Binary
AXA FY16 revenue crosses €100bn, raises dividend
Last Thursday, France’s biggest insurer AXA SA (OTC: AXAHF) reported its fiscal 2016 earnings that missed analysts’ estimates by a narrow margin. However, it was more than enough for the market to punish the stock. For the reasons provided below,
Read MoreRenault beats FY16 estimates, issues upbeat FY17 outlook
On February 10th , French automaker Renault S A (OTC: RNLSY) reported fiscal 2016 operating profit and revenue that jumped past analysts’ estimates. The company also boasted record volumes for the full year 2016. The market rewarded the overwhelmingly positive
Read MoreStarbucks beats Q1-2017 EPS view, reaffirms FY17 EPS outlook
Lower-than-anticipated same-store sales triggered a selloff in the stock of coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) in the last week of January. After hitting a low of $53.82 on February 2nd, the stock has recovered about 5% to close at
Read MoreDeutsche bank Q4 loss narrows, misses estimates
Anticipation of an improved fiscal 2016 fourth-quarter performance drove the share price of Deutsche Bank AG (NYSE: DB) to a 12-month high of $20.94 on January 25th . However, the bank failed to meet the expectations of investors by posting
Read MoreFord swings to $800 million loss in fourth-quarter 2016
The second-largest auto manufacturer in the US, Ford Motor Company (NYSE: F), reported a net loss in the fiscal 2016 fourth-quarter earnings, compared to a net profit in the similar period last year. While the adjusted earnings surpassed analysts’ estimates,
Read MoreMortgage fraud to impact Deutsche bank’s Q4 by $1.2 bln
The Deutsche Bank AG (NYSE: DB) is expected to announce its fiscal 2016 fourth-quarter results around February 4th. The bank anticipates a negative impact of $1.2 billion on the pre-tax profit, following the $7.2 billion penalty paid to the Department
Read MoreMicron to decline on concerns over flat YoY margin
Aided by a strong rise in the sales of memory chips and higher margin realization, last week, Micron Technology Inc. (NASDAQ: MU) reported fiscal 2017 first-quarter results that beat analysts’ estimates. The positive results and the management’s optimistic note about
Read MoreRating upgrade turns Wal-Mart bullish
The stock of the world’s largest retailer Wal-Mart Stores (NYSE: WMT) has hardly moved in the past two months. While the financial markets across the world touched new heights, the stock remained range bound between $68 and $71. The fiscal
Read MoreJNJ hit with a lawsuit against hip replacement device
In the second-half of October, the FMCG company Johnson & Johnson (NYSE: JNJ) reported fiscal 2016 third-quarter earnings of $1.68 per share on revenues of $17.8 billion. This compares with earnings of $1.49 per share on revenues of $17.1 billion
Read MoreNike turns bearish on lackluster futures orders
Last week, the numero uno footwear manufacturer Nike Inc. (NYSE: NKE) reported fiscal 2016 second-quarter results that beat analysts’ estimates. Nike also re-affirmed the high-single-digit revenue growth guidance for fiscal 2017. The impressive second-quarter results pushed the stock to a
Read More