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Market Update

Dechra Lifts Dividend on Profit Surge, EU Approves Air Berlin Aid

Sarla Buch
04 Sep, 2017
New York City

C&C agreed to acquire 47% stake in pub operator Admiral Taverns. Dechra profit more than doubled and the drug maker lifted annual dividend. Johnson Service net soared and the work-wear provider estimated yearly results may slightly ahead of market expectations.

Dow, DuPont Complete $130 B Merger; Palo Alto Network, Lululemon Surge

Mukesh Buch
01 Sep, 2017
New York City

Ambarella tumbled after net plunged and disappointed outlook. The Cooper beats earnings estimate. Dow and DuPont successfully merged after two years. Lululemon net plummeted but revenues jumped. Palo Alto surges on customer growth.

Vivendi Cites Canal+ Improvements, Iliad Adds More Subscribers

Sarla Buch
01 Sep, 2017
New York City

Gemalto profit plunged and the digital security services provider lowered outlook. Iliad, France based mobile telecom operator, said net income surge was driven by the growth in subscribers. Vivendi profit tumbled. Volvo soared on higher operating margin forecast.

Ciena Drops on Forecast, Dollar General Tumbles Despite Higher Outlook

Mukesh Buch
31 Aug, 2017
New York City

Ciena tumbled on weak fourth-quarter outlook. Campbell Soup net swung to profit but warns sales may decline. Dollar General beat sales growth and lifted earnings forecast but stock drops on competitive environment worries. Genesco net swung to a loss. Workday net loss narrowed.

Carrefour Lowered Outlook, Pernod Ricard Net Jumps on Strong U.S. Sales

Sarla Buch
31 Aug, 2017
New York City

Bouygues net swung to profit on new international contracts. Carrefour lowered fiscal sales outlook after net declined 40%. Eiffage net soared 26%. Hays declared first special dividend after profits surged. Pernod Ricard profit jumped on strong the U.S. sales

Analog Devices Beats Expectations; United Tech, Rockwell in Merger Talks

Mukesh Buch
30 Aug, 2017
New York City

Analog Devices net tumbled but revenues surged. Bob Evans lifted fiscal outlook. Chico''s declined on weak sales and margins. Caleres soared after strong quarterly result. Dycom Industries net dropped 12%. H&R Block plunged after net loss widened. Vera Bradley net slumped.

BioMerieux Lifts Sales Outlook, Looking Ahead Petrofac Slices Dividend

Sarla Buch
30 Aug, 2017
New York City

BioMerieux lifted fiscal 2017 sales forecast. Baloise Holding first-half profit soared 34%. James Fisher estimated strong growth in the year after sales in the first-half jumped 13%. Petrofac profit surged but revenues plunged 21%.

Best Buy Plunges on Sales, Margin Warning; Hain Celestial Soars on Guidance

Mukesh Buch
29 Aug, 2017
New York City

Best Buy lifted fiscal outlook but cautioned on operating margins and sales growth outlook. Catalent soared on the revenue surge. Hain Celestial raised fiscal forecast. Movado surged despite net declined 13%. J.Jill tumbled. PAREXEL International net declined.

Hapag-Lloyd Loss Narrows, Deloitte UK Revenues Jumps 11%

Sarla Buch
29 Aug, 2017
New York City

Bunzl profit and revenues surged. Deloitte reported double-digit revenue growth. Hapag-Lloyd net loss narrowed on the improved transport volume. Mitie Group is facing UK regulatory investigation. Renault and Nissan to join electric car race in China.

Gilead in $11 B Deal with Kite Pharma, CBS to Buy Australia Based Network

Mukesh Buch
28 Aug, 2017
New York City

CBS Corp plans to acquire Australia-based Network Ten. Gilead Sciences to acquire immunotherapy developer Kite Pharma for $11.9 billion. Littelfuse intends to acquire smaller rival IXYS Corp for $750 million. Ulta Beauty results are ahead of expectation.

Altice to Buy Back

Sarla Buch
28 Aug, 2017
New York City

Altice plans to launch share buyback of

Big Lots Bucks Retail Downward Trend, Pure Storage Surges on Forecast

Mukesh Buch
25 Aug, 2017
New York City

Autodesk posted better-than-expected results. Big Lots profit surged 28% and lifted fiscal 2017 outlook. Net 1 UEPS Technologies net declined 54%. Pure Storage surged on improved fiscal revenues forecast. QAD net swung to a loss.

Aviva Sells Italian Bank Stake, Computacenter Surged on Strong Outlook

Sarla Buch
25 Aug, 2017
New York City

Aviva agreed to sell stake in its Italian subsidiary to Banco BPM. Computacenter profit surged and reaffirmed improved fiscal forecast. Havas net plunged 34% and agreed to acquire Israeli social media agency Blink. Henry Boot net jumped.

Abercrombie Soars on Earnings Beat; Investors Expect More from Tiffany

Mukesh Buch
24 Aug, 2017
New York City

Abercrombie & Fitch loss widened. Burlington Stores net more than doubled. Dollar Tree lifted fiscal year forecast. Patterson net plunged 21%. Perry Ellis reported better than expected earnings. Staples net swung to profit. Tiffany net jumped.

CRH in

Sarla Buch
24 Aug, 2017
New York City

CRH profit surged and agreed to sell Americas Distribution business for