Market Update

Coca-Cola Revenue Plunges, Deere Lifts Revenue Estimates

Mukesh Buch
16 Feb, 2018
New York City

Ameren net swung to a loss on tax bill charges. Barnes Group beats earnings estimates. Coca-Cola net swung to a loss and revenues plunged 20%. Deere & Co lifted revenues forecast. Smucker raised fiscal outlook.

Pension Hurt Positive Quarter at Air France, Renault Reports Record Profit

Sarla Buch
16 Feb, 2018
New York City

Air France KLM reported rising revenues and plans to expand capacity but pension costs hurt quarterly results. EDF estimated profit to rebound on higher power prices. Pfeiffer Vacuum revenues surged. Renault reported record 2017 earnings on higher vehicle sales.

Cisco at 17-Year High on Growth Outlook, Omnicom Plunges on Weak Revenue

Mukesh Buch
15 Feb, 2018
New York City

Acorda Therapeutics net loss widened but revenues surged. ALLETE missed profit and revenue estimates. Cisco offered upbeat revenue growth forecast and stock surges. EQT swung to a loss. Omnicom net tumbled on weak revenues. Sonoco net slumped but revenues jumped.

Airbus Profit Jumps on Record Deliveries, Nestle Revenues Decline

Sarla Buch
15 Feb, 2018
New York City

Airbus profit surged on record plane deliveries. Aegon net declined but revenues jumped. Air Liquide beats profit estimates. Nestle profit tumbled on weak revenues in for the first time in several decades.

ACCO, Fossil Surge on Strong Results; Hilton Revenues Jump

Mukesh Buch
14 Feb, 2018
New York City

ACCO Brands net jumped. Cedar Fair reported record earnings. Fossil surged after strong results. Hilton revenue jumps as hotel booking rise and average room rate expand. Lithia Motors profit and revenues jumped. Wyndham Worldwide net surged.

Credit Suisse Reports 3rd Annual Loss; Sky, BT in

Sarla Buch
14 Feb, 2018
New York City

Bilfinger net swung to a loss. Criteo surged on strong financial results. Credit Agricole reported double-digit growth. Credit Suisse sounded upbeat despite annual loss. Sky and BT agreed to pay

PepsiCo Reports Softness in Beverages, Snack Units; JetBlue Traffic Eases

Mukesh Buch
13 Feb, 2018
New York City

Dana net swung to a loss. JetBlue revenue passengers and load factor declined. PepsiCo net swung to a loss on flat sales. Rapid7 net loss widened. AmerisourceBergen surged after report that Walgreens broached the merger proposal.

Kering Profit Soars on Gucci, YSL and Puma, TUI Reaffirms 2018 Outlook

Sarla Buch
13 Feb, 2018
New York City

Aurubis net surged and copper smelter said it is in preliminary talks to sell its flat rolled products unit. Kering said profit was lifted by Gucci, Yves Saint Laurent and Puma brands. TUI reaffirmed fiscal 2018 outlook. Ubisoft revenues surged 47%.

General Dynamics in $6.8 B Deal with CSRA, Loews Net Jumps

Mukesh Buch
12 Feb, 2018
New York City

CNA Financial beats earnings estimates. Dycom declined after weak fiscal outlook. Diamond Offshore Drilling net swung to a loss and revenues declined 12%. First Data upbeat fourth-quarter earnings result. General Dynamics to buy CSRA for $6.8 billion. Loews net jumped.

TDC Agrees on $6.7 B Takeover Offer, Heineken Margin Growth Target Lowered

Sarla Buch
12 Feb, 2018
New York City

Carl Zeiss profit declined but the medical devices maker lifted operating margin forecast. Heineken net surged but lowered operating margin estimates. PUMA net soared. TDC agreed to $6.7 billion takeover offer from Australia-based Macquarie and three domestic pension funds.

NY Times Subscription Revenues Jumps, Nvidia Revenue Surges

Mukesh Buch
09 Feb, 2018
New York City

Coherent results exceeded expectations. Moody''s revised fiscal year outlook. New York Times said subscription revenues jumped. Nvidia reported better-than-expected results. Tenneco net soared 79% on 11% jump in revenues.

A.P. Moller Misses Expectations, L

Sarla Buch
09 Feb, 2018
New York City

A.P. Moller missed fourth-quarter core profit expectations. Amundi plunged despite revenues jumped 34%. Bechtle pretax profit jumped 12%. L''Oreal said strong demand in Asia drove sales. Umicore reported better-than-expected full-year results.

GrubHub, Twitter Surge; CVS Health, Kellogg, T-Mobile Beat Estimates

Mukesh Buch
08 Feb, 2018
New York City

CVS Health beats quarterly results estimates. GrubHub surged after partnership with Yum Brand. Kellogg earnings and revenues were ahead of expectations. T-Mobile subscriber base increase to 325 million. Twitter soared after strong revenue growth.

Soc Gen Profit Tumbles, Total Net Surges on Higher Prices and Low Cost

Sarla Buch
08 Feb, 2018
New York City

Akzo Nobel forecasted revenues growth of 3%. Societe Generale profit declined after restructuring costs and tax-related charges. Total S.A. profit soared 86% on higher prices. Vinci net and revenues jumped. Zurich Insurance reported strong annual performance.

Cognizant Beats Estimates, Humana Net Swings to Profit

Mukesh Buch
07 Feb, 2018
New York City

Ball Corp net soared on 10% jump in revenues. Cognizant reported higher than expected earnings on rising outsourcing revenues. Exelon reported strong results. Hasbro net swung to a loss and revenues dropped. Humana net swung to profit.