Eli Lilly — The drugmaker said its experimental Alzheimer’s drug failed to meet its goals in a phase 3 study, with no significant slowdown in memory loss. Lilly will abandon efforts to bring the drug to market as a result.
Deere & Co. — The heavy equipment maker reported quarterly profit of 90 cents per share, more than double the consensus estimate of 40 cents. Revenue was also above Street forecasts, with Deere calling 2016 one of its 10 best years despite a very difficult market.
Hewlett Packard Enterprise — The data center and services provider reported adjusted quarterly profit of 61 cents per share, one cent a share above estimates. Revenue was slightly below forecasts, and the company gave an outlook for the current quarter that falls largely below Street forecasts in what it calls a “tough market.”
HP Inc. — The other spinoff of the former Hewlett-Packard reported adjusted profit of 36 cents per share, in line with street forecasts. The computer and printer maker’s revenue came in above forecasts. HP said the personal computer market continues to be tough, but that it has eased somewhat.
Urban Outfitters — Urban Outfitters came in four cents a share short of estimates, with quarterly profit of 40 cents per share. Revenue for the apparel retailer was also below forecasts. Additionally, comparable-store sales rose one percent, compared to a consensus estimate of a 1.8 percent rise. The company’s results were impacted by higher markdowns and slowing sales at its Anthropologie unit.
GameStop — GameStop reported quarterly profit of 49 cents, two cents a share above estimates. The video game retailer’s revenue essentially in line. It gave a disappointing holiday season forecast, however, with a larger-than-expected sales drop. Game Stop also forecast current-quarter profit largely below Street estimates, as game players largely switch to downloads as opposed to buying physical copies of games.
Madison Square Garden — Madison Square Garden reported a credit card breach for the Garden itself, as well of several of its other venues, including Radio City Music Hall and the Beacon Theater in New York.
Alphabet — The company’s Google unit is near a tax settlement with the Indonesian government, according to a Reuters report. Google will reportedly agree to pay back taxes and fines, and to a new calculation of profits earned in the country.
Facebook — Facebook is developing a censorship tool aimed at persuading China to allow the social network to re-enter the market, according to a New York Times report. Facebook has been banned in China for the past seven years.
Amazon.com — Amazon could be impacted by a pilots strike at ABX Air, an express cargo airline that carries packages for Amazon and DHL Express. 250 pilots represented by the Teamsters union w
source”cnbc”
