Sainsbury’s Third Quarter Sales Up

Sainsbury’s Third Quarter Sales Up

British supermarket chain Sainsbury’s has signaled an end to slumping quarterly sales in a trading update for the Christmas period as online purchases posted double digit growth and sales of apparel surged. The company, which operates 604 supermarkets and 796 convenience stores across the UK, reported that like-for-like retail sales rose by 0.1% in the 15-week period to January 7 while total retail sales advanced by 0.8% over the same […]

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Novadaq Technologies’ Price Target Cut to $13 by RBC

Novadaq Technologies’ Price Target Cut to $13 by RBC

Novadaq Technologies (NVDQ) received a price-target reduction Wednesday from RBC Capital Markets following the medical-device company’s release after Tuesday’s close of preliminary fourth-quarter revenue and 2017 sales guidance that missed analysts’ expectations. In the disappointing pre-announcement, Novadaq said it expects revenue for the fourth quarter at about $20.2 million, below analysts’ mean estimate at the time according to Capital IQ of $25.4 million; the Street view has since declined to […]

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Adobe Guides Full Year Revenue Above Estimates

Adobe Guides Full Year Revenue Above Estimates

Adobe Systems, a software company, said it expects full year 2017 revenue of $7.09 billion, topping the $6.99 billion average estimate from analysts polled by Capital IQ. Full year adjusted earnings per share is anticipated at $3.75, short of the Street projection of $3.83. Q1 revenues are expected at $1.64 billion, topping the Street projection of $1.63 billion. Q1 adjusted EPS is anticipated at $0.87, in line with the Street […]

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Ollie’s Bargain Outlet Reports Strong Holiday, Comparable Store Sales

Ollie’s Bargain Outlet Reports Strong Holiday, Comparable Store Sales

Ollie’s Bargain Outlet Holdings reported Monday holiday sales and comparable store sales that increased year over year and raised its guidance for the full year fiscal 2017 above Street expectations. The retailer of brand name merchandise said that total sales for the nine-week period ended Dec. 31, 2016 rose 16.3%, with a comparable store sales increase of 1.9%. The company now expects total net sales for the fiscal year ending […]

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Invitae Expands Genome Network Via AltaVoice Acquisition

Invitae Expands Genome Network Via AltaVoice Acquisition

Invitae, one of the fastest growing genetic information companies, said it acquired AltaVoice, a privately owned, patient-centered data company with a global platform for collecting, curating and delivering safeguarded data from patients and clinicians. The acquisition, complemented by several other unique partnerships, expands Invitae’s Genome Network, designed to connect patients, clinicians, and therapeutic developers to accelerate the understanding, diagnosis, and treatment of hereditary disease. In a separate statement, Invitae announced […]

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Energizer, Jasco Products Sign License Deal

Energizer, Jasco Products Sign License Deal

Energizer Holdings said Thursday that it has licensed the Energizer brand to Jasco Products, a LED lighting and consumer electronic solutions company, to produce a range of LED consumer home lighting solutions in the U.S. and Canada. This license agreement includes LED lighting fixtures including direct wire, battery operated, and plug in solutions. Jasco will introduce Energizer in a new booth display during CES 2017, a global consumer electronics and […]

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