Market Update

Renault in Landmark Deal with Iran, PostNL Net Tumbles

Sarla Buch
07 Aug, 2017
New York City

Banco Bpm net swung to profit and agreed to sell its Aletti Gestielle unit to Anima Holding for

Activision, Motorola Lift Outlook, Duke Energy Reports Strong Earnings

Mukesh Buch
04 Aug, 2017
New York City

Activision lifted revenues outlook. Ameren net surged on 7% jump in revenues. CBOE Holdings net soared 33%. CIGNA net surged 59%. Consolidated Edison net declined 25% on flat revenues. Duke Energy net jumped. Motorola lifted revenues forecast. Sempra Energy net jumped.

Allianz and Swiss Re Results Diverge; Paysafe Agrees to $3.9 B Offer

Sarla Buch
04 Aug, 2017
New York City

Andritz plunged on lowered sales estimate. Aon profit surged. Allianz acquired 49% stake in general insurance unit of Liverpool Victoria. Deutsche Telekom net tumbled 57%. Paysafe agreed to go private for $3.9 billion. RBS net swung to profit. Swiss Re profit declined 37%.

Aetna Exits from Health Exchanges; Teva Tumbles on Lower Outlook

Mukesh Buch
03 Aug, 2017
New York City

Aetna lifted fiscal outlook and announced to leave U.S. managed healthcare exchanges. Apache net swung to profit. Becton Dickinson net swung to a loss. Cognizant net surged on strong demand in cloud services. DISH Network net tumbled. Teva Pharma net swung to a loss of $6 billion.

Aviva Lifts dividend, UniCredit Net Rises on Higher Fees

Sarla Buch
03 Aug, 2017
New York City

Aviva profit surged on strong growth in general insurance business. Cobham swung to profit on flat revenues. LSE raised dividend. Neste net plunged but revenues soared. Siemens profit was ahead of expectations but larger order volume declined. UniCredit net benefited from higher fees.

Apple China Sales Declines; Humana Lifts Outlook

Mukesh Buch
02 Aug, 2017
New York City

Apple net soared on strong iPhone sales. Cardinal Health net declined and lowered fiscal outlook. Exelon reaffirmed fiscal forecast. Humana lifted fiscal outlook. Southern Co net more than doubled. Time Warner revenues soared.

Rio Tinto Expands Buyback Plan, Societe Generale Profit Tumbled 21%

Sarla Buch
02 Aug, 2017
New York City

Asda reported eleventh consecutive quarterly loss in sales. BAE Systems revenues soared. Hugo Boss reaffirmed stable full-year outlook. Rio Tinto expanded share buyback plan. Societe Generale net tumbled on litigation cost.

US Auto Sales in July Decline; Pfizer Net Surges, Thomson Reuters Net Falls

Mukesh Buch
01 Aug, 2017
New York City

Archer Daniels sales fell. Ecolab net soared and raise fiscal outlook. Fiat Chrysler, Ford, GM July auto sales declined on weak passenger cars demand. Pfizer net surged and reaffirmed fiscal 2017 outlook. Thomson Reuters net plunged 41% on flat revenues.

BP Profit Rises and Debt Soar on Gulf Oil Spill Payouts; Centrica Net Tumbles

Sarla Buch
01 Aug, 2017
New York City

BP net swing to profit on 32% jump in revenues. Centrica net tumbled despite weak energy demand due to warm weather. HeidelbergCement sales and profit surged and reaffirmed fiscal forecast. Koninklijke DSM net and revenues surged. Rolls-Royce net swung to profit

Discovery in $14.6 B deal with Scripps, Loews Net Swings to Profit

Mukesh Buch
31 Jul, 2017
New York City

CNA Financial beats profit forecast despite weak revenues. Discovery Communications agreed to acquire the Scripps Networks for $14.6 billion. Dana lifted sales forecast. Loews net swing to profit. Roper Technologies net jumped.

HSBC Ramps Up Share Buy Back, Sanofi Lifts Earnings Outlook

Sarla Buch
31 Jul, 2017
New York City

bet-at-home.com profit doubled on 18% jump in revenues. Coats Group raised dividend after increase in earnings. HSBC beats profit estimate and announced third share buyback in a year. Sanofi lifted earnings outlook.

Redfin IPO Surges 36%; Chevron, Exxon Net Jump, Amazon Net Drops

Mukesh Buch
28 Jul, 2017
New York City

Amazon net tumbled on higher spending but revenues surged. American Airlines net declined 16%. Chevron net swung to profit on cost reduction. Exxon Mobil net doubled. Merck lifted revenue forecast. Rockwell net plunged 16%. Redfin surged on the first day of trading.

Barclays Swings to Loss; Credit Suisse, Renault Net Jump

Sarla Buch
28 Jul, 2017
New York City

BT blamed profit decline in the first-half on accounting scandal in Italy. Barclays swung to net loss on charges related to Africa operations and rising claims linked to fraudulent insurance selling. Credit Suisse posted better-than-expected profit. Eni swung to profit.Renault lifted sales forecast.

Facebook Net Soars 70%, MasterCard Revenues Rise 13%

Mukesh Buch
27 Jul, 2017
New York City

American Tower net soared. Bristol-Myers lowered earnings outlook after profit plunged. Celgene net surged. Comcast revenues jumped 10%. ConocoPhillips net loss widened. Dow Chemical net tumbled. Facebook advertising revenues surged. MasterCard net soared. P&G net jumped.

AstraZeneca Falls on Cancer Drugs Trial Failure; LVMH and Dior Soar

Sarla Buch
27 Jul, 2017
New York City

AstraZeneca tumbled 16% after the company said its lung cancer trials failed to meet expectations. Christian Dior net surged. Diageo jumped on higher margin and buyback plan. Deutsche Bank profit surged but warned on revenue outlook. LVMH sales soared. Lloyds Banking set aside additional