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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.
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.
