Spirit AeroSystems Posts Q4 Miss, Guides FY17 Below Expectations

Spirit AeroSystems Posts Q4 Miss, Guides FY17 Below Expectations

Spirit AeroSystems Holdings shares were slightly lower in premarket trading on Wednesday after the non-original equipment maker reported Q4 results that missed forecasts and issued downside FY17 guidance. EPS fell 6% to $0.89 in the December quarter. Analysts had predicted EPS to increase to $1.05 on average, according to Capital IQ data. Q4 revenue fell 2% to $1.57 billion, missing the analyst consensus of $1.59 billion. Spirit anticipates FY17 EPS […]

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Danaher Q4 Profit Tops Street Mark

Danaher Q4 Profit Tops Street Mark

Danaher, a diversified manufacturer, reported Tuesday Q4 adjusted net profit of $1.05 per share, up from $0.91 per share in the prior year period and came in higher than the $1.03 per share Street estimate provided by Capital IQ. Revenues were $4.58 billion, up from $4.32 billion reported for the same period last year and came in just higher than the $4.53 billion Street estimate. The company expects Q1 adjusted […]

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MagneGas Expands Product Offering in Florida

MagneGas Expands Product Offering in Florida

MagneGas Corp.said pre-market Wednesday it has expanded its product offering in Florida to include the sale of carbon dioxide. Initially, the company said it will add CO2 to its industrial gas line of products in Sarasota and Fort Myers, and plans to expand into other locations in the state in coming months. The alternative energy company said it believes the sale of carbon dioxide will lead to other revenue opportunities […]

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Bank of America Beats on EPS, Misses on Revenue in Q4

Bank of America Beats on EPS, Misses on Revenue in Q4

Bank of America said Friday that Q4 revenue was $20.0 billion, up 2% from last year’s $19.6 billion. This fell short of the $20.99 billion Capital IQ consensus. EPS for the quarter was $0.40, versus $0.27 last year. This beat the $0.38 Capital IQ estimate. “Strong client activity and good expense discipline created solid operating leverage again this quarter. While the recent rise in interest rates came too late to […]

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Howard Hughes Acquires Two Office Buildings

Howard Hughes Acquires Two Office Buildings

The Howard Hughes said early Wednesday it expanded its real-estate assets in Downtown Columbia, MD with the acquisition of two office buildings. Both purchases — the American City Building and One Mall North — were underwritten in view of their future development potential, according to a company statement. The purchase of ACB for $16.5 million unlocks the potential for redevelopment in the Lakefront District in Downtown Columbia for up to […]

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