Category: estimates
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CVS Health tops profit estimates as new CEO pursues turnaround; shares surge
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Written by Amina Nias and Sirbarna Roy (Reuters) – CVS Health defeated Wall Street’s estimates for profits in the fourth quarter on Wednesday and made annual expectations that meet expectations to a large extent, which hints to improve performance in the first quarter of it under the new CEO David…
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Utility Exelon forecasts 2025 profit above estimates
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(Reuters) – Exalton expects the annual profit to win over Wall Street’s estimates on Wednesday, as the American tool expects to benefit from the high rates of electricity and natural gas. American facilities seek to raise customer power bills to finance infrastructure promotions, as electrical networks in the country face…
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China’s SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth
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Beijing (Reuters)-International conductivity manufacturer (0981.hk), the largest chip maker in China, informed a 38.4 % decrease on an annual basis in the fourth quarter profits. The profit attributed to SMIC owners amounted to $ 107.6 million in the quarter to the quarter of October to December, compared to the estimate…
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Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart
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(Reuters)-Spirit Aerosystems said on Monday that she expects to publish a higher annual quarterly revenue than expected, driven to restart production in the largest client of space suppliers, Boeing. The shares of the company increased by 1 % in the pre -market trade. Spirit delivery increased by about 15 %…
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Halliburton’s Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities
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Soft Halliburton revenue estimates delayed, Goldman Sachs analyst seeks clarity on 2025 activities Halliburton Company (NYSE:HAL) stock is Trading lower on Wednesday. Goldman Sachs Analyst Neil Mehta reiterated his buy rating on the stock, With an expected price of $36. Halliburton reported its fourth-quarter revenue fell 2.3% year over year…
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Lucid beats estimates for EV deliveries as price cuts, cheaper financing spur demand
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(Reuters) – Lucid Group reported record fourth-quarter deliveries on Monday, beating Wall Street expectations, as the Saudi Arabia-backed automaker benefited from strong demand for luxury electric sedans. The electric car maker has cut prices and offered incentives including cheap financing to lure customers away from cheaper hybrid cars amid rising…
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Treasuries Gain as Key Fed Inflation Figures Trail Estimates
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(Bloomberg) — U.S. Treasuries rose off their highs late Friday after a batch of closely watched inflation data came in below expectations, prompting traders to raise expectations of interest rate cuts by the Federal Reserve next year. Most read from Bloomberg The policy-sensitive two-year Treasury yield was at 4.31% late…
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Synopsys shares fall after sales outlook misses estimates
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Written by Stephen Nellis and Zaheer Kashwala (Reuters) – Chip design software maker Synopsys on Wednesday forecast fiscal 2025 revenue to be below Wall Street expectations, partly due to lower China sales as the United States tightens controls on chip technology that can be sold to the country. Shares of…
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Netflix earnings, subscriber growth top estimates as investors eye potential price hikes
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Netflix ( NFLX ) stock rose as much as 5% in after-hours trading on Thursday, as the streaming giant beat third-quarter EPS, revenue and projected sales estimates for the current quarter that came in ahead of Wall Street expectations. Revenue surpassed Bloomberg’s consensus estimate of $9.78 billion to reach $9.83…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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CarMax beats second-quarter revenue estimates on higher unit sales By Reuters
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By Ananta Agarwal (Reuters) – Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4 percent in afternoon trading. Used car dealerships have had a rocky ride,…
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3 out of 5 companies miss revenue estimates this week – Earnings Scorecard (NASDAQ:DLTR)
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The S&P 500 (SP500) fell 4.25% during the holiday-shortened week, marking its worst weekly performance since early March 2023. Nonfarm payrolls data showed weaker-than-expected job growth in August and significant downward revisions to figures for June and July. The inflation data raised further concerns about growth and sparked debate among…
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Kohl’s beats earnings estimates, raises EPS guidance; shares rise By Investing.com
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Kohl’s (NYSE:) reported better-than-expected second-quarter earnings on Thursday, despite a drop in sales, and raised its full-year earnings outlook. The retailer’s shares rose more than 3% on the news. The department store chain reported adjusted earnings per share of $0.59 for the quarter ended Aug. 3, 2024, beating analysts’ estimates…
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Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake By Reuters
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By Himanshi Akhand and Louis Jackson (Reuters) – Australia’s Woodside Energy reported a 14 percent drop in first-half profit on Tuesday due to lower oil prices, but the result and its dividend beat market expectations, sending its shares up 4 percent. Chief executive Meg O’Neill said there was significant interest…
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Retail sales soar past Wall Street estimates in July
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Retail sales beat Wall Street estimates in July, helping ease concerns about a major slowdown in the U.S. economy. Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data. Meanwhile, retail sales in June were revised down to a 0.2% decline, from…
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Jacobs beats Q2 revenue estimates on steady demand in infrastructure business By Reuters
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(Reuters) – Engineering consultancy Jacobs Solutions Inc beat third-quarter revenue estimates on Tuesday, helped by continued demand at its infrastructure services unit. The People & Places Solutions (P&PS) segment, which provides architecture, energy transformation and other technology services, benefited from the US government’s $1 trillion infrastructure bill, as well as…
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Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs By Reuters
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(Reuters) – Bleach maker Clorox Co forecast annual profit to beat estimates after beating fourth-quarter earnings on Thursday, helped by back-to-back price increases in home care products and reduced input costs that improved margins. Demand for the company’s cleaning products such as floor cleaners and disinfectant sprays improved as consumers…
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EBay beats quarterly results estimates on steady demand for refurbished goods By Reuters
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(Reuters) – eBay Inc beat Wall Street expectations on revenue and profit in the second quarter, helped by strong demand for used goods, auto parts and cost-effective accessories. But the e-commerce giant’s third-quarter revenue forecast fell short of analysts’ estimates, pointing to the effects of a tough economy. The company’s…