PulteGroup, the Atlanta-based homebuilder, saw a modest 1.7% rise in third-quarter earnings despite the impact of rising interest rates. The company reported a net income of $638.8 million, or $2.90 a share, surpassing the average Wall Street estimate of $2.83 a share. Strong Net New Orders and Revenue Growth PulteGroup experienced a significant increase in net new orders, with … [Read more...] about PulteGroup Reports 1.7% Increase in Third-Quarter Earnings
Forex News
Sherwin-Williams Reports Strong Third-Quarter Performance
Sherwin-Williams, the Cleveland-based paint maker, exceeded expectations in its third-quarter financial results. Despite a slowdown in the housing market, the company experienced an increase in demand for repainting properties. Impressive Financial Figures For the quarter ended September 30, Sherwin-Williams recorded net income of $761.5 million, or $2.95 per share. This … [Read more...] about Sherwin-Williams Reports Strong Third-Quarter Performance
Visa Inc. Reports Earnings: What to Watch For
When Visa Inc. reports earnings after Tuesday's closing bell, investors will be keen on hearing the financial-technology giant's outlook for the year ahead. As Visa's fiscal year just concluded, the upcoming report is expected to include a new annual outlook. Forecasting consumer spending for the upcoming year is always a challenge, but the current environment is particularly … [Read more...] about Visa Inc. Reports Earnings: What to Watch For
Teck Resources Faces Challenges as Cost Forecast Rises for Copper Mine in Chile
Teck Resources, a prominent Canadian mining company, experienced a decline in its shares as it raised the cost forecast for its flagship copper mine in Chile due to construction delays. Additionally, the company reported weaker-than-expected earnings for the latest quarter. Share Performance During morning trading, Teck Resources' shares were down by 5.4% at C$50.35 in Toronto, … [Read more...] about Teck Resources Faces Challenges as Cost Forecast Rises for Copper Mine in Chile
Moderna Inc. Sees Stock Rally as Phase 3 Trial Begins
Shares of biotechnology company Moderna Inc. experienced a rare rally on Tuesday, with investors enjoying their first gain in two weeks. This positive movement came after the company announced that the first participant had been dosed in a Phase 3 trial of its combination vaccine candidate against the flu and COVID-19 in the U.S. Adding to the optimistic sentiment, ARK Genomic … [Read more...] about Moderna Inc. Sees Stock Rally as Phase 3 Trial Begins
