ticker

Positive Earnings Lift European Indexes, Adidas Guides Higher

Lucy Stoeva
27 Apr, 2016
New York City

European shares traded higher on Wednesday amid positive corporate earnings and higher oil prices. Adidas raised its guidance for 2016 and posted an increase of 35% in operating profit. Antofagasta said copper output rose in the quarter and confirmed its full-year output guidance.

Apple Misses Sales Outlook, Twitter Loss Narrows

Mukesh Buch
27 Apr, 2016
New York City

Apple said quarterly sales of iPhone declined for the first time in 13 years. Boeing profit declined 11%. Baker Hughes net loss widened after revenues plummeted 42%. Comcast net and revenues jumped. Glaxo lifted earnings forecast. Hess net loss widened. Twitter net loss narrowed.

European Matkets Lose Steam, BP and Orange in Focus

Lucy Stoeva
26 Apr, 2016
New York City

After a strong start, most European markets changed direction and closed slightly lower. Pulp & paper producer UPM said quarterly profit jumped 35% and announced the sale of its Schwedt mill site. BP reported a pre-tax loss of $865 million. Orange said revenues rose 3.5%.

P&G Sales Fell 7%, BP Revenues Plunged 30%

Mukesh Buch
26 Apr, 2016
New York City

3M net jumped but revenues fell. BP net swung to a loss and revenues plunged 30%. Du Pont profit soared 19% while sales dropped 6%. Eli Lilly net plummeted 17% but sales rose 5%. Lockheed Martin net slumped 10% but revenues surged 16%. P&G sales fell 7%.

European Markets Fall on Weak Commodities, Philips to Spinoff Lightning Unit

Lucy Stoeva
25 Apr, 2016
New York City

Stocks in Europe fell for the second day in a row on the weakness in commodity stocks and a slight fall in business confidence in Germany. Philips plans to spin off its lighting unit. Deutsche Bank

Gannett to Acquire Tribune Publishing, Lab Corp Net Soars 25%

Mukesh Buch
25 Apr, 2016
New York City

Gannett offered to acquire Tribune Publishing for $815 million. First Data net loss narrowed. KKR net swung to a loss. Lab Corp. of America profit and revenues surged. Philips net tumbled 63%. Roper Technologies net fell but revenues rose. Xerox profit plummeted 85%.

Auto Makers Drag European Markets Down, Daimler and Kering Disappoint

Lucy Stoeva
22 Apr, 2016
New York City

European stock markets trimmed weekly gains dragged down by auto makers on the widening international investigation in the emission-tests scandal beyond Volkswagen. Zodiac Aerospace soared 10.5% on rumors that Safran may bid for the aerospace supplier.

Alphabet Net Soars 20%, Microsoft Net Falls 25%

Mukesh Buch
22 Apr, 2016
New York City

Alphabet, the parent of Google said net surged 19% on 17% rise in revenues. Caterpillar lowered revenue forecast. GE net loss narrowed. Honeywell net jumped. Kimberly Clark net surged 17% but sales fell. McDonald''s net jumped. Microsoft net plunged 25%. Visa net soared 10%.

Biogen, GM, Qualcomm, Verizon Profit Rise; BNY Mellon Net Drops

Mukesh Buch
21 Apr, 2016
New York City

American Express net declined 6%. BNY Mellon profit and revenues fell. Biogen net surged 18% on 7% jump in revenues. GM profit soared 122%. Qualcomm net jumped 11% but revenues plunged 19%. Verizon net rose 2%. Yum! Brands net jumped 8%.

Rates on Hold in Europe, Ericsson and Pernod Ricard Fall on Weak Results

Lucy Stoeva
21 Apr, 2016
New York City

Stocks in Europe retreated after the ECB kept rates unchanged, several major companies posted disappointing earnings, and oil continued to decline. Ericsson

Mixed Closings in Europe, ARM, ABB in Focus

Lucy Stoeva
20 Apr, 2016
New York City

European markets were little changed as positive earning updates offset a decline in oil prices and sharp losses in China. ABB, the power grid automation maker said net profit fell 11%, less than expected. ARM Holdings reported revenue growth of 22% and profit growth of 7.6% in the first-quarter.

Intel to Cut 12,000 Jobs; Abbott, Coca-Cola Profit Decline

Mukesh Buch
20 Apr, 2016
New York City

Abbott net tumbled 86% but lifted earnings per share forecast. DISH Network net surged 11%. EMC net jumped 6%. Illinois Tool net rose 2% but revenues fell 2%. Intel announced a wide-range restructuring program. Coca-Cola net fell. Yahoo! net swung to a loss.

Danone, L'Oreal, Publicisand Rio Tinto Earnings Lift European Markets Higher

Lucy Stoeva
19 Apr, 2016
New York City

European stocks surged to three-month high on positive corporate earnings and momentum in oil prices. Rio Tinto quarterly shipments surged 11%. L''Oreal

Goldman, IBM Net Plunge, J&J Lifts Sales Outlook

Mukesh Buch
19 Apr, 2016
New York City

Goldman Sachs net dropped after revenues sharply declined in its key businesses. Harley-Davidson net dropped 7% but revenues jumped. IBM net fell. J&J lifted annual sales forecast. Netflix continue to tumble on weak outlook. Philip Morris net plunged. UnitedHealth net soared.

European Markets Recover, Oil Producers Fail to Freeze Output

Lucy Stoeva
18 Apr, 2016
New York City

European markets recovered from the morning decline after oil producers failed to agree on production freeze. Caixabank made a new takeover offer for Banco BPI. Reckitt Benckiser first-quarter sales rose 5%. L''Oreal and Rio Tinto advanced ahead of earnings reports.

Market Update