Login
Breaking News
McDonald's   Rockwell Automation   Monday.com Ltd.   ON Semiconductor   Amazon.com   VeriSign   Expedia   Hilton Worldwide   Cognizant  

Market Update

Bayer Lays Out Ambitious 3-year Forecast; DS Smith, Vonovia Profit Surge

Sarla Buch
06 Dec, 2018
New York City

Bayer issued multi-year forecast and said debt will substantially in the next three years. DS Smith profit jumped and said it plans to sell its plastics division. Latecoere tumbled after weak fiscal 2019 outlook. Vonovia reported better-than-expected results.

Daimler to Increase China Stake, Takeda Wins Shareholder Approvals for Shire

Sarla Buch
05 Dec, 2018
New York City

Daimler plans to increase its stake in China-based BAIC. Stagecoach net swung to loss after non-cash goodwill impairment charge. Takeda won approval from shareholders for its $62 billion deal with Shire Plc.

AutoZone Same Store Sales Lifts Stock, Toll Bro Earnings Soar New Orders Lag

Mukesh Buch
04 Dec, 2018
New York City

AutoZone first-quarter same store sales jumped. Dollar General declined on lowered fiscal outlook. HD Supply beats sales and profit estimates and the distributor lifted fiscal outlook. Toll Brothers profit beats estimates but new orders decline.

Bpost Plunges on Weaker Profit Outlook, Rheinmetall Net Surges 50%

Sarla Buch
04 Dec, 2018
New York City

Bpost plunged 21% after the delivery service company estimated profit at the lower end of outlook. Elior said annual are expected to be in-line with estimate. IG Group lowered revenues forecast. Rheinmetall profit surged 50%. Victrex reported strong annual results.

Nexstar to Buy Tribune Media for $4 billion, Workday Net Loss Widens

Mukesh Buch
03 Dec, 2018
New York City

Finisar net swung to a loss on weak revenues. LabCorp lowered fiscal outlook. Nexstar Media agreed to acquire Tribune Media for $4.1 billion. The RMR Group net soared on strong revenues. Workday beats earnings on higher enterprise software demand.

Glaxo to Buy Tesaro for

Sarla Buch
03 Dec, 2018
New York City

GlaxoSmithKline agreed to acquire the U.S.-based Tesaro for

VMware Jumps on Soaring Clod Revenues, HP Net Doubles

Mukesh Buch
30 Nov, 2018
New York City

GameStop estimated weaker-than-expected forecast. HP net more than doubled. PVH beat earnings estimates. VMware revenues were ahead of expectations as cloud revenues support growth.

Altice Sells Fiber Business Stake, Rocket Internet Net Swings to Profit

Sarla Buch
30 Nov, 2018
New York City

Altice Europe net swung to profit and agreed to sell its 49.99% stake in its SFR FTTH business. BillerudKorsnas agreed to acquire forest land from Bergvik Skog Ost. Rocket Internet net swung to profit.

Dollar Tree Lowers Outlook; Guess Net Loss Widens, Abercrombie Soars

Mukesh Buch
29 Nov, 2018
New York City

Abercrombie & Fitch beats earnings estimates. Dollar Tree net surged 18% but lowered fiscal outlook. Guess net loss widened but revenues jumped. La-Z-Boy beats earnings and revenue estimates. Semtech net plunged. Tech Data profit soared 52%.

Daily Mail Plunges on Revenue Worries, No Deal for Intu Properties Again

Sarla Buch
29 Nov, 2018
New York City

Daily Mail plunged after weak forecast but fiscal year profit doubled. Hammerson completed the sale of Highcross shopping center. Intu Properties tumbled after second takeover offer failed to materialize. Thomas Cook net swung to a loss. Wendel fell after net asset value declined.

Salesforce Jumps on Quarterly Results; Chico's, Stein Mart, Tiffany Tumble

Mukesh Buch
28 Nov, 2018
New York City

Buckle beats earnings estimates. Chico''s plunges to 9-year low. Dick''s Sporting jumped on fiscal outlook. Smucker declined. Salesforce.com jumped on strong sales. Tiffany net declined.

AXA Lifts Dividend Payouts, Safran Wins Zodiac Shareholders Approval

Sarla Buch
28 Nov, 2018
New York City

AXA lifted synergies and cash flow estimate from the merger with AXA XL merger. Knorr

Cracker Barrel Net Rises 2%, Hibbett Sports Misses Sales Estimate

Mukesh Buch
27 Nov, 2018
New York City

Cracker Barrel beats earnings results. Diana Shipping reported better-than- expected results. Eaton Vance income edged up. Hibbett Sports missed earnings estimates. MTS Systems net doubled.

Thomas Cook Plunges 23% after Dividend Suspension, Accor Reaffirms Outlook

Sarla Buch
27 Nov, 2018
New York City

Accor reaffirmed to double profit by 2022. Greggs lifted profit forecast after strong sales in October and November. Pets at Home profit tumbled. Thomas Cook issued second profit warning in as many months.

Paychex to Buy Oasis Outsourcing, CenterState to Acquire National Commerce

Mukesh Buch
26 Nov, 2018
New York City

CenterState Bank agreed to buy National Commerce. Paychex agreed to buy rival Oasis Outsourcing Acquisition for $1.2 billion. United Technologies received Chinese regulatory approval for $30 billion deal with Rockwell Collins.