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Analog and mixed-signal semiconductors supplier $SMTC reported a profit for 1Q17, helped by lower expenses and an after-tax benefit of $1.8MM. $SMTC said it posted a net income of $6.89MM, or $0.11 per share compared to a net loss of $0.14MM or $0.00 per share a year ago. Revenue rose 1% to $131.15MM. Excluding items, $SMTC earned $0.30 per share.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?