On Friday, Shares of Ford Motor Co. (NYSE:F), lost -2.02% to $13.56.
On Wednesday, Sept. 16, Jim Farley, Ford Motor Company executive vice president and president Europe, Middle East and Africa, will take part in the Deutsche Bank Access IAA Cars 2015 Conference in Frankfurt.
The presentation will start at about 8 a.m., EDT, 2 p.m. CEST. A question and answer session will be comprised in the 50-minute presentation.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Comcast Corporation (NASDAQ:CMCSK), declined -1.03% to $56.78, during its last trading session.
Comcast Corporation Business declared that Hilton San Francisco Union Square hotel has upgraded its Comcast Business Ethernet services spanning its 1919 guest rooms and 130,000 square feet of meeting space, to provide a strong and reliable Internet experience for its guests. With the upgrade, Hilton San Francisco Union Square has moved from two Internet circuits of 500Mbps to two dedicated 1Gbps circuits, upgradable to 10Gbps.
Hilton San Francisco Union Square, the brand’s largest property in the Western U.S. and the largest hotel in San Francisco, hosts a variety of corporate clients counting leading organizations in the tech sector, making it imperative that its Internet offering is high-speed, reliable, flexible to scale and able to rapidly respond to the demands of its clientele in both its guest rooms and meeting spaces. It is equally important for the hotel to be able to provide the bandwidth to support guests’ social activities counting streaming video or other content to keep in touch with loved ones, while meeting industry standards to support up to 6,000 guests online at the same time.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
Finally, Medtronic plc (NYSE:MDT), ended its last trade with -1.43% loss, and closed at $68.98.
Medtronic declared financial results for its first quarter of fiscal year 2016, which ended July 31, 2015.
The company stated first quarter worldwide revenue of $7.274 billion, an improvement of 12 percent counting the extra week benefit. The extra selling week is a result of the company`s 52-53 week fiscal year calendar, which occurs every six years. While it is difficult to calculate an exact impact from the extra week, the company estimates that it benefitted first quarter comparable, constant currency revenue growth by about 6 percentage points. After adjusting for the estimated benefit of the extra selling week, first quarter worldwide revenue grew at the upper-end of the mid-single digit range. Foreign currency translation had a negative $529 million impact on revenue. As stated, revenue raised 70 percent when contrast to the $4.273 billion stated by Medtronic, Inc. in the first quarter of fiscal year 2015. As detailed in the attached table, first quarter non-GAAP income and diluted earnings per share were $1.462 billion and $1.02, an improvement of 47 percent and 3 percent, respectively. As stated, first quarter net income and diluted earnings per share were $820 million and $0.57, a decrease of 6 percent and 34 percent, respectively.
U.S. revenue of $4.142 billion represented 57 percent of company revenue and raised 14 percent, high-single digit growth adjusted for the extra week, or 78 percent as stated. Non-U.S. developed market revenue of $2.197 billion represented 30 percent of company revenue and raised 10 percent, mid-single digit growth adjusted for the extra week, or 58 percent as stated. Emerging market revenue of $935 million represented 13 percent of company revenue and raised 14 percent, high-single digit growth adjusted for the extra week, or 71 percent as stated.
Medtronic plc manufactures and sells device-based medical therapies worldwide. The company’s Cardiac and Vascular Group segment offers pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, AF products, diagnostics and monitoring devices, and remote monitoring and patient-centered software; and heart valves, percutaneous coronary intervention stent products, surgical valve replacement and repair products, endovascular stent grafts, and peripheral vascular intervention products.
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