Proto Labs (NYSE: PRLB) released solid third-quarter 2017 earnings before the market opened on Thursday. The quick-turn, contract manufacturer of prototypes and low-volume production parts posted revenue growth of 12.7% year over year, while adjusted earnings per share rose nearly 10%. Continue Reading Below The market rallied on the results, sending Proto […]
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US economy grew at 3 percent rate in July-September quarter
WASHINGTON – The U.S. economy, bolstered by business investment, grew at a solid annual rate of 3 percent in the third quarter. It marks the first time in three years that growth has hit at least 3 percent for two consecutive quarters. Continue Reading Below The Commerce Department reported Friday […]
Exxon’s 3Q profit jumps 50 percent, beating forecasts
IRVING, Texas – Buoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion. Continue Reading Below The oil giant also sharply increased spending on exploration, reversing a trend from the first half of the year. Lower capital […]
The Latest: Boris dismisses Brexit fears in Portugal
LONDON – The Latest on Britain’s exit from the European Union (all times local): Continue Reading Below 1:30 p.m. British Foreign Secretary Boris Johnson says it is “unthinkable” that European Union citizens living in the U.K might be sent away or lose their rights after Brexit. Asked by reporters in […]
JC Penney chops 2017 comp sales, profit forecast; shares drop
U.S. department store chain J.C. Penney Co Inc (JCP) slashed its 2017 comparable sales and profit forecast on Friday as it overhauled its women’s apparel department and sold off stagnant inventory by discounting heavily. Continue Reading Below The company’s shares plunged 16 percent in premarket trading to $3.08, with the […]
Merck reports 3Q loss
KENILWORTH, N.J. – Merck & Co. is reporting a third-quarter loss of $56 million after a profit in the same period a year earlier, but it still beat Wall Street expectations. Continue Reading Below The Kenilworth, New Jersey, on Friday posted a loss of 2 cents per share. Earnings, adjusted […]
Merck tops profit estimates on Keytruda sales
Merck & Co on Friday reported a quarterly profit that beat analysts’ estimates, benefiting from sales of its immuno-oncology drug Keytruda. Continue Reading Below Sales of Keytruda, which were helped by approval across various indications this year, were $1.05 billion for the third quarter, in line with Leerink consensus estimates. […]
The Latest: Spain’s Senate begins session on Catalan crisis
BARCELONA, Spain – The Latest on the Spain-Catalonia political crisis (all times local): Continue Reading Below 10:25 a.m. Spain’s prime minister says the government’s first move will be to dismiss Catalonia’s president if special powers are granted by the country’s Senate. Mariano Rajoy was addressing the chamber ahead of a […]
Volkswagen raises profit forecast despite diesel charges
FRANKFURT, Germany – Automaker Volkswagen saw profit drop by half in the third quarter due to expenses for fixing and buying back diesel cars in the United States. Continue Reading Below The Wolfsburg-based automaker said Friday that it was otherwise a “strong third quarter” and raised its earnings outlook for […]
Italian gas company Eni returns to profit in third quarter
MILAN – Italian oil and gas company Eni returned to a profit in the third quarter as crude oil prices nudge upward after OPEC production cuts. Continue Reading Below Eni, which is about one-third government-owned, posted earnings of 344 million euros ($400 million), compared with a loss of 562 million […]