Textron Falls Short On Q4 EPS and Revenues

Textron Falls Short On Q4 EPS and Revenues

Textron, a multi-industry service provider, reported Q4 adjusted EPS of $0.80, down from $0.81 in the same period a year ago and falling short of the the estimate of $0.87 from analysts polled by CapIQ. Total revenues of $3.83 billion were down from $3.92 billion in the same period a year ago and missed the Street projection of $4.01 billion. The company guided 2017 revenues at approximately $14.30 billion, shy […]

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Spectranetics Presents Positive Result From 12-Month Trial

Spectranetics Presents Positive Result From 12-Month Trial

Spectranetics said that Professor Thomas Zeller presented the final 12-month results of a global trial with the Stellarex Drug-coated Balloon at a conference in Leipzig, Germany, in the superficial femoral and popliteal arteries. Zeller commented that the final 12-month results validate “the earlier ILLUMENATE US Pivotal results, achieving best-in-class 12-month primary patency rates in a patient cohort with the highest rate of severe calcium yet studied. These results are significant […]

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L’Oreal, Founders Factory to Invest in Five Beauty Tech Startups

L’Oreal, Founders Factory to Invest in Five Beauty Tech Startups

L’Oreal, a French cosmetics firm, said on Monday that it has picked five early-stage startup companies in the beauty tech field amid efforts to look for new “disruptive” ideas to develop its business. The company made a strategic investment in Founders Factory, a London-based digital accelerator and incubator, co-founded by Brent Hoberman and Henry Lane Fox, in May. As part of the agreement, L’Oreal and Founders Factory said they will […]

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European Equity Benchmarks Close Mostly Higher

European Equity Benchmarks Close Mostly Higher

The broad-based major European indices closed mostly higher in Friday’s trading session, as telecoms stocks and industrials buoyed the markets. In economic news, retail sales in the U.K. declined sharply in December, according to the Office for National Statistics (ONS). “Retailers saw a strong end to 2016 with sales in the final quarter up 5.6% on the same period last year, although the amount bought fell between November and December […]

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Alibaba Group Strikes Partnership With IOC

Alibaba Group Strikes Partnership With IOC

Alibaba Group Holding gained slightly in pre-market trade Thursday after the company jointly announced with the International Olympic Committee (IOC) a long-term partnership through 2028. Joining The Olympic Partner (TOP) worldwide sponsorship programme, Alibaba will become the official Cloud Services and E-Commerce Platform Services Partner, as well as a Founding Partner of the Olympic Channel. The partnership was announced today at the World Economic Forum in Davos, Switzerland, with IOC […]

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