News
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Stocks
Ball shares rise after raising annual profit forecast
** Shares of aluminum can maker Ball Corp BALL.N up 4.2% at $53.94 premarket ** Co raises its annual profit forecast after upbeat Q1 results, helped by resilient demand and a tight leash on costs** Sees full-year comparable profit growth between 11% and 14%, vs previous forecast of more than 10% gro...Reuters
Tue, May 6
Other
Americold Realty Trust Inc expected to post earnings of 5 cents a share - Earnings Preview
Americold Realty Trust Inc COLD.N, COLD.K is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Atlanta Georgia-based company is expected to report a 0.2% increase in revenue to $666.462 million from $664.98 million a year ago, acco...Reuters
Tue, May 6
Economic Indicator
US trade deficit surges to record high in March
WASHINGTON, May 6 (Reuters) - The U.S. trade deficit widened to a record high in March as businesses boosted imports of goods ahead of tariffs, which dragged gross domestic product into negative terrain in the first quarter for the first time in three years.The trade gap jumped 14.0% to a record $14...Reuters
Tue, May 6
Other
Chimera Investment Corp expected to post earnings of 48 cents a share - Earnings Preview
Chimera Investment Corp CIM.N, CIM is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The New York City-based company is expected to report a 16.7% increase in revenue to $75.975 million from $65.11 million a year ago, according to t...Reuters
Tue, May 6
Forex
FOREX-Dollar under pressure as investors await US trade deals
Markets growing nervous about absence of trade deals Dollar falls 0.5% on yenEuro underperforms sterling, yen after German political problems Taiwan dollar steadies after surging at start of weekBy Rae Wee and Alun John SINGAPORE/LONDON, May 6 (Reuters) - The dollar struggled on Tuesday as invest...Reuters
Tue, May 6
Other
Canadian Tire Corporation Ltd expected to post earnings of C$1.26 a share - Earnings Preview
Canadian Tire Corporation Ltd CTCa.TO is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Toronto Ontario-based company is expected to report a 1.0% increase in revenue to C$3.561 billion from C$3.52 billion a year ago, according...Reuters
Tue, May 6
Other
TransDigm tops quarterly profit estimates on strong demand for aftermarket aero parts
May 6 (Reuters) - Aerospace supplier TransDigm Group TDG.N topped second-quarter profit expectations on Tuesday and maintained its full-year earnings forecast, betting on strong demand for aftermarket parts and services from planemakers and carriers. Delayed delivery of new planes has pushed airline...Reuters
Tue, May 6
Stocks
Global Payments rises after reporting higher Q1 adjusted profit
** Shares of payments technology firm Global Payments GPN.N up 1.7% at $80.60 in premarket trade ** GPN reports rise in Q1 adjusted profit bolstered by consistent revenue growth from its merchant solutions business** On an adjusted basis, Global Payments reported a 0.5% rise in its merchant solutio...Reuters
Tue, May 6
Other
Datadog lifts annual revenue forecast on AI-driven cloud security demand
May 6 (Reuters) - Cloud security firm Datadog DDOG.O raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads.The company has benefited significantly from the increased adoption of artificial intelligence tec...Reuters
Tue, May 6
Stocks
FARO Technologies soars on $920 million acquisition by AMETEK
** Shares of 3D measurement software maker FARO Technologies FARO.O jump 36% to $42.80 in premarket trading** FARO jumps on agreement with industrial tools maker AMETEK AME.N; AME to buy FARO for $44 per share in cash** Offer price represents a 40% premium to FARO's last closing level** Offer va...Reuters
Tue, May 6
Other
Akebia Therapeutics Inc expected to post a loss of 4 cents a share - Earnings Preview
Akebia Therapeutics Inc AKBA.OQ AKBA.O is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Cambridge Massachusetts-based company is expected to report a 37.6% increase in revenue to $44.883 million from $32.61 million a year ago, ...Reuters
Tue, May 6
Stocks
Baltic index falls on lower capesize, panamax rates
May 6 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, edged lower on Tuesday, pressured by lower rates across the capesize and panamax segments. * The main index .BADI, which monitors rates for capesize, p...Reuters
Tue, May 6
Stocks
Colliers International Group Inc reports results for the quarter ended March 31 - Earnings Summary
Colliers International Group Inc CIGI.TO reported quarterly adjusted earnings of 87 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of nine analysts for the quarter was for earnings of 86 cents...Reuters
Tue, May 6
Commodities
EU will not be pushed into unfair US tariffs deal, says trade chief
EU prepares countermeasures during Trump's 90-day tariff pauseU.S. tariffs cover 70% of EU goods, could rise to 97%EU prefers negotiated solution, but all options remain openEU says partners all phoning bloc to deepen trade ties BRUSSELS, May 6 (Reuters) - The European Union is under no press...Reuters
Tue, May 6
Other
MACOM Technology Solutions Holdings Inc expected to post earnings of 84 cents a share - Earnings Preview
MACOM Technology Solutions Holdings Inc MTSI.OQ MTSI.O is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Lowell Massachusetts-based company is expected to report a 26.6% increase in revenue to $229.512 million from $181.23 milli...Reuters
Tue, May 6
Other
Cenovus Energy Inc expected to post earnings of 37 cents a share - Earnings Preview
Cenovus Energy Inc CVE.TO is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Calgary Alberta-based company is expected to report a 3.9% increase in revenue to C$13.924 billion from C$13.4 billion a year ago, according to the est...Reuters
Tue, May 6
Stocks
WK Kellogg cuts annual sales, profit forecasts on softening packaged food demand
May 6 (Reuters) - WK Kellogg KLG.N cut its annual organic sales and core profit forecasts on Tuesday after weaker consumer spending on its higher-priced products including Frosted Flakes and Apple Jacks cereals. Shares of the Battle Creek, Michigan-based company fell nearly 3% in premarket tr...Reuters
Tue, May 6
Other
Townsquare Media Inc expected to post a loss of 4 cents a share - Earnings Preview
Townsquare Media Inc TSQ.N, TSQ is expected to show a fall in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Purchase New York-based company is expected to report a 0.7% decrease in revenue to $98.943 million from $99.63 million a year ago, according to t...Reuters
Tue, May 6
Stocks
Marriott rises marginally after Q1 earnings beat estimates
** Hotel operator Marriott International's MAR.O shares up 1% to $250 premarket ** Co posts Q1 profit of $2.32/share, above estimates of $2.25/share, according to data compiled by LSEG** MAR posts Q1 revenue of $6.26 bln, compared with analysts' average estimate of $6.17 bln** However,...Reuters
Tue, May 6
Commodities
Constellation Energy misses first-quarter profit estimates hit by higher operating costs
May 6 (Reuters) - U.S. utility Constellation Energy CEG.O missed Wall Street expectations for first-quarter profit on Tuesday, hurt by higher operating and interest expenses, sending its shares down nearly 5% in premarket trading.The company's net income fell around 87% from a year earlier to $1...Reuters
Tue, May 6
