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U.S. Durable Goods Orders Plunge 6.1% In January
New orders for U.S. manufactured durable goods saw a substantial decrease in the month of January, according to a report released by the Commerce Department on Tuesday.
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Cracker Barrel Boosts FY24 Revenue Outlook; Declares Dividend - Update
While reporting financial results for the second quarter on Tuesday, Cracker Barrel Old Country Store, Inc. (CBRL) raised its total revenue guidance for the full-year 2023 to be between $3.5 billion and $3.6 billion from the prior outlook between $3.4 billion and $3.5 billion.
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Perrigo Launches Project Energize To Improve Efficiency, Cut Costs; To Cut 6% Jobs - Update
While reporting financial results for the fourth quarter on Tuesday, consumer products company Perrigo Co. plc (PRGO) said it is launching Project Energize - a global investment and efficiency program to drive the next evolution of capabilities and organizational agility.
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Pound Weakens Against Most Majors
The pound dropped against its most major counterparts in the European session on Tuesday.
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Bentley Systems Q4 Adj. EPS Tops View; Guides FY24 Revenues In Line
Infrastructure engineering software company Bentley Systems, Inc. (BSY) reported Tuesday net income for the fourth quarter of $179.59 million or $0.54 per share, sharply higher than $25.72 million or $0.08 per share in the prior-year quarter.
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Macy's Slips To Loss, Warns On FY24; To Close 150 Stores
Macy's, Inc. reported Tuesday a loss in its fourth quarter, compared to prior year's profit, amid weak sales. The latest results were hit by around $1 billion charge mainly related to the around 150 store closures planned as part of its newly announced strategy, A Bold New Chapter. Further, the Omni-channel fashion retailer issued fiscal 2024 outlook, expecting weak profit and sales.
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American Tower Guides FY24 Property Revenue In Line With Estimates - Update
While reporting its financial results for the fourth quarter on Tuesday, American Tower (AMT) initiated its property revenue for the full-year 2024.
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Bay Street Likely To Open On Mixed Note; Earnings In Focus
Canadian shares are likely to open on a mixed note Tuesday morning, tracking global cues, and reacting to earnings updates from Bank of Montreal and Bank of Nova Scotia.
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German Consumer Sentiment Logs Moderate Rise: GfK
Despite a sharp increase in income expectations, the recovery in German consumer confidence is rather moderate due to strong intentions to save rather than spend, a closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -29.0 in March from revised -29.6 in February.
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Sempra Energy Narrows FY24 EPS Outlook Range - Update
While reporting financial results for the fourth quarter on Tuesday, energy infrastructure company Sempra Energy (SRE) narrowed its earnings guidance for the full-year 2024, and initiated earnings outlook for the full-year 2025.
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Eurozone Lending To Households Logs Weakest Growth Since 2015
Lending to the euro area households grew at the slowest pace since 2015 and broad money supply posted a marginal growth in January, data released by the European Central Bank showed on Tuesday. Adjusted loans to households registered an annual increase of 0.3 percent, which was slower than the 0.4 percent rise in December. This was the weakest growth since early 2015.
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Perrigo Guides FY24 Well Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, consumer products company Perrigo Co. plc (PRGO) initiated its adjusted earnings, revenue and organic net sales growth guidance for the full-year 2024.
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BMO Financial Q1 Results Miss Estimates; Declares Dividend
Bank of Montreal (BMO, BMO.TO) reported Tuesday that its first-quarter net income was C$1.29 billion or C$1.73 per share, sharply higher than C$133 million or C$0.14 per share in the prior-year quarter.
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