RTI Surgical shares were lower 10% on Wednesday after the surgical implant company reported a breakeven Q2 result compared to a profit of $0.05 per diluted share a year ago, missing the $0.03 profit estimate from analysts polled by Capital IQ. Revenue in Q2 fell to $67.6 million from $71.6[Read More…]
Shares of JetBlue Airways (JBLU) were 6% higher on Tuesday after the airline company reported Q2 earnings that beat expectations on higher revenues that met analysts’ forecasts. The company also guided for year-over-year capacity growth in Q3 and FY16. Separately, the company said it has agreed to buy an additional[Read More…]
Fiat Chrysler Automobiles N.V said it will invest $1.48 billion in its Sterling Heights Assembly Plant (Mich.) to build the next generation Ram 1500 pickup truck, and support the future growth of the Ram brand. The company also said that production of the Chrysler 200 will end in December in[Read More…]
Frequency Electronics (FEIM) shares rose 8% on Monday after the provider of precision time and frequency technology provided a positive outlook after reporting an unchanged loss per share of $0.01 in the fiscal Q4. In the quarter ended April 30, revenue fell to $14.2 million from $19.2 million. No analyst[Read More…]
Inventergy Global shares were higher 10% on Friday after the company said it has entered into a definitive agreement with institutional investors for the private placement of $3.0 million in convertible stock and warrants. The Silicon Valley intellectual property company intends to use $2.5 million of the proceeds to redeem[Read More…]
