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Market Update

Air France May Passenger Count Rises 1%, Lloyds Banking Exits Standard Life

Sarla Buch
08 Jun, 2018
New York City

Air France KLM said May passenger count increased 1%. Lloyds Banking Group sold remaining stake of 3.3% in Standard Life Aberdeen. Whitbread said it may sell or spin off Costa coffee chain or Premier Inn hotels.

Conn's, Five Below Surge on Strong Results; Vail Resorts Lifts Outlook

Mukesh Buch
07 Jun, 2018
New York City

Conn''''s soared after net swung to profit. Five Below surged on quarterly results and the continued store expansion. Smucker net surged but revenues miss estimate. Thor Industries net soared on 12% jump in revenues. Vail Resorts lifted fiscal outlook.

Kering Lifted Gucci Revenue Estimate, China Demand Drives Remy Cointreau Net

Sarla Buch
07 Jun, 2018
New York City

Kering estimated annual revenues in Gucci brand of about

Signet Jewelers Surge on Outlook; Secureworks, Vera Bradley Net Loss Widen

Mukesh Buch
06 Jun, 2018
New York City

Brown-Forman net declined but revenues jumped. KNOT Offshore Partners net and revenues soared. Secureworks net loss widened. Signet Jewelers surged on upbeat outlook. Vera Bradley net loss widened after revenues plunged 10%.

Workspace Group Rides Real Estate Boom, Uniper Reaffirmed Outlook

Sarla Buch
06 Jun, 2018
New York City

Duerr agreed to acquire the environmental business of U.S.-based Babcock & Wilcox Enterprises. RPC Group plans to sell non-core businesses for disposal. Uniper reaffirmed fiscal outlook. Workspace Group net soared on 19% jump in revenues.

HD Supply Net Jumps; Genesco Tumbles

Mukesh Buch
05 Jun, 2018
New York City

Apergy net surged on 23% jump in revenues. Duluth Holdings plunged after net swung to a loss. G-III Apparel surged. Genesco tumbled on weak sales forecast. HD Supply jumped after net and revenues soared.

Philips to Buy U.S. Based EPD Solutions, Soc Gen Sells Spanish Unit to Warburg

Sarla Buch
05 Jun, 2018
New York City

Modwen Properties said home sales surged 31%. Philips Electronics agreed to acquire the U.S.-based EPD Solutions for about

Dell Segment Revenue Surges, Palo Alto Loss Narrows

Mukesh Buch
04 Jun, 2018
New York City

Analogic beats earnings estimates. Construction Partners net soared on 8% jump in revenues. Dell Technologies revenues surged more than expected. Palo Alto net loss narrowed on record revenues.

Accor Mulls Air France KLM Stake, Rickemont Sells Lancel

Sarla Buch
04 Jun, 2018
New York City

Accor plans to acquire 14.3% stake in the Air France KLM. CYBG revised its

Costco Store Sales Soar, Lululemon Beats Estimates

Mukesh Buch
01 Jun, 2018
New York City

Abercrombie & Fitch beats revenue estimate but the stock still traded down. Big Lots net tumbled 39%. Caleres net soared. Costco reported strong comparable store sales growth. Marvell profit soared on growth in core business. Lululemon surged on strong growth.

Dialog Tumbles on Apple Worries, Rio Tinto Completes Australian Coal Mine Sale

Sarla Buch
01 Jun, 2018
New York City

Dialog Semiconductor tumbled on the worries that Apple may cut power chip orders. Elekta net surged but lowered fiscal operating margin. Laurent Perrier profit declined on weak sales. Rio Tinto completed the sale of its 75% stake in coal project in Australia.

Burlington Stores Lifts Outlook; Dollar Tree and Dollar General Drop

Mukesh Buch
31 May, 2018
New York City

American Eagle reported record first-quarter revenues. Ciena fell after net plunged 63%. Burlington Stores soared on improved outlook. Dollar Tree lowered fiscal outlook. Dollar General missed same store sales.

UK Clears Informa, UBM Merger; FirstGroup Tumbles on Quarterly Loss

Sarla Buch
31 May, 2018
New York City

CRH forecasted higher margin and said it has

HP Profit Jumps on Rising Demand, Salesforce Beats Estimates

Mukesh Buch
30 May, 2018
New York City

Analog Devices net surged on 32% jump in revenues. Chico''s tumbled on weak results. DICK''S Sporting surged after lifted fiscal outlook. HP profit jumped on strong demand. Salesforce reported stronger-than-expected results.

Bayer Asked to Divest $9 B Assets, Vivendi Loses Soccer Broadcasting Rights

Sarla Buch
30 May, 2018
New York City

U.S. antitrust regulators asked Bayer to sell $9 billion of assets as a part of the deal to clear Monsanto acquisition. China controlled private equity fund won French soccer broadcasting rights.