Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

(At item published on Aug. 28 at 4:21 pm ET incorrectly said in the final paragraph the monthly cash distribution was unchanged when in fact the previous distribution was $0.0833 per share. The corrected version follows.) Prospect Capital (PSEC) late Monday reported fiscal Q4 net income of $0.14 per share, slipping from a $0.27 per share profit during the year-ago period. Net investment income in the quarter ended June 30 […]

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Raytheon Wins Defense Department Contract

Raytheon Wins Defense Department Contract

Raytheon has been awarded a $104.9 million firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for Griffin Missiles, the U.S. Defense Department said in a notice on its web site. The contract provides for delivery of all variants of Griffin standoff precision-guided munitions and corresponding production, test and engineering support, and work is expected to be completed by year-end 2018. The award is the result of a sole-source acquisition, and fiscal 2016 and 2017 […]

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Mondelez Posts Mixed Results

Mondelez Posts Mixed Results

Mondelez International, a US snack-foods company, reported earnings for the second quarter that topped analysts estimates, even as revenue dropped 5% amid a global cyber attack incident that hindered shipments in June. Earnings per share rose to $0.48, compared with $0.44 per share a year earlier, the maker of Oreo cookies said on Wednesday. Analysts polled by Capital IQ expected $0.45. Revenue fell 5% to $5.99 billion, while analysts expected […]

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Illinois Tool Works Posts Q2 EPS Beat, Shy on Revenues

Illinois Tool Works Posts Q2 EPS Beat, Shy on Revenues

Illinois Tool Works Monday topped Street views on Q2 earnings, but missed slightly on revenues, and upped 2017 guidance. The company reported Q2 adjusted EPS of $1.66 per share, two cents above the consensus provided by Capital IQ. Reported EPS was $1.69 per share, up from $1.46 per share a year earlier. Illinois Tool reported Q2 revenues of $3.60 billion, just below the $3.61 billion Street view, though up from […]

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Sevcon Shares Jump

Sevcon Shares Jump

Sevcon, Inc. shares rose to a new record on Monday after BorgWarner (BWA), a provider of technologies for combustion, hybrid and electric vehicles, said it has agreed to acquire the provider of electrification technologies for $22 per share or $200 million. SEV shares were higher 59% at $21.70, trading in a new 52-week range between $8.10 and $22.10. BWA shares rose to their highest level since August 2015 and trades […]

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Associated British Foods Posts Better-Than-Expected Q3 Results

Associated British Foods Posts Better-Than-Expected Q3 Results

Associated British Foods raised its outlook slightly for the full year on Thursday as it published fiscal third quarter results which were better-than-expected thanks to stronger profits at its clothing chain Primark. The London-headquartered company, which produces foods, ingredients and retail goods, said that underlying operational performance of the group was ahead of forecast in its fiscal third quarter as a result of stronger profit delivery from Primark which it […]

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European ADRs Trade Lower

European ADRs Trade Lower

American depository receipts of European stocks were trading 0.07% lower at 134.98 on the Bank of New York Mellon Europe ADR Index on Thursday. In continental Europe, the gainers were led by online hotel search platform Trivago (TRVG), and insurance provider Aegon (AEG), which rose 5.8% and 4.0% respectively. They were followed by Deutsche Bank (DB), and financial services firm Credit Suisse (CS), which climbed 2.9% and 2.6% each. The […]

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