TreeHouse Foods faces a dip in shares following revenue drop and a missed EPS estimate. Q1 FY24 sales hit $820.70 million, exceeding expectations despite the decline. The decrease stems from planned exits in coffee and bakery segments, and a facility restart, contributing to a 440 basis points Y/Y contraction in gross margin.
U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the "Extreme Greed" zone on Friday.
U.S. stocks closed lower on Friday, with the Dow Jones index falling more than 100 points during the session.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.
The Dow traded down 0.24% to 38,681.46 while the NASDAQ fell 0.56% to 15,816.84. The S&P 500 also fell, dropping, 0.27% to 5,016.06.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Friday.
The Dow traded down 0.10% to 38,736.15 while the NASDAQ fell 0.34% to 15,852.87. The S&P 500 also fell, dropping, 0.09% to 5,025.26.