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Business, Stocks

“Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth”

March 12, 2024

“Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations.  Sales at Old Navy… Continue Reading…

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Stocks

“Nvidia stock surges after earnings beat estimates across the board”

February 27, 2024

“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia… Continue Reading…

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Stocks

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

February 23, 2024

“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…

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Business

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

February 6, 2024

“…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…

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Business, Stocks

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

November 3, 2023

“…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…

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Business, Economy

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

November 3, 2023

“…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…

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Business

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

October 18, 2023

“… 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…

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Economy

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

October 17, 2023

“…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…

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Economy

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

August 23, 2023

“…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…

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Business, Stocks

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

August 23, 2023

“…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…

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