WaferGen Bio-systems Sees Bump in Q4 Revenue

WaferGen Bio-systems Sees Bump in Q4 Revenue

WaferGen Bio-systems advanced in pre-market trading on Wednesday after the provider of medical diagnostic and testing equipment reported a surge in Q4 revenue, in preliminary results. The company expects Q4 revenue to be $3.9 million or a 62% increase when compared to the $2.4 million reported the year-earlier period. One analyst polled by Capital IQ projected revenue of $3.4 million. The company ended Q4 with cash of $4.5 million. For […]

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Cypress Semiconductor Q4 Results Narrowly Beat Views

Cypress Semiconductor Q4 Results Narrowly Beat Views

Shares of Cypress Semiconductor (CY) touched a new high since June 2015 on Friday after the company reported Q4 results which were slightly better-than-expected and issued in line guidance for Q1. For Q4 ended Jan. 1, adjusted EPS was $0.15 per share, up from $0.13 per share a year earlier and a penny above the consensus of analysts polled by Capital IQ. Revenues rose to $530.2 million from $450.1 million […]

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US Economy Added 227,000 Jobs in January

US Economy Added 227,000 Jobs in January

The US economy added more jobs than expected in the first month of the year supported by employment gains within the nation’s retail, construction and financial activities sectors, fresh data has shown. Nonfarm payroll employment rose by 227,000 in January, according to data published by the US Bureau of Labor Statistics on Friday. This beat economists’ forecasts for a monthly gain of 175,000 jobs and was higher than the upwardly […]

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European Equity Benchmarks Close Higher as Banks, Insurance Stocks Boost Markets

European Equity Benchmarks Close Higher as Banks, Insurance Stocks Boost Markets

The broad-based major European indices closed the week higher in Friday’s trading session, as rising bank stocks and insurance firms helped lift the markets into positive territory. In economic news, the eurozone economy made a strong start to 2017, with output growth at its highest in five years, and job creation accelerating to a near-nine year high, according to IHS Markit. The Markit Eurozone PMI Composite Output Index recorded a […]

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Health Care Stocks Stay on Positive Ground But Show Little Momentum

Health Care Stocks Stay on Positive Ground But Show Little Momentum

Health care stocks remain moderately higher today, with the NYSE Health Care Index turning in a 0.3% advance while shares of health care companies in the S&P 500 also were up 0.3% as a group. In company news, Cambrex Corp (CBM) rallied to an all-time high on Friday after the generic therapeutics company earlier today reported above-consensus Q4 net income and revenue. The company earned $1.23 per share during the […]

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