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Veeco Instruments turns profit in 4Q; shares jump (AP)
25 minutes ago ago from Market News
PLAINVIEW, N.Y. (AP) Shares of Veeco Instruments jumped almost 10 percent on Tuesday, a day after the maker of precision manufacturing equipment posted better-than-expected fourth-quarter profits. Shares jumped 9 percent to $33.81. The company said late Monday it reversed a year-ago loss and made $18.7 million, or 50 cents per share, in the quarter ended Dec. 31. It attributed the results to better sales, especially from LED and ...
Related contentElectronic Arts Falls After Forecast Trails Estimates (Update1)
23 hours ago ago from All About Work & Financial
Electronic Arts Inc., the world’s second-largest video-game publisher, tumbled in extended trading after its full-year forecast trailed some analysts’ estimates. Fiscal 2011 profit, excluding some items, will be 50 cents a share to 70 cents a share, the Redwood City, California-based company said today in a statement. That’s less than the $1 a share projection of Michael Pachter, an analyst at Wedbush Morgan Securities in Los Angeles. The ...
Related contentStock markets bounce back on hopes officials will deal with Greece debt crisis (Dollar-Markets)
2 hours ago ago from Oilweek Online
TORONTO _ The Toronto stock market moved sharply higher Tuesday as optimism increased that a fix is on the way for a potentially dangerous debt crisis facing some European countries, particularly Greece.The S /TSX composite index surged 152.2 points to 11,267.5. The Canadian dollar was up 0.48 of a cent to 93.55 cents US.Stock markets have lost ground recently over fears about unsustainable debt loads taken on by some European countries, ...
Related contentStocks higher, hopes grow EU will help Greece with its growing debt burden (Dollar-Markets)
2 hours ago ago from Oilweek Online
TORONTO _ Hopes that European leaders will tackle the problem of huge debt levels racked up by several governments pushed stock markets sharply higher Tuesday morning.The S /TSX composite index rose 143.4 points to 11,258.7. The Canadian dollar was up 0.51 of a cent to 93.58 cents US.Stock markets have lost ground recently over fear spreading about unsustainable debt loads taken on by some European countries, particularly Spain, Portugal and ...
Related contentElectronic Arts shares dive on weak outlook (AP)
1 day ago ago from Daily News Blog
NEW YORK – A disappointing outlook from Electronic Arts Inc . sent shares of the video game publisher sharply lower Monday, a sign that significant cost-cuts and layoffs have not ended the company's slump. The company, whose games include the popular series and Mass Effect 2 , said Monday it narrowed its net loss in the last quarter even as game sales declined. It blamed the revenue falloff on having fewer titles than it did in the 2008 ...
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Celanese posts 4Q profit on higher sales
7 hours ago ago from U.S. News
Celanese posts 4Q profit on higher sales NEW YORK (AP) -- Chemical maker Celanese Corp. reported a profit on Tuesday for the fourth quarter driven by higher sales volumes and lower raw material costs. The company expects to benefit from increased volumes across all businesses and additional fixed spending reductions this year. "We saw sustained global demand across our major end-markets and geographies throughout the second half of 2009 ...
Related contentQiagen 4Q profit surges on test sales, buyouts
23 hours ago ago from U.S. News
Qiagen 4Q profit surges on test sales, buyouts NEW YORK (AP) -- Diagnostic products maker Qiagen NV said Monday its fourth-quarter profit nearly doubled on a surge in molecular test sales at businesses it acquired. The company, based in the Netherlands, earned $44.5 million, or 18 cents per share. A year earlier, it earned $24.7 million, or 12 cents per share. Its sales rose 22 percent to $289.1 million from $237.2 million. Excluding ...
Related contentGartner's 4Q profit drops 24 percent
6 hours ago ago from U.S. News
Gartner's 4Q profit drops 24 percent STAMFORD, Conn. (AP) -- Gartner Inc. posted a 24 percent drop in fourth-quarter earnings Tuesday, as revenue generated by its information technology research declined. The company, which focuses on the information technology market, earned $25.7 million, or 26 cents per share, compared with $33.6 million, or 35 cents per share, in the same quarter a year ago. The most recent quarter included 2 cents per ...
Related contentEA Shares Down on Lower-Than-Expected Forecast - FOXBusiness.com
22 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Entertainment Monday, February 08, 2010 EA Shares Down on Lower-Than-Expected Forecast  By Kathryn Glass FOXBusiness  Despite reporting ...
Related contentADC shares rise on narrowed 1Q loss, upgrade
3 hours ago ago from U.S. News
ADC shares rise on narrowed 1Q loss, upgrade PHILADELPHIA (AP) -- Shares of ADC Telecommunications Inc. rose Tuesday after the networking equipment maker reported a narrower quarterly loss and an analyst upgraded the company, predicting sales growth will resume later this year. Late Monday, ADC reported a fiscal first-quarter net loss of $11.2 million, or 11 cents per share, compared with a loss of $49.7 million, or 47 cents per share, in ...
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