Buffett Favorite Heico Stock Sinks as Electronic Technologies Sales Slip
Heico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.
Heico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.
General Mills shares moved lower Wednesday morning as the company's lowered fiscal 2025 profit outlook offset second-quarter results that beat analysts' estimates.
Electronic Arts, Rivian downgraded: Wall Street's top analyst calls
President Joe Biden this week announced an endorsement of a stock-trading ban for US lawmakers, making a last-minute entry into an issue that has bedeviled Capitol Hill for years.
Micron Technology, Inc. (NASDAQ:MU) will release earnings for its first quarter, after the closing bell on Wednesday, Dec. 18. Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.77 per share, versus a year-ago loss of 95 cents per share. Micron projects to report quarterly revenue of $8.71 billion, compared to $4.73 billion a year earlier, according to data from Benzinga Pro. The company has beaten analyst revenue estimates in six straight quarters and seven of the
While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added.
The Dow enters trading Wednesday on a nine-day losing streak, the longest stretch of consecutive daily declines for the blue chip index since 1978. Monitor these key levels.
Birkenstock Holdings posted better fourth-quarter earnings Wednesday than analysts had expected and said it expects margins will improve in fiscal 2025.
General Mills, Inc. (NYSE:GIS) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion. Quarterly sales were up 2%, driven by higher pound volume, while organic net sales increased 1%. Gross margin was up 250 basis points to 36.9%, driven primarily by Holistic Margin Management cost savings and fa
Nissan Motor (NSANY) stock is booming as the automaker reportedly prepares to explore a merger with Honda Motor (HMC), which would tie up Japan’s second and third-largest automakers.