Category: Latest News
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U.S. Housing Starts Surge in March While Building Permits Fall Sharply
A report published Wednesday by the U.S. Department of Commerce revealed a strong rebound in U.S. residential construction activity in March, even as forward-looking indicators weakened significantly. Housing starts jumped 10.8% to a seasonally adjusted annual rate of 1.502 million units, up from 1.356 million in February. This figure came in well above economists’ expectations…
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Fed Decision Looms, Tech Earnings Could Drive Volatile Session: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are pointing to a largely flat open on Wednesday, suggesting markets may struggle to find direction following the previous session’s pullback. Investors appear cautious ahead of the Federal Reserve’s latest policy decision due later in the day. According to CME Group’s FedWatch Tool, markets are pricing in a 100% probability that…
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GE HealthCare Shares Fall After Earnings Miss and Lowered Outlook
GE HealthCare Technologies Inc. (NASDAQ:GEHC) reported first-quarter results that came in below analyst expectations and reduced its full-year profit guidance, sending shares down 6% in premarket trading. Adjusted earnings per share were $0.99, missing the consensus estimate of $1.05 by $0.06. Revenue rose 7.4% year over year to $5.1 billion, slightly above the $5.03 billion…
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Clarivate Shares Jump 7% After Earnings Beat and Outlook Reaffirmed
Clarivate Plc (NYSE:CLVT) reported first-quarter results on Wednesday that exceeded analyst expectations, with both earnings and revenue coming in ahead of forecasts as its Value Creation Plan begins to show results. Shares rose 7.57% in premarket trading, reflecting investor confidence in the company’s execution and improving financial discipline. Adjusted earnings per share were $0.18, beating…
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Avantor Shares Jump 9% After Q1 Earnings Beat
Avantor Inc. (NYSE:AVTR) reported first-quarter results on Wednesday that came in ahead of analyst expectations, sending its shares up 9.54% in premarket trading. The company posted adjusted earnings per share of $0.17, slightly above the consensus estimate of $0.16. Revenue totaled $1.58 billion, beating forecasts of $1.54 billion. Despite the beat, revenue was flat compared…
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Regeneron Tops Q1 Estimates on Dupixent Momentum
Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) reported first-quarter results that exceeded expectations, supported by strong growth from its collaboration with Sanofi on Dupixent. Adjusted earnings per share came in at $9.47, ahead of the analyst consensus of $8.97 by $0.50. Revenue reached $3.6 billion, up 19% year over year from $3.0 billion and above the $3.48 billion…
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Delek Logistics Misses Earnings Expectations Despite Revenue Growth
Delek Logistics Partners LP (NYSE:DKL) reported first-quarter results on Wednesday that fell short of profit forecasts, although revenue came in ahead of expectations. Shares were little changed, edging up 0.02% in after-hours trading following the release. The company posted adjusted earnings per unit of $0.60, below the analyst consensus of $0.78. Revenue totaled $297.46 million,…
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Parsons Tops Profit Estimates Despite Revenue Dip, Shares Gain 3%
Parsons Corporation (NYSE:PSN) reported first-quarter results on Wednesday that exceeded profit expectations, even as revenue declined. Shares rose 3.2% in premarket trading, with investors focusing on record margins and a strong backlog. Adjusted earnings per share came in at $0.79, beating the analyst consensus of $0.69 by $0.10. Revenue totaled $1.5 billion, in line with…
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Evercore Shares Rise 4% on Record Revenue and Strong Earnings Beat
Evercore Inc. (NYSE:EVR) reported record first-quarter results on Wednesday, with earnings and revenue significantly exceeding analyst expectations. Adjusted earnings per share came in at $7.53, well above the consensus estimate of $5.18, representing a $2.35 beat. Shares rose 4.07% in premarket trading following the release, reflecting a positive market response. Revenue reached $1.4 billion, surpassing…
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Scotts Miracle-Gro Shares Rise 3% on Earnings Beat and Margin Expansion
The Scotts Miracle-Gro Company (NYSE:SMG) reported second-quarter results on Wednesday that came in ahead of analyst expectations, supported by revenue growth and improved margins. Shares gained 3.18% in premarket trading following the announcement. The company posted adjusted earnings per share of $4.53 for the quarter ended March 28, beating the consensus estimate of $3.86 by…