results
By Clare Jim HONG KONG (Reuters) – Country Garden (HK:), once China’s top developer and now facing a liquidation lawsuit, is expected to report steep losses when it publishes long-overdue results on Tuesday, analysts say, as a prolonged property sector crisis weighed on sales. Country Garden delayed the publication of…
By Ananya Mariam Rajesh and Nicholas P. Brown (Reuters) -Nike offered a muted forecast on Thursday, reversing gains in its shares made earlier in the day after the embattled sportswear seller’s quarterly results beat estimates. The Beaverton, Oregon-based sportswear company, which has been scrambling to regain market dominance in the…
Investing.com — Shares of Teva Pharmaceutical Industries Ltd. (NYSE:) surged 17% following the announcement of successful Phase 2b study results for its investigational drug duvakitug, which is being developed to treat inflammatory bowel disease (IBD). The study, conducted in collaboration with Sanofi (NASDAQ:), met its primary endpoints in patients with…
Investing.com — Shares of DS Smith Plc (LON:) dropped over 1% after the packaging group posted a sharp contraction in first-half earnings, reflecting declining box prices and rising input costs. The company reported an adjusted EBITA of £221 million, down 39% year-on-year and 34% sequentially, with margins shrinking by 380…
Investing.com — Shares of Frasers Group PLC plunged more than 12% on Thursday after the retail giant reported weaker-than-expected first-half profits and lowered its full-year earnings guidance. The company cited weakened consumer confidence and tougher trading conditions as key drivers of the revised outlook, which rattled investor sentiment. Frasers reduced…
NEW YORK (Reuters) – Heading into holidays some expect to disappoint, Wall Street investors like Goldman Sachs are using new ways to monitor shoppers’ actions and intentions to help determine the season’s winners and losers. They are tapping into the quickly evolving field of “alternative data” to help them predict…
By Medha Singh and Ankur Banerjee (Reuters) -Global stocks eased on Thursday after AI bellwether Nvidia (NASDAQ:)’s revenue growth forecast failed to excite investors, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump’s policies. Rising tensions this week in the 33-month-old…
Investing.com — Shares of Severn Trent (LON:) rose on Wednesday following the release of its first-half financial results for the 2024/25 fiscal year, which showcased strong revenue growth, improved profitability, and revised capital expenditure guidance. At 4:43 am (0943 GMT), Severn Trent was trading 3.4% higher at £2,781. Analysts at…
By Lewis (JO:) Krauskopf NEW YORK (Reuters) -Nvidia Corp’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled. A nearly 800% run in shares of Nvidia…
Investing.com — and have moved in opposite directions since Donald Trump’s electoral win on Nov. 5, with gold prices down by 4.7% while Bitcoin surged by 29%. According to Gavekal Research, this divergence reflects contrasting reactions to the Republican victory, which markets perceive as unfavorable for gold yet beneficial for…
