27 January, 2017 by The TZ Newswire Staff Comments Off on Gold Price Bounces on Weak US GDP Data
Gold Price Bounces on Weak US GDP Data
GOLD PRICES bounced but then fell back to 2-week lows against the Dollar lunchtime Friday in London as the US currency shrugged off weaker-than-expected GDP growth data from the world’s No.1 economy. US gross domestic product grew 1.9% annualized…
27 January, 2017 by The TZ Newswire Staff Comments Off on Chevron signals more asset sales, higher US drilling after missing profit forecasts badly
Chevron signals more asset sales, higher US drilling after missing profit forecasts badly
Chevron reported a second straight quarter of profits, but low oil and gas prices dragged the company to an annual loss.
27 January, 2017 by The TZ Newswire Staff Comments Off on VMware Reports Double-Digit Earnings Growth
VMware Reports Double-Digit Earnings Growth
Image source: VMware.
Virtualization and cloud infrastructure provider VMware (NYSE: VMW) reported its fourth-quarter results after the market closed on Jan. 26. Revenue growth was driven by solid results in both the licensing and services businesses, and earnings continued to grow faster than sales. Guidance calls for slightly slower growth during the first quarter, but EPS is still expected to expand at a double-digit rate. Here’s what investors need to know about VMware’s fourth-quarter results.
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27 January, 2017 by The TZ Newswire Staff Comments Off on Why Chemours’ 300% Gain in 2016 Isn’t as Impressive as it Sounds
Why Chemours’ 300% Gain in 2016 Isn’t as Impressive as it Sounds
Three. Hundred. Percent.
That’s how much the stock of chemical company Chemours (NYSE: CC) grew last year. It’s all the more impressive considering that Chemours, a DuPont (NYSE: DD) spinoff, is in the sleepy chemical and materials science industry, and it isn’t even a major player in the industry at that.
27 January, 2017 by The TZ Newswire Staff Comments Off on Why Oclaro Inc. Could Quietly Outperform the Market in 2017
Why Oclaro Inc. Could Quietly Outperform the Market in 2017
Shares of Oclaro (NASDAQ: OCLR) recently surged after the optical components manufacturer released its preliminary second quarter results. Revenue is expected to rise 63%-64% annually, compared to its prior forecast for 55%-64% growth. It expects its non-GAAP gross margin to hit 40%, boosting its non-GAAP operating income from $5.3 million a year ago to $36 million — which tops its prior guidance of $22-$26 million. On a GAAP basis, Oclaro expects gross margin of 39.5% and operating income of $33 million.
27 January, 2017 by The TZ Newswire Staff Comments Off on Apple’s iPhone Plunges To A Distant Second In Chinese Smartphone Market
Apple’s iPhone Plunges To A Distant Second In Chinese Smartphone Market
Apple Inc. (NASDAQ:AAPL) no longer has the top-selling smartphone in China, marking the first time it’s lost the top spot in nearly five years.
The development makes Apple “vulnerable” in the world’s second largest economy, said analysts at Counterpoint Research today. In fact, the iPhone is now a distant second in terms of sales in China: