ASOS Raises 2018 Sales Guidance After Surge in Full Year Profit Buoyed by Growing Shipments

ASOS Raises 2018 Sales Guidance After Surge in Full Year Profit Buoyed by Growing Shipments

Online clothing retailer ASOS (ASC.L) has raised its guidance for fiscal year 2018 reported sales after it registered a surge in profit during the 2017 year which was helped by an increase in orders and customer engagement. The company, which sells over 85,000 branded and own-label products online, said that its sales guidance has been increased to 25-30% for the fiscal year 2018 inclusive of a modest currency tailwind, with […]

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Harley-Davidson Fiscal Q3 Results Top Street Marks

Harley-Davidson Fiscal Q3 Results Top Street Marks

Harley-Davidson (HOG), a producer of cruiser and touring motorcycles, reported Tuesday fiscal Q3 net profit of $0.40 per share, down from $0.64 per share in the prior year period but still came in higher than the $0.39 per share Street estimate provided by Capital IQ. Revenue for the quarter ended Sept. 24 was $962.1 million, down from $1.09 billion reported for the same period last year but topped the $958.7 […]

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Pearson Full-Year Profit Forecast Raised After Move to Digital, Rental Products

Pearson Full-Year Profit Forecast Raised After Move to Digital, Rental Products

Pearson (PSO), a UK-based education company whose most important market is North America, narrowed its profit forecast for 2017 to the upper half of its previous range as trading in the first nine months improved after a shift to digital and rental offerings. The company now expects 2017 adjusted operating profit of between 576 million pounds ($763 million) and 606 million pounds, rather than in the previous range of 546 […]

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Asian Stock Markets Muted Ahead of Chinese Communist Party Meeting in Beijing

Asian Stock Markets Muted Ahead of Chinese Communist Party Meeting in Beijing

Asian stock markets were muted Tuesday, ahead of the Wednesday start of the Chinese Communist Party twice-a-decade congress. President Xi Jinping is expected to be appointed to a second five-year term as leader and new economic policy directives made public. Hong Kong traded flat and Tokyo gained but Shanghai retreated, while other regional exchanges were also uneven. In Tokyo, the Nikkei 225 rose 0.38% on overnight Wall Street cues and […]

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Himax Technologies, ChipMOS Supply Apple’s iPhone X Key Component

Himax Technologies, ChipMOS Supply Apple’s iPhone X Key Component

Himax Technologies (HIMX), a fabless IC firm, has begun shipments of chips based on wafer-level optics (WLO) technology to Apple (AAPL), Digitimes reported on Thursday, citing industry sources. The report said the solution is reportedly a key component of the iPhone X’s face ID sensor. ChipMOS Technologies (IMOS) will also see revenues generated from orders for WLO chips increase substantially later in 2017 as the backend house has cut into […]

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