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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.
Royal Mail Issues Profit Warning, Ferguson Declines on Weak Revenue Growth
DX Group jumped after net loss narrowed. Ferguson declined on weak revenue growth. Royal Mail plunged on profit warnings. Veolia Environnement agreed to sell its 30% stake in Transdev.
Saab, Boeing Win $9 B U.S. Air Force Contract; Serco Rides on Positive Outlook
Kaufman declined ahead of its third-quarter earnings results. Serco surged after better-than-expected profit forecast. Saab and Boeing won $9.2 billion contract from the U.S. Air Force. SMA Solar Technology plunged 9% after solar equipment supplier lowered outlook.
BlackBerry Surges on Strong Profits, Carnival Beats Estimates
Aceto net swung to a loss. Applied Optoelectronics lowered fiscal outlook. BlackBerry surged after profit than doubled. Bassett Furniture net fell. Carnival beats earnings estimates. Progress Software net soared 49%. Vail Resorts net loss widened.
H&M Profit Tumbles, 888 Holdings Net Swings to Profit
888 Holdings net swung to profit. CVS Group net declined despite revenues surged 20%. Hella GmbH reported strong results. The fashion retailer H&M profit tumbled on extraordinary costs of major shifting. Saga profit increased on strong travel business.
Bed Bath & Beyond Tumbles 22%, Intuit Reaffirms Outlook
Bed Bath & Beyond net declined on higher expenses. Conagra plunged on weak revenues. H.B. Fuller lowered fiscal outlook. Intuit reaffirmed fiscal estimates. McCormick net jumped. Rite Aid net swung to a loss but reaffirmed fiscal outlook.
