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World's largest chemical company $DWDP reported a 4Q17 GAAP loss attributable to the company of $1.26Bil or $0.54 per share, driven by restructuring costs and write-down in asset values. Pro forma adjusted EPS, however, jumped 41% from a year ago. Correspondingly, revenue jumped 13% YoY, with net sales of $20.1Bil, helped by robust product demand.
$BHGE, a provider of oilfiled products and services, reported a net loss of $29MM or $0.07 per share in 4Q17. In the preceding quarter, the company had reported a loss of $0.24 per share. On a non-GAAP basis, Baker Hughes posted earnings of $0.15 per share in 4Q17. Total revenues were $5.76BIl, down 3% compared to the year-ago quarter.
$WBA appointed Sebastian James as SVP and President and Managing Director of Boots. He also will be joining the company in the summer of 2018 and taking up his new role at the beginning of the new fiscal year on Sept. 1. Elizabeth Fagan, who has led Boots since June 2016, will become new Non-Executive Chairman of Boots in the new fiscal year.
$LIVN said the first patient has been enrolled in the Behavior of Valve Leaflets and the Incidence of Reduced Mobility Post-Surgical Aortic Valve Implant Study. The study is expected to enroll about 230 patients at 15 sites from the U.S. and Canada to ascertain whether valve leaflets are fully operational following surgery.
$WBA stated that its beauty differentiation stores performed stronger in 1Q18 than in prior quarters. Additionally, the company's beauty category sales in these stores continued to be markedly better than in other stores, resulting in higher retail gross margin and higher comparable retail sales.
$WBA's all three segments reported an increase in sales in 1Q18 with Retail Pharmacy USA segment's pharmacy sales, which accounts for 72.4% of the division's sales, increasing 14.1%, driven by high prescription volumes. Retail Pharmacy International's sales rose 4.1% to $3.1Bil, while Pharmaceutical Wholesale sales jumped 5.6% to $5.7Bil.
$WBA raised the lower end of its FY18 guidance by $0.05 per share and now expects adjusted diluted net EPS in the range of $5.45-5.70. This guidance does not take into account any impact from the recent U.S. tax legislation and assumes current exchange rates for the rest of the fiscal year.
Pharmacy chain $WBA posted a 22.1% slump in its 1Q18 profit, bruised by impairment of the company's equity method investment in Guangzhou Pharmaceuticals Corporation. Profit slumped to $821MM or $0.81 per share from $1.05Bil or $0.97 a year earlier. Sales, however, jumped 7.85% to $30.7Bil. On an adjusted basis, $WBA earned $1.28 per share.
$TGNA appointed Brad Ramsey as president and general manager of WFAA in Dallas, TX. Ramsey will replace Michael Devlin who previously announced his retirement. Devlin will remain at WFAA through early February to ensure a smooth transition.
Media company $TGNA has signed an agreement to acquire the broadcasting stations of Midwest Television, Inc. in San Diego for $325MM in cash. The assets comprise KFMB-TV, KFMB-D2 and radio broadcast stations KFMB-AM and KFMB-FM. The transaction is expected to be accretive to TEGNA's EPS by a few cents in the first 12 months after close.