Business Updates

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

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

Business Updates

Siltronic Lowers Full Year Sales Guidance

Siltronic Lowers Full Year Sales Guidance

Shares of German semiconductor group Siltronic (WAF.DE, WAF.F, SSLLF) slumped on Tuesday after the company blamed the ongoing US-China trade row for its decision to cut its fiscal 2019 sales and operating earnings outlook. The group, which is the fourth-largest producer in the world of plates with hyper-pure silicon, said […]

by × June 18, 2019 × 0 comments