ticker

Darden Sales and Earnings Surge Despite Omicron Disruptions

Mukesh Buch
24 Mar, 2022
New York City

Darden Restaurants, the parent of Olive Garden, said quarter sales rose 41.3% from a year ago quarter to $2.45 billion and earnings jumped 90% to $247 million or $1.93 a share. The restaurant operator plans to pass 3% price hike after commodities prices rose 11% in the quarter.

Stocks in New York Halt 7-Day Advance

Barry Adams
23 Mar, 2022
New York City

Stocks in New York struggled to stay in the positive and halted advance for the seventh day in a row. Crude oil prices jumped 5% and producers worry about demand destruction. Home builder stocks declined on the rising mortgage rates. Adobe fell on earnings outlook.

Tech Heavy Nasdaq Rebounds 2%

Barry Adams
22 Mar, 2022
New York City

The battered and tech heavy Nasdaq index rebounded 2% and extended gains of last week after investors looked beyond rate hike worries. The S&P 500 index added 1.1%.

Dollar General Falls on Lower Outlook, HD Supply, Movado Net Tumble

Mukesh Buch
21 Feb, 2019
New York City

AutoZone first-quarter same store sales jumped. Dollar General declined on lowered fiscal outlook. HD Supply beat sales and profit estimates and lifted fiscal outlook. Movado tumbled despite net tumbled. Toll Brothers profit beats estimates but orders decline.

Accenture Revenues Surges; Conagra, Walgreens Beat Earnings Estimates

Mukesh Buch
19 Feb, 2019
New York City

Accenture declined despite outsourcing services provider lifted fiscal outlook. BlackBerry net swung to profit. Carnival beats earnings estimates. Conagra tumbled after net declined. Herman Miller reported higher-than-expected results. Walgreens reported strong results.

Anglo American Lifts Production Outlook, Euronext to Buy Oslo Exchange

Sarla Buch
19 Feb, 2019
London

Anglo American lifted fiscal 2019 production forecast in Brazil after winning the regulatory approval for production expansion. Euronext intends to acquire Oslo stock exchange. Playtech declined after new Italian tax on gambling may reduce its fiscal operating profit.

Apple iPhone China Sales Declines, Teva Pharma Net Loss Narrows

Mukesh Buch
15 Feb, 2019
New York City

Apple iPhone sales in China declined. Barrick Gold net loss widened on higher cost of sales. Diebold net loss widened despite revenues jumped. FLIR Systems net swung to a loss after revenues declined. Teva Pharma net loss narrowed after revenues plunged.

Barrick Gold Net Loss Widens, Teva Pharmaceutical Net Loss Narrows

Mukesh Buch
13 Feb, 2019
New York City

Barrick Gold fourth-quarter net loss widened to $1.2 billion. Diebold Nixdorf net loss widened to $124 million. FLIR Systems fourth-quarter net swung to a loss of $99 million. Teva Pharmaceutical fourth-quarter net loss narrowed to $2.9 billion.

iPhone China Sales Estimated to Suffer, Teva Pharma Net Loss Narrows

Mukesh Buch
13 Feb, 2019
New York City

Apple iPhone sales in China were estimated to decline sharply. Barrick Gold net loss widened on higher cost of sales. Diebold net loss widened. FLIR Systems net swung to a loss after revenues declined. Teva Pharma net loss narrowed after revenues plunged.

Fred's Net Loss Narrows, Lee Enterprises Profit Surges

Mukesh Buch
31 Jan, 2019
New York City

Fred's net loss narrowed despite net sales dropped. KalVista Pharmaceuticals net loss narrowed but revenues surged. soared. Lee Enterprises net surged 28% but revenues fell. Vince Holding beat earnings estimates.

Lee Enterprises Net Surges; Fred's, KalVista Pharma Net Loss Narrows

Mukesh Buch
31 Jan, 2019
New York City

Fred's third-quarter net loss narrowed to $27 million. KalVista Pharmaceuticals second-quarter net loss narrowed but revenues surged. Lee Enterprises to fourth-quarter net surged 28% to $4 million. Vince Holding third-quarter net soared 94% to $7 million.

LVMH Agrees to Buy Belmond for $3.2 B, Balfour Beatty, GVC, Scout24 Jump

Sarla Buch
31 Jan, 2019
London

Balfour Beatty forecasted profits may beat expectations. LVMH agreed to acquire luxury hotels operator Belmond for $3.2 billion. Scout24 explore to take it private. SThree forecasted gross profit to jump 12%.

Casey's General Stores Net Soars; Ascena Retail, DSW Net Plunge

Mukesh Buch
29 Jan, 2019
New York City

Ascena Retail first-quarter net plunged 14% to $6 million. Casey's General Stores second-quarter net surged 36% to $67 million. DSW third-quarter net plunged 14% to $39 million.

Ascena Retail, DSW Soars, Casey's General Reported Strong Results

Mukesh Buch
29 Jan, 2019
New York City

Ascena Retail net plunged on flat revenues. American Water Works reaffirmed fiscal 2018 forecast. Casey's General reported better-than-expected results. DSW net plunged but lifted fiscal outlook. Enbridge reaffirmed fiscal forecast. Synnex lifted fiscal outlook.

Ashtead, Aurubis Report Strong Results, BPM Sells

Sarla Buch
29 Jan, 2019
New York City

Ashtead beats profit estimates largely because of strong demand for its equipment rental business in the U.S. Banco BPM agreed to sell its

Market Update