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…
AstraZeneca plc (LON: AZN) said on Saturday that it will buy Alexion Pharmaceuticals (NASDAQ: ALXN) for £29.50 billion. The acquisition marks the largest for the British pharmaceutical giant in history. As per AstraZeneca, bringing the U.S. drug manufacturer under its umbrella will help diversify its portfolio and expand…
In its annual report published on Friday, Asda said it paid Walmart Inc. (NYSE: WMT) £1.15 billion in dividend in March. Walmart is currently in the process of selling its majority stake in Asda to TDR Capital and Issa Brothers in a deal that values the British supermarket…
Pfizer Inc. (NYSE: PFE) received emergency use authorisation from the U.S. Food and Drug Administration (FDA) for its COVID-19 vaccine that it developed in collaboration with Germany’s BioNTech on Friday. The first round of vaccination comprising 2.9 million doses will begin in the upcoming week and focus primarily on…
Lululemon Athletica Inc. (NASDAQ: LULU) reported financial results for the fiscal third quarter on Thursday that topped analysts’ estimates for profit and sales. The retailer attributed its hawkish performance to online sales that it said made up over 40% of the total quarterly revenue, and offset the hit to…
Costco Wholesale Corp. (NASDAQ: COST) said on Thursday that its net sales came in lower than expected in the fiscal first quarter despite a 17% annualised increase as customer stockpiled items amidst the ongoing Coronavirus pandemic that has so far infected more than 16 million people in the United…
Broadcom Inc. (NASDAQ: AVGO) reported its financial results for the fiscal fourth quarter on Thursday that came in better than Wall Street estimates. The company also named its new CFO and gave guidance for the future that topped analysts’ estimates. Despite the upbeat earnings report, Broadcom shares, that you…
Oracle Corp. (NYSE: ORCL) published its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company’s guidance for the future was also better than expected on Thursday. Oracle initially slipped in extended trading on Thursday but regained the loss later…
Campbell Soup Co. (NYSE: CPB) reported its financial results for the fiscal first quarter on Wednesday that topped analysts’ estimates for earnings and revenue. Despite better-than-expected performance in Q1, the U.S. company’s guidance missed Wall Street expectations on Wednesday. Campbell Soup was reported less than 1% down in premarket…
Chewy Inc. (NYSE: CHWY) said on Tuesday that its sales came in better than expected in the fiscal third quarter. The company also expressed confidence that its loss was narrower than what analysts had anticipated for Q3. Chewy was reported about 2.5% down in extended trading on Tuesday.
Brown-Forman Corp (NYSE: BF.B) said on Tuesday that its profit slid more than expected in the fiscal second quarter. Its sales, however, topped analysts’ estimates in Q2. Shares of the company tanked more than 1.5% in premarket trading on Tuesday but recovered almost the entire intraday gain on market…
AutoZone Inc. (NYSE: AZO) published its financial results for the fiscal first quarter on Tuesday that topped analysts’ estimates for earnings and revenue, despite the ongoing Coronavirus pandemic that raised novel challenges in recent months. AutoZone had also topped Wall Street estimates in the prior quarter (Q4). AutoZone…
Ashtead Group plc (LON: AHT) said on Tuesday that its pre-tax profit came in 10% lower in the fiscal second quarter. The company, however, expressed confidence that its annual financial report will be stronger than its own expectations. Ashtead shares jumped roughly 4% in premarket trading on Tuesday. On…
Stitch Fix Inc. (NASDAQ: SFIX) said on Monday that it swung to a surprise profit in the fiscal first quarter. The company also announced its new CFO on Monday who has previously served at Amazon. Stitch Fix was reported more than 30% up in extended trading on Monday. Including…
Coupa Software Inc. (Nasdaq: Coup) published its earnings report for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company also gave upbeat guidance for the full year on Monday. Coupe jumped roughly 4% in after-hours trading on Monday. At £251.83 per…
Cisco Systems Inc. (NASDAQ: CSCO) said on Monday that it will buy IMImobile plc (LON: IMO), UK customer service software maker, for £543 million. The deal marks the largest for Cisco in the United Kingdom since 2018. The news comes nearly a month after Cisco published its…
Cloudera Inc. (NYSE: CLDR) said on Thursday that its adjusted earnings and revenue in the fiscal third quarter were better than what analysts had anticipated. At £9.23 per share, Cloudera is currently about 7% up year to date in the stock market after recovering from a low of £3.94…
DocuSign Inc. (NASDAQ: DOCU) reported its financial results for the fiscal third quarter on Friday that topped analysts’ estimates for earnings and revenue amidst the Coronavirus pandemic that fuelled demand for digital contracts in recent months. DocuSign said that its net loss in the third quarter printed at £43.53…
