Stock Market News
Lowe's earnings, sales miss Street estimates; shares fall 6%
Wed, 23 Aug 2017 16:15:00 GMT
Lowe's lowered its outlook for the full year, anticipating investing more in marketing and service for customers in stores, which will hurt margins.
BRIEF-Verizon says ‍Samsung Galaxy Note8 available for preorder starting Aug 24​
Wed, 23 Aug 2017 16:11:57 GMT
* ‍Samsung Galaxy Note8 available for preorder on Verizon starting August 24​ Source text for Eikon: Further company coverage:
BRIEF-Malibu Boats ‍licensed wakesurfing patent portfolio to Wake Worx LLC​
Wed, 23 Aug 2017 16:11:10 GMT
* ‍Licensed wakesurfing patent portfolio to Wake Worx LLC​ Source text for Eikon: Further company coverage:
BRIEF-Consumers Union comments on McDonald's global pledge to limit antibiotics in chicken and beef
Wed, 23 Aug 2017 16:05:47 GMT
* Consumers Union on McDonald's plan to limit antibiotics used by its global chicken and beef suppliers
BRIEF-AbleTo raises $36.6 million in series D funding
Wed, 23 Aug 2017 16:05:36 GMT
* Raises $36.6 million in series D funding, led by Bain Capital Ventures
Stocks Climb Off Worst Levels But Remain Modestly Lower - U.S. Commentary
Wed, 23 Aug 2017 16:04:04 GMT
After an early move to the downside, stocks have regained some ground over the course of the trading session on Wednesday. The major averages have climbed well off their worst levels of the day but remain in the red.
BRIEF-Ticketmaster announces exclusive agreement with PGA TOUR
Wed, 23 Aug 2017 16:01:51 GMT
* Ticketmaster announced an exclusive, multi-year agreement with PGA TOUR to extend its relationship as TOUR's ticketing provider. Source text for Eikon: Further company coverage: (Reporting by Jaslein Mahil)
Nipco Plc raises stake in Nigerian fuel retailer
Wed, 23 Aug 2017 15:53:18 GMT
LAGOS, Aug 23 (Reuters) - Nigerian fuel distributor Nipco Plc has bought another 3.23 percent stake in 11 Plc, the fuel retailer formerly known as Mobil Oil Nigeria, for 4.84 billion naira ($16 million) to increase its holding to 70 percent.
UPDATE 1-Trump government shutdown threat rattles markets
Wed, 23 Aug 2017 15:50:47 GMT
NEW YORK/WASHINGTON, Aug 23 (Reuters) - President Donald Trump's threat to shut down the U.S. government to secure funding for a wall along the Mexican border rattled markets on Wednesday and cast a shadow over coming efforts in Congress to agree to raise the country's debt ceiling and pass spending bills.
UPDATE 2-Toshiba prioritises talks with Western Digital on chip business sale -sources
Wed, 23 Aug 2017 15:49:28 GMT
* Western Digital would tie up with KKR, state funds -sources
GLOBAL MARKETS-Trump's comments roil capital markets, oil rises
Wed, 23 Aug 2017 15:48:32 GMT
NEW YORK, Aug 23 (Reuters) - Stocks on Wall Street fell, the dollar sagged and rates on Treasury debt slipped on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico raised investor angst.
UPDATE 4-RBC lifts profit, helped by wealth management strength
Wed, 23 Aug 2017 15:47:01 GMT
* CEO says encouraged by measures to cool housing markets (Adds comments by executives on housing market, share movement)
Trump Comments Contribute To Pullback On Wall Street - U.S. Commentary
Wed, 23 Aug 2017 14:45:35 GMT
Stocks have moved mostly lower in morning trading on Wednesday, partly offsetting the rally seen in the previous session. Selling pressure has remained somewhat subdued, however, limiting the downside for the major averages.
American Eagle same-store sales jump, sending the retail stock soaring
Wed, 23 Aug 2017 13:21:00 GMT
American Eagle posted better-than-expected second-quarter sales and profit, boosted by strong demand for its Aerie line of lingerie.
Stocks May Give Back Ground After Yesterday's Rally - U.S. Commentary
Wed, 23 Aug 2017 12:48:33 GMT
After ending the previous session substantially higher, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 69 points.
Medtronic (MDT) Slid To A 3-Month Low After Q1 Revenues Disappoint
Wed, 23 Aug 2017 11:30:51 GMT
Medtronic (MDT) reported first quarter EPS of $1.12 Tuesday morning, up from $1.03 last year. Revenues rose 3.1% to $7.39 billion from $7.17 billion last year. Street expectations were for EPS of $1.08 and revenues of $7.45 billion.
Wall Street To See Red In The Opening
Wed, 23 Aug 2017 11:22:32 GMT
The market continues to be sensitive to geo-political issues as well as President Trump's recent comments. The initial trading at the U.S. Futures Index suggest that Wall Street is poised to open lower. The New Home sales data to be published on Wednesday is expected to be unchanged from the prior period. Asian shares closed mixed, while European shares are trading mostly lower.
Coty Inc. (COTY) Dropped To Over A 3-Month Low After Q4 Miss
Wed, 23 Aug 2017 11:20:51 GMT
Coty Inc. (COTY) reported a fourth quarter loss that widened from the prior year and fell short of the profit expected by analysts.
Sensex, Nifty End Sharply Higher On Late Buying Surge
Wed, 23 Aug 2017 11:13:23 GMT
A late bout of buying helped Indian shares finish Wednesday's session on a strong note.
Fabrinet (FN) Fell To A 2-Month Low On Weak Q1 Forecast
Wed, 23 Aug 2017 11:10:51 GMT
Fabrinet (FN) reported fourth quarter non-GAAP EPS of $0.86 after the close Monday, up from $0.60 in the prior year period. Analysts expected EPS of $0.83. First quarter non-GAAP EPS is expected to be between $0.78 and $0.80. The consensus estimate is for EPS of $0.87.
E.l.f. Beauty Inc. (ELF) Sank To A New Low
Wed, 23 Aug 2017 11:00:50 GMT
e.l.f. Beauty Inc. (ELF) steadily declined until mid-afternoon Tuesday, before settling into a range. The stock ended the day with a loss of 3.70 at $19.37 on above average volume.
Momo Inc. (MOMO) Pulled Back After Q2 Report
Wed, 23 Aug 2017 10:50:50 GMT
Momo Inc. (MOMO) reported second quarter non-GAAP EPS of $0.35 after the close Monday, compared to $0.12 in the prior year period. Revenues increased 215% to $312.2 million. The company expects to report third quarter revenues of $337.0 million to $342.0 million.
Nordson Corp. (NDSN) Sank To A 7-Month Low On Outlook
Wed, 23 Aug 2017 10:40:50 GMT
Nordson Corp. (NDSN) reported third quarter non-GAAP EPS of $1.78 after the bell Monday, up from $1.47 a year ago. The consensus estimate was for EPS of $1.67.
Lowe's Q2 Profit Misses Estimates; Comps. Up 4.5%
Wed, 23 Aug 2017 10:34:36 GMT
Lowe's Companies, Inc. (LOW) reported second-quarter net earnings of $1.4 billion or $1.68 per share compared to $1.2 billion or $1.31 per share, a year ago. The second quarter results included a $96 million gain from the sale of the company's interest in its Australian joint venture. Excluding the gain, adjusted earnings per share increased 14.6 percent to $1.57 from $1.37, prior year. On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $1.61 for the quarter. Analysts' estimates typically exclude special items.
Vectren Corp. (VVC) Spiked To A New High On Reports Of Takeover Interest
Wed, 23 Aug 2017 10:30:50 GMT
Vectren Corp. (VVC) spiked sharply to the upside early Tuesday afternoon, but settled into a range for the rest of the session. Bloomberg reported that the company is considering options including a possible sale of the company after receiving takeover interest.
European Shares Subdued After Tuesday's Recovery
Wed, 23 Aug 2017 10:03:40 GMT
European stocks were little changed in lackluster trade on Wednesday after ECB President Mario Draghi defended unconventional monetary policy, saying QE and forward guidance have been a success.
FTSE 100 Little Changed In Lackluster Trade
Wed, 23 Aug 2017 09:43:02 GMT
U.K. shares were little changed in lackluster trade on Wednesday as the pound hit an eight-year low against the euro, helping offset disappointing earnings news from WPP and U.S. President Donald Trump's threat to terminate NAFTA.
CAC 40 Little Changed In Lackluster Trade
Wed, 23 Aug 2017 09:28:34 GMT
French shares recovered from early losses to turn flat on Wednesday
DAX Marginally Lower As Investors Digest Draghi Comments
Wed, 23 Aug 2017 09:15:42 GMT
German stocks edged lower in cautious trade on Wednesday even as ECB President Mario Draghi defended unconventional monetary policy, saying QE and forward guidance have been a success.
Asian Shares Mixed After Trump Nafta Remark
Wed, 23 Aug 2017 08:01:25 GMT
Asian stocks ended mixed on Wednesday as U.S. President Donald Trump's comments that he may end the North American Free-Trade Agreement raised concerns over its impact on global trade.
WPP H1 Profit Climbs, Cuts FY17 Sales Growth View; Stock Down
Wed, 23 Aug 2017 07:55:51 GMT
Shares of WPP Group Plc. were losing around 11 percent in the early morning trading in London after the advertising giant reported Wednesday that it has revised down fiscal 2017 forecast, despite reporting significant growth in first-half profit and revenues. The company attributed the revision to the pressure on client spending.
European Shares Seen Opening Mixed
Wed, 23 Aug 2017 05:51:13 GMT
European stocks may open on a mixed note on Wednesday after strong gains in the previous session.
Sensex Up 165 Points In Opening Trade; Nifty Rises Above 9,800
Wed, 23 Aug 2017 04:31:27 GMT
Indian shares opened higher on Wednesday, tracking firm global markets after positive comments from U.S. lawmakers on tax overhaul and the debt ceiling.
Asian Markets Mostly Higher After Wall Street Rally
Wed, 23 Aug 2017 03:51:07 GMT
Asian stock markets are mostly higher on Wednesday as risk appetite improved following the overnight rally on Wall Street on optimism that the Trump administration is making progress on its tax reform plans.
Sensex, Nifty Seen Up On Global Cues
Wed, 23 Aug 2017 02:46:36 GMT
Indian shares may follow global peers higher on Wednesday as investors put geopolitical worries on the back burner for a while and remained optimistic that global central banks will continue with their loose monetary policies to boost growth and inflation.
Win Streak May Continue For Thai Stock Market
Wed, 23 Aug 2017 02:30:50 GMT
The Thai stock market has moved higher in back-to-back sessions, collecting almost 7 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,575-point plateau and it may extend its gains on Wednesday.
Japanese Market Advances
Wed, 23 Aug 2017 02:14:57 GMT
The Japanese stock market is advancing on Wednesday, with investor sentiment bolstered by a weaker yen and optimism that the Trump administration is moving ahead with tax reform plans.
Indonesia Stock Market Gets The Green Light
Wed, 23 Aug 2017 02:00:50 GMT
The Indonesia stock market bounced higher again on Tuesday, one session after it had ended the four-day winning streak in which it had collected more than 125 points or 2.1 percent. The Jakarta Composite Index now rests just above the 5,880-point plateau and it's expected to open higher again on Wednesday.
Australian Market Rises
Wed, 23 Aug 2017 01:35:47 GMT
The Australian stock market is rising on Wednesday following the overnight gains on Wall Street after a media report indicated that U.S. President Donald Trump's administration was making progress on tax reform. Upbeat earnings results from local companies also boosted investor sentiment.
Higher Open Called For Hong Kong Stock Market
Wed, 23 Aug 2017 01:15:50 GMT
The Hong Kong stock market has tracked higher in two straight sessions, rising more than 350 points or 1.3 percent along the way. The Hang Seng Index now rests just above the 27,400-point plateau and it's called to open higher again on Wednesday.
China Stock Market Has Positive Lead
Wed, 23 Aug 2017 01:00:50 GMT
The win streak for the China stock market has hit four sessions, advancing more than 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just above the 3,290-point plateau and it figures to open higher again on Wednesday.
Taiwan Shares May Extend Winning Streak
Wed, 23 Aug 2017 00:30:50 GMT
The Taiwan stock market has finished higher in consecutive trading days, advancing more than 70 points or 0.7 percent along the way. The Taiwan Stock Exchange now rests just above the 10,390-point plateau and it figures to extend its gains on Wednesday.
Singapore Bourse May Test Resistance At 3,300 Points
Wed, 23 Aug 2017 00:00:50 GMT
The Singapore stock market on Tuesday snapped the five-day losing streak in which it had fallen more than 60 points or 1.9 percent. The Straits Times Index now rests just beneath the 3,265-point plateau and it has another positive lead on Wednesday.
Firm Lead Called For Malaysia Stock Market
Tue, 22 Aug 2017 23:30:50 GMT
The Malaysia stock market on Tuesday snapped the two-day losing streak in which it had fallen more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,775-point plateau and it draws a green light again on Wednesday.
South Korea Bourse Tipped To Open In The Green
Tue, 22 Aug 2017 23:00:50 GMT
The South Korea stock market on Tuesday wrote a finish to the two-day slide in which it had slipped more than 6 points or 0.2 percent. The KOSPI now rests just above the 2,365-point plateau and it may add to its winnings on Wednesday.
Stocks Show Substantial Move To The Upside - U.S. Commentary
Tue, 22 Aug 2017 20:16:20 GMT
Following the lackluster performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Tuesday. The tech-heavy Nasdaq rebounded strongly after ending the previous session at its lowest closing level in well over a month.
Salesforce stock drops despite earnings beat
Tue, 22 Aug 2017 20:09:00 GMT
Salesforce reported second-quarter revenue and earnings that topped analysts' estimates on Tuesday after the bell.
Intuit shares fall on weak guidance
Tue, 22 Aug 2017 19:49:00 GMT
Intuit reported quarterly earnings and revenue that beat analysts' expectations on Tuesday.
Stocks See Further Upside After Early Advance - U.S. Commentary
Tue, 22 Aug 2017 16:01:06 GMT
After moving higher early in the session, stocks have seen some further upside over the course of the trading day on Tuesday. The tech-heavy Nasdaq is rebounding after ending the previous session at its lowest closing level in well over a month.
Stocks Climb Firmly Into Positive Territory In Morning Trading - U.S. Commentary
Tue, 22 Aug 2017 14:49:04 GMT
Stocks have moved mostly higher in morning trading on Tuesday following the lackluster performance seen in the previous session. After ending Monday's trading on opposite sides of the unchanged line, the major averages have all moved to the upside.
Homebuilder Toll Brothers misses revenue estimates
Tue, 22 Aug 2017 13:27:00 GMT
U.S. luxury homebuilder Toll Brothers reported a better-than-expected quarterly profit, helped by strong demand for its homes in an improving job market.
Stocks May Move To The Upside In Early Trading - U.S. Commentary
Tue, 22 Aug 2017 12:43:03 GMT
Following the lackluster performance seen in the previous session, stocks may move to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 66 points.
Medtronic's 1st-quarter profit rises 9.4 percent
Tue, 22 Aug 2017 11:46:00 GMT
Medical device maker Medtronic reported a 9.4 percent increase in quarterly profit on Tuesday, driven by strong demand for its heart and vascular devices.
Daktronics Q1 Profit Surges
Tue, 22 Aug 2017 11:43:33 GMT
Daktronics Inc. (DAKT) Tuesday reported a surge in first quarter net profit to $8.429 million from $5.539 million in the prior year. On a per share basis, earnings increased to $0.19 from $0.13 last year.
Cardiome Pharma Corp. (CRME) Sank To An 8-Month Low On FDA News
Tue, 22 Aug 2017 11:20:49 GMT
The FDA has advised Cardiome Pharma Corp. (CRME) that the data package proposed by the company would not be sufficient to support a resubmission of the BRINAVESS New Drug Application.
Sensex, Nifty End Range-bound Session Marginally Higher
Tue, 22 Aug 2017 11:11:27 GMT
Indian shares ended a range-bound session marginally higher on Tuesday, tracking firm global cues as tensions on the Korean peninsula eased somewhat and investors looked ahead to the upcoming Jackson Hole central banking conference beginning on Thursday.
Wall Street Might Open In Positive Territory
Tue, 22 Aug 2017 11:10:49 GMT
The market is keenly examining President Trumps new "fight and win" policy on withdrawal of troops from Afghanistan and plans to expand U.S. presence there. On a lean week of economic activities, the market awaits home price index on Tuesday. Asian stocks closed mostly higher, while European shares are all in positive territory. Initial insights from the U.S. Futures Index suggests that Wall Stree
Red Hat Inc. (RHT) Climbed To A New High For The Year
Tue, 22 Aug 2017 11:10:49 GMT
Red Hat Inc. (RHT) traded to the upside during the first half of Monday's session, but settled into a range for the remainder of the day. The stock closed up by 2.22 at $102.65 on above average volume.
Dycom Industries Inc. (DY) Fell To A 6-Month Low
Tue, 22 Aug 2017 11:00:49 GMT
Dycom Industries Inc. (DY) declined throughout the first 2 hours of trade Monday, but settled into a range for the remainder of the session. The stock closed down by 3.87 at $76.10 on above average volume.
Snap-On Inc. (SNA) Tumbled To A New Low For The Year
Tue, 22 Aug 2017 10:50:49 GMT
Snap-On Inc. (SNA) gapped open lower Monday and declined during the first 2 hours of trade, before settling into a range. Shares finished with a loss of 6.26 at $141.70 on above average volume.
Herbalife Ltd. (HLF) Jumped After Buyback Announcement
Tue, 22 Aug 2017 10:40:49 GMT
Herbalife Ltd. (HLF) announced Monday morning that it has commenced a "modified Dutch auction" self-tender offer to purchase up to $600 million of shares of its common stock at a price of not less than $60.00 nor greater than $68.00. The move comes following the termination of discussions with a prospective financial investor that could have taken the company private.
58.com Inc. (WUBA) Surged To A New High On Q2 Results
Tue, 22 Aug 2017 10:30:49 GMT
58.com Inc. (WUBA) reported second quarter non-GAAP earnings of US$0.77 on Sunday. Total revenues increased 33.3 percent to US$382.8 million.
Toll Brothers Updates Guidance - Quick Facts
Tue, 22 Aug 2017 10:13:54 GMT
Toll Brothers, Inc. (TOL) announced the company now estimates it will deliver between 7,000 and 7,300 homes in fiscal 2017, compared to previous guidance of 6,950 to 7,450 units. It believes the average delivered price will be between $800,000 and $825,000 per home. This translates to projected revenues of between $5.6 billion and $6.0 billion. The company has updated its previous guidance for fiscal 2017 adjusted Gross Margin to between 24.8% and 25.0% of revenues.
The world's largest mining firm is selling its US shale oil and gas business
Mon, 21 Aug 2017 23:21:00 GMT
Global mining giant BHP Billiton posted a five-fold rise in annual underlying profit on Tuesday.
Nike Inc. (NKE) Dropped After Weak Report From Foot Locker
Mon, 21 Aug 2017 11:20:48 GMT
Nike Inc. (NKE) gapped open sharply lower Friday, but traded in a range throughout the session. The stock closed down by 2.51 at $54.95 on above average volume.
Matson Inc. (MATX) Tumbled To A New Low After Downgrade
Mon, 21 Aug 2017 11:10:48 GMT
Wells Fargo downgraded its rating on shares of Matson Inc. (MATX) Friday to "Underperform" from "Market Perform."
Deere & Co. (DE) Sank To A 3-Month Low After Q3 Report
Mon, 21 Aug 2017 11:00:48 GMT
Deere & Co. (DE) reported third quarter EPS of $1.97 Friday morning, compared to $1.55 in the previous year. The consensus estimate was for EPS of $1.95. Revenues rose 16.6% to $6.83 billion from $5.86 billion last year.
Foot Locker Inc. (FL) Plummeted To A New Low After Q2 Profit Disappoints
Mon, 21 Aug 2017 10:50:48 GMT
Foot Locker Inc. (FL) reported second quarter EPS of $0.62 Friday morning, down from $0.94 a year ago. The consensus estimate was for EPS of $0.90.
Est‚e Lauder Cos. (EL) Surged To A New High On Strong Q4 Earnings
Mon, 21 Aug 2017 10:40:48 GMT
Est‚e Lauder Cos. (EL) reported fourth quarter EPS of $0.51 Friday morning, up from $0.42 a year ago. Analysts expected EPS of $0.43. The company expects to report first quarter EPS of $0.94 to $0.97. Street expectations are for EPS of $0.91.
Ross Stores Inc. (ROST) Leaped To A 2-Month High After Q2 Profit Beat
Mon, 21 Aug 2017 10:30:48 GMT
Ross Stores Inc. (ROST) reported second quarter EPS of $0.82 after the bell Thursday, up from $0.71 a year ago. Analysts expected EPS of $0.77.
Foot Locker plunges 28% after sales fall way short of Street; Nike, Under Armour drop
Fri, 18 Aug 2017 12:59:00 GMT
Foot Locker nosedive after the company's quarterly results miss expectations by a wide margin.
Estee Lauder's quarterly profit beats estimates
Fri, 18 Aug 2017 12:05:00 GMT
Cosmetics maker Estee Lauder posted a higher-than-expected quarterly profit.
Wal-Mart Stores Inc. (WMT) Pulled Back Following Q2 Report
Fri, 18 Aug 2017 11:30:45 GMT
Wal-Mart Stores Inc. (WMT) reported second quarter adjusted EPS of $1.08 Thursday morning, compared to $1.07 a year ago. Analysts expected EPS of $1.07.
NetApp Inc. (NTAP) Dropped On Weaker Than Expected Guidance
Fri, 18 Aug 2017 11:10:45 GMT
NetApp Inc. (NTAP) reported first quarter EPS of $0.62 after the close Wednesday, up from $0.46 last year. Street expectations were for EPS of $0.55. Second quarter EPS is expected to be between $0.64 and $0.72. The consensus estimate is for EPS of $0.70.
Deere shares dive after sales fall short of Wall Street estimates
Fri, 18 Aug 2017 11:09:00 GMT
Deere reported a better-than-expected quarterly profit, helped by improving demand for its farm equipment, particularly in South America.
Brunswick Corp. (BC) Tumbled To Over An 8-Month Low
Fri, 18 Aug 2017 11:00:45 GMT
Brunswick Corp. (BC) declined until around 1:30PM Thursday, but settled into a range for the rest of the session. The stock closed down by 4.12 at $51.49 on the highest volume of the year.
Lancaster Colony Corp. (LANC) Sank To A New Low After Q4 Miss
Fri, 18 Aug 2017 10:50:45 GMT
Lancaster Colony Corp. (LANC) reported fourth quarter EPS of $1.04 Thursday morning, down from $1.12 last year. Analysts expected EPS of $1.12.
Hershey Co. (HSY) Jumped Following Upgrade At Bernstein
Fri, 18 Aug 2017 10:40:45 GMT
Bernstein upgraded its rating on shares of Hershey Co. (HSY) Thursday morning to "Outperform" from "Market Perform."
Alibaba Group Holding (BABA) Set A New High After Q1 Report
Fri, 18 Aug 2017 10:30:45 GMT
Alibaba Group Holding (BABA) reported first quarter earnings of RMB7.95 per share up from RMB4.83 per share last year. Revenues rose 56.1% to RMB50.18 billion from RMB32.15 billion last year.
Gap soars after better-than-expected profit forecast, same-store sales
Thu, 17 Aug 2017 20:49:00 GMT
The company also said its quarterly net income more than doubled and raised its full-year earnings forecast.
Wal-Mart beats on earnings, same-store sales climb as online purchases grow 60%
Thu, 17 Aug 2017 13:19:00 GMT
Looking ahead, Wal-Mart has raised the low end of its earnings outlook for the full year.
Wal-Mart Q2 Profit Down, Adj. EPS Tops Estimates On Higher Comps
Thu, 17 Aug 2017 11:38:21 GMT
Wal-Mart Stores Inc., the world's largest retailer, reported a decline in second-quarter profit with a significant charge. Adjusted earnings topped analysts' estimates with higher comparable sales. Looking ahead, for the third quarter, the company projects earnings in line or below market view. The company also issued earnings forecast for fiscal 2018.
China's Alibaba outstrips revenue estimates with online sales growth
Thu, 17 Aug 2017 11:24:00 GMT
Alibaba, China's largest e-commerce firm, reported first-quarter revenue above Wall Street estimates, helped by strength in the Chinese e-commerce market.
Salesforce.com Inc. (CRM) Climbed Past Resistance At The Highs
Thu, 17 Aug 2017 11:20:24 GMT
Salesforce.com Inc. (CRM) climbed throughout the first half of Wednesday's session, but was range-bound for the remainder of the day. Shares finished up by 1.54 at $92.24.
Red Hat Inc. (RHT) Broke Out To A New High For The Year
Thu, 17 Aug 2017 11:10:24 GMT
Red Hat Inc. (RHT) climbed throughout the first half of Wednesday's session and took out the session highs in late trade. The stock finished up by 1.76 at $101.75.
SBA Communications Corp. (SBAC) Climbed To A New High For The Year
Thu, 17 Aug 2017 11:00:24 GMT
SBA Communications Corp. (SBAC) climbed until mid-morning Wednesday, before settling into a range. Shares finished with a gain of 2.42 at $143.72.
Jack Henry & Associates (JKHY) Fell To Nearly A 3-Month Low After Q4 Report
Thu, 17 Aug 2017 10:50:24 GMT
Jack Henry & Associates (JKHY) reported fourth quarter EPS of $0.83 after the close Tuesday, down from $1.06 in the previous year.
Agilent Technologies (A) Leaped To A New High On Strong Q3 Results
Thu, 17 Aug 2017 10:40:24 GMT
Agilent Technologies (A) reported third quarter EPS of $0.59 after the close Tuesday, up from $0.49 in the prior year period. The consensus estimate was for EPS of $0.52.
L Brands stock falls after weak outlook
Wed, 16 Aug 2017 21:08:00 GMT
L Brands shares fell nearly 8 percent in after-hours trading after the company shared a weak outlook for the third quarter.
Cisco slides after revenue beat
Wed, 16 Aug 2017 20:16:00 GMT
While the company beat estimates, revenue decreased for the seventh quarter in a row.
NetApp beats Street 1Q forecasts
Wed, 16 Aug 2017 20:12:00 GMT
SUNNYVALE, Calif. _ NetApp Inc. on Wednesday reported fiscal first-quarter earnings of $136 million. Eight analysts surveyed by Zacks expected $1.31 billion. For the current quarter ending in November, NetApp expects its per-share earnings to range from 64 cents to 72 cents.
Target shares jump as shoppers return to stores, boosting sales
Wed, 16 Aug 2017 14:55:00 GMT
Until this past Monday, Target had so far been on the sidelines as far as deals go in retail.
Target Lifts FY17 Forecast As Q2 Results Top Estimates
Wed, 16 Aug 2017 11:08:02 GMT
Discount-store operator Target, Inc. on Wednesday lifted its fiscal 2017 forecast for earnings and comparable sales after reporting higher comps in its second quarter. Net earnings in the quarter declined, while earnings from continuing operations increased with higher sales. Adjusted earnings per share as well as top line beat analysts' estimates. In pre-market, Target shares were up 6.4 percent.
A.P. Moller - Maersk Posts Loss In Q2; Backs FY17 Profit Growth View; Stock Up
Wed, 16 Aug 2017 10:37:46 GMT
Shares of A.P. Moller-Maersk A/S were gaining around 4 percent in the morning trading in Denmark after the shipping and oil company maintained its forecast for higher profit in fiscal 2017, despite the expected negative impact from the June cyber-attack of up to $300 million. In its second quarter, the company slipped to a loss, compared to profit last year.
Retailer Urban Outfitters shares soar more than 20% after big earnings beat
Wed, 16 Aug 2017 10:18:00 GMT
Shares of Urban Outfitters soared Wednesday after the retailer reported earnings and revenue that topped expectations.
Fog lifting for Maersk as CEO gives upbeat shipping forecast
Wed, 16 Aug 2017 09:56:00 GMT
Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday.
TJX among few bright spots in glum US retail sector
Tue, 15 Aug 2017 15:07:00 GMT
The owner of retail chains T.J. Maxx and Marshalls reported better-than-expected profit and sales on Tuesday as its discounts attracted shoppers.
Dick's Sporting Goods shares crater on disappointing sales, poor outlook for the year
Tue, 15 Aug 2017 13:04:00 GMT
Dick's Sporting Goods says weakness in hunting and licensed apparel, among other factors, hurt its results.
TJX Companies Q2 Profit Per Share Increases
Tue, 15 Aug 2017 12:59:53 GMT
Off-price apparel retailer TJX Companies Inc. (TJX) Tuesday announced a decline in second quarter net income to $552.96 million from $562.17 million last year. On a per share basis, earnings was $0.85, up from $0.84 in the prior year. The company noted that the overall net impact of foreign currency exchange rates had a $.04 negative impact on second quarter.
Coach earnings top estimates but revenue falls short
Tue, 15 Aug 2017 11:05:00 GMT
Before the bell on Tuesday Coach reported fourth quarter earnings per share which beat expectations but missed on revenue.
Home Depot Lifts FY17 Outlook As Q2 Results Top Estimates
Tue, 15 Aug 2017 10:28:48 GMT
Home Depot Inc., the world's largest home improvement retailer, on Tuesday lifted its fiscal 2017 earnings and sales forecast after reporting higher second-quarter results with strong comparable sales growth. Both earnings per share and top line beat market estimates.
Home Depot tops Street views, raises forecast for second time this year
Tue, 15 Aug 2017 09:26:00 GMT
Home Depot has gotten a boost from sales of more expensive items and from growth in the average shopper's ticket.
Vmware Projects Q2 Profit In A Range Of $0.78 To $0.86 Per Share
Mon, 14 Aug 2017 13:09:13 GMT
VMware, Inc. (VMW) Monday said it expects second quarter preliminary earnings in a range of $0.78 to $0.86 per share. On an adjusted basis, earning for the quarter is expected to be $1.15 to $1.19 per share.
Bilfinger Q2 Net Loss Narrows, Adjusted EBITA Slips To Loss; Confirms FY17 View
Mon, 14 Aug 2017 07:31:18 GMT
German engineering group Bilfinger SE reported Monday a narrower net loss in its second quarter. Adjusted EBITA, a key earnings metric, meanwhile, slipped in to a loss from last year's profit hurt by provisions for projects in the USA and weak output volume. Orders also were lower. Further, the company maintained its fiscal 2017 forecast for orders and output volume.
On earnings calls, corporate leaders openly bemoan DC's lack of direction
Fri, 11 Aug 2017 15:46:00 GMT
Washington's lack of movement on tax reform and health-care policy has corporate executives worried.
JC Penney losses mount, missing estimates; stock craters
Fri, 11 Aug 2017 14:18:00 GMT
J.C. Penney's stock was in free fall after the besieged retailer turned in a mixed report for the second quarter.
J. C. Penney Q2 Loss Wider Than Estimates; Stock Plunges
Fri, 11 Aug 2017 12:28:02 GMT
J. C. Penney Company Inc. (JCP) reported Friday a wider year-over-year net loss for the second-quarter 2017. Total net sales for the quarter were up 1.5%, while comparable sales declined 1.3%. It reaffirmed its adjusted earnings per share guidance for fiscal year 2017. Quarterly loss was wider than analysts' expectations, but net sales beat their estimates.
Snap plunges 14% to under $12 after another disappointing earnings report
Fri, 11 Aug 2017 11:50:00 GMT
Snap's second-ever quarterly report as a public company comes at a crucial time for the ephemeral messaging app.
It's over for tech start-ups — just look at today's earnings reports
Fri, 11 Aug 2017 00:35:00 GMT
Blue Apron was targeted by Amazon. Snap was copied by Facebook. Both are struggling.
Nvidia shares fall despite earnings beat
Thu, 10 Aug 2017 22:07:00 GMT
Nvidia shares rose and then fell in after-hours trading following the release of its second-quarter earnings statement.
Nordstrom's stock pops as retailer delivers same-store sales growth
Thu, 10 Aug 2017 21:49:00 GMT
Earlier on Thursday, retail rivals Kohl's, Macy's and Dillard's delivered second-quarter earnings ahead of Nordstrom.
News Corp beats earnings expectations, misses on revenue
Thu, 10 Aug 2017 21:42:00 GMT
News Corp reported quarterly earnings that beat and revenue that missed analysts' expectations on Thursday.
Live Nation Inc. (LYV) Has Surged To A New High On Strong Q2 Earnings
Thu, 10 Aug 2017 13:40:49 GMT
Live Nation Inc. (LYV) reported second quarter EPS of $0.29 after the bell Wednesday, up from $0.13 in the previous year. Analysts expected EPS of $0.19.
Macy's Q2 Results Beat View; Reiterates FY17 Outlook
Thu, 10 Aug 2017 12:27:11 GMT
Department store chain Macy's Inc. on Thursday reported a surge in profit for the second quarter from last year as a decline in sales was more than offset by lower expenses and one-time charges. Both revenue and adjusted earnings per share beat analysts' estimates. Looking ahead, the company reiterated its financial outlook for fiscal 2017.
Coca-Cola European Partners Raises FY17 Earnings Outlook - Quick Facts
Thu, 10 Aug 2017 11:44:04 GMT
While reporting its second-quarter financial results today, Coca-Cola European Partners plc (CCE) raised its earnings outlook for fiscal 2017 and declared a quarterly dividend.
Glencore Posts Profit In H1 On Higher Prices; Lifts FY Earnings View; Stock Dips
Thu, 10 Aug 2017 10:31:41 GMT
Glencore plc, a producer and marketer of commodities, reported Thursday a significant profit in its first half, compared to last year's loss, driven by higher commodity prices. Further, the company lifted its fiscal 2017 earnings forecast for marketing segment. In London, Glencore shares were trading around 2 percent lower.
ThyssenKrupp Q3 Attributable Net Profit Down; Backs Net Loss Forecast For FY17
Thu, 10 Aug 2017 09:26:35 GMT
German steel giant thyssenKrupp AG Thursday reported lower attributable net profit in its third quarter, while profit from continuing operations surged with higher sales. Further, the company affirmed its targets for fiscal 2017, expecting a net loss due to the sale of Brazilian steel mill CSA. Excluding this one-time effect, net income is expected to be significantly higher.
Perrigo Q2 Loss Narrows; Raises Full-year Adj. Earnings Outlook - Quick Facts
Thu, 10 Aug 2017 07:05:08 GMT
Drug maker Perrigo Company plc (PRGO) reported a loss for the second quarter that narrowed from last year and raised its outlook for fiscal 2017 adjusted earnings per share.
Witan Investment Trust H1 Profit Rises - Quick Facts
Thu, 10 Aug 2017 06:44:52 GMT
Witan Investment Trust PLC (WTAN.L) reported that its half-year profit before taxation rose to 181.95 million pounds from 102.35 million pounds in the same period last year.
Glencore Turns To Profit In H1 - Quick Facts
Thu, 10 Aug 2017 06:34:08 GMT
Glencore plc (GLCNF.PK, GLNCY.PK, GLEN.L) reported that its income before income taxes for the first half of 2017 was $2.87 billion, compared to loss of $698 million in the prior-year period.
Bechtle Q2 Profit Up 11%; Affirms FY17 Outlook - Quick Facts
Thu, 10 Aug 2017 06:05:17 GMT
Information technology company Bechtle AG (BC8G) said its second-quarter earnings after tax rose 11 percent to 25.39 million euros from 22.71 million euros last year. Earnings per share grew to 1.21 euro from 1.08 euro a year ago.
Hannover Re H1 Profit Up 9.6%; Affirms FY Outlook - Quick Facts
Thu, 10 Aug 2017 05:53:55 GMT
German re-insurer Hannover Re AG (HVRRY.PK, HVRRF.PK) reported that its group net income for the first half of 2017 rose 9.6% to 535.0 million euros from 488.0 million euros in the comparable period of the prior year. Earnings per share were 4.44 euros, up from 4.05 euros a year ago.
Aareal Bank Q2 Profit Declines; Affirms FY Outlook - Quick Facts
Thu, 10 Aug 2017 05:40:17 GMT
Real estate lender Aareal Bank Group (AAALF.PK) reported that its second-quarter consolidated net income allocated to ordinary shareholders declined to 62 million euros from last year's 73 million euros. Earnings per share decreased to 1.05 euros from 1.23 euros in the prior-year quarter.
ThyssenKrupp Posts Loss In Nine-month Period; Backs FY Outlook - Quick Facts
Thu, 10 Aug 2017 05:24:55 GMT
German steel giant ThyssenKrupp AG (TYEKF.PK) reported that its net loss attributable to shareholders for the nine month period ended June 30, 2017 was 751 million euros, compared to net income of 168 million euros in the year-ago period. Loss per share was 1.33 euros, compared to earnings of 0.30 euros last year.
American Airlines July Traffic, Capacity Rise - Quick Facts
Wed, 09 Aug 2017 12:12:37 GMT
American Airlines Group Inc. (AAL) reported that its traffic, measured in revenue passenger miles or RPM, for the month of July 2017 rose 0.8 percent to a record 21.89 billion from 21.71 billion in July 2016.
Hospitality Properties Q2 FFO Per Share Declines
Wed, 09 Aug 2017 11:38:04 GMT
Hospitality Properties Trust (HPT) Wednesday said its second quarter normalized FFO available increased to $173.60 million from $165.71 million last year. FFO per share declined to $1.06 from $1.09 a year ago. Net income available to common shareholders were $0.37 per share, up from $0.34 in the previous year.
Office Depot Q2 Earnings Miss Estimates; Maintains FY17 Outlook
Wed, 09 Aug 2017 11:30:42 GMT
Office Depot Inc. reported Wednesday a sharp decline in second-quarter profit on the absence of a prior year benefit as well as weak sales. For fiscal 2017, the company continues to expect lower sales and higher adjusted operating income.
Lufthansa Group July Traffic Up 12.8%, Capacity Rises 12.4% - Quick Facts
Wed, 09 Aug 2017 11:28:54 GMT
German airline group Deutsche Lufthansa AG (DLAKF, DLAKY) announced a 0.3 point increase in passenger load factor to 86.3 percent for the month of July.
Tetra Technologies Q2 Net Loss Narrows
Wed, 09 Aug 2017 11:27:48 GMT
Tetra Technologies Inc. (TTI) Wednesday announced a narrower net loss attributable to stockholders for the second quarter to $10.991 million from $26.57 million last year. On a per share basis, loss attributable was $0.10 per share, narrower than $0.32 a year ago. On an adjusted basis, loss per share was $0.04.
E.ON Turns To Net Profit In H1, Adj. EBIT Down; Confirms FY17 Outlook
Wed, 09 Aug 2017 08:41:24 GMT
German energy company E.ON AG reported Wednesday a net profit in its first half, compared to prior year's loss. Adjusted EBIT, a key earnings metric, meanwhile declined with weak sales. The company further announced its plans to raise dividend payout ratio, and also reaffirmed its forecast for full-year 2017.
Legal & General H1 Profit Surges - Quick Facts
Wed, 09 Aug 2017 06:24:41 GMT
Legal & General Group Plc (LGEN.L) reported that its first-half profit before tax attributable to equity holders climbed 41 percent to 1.16 billion pounds from last year's 826 million pounds.
FibroGen Inc. (FGEN) Has Soared To A New High On Phase 2 Study News
Tue, 08 Aug 2017 13:35:39 GMT
FibroGen Inc. (FGEN) announced after the bell Monday that its Phase 2 study of pamrevlumab in patients with idiopathic pulmonary fibrosis met the primary efficacy endpoint.
MyoKardia Inc. (MYOK) Is Surging On Phase 2 Study Results
Mon, 07 Aug 2017 13:40:32 GMT
MyoKardia Inc. (MYOK) announced Monday morning that its Phase 2 PIONEER-HCM study of mavacamten in symptomatic, obstructive hypertrophic cardiomyopathy patients met its primary endpoint.
Facebook Inc. (FB) Has Leaped To A New High After Strong Q2 Report
Thu, 27 Jul 2017 13:42:00 GMT
Facebook Inc. (FB) reported second quarter EPS of $1.32 after the bell Wednesday, up from $0.78 a year ago. Analysts expected EPS of $1.13.
Boeing Co. (BA) Has Surged To A New High After Guidance Increase
Wed, 26 Jul 2017 13:40:09 GMT
Boeing Co. (BA) reported second quarter core EPS of $2.55 Wednesday morning, compared to the loss of $0.44 a year ago. The consensus estimate was for EPS of $2.30.
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