Market movers: Why TRP-T, IFC-T, NVEI-T and more stocks are seeing action on Wednesday

) were higher on Wednesday after it beat third-quarter profit estimates, as it gained from higher demand for liquefied natural gas .

It reported an adjusted profit of $1.00 per share for the quarter ended Sept. 30, compared with the average analyst estimate of 96 cents per share, according to LSEG data.It reported net operating income per share was $2.10, down from $2.78 a year earlier but above the Street’s expectation of $1.46. “Daily average volumes in October and early November have remained consistent with our expectations, and we are not seeing any signs that the near-term spending environment has changed,” it said in a late. “In terms of our updated ranges for the full year, we are raising our outlook range for Total volume and Adjusted EBITDA, and we are narrowing our outlook range by raising the low end for Revenue and Revenue at constant currency.

In its outlook, MDA says it now expects revenue for 2023 to come in between $790-million and $810-million, compared with its earlier guidance for between $785-million and $810 million. In its outlook, NFI says it now expects revenue of US$2.7-billion to US$2.8-billion for 2023, up from earlier expectations for US$2.6-billion to US$2.8-billion.

The company reported revenue of US$598.3-million for the third quarter, above analysts’ average estimate of US$589.4-million, according to LSEG data. Rivian’s upbeat forecast is a small positive for an industry reeling from the double whammy of high inflation that has dulled buyer appetite and price cuts at market leader Tesla cut its production forecast on Tuesday “to prudently align with deliveries,” sending its shares down. It now expects to produce 8,000–8,500 vehicles this year, down from an earlier projection of more than 10,000.

On Tuesday, it trimmed its capital expenses and loss forecasts for the year. The company was cutting costs through negotiations with suppliers and updates to components and systems, Scaringe said. Lucid’s quarterly losses narrowed as well, but its revenue fell short of estimates. Production fell nearly 30 per cent to 1,550 vehicles.The Denver-based large-cap energy company logged cash flow per share of the quarter of US$4.02, exceeding the Street’s expectation of US$3.85 as production topped estimates across its product stream .

“TCN’s report is likely better than feared after noticeable underperformance in the stock due to fears around rising rates and what that means for TCN’s earnings trajectory given higher leverage, floating rate debt and fee income ,” said Citi analyst Eric Wolfe. “While SSNOI was lowered by 25bps to a 6.25-per-cent midpoint and acquisition guidance was cut to $600-million from $700-million, core FFO was reiterated and we don’t think either guidance adjustment was a surprise .

“We would not be surprised to see slight pressure on the stock this morning as the market appeared to focus on sequential organic growth trends last quarter.”) top quarterly profit estimates, but the effect of two Hollywood strikes and a weak advertising market could hamper the company’s earnings into next year, company executives said on Wednesday.

The media company, forged by the union of WarnerMedia and Discovery, posted third-quarter adjusted core earnings of US$2.97-billion, above estimates of US$2.92-billion, according to LSEG data. Overall revenue of US$9.98-billion was in line with estimates. “The market is not thrilled with the fact that even with the unparalleled blockbuster success of Barbie, they still found a way to lose $417M in the quarter. Not ideal,” Great Hill Capital Chairman Thomas Hayes said.) dropped after it forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Stock futures dip as Fed rate hopes dimInvestors are weighing whether the Fed is really done hiking as policymakers speak out.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: World shares are mostly lower after a mixed session on Wall StreetShares mostly fell in Europe and Asia on Tuesday after a mixed close on Wall Street, where wild recent moves calmed a bit at the beginning of a quiet week for data releases.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news today: Stocks rise slightly after huge week of gainsConfidence that the Fed is done with rate hikes is still encouraging investors into stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks edge higher with Fed hopes still in playConfidence that the Fed is done with rate hikes is still encouraging investors into stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street drifts and holds steadier after last week's big swingsNEW YORK (AP) — Stocks drifted to a mixed close as Wall Street’s wild recent moves calm a bit. The S&P 500 rose 0.2% Monday in its first trading after careening from months of sharp losses to its best week of the year.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market news today: Stocks rise with Fed hopes still in playConfidence that the Fed is done with rate hikes is still encouraging investors into stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »