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Target Q4 Results Top Estimates; Sees Q1, FY23 Earnings Below Market
Discount retailer Target Corp. reported Tuesday weak earnings in its fourth quarter, while adjusted earnings and top line beat market estimates. Looking ahead, the Minneapolis-based company projects earnings for the first quarter and fiscal 2023 below the Street view. In pre-market activity on the NYSE, Target shares were gaining around 3 percent.
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vor 726 Tagen
Advance Auto Parts Guides FY23 EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) initiated earnings, net sales and comparable store sales growth guidance for the full year 2023.
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vor 726 Tagen
Euro Appreciates Amid Hot Inflation Data
The euro climbed against its most major rivals in the European session on Tuesday, as inflation figures from France and Spain came in hotter than expected for February.
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vor 726 Tagen
Swiss Economy Stagnates In Q4
Despite the moderate growth in consumer spending, Switzerland's economy stagnated at the end of 2022 as the challenging global conditions curtailed exports and manufacturing output. Gross domestic product logged a flat sequential growth in the fourth quarter after expanding 0.2 percent in the previous three months, the State Secretariat for Economic Affairs, or SECO, said Tuesday.
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vor 726 Tagen
Interface Guides Q1, FY23 Revenues In Line - Update
While reporting financial results for the fourth quarter on Tuesday, commercial flooring company Interface, Inc. (TILE) said it expects net sales for the first quarter in a range of $290 million to $305 million and net sales growth of 1 to 5 percent for the full-year 2023.
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vor 726 Tagen
BMO Financial Q1 Profit Plunges; Declares Dividend
Bank of Montreal (BMO, BMO.TO) reported Tuesday that its first-quarter net income was C$247 million or C$0.30 per share, sharply lower than C$2.93 billion or C$4.43 per share in the prior-year quarter.
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vor 726 Tagen
Sensex, Nifty Extend Losing Streak On US Rate Worries
Indian shares fell for an eighth consecutive session on Tuesday amid considerable uncertainty over the trajectory of inflation, interest-rates and global growth.
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vor 726 Tagen
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European Shares Slip Into Red On Inflation Worries
European stocks fell on Tuesday after inflation figures from France and Spain came in hotter than expected for February, with price rises picking up pace both on an annual and sequential basis.
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vor 726 Tagen
FTSE Slips Into Red With Ocado In The Spotlight
U.K. stocks were moving lower on Tuesday, as inflation concerns deepened, and online retailer Ocado swung to a loss after a "challenging year".
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vor 726 Tagen
CAC 40 Slides On Inflation Jitters
French stocks declined on Tuesday after inflation figures from France and Spain came in hotter than expected for February, with price rises picking up pace both on an annual and sequential basis.
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vor 726 Tagen
Elon Musk Becomes World's Richest Person Again
Tesla founder and CEO Elon Musk has regained his title as the world's richest person after a surge in the luxury electric car maker's stock price, according to Bloomberg billionaires Index. The fortune of Musk, which is mainly tied to Tesla, was estimated to be around $187.1 billion as of Monday after markets closed. Musk was in top spot since September 2021 until he lost the title...
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vor 726 Tagen
DAX Falls On Inflation Concerns
German stocks fell on Tuesday after data showed French and Spanish inflation rose more than expected in February, increasing pressure on the European Central Bank to keep raising rates.
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vor 726 Tagen
Asian Shares Mostly Higher In Cautious Trade
Asian stocks ended mostly higher on Tuesday as China recovery hopes outweighed concerns about further hikes in U.S. interest rates.
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vor 726 Tagen
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