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Fred's Net Loss Narrows, Lee Enterprises Profit Surges

World Market Updates - Wed, 12/12/2018 - 21:35
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

World Market Updates - Wed, 12/12/2018 - 21:22
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

World Market Updates - Tue, 12/11/2018 - 21:07
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

World Market Updates - Tue, 12/11/2018 - 21:06
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%

World Market Updates - Mon, 12/10/2018 - 21:43
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.
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