3M To Acquire M*Modal’s Technology Business For Enterprise Value Of $1 Bln

3M Co. (MMM) said Wednesday that it has entered into a definitive agreement to acquire the technology business of M*Modal for a total enterprise value of $1.0 billion. M*Modal is a healthcare technology provider of cloud-based, conversational Artificial Intelligence or AI-powered systems that help physicians efficiently capture and improve the patient narrative so they can spend more time with their […]

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DS Smith H1 Pretax Profit Rises; Organic Growth In Revenue At 6% – Quick Facts

Smith (DS) PLC (SMDS.L) reported profit before tax of 162 million pounds for the half year ended 31 October 2018 compared to 128 million pounds, previous year. Total earnings per share for continuing operations were 9.4 pence compared to 9.0 pence. Adjusted profit before tax was 220 million pounds compared to 167 million pounds, last year. Earnings per share for […]

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Euromoney FY Pretax Profit Rises; Underlying Revenue Up 3% – Quick Facts

Euromoney Institutional Investor plc (ERM.L) reported profit before tax of 161.2 million pounds for the year ending 30 September 2018 compared to 40.7 million pounds, previous year. Earnings per share from continuing operations was 102.03 pence compared to 32.68 pence. The Group said its statutory profit before tax was higher than the adjusted profit before tax mainly due to exceptional […]

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Aggreko 9-month Underlying Revenue Up 11% – Quick Facts

Aggreko PLC (AGK.L) reported that its underlying Group revenue (excluding the impact of currency and pass-through fuel) for the nine months ended 30 September was up 11% on last year, with reported revenue up 7%. Rental Solutions underlying revenue increased 26% on the prior year and 24% excluding hurricane-related work in North America. Power Solutions Industrial underlying revenue was up […]

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Crédit Agricole S.A. Q3 Profit Rises; Underlying Revenue Up 5.9% – Quick Facts

Crédit Agricole S.A. (CRARF.PK) reported third-quarter net income Group share of 1.10 billion euros, an increase of 3.2% from last year. Earnings per share was 0.35 euros compared to 0.34 euros. Underlying net profit Group share was 1.13 billion euros, an increase of 17.3%. underlying earnings per share was 0.37 euros, up 18.9%. Stated net revenues were 4.80 billion euros, […]

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Exxon Mobil, Chevron Shares Rise As Q3 Profits Beat Estimates

Oil majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) on Friday reported sharp increase in third-quarter profits from last year on strong revenue growth that reflected higher crude oil prices. Exxon Mobil’s revenues and adjusted earnings as well as Chevron’s earnings beat analysts’ expectations, while Chevron’s revenues missed their estimates. Shares of both companies are rising in pre-market activity. […]

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General Electric Q3 Adj. EPS Down 33%; Cuts Quarterly Dividend To $0.01

General Electric Co (GE) reported that its third-quarter adjusted Industrial EPS declined 38% year-over-year to $0.13 from $0.21. Adjusted Industrial earnings were $1.16 billion, down 36% from prior year. Adjusted EPS was $0.14 compared to $0.21. Adjusted earnings declined 35% to $1.18 billion. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of […]

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