ticker

Bayer Trims Monsanto Synergy Estimate, GVC Offers Positive Outlook

Sarla Buch
25 May, 2018
New York City

Aeroports De Paris a construction contract for Sharjah Airport. Bayer cuts its Monsanto synergy estimated to $1.2 billion. GVC estimated positive outlook for the current year.

Best Buy Results Exceed Expectations, Williams-Sonoma Soars on Revenue Beat

Mukesh Buch
24 May, 2018
New York City

Best Buy net surged on 7% jump in revenues. Brady Corp issued cautious outlook. L Brands lowered fiscal outlook after profit tumbled 50%. McKesson

Deutsche Bank to Eliminate 7,000 Jobs, Deutsche Telekom Net Soared

Sarla Buch
24 May, 2018
New York City

Swiss bakery products maker Aryzta tumbled after the company lowered its outlook and operating margins. Deutsche Bank plan to eliminate equities 7,000 jobs and lower its risk capital. Deutsche Telekom profit surged but revenues declined.

Hewlett Packard Revises Outlook; Intuit and Ralph Lauren Advance

Mukesh Buch
23 May, 2018
New York City

Hewlett Packard reported strong second-quarter results. Intuit earnings beat estimates. Tiffany reported better-than-expected first-quarter results. Target declined after first-quarter earnings missed expectations. Urban Outfitters net surged 245%.

Marks & Spencer to Close More Stores, Julius Baer Asset Flows Pick Up

Sarla Buch
23 May, 2018
New York City

CTS Eventim revenues advance on rising ticketing activities. Julius Baer said asset under management advanced strong inflows in Europe. Marks & Spencer profit tumbled on weak revenues. Vapiano said net loss in the quarter narrowed.

TJX Estimates 20% Jump in Earnings, Toll Brothers Home Deliveries Soar

Mukesh Buch
22 May, 2018
New York City

Advance Auto Parts net soared but sales fell. AutoZone earnings beat estimates. Cracker Barrel profit and revenues jumped. Dycom tumbled on lowered outlook. Kohl`s traded lower. TJX estimated 2019 earnings to jump 20%. Toll Brothers net surged.

Big Yellow Net Surges; Evotec and Celgene in Oncology Partnership

Sarla Buch
22 May, 2018
New York City

Big Yellow net surged. Evotec and Celgene signed strategic oncology partnership. Greencore reported strong revenues growth. HomeServe profit soared after the U.S. customer count jumped 20%.

GE to Merge Engine Unit with Wabtec, Fifth Third Buys MB Financial

Mukesh Buch
21 May, 2018
New York City

Blackstone agreed to acquire LaSalle Hotel $4.8 billion. Fifth Third Bancorp agreed to buy MB Financial in $4.7 billion. GE will merge its transportation business with Wabtec for $11 billion. Micron Technology lifted third-quarter revenues and profit forecast.

British Air Parent Pursues Norwegian Shuttle, Ryanair Lowers Profit Estimate

Sarla Buch
21 May, 2018
New York City

EDF is reported to be in talks to sell its 49% stake in the U.K.-based wind farms business. The U.K. competition regulator plans to investigate the proposed merger of two retailers Sainsbury and Asda. Ryanair warned fiscal 2019 profit is likely to be affected by higher energy prices.

PayPal Buys Swiss-based iZettle, Deere to Lift Prices and Posted Mixed Results

Mukesh Buch
18 May, 2018
New York City

Campbell tumbled on weak outlook. Deere & Co profit jumped. Flowers Foods net declined but reaffirmed fiscal outlook. PayPal agreed to buy Sweden-based rival iZettle for $2.2 billion.

Crestor Sales Drop Dampens AstraZeneca, Richemont Growth Anchored in China

Sarla Buch
18 May, 2018
New York City

AstraZeneca profit declined after Crestor sales decline in Europe and Japan affected results. Lloyds agreed to sell its Ireland-based residential mortgage business to Barclays for

Walmart Online Sales Soar but Net Income Tumbles, Cisco Earnings Jump 7%

Mukesh Buch
17 May, 2018
New York City

Cisco reported better-than-expected results. Children''s Place declined after profit plunged. Dillard''s profit and revenues beat estimates. JC Penney tumbled despite net loss narrowed. Walmart online sales surge and sales international markets advances.

Ocado Surges on Kroger Deal, Telecom Italia and Bouygues Add Subscribers

Sarla Buch
17 May, 2018
New York City

Bouygues net swung to profit after the telecom unit added more subscribers. Ocado surged on a technology deal with the U.S.-based The Kroger Co. Telecom Italia net jumped on a steady increase in mobile service subscribers. Suedzucker profit fell as sugar prices continued to drift lower.

Macy's Surges on Sales Increase Surprise, Canadian Solar Net Plunges

Mukesh Buch
16 May, 2018
New York City

Canadian Solar net plunged 29% but revenues soared 28%. GTx net loss widened. Macy''s surged after sales increased more than expected and the retailer lifted outlook. ObsEva net loss widened.

Alstom Sales Rise as Signaling Sales Inch Up, Elior Tumbles on Outlook

Sarla Buch
16 May, 2018
New York City

Alstom annual sales rise as deliveries in Europe and Asia and Middle East jump and signaling and system sales increase to 57%. Elior tumbled 17% on profit warning. Leoni profit surged and lifted fiscal outlook. Wirecard revenues soared 53%.

Market Update