HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44. Net sales were $1.3 billion, up 125% from prior year. On an...
While reporting financial results for the second quarter on Wednesday, gas utility Spire, Inc. (SR) now projects adjusted earnings from continuing operations in a range of $3.90 to $4.10 per share. Previously, the company expected adjusted earnings in the range of $5.25 to $5.45 per share, which...
Financial contributions from migrants remain substantial, and remittances are projected to reach $905 billion, including $685 billion to low and middle-income countries, says the new World Migration Report. Restricting migration does not stop people from moving. It often pushes them into more dangerous...
A hantavirus-hit Dutch cruise ship is reportedly sailing to Spain's Canary Islands to medically evacuate two crew members to make sure that they receive urgent medical care. A third person who had contact with the diseased German passenger will also be evacuated, media reports say. Hantavirus victims...
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April. ADP said private sector employment shot up by 109,000 jobs in April after climbing by a downwardly revised 61,000 jobs in March. Economists had...
A U.S.-led resolution to defend freedom of navigation in the Strait of Hormuz is set to be introduced for voting in UN Security Councilin the coming days. Secretary of State Marco Rubio said on Tuesday that at President Donald Trump's direction, the United States, alongside its Gulf partners Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar, drafted the resolution. The draft res
Wednesday, Global Payments Inc. (GPN) announced its first-quarter financial results, reporting a net loss of $1.799 billion compared to a net income of $305.7 million in the prior year, driven by higher loss from discontinued operations. On a per-share basis, total loss attributable to the company...
While reporting financial results for the first quarter on Wednesday, Kraft Heinz Co. (KHC) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2026. For fiscal 2026, the company continues to project adjusted earnings in the range of $1.98 to $2.10 per share on...
Wednesday, Madrigal Pharmaceuticals, Inc. (MDGL) announced its first-quarter financial results, reporting a net loss of $94.4 million, or $3.25 a share, compared to $73.2 million, or $2.61 a share, in the previous year. Total operating expenses increased to $404.1 million from $216.6 million in the...
Performance Food Group Company (PFGC) said on Wednesday that it has revised its guidance for the full year. For fiscal 2026, the Group now expects adjusted EBITDA of around $1.9 billion to $1.93 billion, compared with the prior guidance of around $1.875 billion to $1.975 billion. For fiscal 2026,...
Uber Technologies, Inc. (UBER) said, for second quarter, it anticipates: Gross Bookings of $56.25 billion to $57.75 billion, representing growth of 18% to 22% on a constant-currency basis. Non-GAAP EPS is projected in a range of $0.78 to $0.82, representing growth of 31% to 38%. Adjusted EBITDA is expected...
While reporting financial results for the first quarter on Wednesday, Marriott International, Inc. (MAR) provided its adjusted earnings and gross fee revenue guidance for the second quarter, and raised its outlook for the full-year 2026. For the second quarter, the company expects adjusted earnings...
Walt Disney Co. reported Wednesday lower net profit in its second quarter, while segment operating income increased with higher revenues. Further, the media and entertainment major updated its fiscal 2026 outlook, and maintained fiscal 2027 earnings growth view. The company also said it is targeting at least $8 billion in share repurchases in fiscal 2026.
In an apparent response to President Donald Trump's move to suspend "Project Freedom" citing progress in diplomatic talks with Iran to end the Middle East war, oil prices fell sharply Wednesday. Brent crude fell below the $100 mark, and was trading below $98 a barrel after falling by nearly 11 percent while the US-traded WTI dropped by 11.42 percent to $90. Even this is 40 percent higher than th
NiSource Inc. (NI), an energy holding company, on Wednesday reported higher net income in the first quarter of 2026 compared with the previous year. For the first quarter, net income available to the shareholders increased to $510.7 million from $474.8 million in the previous year. Earnings per...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.