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FactSet and Red Hat Surge Ahead on Expectations, McCormick Lifts Outlook

Mukesh Buch
27 Mar, 2018
New York City

Foxconn agreed to acquire the U.S.-based Belkin International for $886 million. FactSet reported strong revenues growth. IHS Markit profit and revenues soared. McCormick lifted fiscal outlook. Red Hat reported better-than-expected results.

Akzo Divest Chemical Unit to Carlyle, H&M Profit Declines on Weak Sales

Sarla Buch
27 Mar, 2018
New York City

Akzo Nobel sells its chemicals business to Carlyle for

Finish Line Agrees to JD Sports Offer, Paychex Offers Upbeat Outlook

Mukesh Buch
26 Mar, 2018
New York City

Finish Line surged after the retailer agreed to the offer from the U.K.-based retailer. Kala Pharmaceuticals net loss widened. Paychex net surged 29%. Remington Outdoor filed for Chapter 11 protection. Victory Capital net swung to profit.

Gebr Knauf in $6 B Deal with USG Corp, Smurfit Rejects Revised $11 B Offer

Sarla Buch
26 Mar, 2018
New York City

Bouygues agreed to buy engineering services business of Alpiq for 850 million Swiss francs. Gebr Knauf offered $6 billion to the U.S.-based rival USG Corp. Smurfit Kappa rejected revised higher $11 billion takeover proposal from the U.S.-based International Paper Inc.

Micron Profit Jumps on Strong Demand, Nike Net Swing to Loss

Mukesh Buch
23 Mar, 2018
New York City

Cintas soared after the uniform maker reported better-than-expected results. KB Home net swung to a loss despite revenues jumped 6%. Micron Technology profit surged on strong demand. Nike swung to a loss.

Bollore, Deutsche Wohnen Profit Jump; Smiths Net Tumbles on Higher Costs

Sarla Buch
23 Mar, 2018
New York City

Bollore profit surged. Deutsche Wohnen profit soared 13% on 6% jump in revenues. Next Plc said online sales surged but retail sales declined. Smiths Group profit tumbled on higher research costs and the diversified engineering company lowered margins.

Accenture Drops on Margin Worries, Carnival Lifted Outlook

Mukesh Buch
22 Mar, 2018
New York City

Accenture declined after operating margin declined. Carnival lifted fiscal outlook. ConAgra net jumped despite higher costs. Darden soared and reaffirmed fiscal outlook. G-III tumbled despite net loss narrowed. Guess surged on strong profit.

Kuka Expands Business in China, Zooplus Profit hurts by Higher Spending

Sarla Buch
22 Mar, 2018
New York City

Freenet annual profit surged 27% on 5% jump in revenues. Kuka plans to expand its business in China. Trigano said full-year revenues surged after strong segment performance. Zooplus profit tumbled on higher spending.

General Mills Declines on Weak Outlook, Winnebago Profit Surges

Mukesh Buch
21 Mar, 2018
New York City

Arcos Dorados net surged on 8% jump in revenues. Actuant declined after net swung to a loss. General Mills tumbled on operating profit forecast. PQ Group net and revenues soared. Winnebago profit surged 44%.

BMW 2018 Profit Soars, Hermes Hikes Dividend and Reports Record Margins

Sarla Buch
21 Mar, 2018
New York City

BMW forecasted 2018 revenue and deliveries to slightly increase. Hermes International profit surged 11% on strong business in hand bag segments. Viscom reported record revenues but net loss widened.

Oracle Plunges on Outlook Worries, Duluth Holdings Tumbles

Mukesh Buch
20 Mar, 2018
New York City

The Children

Porsche and MAN Shine on Results, Michelin Agreed to Buy Fenner

Sarla Buch
20 Mar, 2018
New York City

Bellway profit jumped on record sales. MAN SE said operating profit in 2017 significantly surged. Michelin agreed to acquire the U.K.-based conveyor belt maker Fenner Plc for

KLA-Tencor Agrees to Buy Orbotech, Fidelity National to Buy Stewart Info

Mukesh Buch
19 Mar, 2018
New York City

Canadian Solar net swung to profit after revenues soared 66%. Fidelity National Financial agreed to buy Stewart Information Services for $1.2 billion. KLA-Tencor agreed to buy Israel-based Orbotech for $3.4 billion. MoneyGram net swung to a loss.

Hammerson Rejects

Sarla Buch
19 Mar, 2018
New York City

Henkel said it is facing supply chain issues in North America. Hammerson rejected takeover proposal of

Adobe Earnings Surge, Tiffany Drops on Disappointing Results

Mukesh Buch
16 Mar, 2018
New York City

Adobe Systems reported strong net and revenues. The Buckle net surged but comparable sales in February declined. Hibbett Sports declined on weak forecast. Jabil Inc surged on higher profit and revenues. Tiffany slumped on disappointing fourth-quarter results.

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