Wednesday headlines include an earnings beat from Deere,
Amazon launching its own credit-card reader, King Digital
reporting soft revenue, but declaring a big dividend, Target
hoping supply chain fixes will help its Canadian operations and
Boeing and Sikorsky building a helicopter prototype for the
Deere & Co.
Agricultural equipment maker Deere & Co. (
) said Wednesday that it
$2.33 per share in the third quarter, on $9.5 billion in sales.
Analysts had expected the company to earn $2.22 per share on
$8.75 billion in sales. The company also lowered its full-year
net income forecast for fiscal 2014 to $3.1 billion, from a prior
forecast for $3.3 billion.
Apparently not satisfied with just taking business from
brick-and-mortar retailers, online giant Amazon (
) is now offering a credit-card reader and mobile app that will
give the company data about how customers shop in the real world.
The new system costs $10, and will compete with companies like
Square and eBay unit PayPal.
The company behind "Candy Crush," King Digital (
) said Tuesday that it earned 52 cents per share in the second
quarter, or 59 cents per share on an adjusted basis. Revenue was
$593.6 million. Analysts had expected adjusted earnings of 59
cents per share on $609 million in revenue. For the full year,
the company said it expects gross bookings of $2.25 billion to
$2.35 billion, compared to a prior forecast for $2.55 billion to
$2.65 billion. The company also declared a special
of $150 million, or 46.9 cents per share payable to shareholders
of record as of Sept. 30.
Retailer Target (
) is fixing problems with its supply chain that it blames for its
struggling expansion into Canada. The company lost close to $1
billion after it opened 124 stores and three distribution centers
in the country in 2013. Sales north of the border were much lower
A team consisting of Boeing (
) and Sikorsky Aircraft has been chosen to build a prototype of
anew vertical-lift aircraft that could be chosen by the
to replace thousands of helicopters. Textron (TXT) unit Bell
Helicopter, will also be building a prototype in hopes of
ultimately winning a contract that could be worth more than $100
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