Netflix United Rentals fall while Union Pacific eBay rise

NEW YORK — Stocks that moved substantially or traded heavily on Thursday:Netflix Inc., down $37.23 to $325.21The video streaming service suffered a slowdown in subscriber growth during its second quarter.Novartis AG, up $4.03 to $94.26The pharmaceutical company reported solid second quarter results and raised its profit forecast for the year.eBay Inc., up 74 cents to $39.77The e-commerce company beat Wall Street’s second quarter financial forecasts and said it is mulling the sale of two businesses.United Rentals Inc., down $10.38 to $121.11The equipment rental company trimmed its revenue forecast for the year because of bad weather and the integration of a recently purchased business.IBM Corp., up $6.56 to $149.63The technology and consulting company beat Wall Street’s second quarter profit and revenue forecasts.Ashland Global Holdings Inc., down $2.17 to $75.50The chemicals company said its third quarter results will fall short of forecasts and cut its outlook for the year.Union Pacific Corp., up $9.70 to $174.25The railroad operator beat Wall Street’s second quarter profit forecasts as it cut expenses to offset lower revenue.Philip Morris International Inc., up $6.66 to $87.71The seller of Marlboro and other cigarette brands raised its full-year profit forecast after reporting strong second quarter results.The Associated Press read more

New technologies like BlastIQ and WebGen driving growth at global explosives leader

first_imgAt its just held 2018 AGM, Alberto Calderon, Managing Director and Chief Executive Officer at Orica stated: “Revenues have returned to growth after some years of decline, reflecting both improvements in the macro-economic environment and new contract wins. Ammonium nitrate sales volumes were up five per cent on last year with particularly strong demand in Australia and Indonesia and a strong contribution from North America. We also saw strong demand for our newer products with revenue from new technologies as a proportion of total sales up more than 30% on last year.”He added: “It was also pleasing to see customer satisfaction rates increase again this year. This is an important validation of our investment in new technology and expertise. As the resources industry embraces big data and automation to lift returns, we are making the most of this opportunity. We believe market conversion to more modern, less commoditised products and services will improve margins for our customers, and for us.”Orica is making significant progress in the commercialisation of its technology. At the time of last year’s AGM, it had just completed trials of its BulkMaster 7 delivery systems and wireless blasting system, WebGen, and was just introducing its digital platform, BlastIQ, to new customers.Calderon stated: “We now have 20 BulkMaster 7s in the field, BlastIQ is being used at more than 100 customer sites around the world, and commercial sales of WebGen have commenced. We’ve just launched the next generation of BlastIQ, we’re rolling out at least another 20 BulkMaster 7’s this year, and the next generation of WebGen is in development. For me, WebGen is the most exciting development our industry has seen since bulk explosives in the 1960s. It will fundamentally change how our customers think about mine planning. The safety and productivity gains it will deliver for our customers will be significant, and we will share in that.”Lastly, he said the acquisition of GroundProbe early in the calendar 2018 year was a significant step in expanding its digital capability and customer offering. “GroundProbe is a global market leader in the provision of critical monitoring and measurement technologies for the mining sector. It has integrated well into the business, it is contributing positively to earnings, and we are now focusing on leveraging our global network to accelerate its growth.”last_img read more