Wednesday, 25 April 2018

Daily Investor Update: Safran says higher first-quarter revenue bolsters full-year targets

Safran says higher first-quarter revenue bolsters full-year targets

PARIS (Reuters) - Safran said on Wednesday it expected to reach the high end of its full-year targets after posting a 12 percent rise in first-quarter revenues, and said it had not discovered any surprises since taking over Zodiac Aerospace in March.

Facebook quarterly profit, revenue beat estimates

(Reuters) - Facebook Inc's quarterly profit and revenue beat analysts' estimates on Wednesday, as the social media company's mobile ad business grew on a major push to add more video content.

Ford posts higher quarterly net profit, beats Wall Street estimates

DETROIT (Reuters) - Ford Motor Co on Wednesday posted a higher quarterly net profit, beating analyst expectations, as a 7 percent increase in revenue and a lower tax rate offset a jump in expenses, especially commodity costs.

Stocks weaker for fifth day as U.S. 10-year debt yield tops 3 percent

NEW YORK (Reuters) - A gauge of global equities suffered its longest losing streak this year on Wednesday as 10-year U.S. Treasury yields again scaled the 3 percent mark, stoking concerns about rising costs that could dampen corporate profits.

Stocks end slightly higher though rate jitters linger

(Reuters) - Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs.

Qualcomm's quarterly profit falls 51.5 percent

(Reuters) - Qualcomm Inc's quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.

Canada slams U.S. on steel, sunset clause as NAFTA talks heat up

WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounts to seal a quick deal on updating NAFTA.

Twitter shares fall on outlook of slower growth, rising costs

(Reuters) - Twitter Inc shares fell on Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.

Chevron evacuates Venezuela executives following staff arrests

(Reuters) - U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Nasdaq open to cryptocurrency exchange in future, says CEO

(Reuters) - Nasdaq Inc is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange operator said on Wednesday.

BRIEF-Galapagos NV Q1 Basic And Diluted Loss Per Share EUR 0.73

* GALAPAGOS EXPECTS AN OPERATIONAL CASH BURN BETWEEN €220 AND €240 MILLION IN 2018

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