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Accenture Rides Cloud Revenue Surge; Conagra, McCormick Net Tumble

Mukesh Buch
28 Sep, 2017
New York City

Accenture net declined but digital and cloud services revenues surged. BlackBerry net swung to profit on record software sales. Conagra reported strong result but net tumbled. McCormick net plunged 15%. Vail Resorts net loss narrowed. Rite Aid net surged.

Summer Discounts Hurt H & M Profit, TUI Reaffirms Outlook

Sarla Buch
28 Sep, 2017
New York City

Borussia Dortmund net tumbled 72%. H & M profit dropped on summer discount and the retailer missed sales estimate. Imperial Brands estimated strong growth in revenues and profit in the year. TUI reaffirmed fiscal 2017 outlook. SSP said revenues in the fourth-quarter soared 15%.

Nike Fall on Flat Revenues, Micron Tech Net Swings to Profit

Mukesh Buch
27 Sep, 2017
New York City

Actuant net swung to a loss on flat revenues. Cintas lifted fiscal outlook. Landec net and revenues declined. Micron Technology net swung to profit on higher sales and memory prices. Nike net plunged 24% on flat revenues. Worthington Ind net plunged 20%.

Alstom, Siemens to Merge Rail Business, EU fines Scania for Price cartel

Sarla Buch
27 Sep, 2017
New York City

Boohoo.Com profit surged but the increase failed to meet analysts

Alibaba to Expand Global Logistic Network; Red Hat Net Soars

Mukesh Buch
26 Sep, 2017
New York City

Alibaba plans to increase its stake in Cainiao and expand its global logistic network. Ascena Retail net swung to a loss and lowered fiscal outlook. Darden reaffirmed fiscal forecast. FactSet net tumbled but revenues surged. Red Hat net soared. SYNNEX net jumped.

Nestle Reveals Profit Estimate and Accelerate Share buybacks

Sarla Buch
26 Sep, 2017
New York City

AA profit surged 46% but lowered fiscal profit forecast. A.G. Barr net slumped 6% but revenues jumped 9%. Close Brothers declined on weak profit. Carnival net declined and lowered earnings outlook. Nestle reveals profit target and accelerate $20.65 billion in share buybacks.

Genuine Parts Acquires Alliance Automotive, Horton Lowers Cash Flow Estimate

Mukesh Buch
25 Sep, 2017
New York City

D. R. Horton lowered its fiscal 2017 cash flow estimate. Genuine Parts agreed to acquire the U.K.-based Alliance Automotive for $2 billion. GE agreed to sell its industrial solutions unit to ABB for $2.6 billion. KKR raised its offer for Pepper Group.

ABB Buys GE Solutions for $2.6 B, Unilever in

Sarla Buch
25 Sep, 2017
New York City

ABB agreed to buy GE solutions unit for $2.6 billion. Aldi reported record sales and continues to open new stores. Imagination Technologies agreed to be acquired for

Time Inc Ramps Up Asset Sale, CarMax Vehicle Sale Surge Lifts Earnings

Mukesh Buch
22 Sep, 2017
New York City

CarMax beats earnings and revenues estimate on higher vehicle unit sales. The Finish Line soared despite profit and revenues declined. Presidio security and cloud business soared but net swung to a loss. Time Inc plans to sell some assets including Time UK.

Airbus Opens New Facility in China, Rio Tinto Expands Share Repurchase Plan

Sarla Buch
22 Sep, 2017
New York City

Airbus unveiled new finishing center in Tianjin, China. Air Berlin is in advanced talks with Lufthansa and Easyjet. Rio Tinto increased its share repurchase program by $2.5 billion to $4 billion. Smiths Group beats profit estimate. Saga raised interim dividend.

Toshiba Sells Memory Unit for $18 B, Alphabet to Buy Pixle

Mukesh Buch
21 Sep, 2017
New York City

Calgon Carbon agreed to be acquired for $1.1 billion. Alphabet plans to buy Pixel smartphone business for $1.1 billion from HTC. Herman Miller net plunged 9%. Scholastic net loss widened but reaffirmed fiscal outlook. Toshiba agreed to sell memory business for $18 billion.

CRH Expands in U.S., Fortum Accelerates Renewable Consolidation in Europe

Sarla Buch
21 Sep, 2017
New York City

Capita tumbled after net declined 52%. CRH agreed to buy the U.S.-based Ash Grove Cement for $3.5 billion. Fortum plans to offer

Cloud Services Lift Adobe Revenues, FedEx Lowers Fiscal Outlook

Mukesh Buch
20 Sep, 2017
New York City

AAR net soared 12% on 9% jump in revenues. Adobe profit surged 55% on cloud subscriber growth. Analogic net swung to a loss after revenues plummeted 19%. Bed Bath & Beyond results suffered on growing online competition. Copart net declined. FedEx net dropped 17%.

Thyssen, Tata Steel to Merger European Businesses, Zara Profit Soars

Sarla Buch
20 Sep, 2017
New York City

Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.

Walgreens Wins Revised Approval for Rite Aid, AutoZone Rally Fizzles

Mukesh Buch
19 Sep, 2017
New York City

AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.

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