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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BoC’s Outlook Survey Reveals Ongoing Positive Business Sentiment

BoC’s Outlook Survey Reveals Ongoing Positive Business Sentiment

The Bank of Canada’s Outlook Survey revealed ongoing positive business sentiment nationally, although several survey indicators moderated from strong summer results. The survey showed expectations for sustained sales growth across regions, building on solid summer results. Firms in some sectors anticipate a return to a more sustainable pace. Investment and employment indicators moderated from recent highs, consistent with continued, though somewhat less widespread plans to boost hiring and investment. A […]

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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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Wells Fargo Misses on Third Quarter Earnings

Wells Fargo Misses on Third Quarter Earnings

Wells Fargo (WFC) missed analysts’ expectations for its earnings and revenue in the third quarter as a $1 billion discrete litigation accrual for a mortgage-related regulatory investigations weighed. The San Francisco-based bank reported adjusted earnings per share of $0.84 in the period, down from $1.03 in the prior-year quarter and missing the mean estimate of analysts polled by Capital IQ for $1.03 per share. It said that the result was […]

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Alphabet’s Price Target From Pivotal Boosted to $970 From $940 Ahead of Q3 Report

Alphabet’s Price Target From Pivotal Boosted to $970 From $940 Ahead of Q3 Report

Alphabet (GOOG) received a price-target increase Thursday from Pivotal Research Group as the firm, in making adjustments to its estimates ahead of Q3 results, said it may have been too conservative on the Google parent company’s near-term margins. The new price target from Pivotal is $970 per share, up from $940. However, this is still below the stock’s Wednesday closing price of $989.25, and came as Pivotal maintained its hold […]

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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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Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

French health care company Sanofi (SNY) said on Thursday that it will invest 170 million euros ($201.6 million) into expanding its vaccine manufacturing site in the Normandy region of France as it seeks to ramp up the supply of one of its key flu vaccines. The new facility, located in Val de Reuill, will allow Sanofi Pasteur, the global vaccines business unit of Sanofi, to expand supply of its four-strain […]

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