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GAM Drops to 20-year Low on Record Loss; Metro, Tui Profit Soar

Sarla Buch
13 Dec, 2018
New York City

G4S plans to separate its cash and security business. GAM tumbled after the company was forced to write down assets linked to fraud. Metro profit jumped but revenues fell. Tui profit surged but pre-tax profit declined 10%.

Adobe, Costco Profit Surge; Danaher, United Rentals Reaffirms Outlook

Mukesh Buch
13 Dec, 2018
New York City

Adobe missed earnings estimates but net jumped 35%. Costco reported strong first-quarter results. Ciena beats estimates. Danaher reaffirmed fiscal outlook. First Solar jumped on higher fiscal earnings forecasts.

Ashtead, Aurubis Report Strong Results, BPM Sells

Sarla Buch
11 Dec, 2018
New York City

Ashtead beats profit estimates largely because of strong demand for its equipment rental business in the U.S. Banco BPM agreed to sell its

Travelport Agrees to $4.4 B Deal, Tivity to Buy Nutrisystem

Mukesh Buch
10 Dec, 2018
New York City

Mitek Systems received revised higher offer from ASG Technologies. Travelport agreed to be acquired for $4.4 billion. Tivity Health agreed to acquire Nutrisystem for $1.4 billion.

Air France KLM November Traffic Jumps, BASF Lowers Profit Outlook

Sarla Buch
10 Dec, 2018
New York City

Air France KLM said passenger count in November jumped 3.3%. AF AB agreed to acquire Finland-based rival Poyry Plc. BASF reduced its profit outlook. Interserve plunged 51%. Perstorp agreed to sell its adhesive division to the U.S.-based Ingevity Corp.

Broadcom Profit Jumps to $1.1 B, Lululemon Net Falls; Ulta Beauty Net Surges

Mukesh Buch
07 Dec, 2018
New York City

American Outdoor surged on better-than-expected results. Big Lots net swung to a loss. Broadcom beats estimates. Lululemon outlook disappoints investors. Vail Resorts net loss widened. Ulta Beauty plunged on growth worries.

Fresenius Forecast Disappoints Market, Carl Zeiss Profit Drops 7%

Sarla Buch
07 Dec, 2018
New York City

Berkeley lifted fiscal profit outlook. Fresenius issued a profit warning. Carl Zeiss Meditec profit declined 7% but revenues surged 8%. Fresenius Medical Care forecasted flat income in the year ahead.

Children's Place, G-III Apparel Tumble; H&R Block Loss Widens

Mukesh Buch
06 Dec, 2018
New York City

Children''s Place declined after lowered fiscal outlook. G-III Apparel beats earnings estimates and the apparel maker lifted fiscal outlook. H&R Block net loss widened. Kroger net plunged.

Bayer Lays Out Ambitious 3-year Forecast; DS Smith, Vonovia Profit Surge

Sarla Buch
06 Dec, 2018
New York City

Bayer issued multi-year forecast and said debt will substantially in the next three years. DS Smith profit jumped and said it plans to sell its plastics division. Latecoere tumbled after weak fiscal 2019 outlook. Vonovia reported better-than-expected results.

Daimler to Increase China Stake, Takeda Wins Shareholder Approvals for Shire

Sarla Buch
05 Dec, 2018
New York City

Daimler plans to increase its stake in China-based BAIC. Stagecoach net swung to loss after non-cash goodwill impairment charge. Takeda won approval from shareholders for its $62 billion deal with Shire Plc.

AutoZone Same Store Sales Lifts Stock, Toll Bro Earnings Soar New Orders Lag

Mukesh Buch
04 Dec, 2018
New York City

AutoZone first-quarter same store sales jumped. Dollar General declined on lowered fiscal outlook. HD Supply beats sales and profit estimates and the distributor lifted fiscal outlook. Toll Brothers profit beats estimates but new orders decline.

Bpost Plunges on Weaker Profit Outlook, Rheinmetall Net Surges 50%

Sarla Buch
04 Dec, 2018
New York City

Bpost plunged 21% after the delivery service company estimated profit at the lower end of outlook. Elior said annual are expected to be in-line with estimate. IG Group lowered revenues forecast. Rheinmetall profit surged 50%. Victrex reported strong annual results.

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