Market Update

Johnson Controls, News Corp, Valeant Pharma Net Swing to Loss

Mukesh Buch
08 Nov, 2016
New York City

CVS Health net surged 24% and revenues soared 16%. D.R. Horton net jumped 19% on 18% increase in revenues. Johnson Controls net swung to a loss on tax expenses related to the Adient spin-off and the Tyco merger. News Corp and Valeant Pharma net swung to a loss.

Credit Agricole, Deutsche Post Profit Jump; ArcelorMittal Net Swing to Profit

Sarla Buch
08 Nov, 2016
New York City

ArcelorMittal net swung to profit despite steel shipment and production declined. Credit Agricole profit doubled but revenues declined. Deutsche Post said profit more than double. Marks and Spencer net tumbled 91%. Total SA signed a preliminary agreement with Iran government.

Windstream, EarthLink in $1.1 B Deal; Cognizant, Sysco Profit Soar

Mukesh Buch
07 Nov, 2016
New York City

Blue Nile agreed to be acquired by Bain Capital and Bow Street for $500 million. Cognizant net surged 12% on 8% jump in revenues. Dean Foods profit plunged 28%. Rockwell Automation lifted revenue forecast. Sotheby

Ryanair Profit Surges 7%; HSBC, PostNL Net Swing to Loss

Sarla Buch
07 Nov, 2016
New York City

HSBC net swung to a loss after the bank booked $1.7 billion charge for selling its Brazil business. PostNL net swung to a loss and rejected higher takeover offer from Belgium-based rival Bpost. Ryanair profit surged 7% and plans for additional share buyback of up to

Dick Clark in $1 B Deal; Duke Energy, Humana Net Jump

Mukesh Buch
04 Nov, 2016
New York City

Ameren net jumped 8%. AES Corp net fell 3% on flat revenues. Duke Energy net soared 29%. Dick Clark Productions agreed to be acquired by China-based conglomerate Wanda Group. Humana net surged 43%. NRG Energy net surged five-fold but sales plunged. Revlon net swung to a loss.

BMW, Erste Net Soar; Commerzbank Swing to Loss, L

Sarla Buch
04 Nov, 2016
New York City

BMW net surged 15% after strong sales in the quarter. Commerzbank net swung to a loss. Erste Group Bank profit soared 54% to

Facebook Offers Cautious Outlook, Itron Surges, Fitbit, TreeHouse Tumble

Mukesh Buch
03 Nov, 2016
New York City

Apache net loss narrowed. Becton Dickinson net tumbled 90% but medical devices maker lifted earnings forecast. Cigna profit plunged 17%. Facebook offered cautious outlook. Fitbit, TreeHouse Foods tumbled on weak forecast.

Adidas Net Jumps, Credit Suisse Beats Estimates; Swiss Re Net Drops

Sarla Buch
03 Nov, 2016
New York City

Adidas profit surged 24% and the athletic shoe maker lifted fiscal outlook. Credit Suisse net tumbled 95% but the bank results were ahead of analysts expectations. ING Group net soared 27%. Swiss Re profit plunged 17% but revenues jumped 10%. Societe Generale net soared 41%.

Broadcom to Acquire Brocade for $5.9 B, Estee Lauder Net Falls

Mukesh Buch
02 Nov, 2016
New York City

Alibaba revenues jumped on the domestic sales surge. Anthem lowered earnings forecast. Broadcom agreed to acquire network gear maker Brocade for $5.9 billion. Estee Lauder net fell. L Brands lowered earnings outlook. Time Warner net surged and lifted forecast.

Lufthansa Net Surges, Moller-Maersk Struggles as Oil Shipping Revenues Loss

Sarla Buch
02 Nov, 2016
New York City

A.P. Moller-Maersk profit tumbled 43% on 9% decline in revenues. Security services provider G4S said revenues soared 6% to

Qualcomm in $38 B Deal with NXP; Colgate-Palmolive, Ford Net Fall

Mukesh Buch
27 Oct, 2016
New York City

Bristol-Myers lifted fiscal outlook. Colgate-Palmolive net and revenues slumped after sales in Latin America plunged 13%. Ford profit tumbled 56%. Qualcomm agreed to buy NXP Semiconductors for $38 billion.

VW Net Surges on China and Porsche, Bond Trading Lifts Deutsche Net

Sarla Buch
27 Oct, 2016
New York City

Barclays profit tumbled 25% on 6% drop in revenues. Deutsche Bank net swung to profit with the help of improved bond trading. Volkswagen said profit surged on strong earnings from Skoda, Porsche units and in its China joint ventures.

Apple Net Falls 19%, Boeing Profit Surges 34%

Mukesh Buch
26 Oct, 2016
New York City

Apple Inc said its quarterly net income and revenues tumbled after iPhone, iPad and Mac computer sales declined. Boeing net surged 34% and the aerospace and defense contractor lifted full-year forecast. Comcast revenues soared 14%. Coca-Cola profit plummeted. General Dynamics net declined 7%.

Bayer, Logitech Net Soar; Airbus, Lloyds Banking Profit Decline

Sarla Buch
26 Oct, 2016
New York City

Airbus net declined 5%. Bayer profit surged 19%. The luxury goods retailer Kering revenues jumped 11%. Logitech net surged 41%. Lloyds Banking net tumbled 68% and set aside a further

GM, Merck, P&G Net Surge; Caterpillar, Du Pont, Eli Lilly Net Tumble

Mukesh Buch
25 Oct, 2016
New York City

Baker Hughes net loss widened. Caterpillar net and revenues tumbled and construction equipment maker lowered revenues forecast. Du Pont and Eli Lilly lifted revenues estimate. GM net doubled. Lockheed Martin net surged. Merck and P&G net soared.