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Pearson expects no change from U.S. tax reform

“In 2017, underlying revenue fell 2% in line with expectations as North America revenue fell 4%” reports marketwatch.com. “Pearson 2017 Results to Be at Upper End of Guidance; Tax Rate to Remain Unchanged,” at 0730 GMT and the flash headline “Pearson: Underlying Revenue Fell 2% in Nine-months of 2017” at 0705 GMT incorrectly referred to the revenue fall as for nine months.Underlying revenue for 2017 fell 2%, in line with that for the first nine months.Story corrected at 0758 GMT. Original incorrectly referred to the revenue fall as for nine…

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UnitedHealth Shares Jump on Fourth-Quarter Earnings Beat, Improved Guidance

“UnitedHealth said it now projects net earnings of $11.65 to $11.95 per share and adjusted net earnings of $12.30 to $12.60 per share” writes Armie Margaret Lee for thestreet.com. UnitedHealth reported adjusted earnings per share of $2.59, compared with $2.11 in the year-ago period.The company previously said at its investor day in November that it expected net earnings of $10 to $10.30 a share and adjusted net earnings of $10.55 to $10.85 a share. Source: thestreet.com Share This:

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UnitedHealth 4Q earnings, 2018 guidance soar

“It expects revenue in 2018 to range between $223 billion and $225 billion” writes The Associated Press for seattletimes.com. Analysts forecast earnings of $2.51 per share on $51.54 billion in revenue for the Minnetonka, Minnesota, company, which is the first big insurer to report results every quarter.Fourth-quarter earnings climbed to $3.62 billion, as total revenue rose over 9 percent to $52.06 billion.For the full year, UnitedHealth earned $10.56 billion on more than $200 billion in revenue.Adjusted earnings came in at $2.59 per share, excluding the tax overhaul gain. Source: seattletimes.com Share…

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Markets News 

Spread-Betting companies shares hit by criticism

“Shares in Plus500 closed down 5.5% on Wednesday, while shares in CMC Markets closed down 2.3%, and shares in IG Group Holdings closed down 4.4%” writes Adam Clark for marketwatch.com. The financial regulator said it carried out a review of the contract-for-difference, or CFD, market and found areas of “serious concern.”. The FCA has sent a letter to all providers and distributors of CFD retail products, requiring them to review their conduct, it said.Some 76% of retail customers who bought such products lost money over the 12 months to June…

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High expectations will put pressure on companies this earnings season

“Analysts typically lower earnings estimates as the quarter ends, but not last quarter” writes Charles Eshelman for cnbc.com. The numbers have been so strong analysts are raising earnings estimates.He’s encouraged because the 19 companies in the S&P 500 that have reported earnings so far have put up strong results.For the fourth quarter of 2017, 75 S&P 500 companies have issued negative EPS guidance and 35 S&P 500 companies have issued positive guidance, according to FactSet.You can bet investors want to see more companies raising guidance to justify the high prices. Source:…

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WD-40 shares rise after company beats fiscal Q1 earnings, ups guidance

“The analysts surveyed by FactSet expect per-share earnings of $3.85 on sales of $398 million for fiscal 2018” writes Claudia Assis for marketwatch.com. WDFC, -0.88% rose more than 5% late Tuesday after the company reported better-than-expected fiscal first-quarter earnings and sales.It projected per-share earnings between $3.91 and $3.98.WD-40 also increased its guidance for fiscal 2018, saying it expects sales growth between 4% and 6% and net sales between $396 million and $403 million for the year.Analysts polled by FactSet had expected earnings of 83 cents a share on sales of…

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Samsung profit guidance disappoints, memory outlook cloudy

“Based on the quarterly guidance, Samsung’s 2017 operating profit is likely to come in at 53.6 trillion won, versus previous year’s 29.2 trillion won” reports foxbusiness.com. Samsung likely benefited from higher DRAM chip prices in its latest quarter, analysts said.Samsung pegged its October-December operating profit at 15.1 trillion won ($14.1 billion), an all-time high and up 64 percent from a year ago but shy of a 15.9 trillion won average estimate from 17 analysts surveyed by Thomson Reuters. Source: foxbusiness.com Share This:

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Five retailers that won the Christmas war

“A slew of retailers released updated fourth quarter guidance on Monday, as the ICR Conference kicked off” writes Leia Klingel for foxbusiness.com. Increased consumer confidence and spending is apparently, also positively impacting more conventional retailers, as evident from the latest increased forecasts.Crocs, Inc. (CROX), on Monday, increased its fourth quarter revenue guidance to between $195 and $198 million from between $180 and $190 million. The company is also increasing its fourth quarter expected gross margin guidance by 200 basis points from approximately 43% to approximately 45%. Source: foxbusiness.com Share This:

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GoPro issues weak guidance, plans to cut workforce by 20% or ~250, reduces CEO cash compensation to $1, and will exit the drone business

“GoPro said it expects fourth quarter revenue of $340 million, up just slightly from $330 million revenue in the prior quarter” writes Photo Josh Edelson for cnbc.com. The company also said it was leaving the drone business, citing future regulation and intense competition, ending sales of its Karma drone camera.”GoPro is committed to turning our business around in 2018,” Woodman said in a statement.GoPro lowered guidance Monday and confirmed that it will lay off of at least 250 employees.Founder and CEO Nick Woodman will reduce his cash compensation to $1…

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