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Target tops first-quarter expectations and lifts annual sales outlook (TGT)
Target Corporation (NYSE:TGT) shares rose around 1.4% in premarket trading on Wednesday after the retailer posted first-quarter results that came in ahead of Wall Street forecasts. The company reported earnings per share of $1.71, outperforming analyst expectations of $1.46, while revenue reached $25.44 billion, above consensus estimates of $24.66 billion. Sales growth strengthens across stores…
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Super Hi posts double-digit revenue growth as first-quarter sales top expectations
Super Hi International Holding Ltd. (NASDAQ:HDL) reported first-quarter financial results on Wednesday that came in ahead of expectations, with revenue increasing 14.2% year over year to $225.9 million from $197.8 million in the same period last year. The company’s shares were unchanged in after-hours trading following the earnings release. Operating profit jumps as restaurant efficiency…
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Lowe’s shares decline despite first-quarter earnings beat (LOW)
Lowe’s Companies, Inc. (NYSE:LOW) reported first-quarter results that came in ahead of analyst expectations, although the company’s shares fell 2.9% after investors reacted negatively to its full-year outlook. The home improvement retailer posted adjusted diluted earnings per share of $3.03 for the quarter ended May 1, topping Wall Street forecasts of $2.97 per share. Revenue…
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V.F. Corp shares rally after earnings beat and full-year outlook returns (VFC)
VF Corporation (NYSE:VFC) shares climbed more than 10% in premarket trading on Wednesday after the owner of Vans and The North Face reported fourth-quarter results that exceeded expectations and reinstated its annual financial guidance, reflecting increasing confidence in the company’s turnaround efforts. The apparel group posted adjusted earnings per share of $0.06, outperforming analyst forecasts…
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Dorian LPG shares jump after fourth-quarter earnings top forecasts (LPG)
Dorian LPG Ltd. (NYSE:LPG) reported fourth-quarter results on Wednesday that came in ahead of Wall Street expectations, sending the company’s shares up 12% in premarket trading. The liquefied petroleum gas shipping operator benefited from stronger freight market conditions linked to supply disruptions in the Middle East. Revenue more than doubles as freight rates surge Dorian…
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Belite Bio shares rise after first-quarter earnings outperform expectations (BLTE)
Belite Bio, Inc. (NASDAQ:BLTE) reported first-quarter results on Wednesday that came in ahead of analyst forecasts, with the clinical-stage biotech group posting an adjusted loss per share of -$0.34 versus consensus expectations of -$0.64. Shares of the company gained 2.49% in premarket trading following the earnings announcement. Losses widen as research and commercialization spending increases…
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Ferrari Group shares jump after Q1 organic revenue growth beats expectations (RACE)
Ferrari N.V. (NYSE:RACE) shares climbed more than 9% on Tuesday after the company reported first-quarter revenue of €90 million, supported by organic growth of 7.4% compared with the same period last year. The group said performance was driven by strong contributions from subsidiaries in Brazil, the United States and the United Arab Emirates, while Asian…
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Micron and SanDisk shares rise as Samsung workers prepare strike action
Shares in Micron Technology, Inc. (NASDAQ:MU) climbed 3.9% in premarket trading on Thursday, while SanDisk Corporation (NASDAQ:SNDK) advanced 2.2%, as investors evaluated the potential impact of an upcoming strike involving workers at Samsung Electronics Co., Ltd. (KS:005930). Samsung’s South Korean labour union plans for around 48,000 employees to walk off the job on Thursday after…
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Google expands AI push at I/O with enterprise-focused Gemini upgrades and smarter search tools
Alphabet Inc.’s Google (NASDAQ:GOOG) on Tuesday introduced a range of new artificial intelligence tools at its annual I/O developer conference, including AI agents integrated directly into Search and a faster, lower-cost Gemini model aimed at enterprise customers. The announcements come as Google intensifies competition with rivals including Anthropic and OpenAI in the race to attract…
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Meta proposes limited free WhatsApp access for rival AI chatbots in Europe (META)
Meta Platforms, Inc. (NASDAQ:META) has proposed granting competing artificial intelligence chatbots, including those developed by OpenAI, limited free access to WhatsApp in Europe before introducing charges once usage thresholds are exceeded, according to two people familiar with the matter. The previously undisclosed proposal comes as Meta attempts to ease mounting pressure from European Union regulators,…