ticker

AmEx Lifts Estimates, BB&T Loan Growth Improves; IBM Net Rises

Mukesh Buch
19 Jul, 2018
New York City

Alcoa plunged on flat profit. American Express lifted revenues estimate. The BNY Mellon net jumped. Blackstone profit surged 120%. BB&T net jumped on improved loan growth. IBM net rose. Philip Morris shipment increased. Union Pacific net surged.

Unilever Battles Volatile Prices and Currencies; ABB Wins More Orders

Sarla Buch
19 Jul, 2018
New York City

ABB profit surged 30%. Alstom revenues jump and new orders soared 38%. Publicis reported disappointed first-half results. SAP reported better-than-expected results. Unilever profit and revenues declined as the consumer products group faces price war, truck strike in Brazil and volatile currencies.

Abbott, Grainger Lift Outlook; Morgan Stanley and US Bancorp Beat Estimates

Mukesh Buch
18 Jul, 2018
New York City

Abbott net soared and lifted fiscal outlook. Grainger surged on strong profit and guidance. Intuit out sources its data centers. Morgan Stanleytrading revenue drives profit increase. M&T Bank net soared. Northern Trust acquisition drives profit higher. US Bancorp net surged.

ASML Stretches Profit Streak, Novartis Profit Jumps

Sarla Buch
18 Jul, 2018
New York City

ASML profit surged on 24% jump in revenues. Electrolux profit tumbled after the appliance maker took a provision for unfavorable court ruling in France. EasyJet said revenues soared. Ericsson net loss widened. Novartis reported strong growth.

Goldman Sachs Bond Trading Revenue Surges, UnitedHealth Net Soars

Mukesh Buch
17 Jul, 2018
New York City

Comerica net jumped after loan losses declined. Charles Schwab said new accounts openings jumped to a record high in 18 years. Goldman Sachs reported better-than-expected results. Netflix declined on weaker-than-expected subscriber growth. UnitedHealth net surged.

Casino Groupe Organic Revenues Rise, Telenor Profit Surges

Sarla Buch
17 Jul, 2018
New York City

Groupe Casino organic revenues accelerate but negative currency effects dragged total sales down. Hella reported strong annual sales and profit. Telenor profit surged and telecom services provider reaffirmed fiscal outlook. Schibsted net tumbled 68%.

Bank of America, Blackrock Report Stronger Results, JB Hunt Net Plunges

Mukesh Buch
16 Jul, 2018
New York City

Allied Universal agreed to acquire domestic rival U.S. Security Associates for $1 billion. Bank of America profit surged. Blackrock reported strong financial results. Black Box tumbled after net loss widened. JB Hunt Transport net plunged but revenues surged.

Deutsche Bank Surges 7%, Dialog Semiconductor Issued Positive Outlook

Sarla Buch
16 Jul, 2018
New York City

Deutsche Bank forecasted second-quarter revenues and profit above estimates. Dialog Semiconductor forecasted strong profit and revenues in June quarter. Dragerwerk said second-quarter net income declined. Orange agreed to acquire Sweden-based Basefarm Holding.

Citigroup, Wells Fargo Miss Estimates, JPMorgan Reported Record Profit

Mukesh Buch
13 Jul, 2018
New York City

Citigroup reported weaker-than-expected results. First Republic Bank net jumped on strong demand in business loans. JPMorgan reported record second-quarter profit. PNC Financial profit beat estimates. Wells Fargo net plunged on weak revenues.

Altran Plunges 28%, GAM Declines on Profit Warning

Sarla Buch
13 Jul, 2018
New York City

Altran tumbled 28% after it identified a fraud at its recently acquired U.S. unit. Gjensidige blamed weaker profit on winter conditions. European Union approved Ryanair to increase its stake to 75% in Austrian rival Laudamotion. GAM Holding plummeted on profit warnings.

Delta Air Lowers Outlook; Bank of the Ozarks, Valmont Decline

Mukesh Buch
12 Jul, 2018
New York City

Bank of the Ozarks reported strong quarterly earnings results. Commerce Bancshares net soared. Delta Air lowered fiscal 2018 earnings forecast on higher fuel cost. T. Rowe said assets under management increased to $1.04 trillion.

Gerresheimer Exceed Expectations, Suedzucker Drops on Weaker Outlook

Sarla Buch
12 Jul, 2018
New York City

Aker Solutions profit surged and the oil services provider offered a positive outlook. DNB, the Norway based bank said net soared. Gerresheimer surged on better-than-expected results. Suedzucker declined after operating profit plunged 49%.

AngioDynamics Drops on Weak Revenue, Fastenal, WD-40 Shine

Mukesh Buch
11 Jul, 2018
New York City

AngioDynamics tumbled on weak revenues. AAR Corp net declined but reaffirmed fiscal outlook. Fastenal surged after stronger-than-expected results. MSC Industrial Direct net soared on. WD-40 Co reported strong third-quarter results.

Barratt Lifts Outlook, Indivior Plunges After Market Share Loss to Dr Reddy

Sarla Buch
11 Jul, 2018
New York City

Burberry reported disappointed sales in Asia Pacific and Americas. Barratt Developments forecasted pretax profit to jump after average selling price jumped 5%. Indivior tumbled after company suffered market share loss in the opioid treatment to the India based generic drug maker.

PepsiCo Reaffirms Outlook on International Strength, WD-40 in Focus

Mukesh Buch
10 Jul, 2018
New York City

PepsiCo net declined but the food and beverage maker reaffirmed fiscal 2018 forecast and highlighted strength in international markets. The Simply Good Foods net more than doubled.

Market Update