Several major pharma companies including Lilly (LLY) and Bristol-Myers reported Q1 results this week.
Total earnings in the first quarter are likely to increase 9.7% from the same period last year on 5.9% higher revenues
Illinois Tool Works Inc's (ITW) first-quarter 2017 earnings of $1.54 per share exceeded the Zacks Consensus Estimate of $1.45 while sales of $3.471 billion came in above the Zacks Consensus Estimate of $3.4 billion.
Any book is the child of its own times, rather obviously. This means that sometimes parts of even great books do not necessarily age well. Examples the author uses to make his case may appear rather obvious to the contemporary reader, but alien to posterity. Some examples are immortal, such as Leonard Read's magnificent little story, "I, Pencil", which resembles Walter Lippmann's breakfast and Adam Smith's woolen coat. But, giving lectures to high school students in Italy and using "I, Pencil" regularly, I can tell you that sometimes I have the impression that youngsters today find the very idea of talking about pencils so...exotic. Well, they have still seen pencils, and some of them still use them, so in a way that adds up to the power of Read's story: see the marvels of cooperation in objects of sheer simplicity. But what about Adam Smith's pin factory? What are pins really for? I can picture a young kid asking this question, particularly as she may have never seen her grand-mother working at her sewing machine or mending clothes (a far more common picture just a few years ago; my grand-mother always had a sewing machine in her apartment). Virginia Postrel has a great article on Reason on what pins were, at the time Adam Smith picked the pin factory example to explain a more and more complex division of labour. She explains: Nowadays, we think of straight pins as sewing supplies. But they weren't always a specialty product. In Smith's time and for a century after, pins were a multipurpose fastening technology. Straight pins functioned as buttons, snaps, hooks and eyes, safety pins, zippers, and Velcro. They closed ladies' bodices, secured men's neckerchiefs, and held on babies' diapers. A prudent 19th century woman always kept a supply at hand, leading a Chicago Tribune writer to opine that the practice encouraged poor workmanship in women's clothes: "The greatest scorner of woman is the maker of the readymade, who would not dare to sew on masculine buttons with but a single thread, yet will be content to give the feminine hook and eye but a promise of fixedness, trusting to the pin to do the rest." Read the whole thing. (0 COMMENTS)
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Options traders are pricing in a big move for Fairmount Santrol (FMSA) shares as it has huge implied volatility.
A new study explains why laces keep coming undone – but it can’t explain why we’re stuck with a centuries-old fudge to fasten our trainers‘It’s unpredictable,” says Oliver O’Reilly, a professor in mechanical engineering at the University of California, Berkeley. “But when it happens, it’s in two or three strides and it’s catastrophic. There’s no way of coming back from it.”Yes, the spontaneous untying of shoelaces is merciless, random and irrecoverable – as O’Reilly has proved in his new study. A Berkeley team used a mechanical leg and a human running on a treadmill to examine why the untying happens. They found that neither banging a leg up and down, nor simply jerking it forward made laces untie – it was the combination of the two that did so. The stomping of the foot relaxes the knot. The swinging of the foot acts like invisible hands to separate the outer ends of the laces. By then, cataclysm is mere seconds away. Continue reading...
Fastenal Company's (FAST) earnings of 46 cents per share in the first quarter of 2017 came in line with the Zacks Consensus Estimate. Earnings grew 6.2% year over year.
Delta Air Lines beat its Q1 EPS estimate by 4 cents, whereas Fastenal just met earnings on a slight revenue beat.
Fastenal Company (FAST) reported EPS of 46 cents per share, in line with the Zacks Consensus estimate.