ticker

Accenture Rides Cloud Wave, Scholastic Loss Widens

Mukesh Buch
23 Mar, 2017
New York City

Accenture net plunged on higher costs but revenues jumped. Conagra Brands net tumbled 12%. Commercial Metals net soared on 8% jump in revenues. Cintas profit rose. Five Below net and revenues soared. PVH net declined 25% on flat revenues. Scholastic net loss widened.

Kier New Order Soars, U.K. Retailer Next Offers Cautious Outlook

Sarla Buch
23 Mar, 2017
New York City

BASF agreed to sell its leather chemicals assets to Stahl. IG Group said revenues in the third-quarter fell 4%. Ithaca Energy net loss narrowed. Kier profit surged and infrastructure developer booked new orders worth

With Future in Doubt Sears Plunges 15%, FedEx Net Jumps 11%

Mukesh Buch
22 Mar, 2017
New York City

Actuant net in the second-quarter swung to profit and reaffirmed revenues forecast. Bebe stores plans to close all retail stores but continue online operations and avoid bankruptcy filing. FedEx reaffirmed earnings forecast. Perry Ellis net swung to profit. Winnebago net soared.

Akzo Rejects Revised PPG Offer, Kingfisher Net Surges

Sarla Buch
22 Mar, 2017
New York City

Akzo Nobel rejected second unsolicited proposal of

Lennar Reports Strong Gains in Order Backlog, General Mills Sales Drop

Mukesh Buch
21 Mar, 2017
New York City

Beasley Broadcast revenues surged on an acquisition. General Mills lowered sales outlook and said sales suffered in North American retail segment. Lennar reported strong backlog of orders. Lands'' End net loss widened.

BMW and Porsche Report Strong Results, Deutsche Wohnen Net Soars

Sarla Buch
21 Mar, 2017
New York City

BMW net jumped 8% and said Brexit plan will determine the future of its operations in the U.K. Coca-Cola European Partners net jumped 7%. Deutsche Wohnen net surged and expects property values to jump in 2017. Fuchs Petrolub net soared. Porsche net swung to profit to

Moneygram Reviews Higher Offer from Euronet, Albertson to Buy Sprouts

Mukesh Buch
20 Mar, 2017
New York City

Euronet Worldwide pursues Moneygram International with a higher offer forcing Jack Ma controlled Ant Financial to revise its offer. Movado reaffirmed net sales forecast. Syros Pharmaceuticals net loss narrowed. Albertsons plans to acquire Sprouts Farmers Market.

Vodafone Merges India Unit with Idea, Deutsche Bank Plans

Sarla Buch
20 Mar, 2017
New York City

Deutsche Bank net loss narrowed and the German bank plans to raise

Adobe Rides Cloud Wave, Tiffany Outlook Lacks Luster

Mukesh Buch
17 Mar, 2017
New York City

Adobe revenues surged as corporate demand for creative cloud services jump. Caleres plunged after net swung to a loss and on weak sales forecast. Omeros net loss narrowed. MannKind net swung to profit. Tiffany net fell 3% and offered soft outlook.

Airbus Fraud Investigates Widens, Tullow to Raise

Sarla Buch
17 Mar, 2017
New York City

Airbus fraud case widens after France join the U.K. investigation. Berkeley said new homes starts plunged 30% in London area. Enel net soared 17%. Fraport lifted traffic and revenue forecast. Tullow plans to raise

3M in $2 B Deal with Johnson Controls; Dollar General Lifted Sales Outlook

Mukesh Buch
16 Mar, 2017
New York City

3M plans to acquire Scott Safety from Johnson Controls for $2 billion. Cato net swung to a loss on weak online sales. Dollar General lifted sales forecast. Guess? net income plummeted 86%. Jabil Circuit net tumbled 74%. Smart Sand net swung to profit.

Billionaire Agarwal Targets Anglo American, Balfour Beatty Swings to Profit

Sarla Buch
16 Mar, 2017
New York City

Balfour Beatty net swung to profit as the infrastructure developer implements reorganization plan. Lufthansa lowered profit forecast. K&S net tumbled 65% on lower price in potash. Vedanta key shareholder Anil Agarwal acquired 12% stake in Anglo American worth

Arcos Dorados Soars, Titan Wheels Loss Narrows

Mukesh Buch
15 Mar, 2017
New York City

Arcos Dorados said net in the fourth-quarter surged four-fold. Everi Holdings net loss widened after goodwill impairment charge. Hostess Brands net plunged 12% but revenues soared 22%. Rubicon Project net swung to a loss on 23% decline in revenues. Titan Intl net loss narrowed.

E.ON Loss Widens on Uniper Spinoff, Safran Eyes Zodiac Aerospace

Sarla Buch
15 Mar, 2017
New York City

E.ON reported historic loss after write-downs linked to Uniper spinoff. U.K. government reduced its stake in Lloyds Banking to below 3%. H&M said sales in first-quarter jumped 8%. Hikma net tumbled 38%. Zodiac Aerospace plunged on weak sales and Safran bid.

Ackman Sells Valeant at $3 B Loss, HD Supply Confident of Outlook

Mukesh Buch
14 Mar, 2017
New York City

Ackman controlled Pershing Square sold its 10% stake in Valeant Pharma at $3 billion loss. Bon-Ton net declined on 6% drop in revenues. DSW lifted annual sales outlook. HD Supply net tumbled 94%. RadNet net surged more than four-fold. Veritiv net plunged 58%.

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