ticker

Altice Sells Fiber Business Stake, Rocket Internet Net Swings to Profit

Sarla Buch
30 Nov, 2018
New York City

Altice Europe net swung to profit and agreed to sell its 49.99% stake in its SFR FTTH business. BillerudKorsnas agreed to acquire forest land from Bergvik Skog Ost. Rocket Internet net swung to profit.

Dollar Tree Lowers Outlook; Guess Net Loss Widens, Abercrombie Soars

Mukesh Buch
29 Nov, 2018
New York City

Abercrombie & Fitch beats earnings estimates. Dollar Tree net surged 18% but lowered fiscal outlook. Guess net loss widened but revenues jumped. La-Z-Boy beats earnings and revenue estimates. Semtech net plunged. Tech Data profit soared 52%.

Daily Mail Plunges on Revenue Worries, No Deal for Intu Properties Again

Sarla Buch
29 Nov, 2018
New York City

Daily Mail plunged after weak forecast but fiscal year profit doubled. Hammerson completed the sale of Highcross shopping center. Intu Properties tumbled after second takeover offer failed to materialize. Thomas Cook net swung to a loss. Wendel fell after net asset value declined.

Salesforce Jumps on Quarterly Results; Chico's, Stein Mart, Tiffany Tumble

Mukesh Buch
28 Nov, 2018
New York City

Buckle beats earnings estimates. Chico''s plunges to 9-year low. Dick''s Sporting jumped on fiscal outlook. Smucker declined. Salesforce.com jumped on strong sales. Tiffany net declined.

AXA Lifts Dividend Payouts, Safran Wins Zodiac Shareholders Approval

Sarla Buch
28 Nov, 2018
New York City

AXA lifted synergies and cash flow estimate from the merger with AXA XL merger. Knorr

Cracker Barrel Net Rises 2%, Hibbett Sports Misses Sales Estimate

Mukesh Buch
27 Nov, 2018
New York City

Cracker Barrel beats earnings results. Diana Shipping reported better-than- expected results. Eaton Vance income edged up. Hibbett Sports missed earnings estimates. MTS Systems net doubled.

Thomas Cook Plunges 23% after Dividend Suspension, Accor Reaffirms Outlook

Sarla Buch
27 Nov, 2018
New York City

Accor reaffirmed to double profit by 2022. Greggs lifted profit forecast after strong sales in October and November. Pets at Home profit tumbled. Thomas Cook issued second profit warning in as many months.

Paychex to Buy Oasis Outsourcing, CenterState to Acquire National Commerce

Mukesh Buch
26 Nov, 2018
New York City

CenterState Bank agreed to buy National Commerce. Paychex agreed to buy rival Oasis Outsourcing Acquisition for $1.2 billion. United Technologies received Chinese regulatory approval for $30 billion deal with Rockwell Collins.

DNO Makes Direct Offer to DNO Shareholders, Logitech Ends Plantronics Talks

Sarla Buch
26 Nov, 2018
New York City

Aryzta surged on the improved outlook. Datagroup reported better-than-expected results. Faroe Petroleum surged on hostile bid from the Norway-based DNO. Logitech terminated acquisition talk with the U.S.-based Plantronics.

Virgin Atlantic May Acquire Flybe, GEA Lowers Outlook

Sarla Buch
23 Nov, 2018
New York City

Ibstock divested the U.S.-based business and reaffirmed fiscal forecast. Flybe approaches Virgin Atlantic for a possible sale. GEA Group tumbled after the food processor lowered fiscal outlook. Rotork third-quarter revenues soared. Saint-Gobain sells its China business.

Centrica Struggles with Customer Loss, Price Caps; Mitchells & B Net Jumps

Sarla Buch
22 Nov, 2018
New York City

Befesa profit surged. Centrica declined after the utility lost home energy customers and cap on energy prices. Severn Trent reported nearly flat earnings. Mitchells & Butlers said net soared 65%. United Utilities reported upbeat first-half results.

Deere & Co Sales Jump, Gap to Close Stores with Lagging Sales

Mukesh Buch
21 Nov, 2018
New York City

Autodesk reported better-than-expected results. Copart reported strong first-quarter results. Deere & Co net and revenues jumped. Foot Locker upbeat earnings lifts stock. The Gap net soared.

Porsche Lowers Outlook on Rising Global Tensions, Johnson Matthey Shines

Sarla Buch
21 Nov, 2018
New York City

BTG is considering to accept an offer from the U.S.-based Boston Scientific for

Best Buy Reported Strong Results; Target, TJX and Ross Drop

Mukesh Buch
20 Nov, 2018
New York City

Analog Devices beat earnings results. Best Buy reported better-than-expected results. Campbell Soup quarterly profit beats estimates. Kohl''s net surged and retailer lifted earnings per share forecast. TJX fell despite strong results. Target missed earnings estimates.

Compass Group Optimism Lifts Stock, Wirecard Falls on Weak Guidance

Sarla Buch
20 Nov, 2018
New York City

AVEVA first-half revenues surged after strong demand in industrial software. Compass reported better-than-expected results. Dermapharm net fell but forecasted improved fiscal revenues. EasyJet profit surged 41%. Wirecard plummeted on lower profit guidance.

Market Update