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Rockwool plunges on outlook cut amid near-term hurdles
** Shares in Rockwool ROCKb.CO are down 15% after the Danish mineral wool maker lowered its full year guidance as it expects challenges in key markets** It now forecasts its revenue in 2025 to be in line with last year's results, against single-digit growth it expected earlier** It also estimate...Reuters
5 minutes ago
TJX raises annual profit forecast on strong demand for off-price goods
By Neil J Kanatt Aug 20 (Reuters) - TJX Cos TJX.N raised its annual profit forecast on Wednesday, betting on resilient demand for apparel and home furnishing at its off-price retail stores, sending its shares about 6% higher.The company also beat estimates for second-quarter sales and profit as b...Reuters
7 minutes ago
Guess to go private in $1.4 billion deal with Authentic Brands, co-founders and CEO
Aug 20 (Reuters) - Guess GES.N said on Wednesday it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic Brands, in a deal valuing the designer apparel brand at $1.4 billion, including debt.As part of the transaction, co-founders Maurice Marciano and P...Reuters
8 minutes ago
National Energy Services up 8% as Q2 results beat estimates
** National Energy Services Reunited Corp's NESR.O shares rise about 8.23%% to $7.89** Co posts Q2 earnings per share of $0.21, beating estimates of $0.18, according to data compiled by LSEG ** NESR says net income driven by better utilization of existing equipment and personnel, among other c...Reuters
9 minutes ago
Baltic index extends decline on lower rates for capesize vessels
Aug 20 (Reuters) - The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Wednesday due to weaker capesize rates. * The main index .BADI, which tracks rates for capesize, panamax and supramax shipping vess...Reuters
9 minutes ago
CANADA STOCKS-TSX opens flat, investors focus on Jackson Hole conference
Aug 20 (Reuters) - Canada's main index opened flat on Wednesday, as investors looked ahead to the U.S. Federal Reserve's annual symposium later this week for insights into the monetary policy outlook.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GS...Reuters
11 minutes ago
US STOCKS SNAPSHOT-Wall St subdued at open on mixed retail earnings ahead of Fed meet
Aug 20 (Reuters) - Wall Street's main indexes were subdued at the open on Wednesday as investors assessed uneven earnings from retailers such as Target and Lowe's for clues on consumer spending ahead of a Federal Reserve symposium later this week.The Dow Jones Industrial Average .DJI fell 0....Reuters
11 minutes ago
Dycom Industries Inc reports results for the quarter ended July 31 - Earnings Summary
Dycom Industries Inc DY.N reported quarterly adjusted earnings of $3.33 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $2.46. The mean expectation of nine analysts for the quarter was for earnings of $2.90 per share. Wall Street e...Reuters
12 minutes ago
Target Corp reports results for the quarter ended July 31 - Earnings Summary
Target Corp TGT.N reported quarterly adjusted earnings of $2.05 per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of $2.57. The mean expectation of twenty nine analysts for the quarter was for earnings of $2.03 per share. Wall Street exp...Reuters
12 minutes ago
National Energy Services Reunited Corp reports results for the quarter ended June 30 - Earnings Summary
National Energy Services Reunited Corp NESR.OQ reported quarterly adjusted earnings of 21 cents per share for the quarter ended June 30. The mean expectation of five analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 18 cents to 19 cents pe...Reuters
12 minutes ago
TJX Companies Inc reports results for the quarter ended July 31 - Earnings Summary
TJX Companies Inc TJX.N reported quarterly adjusted earnings of $1.10 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of sixteen analysts for the quarter was for earnings of $1.01 per share. Wall Stre...Reuters
12 minutes ago
Estee Lauder forecasts profit below estimates, warns of $100 million tariff hit
Aug 20 (Reuters) - Estee Lauder EL.N forecast annual profit below Wall Street estimates on Wednesday and warned of a $100 million tariff-hit in fiscal 2026, sending the cosmetic giant's shares down about 4% in early trading.The Trump administration's unpredictable trade policies have put a s...Reuters
12 minutes ago
Lowe's Companies Inc reports results for the quarter ended July 31 - Earnings Summary
Lowe's Companies Inc LOW.N reported quarterly adjusted earnings of $4.33 per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $4.10. The mean expectation of twenty nine analysts for the quarter was for earnings of $4.24 per share. W...Reuters
12 minutes ago
Stocks Are Little Changed as Investors Weigh Retail Earnings, Await Fed Minutes
Stocks were little changed Wednesday as investors weighed a mixed batch of retail earnings and looked ahead to the Federal Reserve’s latest meeting minutes release.Target shares dropped more than 9% after the retailer reported another decline in sales. The company also announced a new CEO who will s...Tiger News
12 minutes ago
Estee Lauder Companies Inc reports results for the quarter ended June 30 - Earnings Summary
Estee Lauder Companies Inc EL.N reported quarterly adjusted earnings of 9 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 9 cents per shar...Reuters
12 minutes ago
Target stock slumps after retailer names insider Fiddelke to CEO role
COO Michael Fiddelke to succeed long-time CEO Brian CornellTarget's Q2 net sales hit $25.2 billion, keeps annual forecasts intactStock has slumped amid sales struggles, DEI policy backlashFiddelke aims to improve merchandise quality, shopper experience, tech integrationBy Siddharth Cavale and Ju...Reuters
13 minutes ago
Snowflake climbs after BofA turns bullish ahead of earnings
** Snowflake's SNOW.N shares up 2.5% premarket to $197.50 after BofA Global Research upgrades cloud firm to 'buy' from 'neutral'** Brokerage hikes PT by $20 to $240, implying ~25% upside to stock's last close** BofA says it believes Q2 earnings, due in a week, will be a catal...Reuters
15 minutes ago
Brazil's Nu earns flurry of analyst upgrades after strong results
SAO PAULO, Aug 20 (Reuters) - A series of sell-side analysts have upgraded their recommendation on Nu Holdings NU.N in recent days, helping drive its shares higher after the company behind Brazilian digital lender Nubank reported strong second-quarter results. WHY IT'S IMPORTANTNubank is one...Reuters
15 minutes ago
US STOCKS-Wall St set for subdued open on mixed retail earnings ahead of Fed meet
Futures off: Dow 0.02%, S&P 500 0.09%, Nasdaq 0.19%Target down after reaffirming annual forecast Lowe's up on $8.8 bln deal to buy Foundation Building Materials, upbeat forecastEstee Lauder down after forecasting annual profit below estimatesBy Johann M Cherian and Sanchayaita Roy Aug 20...Reuters
23 minutes ago
Hertz ties up with Amazon Autos to sell used vehicles online
Aug 20 (Reuters) - Hertz Global Holdings HTZ.O said on Wednesday its car sales unit was partnering with Amazon.com's AMZN.O automotive retail platform, Amazon Autos, to sell pre-owned vehicles, sending the car rental company's shares up 9% in premarket trading. Shares of used-car retailer...Reuters
25 minutes ago
