World Market Updates
Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jump
Updated: 7 years 25 weeks ago
Fred's Net Loss Narrows, Lee Enterprises Profit Surges
Fred''''s net loss narrowed despite a drop in net sales. KalVista Pharmaceuticals net loss narrowed. Lee Enterprises net surged 28% but revenues fell. Vince Holding beat earnings estimates.
LVMH to Buy Belmond, Balfour Beatty Says Profit May Beat Expectations
Balfour Beatty forecasted profits is likely to be ahead of expectations. LVMH agreed to acquire luxury hotels operator Belmond for $3.2 billion. SThree forecasted gross profit to jump 12%.
GAM Drops to 20-year Low on Record Loss; Metro, Tui Profit Soar
G4S plans to separate its cash and security business. GAM tumbled after the company was forced to write down assets linked to fraud. Metro profit jumped but revenues fell. Tui profit surged but pre-tax profit declined 10%.
Adobe, Costco Profit Surge; Danaher, United Rentals Reaffirms Outlook
Adobe missed earnings estimates but net jumped 35%. Costco reported strong first-quarter results. Ciena beats estimates. Danaher reaffirmed fiscal outlook. First Solar jumped on higher fiscal earnings forecasts.
Pivotal Rides Shift to Cloud, Progressive Net Jumps 57%
Pivotal Software beats earnings estimates. Photronics net surged 55% on 20% jump in revenues. Progressive Corp net jumped 57%. Vera Bradley net soared but revenues plunged.
Inditex Misses Estimates, Rolls Royce Soars 5% on Forecast
Dixons Carphone net swung to a loss on weak revenues. Marshalls said revenues surged 14% and the company agreed to acquire concrete brick maker Edenhall. Inditex missed earnings estimates. Rolls-Royce soared on strong operating profit forecasted.
Ascena Retail, DSW Surge on Outlook, Casey's Gen Reported Strong Results
Ascena Retail net plunged on flat revenues. American Water Works reaffirmed fiscal 2018 forecast. Casey''s General reported better-than-expected results. DSW net plunged but lifted fiscal outlook. Enbridge reaffirmed fiscal outlook. Synnex revised fiscal outlook higher.
Travelport Agrees to $4.4 B Deal, Tivity to Buy Nutrisystem
Mitek Systems received revised higher offer from ASG Technologies. Travelport agreed to be acquired for $4.4 billion. Tivity Health agreed to acquire Nutrisystem for $1.4 billion.
Air France KLM November Traffic Jumps, BASF Lowers Profit Outlook
Air France KLM said passenger count in November jumped 3.3%. AF AB agreed to acquire Finland-based rival Poyry Plc. BASF reduced its profit outlook. Interserve plunged 51%. Perstorp agreed to sell its adhesive division to the U.S.-based Ingevity Corp.
Paychex to Buy Oasis Outsourcing, CenterState to Acquire National Commerce
CenterState Bank agreed to buy National Commerce. Paychex agreed to buy rival Oasis Outsourcing Acquisition for $1.2 billion. United Technologies received Chinese regulatory approval for $30 billion deal with Rockwell Collins.
DNO Makes Direct Offer to DNO Shareholders, Logitech Ends Plantronics Talks
Aryzta surged on the improved outlook. Datagroup reported better-than-expected results. Faroe Petroleum surged on hostile bid from the Norway-based DNO. Logitech terminated acquisition talk with the U.S.-based Plantronics.
Virgin Atlantic May Acquire Flybe, GEA Lowers Outlook
Ibstock divested the U.S.-based business and reaffirmed fiscal forecast. Flybe approaches Virgin Atlantic for a possible sale. GEA Group tumbled after the food processor lowered fiscal outlook. Rotork third-quarter revenues soared. Saint-Gobain sells its China business.
Centrica Struggles with Customer Loss, Price Caps; Mitchells & B Net Jumps
Befesa profit surged. Centrica declined after the utility lost home energy customers and cap on energy prices. Severn Trent reported nearly flat earnings. Mitchells & Butlers said net soared 65%. United Utilities reported upbeat first-half results.
Deere & Co Sales Jump, Gap to Close Stores with Lagging Sales
Autodesk reported better-than-expected results. Copart reported strong first-quarter results. Deere & Co net and revenues jumped. Foot Locker upbeat earnings lifts stock. The Gap net soared.
Compass Group Optimism Lifts Stock, Wirecard Falls on Weak Guidance
AVEVA first-half revenues surged after strong demand in industrial software. Compass reported better-than-expected results. Dermapharm net fell but forecasted improved fiscal revenues. EasyJet profit surged 41%. Wirecard plummeted on lower profit guidance.
Best Buy Reported Strong Results; Target, TJX and Ross Drop
Analog Devices beat earnings results. Best Buy reported better-than-expected results. Campbell Soup quarterly profit beats estimates. Kohl''s net surged and retailer lifted earnings per share forecast. TJX fell despite strong results. Target missed earnings estimates.
Airbus Wins Telecom Satellite Contract; Ineos to Buy North Sea Oil Field
Babcock rejected the recent media report of half-year write-down. easyJet jumped ahead of its scheduled earnings release on November 20. Airbus wins contract for two satellites from Eutelsat.
Colfax to Buy DJO Global, Cimarex to Buy Resolute Energy
Blommer Chocolate agreed to be acquired by Fuji Oil Holdings. Colfax Corp agreed to buy DJO Global for $3.15 billion. Cimarex Energy plans to acquire Resolute Energy for $1.6 billion. QEP Resources agreed to sell its oil and gas assets in Louisiana.
Vivendi Beats Revenue Estimates, NKT Tumbles on Weak profit
Intermediate Capital said assets under management in the first-half jumped 23%. Ineos Enterprises agreed to acquire composites business of the U.S.-based Ashland Global Holdings. Denmark-based NKT tumbled on lowered operating profit. Vivendi beats revenues estimates.
