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HP Entp to Buy Nimble Storage; Dicks Sporting Drops on Weak Outlook

Mukesh Buch
07 Mar, 2017
New York City

Brown-Forman net fell on flat revenues. Dicks Sporting net jumped but lowered sales forecast. Exxon Mobil plans to invest $20 billion through 2022 in the US Gulf Coast. HP Entp agreed to buy Nimble Storage for $1 billion. Michaels Co net jumped 6.3%. Navistar net loss widened.

GM Divests to Focus on Domestic U.S. Operations

Mukesh Buch
06 Mar, 2017
New York City

Armstrong Flooring net loss widened. CJS Solutions agreed to be acquired by India-based Tech Mahindra for $110 million. FairPoint Communications net fell 62%. GM agreed to sell Opel, Vauxhall and European financing units for $2.3 billion.

Deutsche Bank Right Offering After Major Reversal, PSA in

Sarla Buch
06 Mar, 2017
New York City

bet-at-home.com lifted fiscal 2017 revenues. Deutsche Bank plans to raise

Costco Lifts Annual Fee, Big Lots Jumps on Outlook

Mukesh Buch
04 Mar, 2017
New York City

Big Lots increased its dividend comparable store sales rose a fraction and the discount retailer sees higher earnings. Costco reported slower sales growth than expectations and increased membership fee to $60 a year. Cooper beats estimates.

WPP Misses Forecast on Client Loss; Gemalto, Berendsen Fall

Sarla Buch
04 Mar, 2017
New York City

Berendsen plunged 11% on weak profit forecast. Freenet profit soared 19%. Gemalto net fell 12% on flat revenues. WPP tumbled on latest loss of major clients and slower than expected revenue growth in the current year.

Snap Inc Soars on Debut, Abercrombie & Fitch Jumps

Mukesh Buch
02 Mar, 2017
New York City

Abercrombie & Fitch net plunged 15% on 7% drop in revenues. Barnes & Noble agreed to buy MBS Textbook. Burlington Stores net surged 27% and the apparel retailer lifted full-year outlook. Kroger net dropped 10%. Snapchat faces slower user growth.

Cobham to Launch

Sarla Buch
02 Mar, 2017
New York City

Cobham plans to launch a rights issue of

Lowe

Mukesh Buch
01 Mar, 2017
New York City

American Eagle net declined 33%. Best Buy lowered fiscal earnings outlook. Dollar Tree net surged 41%. Donaldson lifted full-year forecast. Lowe''s reports broad strength in business. Tribune Media net swung to profit. Salesforce net loss widened.

Suez Intends to Buy GE's Water Business; Ahold Delhaize, ITV Net Tumble

Sarla Buch
01 Mar, 2017
New York City

Ahold Delhaize net tumbled 43% but revenues soared on improved U.S. business. CRH net soared on acquisitions. Carillion profit dropped on higher cost. Eni net swung to profit. ITV pre-tax profit declined 14%. Suez said it intends to buy GE''s water business.

AutoZone Enters Slower Zone, Domino's Powers Ahead with Global Sales Jump

Mukesh Buch
28 Feb, 2017
New York City

AutoZone reports flat comparable store sales. Domino''''s Pizza same store sales continue to soared. Heska jumped after net and revenues surged. RR Donnelley net swung to a loss. Sempra Energy net rose 3%. Target plunged after net tumbled 43%.Valeant Pharma net loss widened.

Fresnillo Participates in Commodities Rally, Go-Ahead Plunges

Sarla Buch
28 Feb, 2017
New York City

Fresnillo net and revenues surged after production soared. Go-Ahead lowered profit outlook on repeated strike at Southern railways. Moneysupermarket said margins dropped. Meggitt plans to close some of its manufacturing sites. Thales said net new orders declined.

American Tower Lifts Outlook on Wireless Data Growth, AES Raises Estimate

Mukesh Buch
27 Feb, 2017
New York City

American Tower lifted revenue outlook. AES net loss widened but estimated average annual growth between 8% and 10%. Gogo surged after net loss narrowed and communication services provider lifted revenues forecast. Sotheby

Primark Strength Drives AB Foods Earnings, Bunzl Net Boosted on M&A

Sarla Buch
27 Feb, 2017
New York City

Associated British Foods sales surged 21% and forecasted Primark sales to jump 11%. Bunzl profit and revenues surged 14% and acquired Singapore-based distributor. Persimmon net soared 20% on improved housing demand. Trinity Mirror profit plunged 10% as print revenue dropped 11%.

HP Enterprise Plunges on Revenue Miss, J C Penney to Close 140 Stores

Mukesh Buch
24 Feb, 2017
New York City

Foot Locker net soared 20% on 6% jump in revenues. Gap net rose 3%. Hilton Worldwide will buy back $1 billion of stocks. Hewlett Packard Enterprise revenues declined 10%. Intuit net tumbled 46%.

British Air Patent Launches Buyback, RBS Loss Widens

Sarla Buch
24 Feb, 2017
New York City

British Air parent launched a share buyback program. Pearson reported largest loss on impairment charge. RBS reported wider-than-expected loss on litigation and restructuring costs. Standard Chartered loss narrowed on cost cuts. Standard Life net soared 33%.

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