An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty Images In a recent announcement, Lowe’s revealed that its full-year sales outlook has been reduced, citing decreased spending by customers on do-it-yourself projects. Its fiscal third-quarter sales plunged almost …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
A multitude of retailers are once again attributing shrink as one of the main causes of their underwhelming profits for the quarter. However, some of these companies are now offering more detailed information than ever before on the extent to which shrink, including theft, damage, and fraud, is impacting their bottom lines. At the same …
Best Buy surpassed Wall Street’s sales expectations for the quarter, but its outlook for the rest of the year is tempered due to reduced demand for kitchen appliances, computer monitors, and electronics in the post-pandemic period. CEO Corie Barry believes that this year will be the low point in tech demand, with stabilization and growth …
In a week filled with major events such as Nvidia’s quarterly results and Federal Reserve Chairman Jerome Powell’s Jackson Hole address, our portfolio underwent a series of adjustments. These changes were driven by careful analysis and strategic decision-making. Let’s take a closer look at our trades and price-target adjustments for each day. Monday set the …
Lowe’s, the home improvement retailer, released its fiscal second-quarter results, which showed a mix of positive and negative trends. While consumers engaged in springtime projects, helping to offset the decline in home improvement demand, the company slightly missed expected sales, even though it exceeded Wall Street’s earnings estimates. Despite these challenges, Lowe’s maintained its full-year …
A Dick’s Sporting Goods store in Niles, Illinois, May 20, 2014. Getty Images Check out the companies making headlines in midday trading. Dick’s Sporting Goods — The retail stock plummeted nearly 24% following a rare earnings miss and a downward revision of its guidance for the year. The decline was partly attributed to an increase …
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Check out the companies making headlines before the bell: Fabrinet — Fabrinet experienced a remarkable 21% surge in their fiscal fourth-quarter results, surpassing the estimates of analysts. The company’s non-GAAP earnings per share …
A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …
Landscaping crews in California, including Everthrive Landscape, have started using battery-powered tools. Meanwhile, Home Depot and Lowe’s have seen an increasing demand for battery-powered outdoor tools like leaf blowers, mowers, and string trimmers. The transition from gas-powered to electric-powered tools could potentially boost sales for the home improvement retailers, which have experienced weaker store traffic …