• Snap to Start Shipping Spectacles 3 in Fall

    Snap to Start Shipping Spectacles 3 in Fall

    Snap (SNAP) is rolling out the latest version of its photo and video-taking sunglasses product, Spectacles 3, as the parent of picture-sharing app Snapchat deepens its offerings amid gains in active users. The glasses have two cameras “designed to capture the world in 3D,” Snap said in a statement on […]

  • (AP)
Biz02-holiday-021617-AP
Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)

    Wells Fargo Staying Neutral in Equities

    Wells Fargo’s investment advisory arm is staying neutral in equities “for now” and has a base case that the US and China will reach a trade deal “at some point,” even as increased rhetoric between the countries prompted slide in markets and elevated volatility this week. Scott Wren, senior global […]

  • Dunkin’ Brands Slides on Second-Quarter Revenue Miss

    Dunkin’ Brands Slides on Second-Quarter Revenue Miss

    Dunkin’ Brands Group (DNKN) shares slid Thursday afternoon after the Dunkin’ and Baskin-Robbins operator’s second-quarter revenue missed expectations. Canton, Mass.-based Dunkin’ said revenue in the quarter ended June 30 rose to $359.3 million from $350.6 million in the prior-year period. Capital IQ had expected $360.3 million. Diluted adjusted per-share earnings […]

  • Sanofi Lifts Full-Year Guidance

    Sanofi Lifts Full-Year Guidance

    French health care company Sanofi (SNY) raised its full-year earnings guidance on Monday as it posted better-than-expected results for its second-quarter which were supported by triple-digit growth in sales of prescription medicine Dupixent. The Paris-headquartered company reported revenue of 8.63 billion euros ($9.60 billion) in the second-quarter, up 5.5% from […]

  • Crane Lowers Full-Year Earnings Guidance Despite Second-Quarter Revenue Beating Analysts’ Expectations

    Crane Lowers Full-Year Earnings Guidance Despite Second-Quarter Revenue Beating Analysts’ Expectations

    Industrial products manufacturer Crane (CR) lowered its full-year earnings guidance after markets closed on Monday as it posted second-quarter revenue and adjusted earnings per share which beat analysts’ estimates. The Stamford, Conn.-based company generated revenue of $841.6 million in the three months ended June 30, down from $851.0 million a […]

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Stock Central

Snap to Start Shipping Spectacles 3 in Fall

Snap to Start Shipping Spectacles 3 in Fall

Snap (SNAP) is rolling out the latest version of its photo and video-taking sunglasses product, Spectacles 3, as the parent of picture-sharing app Snapchat deepens its offerings amid gains in active users. The glasses have two cameras “designed to capture the world in 3D,” Snap said in a statement on […]

by × August 13, 2019 × 0 comments

Stock Central

(AP)
Biz02-holiday-021617-AP
Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)

Wells Fargo Staying Neutral in Equities

Wells Fargo’s investment advisory arm is staying neutral in equities “for now” and has a base case that the US and China will reach a trade deal “at some point,” even as increased rhetoric between the countries prompted slide in markets and elevated volatility this week. Scott Wren, senior global […]

by × August 7, 2019 × 0 comments

Business Updates

Dunkin’ Brands Slides on Second-Quarter Revenue Miss

Dunkin’ Brands Slides on Second-Quarter Revenue Miss

Dunkin’ Brands Group (DNKN) shares slid Thursday afternoon after the Dunkin’ and Baskin-Robbins operator’s second-quarter revenue missed expectations. Canton, Mass.-based Dunkin’ said revenue in the quarter ended June 30 rose to $359.3 million from $350.6 million in the prior-year period. Capital IQ had expected $360.3 million. Diluted adjusted per-share earnings […]

by × August 1, 2019 × 0 comments

Business Updates

Sanofi Lifts Full-Year Guidance

Sanofi Lifts Full-Year Guidance

French health care company Sanofi (SNY) raised its full-year earnings guidance on Monday as it posted better-than-expected results for its second-quarter which were supported by triple-digit growth in sales of prescription medicine Dupixent. The Paris-headquartered company reported revenue of 8.63 billion euros ($9.60 billion) in the second-quarter, up 5.5% from […]

by × July 29, 2019 × 0 comments

Stock Central

Crane Lowers Full-Year Earnings Guidance Despite Second-Quarter Revenue Beating Analysts’ Expectations

Crane Lowers Full-Year Earnings Guidance Despite Second-Quarter Revenue Beating Analysts’ Expectations

Industrial products manufacturer Crane (CR) lowered its full-year earnings guidance after markets closed on Monday as it posted second-quarter revenue and adjusted earnings per share which beat analysts’ estimates. The Stamford, Conn.-based company generated revenue of $841.6 million in the three months ended June 30, down from $851.0 million a […]

by × July 23, 2019 × 0 comments

Markets

European ADRs Move Higher in Session

European ADRs Move Higher in Session

American depositary receipts of European stocks were trading 0.61% higher at 1,046.12 on the BNY Mellon Europe Select ADR Index on Thursday. In continental Europe, the gainers were led by furniture maker Natuzzi (NTZ) and pharmaceutical company Novartis (NVS), which rose 5% and 3.8% respectively. They were followed by semiconductor […]

by × July 18, 2019 × 0 comments

Stock Central

Energy Stocks Lower

Energy Stocks Lower

Energy stocks were mostly lower Monday afternoon, with the NYSE Energy Sector Index falling more than 0.7% while shares of energy companies in the S&P 500 also were down over 0.7% as a group. West Texas Intermediate crude oil for August delivery was slipping 59 cents to $59.62 per barrel […]

by × July 15, 2019 × 0 comments

Business Updates

U.S. Manufacturing Sector Close to Stagnation in June

U.S. Manufacturing Sector Close to Stagnation in June

Operating conditions across the US manufacturing sector nearly stagnated in June as new orders slowed sharply and inventories were destocked, key survey data showed on Monday. The seasonally-adjusted IHS Markit final US manufacturing purchasing managers’ index posted a reading of 50.6 in June, up slightly from 50.5 in May and […]

by × July 1, 2019 × 0 comments

Markets

European ADRs Move Lower in Wednesday Trading

European ADRs Move Lower in Wednesday Trading

American depositary receipts of European stocks were trading 0.36% lower at 1,052.18 on the BNY Mellon Europe Select ADR Index on Wednesday. In continental Europe, the gainers were led by pharmaceutical company Oasmia Pharmaceutical (OASM) and 3D printer maker voxeljet (VJET), which climbed 10.4% and 6.5% respectively. They were followed […]

by × June 26, 2019 × 0 comments

Markets

U.S. Oil Ends Higher as Brent Falls

U.S. Oil Ends Higher as Brent Falls

Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran, MarketWatch reported. President Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders, according to pool reports from the […]

by × June 24, 2019 × 0 comments