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HP Profit Jumps on Rising Demand, Salesforce Beats Estimates

Mukesh Buch
30 May, 2018
New York City

Analog Devices net surged on 32% jump in revenues. Chico''s tumbled on weak results. DICK''S Sporting surged after lifted fiscal outlook. HP profit jumped on strong demand. Salesforce reported stronger-than-expected results.

Bayer Asked to Divest $9 B Assets, Vivendi Loses Soccer Broadcasting Rights

Sarla Buch
30 May, 2018
New York City

U.S. antitrust regulators asked Bayer to sell $9 billion of assets as a part of the deal to clear Monsanto acquisition. China controlled private equity fund won French soccer broadcasting rights.

Booz Allen, American Woodmark, Momo, Multi-Color Soar

Mukesh Buch
29 May, 2018
New York City

Advanced Drainage Systems net soared. American Woodmark soared on strong quarterly result. Booz Allen forecasted higher revenue growth after profit jumped 28%. Momo profit and revenues surged.

Vedanta Ordered to Close Plant in India, Elior Net Drops

Sarla Buch
29 May, 2018
New York City

Dixons Carphone declined on profit warning. Elior Group slumped on weak outlook after profit tumbled 36%. Rocket Internet net swung to profit on strong revenue growth. Tamil Nadu state in India ordered Vedanta Resources to close its local copper smelter plant permanently.

Swiss Re Ends Stake Talk with SoftBank, Sixt Leasing Net Falls

Sarla Buch
28 May, 2018
New York City

Germany-based medical technology products maker MUT reported rising profit and held out for positive outlook. Smiths Group is in preliminary talk to sell its medical division with the U.S.-based ICU Medical. Sixt Leasing net fell. Swiss Re ended minority stake talks with Japan-based SoftBank.

Gap, Hibbett Sports, Ross Stores Decline but Foot Locker Surges

Mukesh Buch
25 May, 2018
New York City

Autodesk lowered fiscal 2019 outlook. Buckle fell, Gap tumbled on disappointed results and Hibbett Sports tumbled after missing estimates. Rose Stores plummeted but Foot Locker earnings were ahead of expectations.

Bayer Trims Monsanto Synergy Estimate, GVC Offers Positive Outlook

Sarla Buch
25 May, 2018
New York City

Aeroports De Paris a construction contract for Sharjah Airport. Bayer cuts its Monsanto synergy estimated to $1.2 billion. GVC estimated positive outlook for the current year.

Best Buy Results Exceed Expectations, Williams-Sonoma Soars on Revenue Beat

Mukesh Buch
24 May, 2018
New York City

Best Buy net surged on 7% jump in revenues. Brady Corp issued cautious outlook. L Brands lowered fiscal outlook after profit tumbled 50%. McKesson

Deutsche Bank to Eliminate 7,000 Jobs, Deutsche Telekom Net Soared

Sarla Buch
24 May, 2018
New York City

Swiss bakery products maker Aryzta tumbled after the company lowered its outlook and operating margins. Deutsche Bank plan to eliminate equities 7,000 jobs and lower its risk capital. Deutsche Telekom profit surged but revenues declined.

Hewlett Packard Revises Outlook; Intuit and Ralph Lauren Advance

Mukesh Buch
23 May, 2018
New York City

Hewlett Packard reported strong second-quarter results. Intuit earnings beat estimates. Tiffany reported better-than-expected first-quarter results. Target declined after first-quarter earnings missed expectations. Urban Outfitters net surged 245%.

Marks & Spencer to Close More Stores, Julius Baer Asset Flows Pick Up

Sarla Buch
23 May, 2018
New York City

CTS Eventim revenues advance on rising ticketing activities. Julius Baer said asset under management advanced strong inflows in Europe. Marks & Spencer profit tumbled on weak revenues. Vapiano said net loss in the quarter narrowed.

TJX Estimates 20% Jump in Earnings, Toll Brothers Home Deliveries Soar

Mukesh Buch
22 May, 2018
New York City

Advance Auto Parts net soared but sales fell. AutoZone earnings beat estimates. Cracker Barrel profit and revenues jumped. Dycom tumbled on lowered outlook. Kohl`s traded lower. TJX estimated 2019 earnings to jump 20%. Toll Brothers net surged.

Big Yellow Net Surges; Evotec and Celgene in Oncology Partnership

Sarla Buch
22 May, 2018
New York City

Big Yellow net surged. Evotec and Celgene signed strategic oncology partnership. Greencore reported strong revenues growth. HomeServe profit soared after the U.S. customer count jumped 20%.

GE to Merge Engine Unit with Wabtec, Fifth Third Buys MB Financial

Mukesh Buch
21 May, 2018
New York City

Blackstone agreed to acquire LaSalle Hotel $4.8 billion. Fifth Third Bancorp agreed to buy MB Financial in $4.7 billion. GE will merge its transportation business with Wabtec for $11 billion. Micron Technology lifted third-quarter revenues and profit forecast.

British Air Parent Pursues Norwegian Shuttle, Ryanair Lowers Profit Estimate

Sarla Buch
21 May, 2018
New York City

EDF is reported to be in talks to sell its 49% stake in the U.K.-based wind farms business. The U.K. competition regulator plans to investigate the proposed merger of two retailers Sainsbury and Asda. Ryanair warned fiscal 2019 profit is likely to be affected by higher energy prices.

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