Market News

Apple Demonstrates Demand Resiliency as Average iPhone Sales Price Jumps

Apple Demonstrates Demand Resiliency as Average iPhone Sales Price Jumps

August 1, 2018 at 10:56 am

Apple (AAPL) demonstrated better demand than expected, proven by an iPhone average sales price of $724 that was about 5% ahead of forecasts, Goldman Sachs said in a report on Wednesday. The company reported third-quarter sales of $53.3 billion, up from $45.4 billion during the same timeframe a year earlier and topping consensus compiled by Capital IQ of $52.4 billion.Read More

DR Horton Reports Earnings, Revenue That Beat Expectations Amid Strong Housing Market

DR Horton Reports Earnings, Revenue That Beat Expectations Amid Strong Housing Market

July 26, 2018 at 10:00 am

DR Horton (DHI), the biggest home builder in the US, capitalized in the third quarter on a strong housing market, reporting earnings and revenue that beat expectations. The company said earnings came in at $1.18 per share, up from $0.76 per share in the same period a year ago, exceeding the estimate of $1.08 from analysts polled by Capital IQ.Read More

S&P 500 Rises 1.5% This Week to Four-Month High

S&P 500 Rises 1.5% This Week to Four-Month High

July 14, 2018 at 4:50 am

The Standard & Poor’s 500 index rose 1.5% to the highest in more than four months this week as investors focused on strong gains in technology stocks and mostly ignored concerns about the escalating trade spat between the US and China. The benchmark index ended the week at 2,801.31, up from last week’s close of 2,759.82. Facebook (FB) shares roseRead More

Bodycote Sees Higher-Than-Expected Revenue

Bodycote Sees Higher-Than-Expected Revenue

June 4, 2018 at 1:52 pm

Bodycote (BOY.L), a British engineering firm, said early Wednesday that it expects full-year revenue and headline operating profit to be higher than previously estimated, after strong growth in its automotive and industrial business underpinned a jump in first-quarter group sales. Total revenue for the four months that ended April 30 stood at 243 million pounds ($322.5 million), up 7% fromRead More

Michael Kors Beats Q4 Street Views

Michael Kors Beats Q4 Street Views

June 4, 2018 at 1:51 pm

Michael Kors (KORS) topped Street expectations Wednesday by reporting fiscal Q4 earnings and revenue above Street views, but issued an outlook for flat fiscal 2019 comparable sales. Michael Kores traded down 6.2% pre-bell. The purveyors of fashion luxury reported fiscal Q4 ended March 31 adjusted EPS of $0.63, down from $0.73 reported a year earlier, but still above the $0.60Read More

Bank Of Montreal Q2 Tops Estimates on EPS and Revenue

Bank Of Montreal Q2 Tops Estimates on EPS and Revenue

June 4, 2018 at 1:51 pm

Bank Of Montreal (BMO, BMO.TO) on Wednesday reported Q2 adjusted earnings of CAD2.20 ($1.69) per share, up from CAD1.92 in the same period a year ago and exceeding the estimate of CAD2.12 from analysts polled by CapIQ. For the quarter ended April 30, total revenue of CAD5.62 billion was down from CAD5.74 billion in the same period a year agoRead More

Iron Mountain Buys Dutch-Based EvoSwitch Data Center Business for $235 Mln

Iron Mountain Buys Dutch-Based EvoSwitch Data Center Business for $235 Mln

June 4, 2018 at 1:50 pm

Iron Mountain (IRM) said pre-market Wednesday that it has acquired EvoSwitch Netherlands and EvoSwitch Global Services for EUR205 million ($235 million). The enterprise information management services company said the transaction enhances its presence in the Frankfurt, London, Amsterdam, Paris market. Iron Mountain had earlier acquired a London data center facility from Credit Suisse (CS). The agreement includes a future revenueRead More

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