Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Posts Mixed Q3 Results; Boosts FY16 EPS Outlook Above Street, Narrows Revenue Guidance Range In Line

Wabco Holdings (WBC) reported financial results for Q3, with better-than-expected earnings and revenue that fell short of analysts’ estimates; it raised its fiscal 2016 outlook for earnings and narrowed its guidance range for revenue. The supplier of electronic, mechanical, electro-mechanical and aerodynamic products posted Q3 earnings of $1.54 per share, compared with the prior-year period’s $1.39 per share. Analysts polled by Capital IQ were expecting EPS of $1.48. Revenue was […]

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Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft Expected to Post Slight Year-on-Year Growth in First-Quarter Earnings, Revenue

Microsoft (MSFT) is expected by analysts to report slight year-over-year increases in fiscal first-quarter adjusted earnings and revenue on Thursday afternoon, with analysts hoping for signs of server-products growth, improving commercial-cloud margins and abating foreign-exchange headwinds. On average, for the quarter ended in September, analysts expect Microsoft to post adjusted earnings per share of $0.68, up slightly from $0.67 a year earlier, according to the mean estimate of analysts polled […]

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ECB Leaves Monetary Policy Unchanged, Euro Treading Water Before Draghi

ECB Leaves Monetary Policy Unchanged, Euro Treading Water Before Draghi

The euro erased its overnight loss against the dollar and is trading fractionally higher at the North American open after the European Central Bank left interest rates and the size of its quantitative easing program unchanged, as expected. Earlier losses tied to bearish German inflation data — the EUR/USD traded as low as 1.0952 after the -0.2% drop in the September PPI — were effectively wiped out by the ECB […]

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Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in December were 1.4% lower at $51.08 per barrel during Thursday’s pre-market trading session while Brent oil futures for delivery in the same month were down by 1.5% at $51.85 per barrel. The pre-bell price declines partially erase gains recorded on Wednesday after government data showed that inventories of oil contracted by more than expected. It also coincides with an increase […]

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