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Hannover Re Earnings Take Hurricane Hit, M&S Steps Up Closures

Sarla Buch
08 Nov, 2017
New York City

HeidelbergCement profit rebounds on cost controls. Hannover Re earnings drop on catastrophic losses. Marks & Spencer said it will step up apparel store closures and slow down stand-alone food store expansion. Symrise jumped on strong growth in pet food and strong demand in new flavor segment.

LGI Homes Report Strong Revenue Growth, Zebra Tech Net loss Narrows

Mukesh Buch
07 Nov, 2017
New York City

Aclaris Therapeutics said net loss in the third-quarter widened. AdvanSix net and profit jumped. CBOE Global Markets net soared. LGI Homes net surged on strong revenue growth. TopBuild net jumped. Zebra Technologies net loss narrowed.

BMW, VW Offer Cautiously Positive Outlook; Asso British Foods Net Soars

Sarla Buch
07 Nov, 2017
New York City

Associated British Foods reported double-digit increase in profit and revenues. BMW net soared and the automaker lifted pretax profit forecast. Legrand lifted fiscal 2017 outlook. Porsche said Volkswagen rose. Veolia Environnement net and revenues increased.

Broadcom Offers $130 B to Qualcomm, Marvell Pursues Cavium

Mukesh Buch
06 Nov, 2017
New York City

Altice USA and Sprint agree to form a wireless partnership. Broadcom offers to buy Qualcomm for $130 billion. Biglari third-quarter net loss narrowed. Marvell Technology is in merger talk with Cavium.

Mylan Missed Earnings Estimate on EpiPen Weakness, Vopak Net Tumbles

Sarla Buch
06 Nov, 2017
New York City

bet-at-home.com declined despite the surge in profit and revenues. Mylan missed profit estimates after sales in EpiPen business declined. Rexel to raise

Apple Surges on Broad Demand Growth Profile, Duke Energy Beats Forecast

Mukesh Buch
03 Nov, 2017
New York City

Ameren net and revenues declined. Apple reported record profit profit surged to record high on growth across every product category and every region of the world. CBRE reported strong financial results. Duke Energy beats estimates. Moody''''s beats earnings and revenues estimate.

Luxe and China Drive L

Sarla Buch
03 Nov, 2017
New York City

AXA revenues declined after weak sales in life and savings business. L''Oreal luxury brand sales jump in China. Smith & Nephew revenues increased. Societe Generale third-quarter profit tumbled 21%.

Alibaba Beats Estimates; CIGNA, DowDuPont, Yum! Brands Net Decline

Mukesh Buch
02 Nov, 2017
New York City

Alibaba results beat estimates and lifted growth outlook. Automatic Data Processing net jumped 9% on 6% increase in revenues. Becton Dickinson net profit surged. CIGNA net plunged 23% but lifted earnings outlook. DowDuPont net tumbled 29%. Yum! Brands net declined 35%.

Playtech Tumbles on Profit Warning, Sanofi Profit Doubles

Sarla Buch
02 Nov, 2017
New York City

BT net declined on higher cost of telecasting rights. Credit Suisse net swung to profit on strong wealth management revenues. Sanofi dropped after weaker-than-expected revenues but profit doubled. Fielmann profit jumped on strong revenues. Playtech tumbled on profit warnings.

Estee Lauder Upbeat on Outlook, Electronic Arts Loss Narrrows

Mukesh Buch
01 Nov, 2017
New York City

Allergan net swung to a loss but revenues jumped 11%. CDW net rose on improved 9% sales. Estee Lauder net soared on upbeat fiscal forecast. Electronic Arts net loss narrowed. New York Times profit surged on digital subscription. Thomson Reuters net soared 21%.

Nordisk Warns on the U.S. New Legislation, Next Lowers Outlook

Sarla Buch
01 Nov, 2017
New York City

Criteo declined on weak forecast. Geberit said profit plummeted 11%. Next tumbled on volatile sales update but lifted pretax profit forecast. Novo Nordisk profit increased on strong demand in diabetic drugs. Weir estimated a slight weakness in profit estimate.

MasterCard Rises on Transaction Volumes, Pfizer Profit Doubled

Mukesh Buch
31 Oct, 2017
New York City

Aetna lifted fiscal outlook. Archer Daniels net tumbled on weak export. American Tower net soared 26%. Cummins dropped on weaker margins despite profit surged. Kellogg beat third-quarter results. MasterCard net grew on higher transaction volumes. Pfizer net doubled.

BP Plans to Launch Stock Buyback, BNP Paribas Drops on Weak Trading Revenues

Sarla Buch
31 Oct, 2017
New York City

Airbus Profit jumped but new order intake declined from a year ago. BNP Paribas fell on lower trading revenues. BP swung to profit on oil prices. Clariant rose on improved business in North America. Ryanair profit surged 11%.

Lennar in $5.7 B Deal with CalAtlantic; CNA Financial, Loews Net Fall

Mukesh Buch
30 Oct, 2017
New York City

ACCO Brands lifted sales outlook. Affiliated Managers net soared on 8% jump in revenues. CNA Financial profit tumbled 58%. Constellation Brands agreed to buy 9.9% stake in Canopy Growth Corp. Lennar agreed to acquire CalAtlantic for $5.7 billion. Loews profit plunged.

Asia Pivot Drives HSBC Profit Higher, Novartis to Buy Nuclear Medicine Maker

Sarla Buch
30 Oct, 2017
New York City

Akzo Nobel approached the U.S.-based Axalta for a possible merger. Glencore lifted full-year profit forecast but cut output estimates. HSBC reported better-than-expected profit from Asian business. Bankia revenues plunged 10%. Novartis agreed to buy Advanced Accelerator for $3.9 billion.

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