ADVFN US – Market Content Editor
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Korn Ferry stock rallies after first-quarter results top forecasts
Korn Ferry (NYSE:KFY) shares climbed 7.5% after the global consulting firm reported stronger-than-expected fiscal first-quarter earnings and issued upbeat guidance for the current quarter. Adjusted earnings per share came in at $1.31, ahead of Wall Street’s consensus of $1.24. Revenue reached $708.6 million, a 5% year-over-year increase and well above expectations of $687.04 million. Growth…
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Bioceres Crop Solutions falls short of revenue forecasts as sales plunge 40%
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) posted second-quarter revenue of $74.7 million, well below analyst expectations of $111.68 million, as the agricultural technology group struggled with weak market conditions. Revenue dropped 40% year-on-year, weighed down by softer demand in Argentina and a decline in HB4-related sales. The company reported an operating loss of $14.9 million for…
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Designer Brands rallies after topping Q2 earnings and revenue estimates
Shares of Designer Brands (NYSE:DBI) jumped about 13% in premarket trading Tuesday after the footwear retailer posted quarterly results that exceeded Wall Street forecasts. For its second quarter, the company reported earnings of $0.34 per share, well above the consensus estimate of $0.14. Revenue reached $739.8 million, also topping expectations of $730.6 million. Comparable sales…
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Dell shares dip in premarket trading following CFO Yvonne McGill’s unexpected resignation
Shares of Dell Technologies (NYSE:DELL) slipped slightly in premarket U.S. trading Tuesday after the company announced that Chief Financial Officer Yvonne McGill would be stepping down. Dell said that David Kennedy, currently Senior Vice President of Global Business Operations, Finance, will assume the CFO role on an interim basis. McGill will continue to serve as…
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Nebius shares jump 48% following major AI infrastructure pact with Microsoft
Nebius Group (NASDAQ:NBIS) saw its shares leap roughly 48% in premarket trading Tuesday, following the announcement of a multiyear deal with Microsoft (NASDAQ:MSFT) valued at up to $19.4 billion over the next five years. The Amsterdam-based company, a key supplier of Nvidia (NASDAQ:NVDA) GPUs used for AI training, will provide Microsoft with computing resources from…
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Dollar steadies; euro slips as markets eye U.S. payroll revisions and French politics
The U.S. dollar showed slight gains on Tuesday, stabilizing after hitting a seven-week low amid anticipation of key U.S. employment and inflation data that could reinforce expectations for a Federal Reserve rate cut next week. By 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against six major currencies, was up 0.1% at…
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Casey’s General Stores tops Q1 estimates, maintains full-year guidance; shares dip slightly
Casey’s General Stores (NASDAQ:CASY) reported first-quarter earnings and revenue that exceeded analyst expectations on Monday, bolstered by stronger in-store performance, while reaffirming its outlook for the fiscal year. Shares of the U.S. convenience store chain fell 1% in premarket trading Tuesday. For the first quarter, Casey’s posted earnings of $5.77 per share, surpassing the consensus…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise as Investors Await Labor Data; Oracle, Anglo Teck, ASML Make Headlines
U.S. stock futures edged higher Tuesday as traders looked ahead to the Bureau of Labor Statistics’ preliminary nonfarm payrolls benchmark revision, which may reveal further signs of a slowing labor market. Investors also focused on corporate developments, including Oracle’s (NYSE:ORCL) post-market earnings report, the Anglo American (LSE:AAL)–Teck Resources (NYSE:TECK) merger, and ASML’s (EU:ASML) $1.5 billion…
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Apple iPhone 17 Launch: Analysts Highlight Potential Price Increase and AI Focus
Apple Inc (NASDAQ:AAPL) is set to unveil its iPhone 17 lineup later Tuesday, with Wedbush analysts pointing to a likely price increase for the flagship models as production shifts from China to India. The brokerage also emphasized that attention will be on Apple’s artificial intelligence initiatives, with Alphabet Inc’s (NASDAQ:GOOGL) Google Gemini considered a potential…
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Arm Targets Southeast Asia Expansion Amid Growing AI Demand
British semiconductor designer Arm (NASDAQ:ARM) is aiming to broaden its footprint in Southeast Asia as the region sees rising demand for artificial intelligence and data center infrastructure, the Wall Street Journal reported Tuesday. Will Abbey, Arm’s chief commercial officer, described Southeast Asia as “a hotbed of activity” with considerable market opportunities. “We see Southeast Asia…