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Market Update

American Tower Lifts Outlook on Wireless Data Growth, AES Raises Estimate

Mukesh Buch
27 Feb, 2017
New York City

American Tower lifted revenue outlook. AES net loss widened but estimated average annual growth between 8% and 10%. Gogo surged after net loss narrowed and communication services provider lifted revenues forecast. Sotheby

Primark Strength Drives AB Foods Earnings, Bunzl Net Boosted on M&A

Sarla Buch
27 Feb, 2017
New York City

Associated British Foods sales surged 21% and forecasted Primark sales to jump 11%. Bunzl profit and revenues surged 14% and acquired Singapore-based distributor. Persimmon net soared 20% on improved housing demand. Trinity Mirror profit plunged 10% as print revenue dropped 11%.

HP Enterprise Plunges on Revenue Miss, J C Penney to Close 140 Stores

Mukesh Buch
24 Feb, 2017
New York City

Foot Locker net soared 20% on 6% jump in revenues. Gap net rose 3%. Hilton Worldwide will buy back $1 billion of stocks. Hewlett Packard Enterprise revenues declined 10%. Intuit net tumbled 46%.

British Air Patent Launches Buyback, RBS Loss Widens

Sarla Buch
24 Feb, 2017
New York City

British Air parent launched a share buyback program. Pearson reported largest loss on impairment charge. RBS reported wider-than-expected loss on litigation and restructuring costs. Standard Chartered loss narrowed on cost cuts. Standard Life net soared 33%.

Vale SA Net Surge on Commodities Recovery, Tesla Loss Narrows

Mukesh Buch
23 Feb, 2017
New York City

Apache net loss narrowed on flat revenues. Emcor net plunged 20%. Hormel Foods net was flat. Kohl''s net declined 15%. Pinnacle Foods lifted earnings outlook. Tesla net loss narrowed. Vale net swung to profit on the recovery in commodities markets.

Bouygues, Orange, Peugeot Net Jump; Barclays, Centrica Net Swing to Profit

Sarla Buch
23 Feb, 2017
New York City

Barclays net swung to profit and Barclays Africa agreed to separate. Bouygues net surged 82% and added one million net new mobile customers. Centrica net swung to profit and utility operator said net debt dropped 27%. Orange net jumped 11%, first increase since 2008. Peugeot net surged.

TJX Extends Earnings Win at Retailers, Dish Network Adds Pay-TV Subs

Mukesh Buch
22 Feb, 2017
New York City

Avista net and revenues increased 4%. Copart net jumped 18% on 17% increase in revenues. DISH Network net swung to profit. Morningstar net soared 89%. Southern Co net plunged 27% despite sales surged 45%. TJX net rose 2% and lifted earnings outlook. Wolverine net tumbled 84%.

Burger King to Buy Popeyes; Home Depot and Wal-Mart Results Diverge

Mukesh Buch
21 Feb, 2017
New York City

Burger King agreed to acquire Popeyes for $1.8 billion Dillard''s net plunged 32%. Ecolab net surged 75%. Expeditors net fell 3%. Genuine Parts net dropped 6%. Home Depot lifted sales forecast. Macy''s net declined 13%. Wal-Mart net plunged 18%.

Rising Copper, Oil Prices Lift BHP and Anglo American Net, HSBC Plunges

Sarla Buch
21 Feb, 2017
New York City

Anglo American swung to profit after reduced capital expenditure and rebound in metal prices. BHP Billiton net swung to profit despite massive pre-tax write-downs. HSBC declined after profit and revenues declined. InterContinental Hotels will pay special dividend of $400 million.

Airbus Net Hit On Military Plane Charges; Bayer Faces Monsanto Delays

Sarla Buch
22 Feb, 2017
New York City

Airbus net tumbled 63% and the military contractor plans to renegotiate with European governments. Accor net jumped 9% after sales in France rebound. Bayer said it may face regulatory delays in completing Monsanto deal. Fresenius net surged 21%. Lloyds Banking net soared.

AstraZeneca Sells Zoladex, RBS Abandons Williams & Glyn Sale

Sarla Buch
20 Feb, 2017
New York City

AstraZeneca agreed to sell commercial rights of Zoladex to TerSera Therapeutics. Bertrandt net plunged 27%. Bovis Homes set aside

Kraft Pursues as Unilever Rejects; Campbell Sales Suffer with Fresh Troubles

Mukesh Buch
17 Feb, 2017
New York City

Campbell Soup net tumbled on problems in fresh division. Deere & Co lifted net income forecast on expected recovery. Fannie Mae net swung to profit. Nu Skin plunges on disappointing sales trend. Kraft Heinz offered $143 billion to rival but Unilever.

Kraft Heinz Puts Unilever in Play, Allianz and Aegon Net Jump

Sarla Buch
17 Feb, 2017
New York City

Allianz profit soared 23% after strong result in the property and casualty segment. Aegon net swung to profit. Essilor International net and revenues jumped. Unilever received $143 billion takeover proposal from Kraft Heinz Co.

Snap Seek $22 B IPO Valuation; Verizon, Yahoo Settle on Renegotiated Deal

Mukesh Buch
16 Feb, 2017
New York City

Avon plunged 16% after revenues declined 2%. Duke Energy net swung to a loss. Dean Foods plummeted 8%. Hyatt net jumped 11%. Laboratory Corp net soared 68%. Marriott net surged 21%. Verizon and Yahoo are nearing a deal at a lower price.

Air France Results Lift Airlines; Cobham Tumbles on Another Profit Warning

Sarla Buch
16 Feb, 2017
New York City

Air France KLM net soared 31%. Cobham tumbled after taking charges and issuing fifth profit warning in two years. Coca-Cola HBC net surged 23%. Lancashire net plunged 15%. Nestle net declined 7%. Schneider Electric profit surged 24%.