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Richemont Sales Edge Up 1%, HELLA and Boohoo.com in Focus

Sarla Buch
11 Jan, 2018
New York City

AO World domestic revenues jumped. Boohoo reported record revenue increase during holiday period. HELLA profit jumped on strong segment sales growth. Pandora tumbled on gloomy outlook. Richemont missed expectations as sales rose slightly.

Lennar Misses Earnings Estimates, Supervalu, SYNNEX Tumble

Mukesh Buch
10 Jan, 2018
New York City

CalAtlantic said new homes delivered in the last quarter jumped 5%. Lennar misses profit estimate. MSC Industrial offered upbeat earnings and sales outlook. Supervalu tumbled despite net swung to profit. SYNNEX plunged. VOXX International net surged.

CropEnergies Reaffirms Outlook, Sainsbury's Lifts Profit Forecast

Sarla Buch
10 Jan, 2018
New York City

Big Yellow Group revenues jumped 7%. CropEnergies reaffirmed fiscal 2018 revenue forecast. Continental estimated offered cautious outlook for 2018 sales. PageGroup beats profit estimates. Sainsbury lifted profit estimate after holiday sales.

Target Lifts Earnings Outlook, Barracuda Net Soars

Mukesh Buch
09 Jan, 2018
New York City

Acuity Brands tumbled after net income and sales declined. Barracuda profit surged on strong subscription revenues. Schulman revenues surged. Schnitzer Steel net swung to profit as revenues jumped. Target lifted fiscal earnings and same store sales forecast.

Altice Plans to Spin-off U.S. Unit, Morrison Holiday Sales Jump

Sarla Buch
09 Jan, 2018
New York City

Altice plans to spin-off its U.S. business as the cable operator struggles with heavy debt load. Continental AG is said to explore restructuring. Games Workshop net more than doubled on strong sales growth. Safestore net declined. Morrison offered upbeat estimate on holiday sales.

GoPro to Exit Drone Business, Kohl's Holiday Sales Jump 6.9%

Mukesh Buch
08 Jan, 2018
New York City

Celgene agreed to acquire privately-held Impact Biomedicines for $1.1 billion. GoPro said it will exit from drone business after weak sales and demand. Helen of Troy net swung to a loss. Haverty Furniture sales declined. Kohl''s said holiday sales jumped 6.9%.

Dialog Semi Beats Revenue Estimate, Trigano Profit Soars

Sarla Buch
08 Jan, 2018
New York City

AO World net swung to a loss and revenues soared 13%. Dialog Semiconductor sales were ahead of the latest forecast. Micro Focus International tumbled after reaffirming fiscal 2018 revenues to decline. Trigano profit and revenues soared.

Constellation Brand Misses Sales Estimate, Greenbrier Beat Estimate

Mukesh Buch
05 Jan, 2018
New York City

Constellation Brands sales missed estimates. Cal-Maine Foods net loss widened. Franklin Covey reaffirmed fiscal 2018 forecast. Greenbrier net jumped 5%. Lamb Weston beats profit forecasts. Shiloh tumbled after net swung to a loss.

Allianz to Ramp Up Asia Real Estate Investment, easyJet December Traffic Jumps

Sarla Buch
05 Jan, 2018
New York City

Allianz

Monsanto Net Surges, Walgreens Drops; Costco Comparable Sales Soar

Mukesh Buch
04 Jan, 2018
New York City

AngioDynamics lowered sales forecast. Buckle tumbled after comparable sales declined. Costco comparable sales soared 12%. L Brands revised fourth-quarter earnings outlook. Monsanto profit surged. RPM Intl net swung to profit. Rite Aid net soared. Walgreens net tumbled.

Debenhams Tumbles on Profit Warning, NMC in UAE Acquires Hospital Stakes

Sarla Buch
04 Jan, 2018
New York City

Debenhams issued profit warning after disappointing sales during and post-Christmas holidays. NMC Health acquired remaining stakes in two hospitals based in United Arab Emirates. Sopheon surged on upbeat estimate. Vectura said it plans to refocus its investment strategy.

Dominion in $8 B Deal with SCANA, U.S. Blocks MoneyGram Purchase

Mukesh Buch
03 Jan, 2018
New York City

Commercial Metals net and revenues surged. Dominion Energy to acquire troubled rival Scana in $7.9 billion deal. The U.S. government agency rejected sale of MoneyGram to China-based Ant Financial. UniFirst beats first-quarter forecasts.

U.K. Retailer Next Offered Upbeat Outlook, Ryanair Traffic Soar 10%

Sarla Buch
03 Jan, 2018
New York City

Addex Therapeutics signed deal with $339 million with Indivior. Deutsche Bank faces new claims for

Principal to Buy India Ventures, Nutrien Starts Trading on Exchanges

Mukesh Buch
02 Jan, 2018
New York City

Commercial Metals to buy certain U.S. rebar assets from Brazil-based Gerdau for $600 million. Nutrien starts trading from New York and Toronto exchanges. Principal Financial agreed to buy joint ventures in India.

M&S Sells HK and Macau Stores, British Air Parent to Buy Austria Based Niki

Sarla Buch
02 Jan, 2018
New York City

BP estimated $1.5 billion one-time non-cash charge in the fourth-quarter of 2017. IAG to acquire Austrian insolvent discount air Niki. M&S agreed to sell Hong Kong and Macau stores to Al-Futtaim Group. TechnipFMC won contract from Statoil. Vestas secured orders in Europe, Canada and India.

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