J. M. Smucker Boosts FY24 Adj. EPS Outlook - Update

J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

Consumer goods company J. M. Smucker reported Monday that profit for the second quarter declined seven percent from last year, hurt by lower margins, despite high single digit sales growth. However, both adjusted earnings per share quarterly net sales topped analysts' estimates. The company also raised its financial guidance for the full-year 2023.

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U.S. Dollar Ticks Lower As Investors Monitor Developments In Middle East

The U.S. Dollar value posted incremental losses on Friday as markets focused on the U.S. call to Iran for discussions to avert a planned intense attack by the U.S. on Iran after November mid-term elections. Iran has not responded until now.

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TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply

Canadian stocks are down sharply on Friday amid renewed fears about inflation and interest rates following oil prices climbing higher amid supply concerns after a tanker attack in the Strait of Hormuz.

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Swiss Market Ends Modestly Higher

The Switzerland market's benchmark SMI ended modestly higher on Friday after holding firm throughout the trading session, outperforming most of its peers in Europe.

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Major European Markets End Mixed As Investors React To Earnings, Economic Data

The major European markets closed mixed on Friday even as most of the other markets across the continent ended notably lower, as investors reacted to a slew of corporate earnings announcements and the latest batch of regional economic data. Higher oil prices and weakness in the tech sector due to renewed uncertainty about returns on AI-related investments hurt sentiment.

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Chicago Business Barometer Pulls Back But Still Indicates Growth In October

Growth in Chicago-area business activity slowed moderately in the month of October, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer fell to 55.3 in October after spiking to 58.8 in September, although a reading above 50 still indicates growth. Economists had expected the business barometer to pull back to 56.0.

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Colgate-Palmolive Q3 Results Rise, Lifts FY26 Base Business EPS View; Stock Gains

Consumer products major Colgate-Palmolive Co., while reporting higher third-quarter results, on Friday confirmed fiscal 2026 outlook for earnings per share. Further, the firm raised guidance for Base Business earnings per share and gross profit margin, while narrowing sales growth view. In pre-market activity on the NYSE, the shares were gaining around 3.34 percent

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Bay Street Likely To Open Notably Lower

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