Liberty Global Q4 Operating Income Up 73.2% YoY; Rebased Revenue Up 1.2% Liberty Global (LBTYA, LBTYB, LBTYK) reported that its fourth-quarter operating income on a continuing operations basis increased 73.2% year-over-year to $252.2 million. Rebased operating cash flow from continuing operations improved 2.9% to $1.30 billion. Net earnings attributable to Liberty Global...

WABCO Holdings Confirms Approach From ZF Friedrichshafen WABCO Holdings Inc. (WBC) Wednesday confirmed that it has been approached by ZF Friedrichshafen AG and has engaged in preliminary discussions concerning a potential transaction. The company said there can be no assurance that any agreement will be reached with respect to a transaction or that a transaction...

Regions Financial Issues 2019 Expectations, Long-term Financial Targets Regions Financial Corp. (RF) announced, for 2019, it targets: adjusted average loan growth in the low single digits; and adjusted total revenue growth of 2-4 percent. For the three-year period (2019-2021), Regions Financial projects: 2021 adjusted return on average tangible common equity of 18-20 percent;...

Boingo Wireless Issues Guidance - Quick Facts Boingo Wireless (WIFI) announced, for the first-quarter, the company projects: adjusted EBITDA to be in the range of $17.0 million to $21.0 million; and revenue to be in the range of $63.0 million to $68.0 million. For 2019, the company expects: adjusted EBITDA to be in the range of $80.0 million...

L Brands Issues Earnings Guidance - Quick Facts L Brands, Inc. (LB) announced the company currently expects 2019 full-year earnings per share to be between $2.20 and $2.60, including an approximately breakeven earnings per share result in the first quarter. For the fourth-quarter, excluding items, adjusted 13-week operating income was $898.7 million...

HP Q1 EPS In Line, But Revenues Miss Street HP Inc. (HPQ) Wednesday said its first-quarter net earnings dropped to $803 million or $0.51 per share from $1.94 billion or $1.16 per share last year. On an adjusted basis, earnings for the quarter rose to $0.52 per share from $0.48 per share last year. Analysts polled by Thomson Reuters estimate...

Perrigo Company Q4 Earnings Miss Street Perrigo Company plc (PRGO) Wednesday reported fourth-quarter profit of $82 million or $0.60 per share, up from $73 million or $0.52 per share last year. On an adjusted basis, earnings for the quarter dropped to $0.97 per share from $1.28 per share last year. Fourth-quarter revenues dropped 6.9%...

Liberty Global To Sell Swiss Operations To Sunrise Communications Liberty Global plc (LBTYA, LBTYB and LBTYK) has agreed to sell its Swiss operation, UPC Switzerland, to Sunrise Communications Group AG. Liberty Global will sell UPC Switzerland for a total enterprise value of CHF 6.3 billion or $6.3 billion on a U.S. GAAP basis. Sunrise will acquire the business...

Deutsche EuroShop FY18 FFO Up Deutsche EuroShop Wednesday reported full-year 2018 funds from operations of €150.4 million or €2.43 per share, compared with €148.1 million or €2.54 per share last year. Earnings before interest and taxes (EBIT) increased by 3.5% from €192.4 million to €199.1 million. Consolidated revenue was...

FedEx Unveils Autonomous Delivery Robot Package delivery giant FedEx Corp. on Wednesday unveiled an autonomous delivery robot designed to help its partners like Pizza Hut, Walgreens and Walmart to make same-day and "last-mile" deliveries to their customers. The company noted that with the FedEx SameDay Bot, retailers will be able to accept orders from nearby customers and deliver them by bot directly to customers' homes the same day.

Volkswagen And Microsoft Share Progress On Development Of Automotive Cloud Volkswagen and Microsoft are sharing progress on the development of the Volkswagen Automotive Cloud, discussed Herbert Diess, CEO of Volkswagen AG, and Satya Nadella, Microsoft CEO, during a joint visit to the Volkswagen Digital Lab in Berlin. The Volkswagen Automotive Cloud is to be extended step-by-step...

Sarepta Therapeutics Acquires Myonexus Therapeutics For $165 Million Sarepta Therapeutics Inc. (SRPT), Wednesday said it has exercised its option to acquire Myonexus Therapeutics, a clinical-stage biotechnology company developing transformative gene therapies for $165 million. In May 2018, Sarepta and Myonexus entered into an exclusive partnership to develop Myonexus'...

TJX Q4 Revenues Beat View; Hikes Dividend, Approves Share Buyback - Quick Facts Off-price retailer TJX Companies, Inc. (TJX) on Wednesday reported a 4 percent decrease in profit for the fourth quarter from last year despite higher sales. However, revenue for the quarter beat analysts' expectations. TJX also said it plans to increase the quarterly dividend by 18 percent and that...

Merck KGaA Proposes To Acquire Versum; Enterprise Value Of Deal At $5.9 Bln Merck KGaA (MKGAY.PK) announced it has proposed to the board of Versum Materials, Inc. that Merck should acquire all of the issued and outstanding common shares of Versum for $48 per share or an enterprise value of $5.9 billion in an all-cash transaction. Versum is a Delaware corporation based in Tempe,...