ticker

French Retailers Casino, Auchan in Partnership Talk

Sarla Buch
03 Apr, 2018
New York City

Adesso profit declined but revenues soared 23%. Groupe Casino in partnership talks with Auchan Retail and profit tumbled 95%. CPI Property profit soared 51% on 25% jump in revenues. Eurofins Scientific fell after acquisition of South Korea-based rival Lab Frontier.

S&P 500, Nasdaq Plunge 2.7% as Trump Trade War Intensifies

Mukesh Buch
02 Apr, 2018
New York City

ARMO BioSciences net loss widened. Argos Therapeutics net loss narrowed after revenues jumped. Cal-Maine Foods slumped despite strong third-quarter results. NextEra Energy Partners agreed to sell its six Canadian wind power business for $741 million.

Synnex Profit Tumbles, Worthington Net Jumps

Mukesh Buch
30 Mar, 2018
New York City

Mustang Bionet and Ovid Therapeutics loss widened. Synnex profit tumbled but revenues soared 29%. Worthington Industries surged after profit more than doubled on strong demand.

Manz AG Net Drops, IMMOFinanz Loss Narrows

Sarla Buch
30 Mar, 2018
New York City

IMMOFINANZ net loss narrowed after revenues increased. Manz profit declined but revenues soared 41%. Software AG net tumbled 50%. Sodexo said revenues in North America dropped in health care and education segments.

Constellation Brands Beats Estimates, Movado Lifts Dividend

Mukesh Buch
29 Mar, 2018
New York City

AngioDynamics declined on sales weakness Constellation Brands profit more than doubled on strong demand in beer. Lindsay stock surged on smaller than expected income decline. Movado surged on strong sales. SAIC profit and sales surged.

Nissan, Renault Merger Speculation Again, BayWa Rebounds on Turnaround

Sarla Buch
29 Mar, 2018
New York City

BayWa profit soared after diversified business and global expansion in renewable energy. Gelsenwasser profit plunged 15% but revenues soared 9%. Nemetschek surged on improved fiscal 2020 forecast. Renault and Nissan merger talk speculation resurfaces.

Orpea Profit Tumbles but Rehab Demand Surge, SMA Solar Declines

Sarla Buch
28 Mar, 2018
New York City

Hilton Food revenue soared on higher volume. Orpea struggled with profitability despite rising revenues. SMA Solar plunged after revenues declined on weak demand in the U.S. The W & W Group profit jumped 9.6% but revenues plummeted 21%.

Walgreens Net Surges 27%, BlackBerry Loss Narrows

Mukesh Buch
28 Mar, 2018
New York City

BlackBerry net loss narrowed but sales plunged 19%. Omnova Solutions net profit doubled and reaffirmed fiscal forecast. SecureWorks net swung to profit. UniFirst surged after strong profit and revenues. Walgreens Boots Alliance net soared on 12% jump in revenues.

FactSet and Red Hat Surge Ahead on Expectations, McCormick Lifts Outlook

Mukesh Buch
27 Mar, 2018
New York City

Foxconn agreed to acquire the U.S.-based Belkin International for $886 million. FactSet reported strong revenues growth. IHS Markit profit and revenues soared. McCormick lifted fiscal outlook. Red Hat reported better-than-expected results.

Akzo Divest Chemical Unit to Carlyle, H&M Profit Declines on Weak Sales

Sarla Buch
27 Mar, 2018
New York City

Akzo Nobel sells its chemicals business to Carlyle for

Finish Line Agrees to JD Sports Offer, Paychex Offers Upbeat Outlook

Mukesh Buch
26 Mar, 2018
New York City

Finish Line surged after the retailer agreed to the offer from the U.K.-based retailer. Kala Pharmaceuticals net loss widened. Paychex net surged 29%. Remington Outdoor filed for Chapter 11 protection. Victory Capital net swung to profit.

Gebr Knauf in $6 B Deal with USG Corp, Smurfit Rejects Revised $11 B Offer

Sarla Buch
26 Mar, 2018
New York City

Bouygues agreed to buy engineering services business of Alpiq for 850 million Swiss francs. Gebr Knauf offered $6 billion to the U.S.-based rival USG Corp. Smurfit Kappa rejected revised higher $11 billion takeover proposal from the U.S.-based International Paper Inc.

Micron Profit Jumps on Strong Demand, Nike Net Swing to Loss

Mukesh Buch
23 Mar, 2018
New York City

Cintas soared after the uniform maker reported better-than-expected results. KB Home net swung to a loss despite revenues jumped 6%. Micron Technology profit surged on strong demand. Nike swung to a loss.

Bollore, Deutsche Wohnen Profit Jump; Smiths Net Tumbles on Higher Costs

Sarla Buch
23 Mar, 2018
New York City

Bollore profit surged. Deutsche Wohnen profit soared 13% on 6% jump in revenues. Next Plc said online sales surged but retail sales declined. Smiths Group profit tumbled on higher research costs and the diversified engineering company lowered margins.

Accenture Drops on Margin Worries, Carnival Lifted Outlook

Mukesh Buch
22 Mar, 2018
New York City

Accenture declined after operating margin declined. Carnival lifted fiscal outlook. ConAgra net jumped despite higher costs. Darden soared and reaffirmed fiscal outlook. G-III tumbled despite net loss narrowed. Guess surged on strong profit.

Market Update