Fed’s favourite inflation gauge to be lowered by stats agency change

Image
Adjustments by Bureau of Economic Analysis to ease pressure on central bank to raise rates 🔥 EXCLUSIVE PARTNER OFFER MESWAO B3 Tablet, 15.6 inch 1920*1080 IPS Screen, MTK Helio G99 8 Cores, 6GB RAM 128GB ROM, Android 14, WiFi 5 Bluetooth 5.0, 12000mAh Battery, 32MP+5MP Camera, 4*Speakers - EU Plug, Grey 399.01 🔥 Limited time offer! Grab your favorite item at an incredible price. Quality guaranteed! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/bf4c32f3-735d-4742-a5b6-65b404f70cc7?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Stocks making the biggest moves after hours: Ford, Teradyne, Visa, KLA Corp and more

Stocks making the biggest moves after hours: F, TER, V, KLAC and more Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines in after-hour trading. Ford Motor Shares surged 6% after the automaker posted second-quarter adjusted earnings that beat expectations and hiked its 2026 earnings outlook. But the company's automotive revenue came in slightly below the expectations of analysts polled by LSEG. CoStar The real estate marketplace stock tumbled 12% after second-quarter revenue failed to meet the expectation of analysts surveyed by FactSet. CoStar also told investors to expect between $935 million and $945 million in current-quarter revenue, missing the consensus forecast of $967.5 million. Rocky Brands The apparel manufacturer surged 16% after reporting second-quarter earnings per share, excluding items, that more than tripled from the same period a year ago. The Ohio-based company said several brands saw strong double-digit growth rates and that it was aided by tariff refunds. Mondelez The maker of Sour Patch Kids and Oreo cookies jumped 1%. Mondelez posted second quarter profit of 73 cents a share on revenue of $9.36 billion. Analysts polled by LSEG were looking for 68 cents per share and $9.20 billion. Adjusted gross margin of 34% also beat the StreetAccount consensus call for 32.8%. Varonis Systems Shares of the data security company shed 8% as current quarter guidance disappointed Wall Street. Varonis sees third-quarter adjusted earnings in a range of 2 to 3 cents per share, compared to the FactSet consensus for 2 cents a share. Revenue is expected to land between $185 million and $188 million, while analysts sought $186.1 million. PPG Industries The paint and glass manufacturer dropped 4% after second-quarter earnings per share and adjusted EBITDA missed Wall Street analysts' estimates. However, PPG reaffirmed its full-year guidance for earnings per share. KLA Corp The manufacturer of wafer fab equipment slid 9% after the company issued disappointing guidance. KLA sees first-quarter adjusted earnings of $1.16 per share, plus or minus 10 cents, while the LSEG estimate called for $1.14 per share. Revenue is expected to be around $4 billion, plus or minus $200 million, compared to the Street's estimate of $3.92 billion. Seagate Technology Shares of the data storage company rose 8% after Seagate issued an outlook that trounced analysts' expectations. Seagate sees first-quarter adjusted earnings of around $7.30 per share, while analysts were looking for $5.80 per share, per LSEG. Revenue is expected to be roughly $4.1 billion, versus the $3.75 billion estimate. Shares of Western Digita l rose 4% in sympathy. Manhattan Associates The supply chain software provider climbed 7% after second-quarter earnings and revenue topped analyst estimates. Manhattan Associates also raised full-year profit and revenue forecasts. Visa The payments technology stock lost almost 2% after Visa's guidance for the 2026 fiscal year underwhelmed the Street. The company reaffirmed its earnings per share growth on an adjusted nominal dollar basis in the mid-teens, roughly in line with the FactSet consensus estimate of 14.7%. Earlier in...

🔥 EXCLUSIVE PARTNER OFFER
Xiaomi POCO M7 Global, 6 Go + 128 Go, lecteur d'empreintes digitales latéral, écran 6,9 pouces, Xiaomi HyperOS 2, Snapdragon 685 4G Octa Core, NFC, réseau 4G (bleu)

Xiaomi POCO M7 Global, 6 Go + 128 Go, lecteur d'empreintes digitales latéral, écran 6,9 pouces, Xiaomi HyperOS 2, Snapdragon 685 4G Octa Core, NFC, réseau 4G (bleu)

173

🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late!

Affiliate link — Commission earned at no extra cost to you

© EcoNews DZ — Global Economic & Financial News

Comments

Popular posts from this blog

Writing a Thesis or Paper with AI Tools

Xi wants China to boost demand. Why isn’t it working?

7 Best AI Applications to Enhance Scientific Research