The Waterloo, Ont., software company said it generated US$162-million in revenue in its fiscal third quarter ended Nov. 30, well above analyst expectations of US$151-million, driven by better-than-expected results in both its cybersecurity and connected-car software units. The company’s adjusted operating earnings for the quarter were US$23-million, significantly higher than analyst expectations in the mid-single digits millions.
BlackBerry said Monday it had sold Cylance to Arctic Wolf Networks Inc., for US$120-million in cash and 5.5 million of the privately held buyer’s common shares. The value of the deal is difficult to estimate, but is clearly a fraction of the US$1.
“The decision to proceed with a full separation of the LTL segment has the potential to unlock significant value and is a welcomed holiday gift to FDX shareholders,” BMO Capital Markets analyst Fadi Chamoun wrote in a note on Friday. The move will allow FedEx to sharpen its focus on addressing the impact of soft industrial shipping demand and a shift away from higher-priced deliveries among customers.
The company reported quarterly revenue of US$5.94-billion, compared with analysts’ estimates of US$5.93-billion, per data compiled by LSEG. New CEO Elliott Hill said Nike’s efforts to regain lost market share would mean some short-term pain. The company had “lost its obsession with sport,” he said in his first earnings call since taking the helm in October.
Shares surged 11 per cent immediately after the earnings report but gave up those gains after Mr. Hill and CFO Matthew Friend reined in expectations. So far this year, Nike shares have slumped nearly 30 per cent. Net earnings decreased to $2.1-million or 4 cents per share, down from net earnings of $5.3-million or 11 cents per share for the same quarter last year.
“We’ve long thought that it would make sense for STEP to be taken out by one of the frac competitors in Western Canada, specifically TCW. We still think that. The bigger question is what price ARC would be willing to entertain for a transaction . The fact that no other biddertoo wide. At the same time, we know that ARC can’t hold their stake in STEP forever , their own takeout proposal was voted down, and for whatever reason ARC can’t/won’t pay more than $5.00/share.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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