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Canadian Shares Turning In Mixed Performance; TSX Modestly Higher At Noon
Canadian shares are turning in a mixed performance on Wednesday, with investors digesting a report on the nation's manufacturing activity, and reacting to a slew of earnings updates.
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860 days ago
U.S. Construction Spending Unexpectedly Edges Slightly Lower In January
Construction spending in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday. The report said construction spending slipped by 0.1 percent to an annual rate of $1.826 trillion in January after falling by 0.7 percent to a revised rate of $1.828 trillion in December.
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860 days ago
U.S. Manufacturing Index Indicates Slightly Slower Contraction In February
A report released by the Institute for Supply Management on Wednesday showed U.S. manufacturing activity contracted at a slightly slower rate in the month of February. The ISM said its manufacturing PMI inched up to 47.7 in February from 47.4 in January, although a reading below 50 still indicates a contraction.
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860 days ago
Eurozone Manufacturing Activity Continues To Shrink
Euro area factory activity continued to contract in February despite production ending an eight-month sequence of decline amid the easing supplier bottlenecks and improved raw material availability, final survey data from S&P Global showed Wednesday. The manufacturing Purchasing Managers' Index, or PMI, fell to 48.5 in February from 48.8 in January.
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860 days ago
Abercrombie & Fitch, Dollar Tree Q4 Profit Down, While Kohl's Slips To Loss
U.S. retailers Abercrombie & Fitch Co. (ANF), Dollar Tree Inc. (DLTR) and Kohl's Corp. (KSS) on Wednesday reported results for the fourth quarter, with profit at Abercrombie & Fitch declining, and profit at Dollar Tree edging down from last year, while Kohl's slipped to a loss.
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860 days ago
Bank Of England Chief Bailey Signals Further Rate Hikes
Bank of England Governor Andrew Bailey said further increase in the interest rate might be required to achieve the UK inflation target on a sustainable basis. At Brunswick Group's Cost of Living Conference in London, Bailey said, "Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided."
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860 days ago
UK Manufacturing Signals Resilience Amid Easing Supply Bottlenecks, Inflationary Pressures
The British manufacturing sector indicated a resilient performance at the middle of the first quarter as the activity neared stabilization, led by a renewed rise in output on the back of sustained client demand and improved supply chains along with easing inflationary pressures, the final results of the purchasing managers' survey by S&P Global showed Tuesday.
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860 days ago
more news
Federal Signal Guides FY23 Revenues Above View; Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Wednesday, Federal Signal Corp. (FSS) initiated its adjusted earnings and net sales guidance for the full year 2023.
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860 days ago
Bay Street Looks Headed For Positive Start
Canadian shares look headed for a positive start on Wednesday, tracking gains in Asian and European markets, and firm bullion prices.
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860 days ago
Dollar Tree Guides Q1, FY23 Earnings Well Below Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, Dollar Tree, Inc. (DLTR) initiated earnings, sales and same-store sales guidance for the first quarter and for the full-year 2023.
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860 days ago
Wendy's Co. Guides FY22 Adj. EPS In Line; Q4 Results Top Estimates
While reporting financial results for the fourth quarter on Wednesday, The Wendy's Co. (WEN) initiated its adjusted earnings and global systemwide sales growth guidance for the full-year 2023. The company also initiated long term systemwide sales growthoutlook in the mid-single digits for 2024-25.
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860 days ago
Donaldson Boosts FY23 Outlook As Q2 Adj. EPS Tops Estimates
While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023.
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860 days ago
Lowe's Guides FY23 Earnings In Line With Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, home improvement retailer Lowe's Cos., Inc. (LOW) initiated its earnings, total sales and comparable sales guidance for the full-year 2023.
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860 days ago
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