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Market Indexes Plunge as Worries Mount after 3M, Caterpillar Lower Outlook

Mukesh Buch
23 Oct, 2018
New York City

3M lowered fiscal outlook. Biogen reported strong results. Caterpillar fell after disappointed outlook. Lockheed Martin lifted fiscal outlook. McDonald`s net plunged 13%. United Technologies lifted full-year profit forecast. Verizon beat net and revenues estimates.

Atos Tumbles 23% on Lower Guidance, Renault Emerging Markets Sales Plunge

Sarla Buch
23 Oct, 2018
New York City

Atos tumbled after the French IT services company lowered earnings and sales outlook for the year. Alkermes lifted fiscal 2018 revenues forecast. St. James''s Place net inflow surged. Renault sales plunge in emerging markets.

Halliburton Sees U.S. Slowdown, Schlumberger Estimates Rising E&P Spending

Mukesh Buch
22 Oct, 2018
New York City

Halliburton faces slowdown in its North America operations. Hasbro missed earnings estimates. Kimberly-Clark net plummeted. Lennox Intl revenues fell after tornado losses were higher than estimated. Schlumberger net surged 18%.

Fiat Chrysler Sells its Auto Parts Business, Philips Electronics Net Tumbles

Sarla Buch
22 Oct, 2018
New York City

Fuchs forecasted revenues in the third-quarter to jump 5%. Fiat Chrysler agreed to sell its auto parts business to Japan-based Calsonic Kansei. Leoni lowered operating profit forecast. Philips Electronics net tumbled 57%. Ryanair reported lower-than-expected profits.

P&G Jumps on Profit Surprise, American Express Lifts Growth Outlook

Mukesh Buch
19 Oct, 2018
New York City

American Express lifted revenue growth estimate. AIG revised higher global catastrophe losses. Honeywell lowered fiscal outlook. Procter & Gamble reported strong first-quarter results. PayPal net soared on 14% jump in revenues. VF Corp lifted fiscal outlook.

Bouygues Faces Delays, Litigation Storm; Remy Cointreau Positive on China

Sarla Buch
19 Oct, 2018
New York City

Bouygues tumbled on weak profit estimates. Michelin plunged despite strong sales growth. Remy Cointreau reaffirmed sales growth in China. Volvo reported strong results despite deliveries in bus segment declined.

Blackstone, Genuine Parts, Nucor, Philip Morris, Travelers Shine with Earnings

Mukesh Buch
18 Oct, 2018
New York City

Alcoa swung to profitability supported by tariffs. The Blackstone revenues soared 11%. Genuine Parts lifted fiscal outlook. Philip Morris beat earnings estimates. Travelers Co reported strong results.

Carrefour, Novartis, Nestle, SAP Earnings Show Economic Strength in Europe

Sarla Buch
18 Oct, 2018
New York City

Carrefour sales in the third-quarter jumped. Ericsson net swung to profit. Kuehne + Nagel net benefits from the worldwide logistics boom. Nestle reaffirmed sales growth forecast. Novartis profit doubled and agreed to acquire Endocyte. SAP lifted fiscal outlook.

IBM Cloud Surge Fail to Lift Stock, Northern Trust Earnings Fall Short

Mukesh Buch
17 Oct, 2018
New York City

Abbott Laboratories lowered fiscal 2018 outlook. IBM revenues failed to meet expectations set by analysts. M&T Bank beats earnings estimates. Northern Trust results fall short of expectations. US Bancorp profit soared.

ASML Advances on Strong Lithography Demand, Fresenius Plunges 17%

Sarla Buch
17 Oct, 2018
New York City

ASML beats third-quarter expectations. Akzo Nobel net jumped but revenues declined. Fresenius tumbled after weaker-than-expected results and lowered fiscal outlook. Danone plunged weakening demand in China.

BlackRock Net Inflows Plunge; Goldman Sachs, Morgan Stanley Earnings Soar

Mukesh Buch
16 Oct, 2018
New York City

Adobe reaffirmed fourth-quarter revenues forecast. BlackRock declined after net inflow declined. Goldman Sachs profit soared 21%. Grainger net plunged 36%. Johnson & Johnson lifted fiscal outlook. Morgan Stanley beats estimates.

Iberdrola Sells Power Plants to Drax, Meggit Lifted 2018 Forecast

Sarla Buch
16 Oct, 2018
New York City

Iberdrola agrees to sell Scottish utility plants to U.K.-based Drax Group. Aerospace equipment provider Meggitt lifted fiscal 2018 revenues forecast. Merck said it expects to return to profitable growth in 2019. Merlin Entertainments declined on weak performance.

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