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Arcelor Slumps Despite Strong Quarter; Nordstrom, Penney Drop on Industry Woes

Mukesh Buch
12 May, 2017
New York City

ArcelorMittal plunged despite shipments jumped 5.1% and net swung to profit. AdvanSix revenues soared. J C Penney net loss widened on weak comparable sales. Nordstrom reaffirmed fiscal outlook but missed comparable sales estimate.

AstraZeneca Jumps on Imfinzi trial; Richemont, Innogy, Vivendi Net Drop

Sarla Buch
12 May, 2017
New York City

AstraZeneca jumped on positive lung cancer drug trials. Richemont net plunged 46% and launched new program to buy-back up to 10 million shares. Innogy said its UK unit Npower is expected to generate loss this year. ThyssenKrupp lifted forecast.

Macy', Kohl's, and Dillard's Results Send Panic Through Retail Stocks

Mukesh Buch
11 May, 2017
New York City

Brookfield Asset Management revenues jumped. Enbridge profit tumbled 47%. Kohl''s net soared and gross margin improved. Macy''s profit plunged on weak sales and higher inventory. Snapchat net loss widened. Teva net rose.

BT to Eliminate 4,000 Jobs, Deutsche Telekom Net Swings to Profit

Sarla Buch
11 May, 2017
New York City

AEGON net surged on reduction in expense in the U.S. and higher earnings in Asia. BT said it may cut 4,000 jobs in its global services. Deutsche Telekom net swung to profit on strong drive by T-Mobile US. Telefonica net surged on the recovery in Brazil currency.

European Indexes Advance, AXA Plans Listing of U.S. Units

Sarla Buch
10 May, 2017
New York City

AXA said it plans to list its U.S. insurance and asset management units. Compass Group proposed

Coty Acquisitions Drive Sales, Priceline Net Surge But Investors Sell

Mukesh Buch
10 May, 2017
New York City

Coty acquisitions drive sales increase. Cimarex Energy net swung to profit after US shale production surged. Disney profit jumped on strong performance in theme park segment. NVIDIA net surged on strong chip sales. Priceline booking soar but investors sell on sluggish growth.

Duke Energy Net Jump Despite Warmer Winter, Schein Posts Record Profit

Mukesh Buch
09 May, 2017
New York City

Aon net declined. Dean Foods net swung to loss but reaffirmed fiscal forecast. Duke Energy net jumped despite unseasonable mild weather. Henry Schein net surged on lower income tax expense and absence of restructuring costs. Office Depot struggles on weak customer store visits.

E ON Profit Drops on Weak Wind Volumes, Munich Re Reaffirms Outlook

Sarla Buch
09 May, 2017
New York City

Dialog Semiconductor profit plunged. E ON profit declined on weak sales in the U.K. business. GEA Group profit surged 61%. Munich Re reaffirmed outlook after profit soared 29%. Uniper lowered net debt by

Comcast, Charter to Offer Wireless Services, Petmed Soars 22%

Mukesh Buch
08 May, 2017
New York City

AES said net swung to a loss. Coach plans to acquire rival Kate Spade for $2.4 billion. Comcast and Charter plan to market wireless communication services. First Data net swung to profit. ITT reports solid earnings and offers positive guidance. Petmed reported better than expected sales and margins.

Akzo Nobel Rejects Third Hostile Bid from PPG

Sarla Buch
08 May, 2017
New York City

Akzo Nobel rejected third and revised

Cognizant Powers Ahead on Cloud Momentum, Cigna Lifted Forecast

Mukesh Buch
05 May, 2017
New York City

Air Lease revenues rose as new industry order slows and backlog grows worrying supply issues. Cognizant revenues soars but offers softer guidance and ramps up U.S. hiring. CIGNA lifted fiscal forecast and insurer was silent on Anthem petition with the Supreme Court.

European Markets Advance 2%; Vestas Profit Surges, IAG Profit Tumbles

Sarla Buch
05 May, 2017
New York City

The struggling Italian lender Banca Monte dei Paschi net swung to a loss. easyJet said passenger traffic in April jumped 12%. IAG profit tumbled and launched

Facebook Juggernaut Rolls On, Viacom Net Drops 60%

Mukesh Buch
04 May, 2017
New York City

Apache net swung to profit after revenues jumped 73%. Facebook net surged on mobile ads demand and solid user growth. Global Payments net plunged 19% but lifted full-year outlook. Kellogg net jumped 50%. PPL Corp net declined 16%. Viacom profit tumbled 60%.

InBev Struggles in U.S. and Brazil; Societe Generale, Shell Net Jump

Sarla Buch
04 May, 2017
New York City

InBev profit jumped but said it is struggling in the U.S. and Brazil. HSBC profit declined after change in the fair value of debt. Societe Generale net plunged and agreed to pay

With Steady Momentum, Apple Focuses on iPhone 8; Time Warner Net Drops

Mukesh Buch
03 May, 2017
New York City

Apple net and revenues jumped but iPhone sales fell. Clorox lifted earnings forecast. Exelon net surged on 16% jump in revenues. Estee Lauder profit jumped on improved demand. Harris net fell. Intercontinental Exchange net soared. Reynolds net plunged. Time Warner net jumped.

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