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The Allstate Corporation (NYSE:ALL) shareholders will have a reason to smile today, with the analysts making......
Under the project, Intel will help the military develop prototypes of chips using its semiconductor packaging technology at factories in Arizona and Oregon. The packaging technology allows pieces of chips called "chiplets" from different providers to be combined into one package, helping cram more features into a smaller finished product while lowering its power consumption. Intel declined to disclose a dollar figure for its portion of the contract, which is being overseen by the Naval Surface Warfare Center, Crane Division....
Quidel Corp. announced on Thursday that it expects 3Q revenues in the range of $475 million to $477 million, surpassing analysts’ expectation of $394.3 million. The diagnostic testing provider, will report its third quarter results in late-October. Shares closed 2.8% higher on Thursday.Quidel’s (QDEL) CEO Douglas Bryant said "Quidel has risen to the challenge of the COVID-19 pandemic, producing and shipping millions of tests to those with the greatest need by providing affordable rapid testing to tens of thousands of communities throughout the United States. Moving forward, we expect even greater success in augmenting our supply chains and production for our COVID-19 diagnostic products, resulting in $800 million or more in revenue in our final quarter of 2020."On July 30, Quidel reported upbeat 2Q revenues of $201.8 million versus the Street consensus of $189.8 million. Its 2Q earnings of $1.86 per share came ahead of analysts’ expectations of $1.09. (See QDEL...
Top news and what to watch in the markets on Friday, October 2, 2020....
Top news and what to watch in the markets on Friday, October 2, 2020....
(Bloomberg) -- At 7:04 a.m. on an autumn Thursday in Tokyo, the stewards of the world’s third-largest equity market realized they had a problem.A data device critical to the Tokyo Stock Exchange’s trading system had malfunctioned, and the automatic backup had failed to kick in. It was less than an hour before the system, called Arrowhead, was due to start processing orders in the $6 trillion equity market. Exchange officials could see no solution.The full-day shutdown that ensued was the longest since the exchange switched to a fully electronic trading system in 1999. It drew criticism from market participants and authorities and shone a spotlight on a lesser-discussed vulnerability in the world’s financial plumbing -- not software or security risks but the danger when one of hundreds of pieces of hardware that make up a trading system decides to give up the ghost.“Exchanges are a crucial part of market infrastructure and...
