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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.
Medical research firm $TMO reported a decline in 4Q17 profit, owing to higher income tax provision. Earnings dropped to $528MM or $1.30 per share from $630MM or $1.59 per share in 4Q16. On an adjusted basis, earnings rose 16% to $2.79 per share. Revenues, meanwhile moved up 22% to $6.05BIl, helped by gains from acquisitions and favorable currency.
$AQUA, which provides water treatment solutions, has appointed Peter Wilver to its board of directors. Wilver, a former senior executive at $TMO, most recently served as Thermo Fisher's EVP and Chief Administrative Officer. Earlier, he held financial management roles at various industrial companies including GE, Honeywell and Grimes Aerospace.
$TMO, a leading medical technology company, has signed an agreement with life sciences firm $ILMN, under which Thermo Fisher will provide Illumina with Ion AmpliSeq technology. The tie-up will help Illumina effectively sell Ion AmpliSeq technology to researchers engaged in scientific studies on its next-generation sequencing (NGS) platforms.
$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.
$AKAM announced the appointment of Fari Ebrahimi as SVP and Chief Information Officer, effective immediately. Mr. Ebrahimi succeeds Kumud Kalia and he will report to CEO Dr. Tom Leighton. Mr. Ebrahimi joins $AKAM from Avaya. He will be based in $AKAM’s corporate headquarters in Cambridge, Massachusetts.
$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.
$AKAM completed its acquisition of Nominum, a provider of DNS-based security solutions supporting many of the world's leading carriers. The combination of the two companies’ technologies and teams is expected to help Akamai serve a larger base of carrier and enterprise customers with more comprehensive security products.