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Market Update

H&M Net Declines, OSRAM Licht Tumbles on Lower Fiscal Outlook

Sarla Buch
28 Jun, 2018
New York City

Hennes & Mauritz reported weaker-than-expected quarterly earnings. John Wood declined on weak outlook. OSRAM Licht tumbled after the company lowered revenues and profit forecast. Sanofi agreed to sell its European generics business Zentiva for about

Conagra to Buy Pinnacle Foods, GE to Spin-off Healthcare Unit

Mukesh Buch
27 Jun, 2018
New York City

Conagra net plunged and agreed to buy Pinnacle Foods for $10.9 billion. General Mills net declined on weak sales. GE plans to spin off its healthcare business to Baker Hughes. Paychex net surged. Sonic beats third-quarter earnings estimates. UniFirst Net Jumped.

EU to Investigate BASF, Solvay Deal; Costa Coffee Sales Drop

Sarla Buch
27 Jun, 2018
New York City

Bunzl forecasted revenue in the first-half to surge 11%. The European antitrust opened investigation into BASF and Solvay deal. Costa Coffee total sales surged 5.2% but comparable sales dropped 2%. Xaar tumbled on weak outlook.

Greystar in $4.6 B Deal; Atlas Air Lifts Outlook, Lennar Rides Housing Boom

Mukesh Buch
26 Jun, 2018
New York City

Akamai Technologies lowered revenues forecast. Atlas Air lifted earnings estimate. Carnival reported strong second-quarter results. FactSet Research net soared on 9% jump in revenues. Greystar agreed to acquire EdR for $4.6 billion. Lennar net and revenues surged.

Eutelsat Explores Inmarsat Merger, IHS Markit Reports Stronger Results

Sarla Buch
26 Jun, 2018
New York City

Eutelsat plans to bid for the U.K.-based rival Inmarsat. Eurofins Scientific raised fiscal 2018 revenues growth. Elior plunged despite set sales growth and cash flow under new strategic plan up to 2021. IHS Markit reported stronger than expected results after the merger.

Red Hat Plunges on Weak Outlook, CarMax on Surprise Sales Increase

Mukesh Buch
22 Jun, 2018
New York City

BlackBerry plunged after net swung to a loss on 9% decline in revenues. CarMax surged after net and revenues soared. Park Electrochemical jumped after net more than doubled. Red Hat tumbled on weak forecast.

Airbus Departure May Threaten 11,000 Jobs in Wales

Sarla Buch
22 Jun, 2018
New York City

Airbus warns that it may leave the U.K. if the nation fails to finalize its agreement with the European Union. Unipol Gruppo plans to acquire an additional 5.2% stake to own total of 15% stake in the domestic rival BPER Banca for

Kroger, Micron Profit Surge; Darden Restaurants Surged on Outlook

Mukesh Buch
21 Jun, 2018
New York City

Barnes & Noble fell after net loss widened. Commercial Metals missed earnings estimates. Darden Restaurants surged on improved outlook. The Kroger reported strong profit in the first-quarter. Micron Technology net surged on 40% jump in revenues.

Daimler Drops on Trade War Talk Worries, Dixons Net Tumbles

Sarla Buch
21 Jun, 2018
New York City

BP abandoned to acquire Australia-based Woolworths fuel retail station deal. Daimler said profits may be hit by the U.S. and China trade war fears. Dixons Carphone profit tumbled. JCDecaux proposed to acquire Australia-based rival.

FedEx Raise Revenues Forecast, Oracle Cloud Revenues Lift Results

Mukesh Buch
20 Jun, 2018
New York City

Actuant lifted fiscal outlook. FedEx raised fiscal outlook. La-Z-Boy missed revenue estimates. Oracle reported strong growth after cloud services revenues soared. Winnebago beats earnings estimates.

Berkeley Lifts Profit Outlook, France Based Engie Sells Thailand Stake

Sarla Buch
20 Jun, 2018
New York City

British Land reported rising interest in its Broadgate project. U.K. home builder Berkeley lifted profit guidance. Colruyt supermarket operator said profit fell. Engie agreed to sell its 69% stake in Thailand-based Glow Energy for

FedEx, Oracle Drop Ahead of Results, Jefferies Net Jumps

Mukesh Buch
19 Jun, 2018
New York City

Jefferies Group net surged on 20% jump in revenues. FedEx, La-Z-Boy and Oracle declined ahead of fourth-quarter earnings results.

Ashtead Reported Strong Results, Debenhams Issues Third Profit Warning

Sarla Buch
19 Jun, 2018
New York City

Ashtead profit surged on 21% jump in revenues. Debenhams offered third profit warning in six months. Footasylum tumbled on weak profit and the retailer plans for higher store investment.

Google Parent to Invest $500 M in JD.com, JD Sports Acquires Finish Line

Mukesh Buch
18 Jun, 2018
New York City

Canada Goose soared on long-term outlook. The Finish Line and the U.K.-based JD Sports completed their merger. JD.com and Alphabet announced a strategic partnership.

CYBG to Buy Virgin Money for

Sarla Buch
18 Jun, 2018
New York City

CYBG agreed to acquire Virgin Money for