KMG Takes Over Sealweld

KMG Takes Over Sealweld

KMG, a provider of specialty chemicals, said pre-market Wednesday it agreed to acquire privately-owned Sealweld, a provider of industrial lubricants, for $17.4 million in cash, including estimated net working capital of $4.5 million. KMG drew on its revolving credit facility to finance the acquisition. Based in Calgary, Canada, Sealweld is a supplier of high-performance products and services for industrial valve and actuator maintenance, including lubricants, sealants, cleaners, valve fittings, tools […]

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Anixter International Posts Q4 EPS, Revenue Beat

Anixter International Posts Q4 EPS, Revenue Beat

Anixter International reported Tuesday financial results for Q4, with better-than-expected earnings and revenue. It also provided revenue growth guidance for Q1 and fiscal 2017. The distributor of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions posted adjusted earnings of $1.31 per share, compared with the prior-year period’s $1.05 per share. Two analysts polled by Capital IQ were expecting EPS of $1.16. Revenue […]

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Nokia, Orange to Collaborate on 5G Development

Nokia, Orange to Collaborate on 5G Development

Nokia was lower in pre-market trade Monday, while the company announced that it would work with Orange (ORAN) to collaborate on the development of 5G services. The companies will also build on existing joint innovation programs, as well as work with other partners, to develop, trial and introduce solutions that will make 5G a commercial reality and drive the digital transformation of vertical industries. Nokia and Orange will leverage the […]

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ShoreTel Q2 Results Top Views

ShoreTel Q2 Results Top Views

Shares of ShoreTel were sliding pre-market Friday even though the company reported late Thursday fiscal Q2 results which were better-than-expected and issued in line sales guidance for Q3. For Q2 ended Dec. 31, adjusted EPS was $0.03 per share, down from $0.10 per share a year earlier but beating the consensus for a loss of $0.02 per share as compiled by Capital IQ. Revenues fell to $88 million from $90.4 […]

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Caterpillar Beats EPS Estimates on Below Consensus Revenue

Caterpillar Beats EPS Estimates on Below Consensus Revenue

Shares of Caterpillar are trading lower in premarket after the company missed revenue estimates and lowered their sales guidance for FY17. For the fourth quarter, the company reported adjusted EPS of $0.83 per share, unchanged from the same quarter last year, but well above the consensus estimate from Capital IQ of $0.67 per share. Total revenue of $9.57 billion fell from $11.03 billion last year and missed the estimated $9.74 […]

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