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Argan, G-III Net Soar; Kroger Net Tumbles, H&R Block Net Loss Widens

  • Thomas Buckingham
  • 28 Jan, 2019
  • New York City

Argan third-quarter net surged 88% to $32 million. Children's Place third-quarter jumped 13% to $50 million. G-III Apparel third-quarter net surged 15% to $94 million. H&R Block second-quarter net loss widened to $171 million. The Kroger third-quarter net plunged 20% to $317 million.

Argan Jumps; At Home Group, Children's Place, G-III Apparel Tumble

  • Mukesh Buch
  • 28 Jan, 2019
  • New York City

Argan net surged but revenues decline. Children's Place declined after lowered fiscal outlook. G-III Apparel beat earnings estimates and lifted fiscal outlook. H&R Block net loss widened. Kroger net plunged and lowered fiscal outlook. Verint Systems net soared.

Bayer Sets Ambitious Growth in 2022; DS Smith, Vonovia Profit Surge

  • Sarla Buch
  • 28 Jan, 2019
  • New York City

Bayer forecasted sales growth in fiscal 2022. BT will remove equipment of Huawei from its 4G network within two years. DS Smith profit jumped and plans sale of plastics unit. Latecoere tumbled after weak fiscal 2019 outlook. Vonovia reported better-than-expected results.

Dollar General Falls on Lower Outlook, HD Supply, Movado Net Tumble

  • Mukesh Buch
  • 25 Jan, 2019
  • New York City

AutoZone first-quarter same store sales jumped. Dollar General declined on lowered fiscal outlook. HD Supply beat sales and profit estimates and lifted fiscal outlook. Movado tumbled despite net tumbled. Toll Brothers profit beats estimates but orders decline.

Stagecoach Net Swing to Loss, Takeda Wins $62 B Deal for Shire

  • Sarla Buch
  • 25 Jan, 2019
  • New York City

Daimler plans to increase its stake in China-based BAIC. Rolls-Royce said it will use technology of the U.S.-based Uptake. Stagecoach net swung to loss after non-cash goodwill impairment charge of £85 million. Takeda win shareholders approval for $62 billion deal for Shire Plc.

Cadence Bancrop Lowered Offer for State Bank, Mindbody Agreed to LBO Deal

  • Mukesh Buch
  • 24 Dec, 2018
  • New York City

Cadence Bancrop lowered offer price to acquire State Bank Financial Corp. China-based HNA Technology is reported to be in talks to sell Ingram Micro. Mindbody agreed to be acquired by Vista Equity Partners for $1.9 billion.

Anglo American Lifts Production Outlook, Euronext to Buy Oslo Exchange

  • Sarla Buch
  • 24 Dec, 2018
  • New York City

Anglo American lifted fiscal 2019 production forecast in Brazil after winning the regulatory approval for production expansion. Euronext intends to acquire Oslo stock exchange. Playtech declined after new Italian tax on gambling may reduce its fiscal operating profit.

Cintas, Nike Reported Strong Results; Zynga Acquires Small Giant Games

  • Mukesh Buch
  • 21 Dec, 2018
  • New York City

CarMax beats earnings estimates. Cintas reported strong results and lifted revenues growth forecast. Ennis jumped after revenues and profit soared. Nike soared after better-than-expected results. Zynga agreed to acquire Small Giant Games for $560 million.

Danske Lowers Outlook Second Time, Delivery Hero Sells German Business

  • Sarla Buch
  • 21 Dec, 2018
  • New York City

Danske Bank lowered fiscal profit outlook for the second time this year. Delivery Hero agreed to sell its German Food delivery business to Dutch rival. Vodafone said it will replace its auditor PricewaterhouseCoopers.

Accenture Revenues Surges; Conagra, Walgreens Beat Earnings Estimates

  • Mukesh Buch
  • 20 Dec, 2018
  • New York City

Accenture declined despite outsourcing services provider lifted fiscal outlook. BlackBerry net swung to profit. Carnival beats earnings estimates. Conagra tumbled after net declined. Herman Miller reported higher-than-expected results. Walgreens reported strong results.

Greencore Soars on Stock Buy Back Plan, Bourbon Corp in Search of New Partner

  • Sarla Buch
  • 20 Dec, 2018
  • New York City

Bourbon declined after the shipping company said it is looking for a new financial partner. Consus Real Estate net swung to profit on strong revenues. Greencore plans to buy back up to

FedEx Plunge Extends Loss to 32%, General Mills Reaffirms Outlook

  • Mukesh Buch
  • 19 Dec, 2018
  • New York City

FedEx lowered fiscal outlook despite strong results. General Mills reaffirmed fiscal forecast. Jabil Circuit net surged 94% on 16% jump in revenues. Micron Technology reported better-than-expected results. Paychex jumped after strong second-quarter results.

Glaxo to Split and Combine Consumer Unit with Pfizer, Ceconomy Tumbles

  • Sarla Buch
  • 19 Dec, 2018
  • New York City

Ceconomy tumbled on weak fiscal forecast. Glaxo plans to split into two businesses and the U.S. rival Pfizer agreed to combine consumer health care unit. Natixis booked

Oracle Repurchased $10 B of Stock, Navistar Held Out Optimistic Outlook

  • Mukesh Buch
  • 18 Dec, 2018
  • New York City

Darden Restaurants gained on 36% jump in profit and better-than-expected same store sales growth estimate. Navistar surged. Oracle revenues fell. Red Hat revenues soared. Steel Dynamics rose on improved forecast. Worthington Industries plunged 10%.

T-Mobile, Sprint Deal Wins U.S. Approval; Cherry AB Receives LBO Offer

  • Sarla Buch
  • 18 Dec, 2018
  • New York City

Cherry AB surged on takeover bid. T-Mobile and Sprint won takeover approval from the U.S. national-security officials. Eiffage SA agreed to buy 5.3% stake in the tunnel operator Getlink. Royal Dutch Shell is in talks to buy Endeavor Energy Resources.