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$ESIO said it received a multi-unit order for its GemStone flex PCB laser processing system from a manufacturer of flexible circuit boards. Introduced in 2015, the GemStone system relies on $ESIO's internally-developed laser, featuring GemPulse technology to deliver precise laser pulses demanded by leading-edge applications.
$XRX said it expects fiscal 2018 GAAP earnings from continuing operations to be in the range of $2.30 per share to $2.50 per share. Adjusted earnings are estimated to be between $3.50 per share and $3.70 per share. Fully year non-GAAP operating margin is forecasted to be in the range of 13% to 14%.
$XRX, the photocopier company, reported improved financial results in 4Q17. Net loss narrowed to $0.76 per share from $3.3 per share last year. Non-GAAP earnings moved up 4% to $1.04 per share. Revenues came in at $2.75Bil, broadly unchanged from the prior-year level. Financial performance has been impacted by high costs and muted sales growth.
$ABAX, a provider of medical diagnostic systems, said it obtained USDA approval for veterinary use of its new VetScan FLEX4 Rapid Test. The test is used for qualitative detection of Heartworm antigen and antibodies for Lyme, Ehrlichia and Anaplasma in canine blood. It provides veterinarians with increased flexibility to test infectious diseases.
$ABAX reported preliminary financial results for 3Q18. Abaxis expects revenues in 3Q18 in a range of $59-60MM, an increase of 12-14% YoY. In addition, Abaxis expects operating income before income tax provision for this period of $9-10MM, compared to $10.8MM in last year's third quarter.
$ABAX expects its effective income tax rate to decline by 200-300BP in FY18 vs. FY17, excluding a one-time non-cash charge related to the Tax Act. In 3Q18, $ABAX expects its effective income tax rate to be approx. 27%, excluding the one-time charge. $ABAX expects effective income tax rate in FY19 to be lower by 1,000-1,200BP vs. FY17.
$ABAX expects revenues in 3Q18 to be $59-60MM, up 12-14%, over last year. $ABAX expects operating income before income tax provision of $9-10MM. The company expects GM to be 53.5-54%. During 3Q18, $ABAX expects to record a one-time non-cash charge of approx. $2.5-3.5MM as a result of the Tax Cuts and Jobs Act.
$WEX invited certain prospective lenders to a meeting scheduled for Jan. 8, 2018 for the purpose of considering potential amendments to its credit facility, including a repricing of the company’s existing $1.185Bil Term Loan B and a potential $100MM increase to its Term Loan B.
$WU's subsidiary Western Union Financial Services, Inc. agreed to a consent order with the New York Department of Financial Services. This agreement resolves an investigation by NYDFS into deficiencies in compliance programs during 2004-2012. Under the terms, WUFSI will pay a total of $60MM to NYDFS to resolve violations of New York law.
$XRX announced that Jonathan Christodoro, former MD of Icahn Capital LP, resigned from the Xerox BoD. The standstill arrangement between Xerox and the Icahn Group entered into on June 27, 2016 was terminated, and Xerox received notice from Icahn Group of its nomination of four director candidates to stand for election at the 2018 Annual Meeting.
$WU announced that Française des Jeux (FDJ), the fourth largest national lottery in the world, will offer Western Union money transfers across the globe through a digital service using the Western Union mobile app and over 31,000 FDJ terminals across France.
Events company $VVI has appointed Virginia Henkels as an independent director of its Board of Directors, effective immediately. Earlier, Henkels served Swift Transportation Company as EVP, CFO and Treasurer. Prior to that, she held various leadership positions at Honeywell International.