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France Manufacturing Confidence Improves Slightly
Confidence among French manufacturers improved marginally for the third straight month in February, primarily due to an improvement in the assessment of the past production and the overall order book balance, survey results from the statistical office Insee showed on Wednesday. The manufacturing confidence index rose to 104 in February from 103 in the previous month.
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947 days ago
Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line
Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the fourth quarter declined to $3.3 million or $0.11 per share from $9.8 million or $0.30 per share in the prior-year quarter.
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947 days ago
Avista Guides FY23 Earnings In Line; Q4 EPS Tops Estimates
While reporting financial results for the fourth quarter on Wednesday, energy company Avista Corp. (AVA) confirmed its earnings guidance for the full-year 2023.
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947 days ago
Taiwan Downgrades Growth Outlook On Weak Investment, Subdued Global Recovery
Taiwan's economy is forecast to grow at a slower than previously projected pace in the face of global growth slowdown and weak domestic investment prospects despite a faster momentum in private consumption, the Directorate General of Budget, Accounting & Statistics said on Wednesday. The real growth outlook for 2023 was lowered to 2.12 percent from 2.75 percent estimated in January.
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947 days ago
Starbucks Unveils Olive Oil Coffee Drinks
Coffee chain Starbucks Corp. announced the launch of a new line of coffee drinks infused with olive oil. Starbucks Oleato coffee beverages are making their debut on Wedenesday in Italy, followed by Southern California in the United States this spring. Later this year, select markets in Japan, the Middle East, and the United Kingdom will launch the beverages.
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947 days ago
Travel + Leisure Q4 Adj. EPS Tops Estimates, But Revenues Miss
Leisure travel company Travel + Leisure Co. (TNL) reported Wednesday that net income attributable to TNL shareholders for the fourth quarter decreased to $90 million or $1.13 per share from $107 million or $1.23 per share in the prior-year quarter.
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947 days ago
Standard Motor Products Q4 Adj. EPS Tops Estimates, But Net Sales Miss
Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.
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947 days ago
more news
Hong Kong Govt To Hand Out Consumption Vouchers, Cuts Tax
Hong Kong Financial Secretary Paul Chan on Wednesday unveiled consumption vouchers, salaries tax cuts and a new scheme to attract talent as well as investment for the economic revival. In the budget 2023-24, Chan said "I believe that Hong Kong's economy will visibly recover this year, and I remain positive." But the economic recovery is still in its initial stage, he added.
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947 days ago
Allegion Q4 Results Top Estimates; Sees FY23 Earnings Above Market
Allegion plc, a provider of security products and solutions, reported Wednesday higher profit and revenues in its fourth quarter, above market estimates. Further, the company projects fiscal 2023 earnings higher than last year, and above the Street view. John Stone, Allegion president and CEO, said, "... our supply chain actions are achieving positive results..."
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947 days ago
Australian Dollar Falls On Risk Aversion
The Australian dollar dropped against its major counterparts in the European session on Wednesday, amid concerns over the possibility of further interest rate hikes by the Federal Reserve, which may weaken growth outlook.
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947 days ago
Italy Inflation Slows More Than Expected To 10.0%
Italy's consumer price inflation eased more than expected in January, on lower energy and fresh food prices, but core price growth accelerated due to increase in prices across a broad range of goods and services, latest figures from the statistical office ISTAT showed Wednesday. The consumer price index rose 10.0 percent year-on-year following an 11.6 percent increase in December.
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947 days ago
Australia Leading Index Continues To Signal Weak Growth - Westpac
Australia's leading index remained stuck in the negative territory for the sixth successive month in January amid headwinds from global factors, monetary policy and weaker labor work hours, survey results from Westpac showed Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index was largely unchanged in January, rising marginally to -1.04 percent.
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947 days ago
Rio Tinto Stock Dips On Weak FY22 Results, Dividend Cut
Shares of Rio Tinto Plc were losing around 3 percent in the morning trading in London and above 2 percent in pre-market activity on the NYSE after the Anglo-Australian mining giant reported Wednesday weak profit and sales for its fiscal 2022. Further, the company trimmed its dividend for the year and also backed fiscal 2023 production forecast.
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947 days ago
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