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FedEx Lifts Outlook; Oracle Misses Sales Estimates, AutoZone Net Falls

Mukesh Buch
18 Sep, 2018
New York City

AutoZone net declined on weak revenues. Cracker Barrel net and sales jumped. FedEx missed earnings estimates but the delivery company lifted outlook. Oracle net jumped 6% on weak revenues.

Clariant, SABIC in Joint Venture, Ocado Q3 Revenues Surges

Sarla Buch
18 Sep, 2018
New York City

Clariant surged after the Swiss chemical maker signed a partnership agreement with Saudi Basic Industries Corp. Ocado said strong revenues growth in the fiscal third-quarter. Osram Licht soared on improved revenues growth estimate. Norway based Schibsted will spin off its online classified business.

Meredith Sells Time Magazine, Kinder Morgan Evaluates Canada Exit

Mukesh Buch
17 Sep, 2018
New York City

Alaska Air said combined passenger traffic in August rose 3.8%. Meredith agreed to sell Time magazine to Salesforce founder Marc Benioff for $190 million. Kinder Morgan hired TD Securities to sell its Trans Mountain pipeline to exit from Canada.

Casino Guichard Parent Secured New Loans, CropEnergies Profit Gets Squeezed

Sarla Buch
17 Sep, 2018
New York City

AlzChem plans to expand production capacity after profit soared 10%. CropEnergies profit declined on lowered ethanol price and higher raw materials and energy costs. Rallye soared after it signed new credit facility of

Adobe Bats Expectations, Sears Slide Continues

Mukesh Buch
14 Sep, 2018
New York City

Adobe reported strong result after cloud revenue soared 21%. Dave & Buster''s Entertainment net surged 11% and the restaurant operator lifted fiscal outlook. Nucor revised earnings outlook higher.

Nordea, DNB Sell Luminor Stake, J D Wetherspoon Net Soars

Sarla Buch
14 Sep, 2018
New York City

Close Brothers plans to sell its retail finance business to Sweden-based Klarna Bank. Investec will spin-off of its Investec Asset Management business. J D Wetherspoon profit soared on higher sales. Nordea and DNB Bank jointly sell its 60% stake in Luminor to Blackstone.

Kroger Plunges 10% on Sales Worries, Brady Corp Earnings Surge

Mukesh Buch
13 Sep, 2018
New York City

Brady Corp soared on strong result and upbeat outlook. Fred''s tumbled after net loss widened as sales declined. Kroger Co beat earnings estimates after profit surged 44%. Palatin Technologies net swung to profit. Pivotal Software tumbled despite upbeat outlook.

Delivery Hero Shrinks and Delivers Profit, WM Morrison Net Drops

Sarla Buch
13 Sep, 2018
New York City

Delivery Hero net swung to profit after revenues surged 38%. Natixis sold several of its finance services units to parent company BPCE. WM Morrison profit declined. Rubis net declined but revenues surged.

Carlyle Approaches Sedgwick, Stanley Black to Take Stake in MTD

Mukesh Buch
12 Sep, 2018
New York City

Carlyle Group is in preliminary talks to acquire Sedgwick Claims for $6.7 billion. Stanley Black agreed to acquire 20% stake in MTD Products. WABCO Holdings fell on deteriorate China production and lower demand in Russia and Turkey.

Hermes Rides Luxury Demand Boom, Inditex Targets Online Expansion

Sarla Buch
12 Sep, 2018
New York City

Dermapharm profit and revenues jumped on recent acquisitions. Hermes profit surged after solid growth across all business. SSE plunged after profit warning. Vapiano net loss widened.

Renesas to Buy IDT, Casey

Mukesh Buch
11 Sep, 2018
New York City

Casey`s General net and revenues soared. Integrated Device Technology agreed to be acquired by Japan-based rival Renesas Electronics.Limoneira tumbled on weak revenues. Sonic jumped on earnings forecast. Sonos net loss widened after revenues declined.

ArcelorMittal Lifts Essar Steel Bid, JD Sports Reported Upbeat Results

Sarla Buch
11 Sep, 2018
New York City

ArcelorMittal lifted offer for India-based Essar Steel to $5.8 billion. Amer Sports surged on buyout offer. Cairn Energy net swung to a loss. Hilton Food profit surged on strong sales and acquisitions. JD Sports reported record result on strong revenues.

SAIC to Acquire Engility Holdings, United Rentals to Buy BlueLine Rental

Mukesh Buch
10 Sep, 2018
New York City

Destination Maternity net loss widened but the retailer reaffirmed fiscal outlook. Retailer Fred''s agreed to sell its pharmacy patient prescription business to Walgreens. Hovnanian Enterprises net loss narrowed. SAIC profit soared.

Richemont Sales Surges 22%, Hannover Re Issued Positive Outlook

Sarla Buch
10 Sep, 2018
New York City

bet-at-home.com net tumbled 43% on 15% plunge in revenues. Associated British Foods forecasted fiscal profit in its sugar division to decline. Hannover Re forecasted stable prices and conditions. RPC Group is in preliminary talk to go private.

Five Below, Palo Alto Soar; GameStop Net Swing to Loss

Mukesh Buch
07 Sep, 2018
New York City

Barnes & Noble soared as mounting losses lifts of hopes of more changes at the troubled retailer. Five Below reported better-than-expected results. GameStop net swung to a loss. Marvell Technology missed profit estimate. Palo Alto Networks revenues jumped.

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