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Drug maker Eli Lilly & Co. on Thursday raised its full-year earnings guidance after posting better-than-expected results for the third quarter. The company said profit in the three months to Sept. 30 rose 60% to $799.7 million, or 75 cents a share, up from $500.6 million, or 47 cents a share, in the year-ago period. Adjusted profit rose 22% to 89 cents a share, beating a FactSet estimate of 76 cents a share. Revenue inched 2% higher to $4.96 billion, slightly below forecasts. The company raised its 2015 per-share earnings outlook to $2.40 to $2.45 from the previous forecast of $2.20 to $2.30. Shares rose 1.6% ahead of the bell.

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From:: Stock Market News

Dunkin’ Brands Group Inc. on Thursday posted quarterly earnings and sales that were above Wall Street expectations. Third-quarter net earnings at the doughnut seller were $46.2 million, or 48 cents a share, down from $54.7 million, or 52 cents a share, a year earlier. Adjusted earnings were 52 cents a share for the most recent period, and revenue of $209.8 million was higher than the $192.6 million in made last year. Analysts polled by FactSet expected Dunkin’ to report adjusted earnings of 51 cents a share, on sales of $204 million. The company said same-store sales at U.S. Dunkin’ Donuts stores rose 1.1%, compared with a 2% rise a year ago. Analysts were looking for an increase of 1.6%, according to FactSet.

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From:: Stock Market News

This Old House general contractor Tom Silva installs interior window trim using hand tools …read more

From:: DIY this old house

Billionaire investor David Einhorn’s Greenlight Capital hedge fund has taken new long positions in retailer Michael Kors Holdings Ltd. and electric services group UIL Holding Corp. , according to a new letter to shareholders, Reuters on Wednesday. Einhorn said the fund entered a fresh short position on Keurig Green Mountain Inc. at $102.08, saying “the second time has been a charm,” while exiting short bets against real estate group St. Joe Co. , U.S. Steel Corp. , Robert Half International Inc. and Intel Corp. . Greenlight liquidated positions in LAM Research Corp. and Citizens Financial Group Inc. . The letter said that between June 4 and Aug. 18, Greenlight Capital lost over 14%, according to Reuters. Einhorn told investors that issues remain for two of his three biggest positions, noting that problems kicked in at the start of summer in all three. He said it was a mistake not to hedge commodity risk connected to his position in Consol Energy Inc. .

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From:: Stock Market News

Biotechnology company Viventia Bio Inc. filed for an initial public offering Wednesday, seeking to sell up to $86.25 million worth of shares. The company specializes in targeted-protein cancer therapies. Viventia cautioned it has incurred “significant losses” since it was started and such losses are likely to continue. As of June, Viventia had a deficit of $31.3 million. Underwriters include Cowen and Co. and Guggenheim Securities. The company will trade on the Nasdaq stock exchange under the symbol VITA.

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From:: Stock Market News

Oclaro Inc. shares jumped in the extended session Wednesday after the optical networking company forecast fiscal first-quarter results above the Wall Street consensus. Oclaro shares surged 20% to $2.89. The company expects quarterly revenue of about $87.5 million. Analysts had estimated revenue of $85.4 million.

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From:: Stock Market News

Raymond James Financial Inc. shares ticked slightly lower in the extended session Wednesday after the financial services company missed Wall Street earnings estimates for the fiscal first quarter. Raymond James shares slipped 0.1% to $51.15. The company reported fiscal first-quarter earnings of 88 cents a share on revenue of $1.37 billion. Analysts surveyed by FactSet had forecast 93 cents a share on revenue of $1.36 billion.

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From:: Stock Market News

Average auction prices of the Volkswagen AG diesel cars in the eye of an emissions scandal have dropped nearly 16%, Kelley Blue Book said Wednesday. The brand’s gas-powered cars have been affected as well, with average auction prices on those down 3%. On KBB.com, new-car shopping activity for the diesel cars affected has dropped on average 2.4%, Kelley Blue Book said. Shoppers are not necessarily looking for fuel-efficient or hybrid vehicles. Those interested in the Jetta TDI, for example, are looking to the Honda Civic, Mazda3 and Ford Fusion as alternatives, KBB.com said, citing its own cross-shopping data. Volkswagen last month admitted tohaving used software in some 11 million cars worldwide to foil emissions tests.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Average auction prices of the Volkswagen AG diesel cars in the eye of an emissions scandal have dropped nearly 16%, Kelley Blue Book said Wednesday. The brand’s gas-powered cars have been affected as well, with average auction prices on those down 3%. On KBB.com, new-car shopping activity for the diesel cars affected has dropped on average 2.4%, Kelley Blue Book said. Shoppers are not necessarily looking for fuel-efficient or hybrid vehicles. Those interested in the Jetta TDI, for example, are looking to the Honda Civic, Mazda3 and Ford Fusion as alternatives, KBB.com said, citing its own cross-shopping data. Volkswagen last month admitted tohaving used software in some 11 million cars worldwide to foil emissions tests.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of hospital operators fell in the extended session Wednesday after Community Health Systems Inc. forecast third-quarter results below the Wall Street consensus. Community Health Systems shares dropped 15% to $34.40. The company estimated third-quarter earnings of 56 cents a share on revenue of about $4.85 billion. Analysts surveyed by FactSet had estimated earnings of 89 cents a share on revenue of $4.95 billion. Shares of other hospital operators fell on the news with Tenet Healthcare Corp. down 8% to $32, and HCA Holdings Inc. down 7% at $66.30, and Lifepoint Health Inc. shares down 6% at $68.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News