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Shares of American Axle & Manufacturing Holdings Inc. soared 11% in premarket trade Friday, after the engine and automotive products maker beat fourth-quarter profit and revenue that rose above expectations. Net income for the quarter to Dec. 31 rose to $106.3 million, or 93 cents a share, from $46.9 [...]
Fri, Feb 16, 2018
Source: Stock Market News
Former Republican presidential nominee Mitt Romney announced Friday he's running for Senate from Utah, saying he can help bring the state's values to Washington. Romney is aiming to replace retiring Sen. Orrin Hatch, a Republican who heads the Senate Finance Committee. One issue Romney focused on in his video message [...]
Fri, Feb 16, 2018
Source: Stock Market News
Wynn Resorts Ltd. confirmed Friday that Steve Wynn, who resigned as Chairman and Chief Executive last week amid allegations of sexual misconduct, was not entitled to any severance payment or other compensation under the employment agreement. The company said in an SEC filing, that Wynn has agreed to not [...]
Fri, Feb 16, 2018
Source: Stock Market News
Kraft Heinz Co. reported fourth-quarter net income of $8.0 billion, or $6.52 per share, up from $944.0 million, or 77 cents per share, for the same period last year. Adjusted EPS was 90 cents per share, missing the 95-cents FactSet consensus. Sales were $6.88 billion, down from $6.86 billion [...]
Fri, Feb 16, 2018
Source: Stock Market News
Campbell Soup Co. said Friday it had net income of $285 million, or 95 cents a share, in its fiscal second quarter to Jan. 28, up from $101 million, or 33 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.00, ahead of the FactSet consensus [...]
Fri, Feb 16, 2018
Source: Stock Market News