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Performance Food Group Boosts Q2, FY23 Net Sales Outlook As Q1 Results Top Estimates

Performance Food Group Co. (PFGC) reported Wednesday that net income for the first quarter soared to $95.7 million or $0.62 per from $4.70 million or $0.03 per share in the prior-year quarter.

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RBA's Bullock Says Rate Hikes, Cost Of Living Crisis To Bring Inflation Down

Reserve Bank of Australia Deputy Governor Michele Bullock said the interest rate hikes together with the cost of living pressures are set to weigh on consumption and cool demand, thus help to bring inflation back to the target. Although inflation forecasts were revised up a little, there are good reasons to believe that the peak of the inflation is approaching, Bullock said in Sydney on Wednesday

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Capri Holdings Backs FY22 EPS Outlook, But Trimmed Revenue Forecast

While reporting financial results for the second quarter on Wednesday, fashion luxury group Capri Holdings Ltd. (CPRI) maintains its earnings guidance for the full-year 2023, while trimming annual revenue outlook. The company also provided forecast for the third quarter.

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Elon Musk Sells $3.95 Bln Worth Tesla Shares

Tesla Inc. founder and Chief Executive Officer Elon Musk has sold at least $3.95 billion worth of his stake in the electric vehicle maker after completing his $44 billion acquisition of Twitter Inc., U.S. regulatory filings showed. In pre-market activity on Nasdaq, Tesla shares were gaining around 1.5 percent to trade at $194.22.

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Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Energy utility Allete Inc. (ALE) reported Wednesday that net income attributable to ALLETE for the third quarter grew to $33.7 million or $0.59 per share from $27.6 million or $0.53 per share in the prior-year quarter.

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Pound Drops Amid Risk Aversion

The pound weakened against its major counterparts in the European session on Wednesday amid risk aversion, as investors awaited the outcome of the U.S. midterm elections and inflation data.

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Walker & Dunlop Q3 Earnings Tops Estimates; Declares Dividend

Walker & Dunlop, Inc. (WD) reported Wednesday that net income for the third quarter declined to $46.83 million or $1.40 per share from $71.72 million or $2.21 per share in the prior-year quarter.

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Sensex, Nifty End Modestly Lower As US Election Results Roll In

Indian shares ended Wednesday's session modestly lower as investors monitored results from the U.S. mid-term election.

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European Shares Decline As Investors Watch US Midterm Election Results

European stocks slipped into the red on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.

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Adidas Q3 Profit Down; Cuts FY22 Outlook

German sports sneaker and apparel maker Adidas AG on Wednesday reported sharply lower profit in its third quarter, despite higher net sales. The company also trimmed its fiscal 2022 forecast, mainly reflecting the impact from the recent termination of adidas Yeezy partnership.

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