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Steady Rise in Loans and Deposits at Citigroup, UnitedHealth Net Doubles

Mukesh Buch
16 Jan, 2018
New York City

Avis Budget declined on weak revenue forecast. Citigroup reported loss of $18.3 billion on one-time charges linked to federal tax overhaul. Comerica net plunged 31%. First Republic missed revenues estimates. UnitedHealth profit more than doubled after one-time tax benefit.

BP Records Additional Deep Water Charges in 2017, HIS Markit Beats Estimates

Sarla Buch
16 Jan, 2018
New York City

BP recorded additional $1.7 billion charges linked to Deepwater Horizon disaster. Ericsson wrote down 14.2 billion kronor. Greggs issued cautious fiscal outlook. Hugo Boss quarterly sales benefited from the strength in the U.S. IHS Markit beats fourth-quarter estimates.

Emirates No May End A380, Carillion Files Liquidation

Sarla Buch
15 Jan, 2018
New York City

Airbus may be forced to abandon, once heralded as showpiece, A380 superjumbo passenger aircraft production. U.K. based Carillion files for liquidation. Metso warned of weak fourth-quarter profit. Renault said annual vehicle sales jumped 4%. William Hill beats profit estimates.

Emirates No May End A380, Carillion Files Liquidation

123jump.com Staff
15 Jan, 2018
New York City

Airbus may be forced to abandon, once heralded as showpiece, A380 superjumbo passenger aircraft production. U.K. based Carillion files for liquidation. Metso warned of weak fourth-quarter profit. Renault said annual vehicle sales jumped 4%. William Hill beats profit estimates.

Blackrock, JP Morgan, PNC and Wells Fargo Power Ahead

Mukesh Buch
12 Jan, 2018
New York City

BlackRock profit surges ahead as asset base expands. JPMorgan takes $2.4 billion tax bill related one-time charges. PNC Financial beats earnings estimate. Shaw Communications net soared 28%. Wells Fargo takes $3.25 billion litigation related charges.

GKN Rejects

Sarla Buch
12 Jan, 2018
New York City

B&M reported strong sales in holiday period. Carrefour agreed to buy 17% stake in Showroomprive.com. GKN rejected

Delta Air, KB Home, Progress Software Jump

Mukesh Buch
11 Jan, 2018
New York City

Delta Air Lines reported better-than-expected profit. JetBlue December traffic and capacity increased. KB Home profit and revenues surged. Meredith extended tender offer to buy Time Inc for $18.50 per share. Progress Software surged after net swung to profit.

Richemont Sales Edge Up 1%, HELLA and Boohoo.com in Focus

Sarla Buch
11 Jan, 2018
New York City

AO World domestic revenues jumped. Boohoo reported record revenue increase during holiday period. HELLA profit jumped on strong segment sales growth. Pandora tumbled on gloomy outlook. Richemont missed expectations as sales rose slightly.

Lennar Misses Earnings Estimates, Supervalu, SYNNEX Tumble

Mukesh Buch
10 Jan, 2018
New York City

CalAtlantic said new homes delivered in the last quarter jumped 5%. Lennar misses profit estimate. MSC Industrial offered upbeat earnings and sales outlook. Supervalu tumbled despite net swung to profit. SYNNEX plunged. VOXX International net surged.

CropEnergies Reaffirms Outlook, Sainsbury's Lifts Profit Forecast

Sarla Buch
10 Jan, 2018
New York City

Big Yellow Group revenues jumped 7%. CropEnergies reaffirmed fiscal 2018 revenue forecast. Continental estimated offered cautious outlook for 2018 sales. PageGroup beats profit estimates. Sainsbury lifted profit estimate after holiday sales.

Target Lifts Earnings Outlook, Barracuda Net Soars

Mukesh Buch
09 Jan, 2018
New York City

Acuity Brands tumbled after net income and sales declined. Barracuda profit surged on strong subscription revenues. Schulman revenues surged. Schnitzer Steel net swung to profit as revenues jumped. Target lifted fiscal earnings and same store sales forecast.

Altice Plans to Spin-off U.S. Unit, Morrison Holiday Sales Jump

Sarla Buch
09 Jan, 2018
New York City

Altice plans to spin-off its U.S. business as the cable operator struggles with heavy debt load. Continental AG is said to explore restructuring. Games Workshop net more than doubled on strong sales growth. Safestore net declined. Morrison offered upbeat estimate on holiday sales.

GoPro to Exit Drone Business, Kohl's Holiday Sales Jump 6.9%

Mukesh Buch
08 Jan, 2018
New York City

Celgene agreed to acquire privately-held Impact Biomedicines for $1.1 billion. GoPro said it will exit from drone business after weak sales and demand. Helen of Troy net swung to a loss. Haverty Furniture sales declined. Kohl''s said holiday sales jumped 6.9%.

Dialog Semi Beats Revenue Estimate, Trigano Profit Soars

Sarla Buch
08 Jan, 2018
New York City

AO World net swung to a loss and revenues soared 13%. Dialog Semiconductor sales were ahead of the latest forecast. Micro Focus International tumbled after reaffirming fiscal 2018 revenues to decline. Trigano profit and revenues soared.

Constellation Brand Misses Sales Estimate, Greenbrier Beat Estimate

Mukesh Buch
05 Jan, 2018
New York City

Constellation Brands sales missed estimates. Cal-Maine Foods net loss widened. Franklin Covey reaffirmed fiscal 2018 forecast. Greenbrier net jumped 5%. Lamb Weston beats profit forecasts. Shiloh tumbled after net swung to a loss.

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