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Cerner Reports In-Line; Maintains Outlook

Health care information technology provider Cerner Corp. (NASDAQ: CERN - $66.43) reported third quarter revenue was $1.429 billion, an increase of 7% compared to $1.340 billion in the third quarter of 2018, and in line with the analyst and company forecasts. Adjusted earnings were $211.7 million, compared to $209.4 million in the third quarter of… Continue reading Cerner Reports In-Line; Maintains Outlook

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Gilead Sciences Reports In-Line; Raises Guidance

Gilead Sciences (NASDAQ: GILD - $62.98) posted third-quarter results largely in line with Wall Street estimates. The Foster City, Calif.-based company, which has operations in more than 35 countries worldwide, generated revenue of $5.604 billion in the third quarter, fractionally ahead of the $5.596 billion registered in the prior-year period and just shy of the consensus estimate of $5.61 billion. Product sales came… Continue reading Gilead Sciences Reports In-Line; Raises Guidance

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Cerner To Acquire AbleVets

Healthcare information services provider Cerner Corp. (NASDAQ: CERN - $68.14) said it has entered into a definitive agreement to acquire AbleVets - a strategic IT consulting and engineering firm - as a wholly owned subsidiary. The acquisition of the Washington, DC area-based company will provide Cerner even greater scale and technical expertise in designing and implementing modernization solutions, particularly… Continue reading Cerner To Acquire AbleVets

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CSX Beats Earnings’ Estimates on Lower Revenue

Jacksonville, Florida-based CSX Corp. (NYSE: CSX - $70.70) reported a quarterly profit that topped Wall Street estimates as cost cuts helped the east coast railroad offset lower volumes of shipment in its coal and intermodal units. Revenue fell 4.8% to $2.98 billion in the quarter and slightly below consensus views. Sales in the company's intermodal unit – which moves… Continue reading CSX Beats Earnings’ Estimates on Lower Revenue

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JPMorgan Chase Delivers Strong Results

JPMorgan Chase & Co. (NYSE: JPM - $120.97), the largest bank in the United States, kicked off the bank earnings season with better-than-expected September-quarter results. The company earned $2.68 a share, exceeding the $2.34 it earned in the year-earlier period and $0.23 better than analysts’ views. Although net interest income inched only 1% higher, fee-based… Continue reading JPMorgan Chase Delivers Strong Results

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International Paper Hikes Dividend

Memphis-based International Paper Co. (NYSE: IP - $41.56) declared a quarterly dividend of $0.5125 per share for the period from October 1, 2019, to December 31, 2019, a 2.5% increase over the previous payout. The dividend is payable on December 16, 2019, to holders of record at the close of business on November 15, 2019.… Continue reading International Paper Hikes Dividend

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Delta Beats Street Views; Outlook Disappoints

Atlanta’s Delta Air Lines (NYSE: DAL - $52.44) reported its third-quarter results, turning in earnings that were a nickel above what Wall Street expected, but management's profit forecast for the current quarter was less upbeat than anticipated. Delta earned $2.31 a share from $12.6 billion in sales compared to $1.80 last year on revenue of… Continue reading Delta Beats Street Views; Outlook Disappoints