Market Update

Nvidia Plunges on Lower Sales; Nordstrom Tumbles on Weak Revenues

Mukesh Buch
16 Nov, 2018
New York City

Applied Materials declined on weak outlook. Helmerich & Payne beats earnings estimates. Nvidia plunged after the chip maker missed revenues estimates. Nordstrom plunged after net tumbled on weak sales.

Vivendi Beats Revenue Estimates, NKT Tumbles on Weak profit

Sarla Buch
16 Nov, 2018
New York City

Intermediate Capital said assets under management in the first-half jumped 23%. Ineos Enterprises agreed to acquire composites business of the U.S.-based Ashland Global Holdings. Denmark-based NKT tumbled on lowered operating profit. Vivendi beats revenues estimates.

Bouygues Lowers Profit Outlook; Royal Mail Net Tumbles

Sarla Buch
15 Nov, 2018
New York City

Bouygues profit jumped on higher telecom business. Henkel reaffirmed fiscal outlook. Linde sales dropped but profit soared. Royal Mail tumbled.

Cisco Beats Estimates, Walmart Drops on Revenue Weakness

Mukesh Buch
15 Nov, 2018
New York City

Cisco beat earnings estimates. Dillard''''s reported disappointing profit. J. C. Penney lowered fiscal comparable sales outlook after net loss widened. NetApp reported strong results. Walmart slumped on weak sales.

Beazer Homes Sales Jump 14%, Progressive Drops 6% on Quarterly Loss

Mukesh Buch
14 Nov, 2018
New York City

Beazer Homes net surged 80% on strong revenues. Macy''''s reported better-than-expected results and the retailer lifted fiscal outlook. Progressive Corp net swung to a loss despite revenues soared 18%. UGI Corp net surged on 9% jump in revenues.

Maersk Narrows Operating Profit Range, Alstom Net Rises on Strong Order Flow

Sarla Buch
14 Nov, 2018
New York City

Alstom reported strong first-half results. Maersk reported profit ahead of expectations despite higher costs. E.ON jumped despite reporting lower-than-expected results.EDF said strong revenues were driven by generation and supply business.Merck net tumbled but drug maker lifted fiscal sales outlook.

Advance Auto Parts Beats Estimates, Home Depot Reported Strong Results

Mukesh Buch
13 Nov, 2018
New York City

Advance Auto Parts beats earnings estimates and the retailer lifted fiscal outlook. Home Depot reported better-than-expected results. JetBlue Airways said traffic in October soared. Tyson Foods plunged on weak revenues and forecast.

Bayer Weed Killer Legal Woes Mount, Vodafone Writes Down Asset

Sarla Buch
13 Nov, 2018
New York City

Bayer reported higher-than-expected revenues. Bilfinger net loss narrowed on improved revenues. FirstGroup revenues surged but net swung to a loss. Uniper declined after net swung to a loss. Vodafone net swung to a loss on weak revenues.

II-VI Agrees to Buy Finisar for $3.2 B, Revlon Net Loss Narrows

Mukesh Buch
12 Nov, 2018
New York City

Aecom net declined. Autohome third-quarter net surged 60% on flat revenues. Del Frisco''s Restaurant net loss widened. II-VI tumbled after the company agreed to acquire Finisar. Revlon net loss narrowed.

SAP in

Sarla Buch
12 Nov, 2018
New York City

Allianz profit jumped 5% and the insurer reaffirmed fiscal outlook. British American Tobacco plunged after the U.S. regulator may ban flavored menthol cigarettes. Infineon Technologies plummeted despite strong fiscal results. SAP agreed to buy Qualtrics International.

Air Products to Buy GE Patents, Becton Dickinson Net Swings to Loss

Mukesh Buch
06 Nov, 2018
New York City

Archer-Daniels beats earnings estimates. AmerisourceBergen net swung to profit. Air Products net fell but revenues jumped. Becton, Dickinson net swung to a loss despite the surge in revenues. Eli Lilly lifted fiscal outlook.

Deutsche Post Reaffirms Outlook on Global Strength, Zalando Plunges 10%

Sarla Buch
06 Nov, 2018
New York City

Adecco beats earnings estimates. Deutsche Post profit tumbled and reaffirmed fiscal outlook. Hugo Boss net plunged on weak revenues. SGL Carbon lifted fiscal outlook. Zalando net soared 14% on 16% jump in revenues.

Fannie Mae to Pay $4 B Dividend, CAN Financial Profit Soars

Mukesh Buch
05 Nov, 2018
New York City

CNA Financial beats earnings estimates. Fannie Mae to pay $4 billion dividend to the U.S. Treasury. Kemper Corp reports strong results. Loews profit surged but revenues remained weak. Regal Beloit net plunged but revenues soared. Westrock net jumped.

Ferrari Profit Jumps 49%, Siemens Healthineers Estimates Improving Results

Sarla Buch
05 Nov, 2018
New York City

bet-at-home.com net plunged 9% on 4% drop in revenues. Basler, advanced digital camera maker said profit declined 19% on weak revenues. Ferrari profit surged but the income fell short of expectations. Siemens Healthineers forecasted strong growth ahead.

Apple Plunges 7%; Chevron, Exxon Mobil Profit Surge

Mukesh Buch
02 Nov, 2018
New York City

Apple plunged on weaker-than-expected revenue outlook but the device maker reported strong quarterly result. Chevron net surged after production jumped at shale oilfields. Duke Energy beats estimates. Exxon Mobil profit surged. Kraft Heinz missed earnings estimates.