ticker

PepsiCo Reports Softness in Beverages, Snack Units; JetBlue Traffic Eases

Mukesh Buch
13 Feb, 2018
New York City

Dana net swung to a loss. JetBlue revenue passengers and load factor declined. PepsiCo net swung to a loss on flat sales. Rapid7 net loss widened. AmerisourceBergen surged after report that Walgreens broached the merger proposal.

Kering Profit Soars on Gucci, YSL and Puma, TUI Reaffirms 2018 Outlook

Sarla Buch
13 Feb, 2018
New York City

Aurubis net surged and copper smelter said it is in preliminary talks to sell its flat rolled products unit. Kering said profit was lifted by Gucci, Yves Saint Laurent and Puma brands. TUI reaffirmed fiscal 2018 outlook. Ubisoft revenues surged 47%.

General Dynamics in $6.8 B Deal with CSRA, Loews Net Jumps

Mukesh Buch
12 Feb, 2018
New York City

CNA Financial beats earnings estimates. Dycom declined after weak fiscal outlook. Diamond Offshore Drilling net swung to a loss and revenues declined 12%. First Data upbeat fourth-quarter earnings result. General Dynamics to buy CSRA for $6.8 billion. Loews net jumped.

TDC Agrees on $6.7 B Takeover Offer, Heineken Margin Growth Target Lowered

Sarla Buch
12 Feb, 2018
New York City

Carl Zeiss profit declined but the medical devices maker lifted operating margin forecast. Heineken net surged but lowered operating margin estimates. PUMA net soared. TDC agreed to $6.7 billion takeover offer from Australia-based Macquarie and three domestic pension funds.

NY Times Subscription Revenues Jumps, Nvidia Revenue Surges

Mukesh Buch
09 Feb, 2018
New York City

Coherent results exceeded expectations. Moody''s revised fiscal year outlook. New York Times said subscription revenues jumped. Nvidia reported better-than-expected results. Tenneco net soared 79% on 11% jump in revenues.

A.P. Moller Misses Expectations, L

Sarla Buch
09 Feb, 2018
New York City

A.P. Moller missed fourth-quarter core profit expectations. Amundi plunged despite revenues jumped 34%. Bechtle pretax profit jumped 12%. L''Oreal said strong demand in Asia drove sales. Umicore reported better-than-expected full-year results.

GrubHub, Twitter Surge; CVS Health, Kellogg, T-Mobile Beat Estimates

Mukesh Buch
08 Feb, 2018
New York City

CVS Health beats quarterly results estimates. GrubHub surged after partnership with Yum Brand. Kellogg earnings and revenues were ahead of expectations. T-Mobile subscriber base increase to 325 million. Twitter soared after strong revenue growth.

Soc Gen Profit Tumbles, Total Net Surges on Higher Prices and Low Cost

Sarla Buch
08 Feb, 2018
New York City

Akzo Nobel forecasted revenues growth of 3%. Societe Generale profit declined after restructuring costs and tax-related charges. Total S.A. profit soared 86% on higher prices. Vinci net and revenues jumped. Zurich Insurance reported strong annual performance.

Cognizant Beats Estimates, Humana Net Swings to Profit

Mukesh Buch
07 Feb, 2018
New York City

Ball Corp net soared on 10% jump in revenues. Cognizant reported higher than expected earnings on rising outsourcing revenues. Exelon reported strong results. Hasbro net swung to a loss and revenues dropped. Humana net swung to profit.

Glaxo Cautious on Outlook, Rio Tinto Rewards Shareholders

Sarla Buch
07 Feb, 2018
New York City

ABN Amro reported better-than-expected fiscal results. Carlsberg profit tumbled on weak sales. Glaxo earnings and sales surged. Hexagon beat earnings forecasts. Rio Tinto reported strong result with cash flow of $14 billion. Sanofi net profit slides as sales dropped.

GM Reports Record Earnings, Gartner and Cummins Offer Positive Outlook

Mukesh Buch
06 Feb, 2018
New York City

AmerisourceBergen profit soared on tax benefit. Archer Daniels profit jumped on strong demand. Cummins offered positive outlook on 2018 profit and revenue. General Motors jumped on record earnings. Gartner profit and revenues soared.

BNP Paribas Misses Estimate, BP Profit Jumps on Rising Energy Production

Sarla Buch
06 Feb, 2018
New York City

BNP Paribas missed profit estimate. BP forecasted energy production growth as it ramps seven projects. Jenoptik plunged despite revenues and profit jumped. Intesa Sanpaolo profit more than doubled and the bank unveils new strategy. Munich Re declined on weak forecast.

Broadcom Lifts Qualcomm Bid, Bristol-Myers Jumps on Earnings

Mukesh Buch
05 Feb, 2018
New York City

Bristol-Myers jumps on earnings and also said its key trial for immunotherapy or lung cancer drug show strong promise. Broadcom lifted its bid to $120 billion for Qualcomm. Booz Allen won cyber-security contract worth $621 million. Hess net loss narrowed. Sysco beats revenue expectations.

Sandvik Profit Soars 94%, Vonovia Launches BUWOG Takeover Offer

Sarla Buch
05 Feb, 2018
New York City

Capgemini agreed to acquire the U.S.-based LiquidHub for

Apple Investors Worry High Priced iPhone Sales Outlook, Amazon Jumps

Mukesh Buch
02 Feb, 2018
New York City

Apple stock fell on the worries that the latest version of iPhone sales may falter on high prices. Amazon profit jumped after strong holiday sales. Exxon Mobil profit quintupled on tax benefit. Alphabet slumped after quarterly results declined. Phillips 66 reported strong quarterly profit.

Market Update