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Charting the Market -- Barron's

12 May 2018 10:00 am
A graphic look at selected stock activity for the week ended on May 11, 2018 n Edited by Bill Alpert and David Schutt 

Prompting downgrades, the cybersecurity software outfit's audit committee is probing its accounting, and figures could be revised. A weaker forecast hurt, too.

Following the reimposition of U.S. sanctions on Iran's economy, oil prices topped $70 a barrel, aiding the big Brazilian energy producer.

Topping Wall Street's relatively modest expectations, the travel booking website reported a 2% first-quarter gain in revenues and a 10% rise in Ebitda.

"Higher commodity and transportation costs" squeezed the beverage giant's margins in the first quarter, its CEO told analysts on an earnings call.

Activist investor Elliott Management offered $160 a share, a 27% premium, to take the health-care software maker private in an effort to hasten expansion.

Whole Foods Market joined a growing list of companies deploying Blink's electric-vehicle charging stations at some outlets, with more to come.

Revenue rose 28% in the Taser maker's March quarter, encouraging the company to raise its revenue guidance for the year, from about 17%, to 19%.

The newspaper chain said its March results were better than expected, as digital-ad revenue reached 44% of total ad sales. It also cut its payroll spending.

Not counting divestitures, the drug company reported 2% sales growth in its March quarter and made progress reducing debt. It will change its name.

Citing declining same-store sales, Morgan Stanley downgraded the department-store chain. Deutsche Bank told clients that department stores have "limited upside."

The cloud-based communications outfit grew revenue 48% in the March quarter. It raised guidance for 2018 revenue and expects a smaller loss for the year.

Although the flavoring supplier beat expectations for its March quarter, its guidance was below forecasts, and it announced a pricey $7 billion acquisition.

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(END) Dow Jones Newswires

May 12, 2018 06:00 ET (10:00 GMT)

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