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Mercedes-Benz Stock Down On Weak Q1 Results, FY24 View

Shares of Mercedes-Benz Group AG were losing around 5 percent in the German trading after the automobile major reported Tuesday weak profit and revenues in its first quarter amid lower unit sales of cars. The company also confirmed its fiscal 2024 outlook, expecting lower earnings and flat revenues.
RTTNews | vor 204 Tagen
Bay Street Likely To Open On Mixed Note; Earnings, Fed Meeting In Focus

Bay Street Likely To Open On Mixed Note; Earnings, Fed Meeting In Focus

Canadian shares look headed for a mixed start Tuesday morning with investors tracking commodity prices, and a slew of earnings updates from Canadian and U.S. companies. The focus will be on Federal Reserve's monetary policy meeting, which gets underway today.
RTTNews | vor 204 Tagen
Germany Skirts Recession In Q1

Germany Skirts Recession In Q1

The German economy avoided a recession in the first quarter on exports and investment in construction, preliminary data from Destatis showed on Tuesday. Gross domestic product grew a more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding three months.
RTTNews | vor 204 Tagen
Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

Macerich Q1 Loss Sharply Widens; Withdraws FY24 Outlook

REIT Macerich Co. (MAC) reported Tuesday that a net loss attributable to the company of $126.73 million or $0.59 per share, sharply wider than $58.73 million or $0.27 per share in the prior-year quarter.
RTTNews | vor 204 Tagen
Futures Pointing To Slightly Subdued Start On Wall Street

Futures Pointing To Slightly Subdued Start On Wall Street

Futures indicate a slightly weak start for U.S. stocks Tuesday morning. The focus will be on a slew of quarterly earnings updates, and the Federal Reserve's monetary policy meeting, which gets underway today.
RTTNews | vor 204 Tagen
American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook

American Tower Q1 Profit Nearly Triples; Boosts FY24 Outlook

American Tower (AMT) reported Tuesday that net income attributable to the company for the first quarter soared to $917.4 million or $1.96 per share from $335.8 million or $0.72 per share in the prior-year quarter.
RTTNews | vor 204 Tagen
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UK Mortgage Approvals At 18-Month High

UK Mortgage Approvals At 18-Month High

UK mortgage approvals increased to a one-and-a-half year high in March as the impact of higher interest rates waned, data published by the Bank of England showed on Tuesday. Net mortgage approvals for house purchases increased to 61,300 in March from 60,500 in February. This was the highest since September 2022 and also above the expected level of 61,000.
RTTNews | vor 204 Tagen
American Electric Power Reaffirms FY24 Outlook - Update

American Electric Power Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.
RTTNews | vor 204 Tagen
Eli Lilly Boosts FY24 Outlook - Update

Eli Lilly Boosts FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2024, primarily driven by the strong performance of Mounjaro and Zepbound and greater visibility into the company's production expansion for the remainder of the year.
RTTNews | vor 204 Tagen
Eaton Boosts FY24 Outlook - Update

Eaton Boosts FY24 Outlook - Update

While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.
RTTNews | vor 204 Tagen
Euro Rises On Strong Eurozone Economic Data

Euro Rises On Strong Eurozone Economic Data

The euro strengthened against other major currencies in the Asian session on Tuesday, after data showed that the euro area economy expanded in the first quarter after two consecutive declines and also the consumer prices registered a steady growth in April.
RTTNews | vor 204 Tagen

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