European Equity Benchmarks Close Down

European Equity Benchmarks Close Down

The broad-based major European indices closed sharply lower in Wednesday’s trading session, as political controversy surrounding President Trump has diminished investor confidence that he will be able to deliver promised tax cuts and stimulus programs. In economic news, the U.K. employment rate reached a new record high of 74.8% in Q1, according to the Office for National Statistics. However, it also reported that the recent increase in consumer price inflation […]

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Gardner Denver Shares Gain in Debut

Gardner Denver Shares Gain in Debut

Shares of Gardner Denver rose 4% on their first day of trading on the New York Stock Exchange on Friday after the company priced late Thursday its initial public offering of 41.3 million shares at $20 apiece. Underwriters were granted a 30-day option to buy up to an additional 6.2 million shares, the provider of mission-critical flow control and compression equipment and associated aftermarket parts said. Gardner Denver said it […]

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Comtech Unit Wins Contract

Comtech Unit Wins Contract

Comtech Telecommunications said Monday that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, won a five-year firm-fixed price, indefinite-delivery/indefinite-quantity contract to provide Blue Force Tracking aviation terminals to the Defense Logistics Agency. Under the award, the agency will procure Comtech’s AVX-06-203 aviation satellite communication transceivers. The contract has a single five-year base period, and a maximum value of $4.2 million. This award is in addition to the previously awarded $42.7 million […]

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European ADRs Move Lower

European ADRs Move Lower

American depository receipts of European stocks were 0.2% lower at 130.63 on the Bank of New York Mellon Europe ADR Index on Wednesday morning. Decliners in Continental Europe were led by Forward Pharma (FWP), a Danish biopharmaceutical company, 2.6% lower, followed by steel manufacturer ArcelorMittal (MT), down by 2.4% and Criteo (CRTO), a French technology company, also 2.4% lower. STMicroelectronics – New York Shares (STM), an Italian semiconductor company, was […]

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Cabot Microelectronics Fiscal Q2 Results Top Street

Cabot Microelectronics Fiscal Q2 Results Top Street

Cabot Microelectronics reported Thursday fiscal Q2 adjusted earnings of $0.76 per share, up from $0.37 per share in the prior year period and higher than the $0.67 earnings per share Street estimate provided by Capital IQ. Revenues for the quarter ended March 31 were $119.2 million, up from $99.3 million reported for the same period last year and higher than the $114.9 million Street estimate. “Looking ahead, we are seeing […]

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