Market movers: Stocks seeing action on Thursday

) surged on Thursday after it raised its dividend as it outlined a capital spending plan of $600-million to $625-million for 2025.

“LRC intends to use a portion of the sale proceeds to repurchase common shares and will explore the use of a Substantial Issuer Bid. Given the significant discount that LRC’s shares trade relative to their net asset value, we believe that repurchases could be materially accretive to net asset value and cash flow per share in the future, starting in 2025.

Its first-quarter revenue stood at US$17.7-billion, beating analysts’ estimates of US$17.12-billion, according to data compiled by LSEG. Same-store sales at the Olive Garden chain rose 2 per cent after three consecutive quarters of decline. In the year-ago quarter, sales grew 4.1 per cent. The Chesapeake, Virginia-headquartered company launched a turnaround effort this year that involved shutting 970 Family Dollar stores and exploring options, including a possible sale for the banner.

CarMax in June had also flagged inflationary pressures hitting consumers during the year, which impacted vehicle affordability.Richmond, Virginia-based CarMax reported profit of 81 US cents per share for the quarter through Nov. 30, compared with average analyst expectation of 61 US cents per share, according to data compiled by LSEG.

The post-pandemic growth in demand for traditional PCs did not match expectations and AI-enabled computers are yet to gain mass popularity. The Boise, Idaho-based company is only one of the three HBM chip providers alongside South Korea’s SK Hynix and Samsung.) missed Wall Street estimates for fourth-quarter profit and revenue on Wednesday, as potential buyers remained reluctant to buy homes due to volatile mortgage rates, sending its shares down..

As per a Reuters poll of property experts, purchasing affordability for first-time U.S. homebuyers is expected to worsen over the coming year on tight supply and fewer-than-expected Federal Reserve interest rate cuts, even as the increase in average home prices is slowing down.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Why Equitable is one of the hottest bank stocks in North AmericaThe bank has roughly doubled in size since 2018, and now has 1,800-plus employees and 670,000 customers
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Wall Street stocks end lower after inflation data, tech stocks push Nasdaq downThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Toronto stocks rise as healthcare and consumer stocks lead gainsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »