Actualités Forex

Illinois Tool Works Q1 Earnings Top Estimates; Boosts FY24 EPS Outlook

Illinois Tool Works Q1 Earnings Top Estimates; Boosts FY24 EPS Outlook

Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $819 million or $2.73 per share from $714 million or $2.33 per share in the year-ago quarter. Excluding items, adjusted net income for the quarter was $2.44 per share.
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Mercedes-Benz Stock Down On Weak Q1 Results, FY24 View

Mercedes-Benz Stock Down On Weak Q1 Results, FY24 View

Shares of Mercedes-Benz Group AG were losing around 5 percent in the German trading after the automobile major reported Tuesday weak profit and revenues in its first quarter amid lower unit sales of cars. The company also confirmed its fiscal 2024 outlook, expecting lower earnings and flat revenues.
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Germany Skirts Recession In Q1

Germany Skirts Recession In Q1

The German economy avoided a recession in the first quarter on exports and investment in construction, preliminary data from Destatis showed on Tuesday. Gross domestic product grew a more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding three months.
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Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.
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Futures Pointing To Slightly Subdued Start On Wall Street

Futures Pointing To Slightly Subdued Start On Wall Street

Futures indicate a slightly weak start for U.S. stocks Tuesday morning. The focus will be on a slew of quarterly earnings updates, and the Federal Reserve's monetary policy meeting, which gets underway today.
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UK Mortgage Approvals At 18-Month High

UK Mortgage Approvals At 18-Month High

UK mortgage approvals increased to a one-and-a-half year high in March as the impact of higher interest rates waned, data published by the Bank of England showed on Tuesday. Net mortgage approvals for house purchases increased to 61,300 in March from 60,500 in February. This was the highest since September 2022 and also above the expected level of 61,000.
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American Electric Power Reaffirms FY24 Outlook - Update

American Electric Power Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.
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Eli Lilly Boosts FY24 Outlook - Update

Eli Lilly Boosts FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound and greater visibility into the company's production expansion for the remainder of the year.
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Eaton Boosts FY24 Outlook - Update

Eaton Boosts FY24 Outlook - Update

While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.
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