ticker

Cisco Net Surges, Wal-Mart Net Jumps on Same Store Sales Increase

Mukesh Buch
18 Aug, 2016
New York City

Wal-Mart reported eighth quarterly same store sales increase in a row and said net rose 9%. Cisco net surged 21% and the networking gear maker said it plans to eliminate up to 5,500 positions globally. Cato net rose 2% and lowered earnings forecast after sales dropped. Toro net jumped 5%.

Vestas Wind Profit Surge; Nestle Net Declines

Sarla Buch
18 Aug, 2016
New York City

Asda struggles with performance despite price declines. Co-operative Bank net loss narrowed. Kingfisher sales rose 8% to

Wall Street Reverses Earlier Losses; Target, Lowe's Fall on Outlook

Mukesh Buch
17 Aug, 2016
New York City

Analog Devices net soared 35%. American Eagle net jumped 5% on 35% surge in revenues. Eaton Vance net soared 14%. Lowe''''''''s net rose 4%. Madison Square agreed to acquire 12% stake in Townsquare Media. Staples net swung to a loss of $766 million. Target net and revenues plunged.

European Indexes Turn Lower; Admiral, Carlsberg, Wirecard Net Jump

Sarla Buch
17 Aug, 2016
New York City

Admiral Group said net income rose 3% on 14% jump in revenues and added its solvency ratio declined after the Brexit referendum. Balfour Beatty net loss narrowed. Carlsberg profit soared 25% but revenues fell 4%. Wirecard said revenues advanced 33%.

Home Depot Net Jumps, AIG Sells to United Guaranty for $3.4 B

Mukesh Buch
16 Aug, 2016
New York City

Aetna plans to severely cut number of states it offers health plan under Affordable Care Act. AIG agreed to sell United Guaranty for $3.4 billion. Cintas plans to buy G&K Services for $2.2 billion. Coty net swung to a loss. Dicks Sporting net rose. Home Depot net jumped. TJX net rose.

BHP Billiton Net Swing to Loss, Linde in Merger Talk with Praxair

Sarla Buch
16 Aug, 2016
New York City

BHP Billiton net swung to a loss of $6.4 billion and revenues plunged 31%. Deutsche EuroShop net fell 2%. John Wood net plunged 63% and awarded contract for $700 million in Kazakhstan. Linde is in merger talks with the U.S.-based rival Praxair.

Mid-America in $4 B Deal with Post Properties, Sysco Net Surges

Mukesh Buch
15 Aug, 2016
New York City

CSW Ind net plunged 53% on 5% decline in revenues. Honeywell is reportedly in talks to acquire JDA Software for $3 billion. Mid-America Apartment Communities agreed to acquire Post Properties for $4 billion. Sysco profit surged after revenues jumped 10%.

William Hill Rejects Higher Offer, Bovis Homes Net Jumps

Sarla Buch
15 Aug, 2016
New York City

Bovis Homes net and revenues surged. Hennes & Mauritz said sales in July soared 10%. Lonza agreed to acquire the U.S.-based nutraceuticals for $300 million. William Hill rejected revised higher merger offer.

J C Penney Net Loss Narrows; Dillard's, Nordstrom Profit Decline

Mukesh Buch
12 Aug, 2016
New York City

Applied Industrial net and revenues fell. Brookfield Asset Management net tumbled 71% but revenues soared 21%. Dillard''s profit declined 60%. J C Penney net loss narrowed and reaffirmed full-year comparable store sales forecast. Nordstrom net plunged 45%. Nvidia net surged.

Maersk Net Declines 88%; Deutsche Wohnen, Talanx Net Soar

Sarla Buch
12 Aug, 2016
New York City

AP Moeller Maersk net plunged 88% on 17% as average container freight rate declined 24% and 26% lower oil price. Deutsche Wohnen net surged 15%. Nationwide net swung to a profit

Alibaba Soars on Revenue Jump; Kohl

Mukesh Buch
11 Aug, 2016
New York City

Alibaba net tumbled. Brinker Intl profit and revenues surged. Kohl''''s net advanced 8% but the retail chain lowered earnings forecast. Macy''''s profit tumbled 95%. Perrigo net jumped three-fold. Vista Outdoor net plunged 14%.

Henkel Profit Jumps; Deutsche Telekom, RWE, ThyssenKrupp, TUI Net Fall

Sarla Buch
11 Aug, 2016
New York City

Deutsche Telekom net declined 13%. Henkel lifted sales forecasted. RWE net tumbled 74% and net debt increased. ThyssenKrupp net plummeted 35% on 12% decline in revenues. TUI net surged but revenues dropped 6%.

Michael Kors Net Falls, Disney Net Jumps; Ralph Lauren Net Swing to Loss

Mukesh Buch
10 Aug, 2016
New York City

Michael Kors net slumped 16%. Ralph Lauren net swung to a loss and revenues dropped 4%. SunPower net swung to a loss. Walt Disney profit jumped 5% and agreed to acquire 33% stake in BAMTech. Wendy''s net tumbled 34% but lifted earnings forecast. Yelp net swung to profit.

William Hill Rejects

Sarla Buch
10 Aug, 2016
New York City

Bilfinger net loss narrowed. E.ON net swung to a loss after revenues plummeted 11%. G4S net soared as in the first-half secured new contracts worth

PPL, News Corp Net Swing to Profit; Valeant to Sell $8 B Assets

Mukesh Buch
09 Aug, 2016
New York City

Coach net and revenues surged. AerCap plummeted 25% on 7% fall in revenues. Exelon profit tumbled 58% but revenues rose 6%. HCP net soared 83%. PPL and News Corp net swung to profit. Valeant Pharma net loss widened and plans to sell its non-core assets worth about $8 billion.

Market Update