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Press Releases

Asia markets trade higher after strong earnings help Wall Street

Asia markets rose Friday morning, after strong quarterly results from some of the biggest U.S. companies helped gains on Wall Street.

Source: CNBC.com

National Oilwell Varco Reports First Quarter 2018 Results

HOUSTON---- National Oilwell Varco, Inc. today reported a first quarter 2018 net loss of $68 million, or $0.18 per share. “During the first quarter of 2018 NOV benefitted from growing demand for short-cycle consumables and services in North America as oilfield fundamentals continued to strengthen,” commented Clay Williams, Chairman, President, and CEO.“...

Source: Business Wire

Silicon Motion: 1Q Earnings Snapshot

HSINCHU, Taiwan _ Silicon Motion Technology Corp. on Thursday reported first-quarter earnings of $23.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. For the current quarter ending in July, Silicon Motion said it expects revenue in the range of $134.3 million to $140.8 million.

Source: The Associated Press

Markets are concerned about the 'future outlook': Strategist

Patrick Chovanec of Silvercrest Asset Management says concerns around issues such as inflation and trade tensions have "eclipsed" the good news around the current market performance.

Source: CNBC.com

Kim Jong Un is likely to 'hold on to those weapons': Eurasia Group

Scott Seaman of Eurasia Group says he doubts North Korea is willing to abandon nuclear weapons, but the summit between Kim Jong Un and President Donald Trump is likely to happen.

Source: CNBC.com

Cramer's lightning round: Now is the time to buy Walgreens' stock

Jim Cramer flies through his take on callers' favorite stocks in the lightning round, including a downtrodden pharmaceutical play.

Source: CNBC.com

Silicon Motion Announces Results for the Period Ended March 31, 2018

Embedded Storage 1 sales decreased approximately 1% Q/Q and accounted for about 85% of total sales, an increase compared to about 80% in the previous quarter Client SSD controller sales increased 10% Q/Q eMMC controller sales increased 15% Q/Q SSD solutions sales decreased over 25% Q/Q Client SSD controller projects with NAND flash vendors increased over...

Source: Globe Newswire

Dril-Quip, Inc. Announces First Quarter 2018 Results

Generated $99.2 million of revenue, a quarter-on-quarter decrease of 8% and consistent with general guidance Continued strong gross margin performance Reported a net loss of $7.4 million, or $0.20 loss per diluted share, including charges of $0.04 per share Adjusted loss per diluted share, excluding charges, was $0.16 Generated net cash provided by...

Source: Globe Newswire

Gates Acquires Rapro to Strengthen its European Fluid Power Business

DENVER, April 26, 2018/ PRNewswire/-- Gates Industrial Corporation plc, a leading global provider of application-specific fluid power and power transmission solutions, today announced that it has completed the acquisition of Rapro, a Turkey- based manufacturer of molded and branched hoses and other products used primarily in commercial, heavy-duty and light...

Source: PR Newswire

Aptar Reports First Quarter Results; Declares Quarterly Dividend

CRYSTAL LAKE, Ill.---- AptarGroup, Inc. today reported first quarter results and declared a quarterly dividend. Reported sales increased 17%, including the positive effect of currency rates Core sales, excluding currency effects, rose 7% driven by growth in each business segment Reported net income increased 14% to $59 million Adjusted EBITDA increased 17% to...

Source: Business Wire