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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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vor 945 Tagen
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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vor 945 Tagen
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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vor 945 Tagen
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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vor 945 Tagen
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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vor 945 Tagen
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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vor 945 Tagen
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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vor 945 Tagen
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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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vor 946 Tagen
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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vor 946 Tagen
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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vor 946 Tagen
FTSE 100 Declines As US Midterm Election Results Roll In
U.K. stocks slipped into the red on Wednesday as early results from the U.S. midterm elections showed Republicans are likely to narrowly win control of the U.S. House.
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vor 946 Tagen
CAC 40 Subdued As US Midterm Election Results Roll In
French stocks were little changed on Wednesday as investors awaited the results of U.S. midterm elections, which will determine control of the House and Senate.
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vor 946 Tagen
DAX Slips In Cautious Trade Ahead Of US Election Results
German stocks were subdued on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.
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vor 946 Tagen
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