ticker

Oracle Net Declines 14%, Actuant Net Loss Widens

Mukesh Buch
16 Mar, 2016
New York City

Actuant net loss widened after revenues declined 13% and lowered sales forecast. Blount Intl net loss widened. Oracle profit plunged 14% as revenues in hardware and service segment plummeted. Team net surged 29% on 13% increase in revenues.

Volatile European Markets Turn Lower on Weaker Commodities

Lucy Stoeva
15 Mar, 2016
New York City

European markets fell on lower commodity prices and on weakness in Asian markets. Antofagasta canceled its final dividend. Galenica confirmed the corporate split-off plan. Numericable-SFR said adjusted operating earnings rose 20% in 2015.

European Markets Extend Rally, Italian Banks in Focus

Lucy Stoeva
15 Mar, 2016
New York City

European markets extended three-day rally on the back of financial and resource stocks. Energy shares turned down after Iran reiterated its commitment to increase production.

Valeant Tumbles on Revenue Outlookt; Bon-Ton, Veritiv Decline

Mukesh Buch
15 Mar, 2016
New York City

Bon-Ton net plunged 29%. Children''s Place profit rose. DSW net tumbled 62% but revenues jumped. FactSet net soared 10%. Valeant Pharma tumbled after lowering revenues forecast. Veritiv net swung to profit while revenues declined 8%.

Starwood Receives $12.8 B Buyout Offer from China- based Anbang

Mukesh Buch
14 Mar, 2016
New York City

Starwood Hotels received buyout offer of $12.8 billion from China-based insurance company. 3D Systems net swung to a loss. A. Schulman plunged. Fresh Market surged after agreed to be acquired by Apollo Global for $1.4 billion. A. M. Castle net and revenues declined.

Buckle, Genesco, Hibbett, Zumiez Net Decline; Square Loss Widens

Mukesh Buch
12 Mar, 2016
New York City

Buckle profit declined after sales dropped. Genesco net slumped 8% but sales increased. Hibbett Sports net plunged 13%. Square net loss widened. Ulta Salon net and total sales surged. Zumiez net tumbled 25% on 6% decline in revenues.

Dollar General Profit Jumps, Stein Mart Tumbles

Mukesh Buch
10 Mar, 2016
New York City

AEP Ind net soared. Cantel Medical profit and revenues jumped. Coca-Cola Bottling net and revenues surged above 40%. Dollar General net jumped 6% and lifted fiscal outlook. Ferrellgas net plummeted 23%. Korn/Ferry net swung to a loss. Stein Mart net plunged 49%. Vail Resorts net rose.

Broad Advance in European Indexes, Old Mutual in 4-Part Break Up

Lucy Stoeva
12 Mar, 2016
New York City

European market indexes soared in a broad rally sparked by advances in banks and resource sectors. ArcelorMittal outlined the terms for a $3 billion rights issue that aims to reduce debt. Old Mutual announced a plan to break up in four companies.

ECB Lowers Key Rates and Expands Asset Purchase Program

Lucy Stoeva
10 Mar, 2016
New York City

European Central Bank expanded stimulus program in scope and scale and also cautioned future rate cuts are less likely after lowering rates today. Hannover R

Orange Telecom Merger Talk Drive European Markets Higher

Lucy Stoeva
10 Mar, 2016
New York City

European stock markets rose on higher oil prices, a rebound in banking stocks, and merger talk in the telecom sector. Telecom Italia and Orange may pursue a merger. Credit Agricole announced an ambitious cost saving program and distribute 50% of earnings as dividends from the next year.

AeroVironment, Express, Vera Bradley Jump; Trevena Declines

Mukesh Buch
09 Mar, 2016
New York City

AeroVironment net soared and lifted gross profit margin forecast for the year. Express net surged 34% on 5% increase in revenues. Speedway Motorsports net loss narrowed. Trevena net loss widened. Vera Bradley profit plunged 9%.

Euro Zone Economy Expands 0.3%, Weak China Trade Data Drag Indexes

Lucy Stoeva
08 Mar, 2016
New York City

European markets fell after China reported weakening international trade data. Fourth-quarter GDP grew 0.3% in the euro zone. Symrise warned of a difficult 2016. Burberry Plc surged 6% on takeover speculations.

Calavo Growers, Thor, Urban Outfitters Surge; Navistar Declines

Mukesh Buch
08 Mar, 2016
New York City

Calavo Growers net surged 20%. Dicks Sporting net declined 17%. Navistar Intl net loss narrowed and revenues plummeted 27%. Saga Communications plunged 16%. Thor Industries net surged 56%. Urban Outfitters net slumped 9%.

German Manufacturing Slows Down, SeaDrill Extends Recent Surge

Lucy Stoeva
07 Mar, 2016
New York City

European shares retreated on weakening German manufacturing data and interest rate jitters ahead of the ECB meeting. French utility EDF slumped after the CFO resigned. SeaDrill extended gains and soared 60% on its refinancing plans.

Supreme Court Rejects Apple e-book Appeal

Mukesh Buch
07 Mar, 2016
New York City

Apple Inc may have to pay $450 million in fines and fees linked to e-books price-fixing inquiry. Federated National net declined 7% but revenues surged 30%. Greif net swung to a loss. Lumos Networks plunged 21%. Superior Industries Intl jumped after profit soared.

Market Update