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 | 08:16am 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

Latest news
Date Title
<1m ago NOSTRUM OIL & GAS : Beats Production Target, Increases Cash Position
<1m ago SOUTHERN : Georgia Research into Predator Control Helps Rare Oystercatchers
1m ago IFC FINANCE : World Bank Group’s Enterprise Survey Shows Scope for Reforms to Promote Private Sector Development in Myanmar
1m ago SOLARWORLD : expands production capacity in the USA (DGAP News)
1m ago NASDAQ OMX BALTIC NASDAQ OMX TALLINN : Capitalia Bonds to be Listed on Nasdaq Baltic Market
1m ago PROMINVESTBANK : plans to increase its share capital
1m ago ÐURO ÐAKOVIC DD : Stock exchange announcement 30 10 2014
1m ago ASICS : President andCEO Motoi Oyama to be conferred with Netherlands Honor - ‘Officer in the Order of Oranje-Nassau’
2m agoDJWho Wins In Asia From Cheaper Oil? -- Barron's Asia
2m ago TF1 : group finalises the sale of OneCast
Latest news
Advertisement
Hot News 
1SPATIAL : Interim Results for the six month period ended 31 July 2014
DEUTSCHE LUFTHANSA : Lufthansa cuts 2015 forecast on global economic slowdown
ABERTIS INFRAESTRUCTURAS : Application work of protective coatings
IOMART : Notice of Results
SCHWEIZERISCHE NATIONALBANK : Interim results of the Swiss National Bank as at 30 September 2014
Most Read News
1d ago CHINA MENGNIU DAIRY : Mengniu and Danone Strengthen Strategic Alliance as Danone Subscribes to a Private Placement by Yashili
1d ago ENERGEN : tops Street 3Q forecasts
1d ago Hiring business drives LinkedIn's revenue beat
1d ago FLUOR NEW : ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
46m ago Starbucks Americas sales disappoint on softer traffic
Most recommended articles
2m agoDJWho Wins In Asia From Cheaper Oil? -- Barron's Asia
2m agoDJUK to Pay Off Part of Debt Issued to Finance Role in First World War
4m agoDJFrench Consumer Spending Drops in September
4m agoDJFrench September PPI Up 0.5%
5m ago ECB's Nowotny says never say never on QE, but not now - CNBC
Dynamic quotes  
ON
| OFF