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IBM Revenue Hurts on Weak Demand, Morgan Stanley Profit Jump on Trading

Mukesh Buch
19 Apr, 2017
New York City

Abbott net surged. BlackRock profit jumped 31% on index funds business. IBM net declined 10% on 3% drop in revenues on weak hardware demand. Lithia Motors net surged. Morgan Stanley net soared. U.S. Bancorp net jumped 4%. Yahoo net swung to profit.

Primark Drives AB Food Profit Growth; L'Oreal and Burberry Results Diverge

Sarla Buch
19 Apr, 2017
New York City

AB Food profit surged 81%. Burberry plunged after the luxury retailer lowered profit forecast. Henderson said net asset outflows in the quarter were

BofA, Schwab Beat Expectations, Goldman Sachs Misses Estimates

Mukesh Buch
18 Apr, 2017
New York City

Boeing plans to lay off hundreds of engineers. Bank of America net surged 47%. Charles Schwab net soared 37% on 18% increase in revenues. Goldman Sachs net jumped 83%. J&J lifted sales forecast. Netflix net and revenues soared. Grainger lowered forecast.

Medtronic in $6.1 B Deal with Cardinal Health, H&M March Sales Jumps

Sarla Buch
18 Apr, 2017
New York City

Daily Mail and General Trust agreed to sell its viral video sharing service. Hennes & Mauritz said sales in March jumped 6% on late Easter. Medtronic agreed to divest its monitoring and recovery products business for $6.1 billion. Weetabix agreed to be acquired by Post Holdings.

Moneygram Accepts Higher Ant Financial Offer, HCA Lowers Outlook

Mukesh Buch
17 Apr, 2017
New York City

HCA Holdings slumped after weak earnings forecast. J B Hunt net rose 3% but revenues jumped 7%. M&T Bank net soared 17%. Moneygram board accepted revised higher cash offer of $18 a share from China-based Ant Financial. PacWest Bancorp net plunged 13%.

Citigroup, JPMorgan Earning Jump on Bond Trading; Wells Fargo Net Flat

Mukesh Buch
13 Apr, 2017
New York City

Citigroup net soared 17% on higher trading revenues. Commerce Bancshares net jumped 10%. PNC Financial net surged 13%. JPMorgan profit soared 17% on strong trading revenue, loan margin and bond trading. Wells Fargo profits hurt on higher costs and weaker mortgage revenue.

Svenska Cellulosa Receives $22 B Offer, Carrefour Brazil Lifts Group Results

Sarla Buch
13 Apr, 2017
New York City

Carrefour said revenues jumped after sales in Brazil soared. SinnerSchrader profit surged 58%. Sodexo lifted revenues forecast. Sainsbury restructure 60 Argos and 10 Habitat stores. Svenska Cellulosa received an offer of $22 billion from a consortium of private equity funds.

BlackBerry Wins Qualcomm Royalty Dispute, Delta Air Net Plunges

Mukesh Buch
12 Apr, 2017
New York City

BlackBerry surged after it won an arbitration ruling of $815 million in a royalty dispute with Qualcomm. ClubCorp net loss narrowed. Cardinal Financial net fell. Delta Air profit declined. Fastenal net and revenues jumped on higher unit sales. Healthcare Services net soared. Shaw net plunged.

Fraport Wins 14 Greek Airport Contracts; Tesco, WH Smith Profit Surge

Sarla Buch
12 Apr, 2017
New York City

BAT agreed to acquire some brands of Bulgaria-based rival Bulgartabac for

Loews to Buy Consolidated Container, United Traffic in March Rises 3%

Mukesh Buch
11 Apr, 2017
New York City

Argan revenues surged and ended the year with strong balance sheet. Bank of the Ozarks net soared 73% on 70% increase in revenues. Loews plans to acquire Consolidated Container for $1.2 billion. United Continental said traffic in March rose 3%.

LVMH Report Strong Gain in Sales, JD Sports Lifts Outlook

Sarla Buch
11 Apr, 2017
New York City

Givaudan said sales in the first-quarter soared 8% on improved sales in fragrances and flavors divisions. JD Sports net surged 83% on 31% jump in revenues and athletic retailer lifted full-year profit forecast. LVMH said revenues in the first-quarter surged 15%.

Swift and Knight in $6 B Merger Deal, Toyota to Expand Production in Kentucky

Mukesh Buch
10 Apr, 2017
New York City

AT&T agreed to buy Straight Path for $1.6 billion. Aspen and KSL Capital intend to buy Intrawest Resorts for $1.5 billion. Swift Transportation and Knight Transportation agreed to merge. Toyota said it plans to invest $1.3 billion and expand production at Kentucky plant.

STADA Receives Private Equity Offer, BrewDog Valued at

Sarla Buch
10 Apr, 2017
New York City

BrewDog, the craft brewery, was valued

Twitter Co-founder Williams to Reduce Stake, WD 40 Net Drops 10%

Mukesh Buch
07 Apr, 2017
New York City

Griffin Industrial Realty said net loss in the first-quarter widened. Haverty Furniture sales advanced 3%. Intec Pharma net loss widened. PriceSmart profit jumped and retailer said sales in March rose 5.3%. Co-founder of Twitter plans to sell his stake of 30%. WD-40 net declined 10%.

Galenica Sante IPO Raised 1.9 B Francs, Vivendi Settles U.S. Litigation

Sarla Buch
07 Apr, 2017
New York City

BillerudKorsnas estimate weak operating profit. Galenica Sante surged 9% and raised 1.9 billion francs in initial public offering. Lloyds Banking said it had set aside

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