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
Nvidia Plunges on Lower Sales; Nordstrom Tumbles on Weak Revenues
Applied Materials declined on weak outlook. Helmerich & Payne beats earnings estimates. Nvidia plunged after the chip maker missed revenues estimates. Nordstrom plunged after net tumbled on weak sales.
P&G Jumps on Profit Surprise, American Express Lifts Growth Outlook
American Express lifted revenue growth estimate. AIG revised higher global catastrophe losses. Honeywell lowered fiscal outlook. Procter & Gamble reported strong first-quarter results. PayPal net soared on 14% jump in revenues. VF Corp lifted fiscal outlook.
Bouygues Faces Delays, Litigation Storm; Remy Cointreau Positive on China
Bouygues tumbled on weak profit estimates. Michelin plunged despite strong sales growth. Remy Cointreau reaffirmed sales growth in China. Volvo reported strong results despite deliveries in bus segment declined.
Carrefour, Novartis, Nestle, SAP Earnings Show Economic Strength in Europe
Carrefour sales in the third-quarter jumped. Ericsson net swung to profit. Kuehne + Nagel net benefits from the worldwide logistics boom. Nestle reaffirmed sales growth forecast. Novartis profit doubled and agreed to acquire Endocyte. SAP lifted fiscal outlook.
Blackstone, Genuine Parts, Nucor, Philip Morris, Travelers Shine with Earnings
Alcoa swung to profitability supported by tariffs. The Blackstone revenues soared 11%. Genuine Parts lifted fiscal outlook. Philip Morris beat earnings estimates. Travelers Co reported strong results.
IBM Cloud Surge Fail to Lift Stock, Northern Trust Earnings Fall Short
Abbott Laboratories lowered fiscal 2018 outlook. IBM revenues failed to meet expectations set by analysts. M&T Bank beats earnings estimates. Northern Trust results fall short of expectations. US Bancorp profit soared.
ASML Advances on Strong Lithography Demand, Fresenius Plunges 17%
ASML beats third-quarter expectations. Akzo Nobel net jumped but revenues declined. Fresenius tumbled after weaker-than-expected results and lowered fiscal outlook. Danone plunged weakening demand in China.
BlackRock Net Inflows Plunge; Goldman Sachs, Morgan Stanley Earnings Soar
Adobe reaffirmed fourth-quarter revenues forecast. BlackRock declined after net inflow declined. Goldman Sachs profit soared 21%. Grainger net plunged 36%. Johnson & Johnson lifted fiscal outlook. Morgan Stanley beats estimates.
Iberdrola Sells Power Plants to Drax, Meggit Lifted 2018 Forecast
Iberdrola agrees to sell Scottish utility plants to U.K.-based Drax Group. Aerospace equipment provider Meggitt lifted fiscal 2018 revenues forecast. Merck said it expects to return to profitable growth in 2019. Merlin Entertainments declined on weak performance.
Three Factors Drive BofA Net Higher 32%, Harris to Merge with L3 Tech
Bank of America beat profit estimates on cost reductions. Charles Schwab reported record results after net surged 49%. Harris Corp agreed to merge with L3 Technologies. Walmart acquired online lingerie retailer Bare Necessities.
Air Liquide Reaffirms Hydrogen Vehicle Commitment, Greencore Exits U.S.
Air Liquide reaffirmed its commitment in building infrastructure for hydrogen vehicles. ConvaTec tumbled 31% after the medical products maker lowered outlook. Chr Hansen, the bio science products maker reported a slight increase in revenues.
GE Sells $1 B Energy Portfolio, Village Super Market Net Declines
GE agreed to sell its Energy Financial Services business to Apollo Global Management. Hyatt Hotels agreed to acquire Two Roads Hospitality for $480 million. Trilogy Metals fell after net loss widened. Village Super Market net declined after weak sale growth.
Lloyds, Schroders in Wealth Partnership Talks;Total, Saudi in Development Deal
Acacia Mining jumped after the gold miner reported strong production and lifted fiscal forecast. Schroders confirmed that it is in talk with Lloyds Banking to work together in wealth sector.
Costco Comparable Store Sales Surge, Pier 1 Net Loss Widens
Costco Wholesale net jumped 9% on strong revenues. LeMaitre Vascular net declined on lowered fiscal outlook. Pier 1 Imports net loss widened. SMART Global reported better-than-expected results.
Publicis Acquires Czech-based Kindred, Ted Baker Plunges on Fraser Woes
BTG soared on the upbeat fiscal forecast. Electrocomponents jumped on improved pretax profit estimates. EasyJet passenger traffic in September surged. Ted Baker plunged on weaker-than-expected results and weak forecast.
HP Jumps on Positive Outlook, Constellation Brands Beats Estimates
Constellation Brands beats earnings estimates. HP issued positive earnings outlook. International Speedway tumbled on lowered fiscal outlook. Synnex net declined 8%.
Lennar Home Order Backlog Surges, RPM International Net Plunges 40%
Acuity Brands net surged 20%. Lennar met earnings estimates. Landec reaffirmed fiscal 2019 outlook. RPM International revenues jumped 9%.
PepsiCo Sales Rise 1.5%; Paychex Reaffirms Outlook
Emerson Electric agreed to acquire a unit of General Electric. Lamb Weston net surged 29% on 12% jump in revenues. PepsiCo net jumped 16%. Paychex forecasted rising revenues in key segments.
