Visteon Guides FY16, FY17 Revenues In Line With Street

Visteon Guides FY16, FY17 Revenues In Line With Street

Visteon shares were up almost 7% Tuesday after the maker of automotive electronic components reaffirmed its FY16 sales outlook in line with views and issued in line guidance on FY17 sales. The company continues to expect FY16 revenues of $3.1 billion, about in line with the $3.11 billion consensus compiled by Capital IQ. For FY17, Visteon expects revenues of $3.1 billion to $3.2 billion, straddling the $3.18 billion average estimate. […]

Read More ˃
Natus Medical Gains Over 5%

Natus Medical Gains Over 5%

Natus Medical shares were up over 5% after the company said it expects FY17 sales between $505 million and $510 million, above the CapIQ mean for $438.5 million. Non-GAAP EPS is seen between $1.80 to $1.85, in line with estimates for $1.81. Q1 sales are expected between $122 million to $124 million, topping forecasts for $104.9 million. The company sees non-GAAP EPS between $0.32 and $0.34, below expectations for $0.41. […]

Read More ˃
Zogenix Says CFO Ann Rhoads Departs

Zogenix Says CFO Ann Rhoads Departs

Zogenix, a pharmaceutical company, said that due to the company’s ongoing relocation of all corporate functions, including finance, from San Diego, CA, to Emeryville, CA, chief financial officer Ann Rhoads will depart Zogenix following a transition period. Michael Smith, most recently CFO at Raptor Pharmaceutical, has been appointed to fill the position, effective Jan. 16. Rhoads will continue to serve as Zogenix’s CFO through Jan. 16, and thereafter has agreed […]

Read More ˃
European Equity Benchmarks Close Flat

European Equity Benchmarks Close Flat

The broad-based major European indices were relatively flat in Wednesday’s trading session, with banks and home builders helping edge the markets into positive territory. In economic news, euro area annual inflation rose to 1.1% in December, up from 0.6% in November, according to Eurostat, the statistical office of the European Union. That puts inflation at its highest level since 2013. Among the main components of inflation, energy was expected to […]

Read More ˃
Ford Invests in Plant Expansion For Autonomous, EV Development

Ford Invests in Plant Expansion For Autonomous, EV Development

Ford Motor Company shares were higher 2% on Tuesday as the car marker said it is investing around $700 million to expand its Flat Rock assembly plant in Michigan into a factory that will build autonomous and electric vehicles along with the Mustang and Lincoln Continental. The company said the expansion will create 700 direct new jobs. The plan is part of a total $4.5 billion investment in electrified vehicles […]

Read More ˃
Gap To Close All Seven Stores in Israel in 2017

Gap To Close All Seven Stores in Israel in 2017

Gap fell marginally in Thursday’s afternoon trade after Gottex, which owns the trademark for the retailer in Israel, said it will close all seven of its Gap brand stores in 2017, according to a report on TheStreet. The report said that the retailer had lackluster profits and faced increased competition from H&M, another fast-fashion company. Gap had also closed stores in other international locations, such as in Japan, where 53 […]

Read More ˃