Analyst news

• Chipotle sales fall short despite free food; stock off 6 percent

  26-04-2016 23:50 via rocketnews.com
  Chipotle Mexican Grill is seen in uptown Washington, February 8, 2016. REUTERS/Carlos BarriaMoreBy Lisa Baertlein
  LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s free food giveaways to lure back diners after a string of food safety lapses last year failed to revive sales as much as Wall Street expected and its stock dropped almost 6 percent.
  Chipotle gave away more than 6 million free burritos and bowls of food during February and March as well as nearly 1 million free orders of
  
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• Red Rock Resorts raises $528.5 million in IPO – source

  26-04-2016 23:49 via rocketnews.com
  Red Rock Resorts Inc RRR.O raised $531.4 million in its initial public offering on Tuesday, as the U.S. stock market becomes more welcoming for new flotations following months of volatility that grounded several IPO hopefuls.
  Red Rock priced 27.25 million shares at $19.50, the middle of its previously indicated $18 to $21 range, a source who requested anonymity ahead of an official announcement said. Red Rock did not immediately respond to a request for comment
  (Reporting by Lauren Hirsch; Editi
  
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• Chipotle sales fall short despite free food; stock off 3 percent

  26-04-2016 23:13 via news.yahoo.com
  
  Chipotle Mexican Grill Inc's free food giveaways aimed at luring back diners after a string of food safety lapses last year failed to revive sales as much as Wall Street expected during the first quarter and its stock fell almost 3 percent. Shares in the burrito chain have lost about one-third of their value since food safety woes surfaced with news it had closed dozens of restaurants in the Pacific Northwest due to an E. coli outbreak. Its net loss of $26.4 million, or 88 cents per share, was l
  
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• Apple quarterly earnings, revenue miss Wall Street target

  26-04-2016 23:02 via news.yahoo.com
  
  Apple Inc on Tuesday reported quarterly results below Wall Street targets and forecast another disappointing quarter, while sales of iPhones, its most important product, declined for the first time. Apple also said it was raising its capital return program by $50 billion through a $35 billion increase in its share buyback authorization and a 10 percent rise in the quarterly dividend. Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter
  
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• Oil rises on weak dollar, Treasury yields hit five-week high ahead of FOMC

  26-04-2016 22:28 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar fell on Tuesday after weaker-than-expected U.S. economic data boosted expectations the Federal Reserve would hold interest rates lower for longer, while U.S. Treasury yields touched five-week highs as traders made room for government debt supply ahead of the central bank's policy statement. Tuesday's economic data "plays into the idea that the Fed need not be in any rush to raise rates," said Richard Franulovich, senior currency strategist at Westp
  
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• Will $25 Million Persuade Young Americans to Vote?

  26-04-2016 21:02 via rocketnews.com
  Young voters have turned out in droves for Sen. Bernie Sanders of Vermont throughout the Democratic presidential primary season, rallying to his call for income equality as he bashes Wall Street and the political Establishment. 
  But with former Secretary of State Hillary Rodham Clinton likely to sew up the Democratic nomination with a strong showing in in Pennsylvania and four other Northeastern and Mid-Atlantic states late today, there are serious doubts whether that youthful enthusiasm wi
  
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• China’s Market News: Lower Profits, Improved Prices

  26-04-2016 21:02
  China’s stated-owned energy firms reported major losses in Q1; others reported drops in profits. Will increased oil prices help to ease these trends?
  
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• Stung by low oil prices, Exxon loses 'AAA' rating from S&P

  26-04-2016 20:41 via news.yahoo.com
  
  NEW YORK (AP) — Low oil prices have helped cost Exxon its pristine "AAA" credit rating from Standard & Poor's, a label it held for over six decades.
  
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• Earnings could mark end to rally in U.S. media stocks

  26-04-2016 20:15 via news.yahoo.com
  
  U.S. fund managers' newfound love of media stocks will soon be put to the test. Shares of Time Warner Inc, Twenty-First Century Fox, and CBS Corp are all up by double digits since the start of the year. Now, with media stocks in the S&P 500 trading at a trailing price to earnings ratio of 19.4, their highest valuation in four months, investors will need confirmation that the momentum can continue.
  
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• Stung by low oil prices, Exxon loses ‘AAA’ rating from S&P

  26-04-2016 19:40 via rocketnews.com
  NEW YORK (AP) — Low oil prices have helped cost Exxon its pristine “AAA” credit rating from Standard & Poor’s, a label it held for over six decades.
  The top “AAA” credit rating from S&P means a company’s debt is the safest possible investment. Now only two other U.S. corporations are rated triple-A by S&P: consumer and medical products company Johnson & Johnson and technology company Microsoft.
  S&P says it lowered Exxon’s rating
  
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• GBP/USD Retail FX Sentiment Most Extreme Since Last Summer

  26-04-2016 19:35
  The retail FX crowd appears to be fading the near-term advance in GBP/USD ahead of the UK GDP report, with the SSI nearing the most extreme reading since last summer.
  
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• S&P boosted by energy shares; Nasdaq, Dow flat

  26-04-2016 19:00 via news.yahoo.com
  
  U.S. stocks had opened slightly higher, with the Dow briefly crossing the 18,000 mark, as oil prices rose 2.9 percent due to a weaker dollar and hopes for an easing of the oil glut. Oil majors Exxon and Chevron were up about 1 percent and gave the biggest boost to the S&P 500. Fed officials have repeatedly said a hike in June is on the cards.
  
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• Can Elizabeth Warren Save Bernie Sanders?

  26-04-2016 19:00 via news.yahoo.com
  
  Faced with the possibility of across-the-board defeats on in five states voting on Tuesday, Sen. Bernie Sanders has floated an idea that could provide his lagging White House bid a bit of extra mojo near the end of the primary season: naming Elizabeth Warren as his running mate. Appearing on MSNBC’s “Morning Joe,” Sanders noted that “it’s a little bit early to be speculating” on who might be his vice president if he somehow won the Democratic  Party nomin
  
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• Whirlpool posts unexpectedly low first-quarter earnings on soft emerging market demand

  26-04-2016 18:35 via news.yahoo.com
  
  In Latin America, weak demand in Brazil and the negative impact of currency exchange pulled sales down to $705 million, from about $900 million a year ago, the company said. Many U.S.-based manufacturers' sales have been hit by weakness in Brazil's currency and the country's unstable political environment. "There is some concern about European market loss," Gabelli analyst Alvaro Lacayo said.
  
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• Fiat Chrysler chief says shifter recall won’t hurt earnings

  26-04-2016 18:07 via rocketnews.com
  DETROIT (AP) — Fiat Chrysler CEO Sergio Marchionne says a global recall of 1.1 million cars and SUVs because drivers can’t tell if they are in park will have little impact on company earnings.
  But he complained Tuesday that FCA had to do the recall, which came under pressure from U.S. safety regulators.
  The vehicles have electronic gear shifters that move forward or backward to select the gear instead of moving along a track. A light shows the gear the cars are in. But to get from &l
  
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• Barrick Gold lowers cost forecast as earnings beat

  26-04-2016 17:11 via news.yahoo.com
  
  (Reuters) - Barrick Gold Corp , the world's largest gold producer, reported first-quarter earnings on Tuesday that beat market expectations and also lowered its outlook for costs this year. The Toronto-based miner reported adjusted earnings of 11 cents a share, up from 5 cents a year ago and ahead of analyst expectations of 11 cents, on average, according to Thomson Reuters I/B/E/S. Barrick cut its forecast for all-in sustaining costs, the industry benchmark, for this year to a range of $760 to
  
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• China imposes fresh curbs on commodities as iron ore, steel slide

  26-04-2016 16:30 via news.yahoo.com
  
  By Ruby Lian and Manolo Serapio Jr BEIJING/MANILA (Reuters) - Chinese commodities exchanges stepped up efforts on Tuesday to curb surging prices that some say have been driven by speculators, raising fears of another derivatives bubble after last year's stock market collapse. Transaction fees for iron ore futures were hiked for a second time in as many days, after the original increase led to a sharp drop in iron ore and steel futures in China that helped cool a week-long surge in local commodit
  
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• Whirlpool 2016 earnings outlook unchanged, first quarter lower than expected

  26-04-2016 16:23 via news.yahoo.com
  
  Whirlpool Corp shares fell in early trading on Tuesday after the company posted a lower-than-expected first-quarter net profit but kept its previous 2016 earnings per share outlook. The biggest driver of the weakness appears to be Whirlpool's European business. Whirlpool shares fell about 5.5 percent to $175.71 but are up about 19 percent year-to-date.
  
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• Wall Street opens slightly higher, Dow retakes 18,000 mark

  26-04-2016 15:57 via news.yahoo.com
  
  Wall Street opened slightly higher on Tuesday, with the Dow rising above the 18,000 mark, as investors assess quarterly earnings and await the outcome of a two-day U.S. Federal Reserve meeting. A rise in oil prices and a 2 percent rise in Dupont helped the Dow Jones industrial average cross the key psychological barrier. Fed officials have repeatedly said a hike in June is on the cards.
  
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• GBP/USD Rallies on News

  26-04-2016 15:30
  The GBP/USD has traded to new weekly highs on missed US Durable Goods figures.
  
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• Gold, S&P, Oil Price Action Strategy Ahead of Data Onslaught

  26-04-2016 15:06
  A considerable amount of news awaits markets this week, making macro prognostications more vexxing than usual. Price action can help in such situations.
  
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• T-Mobile posts higher-than-expected earnings as customers climb

  26-04-2016 15:02 via news.yahoo.com
  
  T-Mobile US Inc on Tuesday reported better-than-expected earnings and raised its 2016 forecast for customer additions, as competitively priced plans and free video streaming options helped it add over 1 million new monthly subscribers for the seventh consecutive quarter. Shares in T-Mobile rose 2.6 percent in premarket trading on Tuesday, after closing at $41.18 a day earlier. T-Mobile has rolled out data-only plans, new family price offers and free music and video streaming services in recent m
  
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• Analytical review of the stocks of Microsoft Corporation

  26-04-2016 14:59 via liteforex.com
  Forex analytics: Microsoft Corporation, #MSFT [NASD]Technologies, Software & Services, USA Financial performance of the company: Index – DJIA, S&P 500; Beta – 0.93;Capitalization – 411.28;Return on asset — 6.50%;Income – 25.7 В;Average volume – 39.67 М;P/E – 37.14;ATR — 1.52. Analytical review:The company ranks the fourth on capitalization among the issuers traded in the ...
  
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• Whirlpool 2016 earnings outlook unchanged, first quarter earnings lower than expected

  26-04-2016 14:51 via news.yahoo.com
  
  Whirlpool Corp. shares fell in light pre-market trade on Tuesday after the company posted a lower-than-expected first-quarter net profit but kept its previous 2016 earnings per share outlook. Whirlpool shares fell more than 5 percent after it said cost and capacity reductions were offset by soft demand in emerging markets and unfavorable currency exchange rates. Ongoing business earnings per share exclude special items such as restructuring charges or other one-time fees that do not reflect the
  
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• Wall St. set to rise as investors look at earnings, Fed

  26-04-2016 14:51 via news.yahoo.com
  
  Fed officials have repeatedly said a hike in June is on the cards. While job growth has continues to gain strength, inflation stubbornly remains below the Fed's 2 percent target. Investors are also keeping a close eye on earnings reports from major players such as Apple , AT&T , Ebay .
  
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• Insight - Blind faith turns to disbelief in Italian banking's heartland

  26-04-2016 14:48 via news.yahoo.com
  
  By Valentina Za VICENZA, Italy (Reuters) - Until very recently, Domenico Bertini, a machinery technician nearing retirement, viewed his local bank in the picturesque Vicenza region of northern Italy as family. The 150-year-old Banca Popolare di Vicenza was a world away from the faceless bankers of Wall Street who brought the global financial system close to collapse almost a decade ago. What remained of their extraordinary faith in the bank has now turned to anger and disbelief, with grave impli
  
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• Blind faith turns to disbelief in Italian banking's heartland

  26-04-2016 14:47 via news.yahoo.com
  
  Until very recently, Domenico Bertini, a machinery technician nearing retirement, viewed his local bank in the picturesque Vicenza region of northern Italy as family. The 150-year-old Banca Popolare di Vicenza was a world away from the faceless bankers of Wall Street who brought the global financial system close to collapse almost a decade ago. What remained of their extraordinary faith in the bank has now turned to anger and disbelief, with grave implications for Italy's banking system, which i
  
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• Fiat Chrysler earnings soar on North American performance

  26-04-2016 14:07 via news.yahoo.com
  MILAN (AP) — Carmaker Fiat Chrysler Automobiles says its first-quarter earnings soared on the back of a strong performance in North America.
  
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• Can Silver Prices Remain Trapped Following Today’s U.S. Data?

  26-04-2016 13:58
  The narrow range of $16.76 and $17.13 has kept silver prices trapped at the time of writing. With price being coiled, a trend may emerge on a break to this range.
  
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• London midday: Stocks rise after slate of corporate earnings

  26-04-2016 13:50 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – London stocks edged higher on Tuesday as traders digested a raft of corporate earnings. Standard Chartered (HKSE: 2888.HK – news) was a standout riser as it reported an improvement in impairment losses on bad loans in the first quarter to $471m from $476m in the same period last year. Investors seemed to overlook a 59% drop in first quarter profit amid depressed commodity prices, volatility in Chinese markets and weak emerging market sent
  
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• BP sees Q1 earnings slide as low oil prices take their toll

  26-04-2016 13:45 via rocketnews.com
  FILE- In this Feb. 2, 2016 file photo, the company logo is seen with fuel prices displayed outside a BP petrol station in East Molesey, southwest London. British energy producer BP saw its first-quarter earnings slump by 79 percent as lower gas and oil prices continued to take their toll, the company reported Tuesday, April 26, 2016. (AP Photo/Matt Dunham, File)MoreLONDON (AP) — Cost-cutting and a solid performance from the refining and marketing arm helped British energy producer BP cushi
  
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• Unusual European earnings pessimism leaves room for a nice surprise

  26-04-2016 12:10 via rocketnews.com
  * Q1 earnings set to drop year-on-year
  * Earnings growth for 2016 already revised away
  * February saw biggest downgrades for 7 years
  * Top-line growth, cost control could support profits
  By Alistair Smout
  LONDON, April 26 (Reuters) – Analysts are unusually pessimistic about 2016 earnings as the first-quarter results season gets into gear in Europe, a situation which may actually end up supporting stocks if the global growth outlook is not as bad as feared.
  Market turmoil and concerns over
  
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• FTSE 100: Trapped Between Major Support and Resistance?

  26-04-2016 11:56
  The FTSE was up by 0.47% and led higher by Energy shares at the time of writing.
  
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• USD/CAD: the pair is near the level of 1.2635

  26-04-2016 11:41 via liteforex.com
  Forex analytics: This week, the pair USD/CAD is traded between the levels of 1.2700 - 1.2600, consolidating near the level of 1.2635 (Fibonacci 50%). The price of USD/CAD has returned to the level it had a year ago. The Canadian dollar has regained 50% of the losses sustained during continuing rise since July 2014. The pair is still traded in the downward channel on the daily chart, and pressure on the pair ...
  
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• USD/CAD: Awaiting decisions and comments by the US Fed

  26-04-2016 11:35 via liteforex.com
  Forex analytics: Today at 14:40 (GMT+2) president of the Bank of Canada Stephen Poloz will give a speech. In his previous speech before the parliamentary committee last week Mr. Poloz said that adjustment of the Canadian economy to the lower prices of commodities will restrain economic growth in the next few years. Mr. Poloz also mentioned about the risk of further eterioration in the global economy, which will ...
  
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• London open: Stocks move higher after corporate earnings

  26-04-2016 11:07 via news.yahoo.com
  (ShareCast News) - London stocks advanced on Tuesday as traders sifted through a batch of corporate earnings releases.
  
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• Brent: indicators are leaving overbought zone

  26-04-2016 11:07 via liteforex.com
  Forex analytics: Last week, the price has reached new annual highs at the level of 46.20, which is crossed by the upper limit of the ascending channel on the daily chart and Fibonacci 50% (correction to the decline since June 2015 and the level of 65.30 to the lows of 2016 at the level of 27.05), and ЕМА50 on the weekly chart. Therefore, the price has reached strong resistance level of 46.20, which will be ...
  
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• Earnings in Focus as FX Markets Look to Risk Trends for Guidance

  26-04-2016 10:13
  A busy day of first-quarter corporate earnings reports are in focus as currency markets look to broad-based risk sentiment trends for direction cues.
  
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• Citigroup names Lam as China country head

  26-04-2016 10:11 via news.yahoo.com
  
  HONG KONG (Reuters) - Citigroup has named Christine Lam as its country head for China, replacing Andrew Au, who is retiring, the Wall Street bank said in a statement on Tuesday.
  
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• Brent: Is further rise in oil prices possible?

  26-04-2016 10:02 via liteforex.com
  Forex analytics: Today at 22:30 (GMT+2) American Petroleum Institute (API) will release the data on oil inventories in the US oil depot terminals for the last week. According to API oil reserves in the USA have grown by 3.1 million barrels for a week before last.US Department of Energy has confirmed the rise in oil reserves by 2.08 million barrels.It is expected that oil reserves will also grow in the last ...
  
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• Gold Price Rises while Oil and Copper Prices Dip with Risk Assets

  26-04-2016 09:59
  Gold edged up as risk assets including oil and copper retreated after soft US and German data. Oversupply concerns loom over commodities
  
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• Earnings and debt up significantly at Whitbread

  26-04-2016 09:51 via news.yahoo.com
  (ShareCast News) - Hospitality group Whitbread reported sizeable increases in revenue and earnings in its preliminary results on Tuesday, with total revenue up 12% to £2.91bn, and underlying profit before ...
  
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• DAX 30 Claws Back Some of Yesterday’s Losses

  26-04-2016 09:28
  The breach to the April 20 low turned the very short-term trend bearish below Friday's close price of 10,411.
  
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• Strong earnings lift European shares as UPM and BP rise

  26-04-2016 09:22 via news.yahoo.com
  European shares advanced on Tuesday after some encouraging company results, with pulp and paper maker UPM climbing after better-than-expected quarterly profits while BP also rose. The pan-European FTSEurofirst ...
  
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• Alibaba financial affiliate Ant raises $4.5 bn

  26-04-2016 09:12 via news.yahoo.com
  
  The financial services affiliate of Chinese e-commerce giant Alibaba has raised $4.5 billion in funding, it said on Tuesday, calling it the largest single private placement by an Internet company. The move values Ant Financial Services Group at roughly $60 billion, the Wall Street Journal reported, quoting people familiar with the situation. Investors included a unit of China's sovereign wealth fund and a subsidiary of China Construction Bank, one of the country's Big Four lenders, according to
  
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• BP first quarter earnings fall of 80 percent, beat analyst estimates

  26-04-2016 08:23 via news.yahoo.com
  
  British oil major BP on Tuesday reported an 80 percent year on year fall in core earnings for the first quarter, when oil prices touched a near 13-year low, but the result was better than analysts had expected. Chief Executive Officer Bob Dudley said he expected global oil supply and demand to balance towards the end of the year, which would likely help push prices higher.     "Market fundamentals continue to suggest that the combination of robust demand and weak supply growt
  
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• MIDEAST STOCKS-Saudi may stay firm after reform news, Gulf eyes earnings

  26-04-2016 07:45 via news.yahoo.com
  Saudi Arabia's stock market may extend gains on Tuesday after Deputy Crown Prince Mohammed bin Salman announced an economic overhaul of the oil-dependent kingdom, while investors in the Gulf will take cues from quarterly results. Price Mohammed unveiled ambitious plans including a restructuring of the government's Public Investment Fund to make it an international investment power, a planned sale of a stake of less than 5 percent in national oil giant Saudi Aramco, a restructuring of the housing
  
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• Nikkei 225 Retraces below 50% Fibonacci

  26-04-2016 06:40
  Nikkei returned below 50% Fibonacci as upward momentum signals waned. Further declines are possible with a firm support at 16461.5
  
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• SK Hynix posts lowest earnings in three years

  26-04-2016 02:45 via news.yahoo.com
  
  SK Hynix Inc., the world's second largest chipmaker, posted its lowest quarterly profit in three years on Tuesday, as slowing computer and smartphone demand hit chip prices.
  
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