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Record Earnings at GM, Kors Plunges on Weak Hand Bag Sales Outlook

Mukesh Buch
07 Feb, 2017
New York City

Arrow Electronics plunged on weak outlook. Archer Daniels net tumbled 41%. Cardinal Health profit slid but revenues jumped. Church & Dwight net rose. GM profit plunged 71% while revenues soared 11%. Intercontinental Exchange net surged 12%. Omnicom net jumped.

BP Earnings at 10-Year Low as Oil Struggles to Rally, StatOil Loss Widens

Sarla Buch
07 Feb, 2017
New York City

BP net swung to profit and revenues jumped 6%. BNP Paribas profit surged 15%. Hannover Re said preliminary net income rose 2% to

Higher Ad Revenues Lift 21st Century Fox, Lowe's Net Swing to Profit

Mukesh Buch
06 Feb, 2017
New York City

FMC net swung to profit and revenues fell 4%. Twenty-First Century Fox net surged 27%. Hasbro net and revenues jumped. Lowe''s net swung to profit. Sysco revenues surged 11%. Tyson Foods net soared 29%.

Construction Group Skanska Net Rises, Metro Net Tumbles 64%

Sarla Buch
06 Feb, 2017
New York City

Banco Popular net swung to a loss on bad loans and higher provisions. Fingerprint Cards forecasted average annual growth of about 20% up to 2019. Skanska net rose 7% and plan to divest A1 motorway project in Poland. Intesa Sanpaolo net surged. Metro net tumbled 64%.

Ralph Lauren CEO to Step Down, Facebook Advertisement Revenue Jumps 53%

Mukesh Buch
02 Feb, 2017
New York City

Becton Dickinson net more than double. ConocoPhillips net loss narrowed. Facebook net more than double after advertisement revenues soared 53%. L Brands comparable store sales decline 4%. Merck net soared 23%. Philip Morris net surged. Parker-Hannifin net jumped 32%.

AstraZeneca, Nokia, Shell Profit Surge; Reckitt Offers $17 B to Mead Johnson

Sarla Buch
02 Feb, 2017
New York City

AstraZeneca profit more than doubled but revenues decline 13%. Deutsche Bank net loss narrowed. Daimler net surged 19%. Nokia profit and revenues soared. Reckitt Benckiser is in talks to buy the U.S.-based baby milk producer Mead Johnson for $17 billion.

Altria Offers Cautious Outlook, Acquisition Powers Energizer Results

Mukesh Buch
01 Feb, 2017
New York City

Altria net surged on SAB Miller deal but revenues declined 1.4% and fell short of expectations. Baxter net soared 19%. Celanese net swung to profit. Energizer profit tumbled 57%. Ingersoll-Rand net plunged 15%. Johnson Controls net plummeted 27%. Tupperware profit surged 36%.

Siemens, Volvo Net Soar; Electrolux Net Swings to Profit

Sarla Buch
01 Feb, 2017
New York City

Electrolux net swung to profit and the consumer appliance maker lifted dividend. Julius Baer adjusted group net profit more than doubled. Siemens lifted earnings forecast. Wacker Chemie net tumbled 21%. Volvo profit soared 86%.

Exxon Profit Down on Write-downs, MasterCard Cross-border Volumes Jumps

Mukesh Buch
31 Jan, 2017
New York City

Aetna net tumbled 57%. Danaher reaffirmed earnings forecast. Exxon Mobil reports healthy profit despite impairment charges. Eli Lilly lowered earnings forecast. MasterCard net jumped. Pfizer net swung to profit. United Parcel net swung to a loss.

Shell Divests North Sea and Thailand Assets, UniCredit Loss on Write Down

Sarla Buch
31 Jan, 2017
New York City

Deutsche Bank agreed to settle anti-money-laundering investigation with $630 million payment. Givaudan said sales and profit jumped. H&M net soared 7%. Ocado said pre-tax profits soared. Royal Dutch Shell divested assets in the North Sea and Thailand for

Tempur Sealy Plunges 23%, Fitbit Lowers Outlook Again

Mukesh Buch
30 Jan, 2017
New York City

Affiliated Managers net rose 2% but revenues declined 7%. Booz Allen net tumbled 49% and the engineering consultant lifted revenues forecast but lowered earnings estimate. Enterprise Products net dropped 4%. Fitbit tumbled after weak revenues forecast.

VW Leads in Worldwide Sales, UK Lowered its Lloyds Stake to 5%

Sarla Buch
30 Jan, 2017
New York City

The U.K. Treasury reduced its stake in Lloyds to less than 5%. Sartorius estimated revenues to soar 18% and net to surge 24%. Volkswagen led the auto industry with 10.3 million unit sales surpassing Toyota. Vodafone is in merger talk with Idea Cellular in India.

Alphabet Drops as Advertisers Pay Less, Microsoft Soars on Cloud

Mukesh Buch
27 Jan, 2017
New York City

Alphabet said net income and revenues declined after cost-per-click dropped 15%. Colgate net swung to profit but global unit volume fell 6%. Chevron net swung to profit after revenues soared 8%. General Dynamics net jumped 4%. Honeywell profit plummeted 13% on flat revenues. Microsoft net rose.

Tesco Agrees to Buy Booker for

Sarla Buch
27 Jan, 2017
New York City

BT Group profit plunged 37% but revenues soared 32% on the rising new customer additions. Sabadell net rose while net interest in the year jumped 20%. Tesco agreed to acquire Booker Group for

Comcast Plans $5 B Stock Buy Back, Ford Expects Strong Sales in 2017

Mukesh Buch
26 Jan, 2017
New York City

AT&T net plunged 39%. Biogen net declined 22%. Comcast net soared 15% and media group plans to buy back shares worth up to $5 billion in the next 12 months. Caterpillar net loss widened. Ford net plunged 38%. Qualcomm net slumped 54%. Whirlpool plunged on flat net.

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