Stock Alert: Magnachip Stock Up As Co. Raises Revenue Outlook
Shares of Magnachip Semiconductor Corp. (MX) rose 11.05% on Tuesday to hit a new high of $14.58, before closing at $13.97, after the company raised its revenue guidance, better than the consensus estimates. The stock more than doubled in the past one year.
MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions.
On January 13, Magnachip said it expects fourth-quarter revenue to be in the range of $198 million-200 million, compared with the consensus estimate of $186 million. Previous guidance for revenue was in the range of $181 million to $191 million.
Fourth-quarter results are expected to be reported on February 13.
In November last year, Magnachip CEO YJ Kim was awarded the Industrial Service Medal by the Korean Government for his efforts to attract investment and encourage job development in Korea.
German economy posted modest growth in fourth quarter – stats office
BERLIN, Jan 15 (Reuters) – The German economy posted modest growth in the fourth quarter and had a slightly positive statistical overhang at the end of last year, the statistics office said on Wednesday, suggesting that Europe’s largest economy is carrying only little momentum into 2020. (Reporting by Michael Nienaber Editing by Thomas Seythal)
Daily Podcast: Royal Family crisis and controversy over Flybe rescue
On today’s Daily podcast we examine Flybe’s struggles, talk about the controversy over a rescue deal and discuss the airline’s regional importance.
We also take a more in-depth look at the Royal Family crisis after the Queen released a statement on discussions about Prince Harry and Meghan’s future roles.
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Health Check Podcast: Can you exercise when you are sick?
TAP/CLICK TO LISTEN: Health Check Ep 27: Can you exercise when you are sick?
Synopsis: In this fortnightly podcast series on Wednesdays, The Straits Times guides you to healthier living and clears up common misconceptions on health with expert guests.
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Gold Gains Ground As Trade Optimism Fades
Gold prices inched higher on Wednesday amid safe-haven buying after a top U.S. official said tariffs on Chinese goods would stay in place even after the preliminary agreement is signed.
Spot gold rose half a percent to $1,553.22 per ounce, while U.S. gold futures were up 0.6 percent at $1,553.25.
The United States and China are expected to sign a ‘Phase One’ trade deal later today. The deal will lead to China buying more American agricultural goods, machinery especially aircraft and energy products, but does not tackle issues such as subsidies.
U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer said there was no agreement in place with China on further tariff reductions.
If the Chinese don’t achieve the purchase price targets, the U.S. could impose new tariffs.
Adding to worries over U.S.-China trade relations, media reports suggest that the Trump administration is moving closer to a set of rules that would tighten sales of semiconductors to Chinese technology giant Huawei.
UnitedHealth Affirms FY20 Earnings Outlook – Quick Facts
UnitedHealth Group (UNH) said, for fiscal 2020, the company continues to project net earnings of $15.45 to $15.75 per share, and adjusted net earnings of $16.25 to $16.55 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $16.45. Analysts’ estimates typically exclude special items.
Fourth-quarter adjusted net earnings rose 18.9 percent to $3.90 per share. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $3.78 for the quarter. Analysts’ estimates typically exclude special items.
Fourth-quarter total revenues were $60.90 billion compared to $58.42 billion, prior year. Analysts expected revenue of $61.04 billion, for the quarter.
Unitedhealth Group, Inc. Q4 adjusted earnings Beat Estimates
Unitedhealth Group, Inc. (UNH) released a profit for its fourth quarter that increased from last year.
The company’s earnings totaled $3.54 billion, or $3.68 per share. This compares with $3.04 billion, or $3.10 per share, in last year’s fourth quarter.
Excluding items, Unitedhealth Group, Inc. reported adjusted earnings of $3.75 billion or $3.90 per share for the period.
Analysts had expected the company to earn $3.78 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 4.2% to $60.90 billion from $58.42 billion last year.
Unitedhealth Group, Inc. earnings at a glance:
-Earnings (Q4): $3.75 Bln. vs. $3.22 Bln. last year.
-EPS (Q4): $3.90 vs. $3.28 last year.
-Analysts Estimate: $3.78
-Revenue (Q4): $60.90 Bln vs. $58.42 Bln last year.
Lebanon house speaker says work underway to protect bank deposits -MP
BEIRUT, Jan 15 (Reuters) – Lebanese MP Ali Bazzi, citing the country’s parliament speaker, said on Wednesday that work was underway to protect bank deposits amid a financial crisis that has shaken confidence in the country’s banks.
Bazzi said parliament was ready to to “secure the preservation of people’s rights” and that small depositors and the deposits of expatriates would be protected.