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Conagra Net Beats Estimates; Paychex Shines, CarMax Growth Slows

Mukesh Buch
21 Dec, 2017
New York City

Apogee tumbled after lowering profit estimate. CarMax revenues jumped but the growth slowed mirroring industry trend. Conagra sales and net beat estimates driven by hurricane fueled demand. Lindsay net surged. Paychex beat profit and revenue estimate.

Accenture Lifts Outlook, Nokia Signs Patent Deal with Huawei

Sarla Buch
21 Dec, 2017
New York City

Accenture reported strong quarterly results and also healthy order pipeline. Balfour Beatty sells 12.5% stake in M25 toll road operator and the infrastructure developed lifted 2017 profit forecast. Nokia signed multi-year patent license contract with Huawei.Statoil extend plans for Snorre oilfield.

General Mills Lifts Outlook, Micron Technology Revenue Surges

Mukesh Buch
20 Dec, 2017
New York City

Actuant reaffirmed fiscal 2018 outlook. BlackBerry net loss widened after sales declined 22%. General Mills lifted net sales forecast. Micron Technology net and revenues surged. Red Hat net soared 49% on 22% jump in revenues. Rev Group profit soared.

Banco BPM Sells Troubled Loans, Iliad Acquires Stake in Ireland Based Telco

Sarla Buch
20 Dec, 2017
New York City

Banco BPM sell non-performing unsecured credit portfolios for

Darden Lifts Outlook, Navistar Sales in U.S. and Canada Jump

Mukesh Buch
19 Dec, 2017
New York City

Darden Restaurants lifted fiscal outlook. FactSet plunged 8% despite reporting rising revenues. Longfin tumbled after buying a blockchain Ziddu.com. Navistar jumped on higher sales in Canada and in the U.S. Tenet explore to sale of its Conifer unit. Worthington net declined 16%.

Ceconomy Beats Profit Forecast, Old Mutual Sells Buxton UK Fund

Sarla Buch
19 Dec, 2017
New York City

Ceconomy net profit soared. China owned Tsinghua increased its stake in Dialog Semiconductor. Fresenius plans to acquire the U.S.-based Akorn in early 2018. Old Mutual agreed to sell asset management unit for

Humana Pursues Kindred Healthcare, Oracle to Acquire Australia Based Aconex

Mukesh Buch
18 Dec, 2017
New York City

Hershey to acquire Amplify Snack for $1.6 billion. Humana and private equity firms are in preliminary talks to buy Kindred Healthcare. Oracle agreed to acquire Australia-based Aconex for $1.2 billion. Penn National Gaming to buy Pinnacle Entertainment in $2.8 billion.

Thales to Buy Gemalto for

Sarla Buch
18 Dec, 2017
New York City

The European Commission said it plans to investigate preferential tax for Ikea retail operation. Norway- based Statoil agreed to buy 25% stake in Brazil-based Roncador. Thales agreed to acquire Gemalto for

Disney Acquires 21st Century Fox; Adobe, Costco and Oracle Beat Estimates

Mukesh Buch
15 Dec, 2017
New York City

Adobe Systems beats profit estimates. Costco reported strong results. Disney agreed to acquire Twenty-First Century Fox for $52.4 billion. Jabil net plunged but revenues jumped. Oracle declined despite profit beats.

CropEnergies Struggles with Profitability, H&M Dropped 12% on Sales Weakness

Sarla Buch
15 Dec, 2017
New York City

CropEnergies lowered operating profit forecast after profit declined 33%. Hennes & Mauritz declined on weak sales and said it plans to close stores. SThree beat full-year profit estimate.

Danaher Reaffirms Fiscal Outlook, Target Buys Grocery Delivery Service Shipt

Mukesh Buch
14 Dec, 2017
New York City

Danaher reaffirmed fiscal 2018 outlook. Nordson lifted fiscal 2018 sales forecast. Pier 1 Imports tumbled after profit plunged 46%. Sanderson Farms reported lower-than-expected results. Scholastic sales and profit declined but reaffirmed fiscal 2018 forecast.

Capita Tumbles Profit Growth Worries, Lonmin Accepts South African Bid

Sarla Buch
14 Dec, 2017
New York City

Capita tumbled on subdued outsourcing market outlook. Dassault terminated Silvercrest engine contract with Safran. Innogy lowered fiscal 2017 and 2018 outlook. Lonmin agreed to be acquired by South Africa-based Sabanye for

Civitas Plunges on Impairment Charges, Lennox Offered Optimistic Outlook

Mukesh Buch
13 Dec, 2017
New York City

Arrowhead Pharmaceuticals net loss narrowed. Civitas Solutions booked $31 million of impairment charges. Lennox International offered cautiously optimistic outlook. Mongodb subscription revenue surged.

Metro Offers Cautious Outlook; Aurubis Net Surges but TUI Net Drops 38%

Sarla Buch
13 Dec, 2017
New York City

Aurubis forecasted stable outlook for copper products in fiscal 2018. Dixons Carphone profit suffers on weak demand for mobile phones. Metro net declined following spinoff transaction. NCC revised higher charges in construction projects. TUI profit declined.

Boeing Lifts Dividend and Expands Stock Buy Back, Casey

Mukesh Buch
12 Dec, 2017
New York City

3M plans to sell its optical fiber business to Corning for $900 million. Boeing lifted dividend and expanded share buyback to $18 billion. Casey''s General lowered fiscal 2018 forecast. KMG Chemicals net rose. RMR Group net tumbled 32%.

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