Market Update

Office Depot Tumbles on Outlook, Disney Eases on Flat Revenues

Mukesh Buch
09 Aug, 2017
New York City

Avnet net plunged but sales surged. Cars.com net tumbled 41% on flat revenues. Echostar profit plunged 88%. Office Depot lowered fiscal sales outlook. Vantiv lifted fiscal 2017 revenue outlook and agreed to acquire the U.K.-based Worldpay.

Worldpay in

Sarla Buch
09 Aug, 2017
New York City

G4S lifted revenues forecast. Hastings Group net surged after new legal rules in motor insurance premiums. Legal & General net soared 42%. Munich Re net plunged 9%. Symrise lifted fiscal outlook. Worldpay agreed to be acquired by Vantiv for

Dean Foods Tumbles; Michael Kors, Ralph Lauren Surge

Mukesh Buch
08 Aug, 2017
New York City

CBS net tumbled 86% but revenues jumped 9%. CVS Health lowered full year earnings outlook. Dean Foods net declined 47%. Gartner net swung to a loss but revenues surged. Icahn Enterprises net swung to profit. Michael Kors net and sales plunged.

Deutsche Post, Standard Life Net Soar; Pandora Plunges 11%

Sarla Buch
08 Aug, 2017
New York City

Bellway forecasted strong growth in revenues. Deutsche Post profit jumped. Pandora reaffirmed revenue estimate but missed earnings estimates. Paddy Power Betfair net swung to profit. Standard Life profit soared 29% ahead of Aberdeen merger this month.

NxStage Agrees to Merge with Fresenius, Horizon Pharma Lifts Outlook

Mukesh Buch
07 Aug, 2017
New York City

Booz Allen net soared 17%. First Data profit surged 22%. The GEO plunged despite 5% jump in revenues. Horizon Pharm lifted fiscal outlook. II-VI net more than doubled. Tyson Foods net declined 8% but revenues soared.

Renault in Landmark Deal with Iran, PostNL Net Tumbles

Sarla Buch
07 Aug, 2017
New York City

Banco Bpm net swung to profit and agreed to sell its Aletti Gestielle unit to Anima Holding for

Activision, Motorola Lift Outlook, Duke Energy Reports Strong Earnings

Mukesh Buch
04 Aug, 2017
New York City

Activision lifted revenues outlook. Ameren net surged on 7% jump in revenues. CBOE Holdings net soared 33%. CIGNA net surged 59%. Consolidated Edison net declined 25% on flat revenues. Duke Energy net jumped. Motorola lifted revenues forecast. Sempra Energy net jumped.

Allianz and Swiss Re Results Diverge; Paysafe Agrees to $3.9 B Offer

Sarla Buch
04 Aug, 2017
New York City

Andritz plunged on lowered sales estimate. Aon profit surged. Allianz acquired 49% stake in general insurance unit of Liverpool Victoria. Deutsche Telekom net tumbled 57%. Paysafe agreed to go private for $3.9 billion. RBS net swung to profit. Swiss Re profit declined 37%.

Aetna Exits from Health Exchanges; Teva Tumbles on Lower Outlook

Mukesh Buch
03 Aug, 2017
New York City

Aetna lifted fiscal outlook and announced to leave U.S. managed healthcare exchanges. Apache net swung to profit. Becton Dickinson net swung to a loss. Cognizant net surged on strong demand in cloud services. DISH Network net tumbled. Teva Pharma net swung to a loss of $6 billion.

Aviva Lifts dividend, UniCredit Net Rises on Higher Fees

Sarla Buch
03 Aug, 2017
New York City

Aviva profit surged on strong growth in general insurance business. Cobham swung to profit on flat revenues. LSE raised dividend. Neste net plunged but revenues soared. Siemens profit was ahead of expectations but larger order volume declined. UniCredit net benefited from higher fees.

Apple China Sales Declines; Humana Lifts Outlook

Mukesh Buch
02 Aug, 2017
New York City

Apple net soared on strong iPhone sales. Cardinal Health net declined and lowered fiscal outlook. Exelon reaffirmed fiscal forecast. Humana lifted fiscal outlook. Southern Co net more than doubled. Time Warner revenues soared.

Rio Tinto Expands Buyback Plan, Societe Generale Profit Tumbled 21%

Sarla Buch
02 Aug, 2017
New York City

Asda reported eleventh consecutive quarterly loss in sales. BAE Systems revenues soared. Hugo Boss reaffirmed stable full-year outlook. Rio Tinto expanded share buyback plan. Societe Generale net tumbled on litigation cost.

US Auto Sales in July Decline; Pfizer Net Surges, Thomson Reuters Net Falls

Mukesh Buch
01 Aug, 2017
New York City

Archer Daniels sales fell. Ecolab net soared and raise fiscal outlook. Fiat Chrysler, Ford, GM July auto sales declined on weak passenger cars demand. Pfizer net surged and reaffirmed fiscal 2017 outlook. Thomson Reuters net plunged 41% on flat revenues.

BP Profit Rises and Debt Soar on Gulf Oil Spill Payouts; Centrica Net Tumbles

Sarla Buch
01 Aug, 2017
New York City

BP net swing to profit on 32% jump in revenues. Centrica net tumbled despite weak energy demand due to warm weather. HeidelbergCement sales and profit surged and reaffirmed fiscal forecast. Koninklijke DSM net and revenues surged. Rolls-Royce net swung to profit

Discovery in $14.6 B deal with Scripps, Loews Net Swings to Profit

Mukesh Buch
31 Jul, 2017
New York City

CNA Financial beats profit forecast despite weak revenues. Discovery Communications agreed to acquire the Scripps Networks for $14.6 billion. Dana lifted sales forecast. Loews net swing to profit. Roper Technologies net jumped.