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Street Analysts Mixed After Darden Restaurants Serves Up Lukewarm Results
Here is a summary of how some of the Street's top analysts reacted to the company's fiscal first-quarter results and management's outlook.
More Bearish Tidings For The Hong Kong ETF
Already under siege amid pro-democracy protests, the iShares MSCI Hong Kong ETF EWH could see more downside, something options traders are betting.
POTX: A Potent Pot ETF Debuts
Integral to POTX's long-term fortunes and those of its passive rivals will be the ability of Canadian cannabis firms to gain footholds in the fast-growing, likely more lucrative U.S. market.
Steelcase Trades Higher After Q2 Earnings Beat
Earnings came in at 50 cents per share, beating estimates by 7 cents. Sales came in at $998 million, beating estimates by $17.13 million.
Another ETF Idea For The Value Rebound
The iShares Edge MSCI USA Value Factor ETF (VLUE) is one of the exchange-traded funds participating in the recent value resurgence.
Darden Restaurants Reports Mixed Q1 Earnings
Darden Restaurants reported first-quarter earnings of $1.38 per share, which beat the analyst consensus estimate of $1.36 by 1.47%.
Herman Miller Soars On Q1 Earnings Beat
Adjusted earnings came in at 84 cents per share, beating estimates by 6 cents. Sales came in at $670.9 million, beating estimates by $9.1 million.
Fed Issues Second Rate Cut Of 2019
In a move that was widely expected, the Federal Reserve issued its second 0.25% interest rate of 2019 on Wednesday. Despite the cut, the Fed reassured investors that the U.S. economy is strong and the labor market remains solid.
Analysts Still Bullish On Adobe Despite Bookings Miss
Several sell-side analysts kept Buy recommendations on the stock, saying those negatives masked continued Accounting Rate of Return strength.
General Mills Reports Mixed Q1 Earnings
General Mills, Inc. reported first-quarter earnings of 79 cents per share Wednesday, beating the analyst consensus estimate of 77 cents by 2.6%.
Adobe Falls On Lower Q4 Guidance
Third-quarter earnings came in at $2.05, beating estimates by 8 cents. Sales came in at $2.83 billion, beating estimates by $10 million.
FedEx Falls After Q1 Earnings Miss
Adjusted first-quarter earnings came in at $3.05, missing estimates by 12 cents. Sales came in at $17.048 billion, missing estimates by $22 million.
Analyst On WeWork: High Growth Equals High Cash Burn
WeWork is postponing its initial public offering, partly due to valuation concerns.
3 Takeaways From SeaWorld CEO's Surprise Resignation
SeaWorld Entertainment Inc announced Monday evening that Gustavo Antorcha resigned as CEO and board member due to a "difference of approach".
Nucor Lowers Q3 Earnings Guidance, Sees 'Softening' In Some Markets
Nucor Corporation NUE lowered its earnings guidance for the third quarter ending Sept. 28 on Monday and said it expects earnings to be in the range of 75 cents to 80 cents per diluted share.
Broadcom Falls, But Analysts Optimistic Chip Demand Has Bottomed And Acquisitions Will Help
A semiconductor demand trough and trade difficulties with China had investors selling the stock off Friday, but sell-side analysts remained bullish, saying the trough has bottomed and the company can weather the international storm.
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