Category: Latest News
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J.M. Smucker shares climb as earnings beat outweighs trimmed sales outlook
The J.M. Smucker Co. (NYSE:SJM) reported stronger-than-expected third-quarter earnings, helping lift its shares despite a slight reduction to full-year sales guidance following a recent manufacturing facility fire. The packaged food and beverage company posted adjusted earnings per share of $2.38 for the quarter ended January 31, surpassing analyst forecasts of $2.26. Revenue totaled $2.3 billion,…
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PENN Entertainment tops profit forecasts as investors look past revenue shortfall
PENN Entertainment Inc. (NASDAQ:PENN) reported fourth-quarter results on Thursday that beat earnings expectations despite revenue coming in slightly below forecasts, sending shares higher in premarket trading. The gaming and entertainment company posted adjusted earnings per share of $0.07, outperforming analyst estimates that had called for a loss of $0.07 per share. Revenue totaled $1.81 billion,…
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Warner Bros. Discovery beats earnings forecasts as takeover contest intensifies
Warner Bros. Discovery (NASDAQ:WBD) reported fourth-quarter earnings that exceeded expectations, with the media group saying it is “well positioned” for long-term growth as it weighs competing takeover approaches from Paramount Skydance and Netflix. The company confirmed Thursday that its merger agreement with Netflix remains active, but added that its board believes an enhanced proposal from…
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U.S. Jobless Claims Edge Higher but Remain Below Expectations
New filings for U.S. unemployment benefits rose slightly last week, according to data released Thursday by the Labor Department, pointing to continued resilience in the labor market. Initial jobless claims totaled 212,000 for the week ended February 21, increasing by 4,000 from the prior week’s revised figure of 208,000. The reading came in below economists’…
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Mixed earnings signals point to uneven start for Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures indicated a largely flat opening on Thursday, suggesting markets may struggle to find clear direction after two consecutive sessions of strong gains. Investor sentiment appeared divided following earnings updates from Dow components Nvidia (NASDAQ:NVDA) and Salesforce (NYSE:CRM), setting the stage for potentially volatile and uneven trading. Nvidia shares climbed about 1.0%…
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Krispy Kreme jumps nearly 15% after earnings beat signals turnaround momentum
Krispy Kreme, Inc. (NASDAQ:DNUT) shares climbed sharply in premarket trading Thursday after the doughnut maker delivered stronger-than-expected fourth-quarter results and pointed to continued progress in its business turnaround strategy. The stock rose 14.72% before the opening bell as investors reacted positively to improved profitability and balance sheet strengthening despite a modest decline in revenue. Earnings…
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Hormel warns turkey business divestment will trim annual sales but have limited earnings impact
Hormel Foods Corp. (NYSE:HRL) said the planned sale of its whole-bird turkey business is expected to reduce annual net sales by roughly $50 million, though the company anticipates only a minimal effect on overall earnings. The food producer recently reached an agreement to sell the unit to Minnesota-based Life-Science Innovations, but financial terms of the…
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Eli Lilly’s oral drug orforglipron shows stronger results than oral semaglutide in diabetes study
Eli Lilly and Company (NYSE:LLY) said its experimental oral diabetes treatment orforglipron delivered superior blood sugar reduction and weight-loss outcomes compared with oral semaglutide in a head-to-head clinical study published in The Lancet. The findings come from the 52-week ACHIEVE-3 trial, which enrolled 1,698 patients with type 2 diabetes and compared multiple dosing regimens of…
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Donaldson shares slide after earnings miss and weaker profit outlook
Donaldson Company (NYSE:DCI) shares fell more than 4% in premarket trading Thursday after the filtration products manufacturer reported quarterly results that missed analyst expectations and lowered parts of its fiscal 2026 outlook. The stock declined 4.39% ahead of the U.S. market open following the earnings release. The company posted adjusted earnings per share of $0.83…
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Privia Health tops forecasts on strong fourth-quarter earnings and revenue growth
Privia Health Group, Inc. (NASDAQ:PRVA) reported fourth-quarter results that surpassed Wall Street expectations on Thursday, driven by continued expansion in its physician network and strong operating performance, although the company’s shares edged slightly lower in premarket trading. The stock slipped 0.18% ahead of the market open following the announcement. The healthcare services company posted adjusted…