Stock Market News
BRIEF-Birkenstock To Stop Supplying Amazon In Europe from Jan. 1
Mon, 11 Dec 2017 06:19:34 GMT
* SAYS TO STOP SUPPLYING AMAZON.COM INC IN EUROPE AS OF JAN. 1, 2018
U.S. soy processors build new capacity at fastest rate in 20 years
Mon, 11 Dec 2017 06:00:00 GMT
CHICAGO, Dec 11 (Reuters) - U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world's top producer prepare to sow another record area with soy.
Monsanto offers cash to U.S. farmers who use controversial chemical
Mon, 11 Dec 2017 06:00:00 GMT
CHICAGO, Dec 11 (Reuters) - Monsanto Co will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use.
BRIEF-China Xiniya Fashion Enters Into Agreement With True Silver and Honest Plus
Mon, 11 Dec 2017 05:56:42 GMT
* CHINA XINIYA FASHION LIMITED ANNOUNCES ENTRANCE INTO SECURITIES PURCHASE AGREEMENT AND SHARE TRANSFER AGREEMENT
PRESS DIGEST-New York Times business news - Dec 11
Mon, 11 Dec 2017 05:45:19 GMT
Dec 11 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
PRESS DIGEST -Wall Street Journal - Dec 11
Mon, 11 Dec 2017 05:42:52 GMT
Dec 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 3-Hotly anticipated bitcoin futures surge 21 percent on debut
Mon, 11 Dec 2017 04:53:23 GMT
* Big U.S. banks, brokerages give launch a mixed reception (Updates prices, adds quote)
GLOBAL MARKETS-Bitcoin futures surge past $18,000; Asian shares firm
Mon, 11 Dec 2017 04:46:15 GMT
* Fed expected to hike rates this week; BoE, ECB also meeting
Sensex Up 155 Points In Early Trade; Nifty Climbs Above 10,300
Mon, 11 Dec 2017 04:26:13 GMT
Indian shares opened notably higher on Monday, mirroring positive global cues after stronger-than-expected U.S. job growth figures for November added to optimism about the world's largest economy.
UPDATE 2-Oil prices drop on increased U.S. drilling activity
Mon, 11 Dec 2017 04:21:12 GMT
* Oil cut deal to be reviewed before June '18 -Kuwait (Adds Kuwait comments, updates prices)
Morning News Call - India, December 11
Mon, 11 Dec 2017 03:19:31 GMT
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12112017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:00 am: IRDAI Member (Life) Nilesh Sathe, National Insurance Company MD K. Sanath Kumar and Bajaj Allianz General Insurance MD K.G. Krishnamoorthy Rao at The Economic Times Insurance Summit in Mumba
Asian Markets Higher With Modest Gains
Mon, 11 Dec 2017 03:18:39 GMT
Asian stock markets are in positive territory on Monday after U.S. stocks closed higher on Friday following the release of stronger-than-expected U.S. jobs data for November. However, gains are modest in most markets in the region as investors looked ahead to the U.S. Federal Reserve's monetary policy decision due on Wednesday.
Sensex, Nifty Seen Higher On Global Cues
Mon, 11 Dec 2017 02:55:02 GMT
Indian shares look set to open higher on Monday, mirroring positive global cues.
Japanese Market Drifts Lower
Mon, 11 Dec 2017 02:31:15 GMT
The Japanese stock market drifted into negative territory on Monday, despite opening higher on a weaker yen and following the gains on Wall Street Friday after the release of better-than-expected U.S. jobs data.
Indonesia Shares Tipped To Open In The Green
Mon, 11 Dec 2017 02:03:44 GMT
The Indonesia stock market bounced higher again on Friday, one session after it had ended the three-day winning streak in which it had collected almost 85 points or 1.4 percent. The Jakarta Composite Index now rests just above the 6,030-point plateau and it's called higher again open Monday.
China Market May Test Resistance At 3,300 Points
Mon, 11 Dec 2017 02:03:44 GMT
The China stock market on Friday halted the four-day slide in which it had surrendered almost 45 points or 1.4 percent. The Shanghai Composite Index now rests just beneath the 3,290-point plateau and it's expected to see additional support on Monday.
Australian Market Pares Gains
Mon, 11 Dec 2017 01:26:49 GMT
The Australian stock market has pared early gains and is flat on Monday despite the positive cues from Wall Street on Friday following better-than-expected U.S. jobs data. Banking stocks are mixed, offsetting gains by miners and oil stocks.
Hong Kong Bourse May Pad Winning Streak
Mon, 11 Dec 2017 01:18:44 GMT
The Hong Kong stock market has climbed higher in consecutive trading days, advancing more than 415 points or 1.6 percent along the way. The Hang Seng Index now rests just beneath the 28,640-point plateau and it may extend its gains on Monday.
Taiwan Stock Market Draws Firm Lead For Monday
Mon, 11 Dec 2017 00:33:44 GMT
The Taiwan stock market on Friday ended the three-day losing streak in which it had skidded almost 300 points or 2.9 percent. The Taiwan Stock Exchange now rests just beneath the 10,400-point plateau, and it's expected to track higher again on Monday.
Additional Support Tipped For Singapore Shares
Mon, 11 Dec 2017 00:03:44 GMT
The Singapore stock market on Friday snapped the four-day losing streak in which it had fallen more than 60 points or 1.8 percent. The Straits Times Index now rests just beneath the 3,425-point plateau and it's expected to open higher again on Monday.
Malaysia Stock Market May Add To Win Streak
Sun, 10 Dec 2017 23:33:44 GMT
The Malaysia stock market has inched higher in two straight sessions, picking up not quite 3 points or 0.1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,720-point plateau and it's expected to open in the green again on Monday.
South Korea Bourse May Extend Friday's Gains
Sun, 10 Dec 2017 23:03:44 GMT
The South Korea stock market on Friday snapped the two-day slide in which it had tumbled almost 50 points or 2 percent. The KOSPI now rests just beneath the 2,465-point plateau and it may add to its winnings on Monday.
Dow, S&P 500 Reach Record Closing Highs On Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 21:14:19 GMT
With traders reacting positively to the closely watched monthly jobs report, stocks moved mostly higher during trading on Friday. The upward move on the day lifted the Dow and the S&P 500 to new record closing highs.
Stocks Remain Mostly Positive On Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 17:03:28 GMT
After an early move to the upside, stocks remain mostly positive in mid-day trading on Friday. With the upward move on the day, the major averages are adding to the gains posted in the previous session.
Upbeat Jobs Data Contributes To Strength On Wall Street - U.S. Commentary
Fri, 08 Dec 2017 15:52:07 GMT
Stocks have moved mostly higher in early trading on Friday, adding to the gains posted in the previous session. With the upward move, the major averages are climbing back further toward their recent record highs.
Stocks May Open Higher Following Upbeat Jobs Data - U.S. Commentary
Fri, 08 Dec 2017 13:52:02 GMT
Following the release of the closely watched monthly jobs report, stocks may move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 62 points.
Methode Electronics (MEI) Dropped To Over A 2-Month Low After Q2 Report
Fri, 08 Dec 2017 12:33:39 GMT
Methode Electronics (MEI) reported second quarter EPS of $0.64 Thursday morning, down from $0.66 last year. The result was in line with analysts' expectations.
Argan Inc. (AGX) Sank To A New Low After Q3 Profit Falls
Fri, 08 Dec 2017 12:23:39 GMT
Argan Inc. (AGX) reported third quarter EPS of $1.09 after the close Wednesday, down from $1.16 in the prior year period.
Top Stock Gainers & News Inspiring Rally - SAGE, HOME, VHI, FSLR
Fri, 08 Dec 2017 12:21:18 GMT
Sage Therapeutics Inc. (SAGE), At Home Group Inc. (HOME), Greif Inc. (GEF), Valhi Inc. (VHI), and First Solar Inc. (FSLR) were among the top gainers on Thursday, Dec. 7, 2017.
Duluth Holdings Inc. (DLTH) Dropped To A 6-Month Low After Q3 Miss
Fri, 08 Dec 2017 12:13:39 GMT
Duluth Holdings Inc. (DLTH) reported a third quarter loss of $0.03 per share Thursday morning, compared to the profit of $0.01 per share last year. Analysts were expecting break-even results.
Shake Shack Inc. (SHAK) Rose To A New High Following Upgrade
Fri, 08 Dec 2017 12:03:39 GMT
Morgan Stanley upgraded its rating on shares of Shake Shack Inc. (SHAK) Thursday morning to "Equal weight" from "Underweight."
Wall Street To Open Higher Ahead Of Employment Report
Fri, 08 Dec 2017 11:53:55 GMT
The Labor Department's Employment situation report for the November is highly awaited on Friday as it would give a picture after the hurricane season. Economists are expecting to hold the unemployment rate at 4.1 percent.
Greif Inc. (GEF) Broke Out To A New High On Q4 Results
Fri, 08 Dec 2017 11:53:39 GMT
Greif Inc. (GEF) reported fourth quarter non-GAAP EPS of $0.98 after the close Wednesday, compared to $0.65 in the prior year period.
Entellus Medical Inc. (ENTL) Jumped To A New High After Bought By Stryker
Fri, 08 Dec 2017 11:43:39 GMT
Entellus Medical Inc. (ENTL) announced Thursday morning that it has agreed to be acquired by Stryker Corp. (SYK) for $24.00 per share in cash, or approximately $662 million.
SAGE Therapeutics Inc. (SAGE) Vaulted To A New High On Study Results
Fri, 08 Dec 2017 11:33:39 GMT
SAGE Therapeutics Inc. (SAGE) announced Thursday morning that its Phase 2 study of SAGE-217 showed a statistically significant mean reduction in the Hamilton Rating Scale for Depression.
Sensex Jumps Over 300 Points; Nifty Ends Above 10,250
Fri, 08 Dec 2017 11:15:12 GMT
Indian shares posted strong gains for the second consecutive session on Friday amid strong global cues after the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and the U.K. and the European Union struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
European Shares Surge Led By Banks
Fri, 08 Dec 2017 10:03:39 GMT
European stocks rose sharply to hit one-week high on Friday after the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and the U.K. and the European Union struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
FTSE 100 Rises In Cautious Trade After Brexit Deal
Fri, 08 Dec 2017 09:27:43 GMT
U.K. shares were little changed in cautious trade on Friday as the pound surged to cross $1.35 again on news that the U.K. and the European Union have struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
CAC 40 Rises After Brexit Breakthrough
Fri, 08 Dec 2017 09:05:49 GMT
French shares rose notably on Friday after the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and the U.K. and the European Union struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
DAX Rallies As UK And EU Strike Brexit Deal
Fri, 08 Dec 2017 08:56:01 GMT
German stocks rallied on Friday after the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and the U.K. and the European Union struck a deal to unlock divorce negotiations, capping months of tortuous negotiations.
Asian Shares Extend Gains Ahead Of US Jobs Data
Fri, 08 Dec 2017 08:23:00 GMT
Asian stocks closed broadly higher for the second day running Friday as Chinese trade data beat expectations and the U.S. Congress passed a stopgap spending bill to keep the government funded until Dec. 22 and continue budget negotiations. Also, media reports suggested that Britain and Ireland were close to a Brexit deal.
European Shares Seen Mostly Higher After Upbeat China Data
Fri, 08 Dec 2017 06:50:26 GMT
European stocks may open higher on Friday as China's November exports and imports blew past market expectations and optimism prevailed for the passage of the U.S. tax bill through the Senate.
Sensex Up 163 Points In Early Trade; Nifty Rises Above 10,200
Fri, 08 Dec 2017 04:13:01 GMT
Indian shares rose notably on Friday, mirroring firm cues from global markets as China's November exports and imports blew past market expectations and optimism prevailed over the progress of U.S. tax reform.
Asian Shares Extend Gains As Investors Await Key Macro Data
Fri, 08 Dec 2017 03:08:08 GMT
Asian stocks were trading mostly higher for the second day running Friday even as underlying sentiment remained somewhat cautious ahead of Chinese trade data and U.S. jobs figures for November due later in the day.
Sensex, Nifty Seen Up On Global Cues
Fri, 08 Dec 2017 02:46:30 GMT
Indian shares look set to extend gains from the previous session on Friday as oil dipped on a stronger dollar and Asian markets climbed for a second day running, buoyed by a weaker yen and optimism for the passage of the U.S. tax bill through the Senate.
Additional Support Called For Thai Stock Market
Fri, 08 Dec 2017 02:33:38 GMT
The Thai stock market on Thursday ended the two-day slide in which it had surrendered more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now rests just above the 1,700-point plateau and it's expected to open in the green again on Friday.
Indonesia Market May See Support At 6,000-Point Level
Fri, 08 Dec 2017 02:03:38 GMT
The Indonesia stock market on Thursday snapped the three-day winning streak in which it had collected almost 85 points or 1.4 percent. The Jakarta Composite Index now rests just above the 6,005-point plateau, although it's expected to bounce higher again on Friday.
Hong Kong Bourse May Add To Thursday's Gains
Fri, 08 Dec 2017 01:18:38 GMT
The Hong Kong stock market on Thursday snapped the two-day losing streak in which it had plummeted more than 900 points or 3 percent. The Hang Seng Index now rests just above the 28,300-point plateau and it may extend its gains on Friday.
SAGE Therapeutics Inc. (SAGE) Is Soaring To A New High On Study Results
Thu, 07 Dec 2017 14:33:56 GMT
SAGE Therapeutics Inc. (SAGE) announced Thursday morning that its Phase 2 study of SAGE-217 showed a statistically significant mean reduction in the Hamilton Rating Scale for Depression.
Stock Gainers & News Inspiring Rally: DVA, ROKU, HRB, KLXI, FBR
Thu, 07 Dec 2017 13:21:42 GMT
DaVita Inc. (DVA), Roku, Inc. (ROKU), H&R Block, Inc. (HRB), KLX Inc. (KLXI), Fibria Celulose S.A. (FBR) were among the top gainers on Wednesday.
Veeva Systems Inc. (VEEV) Fell To A 2-Month Low After Q3 Earnings Beat
Thu, 07 Dec 2017 12:33:40 GMT
Veeva Systems Inc. (VEEV) reported third quarter non-GAAP EPS of $0.25 after the bell Tuesday, up from $0.22 last year. The consensus estimate was for EPS of $0.22. The company expects to report fourth quarter non-GAAP EPS of $0.21 to $0.22 and full year EPS of $0.91. Street expectations are for EPS of $0.20 and $0.87.
Tronox Inc. (TROX) Tumbled To Over A 3-Month Low After FTC Challenge
Thu, 07 Dec 2017 12:23:37 GMT
The FTC has issued an administrative complaint challenging the merger of Tronox Inc. (TROX) and Cristal. The complaint states that the deal would violate the antitrust laws by significantly reducing competition in the North American market for chloride process titanium dioxide.
OSI Systems Inc. (OSIS) Plunged To A New Low After Carson Block Comment
Thu, 07 Dec 2017 12:13:37 GMT
OSI Systems Inc. (OSIS) dropped sharply around 10AM Wednesday and steadily declined until mid-afternoon. The sell-off was sparked by comments from Muddy Waters' Carson Block, who stated that OSI is "rotten to the core" while explaining his short position.
Oxford Industries Inc. (OXM) Rose To A New High After Q3 Profit Beat
Thu, 07 Dec 2017 12:03:37 GMT
Oxford Industries Inc. (OXM) reported third quarter EPS of $0.17 after the bell Tuesday, compared to the loss of $0.07 a year ago. The consensus estimate was for EPS of $0.12.
DaVita Inc. (DVA) Surged To A 7-Month High After Sale Of Subsidiary
Thu, 07 Dec 2017 11:53:37 GMT
Optum, part of UnitedHealth Group (UNH), announced Wednesday morning that it agreed to buy DaVita Medical Group, a subsidiary of DaVita Inc. (DVA), for about $4.9 billion in cash.
Aerovironment Inc. (AVAV) Jumped After Surprise Q2 Profit
Thu, 07 Dec 2017 11:43:37 GMT
Aerovironment Inc. (AVAV) reported second quarter EPS of $0.29 after the bell Tuesday, compared to the loss of $0.18 last year. Analysts expected a loss of $0.06.
Madrigal Pharmaceuticals Inc. (MDGL) Soared To A New High On Study Results
Thu, 07 Dec 2017 11:33:37 GMT
Madrigal Pharmaceuticals Inc. (MDGL) announced Wednesday morning that its Phase 2 trial of MGL-3196, in patients with biopsy-proven non-alcoholic steatohepatitis, met its primary endpoint.
Earnings In Focus: Dec. 7 (CIEN, CONN, COO, DG, FNSR, MEI)
Thu, 07 Dec 2017 08:27:37 GMT
Check out the stocks that are lined up to release their quarterly financial results on Thursday, December 7, 2017. CIEN - Strategic investments to boost Q3 results CONN - Hurricane Harvey impact may limit quarterly performance COO - Expanding product portfolio to prop up Q4 results DG - Q3 results to reflect positive customer traffic FNSR - Strong demand for 100GB QSFP28 transceivers to boost Q2
Madrigal Pharmaceuticals Inc. (MDGL) Has Surged To A New High On Study Results
Wed, 06 Dec 2017 14:35:49 GMT
Madrigal Pharmaceuticals Inc. (MDGL) announced Wednesday morning that its Phase 2 trial of MGL-3196, in patients with biopsy-proven non-alcoholic steatohepatitis, met its primary endpoint.
American Eagle forecasts strong holiday-quarter earnings
Wed, 06 Dec 2017 14:00:00 GMT
American Eagle Outfitters forecast strong earnings for the key holiday season and delivered third-quarter comparable sales ahead of Wall Street targets.
Neuralstem Inc. (CUR) Surged To A 4-Month High On Study Results
Wed, 06 Dec 2017 12:23:33 GMT
Neuralstem Inc. (CUR) announced Tuesday that the 40 mg dose of NSI-189 showed statistically significant improvement on Cogscreen objective cognitive measures of attention and memory in its Phase 2 study.
McDonald's Corp. (MCD) Jumped After Upgrade
Wed, 06 Dec 2017 12:23:33 GMT
Jeffries upgraded its rating on shares of McDonald's Corp. (MCD) Tuesday morning to "Buy" from "Hold."
Edison International (EIX) Plunged Due To California Wildfire
Wed, 06 Dec 2017 12:13:33 GMT
Edison International (EIX) sank sharply during the first half hour of trade Tuesday, but settled into a range for the rest of the session. Shares finished with a loss of 10.26 at $70.00 on the highest volume of the year. The stock plunged to over an 11-month low.
Toll Brothers Inc. (TOL) Dropped After Q4 Profit Disappoints
Wed, 06 Dec 2017 12:03:34 GMT
Toll Brothers Inc. (TOL) reported fourth quarter EPS of $1.17 Tuesday morning, compared to $0.67 last year. Street expectations were for EPS of $1.19.
HD Supply Holdings (HDS) Broke Out To A 6-Month High After Q3 Profit Beat
Wed, 06 Dec 2017 11:53:33 GMT
HD Supply Holdings (HDS) reported third quarter adjusted EPS of $0.80 Tuesday morning, up from $0.47 in the previous year. The consensus estimate was for EPS of $0.76. The company expects to report fourth quarter EPS of $0.41 to $0.47 and full year EPS of $2.23 to $2.29. Street expectations are for EPS of $0.43 and $2.21.
G-III Apparel Group (GIII) Climbed To A New High After Strong Q3 Report
Wed, 06 Dec 2017 11:43:33 GMT
G-III Apparel Group (GIII) reported third quarter non-GAAP EPS of $1.67 Tuesday morning, up from $1.50 a year ago. Analysts expected EPS of $1.54. The company also increased its full year non-GAAP EPS forecast to between $1.42 and $1.52, from prior expectations of $1.28 to $1.38. The consensus estimate is for EPS of $1.35.
Revance Therapeutics Inc. (RVNC) Surged To A New High On Study Results
Wed, 06 Dec 2017 11:33:33 GMT
Revance Therapeutics Inc. (RVNC) announced Tuesday morning that its two Phase 3 trials of RT002 injection met their primary and all secondary endpoints in patients with Glabellar lines.
Earnings In Focus Today: AVGO, CMTL, FRED, HRB, LULU
Wed, 06 Dec 2017 10:27:41 GMT
What's in store for these stocks that are scheduled to release quarterly financial results on Wednesday, December 6, 2017£ * Strong wireless growth to fuel Broadcom's Q4 * Analysts expect bigger Q1 loss from CMTL * FRED needs a miracle * Brand power to benefit LULU's Q3 * HRB distributes 47.6% of earnings as dividends
Top Gainers & News Inspiring Rally - SNAP, DLPH, RGC, ATGE, BITA
Wed, 06 Dec 2017 10:14:51 GMT
Snap Inc. (SNAP), Aptiv PLC (DLPH), Regal Entertainment Group (RGC), Adtalem Global Education Inc. (ATGE), and Bitauto Holdings Limited (BITA) were among the top gainers on Tuesday.
G-III Apparel Group (GIII) Has Jumped To A New High On Strong Q3 Earnings
Tue, 05 Dec 2017 14:53:56 GMT
G-III Apparel Group (GIII) reported third quarter non-GAAP EPS of $1.67 Tuesday morning, up from $1.50 a year ago. Analysts expected EPS of $1.54. The company also increased its full year non-GAAP EPS forecast to between $1.42 and $1.52, from prior expectations of $1.28 to $1.38. The consensus estimate is for EPS of $1.35.
Revance Therapeutics Inc. (RVNC) Has Surged To A New High On Study Results
Tue, 05 Dec 2017 14:41:58 GMT
Revance Therapeutics Inc. (RVNC) announced Tuesday morning that its two Phase 3 trials of RT002 injection met their primary and all secondary endpoints in patients with Glabellar lines.
Cracker Barrel Old Country Store (CBRL) Rose To Nearly A 5-Month High
Tue, 05 Dec 2017 12:23:31 GMT
Cracker Barrel Old Country Store (CBRL) climbed during the first 2 hours of trade Monday, but settled into a range for the rest of the session. Shares finished with a gain of 6.98 at $162.88.
CVS Health Corp. (CVS) Slid After Aetna Acquisition
Tue, 05 Dec 2017 12:13:31 GMT
CVS Health Corp. (CVS) announced Monday morning that it has agreed to acquire Aetna Inc. (AET) for approximately $69 billion cash and stock deal.
Thermo Fisher Scientific (TMO) Tumbled To A 3-Month Low
Tue, 05 Dec 2017 12:03:31 GMT
Thermo Fisher Scientific (TMO) declined during the first 2 hours of trade Monday, but settled into a range for the rest of the session. Shares finished with a loss of 10.17 at $182.03 on above average volume.
General Cable Corp. (BGC) Soared To A New High After Merger
Tue, 05 Dec 2017 11:43:31 GMT
General Cable Corp. (BGC) announced Monday morning that it agreed to be acquired by Prysmian Group, an Italian energy and telecom cable systems company, for $30.00 per share in cash.
Exactech Inc. (EXAC) Jumped To A New High After Amended Merger Agreement
Tue, 05 Dec 2017 11:33:31 GMT
Exactech Inc. (EXAC) announced Monday morning that it has entered into an amended merger agreement with TPG Capital. Under the new deal Exactech shareholders will receive $49.25 per share in cash. Under the previous deal, the purchase price was $42 per share.
Top Stock Gainers & News Inspiring Rally - BGC, APRN, CCJ, CVNA, KODK
Tue, 05 Dec 2017 10:45:24 GMT
General Cable Corp. (BGC), Blue Apron Holdings Inc. (APRN), Cameco Corp. (CCJ), Carvana Co. (CVNA), and Eastman Kodak Co. (KODK) were among the top gainers on Monday, Dec. 4, 2017.
Toll Brothers Q4 Profit Misses Estimates; Revenues Up 9%
Tue, 05 Dec 2017 10:43:22 GMT
Toll Brothers, Inc. (TOL) reported fourth-quarter net income of $191.9 million, or $1.17 per share, compared to $114.4 million, or $0.67 per share, prior year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19, for the quarter. Analysts' estimates typically exclude special items. Pre-tax income was $301.7 million, compared to $168.2 million prior year which was negatively impacted by a $121.2 million warranty charge. Adjusted gross margin was 25.3%, for the quarter.
Delta Air Lines November Traffic And Capacity Rise - Quick Facts
Mon, 04 Dec 2017 14:18:23 GMT
Delta Air Lines (DAL) reported that its traffic in November 2017 increased 3.5% from the year-ago period, on a capacity increase of 2.9%.
Earnings In Focus Today: ASNA, BOBE, PLAY, IXYS
Mon, 04 Dec 2017 12:47:28 GMT
* PLAY likely to beat EPS estimates * BOBE's earnings matter to POST * ASNA is 70% off its 52-week high * IXYS to post higher results vs. last year
Genesco Inc. (GCO) Dropped After Q3 Miss
Mon, 04 Dec 2017 12:23:26 GMT
Genesco Inc. (GCO) reported third quarter EPS of $1.02 Friday morning, down from $1.28 in the prior year period. Analysts expected EPS of $1.12. The company also lowered its full year EPS forecast to between $3.05 and $3.35 from its previous guidance of $3.35 to $3.65.
Ulta Beauty (ULTA) Pulled Back On Disappointing Outlook
Mon, 04 Dec 2017 12:13:25 GMT
Ulta Beauty (ULTA) reported third quarter EPS of $1.70 after the close Thursday, up from $1.40 last year. The consensus estimate was for EPS of $1.67. Fourth quarter EPS is expected to be between $2.73 and $2.78. Analysts are expecting EPS of $2.84.
Nutanix Inc. (NTNX) Climbed To A New High After Q1 Loss Narrowed
Mon, 04 Dec 2017 12:03:27 GMT
Nutanix Inc. (NTNX) reported a first quarter non-GAAP loss of $0.16 per share Thursday, compared to the loss of $0.20 per share a year ago. The company expects to report a second quarter non-GAAP loss of $0.20 to $0.22 per share.
Ambarella Inc. (AMBA) Rose To A 6-Month High After Q3 Earnings Beat
Mon, 04 Dec 2017 11:53:25 GMT
Ambarella Inc. (AMBA) reported third quarter non-GAAP EPS of $0.75 after the bell Thursday, down from $1.11 a year ago. The consensus estimate was for EPS of $0.67.
Top Stock Gainers & News Inspiring Rally - AMWD, SFIX, FMI, AMBA, CVNA
Mon, 04 Dec 2017 10:31:17 GMT
American Woodmark Corp. (AMWD), Stitch Fix Inc. (SFIX), Foundation Medicine Inc. (FMI), Ambarella Inc. (AMBA), and Carvana Co. (CVNA) were among the top gainers on Friday, Dec. 1, 2017.
Foundation Medicine Inc. (FMI) Has Broken Out To A New High After FDA Approval
Fri, 01 Dec 2017 14:42:45 GMT
Foundation Medicine Inc. (FMI) announced Thursday that it has received approval from the FDA for FoundationOne CDx, its diagnostic test for solid tumors.
Top Stock Gainers & News Inspiring Rally - TLYS HOME NWY LZB BXG
Fri, 01 Dec 2017 12:57:54 GMT
Tilly's Inc. (TLYS), At Home Group Inc. (HOME), New York & Co. (NWY), La-Z-Boy Inc. (LZB), and Bluegreen Vacations Corp. (BXG) were among the top gainers on Thursday.
Kroger forecasts upbeat holiday-quarter, beats Street view
Thu, 30 Nov 2017 14:59:00 GMT
Kroger forecast upbeat same-store sales for the holiday quarter and reported higher-than-expected third-quarter results.
L Brands November Comps. Down 1% - Quick Facts
Thu, 30 Nov 2017 12:24:54 GMT
L Brands, Inc. (LB) reported net sales of $1.27 billion for the four weeks ended November 25, 2017, an increase of 2 percent from net sales of $1.25 billion for the four weeks ended November 26, 2016.
Sears reports narrower loss, but sales mark sixth year of declines
Thu, 30 Nov 2017 10:33:00 GMT
Last month, Sears said it struck a deal that allow for the sale of 140 Sears properties.
Tiffany Affirms FY17 Outlook - Quick Facts
Wed, 29 Nov 2017 11:58:31 GMT
While reporting its third-quarter financial results today, Luxury jeweler and specialty retailer Tiffany & Co. (TIF) affirmed its financial outlook for fiscal 217.
Jeweler Tiffany's third-quarter sales rises 3%
Wed, 29 Nov 2017 11:50:00 GMT
Jeweler Tiffany's sales rose 3 percent in the third quarter, helped by strong demand for its fashion jewelry.
Uber's third-quarter loss widens to $743 million
Wed, 29 Nov 2017 05:20:00 GMT
Uber's quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the FT reported.
Thor Industries Inc. (THO) Has Jumped To A New High On Strong Q1 Earnings
Tue, 28 Nov 2017 14:33:26 GMT
Thor Industries Inc. (THO) reported first quarter EPS of $2.43 after the bell Monday, up from $1.49 a year ago. Street expectations were for EPS of $1.84.
UnitedHealth shares dip on disappointing earnings forecast for 2018
Mon, 27 Nov 2017 22:06:00 GMT
The insurer projects revenue of $223 billion and $225 billion for 2018, only marginally higher than analysts estimated.
Bazaarvoice To Be Acquired By Marlin In $521 Mln Deal; Announces Narrower Loss
Mon, 27 Nov 2017 14:00:51 GMT
Bazaarvoice, Inc. (BV) Monday announced second quarter net loss of $55 thousand or $0.00 per share narrower than $4.134 million or $0.05 per share in the prior year.
ThyssenKrupp Posts Net Loss, Orders Up; Sees Higher Earnings In FY18; Stock Up
Thu, 23 Nov 2017 09:53:44 GMT
Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges.
Remy Conintreau Reports Increase In H1 Net Profit, Confirms Outlook For FY17/18
Thu, 23 Nov 2017 06:57:06 GMT
Remy Cointreau (REMYF.PK) Thursday reported an increase in first half net profit excluding non-recurring item to 90.3 million euros from 76.6 million euros a year ago. Earnings per share for the quarter was 1.82 cents from 1.857 cents in the prior year. On a reported basis, current operating profit increased 8.2 percent to 134.1 million euros.
Thyssenkrupp FY Profit From Cont. Ops. Declines; Sales Up 9% - Quick Facts
Thu, 23 Nov 2017 06:47:54 GMT
thyssenkrupp (TYEKF.PK) recorded a net loss of 591 million euros for the year ended Sept. 30, 2017 due to one-time earnings charges as a result of the sale of the Brazilian steel mill CSA in the second quarter, compared to prior year net profit of 261 million euros. After deducting minority interest, the net loss was 649 million euros. Adjusted EBIT rose 30 percent to 1.91 billion euros for the Group.
Copart Inc. (CPRT) Has Surged To A New High After Q1 Profit Topped Expectations
Wed, 22 Nov 2017 14:48:15 GMT
Copart Inc. (CPRT) reported first quarter EPS of $0.33 after the close Tuesday, up from $0.28 a year ago. The consensus estimate was for EPS of $0.27.
Deere tops 4th-quarter estimates, sees strong earnings in 2018
Wed, 22 Nov 2017 11:22:00 GMT
U.S. tractor maker Deere's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets.
Thomas Cook FY17 Profit Climbs, UK Margin Weak; Stock Dips
Wed, 22 Nov 2017 09:59:42 GMT
Shares of Thomas Cook Group Plc. were losing around 11 percent in the morning trading in London after the British tour operator reported Wednesday weak UK margins in its fiscal 2017, despite higher group profit and revenues. Further, the company lifted its final dividend, and said it is well-positioned to achieve a full year operating result in line with market expectations..
Meg Whitman to leave role as CEO of Hewlett Packard Enterprise, shares tumble 6%
Wed, 22 Nov 2017 00:14:00 GMT
President Antonio Neri will take on the role of CEO as of Feb. 1, 2018.
Salesforce forecasts fourth-quarter profit below expectations, shares sink
Tue, 21 Nov 2017 20:40:00 GMT
Salesforce beat analysts' estimates with 39 cents in earnings per share and $2.68 billion in revenue for the quarter that ended on Oct. 31.
Palo Alto Networks (PANW) Is Suring After Strong Q1 Report
Tue, 21 Nov 2017 14:34:53 GMT
Palo Alto Networks (PANW) reported first quarter non-GAAP EPS of $0.74 after the close Monday, up from $0.55 a year ago. Analysts expected EPS of $0.69. The company expects to report second quarter EPS of $0.78 to $0.80 and full year EPS of $3.35 to $3.41. Street expectations are for EPS of $0.77 and $3.32.
Eaton Vance Q4 Profit Increases
Tue, 21 Nov 2017 14:08:36 GMT
Eaton Vance Corp. (EV) Tuesday reported a sharp increase in fourth quarter net income attributable to the company to $82.73 million from $65.13 million in the prior year. On a per share basis, earnings were $0.69, up from $0.57 in the prior year. On an adjusted basis, earnings were $0.70 per share.
Shoe retailer DSW stock plunges after company blames hurricanes for earnings miss
Tue, 21 Nov 2017 14:06:00 GMT
Shares of shoe retailer DSW tumble after the company posted disappointing earnings.
Dollar Tree Raises FY17 Outlook - Quick Facts
Tue, 21 Nov 2017 12:49:37 GMT
While reporting its third-quarter financial results today, Dollar Tree, Inc. (DLTR) raised its financial outlook for fiscal 2017.
Dollar Tree profit beats estimates on higher customer traffic
Tue, 21 Nov 2017 12:43:00 GMT
Dollar Tree reported third-quarter comparable store sales that beat Wall Street estimates, helped by higher customer traffic and spending at its stores.
Campbell Soup's quarterly revenue falls 2%
Tue, 21 Nov 2017 12:41:00 GMT
Campbell Soup reported a 2 percent drop in quarterly revenue on Tuesday on lower retailer inventory and weak demand for its V8 vegetable juices.
Campbell Lowers FY18 Earnings Outlook; Affirms Sales Forecast
Tue, 21 Nov 2017 12:31:46 GMT
While reporting its first-quarter financial results today, Campbell Soup Co. (CPB) lowered its earnings outlook for fiscal 2018, but affirmed its forecast for full-year sales.
Movado Group Raises FY18 Outlook; Declares Dividend - Quick Facts
Tue, 21 Nov 2017 11:59:56 GMT
While reporting its third-quarter financial results today, Movado Group, Inc. (MOV) raised its financial outlook for fiscal 2018 and said its board of directors declared a quarterly dividend.
Lowe's sales top Street expectations, boosted by hurricane-related purchases
Tue, 21 Nov 2017 11:00:00 GMT
Lowe's expects revenue to increase about 5 percent by the end of fiscal 2017.
EasyJet FY17 Profit Down, Revenues Rise; Sees Capacity Growth In FY18; Stock Up
Tue, 21 Nov 2017 10:12:33 GMT
Shares of easyJet Plc were gaining around 6 percent in the morning trading in London after the airline reported higher revenues, traffic and capacity in its fiscal 2017, despite weak profit. Looking ahead, the company projects capacity growth in fiscal 2018.
Melrose Says On Track To Achieve FY Performance Consistent With Expectations
Tue, 21 Nov 2017 08:28:11 GMT
Melrose Industries PLC (MRO.L) in its trading update, reported Tuesday that it is on track to achieve a performance consistent with expectations for this year and that it cash generation remains strong. The company also said it remains confident of achieving its objectives for Nortek.
SIG 4-month Revenue Up 6.7% - Quick Facts
Tue, 21 Nov 2017 08:15:36 GMT
SIG Plc (SHI.L), a distributor of specialist building products, reported that group revenues for the four months from July to October 2017 increased 6.7 percent from last year, with currency contributing 2.5 percent to growth, offset by the effect of fewer working days and the impact of acquisitions. On a like-for-like basis, Group sales rose 4.6 percent in the period.
Halma H1 Profit Up 18%; On Track For Progress In H2 In Line With Expectations
Tue, 21 Nov 2017 08:00:08 GMT
Halma Plc (HLMA.L), a safety, health and environmental technology group, reported that its first-half profit before tax increased 18 percent to 76.8 million pounds from 65.2 million pounds a year ago. Earnings per share also grew 18 percent to 16.27 pence from 13.79 pence last year.
Compass Group FY Pre-tax Profit Up 18.1% - Quick Facts
Tue, 21 Nov 2017 07:33:54 GMT
Compass Group Plc (CPG.L, CMPGF.PK) reported pre-tax profit of 1.56 billion pounds for the year ended 30 September 2017, up 18.1 percent from 1.32 billion pounds in the prior year.
EasyJet FY Pretax Profit Declines; Total Revenue Up 8.1% - Quick Facts
Tue, 21 Nov 2017 07:24:42 GMT
easyJet Plc (ESYJY.PK, EZJ.L) reported pretax profit of 385 million pounds for the year ending 30 September 2017 compared to 507 million pounds, previous year. Profit for the period was 305 million pounds or 76.8 pence per share compared to 437 million pounds or 110.1 pence per share. Headline profit before tax declined 17.3% year-over-year to 408 million pounds from 494 million pounds, prior year. Diluted headline earnings per share was 81.9 pence compared to 107.6 pence. The Group noted that its 2017 result included a 101 million pounds unfavourable movement from foreign exchange. At constant currency, easyJet delivered a headline profit before tax of 509 million pounds during the year.
CRH 9-month Cumulative Sales Up 2% - Quick Facts
Tue, 21 Nov 2017 07:16:13 GMT
Building materials group CRH plc (CRH, CRH.L) reported that its cumulative sales for the nine months to the end of September amounted to 20.7 billion euros, an increase of 2 percent compared with the corresponding period in 2016. On a like-for-like basis, sales for the period was also 2 percent higher than the year-ago period.
Foot Locker shares surge the most in 40 years after earnings beat
Fri, 17 Nov 2017 15:05:00 GMT
Foot Locker shares rose 30 percent Friday after it beat earnings expectations, on track for best day since 1977.
Splunk (SPLK) Has Leaped To A New High After Better Than Expected Q3 Report
Fri, 17 Nov 2017 14:33:00 GMT
Splunk (SPLK) reported third quarter non-GAAP EPS of $0.17 after the bell Thursday, which topped the consensus estimate of $0.14.
Abercrombie results — and its shares — surge on jump in sales of surfwear brand Hollister
Fri, 17 Nov 2017 14:25:00 GMT
Abercrombie & Fitch posted quarterly same-store sales growth after more than a year of declines and forecast robust sales for the holiday quarter.
Sports retail stocks jump after upbeat reports
Fri, 17 Nov 2017 14:17:00 GMT
Shares of sports retailers soared on Friday after Foot Locker, Shoe Carnival, and Hibbett Sports reported better-than-expected quarterly profits.
Abercrombie & Fitch Q3 Results Beat Estimates; Shares Rise
Fri, 17 Nov 2017 13:14:15 GMT
Apparel retailer Abercrombie & Fitch Co. on Friday reported a 28 percent increase in profit for the third quarter from last year on higher sales. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates. The company's shares are gaining more than 20 percent in pre-market activity.
Wal-Mart Stores Inc. (WMT) Has Surged To A New High On Q3 Results
Thu, 16 Nov 2017 14:47:33 GMT
Wal-Mart Stores Inc. (WMT) reported third quarter adjusted EPS of $1.00 Thursday morning, which topped the consensus estimate of $0.97. The company also increased its full year adjusted EPS forecast to between $4.38 and $4.46, from prior expectations of $4.30 to $4.40.
NetApp Inc. (NTAP) Has Surged To A New High On Strong Q2 Earnings
Thu, 16 Nov 2017 14:41:35 GMT
NetApp Inc. (NTAP) reported second quarter EPS of $0.81 after the close Wednesday, up from $0.60 a year ago. The consensus estimate was for EPS of $0.69.
L Brands shares drop on Victoria's Secret struggles
Thu, 16 Nov 2017 14:34:00 GMT
The lingerie brand has struggled since exiting its swim and apparel business.
JM Smucker beats profit estimates on boost from prices hikes
Thu, 16 Nov 2017 13:20:00 GMT
J.M. Smucker's profit topped analysts' forecasts, as it reined in costs and benefited from higher prices for products such as Jif peanut butter.
Viacom expects affiliate sales to drop in 2018, shares slump
Thu, 16 Nov 2017 12:58:00 GMT
Viacom reported better-than-expected revenue on Thursday, as higher revenue in its film unit offset declines in fees the company collects from cable TV operators and online distributors.
Best Buy's holiday-quarter profit forecast misses Street view, shares sink
Thu, 16 Nov 2017 12:23:00 GMT
Best Buy reported a smaller-than-expected rise in same-store sales in the third quarter, hurt by the late launch of the iPhone X and hurricanes.
Wal-Mart surges to all-time high after earnings crush expectations
Thu, 16 Nov 2017 12:01:00 GMT
Wal-Mart reports strong growth online, with e-commerce sales growing 50 percent in the fiscal third quarter.
Target's holiday forecast disappoints, sending shares lower
Wed, 15 Nov 2017 11:31:00 GMT
Target raises its earnings outlook for the full year, though its fourth-quarter forecast is conservative.
Kulicke & Soffa Industries (KLIC) Has Surged To A New High On Strong Q4 Results
Tue, 14 Nov 2017 14:41:51 GMT
Kulicke & Soffa Industries (KLIC) reported fourth quarter EPS of $0.51 Tuesday morning, up from $0.15 a year ago. The consensus estimate was for EPS of $0.35.
Home Depot same-store sales, boosted by hurricanes and fires, crush Street estimates
Tue, 14 Nov 2017 11:01:00 GMT
Home Depot saw customer transactions increase, and shoppers on average have been spending more across its stores.
Tyson Foods tops profit estimates as low-cost feed provides boost
Mon, 13 Nov 2017 15:23:00 GMT
Tyson Foods reported higher earnings and revenue on Monday, beating analysts' estimates, on strong demand for chicken and beef and lower costs to buy animal feed.
China's JD.com sees stock jump after swing to third-quarter profit
Mon, 13 Nov 2017 13:43:00 GMT
JD.com saw its stock jump over 7 percent in pre-market trading after it reported better-than-expected income for the quarter ended Sept. 30, due to strong sales.
Time beats on earnings, sticks to 2017 outlook
Fri, 10 Nov 2017 15:56:00 GMT
Time's revenue fell short as an uptick in online advertising failed to offset a decline in print ads.
JC Penney's same-store sales outpace estimates as retailer's turnaround plans take hold
Fri, 10 Nov 2017 12:34:00 GMT
Just last month, J.C. Penney slashed its full-year profit and sales outlook, citing a hit due to heavy discounting.
Nvidia bounces after earnings beat
Thu, 09 Nov 2017 20:36:00 GMT
Analysts forecast double-digit growth in revenue and EPS year over year, representing a slowing in the chipmaker's record-setting run.
News Corp. blows past earnings expectations
Thu, 09 Nov 2017 20:31:00 GMT
The Wall Street Journal, a flagship property, is in the midst of a reorganization to become a digital-first operation.
Nordstrom shares fall as sales at its growth engine Nordstrom Rack stall
Thu, 09 Nov 2017 20:31:00 GMT
Wall Street will be watching closely to see how the store is performing as a potential buyout is on hold.
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