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Market Update

Aveva Beats Estimates after Schneider Merger, Bertrand Results Disappoint

Sarla Buch
14 Jun, 2018
New York City

Aveva Group reported strong growth after reverse merger with Schneider Electric. Bertrandt reported disappointing first-half results. Gerry Weber lowered fiscal 2019 outlook. Soitec net surged on 23% jump in revenues.

H&R Block Beats Estimates; Korn/Ferry Intl Jumps, SAIC Declines

Mukesh Buch
13 Jun, 2018
New York City

Crown Crafts profit plunged 25% but revenues surged 31%. H&R Block profit and revenues beats estimates. Korn/Ferry International net soared on 17% jump on revenues.

Glencore to Write-off Kamoto Copper Debt. Sanofi Placed $2 B of Bonds

Sarla Buch
13 Jun, 2018
New York City

Glencore agreed to write off $5.6 billion of debt to settle the dispute with the Congo controlled Gecamines. Sanofi successfully priced its offering of $2 billion of notes.

JetBlue Traffic in May Jumps; Lands' End and RH Surge

Mukesh Buch
12 Jun, 2018
New York City

Casey`s General net tumbled 36% but revenues soared 13%. JetBlue Airways traffic in May 2018 soared 8.9%. John Wiley & Sons net surged on 6% jump in revenues. Lands'' End soared after net loss narrowed on strong revenues. RH surged after net swung to profit.

Casino Guichard to Sell Assets; Valeo and Zurich Insurance Sell Bonds

Sarla Buch
12 Jun, 2018
New York City

Casino Guichard announces

DocuSign Net Loss Widens, VeriFone Misses Earnings Estimates

Mukesh Buch
11 Jun, 2018
New York City

DocuSign net loss widened despite revenues soared. Laboratory Corp acquired Sciformix Corporation without disclosed the financial transaction. VeriFone missed earnings estimates. Urstadt Biddle Properties net declined.

Knauf to Buy USG, U.K. to Approve Sky Comcast Deal

Sarla Buch
11 Jun, 2018
New York City

BCA Marketplace rejected a takeover proposal from a private equity firm. Inmarsat rejected takeover approach from the U.S.-based EchoStar. Knauf agreed to acquire the U.S.-based USG for $7 billion. The U.K. antitrust regulators are set to clear unconditional approval for Sky Comcast deal.

Broadcom, Cooper Beat Estimates; Verint Reaffirms Revenue Outlook

Mukesh Buch
08 Jun, 2018
New York City

Broadcom declined despite profit and revenues beat estimates. Cooper profit tumbled 42%. Lakeland Industries net soared on 6% jump in revenues. Verint Systems net loss narrowed on strong revenues.

Air France May Passenger Count Rises 1%, Lloyds Banking Exits Standard Life

Sarla Buch
08 Jun, 2018
New York City

Air France KLM said May passenger count increased 1%. Lloyds Banking Group sold remaining stake of 3.3% in Standard Life Aberdeen. Whitbread said it may sell or spin off Costa coffee chain or Premier Inn hotels.

Conn's, Five Below Surge on Strong Results; Vail Resorts Lifts Outlook

Mukesh Buch
07 Jun, 2018
New York City

Conn''''s soared after net swung to profit. Five Below surged on quarterly results and the continued store expansion. Smucker net surged but revenues miss estimate. Thor Industries net soared on 12% jump in revenues. Vail Resorts lifted fiscal outlook.

Kering Lifted Gucci Revenue Estimate, China Demand Drives Remy Cointreau Net

Sarla Buch
07 Jun, 2018
New York City

Kering estimated annual revenues in Gucci brand of about

Signet Jewelers Surge on Outlook; Secureworks, Vera Bradley Net Loss Widen

Mukesh Buch
06 Jun, 2018
New York City

Brown-Forman net declined but revenues jumped. KNOT Offshore Partners net and revenues soared. Secureworks net loss widened. Signet Jewelers surged on upbeat outlook. Vera Bradley net loss widened after revenues plunged 10%.

Workspace Group Rides Real Estate Boom, Uniper Reaffirmed Outlook

Sarla Buch
06 Jun, 2018
New York City

Duerr agreed to acquire the environmental business of U.S.-based Babcock & Wilcox Enterprises. RPC Group plans to sell non-core businesses for disposal. Uniper reaffirmed fiscal outlook. Workspace Group net soared on 19% jump in revenues.

HD Supply Net Jumps; Genesco Tumbles

Mukesh Buch
05 Jun, 2018
New York City

Apergy net surged on 23% jump in revenues. Duluth Holdings plunged after net swung to a loss. G-III Apparel surged. Genesco tumbled on weak sales forecast. HD Supply jumped after net and revenues soared.

Philips to Buy U.S. Based EPD Solutions, Soc Gen Sells Spanish Unit to Warburg

Sarla Buch
05 Jun, 2018
New York City

Modwen Properties said home sales surged 31%. Philips Electronics agreed to acquire the U.S.-based EPD Solutions for about