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U.S. initial jobless claims remain below expectations despite slight increase
The latest U.S. labour market data showed a modest rise in initial jobless claims, although the number of new unemployment benefit applications remained below economists’ forecasts, pointing to continued resilience in employment conditions. For the latest reporting week, initial jobless claims totaled 199,000, compared with 198,000 in the previous week. Economists had expected claims to…
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Restaurant Brands tops second-quarter earnings forecasts as Burger King drives growth
Restaurant Brands International Inc. (NYSE:QSR) reported second-quarter results ahead of Wall Street earnings expectations on Thursday, with strong performance from Burger King helping to accelerate comparable sales growth despite mixed results across its other brands. Adjusted earnings came in at $1.07 per share, beating analysts’ consensus estimate of $1.04. Revenue totaled $2.52 billion, in line…
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Peloton shares fall as weaker 2027 guidance overshadows fourth-quarter earnings beat
Peloton (NASDAQ:PTON) shares dropped more than 15% in premarket trading on Thursday after the connected fitness company issued fiscal 2027 revenue guidance that fell short of Wall Street expectations, overshadowing stronger-than-expected fourth-quarter earnings and revenue. By 07:40 ET, the stock had fallen sharply as investors focused on the company’s cautious outlook despite improving profitability. Fourth-quarter…
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Alphabet launches 10-part bond sale to support massive AI investment plans
Alphabet Inc. (NASDAQ:GOOG) has returned to the U.S. corporate bond market with a 10-part benchmark debt offering as the technology giant seeks to finance a major expansion of its artificial intelligence infrastructure. According to Bloomberg News, the transaction is expected to price today and includes both fixed- and floating-rate securities with maturities ranging from two…
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Hertz reduces second-quarter adjusted loss as pricing strength supports turnaround
Hertz (NASDAQ:HTZ) reported a smaller adjusted loss for the second quarter on Thursday, as higher rental pricing and solid commercial performance helped boost revenue despite ongoing vehicle recalls and a slightly smaller fleet. The company said its turnaround strategy continues to deliver encouraging progress. Adjusted net loss narrowed to $47 million, or $0.11 per diluted…
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Fox beats fourth-quarter estimates as World Cup advertising drives record revenue
Fox Corporation (NASDAQ:FOX) reported stronger-than-expected fourth-quarter results on Thursday, with advertising revenue from the FIFA Men’s World Cup helping the media company comfortably exceed Wall Street forecasts for both earnings and revenue. Shares rose around 4% in premarket trading following the announcement. Adjusted earnings came in at $1.79 per share, outperforming analysts’ consensus estimate of…
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Ralph Lauren raises full-year outlook after strong first-quarter earnings beat
Ralph Lauren Corporation (NYSE:RL) delivered stronger-than-expected first-quarter results on Thursday, beating Wall Street forecasts for both earnings and revenue as robust demand across Asia and North America helped lift sales. The apparel group also upgraded its outlook for the full fiscal year, sending its shares 4% higher in premarket trading. Adjusted earnings came in at…
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Molson Coors beats second-quarter expectations and maintains full-year outlook
Molson Coors Beverage Co. (NYSE:TAP) reported second-quarter results that came in ahead of Wall Street expectations, supported by a modest earnings beat, while reaffirming its financial outlook for the full year despite a challenging operating environment. Adjusted earnings per share reached $1.58, exceeding analysts’ consensus estimate of $1.52. Revenue totaled $3.1 billion, narrowly ahead of…
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Celsius Holdings shares slide after second-quarter earnings miss
Celsius Holdings Inc. (NASDAQ:CELH) shares fell sharply in premarket trading after the energy drinks company reported second-quarter results that missed Wall Street forecasts on both earnings and revenue. Adjusted earnings came in at $0.36 per share, falling short of analysts’ consensus estimate of $0.43. Revenue totalled $817.92 million, below the expected $885.98 million, although still…
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Motorola Solutions rallies after earnings beat and stronger full-year guidance
Motorola Solutions Inc. (NYSE:MSI) reported second-quarter results that comfortably exceeded Wall Street expectations and lifted its outlook for the full year, sending the company’s shares about 7% higher in premarket trading on Thursday. Adjusted earnings came in at $4.41 per share, surpassing analysts’ consensus estimate of $3.84 by $0.57. Revenue increased 13% year over year…