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Stock Market & Financial Investment News

News Breaks
February 5, 2014
11:03 EDTJNJ, XONE, DDD, SYK, VJET, GE, SSYS3D printer makers tumble after profit warning from 3D Systems
Shares of 3D printer makers are sinking after the largest company in the sector in terms of market capitalization, 3D Systems (DDD), pre-announced lower than expected fiscal 2013 profit and gave a disappointing earning outlook for next year. WHAT'S NEW: 3D Systems reduced its fiscal 2013 earnings per share outlook to 83c-87c from 93c-$1.03. Analysts' consensus estimate was 96c. However, the company reported preliminary fiscal 2013 revenue of $513 million-$514 million, within its previous outlook of $500M-$530M. Analysts' consensus estimate was $514.24M. 3D Systems blamed its lower than expected fiscal 2013 EPS on "very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth," along with weaker than expected demand for its parts and consumer products. For fiscal 2014, 3D Systems predicted that its EPS would be 73c-85c, versus analysts' consensus estimate of $1.27. However, the 3D printer maker expects its fiscal 2014 revenue to come in at $680M-$720M, versus the consensus estimate of $671.29M. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Peter Misek wrote that 3D Systems' opportunity in the professional and industrial markets is "only just beginning." 3D Systems' guidance is "appropriately conservative," wrote Misek, adding that his research suggests that the 3D printer maker is likely to announce deals with at least three major companies in 2014: Stryker (SYK), Johnson & Johnson (JNJ), and GE (GE). Misek kept a Buy rating on the stock. PRICE ACTION: In mid-morning trading, 3D Systems tumbled 22% to $59.25, but the stock was well above its low for the day of $54.63. Likewise, another major 3D printer maker, Stratasys (SSYS), retreated 8% to $108.60, but was well off its low for the day of $102.20. Another company in the space, ExOne (XONE), sank 10% to $40.27, while European 3D printer maker Voxeljet (VJET) gave back 6% to trade near $32.
News For DDD;SSYS;VJET;XONE;GE;SYK;JNJ From The Last 14 Days
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May 12, 2015
17:12 EDTVJETvoxeljet reports Q1 EPS (EUR49c) , consensus (EUR11c)
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11:43 EDTSYKStryker backs FY15 organic revenue growth of 5%-6%
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10:45 EDTGEAnalyst says Pall deal may spark more life sciences M&A
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09:51 EDTGEPall Corp. could be precursor to more Life Science deals, says Janney Capital
After The Wall Street Journal said Pall Corp. (PLL) is nearing a possible sale, naming Thermo Fisher (THO) and Danaher (DHR) as potential suitors, Janney Capital said it thinks dealmaking in the Life Sciences space won't stop with Pall, listing Repligen (RGEN), Bio-Techne (TECH) and VWR (VWR) as others in the industry that could see strategic bids emerge. The firm added that it expects that GE (GE), 3M (MMM), and private equity firms would also be involved in bidding in deals in the space.
May 11, 2015
17:58 EDTJNJJ&J's Janssen gets complete response letter regarding sNDA for Invega Sustenna
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17:23 EDTGEGE would consider concessions to secure Alstom deal, Reuters says
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17:01 EDTXONEExOne to delay filing 10-Q
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14:14 EDTSSYSPiper keeps Neutral on Stratasys pending better market conditions
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12:35 EDTGEGE not likely to gain unconditional approval for Alstom deal, Reuters reports
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12:28 EDTGEGE launches cloud foundry ‘Industrial Dojo’
GE Software announced its ‘Industrial Dojo,’ in collaboration with the Cloud Foundry Foundation, to strengthen its efforts to solve the world’s biggest industrial challenges. The Cloud Foundry Dojo program allows software developers to immerse themselves in open source projects to quickly learn the inner workings of the core technology and the unique agile development environment, as well as recommended methodologies for contributing code. GE also announced it will work with the Cloud Foundry community to develop and contribute open source code to the Cloud Foundry Foundation that will route all industrial messaging protocols. By opening this Industrial Dojo, GE Software is enabling developers to better learn industrial intricacies by pairing with experienced developers, thereby greatly reducing the time-to-productivity for those new to a project. Through this program, GE is bolstering its commitment to open source development and Cloud Foundry, and ultimately promoting the next wave of industrial innovation. Also announced, GE will drive, in collaboration with Pivotal, creation of a “TCP Router” to direct non-HTTP protocols and better equip Cloud Foundry to connect industrial machines with IT networks. By donating this innovation to the open source community, GE will enable Cloud Foundry to be used in a variety of industrial applications and use cases.
10:21 EDTGEGE says EU suspends review on Alstom deal, sees probe resuming, Reuters reports
General Electric (GE) said the investigation of its takeover bid for Alstom's (ALSMY) power equipment business was suspended last month by EU antitrust regulators, Reuters reports. GE says the probe was halted on April 24 to give the regulators time to review additional information, and believes the review will restart this week. Reference Link
09:21 EDTDDDOn The Fly: Pre-market Movers
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09:03 EDTDDD3D Systems signs distribution agreement with Konica Minolta Australia
3D Systems (:DDD) announced that it has entered into a distribution agreement with Konica Minolta Business Solutions Australia to provide its complete 3D printing product portfolio through Konica Minolta's (KNCAY) network of dealers and authorized resellers, as well as its direct sales channel throughout Australia. This builds on 3DS' successful partnership with Konica Minolta Business Solutions U.S.A. for distribution in the U.S. With this alliance, Konica Minolta Australia will enter the 3D printing market to provide its customers access to advanced manufacturing solutions, complementing and expanding its product and services portfolio. Konica Minolta Australia plans to focus on education, manufacturing, architects and print bureau industries.
08:36 EDTXONEExOne volatility elevated into Q1 and outlook
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07:05 EDTSSYSStratasys sees FY15 adjusted EPS $1.20-$1.70, consensus $1.39
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07:04 EDTSSYSStratasys reports Q1 adjusted EPS 4c, consensus 3c
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May 10, 2015
19:25 EDTJNJCourt rejects claim that drugmakers misled opiate patients, Bloomberg says
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14:05 EDTJNJJohnson & Johnson shares may deliver double-digit returns, Barron's says
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13:48 EDTDDD3D Systems stock may tumble another 30%, Barron's says
Shares of 3D Systems (DDD) could lose another 30% as the company faces development delays, low demand, and the entry of Hewlett-Packard (HPQ) into the market by 2016, Barron's contends in its "Follow Up" column. Barron's maintains its price forecast of $15. Reference Link
12:33 EDTGEHoneywell stock could rise 20% in 12 months, Barron's says
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