Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

“Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%. Here’s how the company did: The revenue figure is what Roblox calls bookings, a category that… Continue Reading…

Business

“Ferrari finishes a record year by topping Wall Street’s estimates”

“…The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, during the fourth quarter. Its adjusted earnings before interest and taxes, or EBIT, was 1.62 billion euros, or $1.75 billion,… Continue Reading…

Business, Stocks

“Palantir [Defense & AI company ]shares pop 20% after its third-quarter results beat estimates”

“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…

Business, Economy

“Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates”

“…Shares of the company were down 2% in morning trading. Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Restaurant Brands reported third-quarter net income… Continue Reading…

Business

“Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away”

“… Here’s what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: P&G reported fiscal first-quarter net income attributable to the company of $4.52 billion, or $1.83 per… Continue Reading…

Economy

“Retail sales rose 0.7% in September, much stronger than estimate”

“…Excluding autos, sales were up 0.6%, also well ahead of the forecast for just 0.2%. The so-called control group, which strips out items such as auto dealers, gas stations, office supply stores, mobile homes and tobacco stores and is used… Continue Reading…

Economy

“Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates”

“…The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an estimate by Moody’s RMS on Tuesday… The wildfires are the worst disaster in Hawaii state history. At least 115 people… Continue Reading…

Business, Stocks

“Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance”

“…Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Shares jumped more than 15% in early trading Wednesday. Net income for the… Continue Reading…

Business, Stocks

“Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback”

https://finance.yahoo.com/m/7a5dbac6-51ee-38c9-8218-f8bd736dac4e/home-depot-tops-earnings.html The article is behind a paywall but the headline is useful. There’s a 15 billion dollar buyback.

Banking, Economy

“Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate”

“Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to “restore anchoring of expectations as well as predictability.” The new… Continue Reading…