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Eastman Chemical sees annual profit below Street estimates amid tariff woes
Nov 3 (Reuters) - Eastman Chemical EMN.N forecast annual profit below analysts' estimate on Monday, signaling cautious consumer spending amid tariff-related uncertainties, sending its shares down more than 3% in extended trading.U.S. President Donald Trump's tariffs on most imports have pose...Reuters
10 minutes ago
Palantir forecasts fourth-quarter revenue above estimates on solid AI demand
Palantir raises annual revenue forecast for the third time this yearQ3 sales and profit beat estimatesForecast for slight revenue growth slowdown in Q4 concerning, but results sufficient to maintain valuation- analysts By Arsheeya Bajwa Nov 3 (Reuters) - Palantir Technologies PLTR.O forecast four...Reuters
10 minutes ago
Brokerages note Westpac's balance sheet strength, but all eyes on UNITE execution risks
Brokerages note Westpac's WBC.AX strong capital position, and improved credit quality, but flag execution risks around co's UNITE technology projectAustralia's third-largest lender by market capitalisation posted a FY net profit after tax of A$6.99 billion ($4.54 billion) on Monday, abov...Reuters
11 minutes ago
Coterra Energy dips on downbeat third-quarter profit miss
Shares of oil and gas company Coterra Energy CTRA.N down 2.3% at $23.82 in extended tradingCoterra's third-quarter profit misses estimates as lower oil prices offset a jump in productionPosts Q3 adj profit 41 cents per share vs estimate of 44 cents per share, according to data compiled by LSEGHo...Reuters
29 minutes ago
CANADA STOCKS-TSX gains as Magna jumps to 19-month high
TSX ends up 0.1% at 30,275.06Consumer discretionary rises 1.1%Magna climbs to highest since April 2024Financials add 0.6%By Fergal Smith Nov 3 (Reuters) - Canada's main stock index ended higher on Monday, led by consumer discretionary shares, but gains were limited as investors awaited cleare...Reuters
36 minutes ago
Starbucks gains as it agrees to sell China operations in $4 billion deal
Shares of cafe chain Starbucks SBUX.O up 2.5% at $82.98 in extended tradingSBUX says it has agreed to sell control of China operations to Boyu Capital in deal valued at $4 blnStarbucks says it will hold a 40% stake in the China joint ventureThe companies say Starbucks will continue to own and licens...Reuters
45 minutes ago
IAC misses quarterly revenue estimates on continued decline in search unit
Nov 3 (Reuters) - IAC IAC.O missed Wall Street expectations for quarterly revenue on Monday, as fewer visitors reached its ad-supported search and content websites amid the rise of AI-generated summaries, sending its shares down 10% in trading after the bell.The media and internet firm's search ...Reuters
50 minutes ago
Sarepta's shares plunge after trial for muscle-wasting disease drugs miss key goal
Nov 3 (Reuters) - Sarepta SRPT.O said on Monday that its late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal, sending its shares plummeting over 27% in extended trading. The study took nine years to complete and enrolled 225 patients aged 6...Reuters
53 minutes ago
TRADING DAY-Economic reality damps AI, deals optimism
By Jamie McGeever ORLANDO, Florida, Nov 3 (Reuters) - Wall Street was mixed on Monday, with bumper corporate dealmaking activity and another mega AI-related tie-up offset by murky signals around the path for U.S. growth and interest rates, while the dollar crept up to a fresh three-month high. I...Reuters
58 minutes ago
Hims and Hers beats revenue estimates on strong subscriber growth
By Kamal Choudhury and Amina NiasseNov 3 (Reuters) - Hims and Hers Health HIMS.N beat Wall Street estimates for third-quarter revenue on Monday, as the telehealth company added subscribers and expanded its personalized healthcare offerings.The company and rivals have launched programs that offer &#...Reuters
an hour ago
Coterra Energy misses quarterly profit, raises 2025 production forecast
Nov 3 (Reuters) - Oil and gas firm Coterra Energy CTRA.N missed Wall Street estimates for third-quarter profit on Monday, as lower oil prices offset a jump in production, but raised its annual production forecast.Shares of the company were down 3% at $23.66 in after-market trading.U.S. President Don...Reuters
an hour ago
Sarepta shares dive as gene therapy misses late-stage main goal
Shares in Sarepta Therapeutics SRPT.O slump nearly 21% to $5.1 in extended tradingA late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet main goal Trial ran for nine years and was affected by the COVID-19 pandemic, which SRPT said impacted resultsUp to la...Reuters
an hour ago
Clorox rises after quarterly results beat estimates
Shares of bleach maker Clorox CLX.N up about 3% at $112.65Co beats first quarter sales and profit estimates driven by resilient demand for its cleaning productsCLX posts earnings per share of 85 cents, beating estimates of 79 cents a piece- data compiled by LSEGCo posts 19% decline in Q3 revenue at ...Reuters
an hour ago
Hims and Hers up after beating quarterly revenue estimates
Shares of telehealth firm Hims and Hers Health HIMS.N rise 5.5% to $46.85 after the bellReports Q3 revenue of $600 million, exceeding analysts' estimates of $580.2 million, according to LSEG dataHIMS' subscriber base increases to 2.47 million in Q3, up 21% from a year agoStock has risen over...Reuters
an hour ago
US STOCKS-S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
Indexes: Dow down 0.48%, S&P 500 up 0.17%, Nasdaq up 0.46%Kimberly-Clark to acquire Kenvue for more than $40 billionUS manufacturing activity contracts in OctoberFed officials offer conflicting viewpoints regarding a December rate cutBy Stephen Culp NEW YORK, Nov 3 (Reuters) - The S&P 500...Reuters
2 hours ago
Kimberly-Clark’s $50 billion leap into health and beauty tests investor faith
Kimberly-Clark's shares drop 14.6% amid investor skepticismExecs see billions in cost savings, opportunities for growth in new linesAnalysts question strategic fit and cost savings By Jessica DiNapoli and Abigail Summerville NEW YORK, Nov 3 (Reuters) - Kimberly-Clark's KMB.O nearly $50 bi...Reuters
2 hours ago
Clorox beats sales, profit estimates on steady demand for cleaning products
Nov 3 (Reuters) - Clorox CLX.N beat market expectations for first-quarter sales and profit on Monday, helped by strong demand for its cleaning products.Shares in the firm were up over 3% after the bell. The Pine-Sol parent posted an adjusted profit of 85 cents per share, compared with estimates of 7...Reuters
2 hours ago
LIVE MARKETS-Stocks end mixed as AI names keep Nasdaq, S&P afloat
US equity indexes mixed, Nasdaq up 0.5%, Dow dipsCons disc leads S&P 500 sector gains, materials weakestDollar, gold, crude inch up; bitcoin down >3%US 10-Year Treasury yield edges up to 4.10%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sh...Reuters
2 hours ago
IAC down after missing quarterly revenue estimates
Shares of media and internet company IAC IAC.O fall 13.7% to $28.10 after the bellIAC reports Q3 revenue $589.8 million, down 8%, below estimates of $601.6 million, according to data compiled by LSEGCompany's search unit reports a 41% decline in third-quarter revenueIAC now sees annual adj. EBIT...Reuters
2 hours ago
Palantir gains on upbeat sales forecast
Shares of Palantir Technologies PLTR.O up 3.8% at $214.97 in extended tradingPLTR expects Q4 sales between $1.327 bln and $1.331 bln, compared with analysts' estimate of $1.19 bln - data compiled by LSEGCompany lifts 2025 sales forecast to a range of $4.396 bln to $4.40 bln, from its earlier exp...Reuters
2 hours ago
