Market Update

SAIC to Acquire Engility Holdings, United Rentals to Buy BlueLine Rental

Mukesh Buch
10 Sep, 2018
New York City

Destination Maternity net loss widened but the retailer reaffirmed fiscal outlook. Retailer Fred''s agreed to sell its pharmacy patient prescription business to Walgreens. Hovnanian Enterprises net loss narrowed. SAIC profit soared.

Richemont Sales Surges 22%, Hannover Re Issued Positive Outlook

Sarla Buch
10 Sep, 2018
New York City

bet-at-home.com net tumbled 43% on 15% plunge in revenues. Associated British Foods forecasted fiscal profit in its sugar division to decline. Hannover Re forecasted stable prices and conditions. RPC Group is in preliminary talk to go private.

Five Below, Palo Alto Soar; GameStop Net Swing to Loss

Mukesh Buch
07 Sep, 2018
New York City

Barnes & Noble soared as mounting losses lifts of hopes of more changes at the troubled retailer. Five Below reported better-than-expected results. GameStop net swung to a loss. Marvell Technology missed profit estimate. Palo Alto Networks revenues jumped.

Ashmore Assets Surge 26%, Amer Greene King Jumps 7%

Sarla Buch
07 Sep, 2018
New York City

Amer Sports plans to sell its cycling and fitness equipment businesses. Ashmore net declined but assets under management surged 26%. Gear4music reported stronger sales in all regions. Greene King comparable sales increased 2.8%.

Donaldson, Navistar Beat Estimates, Lands End Same Store Sales Worries

Mukesh Buch
06 Sep, 2018
New York City

Aerovironment surged after net swung to profit. Donaldson net surged 50%. DocuSign plunged after net loss widened. G-III Apparel net swung to profit. Lands'' End tumbled after net loss widened. Navistar reported strong results. Verint Systems net swung to profit.

Safran Advances in Positive Surprise, Wendel Net Plunges

Sarla Buch
06 Sep, 2018
New York City

Ambu fell after its lead investor lowered its stake. Safran lifted profit outlook on stronger visibility of orders. Sodexo declined after weak revenue estimate. Wendel profit declined 8%.

HD Supply Net Tumbles 70%, Delta Air August Traffic Jumps

Mukesh Buch
05 Sep, 2018
New York City

Calavo Growers net surged. Caleres net surged. Delta Air Lines said August month global traffic jumped. General Mills reaffirmed fiscal outlook. HD Supply net tumbled 70%. HealthEquity reported upbeat earnings results. RH plunged despite strong results. Workday net loss widened.

Bayer Lowers Forecast, BioMerieux Lifts Outlook

Sarla Buch
05 Sep, 2018
New York City

BioMerieux revised fiscal outlook after profit surged 33%. Barratt Developments reported strong performance. Bayer lowered earnings outlook as profit missed estimates on Monsanto deal. Berkeley reaffirmed pretax profit for five-year period to 2021. Barratt profit and sales jumped.

Southwestern Energy to Sell Fayetteville Assets for $1.9 B

Mukesh Buch
04 Sep, 2018
New York City

Aquestive Therapeutics net loss widened but revenues jumped. Conn''s plunged on weak same store sales volumes. NAPCO Security said profit and revenues soared. Southwestern Energy agreed to sell its Fayetteville Shale exploration assets for $1.9 billion.

ING Settles Money Laundry Charges, SCOR Rejects

Sarla Buch
04 Sep, 2018
New York City

Iliad said profit declined 12% and total paid subscriber based declined. ING agreed to pay fine of

Sanofi Wins EU Approval for Nano-body Drug, Bollore Net Soars 25%

Sarla Buch
03 Sep, 2018
New York City

Bollore profit surged after strong performance across all logistics segments. Casino Guichard clarified that the latest rating downgrade overlook asset disposal plan. Ontex rejected revised unsolicited and non-binding cash proposal.

Lululemon, Ulta Salon Reported Strong Results, Copper Co Net Drops 15%

Mukesh Buch
31 Aug, 2018
New York City

Ambarella net surged. Big Lots net declined on flat revenues. The Cooper Co fell after results disappointed traders. Lululemon reported upbeat results. Signet net swung to a loss. Ulta Salon reported better-than-expected results.

Coca-Cola Buys Costa for

Sarla Buch
31 Aug, 2018
New York City

Scandinavian Airlines profit surged and lifted fiscal outlook. Sto profit declined 28% on negative currency effects. Total SA agreed to sell its China-based polystyrene business. Whitbread agreed to sell its coffee chain Costa to Coca-Cola.

Campbell Pressured to Restructure, Dollar Tree Plunges 11%

Mukesh Buch
30 Aug, 2018
New York City

Ciena net plunged but revenues surged. Campbell Soup beat earnings estimates. Dollar General reaffirmed earnings outlook. Dollar Tree plunged after weak earnings estimates. PVH reported strong results. Salesforce net surged.

Bouygues Lifts Outlook on Twin Strength, Unibail Net Plunges

Sarla Buch
30 Aug, 2018
New York City

Bouygues profit jumped after strong operating profit in telecom and construction segments. Elekta profit declined 16% despite revenues soared 10%. Hays net soared on 12% jump in revenues. Unibail Rodamco net plunged 56%.