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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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546天前
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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546天前
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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546天前
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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546天前
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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546天前
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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546天前
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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546天前
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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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546天前
Malaysian Ringgit Rises To 2-week High Against U.S. Dollar
The Malaysian ringgit strengthened against the U.S. dollar in the European session on Tuesday.
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546天前
National Vision Guides FY24 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, optical retail company National Vision Holdings, Inc. (EYE) initiated its adjusted earnings, net revenue and adjusted comparable store sales growth guidance for the full-year 2024, in line with estimates.
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546天前
U.S. Dollar Slides On Higher European Shares
The U.S. dollar weakened against other major currencies in the European session on Tuesday, as investors awaited key inflation readings in the U.S. and Europe due this week for clues on the timing and pace of interest rate cuts.
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546天前
Interface Swings To Profit In Q4
Commercial flooring company Interface, Inc. (TILE) reported Tuesday net income for the fourth quarter of $19.56 million or $0.33 per share, compared to a net loss of $24.62 million or $0.42 per share in the prior-year quarter.
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546天前
Bouygues Stock Up On FY23 Results, Dividend Hike, Positive FY24 View
Shares of Bouygues SA were gaining around 6 percent after the French telecommunications, media, and construction company reported Tuesday higher profit and sales in its fiscal 2023, driven mainly by contribution from Equans. Further, the company announced higher dividend, and said it targets slightly higher sales and current operating profit from activities for fiscal 2024.
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546天前
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