Tag Archives: bad-request

IPOs Coming Include Discount Retailer, Tech, Biotech

Eight companies are set to launch their public debut the week of July 13, altogether seeking to raise $676 million. The largest IPO on the docket is Ollie’s Bargain Outlet (OLLI), which operates 187 closeout retail locations in 16 states. The company looks to raise $125 million, offering 8.9 million shares at a price range of 13 to 15. Ollie’s reported revenue of $638 million for 2014, up 18%, and net income of $27 million. Ollie’s will trade on

Intel Q2 Earnings Likely To Reflect Tepid PC Demand

Intel (INTC) late Wednesday is expected to report a 5.4% drop in Q2 revenue, its first year-over-year sales decline in two years. The No. 1 chipmaker is coping with continued sluggish demand in the PC business as it steps up initiatives to expand into new markets. Analysts polled by Thomson Reuters see earnings per share excluding items of 51 cents, down 7.3% from the year-earlier quarter. They see revenue of $13.07 billion, where Intel has guided

Tech Q2 Earnings Hit By Cloud Disruption, PCs, Dollar

Technology companies have long been the innovation trendsetters, turning in strong earnings reports that most often put the industry at or near the top of the best-performing groups. That, however, is not expected to be the case with a second-quarter earnings season that begins in earnest Wednesday with chip leader Intel (INTC). The consensus estimate for the 66 tech companies in the S&P 500 is for earnings growth to average just 2% from the