Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Stocks Open Broadly Higher After Jobs Data -2-

02/01/2013 | 07:16am US/Eastern

Eastman Chemical Co. (>> Eastman Chemical Company) swung to a fourth-quarter loss as the chemical-and-materials manufacturer recorded expenses related to asset impairments, restructuring and a recent acquisition. The company raised its 2013 adjusted earnings guidance.

Electro Scientific Industries Inc. (>> Electro Scientific Industries, Inc.) swung to a fiscal third-quarter profit on patent-related settlement proceeds, although it recorded an adjusted loss and lower revenue. The laser-systems manufacturer gave downbeat guidance for the current quarter.

Essex Property Trust Inc.'s (>> Essex Property Trust Inc) fourth-quarter earnings more than tripled as gains from co-investments boosted results for the West Coast owner of apartments, while funds from operations also improved.

Forest City Enterprises Inc. (FCEA, FCEB) said it currently has no definitive announcement to make on potential leadership succession, a response to recent media reports that the chief executive of Forest City Ratner Cos. intends to step down.

New home construction built up Fortune Brands Home & Security Inc. (>> Fortune Brands Home & Security Inc) sales growth in the fourth quarter, helping the home-fixtures and hardware company swing to a profit.

McKesson Corp.'s (>> McKesson Corporation) fiscal third-quarter earnings were down slightly as the medical-products distributor reported modest revenue growth that was offset by higher operating expenses. Adjusted earnings growth wasn't as strong as expected and the company lowered its fiscal year outlook.

NetSuite Inc.'s (N) fourth-quarter loss narrowed as the maker of cloud software continued to report strong demand from its business customers. The results beat analyst expectations.

PerkinElmer Inc.'s (>> PerkinElmer, Inc.) fourth-quarter loss narrowed as the manufacturer of health-testing equipment increased its revenue and recorded income-tax benefits.

PMC-Sierra Inc.'s (>> PMC-Sierra, Inc.) fourth-quarter profit fell 61% as the chip maker's revenue declined, though margins improved. Results topped analyst expectations.

Principal Financial Group Inc.'s (>> Principal Financial Group Inc) fourth-quarter profit rose 47% as the asset manager and insurer reported higher core earnings from retirement and investor services, and fewer investment losses.

Reinsurance Group of America Inc.'s (>> Reinsurance Group of America Inc) fourth-quarter profit rose 61% as the life reinsurer saw strong results from its North American businesses, and investment income jumped.

EveryWare Global Inc. will merge with ROI Acquisition Corp. (>> ROI ACQU) in a cash and stock deal that values the manufacturer and distributor of tableware at about $420 million.

Wynn Resorts Ltd.'s (>> Wynn Resorts, Limited) fourth-quarter profit fell 41% as the casino operator reported lower revenue in Macau.

Write to Anna Prior at anna.prior@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news
Date Title
6m ago MBUMBA SIMCAV : Ndeitunga Happy With Elections
12m ago WAL MART STORES : NOW Stands in Solidarity with Walmart Strikers this Black Friday
12m ago SMITH & WESSON : Ohio's Traditional Deer-Gun Hunting Season Begins Dec. 1
18m ago PRELIOS : Monthly disclosure pursuant to art. 114, paragraph 5, of legislative decree n. 58/98
32m ago AUSTRALIA CHINA : BD artist Naeem short-listed for Asia Pacific Breweries Award
32m ago PHILIPPINE STOCK EXCHANGE : Index rebounds on bargain hunting
33m ago PETRON : routs Cignal, gains SL final
34m ago Dokpesi's son takes over as DAAR Communications Plc new chairman
34m ago STANDARD CHARTERED : 'Prudent credit expansion': Bank will continue strategy to grow, says Dada
34m ago PAKN PETR UNSP : Market watch: Index slips, ends week in red
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Currys PC World stands poised for one order every second on Black Friday
PROXAMA : In Final Stages For Proposed Aconite Acquisition (ALLISS)
ZHONGDE WASTE TECHNOLOGY : Strong year-on-year improvement of financial results in the first nine months 2014 (DGAP News)
MJ GLEESON : Expects Results To Beat Expectations On Strong Homes Unit
AUGEAN : Chairman Buys 55,000 Shares (DIRECTOR DEALINGS)
Most Read News
1d agoDJSTOCKTON : Bankruptcy Exit Should Move Ahead
1d ago NGEX RESOURCES : Updated Share Capital and Voting Rights for NGEx
1d ago U.S. Black Friday shopping marked by thinner crowds, protests
1d ago DEUTSCHE LUFTHANSA : German pilots union says fresh strikes imminent at Lufthansa
1d ago KINDER MORGAN : Pipeline survey crews wrap early in disputed zone at centre of B.C. protests, arrests
Most recommended articles
1d ago As energy shares tumble, opportunity lurks
1d ago Dollar Ready to Take Advantage of Market Unease But Rates at Risk
1d agoDJSTOCKTON : Bankruptcy Exit Should Move Ahead
1d agoDJWal-Mart and Target Take Fight to Amazon for Holiday Sales
1d ago AUD Exposed To Further Declines As Yield Advantage Erodes
Dynamic quotes  
ON
| OFF