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U.S. Manufacturing Index Indicates Modest Growth In October
A report released by the Institute for Supply Management on Tuesday showed a slight increase in U.S. manufacturing activity in the month of October. The ISM said its manufacturing PMI edged down to 50.2 in October from 50.9 in September, but a reading above 50 still indicates growth in the sector. Economists had expected the index to dip to 50.0.
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1410 days ago
Myriad Genetics Slashes FY22 Outlook As Q3 Results Miss Estimates; Stock Down 8%
While reporting financial results for the third quarter on Tuesday, genetic testing firm Myriad Genetics, Inc. (MYGN) slashed its earnings and adjusted earnings and revenue guidance for the full year 2022 to reflect third quarter business updates.
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1410 days ago
UPS Intends To Hire At Least 60K For Holiday Season In One Weekend
UPS (UPS) said Tuesday it plans to hire at least 60,000 of the 100,000+ seasonal employees it needs for the holiday season in one weekend. UPS Brown Friday begins Nov. 4, with more than 450 in-person and virtual events scheduled across the country.
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1410 days ago
Zebra Technologies Guides Q4 Well Below View As Q3 Results Miss Estimates
While reporting financial results for the third quarter on Tuesday, Zebra Technologies Corp. (ZBRA) provided its adjusted earnings and adjusted net sales growth guidance for the fourth quarter, well below analysts' estimates.
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1410 days ago
Sysco Q1 Adj. EPS Miss Estimates, But Sales Top; Reaffirms FY22 Outlook
Sysco Corp. (SYY) reported Tuesday net earnings for the first quarter that increased to $465.57 million or $0.91 per share from $378.01 million or $0.73 per share in the prior-year quarter.
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1410 days ago
Blucora Q3 Adj. Loss Miss Estimates; Narrows FY22 Outlook Range
Financial technology company Blucora, Inc. (BCOR) reported Tuesday a net loss for the third quarter that narrowed to $21.84 million or $0.46 per share from $27.80 million or $0.57 per share in the prior-year quarter.
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1410 days ago
Bay Street Set To Open On Positive Note
Canadian shares are set to open on a positive note on Tuesday, tracking gains in European markets and firm commodity prices.
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1410 days ago
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Pfizer Boosts FY22 Outlook As Q3 Results Top Estimates
Pfizer Inc. reported a profit for the third quarter that increased six percent from last year, reflecting higher benefit from tax resolutions for multiple years, despite a 6 percent decline in revenues. Both adjusted earnings and quarterly revenues topped analysts' expectations. The company also raised its adjusted earnings and revenue guidance for the full-year 2022.
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1410 days ago
UK Nationwide House Price Index Falls First Time Since Mid-2021
UK house prices fell for the first time in 15 months in October after the turmoil caused by the mini-budget announcement hurt the sentiment in the property market as rising borrowing cost worsen the stretched housing affordability, the Nationwide Building Society said Tuesday.
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1410 days ago
RBA Hikes Key Rate By 25 Bps; Rates To Rise Further
Australia's central bank raised its benchmark interest rate on Tuesday, for a second consecutive meeting and repeated the guidance that rates will be lifted further based on incoming data. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.85 percent, the highest since 2013.
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1410 days ago
Sensex, Nifty Gain Ahead Of Fed Meeting
Indian shares ended notably higher on Tuesday, bond yields dipped, and the U.S. dollar weakened in international markets as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.
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1410 days ago
BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast
British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Underlying RC profit beat market estimates. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results.
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1410 days ago
European Shares Rally As Investors Look To Fed, BoE Meetings
European stocks were sharply higher on Tuesday as markets held out hopes for a slowdown in some central banks' rate hikes.
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1410 days ago
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