Month: June 2018

Raytheon Company RTN awaits confirmation from Sweden as the latter looks to close a deal in the coming weeks for procuring Patriot air defense missile system. Sweden is all set to become the sixteenth nation to rely on Raytheon’s Patriot Missile Defense System. Details of the Deal The deal is approximately valued at $1.13 billion, which includes four Patriot Configuration 3+ modernized firing units and their subsequent parts along with an undisclosed number of missiles. […]

Per a Wall Street Journal’s article, Deutsche Bank ’s DB U.S. unit was placed under troubled bank’s list by the Federal Reserve almost a year back, following which, the Federal Deposit Insurance Corporation (“FDIC”) put it under its own list of problem banks. FDIC’s website mentions that the “problem” lenders are those that have “financial, operational, or managerial weaknesses that threaten their continued financial viability” […]

Continuing with its efforts to enhance shareholder value, Synopsys Inc. SNPS , yesterday, announced that it is set to buy back $165 million worth of its common stocks under an accelerated share repurchase (ASR) program. This initiative reflects the California-based company’s sound financial position and favorable prospects. […]

Semtech Corporation SMTC reported strong fiscal first-quarter 2019 results with earnings and revenues beating the Zacks Consensus Estimate. Non-GAAP earnings of 47 cents per share beat the consensus mark by 1 cent and increased 12% sequentially and 7% year over year. Earnings matched the higher end of the guided range of 45-47 cents per share […]

Schlumberger Limited SLB recently decided to break the OneLNG joint venture (JV) with Golar LNG Limited GLNG , primarily due to financial delays. The JV was created to develop the offshore Fortuna LNG project in Equatorial Guinea, in association with Ophir Energy Plc OPHRY . The project is located in the Block R, operated by Ophir. […]

Nektar Therapeutics NKTR announced the submission of a new drug application (“NDA”) for its analgesic opioid candidate, NKTR-181, for the treatment of chronic low back pain. The candidate exhibited reduced incidence of euphoria associated with opioids, which can lead to abuse and addiction. […]

United Technologies Corporation ’s UTX operating segment, Pratt & Whitney announced that it has been awarded a $2-billion contract for the 11th lot of F135 propulsion systems, which will support all three variants of the F-35 Lightning II aircraft. The latest contract intends to reduce the propulsion system price, supporting the program affordability initiatives. Notably, this 11th low rate initial production (LRIP) contract will deal with 135 engines, apart from covering areas like program management, production support, engineering support, spare modules as well as spare parts […]

The financial services industry has transformed significantly in recent years, considering the notable changes in transaction techniques. Technology plays a major role, with digitalization taking center stage. In today’s fast-paced life, people rely heavily on digital technologies and gadgets – especially mobile, laptops and others – for day to day needs […]

Favorable supply/demand trends and an improving industry structure are expected to provide the much-needed impetus for the packaging industry’s growth. Rising demand in packaging for food & beverages, personal and household care products, medicines and other products also bode well for the industry. The packaging companies are now, particularly, focused on geographic expansion through mergers and acquisitions. […]

Donaldson Company, Inc. DCI posted adjusted earnings of 53 cents per share in third-quarter fiscal 2018, beating the Zacks Consensus Estimate by a penny. The reported figure fared better than the prior-year quarter’s tally of 45 cents, reflecting an increase of 17.8% […]

Ambarella Inc. AMBA is slated to release first-quarter fiscal 2019 results on Jun 5. The question lingering in investors’ minds is whether or not this video compression and image processing chip maker will be able to post a positive earnings surprise in the quarter. […]

We believe that Universal Forest Products, Inc. UFPI is a solid choice for investors, seeking exposure in the building products space. […]

Marvell Technology Group Ltd. MRVL reported impressive first-quarter fiscal 2019 results, wherein the top- and the bottom-line figures came ahead of the Zacks Consensus Estimate. […]