A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The Minneapolis-based retailer has set low expectations for the year ahead. … Read more
The Macy’s flagship store in the Herald Square neighborhood of New York, US, on Saturday, Feb. 24, 2024. Yuki Iwamura | Bloomberg | Getty Images Macy’s fiscal first-quarter earnings topped Wall Street’s expectations on Tuesday, as the retailer said it saw early signs of momentum in its turnaround strategy. Even so, the department store operator’s … Read more
A shopping cart sits in front of a Lowe’s store in Pacoima, California, November 21, 2023. Justin Sullivan | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot missed … Read more
Shares of defence PSU Bharat Electronics (BEL), which have jumped 160% in last one year, today rose over 9% on BSE to its fresh all-time high of Rs 282.80 after posting a 30% jump in the net profit to Rs 1,783.52 crore for the fourth quarter. The revenue from operations stood at Rs 8,528.54 crore, … Read more
Investors can look for opportunities in stocks that have reported better-than-expected earnings for FY24. Out of the 1,375 stocks with market capitalisation exceeding Rs 1,000 crore, 374 have surpassed analysts’ earnings per share (EPS) estimates in FY24, according to data from LSEG. Among them, 20 are likely to offer returns exceeding 10% over the next … Read more
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 … Read more
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent … Read more
Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served … Read more
A favorable consumer price index report for April lifted investors’ hopes for rate cuts from the Federal Reserve – and that environment could prove favorable for dividend-paying stocks. A lower interest rate environment makes dividend payers more compelling to income investors, especially because those stocks would be offering competitive yields versus those of Treasurys. Recent … Read more
E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 million sellers. “After the big increase in both buyers and spending per buyer during Covid, it looks like they’ve hit a wall,” said Jason Helfstein, … Read more
