Wednesday, Host Hotels & Resorts, Inc. (HST) announced its first-quarter financial results, reporting a net income of $501 million, or $0.72 a share, compared to $251 million, or $0.35 a share, last year. Revenues rose 3.2 percent, to $1.645 billion from $1.594 billion in the prior year. NAREIT...
Wednesday, Sturm, Ruger & Company, Inc. (RGR) announced its first-quarter financial results, reporting a net income of $0.128 million, or $0.01 a share, compared to $7.8 million, or $0.46 a share, in the prior year quarter. On an adjusted basis, earnings totaled $0.27 per share compared to $0.46 per...
Wednesday, Whirlpool Corporation (WHR) announced its first-quarter financial results, reporting a net loss to common stockholders of $85 million, or $1.43 a share, compared with a profit of $71 million, or $1.28 a share, in the prior year. Revenue stood at $3.273 billion, down 9.6 percent from $3.621...
Wednesday, Kulicke and Soffa Industries, Inc. (KLIC) announced its second-quarter financial results, reporting a net income of $35.1 million, or $0.66 a share, compared with a net loss of $84.5 million, or $1.59 a share, in the prior year. Adjusted earnings stood at $42.1 million, or $0.13 a share,...
Wednesday, IonQ, Inc. (IONQ) announced its first-quarter financial results, revealing a net income of $805.4 million, or $2.07 a share, compared with last year's net loss of $32.3 million, or $0.14 a share. On an adjusted basis, loss amounted to $0.34 a share compared to $0.15 a share in the prior...
Wednesday, Snap Inc. (SNAP) announced its first-quarter financial results, reporting a net loss of $88.95 million, or $0.05 a share, compared to $139.6 million, or $0.08 a share, in the prior year quarter. Operating loss narrowed to $74.4 million from $193.8 million in the earlier year. Revenue...
Stocks moved sharply higher early in the session on Wednesday and saw further upside as the day progressed. The major averages added to the gains posted during Tuesday's session, with the Nasdaq and S&P 500 reaching new record closing highs. The major averages ended the day just off their highs of the session.
Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs. Currently, the major averages are just off their highs of the session.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. decreased by slightly less than expected in the week ended May 1st. The EIA said crude oil inventories fell by 2.3 million barrels last week after tumbling by 6.2 million barrels in the...
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. The report 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 expected private sector employment to grow by 85,000 jobs.
Growing optimism about a peace deal to end the Middle East war dragged down crude oil prices and the safe-haven dollar, helping the yellow metal climb above $4,733 on Wednesday.
Eli Lilly and Company (LLY) on Wednesday said it will invest an additional $4.5 billion across two of its three manufacturing sites in Indiana, taking its total capital commitment in the state since 2020 to more than $21 billion. The company is also opening its first genetic medicine facility today. The...
Icahn Enterprises L.P. (IEP) reported Wednesday a net loss attributable to Icahn Enterprises for the first quarter of $455 million or $0.71 per depositary unit, compared to $422 million or $0.79 per depositary unit in the prior-year quarter. Revenues for the quarter increased to $2.21 billion from...
Trimble Inc. (TRMB) said, for the full-year 2026, it expects to report revenue between $3.835 billion and $3.915 billion, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. Previously, Trimble projected revenue between $3.81 billion and $3.91 billion, GAAP earnings...
Wednesday, Nuvation Bio Inc. (NUVB) announced that the U.S. Food and Drug Administration has accepted a supplemental New Drug Application with updated data for IBTROZI for the treatment of advanced ROS1-positive non-small cell lung cancer, with a target action date of January 4, 2027. The submission...
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.