Category: Latest News
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Burlington Stores shares fall despite strong Q2 earnings growth
Burlington Stores Inc. (NYSE:BURL) shares declined 2.88% on Thursday after the off-price retailer reported second-quarter revenue slightly below Wall Street expectations, despite delivering adjusted earnings comfortably ahead of forecasts. Adjusted earnings per share reached $2.37, exceeding the analyst consensus of $2.17. Revenue came in at approximately $3 billion, narrowly below expectations of $3.02 billion. Total…
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TD Bank shares gain as third-quarter earnings and revenue increase
Toronto Dominion Bank (NYSE:TD) shares moved higher in U.S. pre-market trading after the lender reported increased adjusted earnings and revenue for its fiscal third quarter, supported by growth across its Canadian, U.S., wealth management and wholesale banking operations. Adjusted diluted earnings per share rose to C$2.77 from C$2.20 in the same period last year, while…
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Sportradar shares gain after expanding Polymarket partnership
Sportradar Group AG (NASDAQ:SRAD) shares gained 6% on Thursday after the company announced a significant expansion of its partnership with Polymarket, extending the relationship to cover more than 20 sports leagues and competitions worldwide. The expanded agreement adds a range of major sporting properties, including the Bundesliga, Euroleague Basketball, the Chinese Basketball Association, the National…
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U.S. stocks set for positive open as Nvidia earnings lift tech sentiment: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a stronger opening on Thursday, with technology shares leading early gains after Nvidia (NASDAQ:NVDA) delivered better-than-expected quarterly results and an encouraging revenue outlook. Nasdaq 100 futures climbed around 1%, signalling renewed appetite for technology stocks after the major averages finished the previous session modestly lower. Nvidia shares surged 6.5% in…
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US jobless claims fall below forecasts as labour market stays resilient
Initial jobless claims in the United States declined in the latest weekly reading, coming in below economists’ expectations and providing another encouraging signal about the resilience of the labour market. New applications for unemployment benefits totalled 203,000, below the forecast of 208,000 and down from 207,000 in the previous week. The figures indicate that layoffs…
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US wholesale inventories climb more than expected
U.S. wholesale inventories rose considerably more than expected in the latest reading, drawing attention from investors and economists assessing the strength of demand and the broader outlook for the economy. Wholesale inventories increased 1.3%, well above the 0.2% rise economists had forecast. The result also marked a sharp acceleration from the previous reading of 0.2%,…
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Dollar Tree shares slip despite strong Q2 earnings beat
Dollar Tree Inc. (NASDAQ:DLTR) shares fell around 3% in pre-market trading despite the discount retailer delivering second-quarter earnings and revenue above Wall Street expectations, as investors focused on a softer-than-anticipated outlook for the third quarter. Adjusted earnings per share reached $2.70, substantially ahead of the analyst consensus of $1.11. Revenue increased 7.0% year over year…
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Hormel Foods tops earnings expectations and raises profit outlook
Hormel Foods Corporation (NYSE:HRL) delivered better-than-expected third-quarter earnings on Thursday and raised its full-year adjusted profit guidance, although revenue came in below Wall Street forecasts. Shares of the global branded food company slipped 1.98% in pre-market trading following the release. Hormel reported adjusted earnings per share of $0.37, exceeding the analyst consensus of $0.35 by…
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GE Vernova secures 400 kV substation contract for UK grid upgrade
GE Vernova (NYSE:GEV) has been chosen by Laing O’Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation in Chesterfield, England, supporting a major programme to strengthen the UK’s electricity transmission infrastructure. The project forms part of National Grid’s Brinsworth to Chesterfield and Chesterfield to High Marnham developments, which sit within the wider Great…
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Nebius Group stock surges as funding concerns ease
Nebius Group (NASDAQ:NBIS) shares jumped 7.1% in pre-market trading, staging a strong recovery following six consecutive sessions of declines that had wiped roughly 24% from the stock’s value. Investors had been concerned about the scale of the company’s debt financing, but the successful completion of an upsized convertible notes offering has helped turn sentiment more…