ticker

H&M Profit Tumbles, 888 Holdings Net Swings to Profit

Sarla Buch
27 Sep, 2018
New York City

888 Holdings net swung to profit. CVS Group net declined despite revenues surged 20%. Hella GmbH reported strong results. The fashion retailer H&M profit tumbled on extraordinary costs of major shifting. Saga profit increased on strong travel business.

CarMax, Cintas, KB Home Ease; Nike Trims Expectations on Stronger Dollar

Mukesh Buch
26 Sep, 2018
New York City

Actuant industrial conglomerate reaffirmed fiscal outlook. AAR government and defense segment sales surged. CarMax beats expectations.Cintas earnings were ahead of expectations. KB Home net soared. Nike said stronger dollar will affect earnings growth.

BMW Lowers Outlook on Trump Tariffs, AA Plunges 12%

Sarla Buch
26 Sep, 2018
New York City

AA Plc tumbled after profit declined 64%. BMW lowered fiscal revenues and profit forecast and cited global trade tensions and tougher emission tests. FairFX reported better-than-expected results. Mitie plunged on weak outlook.

FactSet Net Rises 16%, Jabil Circuit Net Swings to Loss

Mukesh Buch
25 Sep, 2018
New York City

Ascena Retail jumped on strong comparable store sales. Ennis net soared 13%. FactSet Research net jumped after revenues increased. Jabil Circuit net swung to a loss.

UK Retailer Next Surges on Improved Forecast, Medios Sales Surge 24%

Sarla Buch
25 Sep, 2018
New York City

RAG-Stiftung acquired more shares in its subsidiary Evonik Industries. Medios profit declined but revenues soared. Next Plc lifted profit estimate on the back of rising sales in warmer than usual summer.

Darden Lifts Growth Outlook; Thor Ind Net Plunges, Red Hat Drops

Mukesh Buch
20 Sep, 2018
New York City

Darden Restaurants net jumped and lifted fiscal outlook. Herman Miller beat earnings estimates. Red Hat net plunged 10% but revenues surged. Thor Industries tumbled on weaker-than-expected results.

Home Builder Kier Report Record Orders, Rocket Internet Swings to Profit

Sarla Buch
20 Sep, 2018
New York City

Kier Group reported higher-than-expected revenues. Rio Tinto plans to return $3.2 billion through share through buy back. Rocket Internet swung to profit. Tom Tailor tumbled on profit warning.

Copart Takes Hurricane Harvey Hit, EnviroStar Completes Acquisitions

Mukesh Buch
19 Sep, 2018
New York City

A-Mark Precious Metals revenues soared. Copart missed earnings estimates. EnviroStar said it completed acquisitions of Industrial Laundry Services and Scott Equipment.

Adecco Issues Weaker Outlook; Kingfisher Net Plunges 29%

Sarla Buch
19 Sep, 2018
New York City

Adecco said revenues growth in the third-quarter slowed. Babcock International jumped on positive outlook. Kingfisher net tumbled on weak sales. Schaeffler reaffirmed fiscal 2018 outlook.

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.

Market Update