Financial News

Microsoft Names LinkedIn Executive Kevin Scott as Chief Technology Officer

Microsoft shares were slightly higher Tuesday morning after the company said it appointed Kevin Scott to a newly-created role of chief technology officer. Scott will serve as CTO of the technology firm and join its senior leadership team while also serving as LinkedIn’s (LNKD) senior vice president of infrastructure. MicrosoftRead More

PetMed Express Fiscal Q3 Earnings Meet Views

PetMed Express said Monday that its fiscal Q3 net income was unchanged at $0.24 per share, in line with the average estimate from analysts polled by Capital IQ. The marketer of prescription and non-prescription pet medications said revenue in the quarter ended Dec. 31 rose to $52.9 million from $50.9Read More

US Oil Rig Count Surges to Highest Since November 2015

The US oil rig count rose for the 11th time in 12 weeks, jumping by 29 to the highest since the period ending Nov. 25, 2015, Baker Hughes (BHI) data showed on Friday. The tally compares to 510 in the same period a year ago, while the oil and gasRead More

WNS Posts Fiscal Q3 EPS, Revenue Beat

WNS reported financial results for fiscal Q3, with both top and bottom lines exceeding Street expectations; it also raised its guidance for fiscal 2017 above analysts’ forcasts. For the quarter ended Dec. 31, the provider of global business process management services posted adjusted earnings of $0.49 per ADS, compared withRead More

Production Jump Leaves Year-End Upturn

The 0.8% U.S. December industrial production surge after downward revisions beat estimates of a 0.6% increase, which leaves an upturn into year-end, as the big 9.7% weather-hit to the utility output over the prior three months was sharply reversed with a 6.6% pop, alongside a 1.8% vehicle assembly rate bounceRead More

Tutor Perini Wins LA Purple Line Contract

Tutor Perini, a construction company, said Tuesday it has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Westside Purple Line extension Section 2 project. The contract is valued at more than $1.38 billion. The project involves construction of aRead More