Market Update

Workspace Group Rides Real Estate Boom, Uniper Reaffirmed Outlook

Sarla Buch
06 Jun, 2018
New York City

Duerr agreed to acquire the environmental business of U.S.-based Babcock & Wilcox Enterprises. RPC Group plans to sell non-core businesses for disposal. Uniper reaffirmed fiscal outlook. Workspace Group net soared on 19% jump in revenues.

HD Supply Net Jumps; Genesco Tumbles

Mukesh Buch
05 Jun, 2018
New York City

Apergy net surged on 23% jump in revenues. Duluth Holdings plunged after net swung to a loss. G-III Apparel surged. Genesco tumbled on weak sales forecast. HD Supply jumped after net and revenues soared.

Philips to Buy U.S. Based EPD Solutions, Soc Gen Sells Spanish Unit to Warburg

Sarla Buch
05 Jun, 2018
New York City

Modwen Properties said home sales surged 31%. Philips Electronics agreed to acquire the U.S.-based EPD Solutions for about

Dell Segment Revenue Surges, Palo Alto Loss Narrows

Mukesh Buch
04 Jun, 2018
New York City

Analogic beats earnings estimates. Construction Partners net soared on 8% jump in revenues. Dell Technologies revenues surged more than expected. Palo Alto net loss narrowed on record revenues.

Accor Mulls Air France KLM Stake, Rickemont Sells Lancel

Sarla Buch
04 Jun, 2018
New York City

Accor plans to acquire 14.3% stake in the Air France KLM. CYBG revised its

Costco Store Sales Soar, Lululemon Beats Estimates

Mukesh Buch
01 Jun, 2018
New York City

Abercrombie & Fitch beats revenue estimate but the stock still traded down. Big Lots net tumbled 39%. Caleres net soared. Costco reported strong comparable store sales growth. Marvell profit soared on growth in core business. Lululemon surged on strong growth.

Dialog Tumbles on Apple Worries, Rio Tinto Completes Australian Coal Mine Sale

Sarla Buch
01 Jun, 2018
New York City

Dialog Semiconductor tumbled on the worries that Apple may cut power chip orders. Elekta net surged but lowered fiscal operating margin. Laurent Perrier profit declined on weak sales. Rio Tinto completed the sale of its 75% stake in coal project in Australia.

Burlington Stores Lifts Outlook; Dollar Tree and Dollar General Drop

Mukesh Buch
31 May, 2018
New York City

American Eagle reported record first-quarter revenues. Ciena fell after net plunged 63%. Burlington Stores soared on improved outlook. Dollar Tree lowered fiscal outlook. Dollar General missed same store sales.

UK Clears Informa, UBM Merger; FirstGroup Tumbles on Quarterly Loss

Sarla Buch
31 May, 2018
New York City

CRH forecasted higher margin and said it has

HP Profit Jumps on Rising Demand, Salesforce Beats Estimates

Mukesh Buch
30 May, 2018
New York City

Analog Devices net surged on 32% jump in revenues. Chico''s tumbled on weak results. DICK''S Sporting surged after lifted fiscal outlook. HP profit jumped on strong demand. Salesforce reported stronger-than-expected results.

Bayer Asked to Divest $9 B Assets, Vivendi Loses Soccer Broadcasting Rights

Sarla Buch
30 May, 2018
New York City

U.S. antitrust regulators asked Bayer to sell $9 billion of assets as a part of the deal to clear Monsanto acquisition. China controlled private equity fund won French soccer broadcasting rights.

Booz Allen, American Woodmark, Momo, Multi-Color Soar

Mukesh Buch
29 May, 2018
New York City

Advanced Drainage Systems net soared. American Woodmark soared on strong quarterly result. Booz Allen forecasted higher revenue growth after profit jumped 28%. Momo profit and revenues surged.

Vedanta Ordered to Close Plant in India, Elior Net Drops

Sarla Buch
29 May, 2018
New York City

Dixons Carphone declined on profit warning. Elior Group slumped on weak outlook after profit tumbled 36%. Rocket Internet net swung to profit on strong revenue growth. Tamil Nadu state in India ordered Vedanta Resources to close its local copper smelter plant permanently.

Swiss Re Ends Stake Talk with SoftBank, Sixt Leasing Net Falls

Sarla Buch
28 May, 2018
New York City

Germany-based medical technology products maker MUT reported rising profit and held out for positive outlook. Smiths Group is in preliminary talk to sell its medical division with the U.S.-based ICU Medical. Sixt Leasing net fell. Swiss Re ended minority stake talks with Japan-based SoftBank.

Gap, Hibbett Sports, Ross Stores Decline but Foot Locker Surges

Mukesh Buch
25 May, 2018
New York City

Autodesk lowered fiscal 2019 outlook. Buckle fell, Gap tumbled on disappointed results and Hibbett Sports tumbled after missing estimates. Rose Stores plummeted but Foot Locker earnings were ahead of expectations.