbVie’s world-class expertise in immunology drug development with Principia’s innovative approach to immunoproteasome inhibitors […]

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Pandora Media Shares Gain

Pandora Media Shares Gain

Pandora Media shares edged up after the NY Post said Verizon (VZ) is considering a $100 million investment in the company if Pandora fails to reach an outright sale to SiriusXM (SIRI). Verizon could be interested in data from Pandora’s 80 million, mostly young mobile users, the story noted. If Pandora and SiriusXM can’t come to terms, Pandora has lined up other options. Private equity firm KKR (KKR) said last […]

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