Intevac Declines 16% Premarket

Intevac Declines 16% Premarket

Intevac (IVAC) shares slumped 16% in premarket trading on Tuesday after the maker of sensors for the defense industry posted an adjusted Q1 loss per share of $0.23, compared with adjusted EPS of $0.08 a year earlier and missing the average analyst estimate for an adjusted loss of $0.15 in a Capital IQ poll. Revenue declined more than 40% to $18.0 million from $30.4 million a year earlier, falling short […]

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Global Energy Report: Crude Falls In Asia As Market Mulls Iran Steps

Global Energy Report: Crude Falls In Asia As Market Mulls Iran Steps

Crude oil prices fell in Asia on Tuesday with the market uncertain if President Donald Trump will act to re-impose sanctions on Iran after Israel released a trove of documents related to Tehran’s nuclear weapons program ICE Brent crude futures, the benchmark for oil prices outside the US, fell 0.87% to $74.04 a barrel. US West Texas Intermediate crude futures dropped 1.06% to $67.84 a barrel. The US dollar index […]

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KLX Shares Fall Nearly 5% Pre-Bell on $4.25 Bln Takeover by Boeing

KLX Shares Fall Nearly 5% Pre-Bell on $4.25 Bln Takeover by Boeing

KLX (KLXI) shares were nearly 5% lower in Tuesday’s pre-market session after the provider of aviation parts and services agreed to be acquired by Boeing (BA) in a deal valued at $4.25 billion. Boeing is paying $63 per share in cash and assuming about $1 billion of net debt to acquire KLX. “This acquisition is the next step in our services growth strategy, with a clear opportunity to profitably grow […]

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Oracle Buys Cloud-Based Student Financing Software Provider Vocado to Expand Higher-Education Offering

Oracle Buys Cloud-Based Student Financing Software Provider Vocado to Expand Higher-Education Offering

Oracle (ORCL) said it has completed the acquisition of Vocado, which provides a student-centric, cloud-based financial aid product for higher education institutions. The financial terms of the transaction weren’t disclosed. “Oracle Student Cloud is Oracle’s next-generation, cloud-based SIS designed for all academic models across every stage of the modern student lifecycle,” Oracle said in a statement released late on Monday. “Vocado adds the most advanced financial aid solution with a […]

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TrueBlue Q1 Adjusted Profit Beats Expectations

TrueBlue Q1 Adjusted Profit Beats Expectations

TrueBlue (TBI), a staffing and recruitment firm, reported late Monday Q1 adjusted net profit of $0.31 per share, up from $0.21 per share in the prior year period and higher than the $0.22 per share Street estimate provided by Capital IQ. Revenue for the quarter ended April 1 was $554.4 million, down from $568.2 million reported for the comparable period last year and short of the $570.4 million Street estimate. […]

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Simpson Manufacturing Posts Q1 Results Beat

Simpson Manufacturing Posts Q1 Results Beat

Simpson Manufacturing (SSD), a maker of wood construction products, reported late Monday Q1 net profit of $0.54 per share, up from $0.48 per share in the prior year period and higher than the $0.48 per share Street estimate provided by Capital IQ. Net sales were $244.8 million, up from $219.9 million reported for the same period last year and higher than the $237.6 million Street estimate. In its outlook, Simpson […]

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