Newsfeeds Archive - Page 47 of 246

1 minute read

Why Digital Realty Trust Shares Are Sliding Today

February 16, 11:16 AM

Digital Realty Trust reported Street-missing Q4 results and gave lower than expected guidance for FY24. Digital Realty had approximately $17.4 billion of total debt outstanding as of December 31, 2023.

DLR

2 minute read

Why Is Texas Roadhouse Stock Surging Premarket Friday?

By Lekha Gupta

February 16, 9:44 AM

Texas Roadhouse reported strong Q4 results, with revenue up 15.3% and EPS beating estimates. The company plans to implement a menu price increase of approximately 2.2% in late March.

TXRH

2 minute read

Nike Axes Headcount To Save Cost, Cuts Over 1,600 Jobs: Report

By Lekha Gupta

February 16, 7:49 AM

Nike reportedly plans to cut 2% of its workforce to save costs and focus on key categories. The reduction won't impact employees in stores or innovation team.

NKE

2 minute read

NY Pension Fund Prioritizes Climate Over Big Oil Profits: Restricts Investments In 8 Companies, Including ExxonMobil

By Lekha Gupta

February 16, 6:54 AM

NY State pension fund restricts investments in 8 oil and gas companies, including Exxon, due to climate risk.

DELKY

1 minute read

Why Air Products & Chemicals Shares Are Rising Today

By Lekha Gupta

February 15, 2:47 PM

BofA Securities upgrades Air Products & Chemicals to Buy with a price target of $264. Analyst cites valuation disconnect, lower risk in projects, and strong base business.

APD

1 minute read

Government Service Provider GEO Group Shares Are Higher Today: What’s Going On?

By Lekha Gupta

February 15, 2:13 PM

GEO Group reported Q4 FY23 revenue of $608.3M, beating consensus. Adjusted EBITDA fell to $129M while adjusted EPS of $0.29 surpassed consensus. Company reduced total net debt by $197M.

GEO

1 minute read

Why Marketplace Company Jumia Technologies Shares Are Seeing Blue Skies Today

By Lekha Gupta

February 15, 1:38 PM

Jumia Technologies reports higher Q4 FY23 financial results with increased revenue, narrowed losses, and positive outlook for 2024.

JMIA

2 minute read

Why Coking Coal Provider Arch Resources Shares Are Diving Today

By Lekha Gupta

February 15, 1:17 PM

Arch Resources reported mixed Q4 financial results, with revenue beating estimates and EPS missing it. The company expects a step-up in coking coal production as well as another first-quartile cost performance in 2024.

ARCH

2 minute read

Frosty Outlook For Wendy’s: Underwhelming Q4 Results Amid Rising Digital Sales And Global Expansion

By Lekha Gupta

February 15, 1:01 PM

Wendy's reports lower Q4 FY23 results with sales growth of 0.8%, adjusted EPS miss of $0.21, and lower FY24 guidance.

WEN

2 minute read

Why Clothing Company HanesBrands Shares Are Tumbling Today

By Lekha Gupta

February 15, 11:56 AM

HanesBrands shares are down on lower Q4 FY23 results, missing sales estimate, with Y/Y declines in all segments and adjusted EPS below consensus. The company plans to pay down debt and provides Q1 guidance below estimates.

HBI