ticker

Alphabet Net Soars 20%, Microsoft Net Falls 25%

Mukesh Buch
22 Apr, 2016
New York City

Alphabet, the parent of Google said net surged 19% on 17% rise in revenues. Caterpillar lowered revenue forecast. GE net loss narrowed. Honeywell net jumped. Kimberly Clark net surged 17% but sales fell. McDonald''s net jumped. Microsoft net plunged 25%. Visa net soared 10%.

Biogen, GM, Qualcomm, Verizon Profit Rise; BNY Mellon Net Drops

Mukesh Buch
21 Apr, 2016
New York City

American Express net declined 6%. BNY Mellon profit and revenues fell. Biogen net surged 18% on 7% jump in revenues. GM profit soared 122%. Qualcomm net jumped 11% but revenues plunged 19%. Verizon net rose 2%. Yum! Brands net jumped 8%.

Rates on Hold in Europe, Ericsson and Pernod Ricard Fall on Weak Results

Lucy Stoeva
21 Apr, 2016
New York City

Stocks in Europe retreated after the ECB kept rates unchanged, several major companies posted disappointing earnings, and oil continued to decline. Ericsson

Mixed Closings in Europe, ARM, ABB in Focus

Lucy Stoeva
20 Apr, 2016
New York City

European markets were little changed as positive earning updates offset a decline in oil prices and sharp losses in China. ABB, the power grid automation maker said net profit fell 11%, less than expected. ARM Holdings reported revenue growth of 22% and profit growth of 7.6% in the first-quarter.

Intel to Cut 12,000 Jobs; Abbott, Coca-Cola Profit Decline

Mukesh Buch
20 Apr, 2016
New York City

Abbott net tumbled 86% but lifted earnings per share forecast. DISH Network net surged 11%. EMC net jumped 6%. Illinois Tool net rose 2% but revenues fell 2%. Intel announced a wide-range restructuring program. Coca-Cola net fell. Yahoo! net swung to a loss.

Danone, L'Oreal, Publicisand Rio Tinto Earnings Lift European Markets Higher

Lucy Stoeva
19 Apr, 2016
New York City

European stocks surged to three-month high on positive corporate earnings and momentum in oil prices. Rio Tinto quarterly shipments surged 11%. L''Oreal

Goldman, IBM Net Plunge, J&J Lifts Sales Outlook

Mukesh Buch
19 Apr, 2016
New York City

Goldman Sachs net dropped after revenues sharply declined in its key businesses. Harley-Davidson net dropped 7% but revenues jumped. IBM net fell. J&J lifted annual sales forecast. Netflix continue to tumble on weak outlook. Philip Morris net plunged. UnitedHealth net soared.

European Markets Recover, Oil Producers Fail to Freeze Output

Lucy Stoeva
18 Apr, 2016
New York City

European markets recovered from the morning decline after oil producers failed to agree on production freeze. Caixabank made a new takeover offer for Banco BPI. Reckitt Benckiser first-quarter sales rose 5%. L''Oreal and Rio Tinto advanced ahead of earnings reports.

Morgan Stanley, PepsiCo, Grainger Profit Plunge; Hasbro Net Surges

Mukesh Buch
18 Apr, 2016
New York City

Morgan Stanley net tumbled 54% on 21% decline in revenues. PepsiCo profit plummeted 24%. Grainger net plunged 12%. Hasbro net surged 83% after revenues soared 16%. J B Hunt net and revenues jumped.

European Markets Trim Weekly Advance on Oil Jitters

Lucy Stoeva
15 Apr, 2016
New York City

European markets trimmed weekly gains as investors were cautious ahead of the Doha meeting of oil producers. Greece outperformed, led by the bank shares after the latest decision from the ECB. Credit Suisse faces fines in Japan for leaking private information.

Citigroup Revenues Decline, Regions and Schwab Profit Surge

Mukesh Buch
15 Apr, 2016
New York City

Citigroup net and revenues tumbled. Charles Schwab profit surged 36% on 16% increase in revenues. First Horizon National net swung to profit after revenues jumped 7%. Regions Financial net soared 18%. Argan net advanced 19%.

BoE Left Rates at Historic Low, Wild Swings in Oil Ahead of OPEC Meeting

Lucy Stoeva
14 Apr, 2016
New York City

European stock markets searched for direction amid mixed company reports and oil price swings ahead of a key meeting of oil producers. The Bank of England left its main interest rates unchanged at 0.5%. Burberry reported a decline in same-store sales and issued a profit warning for fiscal 2017.

Bank of America, BlackRock, Wells Fargo Profit Decline

Mukesh Buch
14 Apr, 2016
New York City

Bank of America net plunged 18% as trading revenue tumbled 16%. BlackRock net tumbled 20% and revenues fell 4%. Delta Air net soared 27%. Progressive net dropped 13% while revenues soared 15%. Wells Fargo profit declined 5% and non-performing assets increased.

European Stocks Rise on China Export Growth, McCormick Withdrew Premier Offer

Lucy Stoeva
13 Apr, 2016
New York City

Stock markets in Europe advanced on Wednesday after China said exports rose for the first time in nine months. In Italy, banks surged after government confirmed its plan to solve bad loan issues. McCormick withdrew its bid to acquire Premier Foods.

JPMorgan Net Declines, Peabody Seeks Bankruptcy Protection

Mukesh Buch
13 Apr, 2016
New York City

Adtran net surged 51%. Commerce Bancshares profit rose 7% on 12% jump in revenues. CSX profit and revenues declined. Healthcare Services net soared 20%. JPMorgan net slumped 7% after investment banking segment revenues dropped. Peabody filed for U.S. bankruptcy protection.

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