Intuit (INTU) reported adjusted quarterly earnings of 29 cents per share, beating the consensus estimate of 11 cents, while the financial software company’s revenue also came in above Street forecasts. The maker of TurboTax software also gave an upbeat forecast for the current quarter.
Urban Outfitters (URBN) came in eight cents above estimates with quarterly profit of 70 cents per share, while the apparel retailer also reported better than expected revenue. Urban Outfitters also reported a better than expected 8 percent increase in comparable store sales.
L Brands (LB) edged forecasts by one cent with adjusted quarterly profit of 16 cents per share, while the Victoria’s Secret parent saw revenue come in slightly above estimates. The company also raised its full-year guidance, but also announced it was cutting its annual dividend in half to $1.20 per share.
L Brands also appointed John Mehas, the president of women’s apparel and accessories brand Tory Burch, as CEO of the Victoria’s Secret unit effective in early 2019. Victoria’s Secret sales have fallen in seven of the past eight quarters.
Boston Scientific (BSX) offered to buy British drug maker BTG for about $4.24 billion in cash. The medical device maker’s bid represents a premium of nearly 37 percent over BTG’s Monday closing price, and the company said it would recommend the deal to its shareholders.
Boeing (BA) will hold a conference call with airlines this morning to discuss possible systems issues with its 737 MAX aircraft, according to sources quoted by Reuters.
Pure Storage (PSTG) reported adjusted quarterly profit of 13 cents per share, four cents above estimates, with the data storage company’s revenue above estimates as well. Pure Storage also raised the low end of its full-year earnings outlook range.
Agilent Technologies (A) reported adjusted quarterly profit of 81 cents per share, beating estimates by seven cents, with the life sciences company’s revenue also beating Street forecasts. The company also announced a $1.75 billion share buyback program.
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