) 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.
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