TE Connectivity Beats in Fiscal Q1

TE Connectivity Beats in Fiscal Q1

TE Connectivity Wednesday reported better-than-expected results for fiscal Q1 and provided its guidance for fiscal 2017. Non-GAAP earnings in the quarter ended Dec. 30 was $1.15 per share, up from last year’s $0.84, exceeding the Capital IQ consensus of $1. Sales grew year-over-year to $3.06 billion from $2.83 billion, beating the mean estimate of $3.01 billion provided by Capital IQ. For fiscal Q2, company expects non-GAAP EPS of $1.05 to […]

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Liberty Media Finalizes Formula 1 Acquisition

Liberty Media Finalizes Formula 1 Acquisition

Liberty Media said late Monday it completed the acquisition of Formula 1 from a consortium of sellers and noted that the motorsports business appointed Chase Carey as its new CEO, succeeding Bernie Ecclestone who led F1 for 40 years. Carey will serve as CEO of F1 in addition to his existing role of chairman. The company also said Ecclestone was named as chairman emeritus of the motorsports business. Now that […]

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Theatres Seals Deal to Acquire Nordic Cinema

Theatres Seals Deal to Acquire Nordic Cinema

AMC Theatres said pre-market Monday it sealed an agreement to acquire Nordic Cinema Group Holding AB, a theatre exhibitor based in Stockholm, Sweden, in an all-cash deal valued at SEK8.25 billion ($929 million). The company is acquiring Nordic from European private equity firm Bridgepoint and Swedish media company Bonnier Holding. The deal, which has already been approved by both AMC’s and Nordic’s board of directors, is slated for completion before […]

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Procter & Gamble Tops Expectations

Procter & Gamble Tops Expectations

Procter & Gamble, the consumer goods firm with brands including Charmin, Downy and Pampers, topped analysts’ expectations in the “difficult operating environment” of the fiscal second quarter, but revenue fell from a year earlier. Core earnings per share were $1.08 for the period ending Dec. 31, up four cents from a year ago and two cents above the consensus view on Capital IQ. Revenue slipped to $16.86 billion from $16.92 […]

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TAL Education Tops Estimates On Fiscal Q3 EPS And Revenues

TAL Education Tops Estimates On Fiscal Q3 EPS And Revenues

TAL Education American depository shares were higher 3% in recent pre-market trade after the tutoring services provider in China reported fiscal Q3 adjusted earnings per ADS of $0.26, up from $0.19 in the same period a year ago and topping the estimate of $0.22 from analysts polled by CapIQ. For the quarter ended Nov.30 total revenues of $260.6 million were up from $142.2 million in the same period a year […]

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