Shares of Itron are soaring to a two-year high following the company's impressive fourth-quarter performance and optimistic first-quarter guidance that exceeded analyst expectations. Stock Performance The stock surged by 25% to $93.32 in premarket trading, marking a significant increase after remaining relatively flat year-to-date up until last week's market … [Read more...] about Itron Stock Surges
Forex News
Wells Fargo’s Independent Advisor Business Expansion
Wells Fargo recently announced the promotion of long-time executive Erik Karanik to lead the expansion of its independent advisor business. Karanik now holds the position of head of independent solutions within Wells Fargo's Wealth and Investment Management unit, reporting directly to WIM CEO Barry Sommers. Strong Foundation with Promising Future Barry Sommers expressed his … [Read more...] about Wells Fargo’s Independent Advisor Business Expansion
Lowe’s Fourth-Quarter Report Overview
Earnings Expectations: The home-improvement retailer is anticipated to post earnings of $1.68 a share, a decline from $2.28 a share in the same quarter a year ago. Revenue Projection: Quarterly revenue is forecasted to decrease to $18.47 billion from $22.45 billion in the previous year. Comparable Sales Forecast: Same-store sales are expected to decrease by 7%. Company … [Read more...] about Lowe’s Fourth-Quarter Report Overview
Zoom Video Communications Fourth Quarter Performance
In the fiscal fourth quarter, Zoom Video Communications saw a significant rise in profit, driven by a surge in enterprise sales. The company, based in San Jose, California, reported a profit of $298.8 million, or 95 cents per share, for the three months ending on Jan. 31. This marked a substantial improvement from the loss of $104.1 million, or 36 cents per share, in the same … [Read more...] about Zoom Video Communications Fourth Quarter Performance
Trex Co. Sales Forecast 2024
Shares of Trex Co. saw a late increase on Monday as the company predicted escalating demand and double-digit sales growth for the year 2024. Stock Performance The stock experienced a significant 7.6% boost, reaching $102.07 during after-hours trading, following a 1.1% uptrend at the close of Monday. Over the past three months, shares have surged by approximately 38%. Sales … [Read more...] about Trex Co. Sales Forecast 2024
