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GE Sells $1 B Energy Portfolio, Village Super Market Net Declines

Mukesh Buch
08 Oct, 2018
New York City

GE agreed to sell its Energy Financial Services business to Apollo Global Management. Hyatt Hotels agreed to acquire Two Roads Hospitality for $480 million. Trilogy Metals fell after net loss widened. Village Super Market net declined after weak sale growth.

Lloyds, Schroders in Wealth Partnership Talks;Total, Saudi in Development Deal

Sarla Buch
08 Oct, 2018
New York City

Acacia Mining jumped after the gold miner reported strong production and lifted fiscal forecast. Schroders confirmed that it is in talk with Lloyds Banking to work together in wealth sector.

Costco Comparable Store Sales Surge, Pier 1 Net Loss Widens

Mukesh Buch
05 Oct, 2018
New York City

Costco Wholesale net jumped 9% on strong revenues. LeMaitre Vascular net declined on lowered fiscal outlook. Pier 1 Imports net loss widened. SMART Global reported better-than-expected results.

U.S. Targets Danske Bank for Laundering, Intu Soars on Buyout Expectations

Sarla Buch
05 Oct, 2018
New York City

Centamin tumbled after the gold miner reported improving production but fell short of investors

HP Jumps on Positive Outlook, Constellation Brands Beats Estimates

Mukesh Buch
04 Oct, 2018
New York City

Constellation Brands beats earnings estimates. HP issued positive earnings outlook. International Speedway tumbled on lowered fiscal outlook. Synnex net declined 8%.

Publicis Acquires Czech-based Kindred, Ted Baker Plunges on Fraser Woes

Sarla Buch
04 Oct, 2018
New York City

BTG soared on the upbeat fiscal forecast. Electrocomponents jumped on improved pretax profit estimates. EasyJet passenger traffic in September surged. Ted Baker plunged on weaker-than-expected results and weak forecast.

Lennar Home Order Backlog Surges, RPM International Net Plunges 40%

Mukesh Buch
03 Oct, 2018
New York City

Acuity Brands net surged 20%. Lennar met earnings estimates. Landec reaffirmed fiscal 2019 outlook. RPM International revenues jumped 9%.

Vodafone Italy Buys 5G Spectrum, Norsk Hydro Shuts Down Brazil Plant

Sarla Buch
03 Oct, 2018
New York City

ITE Group acquired the mining event managed by Euromoney. Norsk Hydro plans to shut down alumina refinery in Brazil. Tesco declined after weaker-than-expected profit. Vodafone Italian unit purchased spectrum for

PepsiCo Sales Rise 1.5%; Paychex Reaffirms Outlook

Mukesh Buch
02 Oct, 2018
New York City

Emerson Electric agreed to acquire a unit of General Electric. Lamb Weston net surged 29% on 12% jump in revenues. PepsiCo net jumped 16%. Paychex forecasted rising revenues in key segments.

Royal Mail Issues Profit Warning, Ferguson Declines on Weak Revenue Growth

Sarla Buch
02 Oct, 2018
New York City

DX Group jumped after net loss narrowed. Ferguson declined on weak revenue growth. Royal Mail plunged on profit warnings. Veolia Environnement agreed to sell its 30% stake in Transdev.

Honeywell to Acquire Germany Based Transnorm, Cal-Maine Drops 9%

Mukesh Buch
01 Oct, 2018
New York City

Cal-Maine Foods net swung to profit on higher average selling price but the egg producer misses expectations. BioLife Solutions lifted fiscal outlook. Cohu said it completed the acquisition of Xcerra. Stitch Fix jumped ahead of its earnings release.

French Retailer Casino Sells Stores, Ryanair Faces Rising Cost Pressures

Sarla Buch
01 Oct, 2018
New York City

Switzerland-based Aryzta said it plans to raise

BlackBerry Surges on Strong Profits, Carnival Beats Estimates

Mukesh Buch
28 Sep, 2018
New York City

Aceto net swung to a loss. Applied Optoelectronics lowered fiscal outlook. BlackBerry surged after profit than doubled. Bassett Furniture net fell. Carnival beats earnings estimates. Progress Software net soared 49%. Vail Resorts net loss widened.

Saab, Boeing Win $9 B U.S. Air Force Contract; Serco Rides on Positive Outlook

Sarla Buch
28 Sep, 2018
New York City

Kaufman declined ahead of its third-quarter earnings results. Serco surged after better-than-expected profit forecast. Saab and Boeing won $9.2 billion contract from the U.S. Air Force. SMA Solar Technology plunged 9% after solar equipment supplier lowered outlook.

Bed Bath & Beyond Tumbles 22%, Intuit Reaffirms Outlook

Mukesh Buch
27 Sep, 2018
New York City

Bed Bath & Beyond net declined on higher expenses. Conagra plunged on weak revenues. H.B. Fuller lowered fiscal outlook. Intuit reaffirmed fiscal estimates. McCormick net jumped. Rite Aid net swung to a loss but reaffirmed fiscal outlook.

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