BRIEF-Perk Inc to be acquired by Rhythmone PLC
* Perk-Rhythmone agreed to buy all common and class a restricted voting shares of perk by way of plan of arrangement in an all-stock transaction
CHICAGO, April 30 Oshkosh Corp on Tuesday reported a higher quarterly profit and raised its forecast for the full year as the housing recovery in the United States prompted builders to buy more of the company's aerial work platforms, telehandlers and concrete mixers.
The maker of specialty trucks and construction equipment said higher prices, operational efficiencies and improved margins boosted quarterly profit.
Oshkosh earned $85.4 million, or 96 cents a share, in its fiscal second quarter, ended March 31, up from $42.8 million, or 47 cents a share, a year earlier.
Analysts, on average, expected 89 cents a share, according to Thomson Reuters I/B/E/S.
Sales fell 3.8 percent to $1.98 billion, largely due to lower sales of tactical vehicles to the military.
Oshkosh raised its full-year profit forecast to a range of $2.90 to $3.15 a share from a previous estimate of $2.80 to $3.05.
Oshkosh said sales of its concrete mixers rose to their highest level in five years, "benefiting mainly from improvements in the domestic housing market."
LONDON, Dec 5 The euro rebounded from 21-month lows on Monday, clawing back almost all the ground it had lost overnight after Italian Prime Minister Matteo Renzi conceded defeat in a referendum on plans to reform the country's constitution and said he would resign.
* Fitch on German Life Insurance sector - Monitoring situation closely and downgrades are possible from 2017