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Pin to quick picksFiltronic Share News (FTC)

Share Price Information for Filtronic (FTC)

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Share Price: 70.00
Bid: 68.00
Ask: 70.00
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Sector movers: Weak earnings from IBM weigh on UK tech stocks

Mon, 20th Oct 2014 13:52

Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday.IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn.Adjusted earnings fell 10% to $3.68 a share, well below the $4.31 expected by analysts.Chief executive Ginni Rometty admitted the board was "disappointed in our performance".She said: "We saw a marked slowdown in September in client buying behaviour, and our results also point to the unprecedented pace of change in our industry."Sentiment was also hit by the news that IBM has agreed to pay $1.5bn to sell-off its loss-making chip manufacturing division.UK-listed chipmakers ARM Holdings and Imagination Technologies were 2-3% lower in afternoon trade.Nanoco, CSR, Spirent Communications, Filronic and BATM Advanced Communications were also unwanted.ARM's own third-quarter results are due out on Tuesday and are expected to show that earnings rose to 24 cents a share in the third quarter, from 18 cents a year earlier. Revenues are forecast to have increased 11% to $329.4m.Investors in the industry were also likely showing caution ahead of the quarterly earnings from smartphone and tablet giant Apple after the closing bell on Wall Street.Guidance for the current quarter is likely to garner the most attention given the recent launch of new models of its popular iPhone and iPad gadgets."This week alone, around a fifth of the S&P 500 companies are scheduled to report earnings which, given how quiet a week it is on the economic data side of things, could well have a big impact on investor sentiment," said analyst Craig Erlam from Alpari UK.Top performing sectors so far todayFood Producers & Processors 7,015.30 +1.35%Food & Drug Retailers 2,542.47 +1.06%Real Estate Investment Trusts 2,757.46 +0.52%Industrial Transportation 2,733.38 +0.38%Household Goods & Home Construction 11,764.83 +0.35%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,041.74 -2.33%Oil & Gas Producers 7,326.87 -2.22%Industrial Metals & Mining 1,332.59 -1.80%Automobiles & Parts 7,025.89 -1.73%Forestry & Paper 10,502.07 -1.71%
More News
20 Jun 2024 15:57

Filtronic reports revenue growth after strong demand in key markets

(Alliance News) - Filtronic PLC on Thursday said revenue and profit was ahead of market expectations in the second half.

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24 Apr 2024 11:55

LONDON MARKET MIDDAY: Investors shake off pre-US inflation nerves

(Alliance News) - The FTSE 100 in London was higher at midday on Wednesday, as investors look ahead to the US Federal Reserve's next test on Friday.

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24 Apr 2024 11:45

Filtronic shares take-off on brighter outlook, SpaceX partnership

(Alliance News) - Shares in Filtronic PLC flew on Wednesday as it unveiled a new agreement with Space Exploration Technologies Corp, and said sales in the current, and upcoming, financial years would top market expectations.

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24 Apr 2024 10:56

Filtronic shares rocket after inking SpaceX partnership

(Sharecast News) - Filtronic's shares rocketed after announcing that it had entered into a supply agreement with SpaceX.

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24 Apr 2024 10:10

AIM WINNERS & LOSERS: Filtronic jumps as lifts outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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24 Apr 2024 09:04

LONDON MARKET OPEN: Reckitt up on strong start to 2024; Lloyds falls

(Alliance News) - Stock prices in London opened higher on Wednesday, building on this week's gains, as investors look ahead to some key US data.

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2 Apr 2024 12:26

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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6 Feb 2024 10:53

Filtronic stock jumps on lower earnings, higher sales and new contract

(Alliance News) - Filtronic PLC on Tuesday said it swung to a loss in its latest half year, but celebrated winning two new "significant" contracts with a "leading" client.

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Jan 2024 10:59

IN BRIEF: Filtronic inks deal with Qinetiq for RF subsystem

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Inks new contract with Qinetiq Group PLC, a global defence and security company. Says that phase one of the contract is valued at GBP2.0 million, with revenue expected to be recognised over the next two years. It is for the development of a radio-frequency subsystem to be installed into a range radar solution, which can then be deployed either as a vehicle mounted land system or a helicopter mounted mobile solution.

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20 Dec 2023 13:38

Filtronic announces significant contract win

(Sharecast News) - Aerospace, defence and telecoms infrastructure company and space-related products specialist Filtronic announced a significant contract win on Wednesday.

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20 Dec 2023 11:57

IN BRIEF: Filtronic shares rise on new USD6 million contract

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Wins new contract worth USD6.0 million, or GBP4.8 million, with "a leading global provider of low earth orbit" satellite communications equipment". Filtronic will deliver production volumes of its second generation Cerus32 solid state power amplifier module. Customer will install the modules in selected ground station locations as part of its earth station antenna deployment.

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19 Dec 2023 10:13

Filtronic shares up on GBP4.5 million contract win

(Alliance News) - Filtronic PLC on Tuesday said it has won a new contract for the development and manufacture of advanced RF electronic modules for a "major UK defence prime."

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19 Dec 2023 09:25

Filtronic secures £4.5m contract with 'major UK Defence prime'

(Sharecast News) - Radiofrequency communications products group Filtronic has secured a new contract win for the development and manufacture of advanced RF electronic modules for a "major UK Defence prime".

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19 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
Tuesday 24 October 
Accrol Group Holdings PLCAGM
Oneiro Energy PLCAGM
Tufton Oceanic Assets LtdAGM
WH Ireland Group PLCAGM
Wednesday 25 October 
Arcontech Group PLCAGM
Hargreaves Services PLCAGM
Kavango Resources PLCGM re takeover
MGC Pharmaceuticals LtdGM re consolidation of capital, share placement
Pendragon PLCGM re strategic partnership with Lithia and name change to Pinewood Technologies PLC
Springfield Properties PLCAGM
Thursday 26 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
Feedback PLCAGM
Filtronic PLCAGM
Global Invacom Group LtdEGM re cancellation of admission to trading on AIM
Hipgnosis Songs Fund LtdAGM
Hipgnosis Songs Fund LtdEGM re sale of portfolio
IMC ExplorationEGM re takeover of Karaberd
Made Tech Group PLCAGM
Mattioli Woods PLCAGM
Mid Wynd International Investment Trust PLCAGM
Novacyt SAAGM
South32 LtdAGM
Tirupati Graphite PLCAGM
TMT Acquisition PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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