Monday 20 February 2017

Apple shares close to an all-time high

TECHNOLOGY

Published 21/07/2011 | 05:00

APPLE shares flirted with a record $400 (€281) yesterday, a day after the world's most valuable technology company posted blockbuster results and triggered a spate of brokerage upgrades. The stock set a lifetime high a day after company results blew out analyst estimates as a new MacBook Air and "Mac Mini" go on sale, the latter rivalling some of the cheaper offerings from Dell or Hewlett-Packard.

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EMC announces revenue growth

RESULTS

TECHNOLOGY company EMC, which employs more than 2,500 people in Cork and Dublin, yesterday reported a 20pc increase in global second-quarter revenues year-on-year. The US technology giant said second-quarter consolidated revenue was $4.85bn (€3.4bn). In Ireland, business is up 20pc on 2010 for the first half of this year.

Providence begins west coast survey

ENERGY

PROVIDENCE Resources said yesterday it had begun a 3D seismic survey in the Porcupine Basin off the west coast of Ireland. Providence said the seismic survey would capture data on the Frontier Exploration Licence, which is adjacent to the Spanish Point and Burren discoveries. Providence has a 32pc interest and operatorship of the licence. Its partners on the survey are Chrysaor and Sosina.

Icon sees shares fall after earnings scare

PHARMACEUTICALS

Shares in clinical trials outsourcer Icon Pharmaceuticals fell as much as 5pc in early US trading yesterday after it lowered its full-year earnings per share guidance. Icon said that second-quarter revenue rose 4pc to $233m (€163m), while income from operations was $15.5m (€10.9m) compared to $25.7m (€18m) in the corresponding quarter in 2010.

American Airlines buys over 400 jets

AIRLINES

AMERICAN Airlines has announced a massive multi-billion-dollar order for 200 Boeing 737 and 260 Airbus A320 passenger jets. The deal, which the airline described as the "largest aircraft order in history", is for planes to be delivered between 2013 and 2022. American Airlines said the deal would allow the company "to solidify its fleet plan into the next decade".

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