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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.

Inditex Misses Estimates, Rolls Royce Soars 5% on Forecast

World Market Updates - Mon, 12/10/2018 - 21:25
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

World Market Updates - Sun, 12/09/2018 - 21:30
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

World Market Updates - Sun, 12/09/2018 - 08:17
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

World Market Updates - Sun, 12/09/2018 - 08:13
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

World Market Updates - Sun, 11/25/2018 - 08:00
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

World Market Updates - Sun, 11/25/2018 - 07:44
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.
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