In an announcement on Wednesday, McCormick & Co. (NYSE: MKC) said it had acquired FONA International for £521.79 million in cash. FONA is an Illinois-based flavour company that focuses on health and nutrition. In a report published late in September, the global food company had posted £160.11 million…
German SAP-owned Qualtrics International Inc. said late on Monday that it had filed for an IPO in the United States valued at up to £74.20 million. SAP SE (ETR: SAP) acquired the U.S. based technological services provider in 2018 for £5.94 billion. Qualtrics reports a 32% growth in revenue…
In an announcement on Thursday, IBM Corp (NYSE: IBM) said it will pay £17.83 million to settle FCC (Federal Communications Commission) launched investigations over subsidies to libraries and schools for broadband access. IBM shares remained almost flat in premarket trading on Thursday. At £91 per share, the NYSE-listed…
Pfizer Inc. (NYSE: PFE) said on Wednesday that it struck a £1.48 billion deal with the U.S. government under which it will now deliver an additional 100 million doses of its COVID-19 vaccine by the end of July. The ongoing pandemic has so far infected more than 18 million…
Paychex Inc. (NASDAQ: PAYX) reported its financial results for the fiscal second quarter on Wednesday that topped analysts’ estimates for profit and revenue. On the back of hawkish performance, the company also raised its guidance for the full year on Wednesday. Paychex shares, that you can learn to…
Neogen Corp. (NASDAQ: NEOG) said on Tuesday that its earnings and revenue were lower than analysts’ estimates in the fiscal second quarter. The company attributed its dovish performance in Q2 somewhat to the ongoing COVID-19 crisis that has so far infected more than 18 million people in the United…
Cintas Corp. (NASDAQ: CTAS) published its earnings report for the fiscal second quarter on Tuesday that came in better than what analysts had anticipated, despite the ongoing Coronavirus pandemic that has so far infected more than 18 million people in the United States and caused over 327 thousand deaths.
CarMax Inc. (NYSE: KMX) reported its financial results for the fiscal third quarter on Tuesday that topped analysts’ estimates for profit and revenue. The company, however, said its same-store sales posted a decline in Q3 as demand weakened in recent weeks. Shares of the company slid roughly 4% in…
FactSet Research Systems Inc. (NYSE: FDS) reported its financial results for the fiscal first quarter on Monday that topped analysts’ estimates for earnings and revenue. The financial data company acquired Truvalue Labs Inc. (AI-driven ESG data company) in November. FactSet shares slid 1% in premarket trading on Monday…
In an announcement on Sunday, Lockheed Martin Corp (NYSE: LMT) said it will buy Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) in a deal valued at £3.30 billion. At £267 per share, Lockheed Martin is currently more than 10% down year to date in the stock market after recovering…
The Coca-Cola Company (NYSE: KO) said last week it will slash its global workforce by 2,200 jobs with more than half of them planned for the United States. The company attributed the move to business disruptions in recent months related to the ongoing Coronavirus pandemic that has so far…
Nike Inc. (NYSE: NKE) said on Friday that its revenue returned to the growth zone in the fiscal second quarter. The athletic-apparel giant hit a fresh new high in the stock market following the release of its earnings report on Friday. Nike shares were reported more than 3%…
Winnebago Industries Inc. (NYSE: WGO) published its earnings report for the fiscal first quarter on Friday that blew past Wall Street estimates for profit and revenue despite the ongoing Coronavirus pandemic that has so far infected more than 17 million people in the United States and caused over 300…
Darden Restaurants Inc. (NYSE: DRI) said its profit in the fiscal second quarter topped analysts’ estimates on Friday. Sales at Olive Garden, however, slid more than expected in the recent quarter. In a report published in September, the restaurant operator had reported a hit to its sales in…
FedEx Corp (NYSE: FDX) reported its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. At over £15 billion, the company said that its quarterly sales jumped to a record high and its earnings posted a more than 100% annualised growth…
Accenture plc (NYSE: ACN) published its earnings report for the fiscal first quarter on Thursday that came in better than expected. On the back of hawkish performance, the American-Irish company also raised its guidance for the future on Thursday. Shares of the company were reported more than 6% up…
General Mills Inc. (NYSE: GIS) reports its financial results for the fiscal second quarter on Thursday that came in better than what analysts had anticipated, despite the ongoing Coronavirus pandemic that has so far infected more than 1.7 million people in the United States and caused over 300 thousand…
Lennar Corp (NYSE: LEN) said on Wednesday that its net earnings in the fiscal fourth quarter printed at £650.40 million that translates to £2.08 per share. In the same quarter last year, its net earnings were capped at £496.79 million or £1.57 per share. Lennar Corp shares, that you…
Herman Miller Inc. (NASDAQ: MLHR) published its earnings report for the fiscal second quarter on Wednesday that came in weaker than expected due to the ongoing Coronavirus pandemic that pushed businesses into work from home arrangements this year. Herman Miller shares initially jumped more than 2% in after-hours trading…
Aphria Inc. (TSE: APHA) announced a reverse merger with its competitor, Tilray Inc. (NASDAQ: TLRY) on Wednesday – a move that will establish the largest cannabis producer in terms of sales. The Canadian company also said that the merger will help it expand its footprint in the U.S.
Nordson Corporation (NASDAQ: NDSN) reported its financial results for the fiscal fourth quarter on Tuesday that topped analysts’ estimates for earnings and revenue despite the ongoing Coronavirus pandemic that has so far infected more than 17 million people in the United States and caused over 300 thousand deaths. Nordson…
Eli Lilly & Co. (NYSE: LLY) expressed plans of acquiring Prevail Therapeutics Inc. (NASDAQ: PRVL) on Tuesday for £770 million – a move that it says will help it expand its footprint in gene therapy. Lilly announced a 15% increase in quarterly dividend earlier this week. Lilly’s…
In an announcement on Monday, Bed Bath & Beyond Inc. (NASDAQ: BBBY) said it will sell its Cost Plus World Market business to Kingswood Capital Management. The deal, as per the home goods retailer, is likely to close before the end of fiscal 2021 in February. Shares of the…
Huntington Bancshares Inc (NASDAQ: HBAN) said on Sunday that it will buy TCF Financial Corp. (NASDAQ: TCF) for £4.50 billion. The new company, after the completion of the all-stock deal, will have a market value of £16.49 billion. TCF Financial jumped about 7% in premarket trading on Monday…
In an announcement on Monday, Electronic Arts Inc. (NASDAQ: EA) said it will buy, Codemasters (LON: CDM), for £900 million. The British video game developer had previously struck an agreement with Take-Two Interactive Software – a bid that EA successfully trumped on Monday. At £102 per share, Electronic…
