Medical device maker $SYK said it completed its previously announced acquisition of Sage Products, LLC. The deal is expected to be accretive to the company's 2016 adjusted net earnings per diluted share and to be accretive thereafter.
With regard to its $49MM of deal-related expense synergies, $ETFC has completed $15MM as of today with the balance expected to be realized by 3Q17 when the OptionsHouse integration is completed. Related to the close of the transaction, the company had a $7MM charge in the restructuring line.
On a segment basis, $AMD's Computing and Graphics segment
revenue rose 11% YoverY to $472MM, while Enterprise, Embedded and Semi-Custom
segment rose 31% to $835MM. $AMD said it completed capital markets transactions that
raised approx. $1.4Bil in cash, before issuance costs to lower overall debt and reduce interest expense payments.
$SLB's pretax operating margins for 3Q16 improved 119 basis points to 11.6% as result of steady progress of its transformation program, further streamlining of global support structure, and early efforts in high-grading contract portfolio. Margins were also partly boosted by capacity reductions and asset impairments $SLB made in 2Q.
Communications infrastructure provider $CCI reported a lower quarterly profit for 3Q16, hurt by higher expenses. The company reported earnings of $87.37MM,or $0.26 per share, compared with $92.78MM, or $0.28 per share a year ago. Revenue rose to $992.02MM, driven by an increase in site rental revenue.