Briggs & Stratton Q2 EPS and Revenue Beats Expectations

Briggs & Stratton Q2 EPS and Revenue Beats Expectations

For the second quarter ended Jan 1, Briggs & Stratton reported non-GAAP earnings of $0.35 per share, beating the Capital IQ consensus estimate of $0.28 per share, and up a penny from last year. Total revenue increased from $413.4 million to $428.2 million, beating the estimated $416.3 million. For fiscal year 2017, the company expects revenue to be within the range of $1.86 billion to $1.90 billion, unchanged from previous […]

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Communications Systems Closing Costa Rica Production Facility

Communications Systems Closing Costa Rica Production Facility

Communications Systems, a provider of connectivity infrastructure and services for deployment of broadband networks, said late Tuesday it is closing its Alajuela, Costa Rica production facility and consolidating production into its Minnesota facilities. The Costa Rica facility employs about 113 employees and operations include fiber termination and injection molding production for the Suttle operating segment. The closure is intended to increase the efficiency of Suttle’s operations and improve the lead […]

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Royal Dutch Shell Sells Stake In SADAF Venture

Royal Dutch Shell Sells Stake In SADAF Venture

Royal Dutch Shell said it will sell its 50% share in Saudi Arabian petrochemicals venture SADAF to partner SABIC for $820 million. The joint venture was originally scheduled to expire in 2020 The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. Shell, which has been working with SABIC for 30 years, said it will continue to explore […]

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Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Inc. (LSTR) was edging higher in Wednesday late trading after the trucking and logistics company tonight reported Q3 net income of $0.86 per share, down from $0.90 per share during the same quarter last year but still beating the Capital IQ consensus by $0.05 per share. Revenue for the three months ended Sept. 30 declined % from year-ago levels to $788 million, better than the $777.4 million Street […]

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Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp (HBNC), a commercial bank holding company, declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on Oct. 31, the record date, will be entitled to receive an additional half share for each share of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would […]

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