Tractor Supply Adjusts FY24 Outlook - Update

While reporting financial results for the second quarter on Thursday, rural lifestyle retailer Tractor Supply Co. (TSCO) slighted adjusted its earnings, net sales and comparable store sales guidance for the full-year 2024. Looking ahead to fiscal 2024, the company now projects earnings in a range of $10.00 to $10.40 per share on net sales between...

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Reliance Q4 Results Miss Estimates

While reporting financial results for the second quarter on Thursday, metals service center company Reliance, Inc. (RS) said it expects adjusted earnings for the third quarter in a range of $3.60 to $3.80 per share, as the company expects its average selling price per ton sold for the quarter to be down 2 to 4...

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AbbVie Boosts FY24 Outlook - Update

While reporting financial results for the second quarter on Thursday, biopharmaceutical company AbbVie, Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2024. For fiscal 2024, AbbVie now projects adjusted earnings in a range of $10.71 to $10.91 per share, which includes an unfavorable impact of $0.60 per share related to acquired IPR&D and...

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Nasdaq Q2 Results Top Estimates

Nasdaq Inc. (NDAQ) reported Thursday that net income attributable to Nasdaq for the second quarter declined to $222 million or $0.38 per share from $267 million or $0.54 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $397 million or $0.69 per share, compared to $350 million or $0.71...

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Commodity Currencies Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, due to a sharp drop in commodity prices. Crude oil prices eased, declining for the third consecutive session on concerns about the outlook for oil demand and renewed hopes of a...

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Asian Shares Mixed As China Concerns Weigh

Asian stocks ended mixed on Tuesday, with mainland China and Hong Kong markets retreating after China\'s third plenum communique failed to address key economic issues. Markets elsewhere mostly rose as semiconductor shares rebounded ahead of big earnings from U.S. tech companies, with Tesla and Google set to report their financial results later in the day....

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DAX Extends Gains As SAP Reports Strong Q2 Results

German stocks rose on Tuesday to extend gains from the previous session after a top survey showed U.S. Vice President Kamala Harris has secured the support of enough Democratic delegates to become her party\'s nominee against Republican Donald Trump. Investors also cheered strong earnings from SAP, which reported a 25 percent increase in its cloud...

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Euro Drops Against Majors

The euro declined against its major counterparts in the New York session on Tuesday. The euro dropped to near a 2-week low of 1.0844 against the greenback, 6-day low of 0.8397 against the pound and near a 5-week low of 169.14 against the yen, off its early highs of 1.0896, 0.8426 and 171.09, respectively. The...

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