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MarketWatch MarketPulseApr 24, 2018
Biogen stock drops 2% after Q1 sales miss
Biogen Inc. shares dropped 2.4% in premarket trade Tuesday after the company reported a first-quarter sales miss. Earnings for the latest quarter rose to $1.2 billion, or $5.54 per share, from $748 million, or $3.46 per share in the year-earlier period. Adjusted earnings-per-share were $6.05, compared with the FactSet consensus of $5.93. Revenue rose to $3.13 billion from $2.81 billion, compared with the FactSet consensus of $3.15 billion. Revenue growth was largely driven by $364 million in revenue for the rare disease therapy Spinraza, compared with $47 million in the year-earlier period and $363 million in the fourth quarter, biosimilar revenue of $128 million and "other" revenues of $164 million, the company said. Even so, sales of Spinraza -- which has come to be one of Biogen's most important drugs -- came in below the FactSet consensus of $383 million. Company shares have plummeted 25% over the last three months, compared with a nearly 6% decline in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseApr 24, 2018
Lockheed Martin reports Q1 profit, revenue beats, raises guidance
Lockheed Martin Corp. shares rose 1% premarket after the company reported earnings and revenue beats and lifted its 2018 guidance. Earnings for the latest quarter rose to $1.16 billion, or $4.02 per share, from $789 million, or $2.69 per share in the year-earlier period. The FactSet adjusted earnings-per-share consensus was $3.39. Revenue rose to $11.63 billion from $11.21 billion, compared with the FactSet consensus of $11.24 billion. The company now expects 2018 revenue of $50.35 billion to $51.85 billion, above previous estimates of $50 billion to $51.5 billion, and 2018 EPS of $15.80 to $16.10, up from previous estimates of $15.20 to $15.50. Lockheed Martin shares have surged 8.5% over the last three months, compared with a nearly 6% drop in the S&P 500 and nearly 7% drop in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessApr 24, 2018
Whirlpool to sell Embraco compressor business to Japan's Nidec for $1.08 billion
(Reuters) - Home appliance maker Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan's Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing business.

RELATED ARTICLES
UPDATE 1-Whirlpool to sell Embraco compressor business to Japan's Nidec for $1.08 bln (Reuters Company News)
REFILE-Whirlpool to sell Embraco compressor business to Japan's Nidec (Reuters Company News)

Reuters Company NewsApr 23, 2018
UPDATE 6-Kroton nabs Somos for up to $1.8 bln in Brazil education deal
SAO PAULO/BRASILIA, April 23 (Reuters) - Brazil's largest for-profit education firm, Kroton Educacional SA, resumed its buying spree with an acquisition of Somos Educação SA for up to 6.3 billion reais ($1.8 billion), making a bold move into educating children after antitrust regulators knocked down a major university merger.

RELATED ARTICLES
Trimble to buy privately-held Viewpoint in $1.2 bln deal (Reuters Company News)
UPDATE 5-Brazil's Kroton buys education firm Somos in deal worth up to $1.8 bln (Reuters Company News)
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