Apple Invests in Corning

Apple Invests in Corning

Apple said on Friday that it will invest $200 million into long-time supplier Corning (GLW), a specialty glass and ceramics manufacturer, from a new $1 billion fund it has set up to help support manufacturing in the US. This is the first investment from Apple’s advanced manufacturing fund, created earlier this month, which aims to foster the development of new technologies and processes among US-based manufacturers and to create highly […]

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Big 5 Sporting Goods Gains

Big 5 Sporting Goods Gains

Big 5 Sporting Goods gained almost 3% after the company said late Tuesday Q1 sales were $252.6 million, up from $234.5 million in the year-ago level and topping the CapIQ mean estimate calling for $245.01 million. Same store sales increased 7.9%. Net income was $0.24 per share, above the Street’s $0.09 estimate and up from a loss last year. It declared a quarterly cash dividend of $0.15 per share of […]

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WEX Beats Q1 EPS and Sales Forecasts

WEX Beats Q1 EPS and Sales Forecasts

WEX shares are trading more than 2% lower after the company beat Q1 estimates, but issued soft Q2 guidance. For the first quarter, the company reported adjusted earnings of $1.23 per share, up from $0.98 a year ago, and two cents above the Capital IQ consensus estimate. Total revenue increased to $291.4 million from $205.9 million and beat the estimated $281.7 million. For the FY2017 WEX expects adjusted earnings to […]

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Tesla to Double Number of SuperChargers Globally This Year

Tesla to Double Number of SuperChargers Globally This Year

Tesla inched up almost 1% on Monday after the company said in a blog post it plans to double its SuperCharger network, add more chargers to its existing sites and broaden its charging locations within city centers this year. Tesla said it will double the number of SuperChargers globally to total more than 10,000 Superchargers and 15,000 Destination Charging connectors. In North America, it will increase the number of Superchargers […]

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SunCoke Energy Swings to Profit

SunCoke Energy Swings to Profit

SunCoke Energy, a producer of coke, reported Q1 net income of $0.02 per share, compared to a loss of $0.06 for the same period last year, and easily beating the consensus analyst forecast of a loss of $0.10. Revenues for the quarter were $309.7 million, down from $311.1 million in the year-ago quarter, and well short of the $410.6 million forecast by analysts. The company said that for 2017, it […]

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