Darden Stock Surges as LongHorn Steakhouse Strength Powers Sales Growth
Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.
Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.
Shares of Block rose Thursday morning, offering a bit of relief after a recent decline that yesterday’s tech selloff extended, as Oppenheimer analysts turned bullish on the stock.
The U.S. housing market has been on a post-pandemic roller coaster, with fluctuating home prices, interest rates and a hostile political environment creating uncertainty among homeowners and investors. For the ultrarich, however, there is no need to rely purely on the vagaries of the U.S. housing market. Global real estate is where the smart money is, spreading investments across a broad swathe of trans-Atlantic holdings, diversifying portfolios and accumulating a collection of vacation homes. D
Stocks are looking to bounce back from their worst day since the summer.
(Bloomberg) -- Bank of England Governor Andrew Bailey said market bets putting its next interest-rate decision on a knife-edge are a “reasonable starting point.”Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalIn an interview following the BOE’s decision to hold rates at 4.75% on Thursday, Bailey said that the “world is too
ConAgra Brands, Inc. (NYSE:CAG) shares are trading slightly lower in the morning session on Thursday. The company reported second-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $3.195 billion, beating the street view of $3.149 billion. The results show a 0.4% decrease in net sales, with organic net sales up by 0.3%. The 0.3% increase in organic net sales was driven by a 0.1% negative impact from price/mix and a 0.4% increas
Micron downgraded, Block upgraded: Wall Street's top analyst calls
(Bloomberg) -- Bond-market veteran Bob Michele says there’s one scenario investors aren’t fully prepared for in 2025: the calmest Treasury market in nearly a decade.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalJPMorgan Asset Management’s chief investment officer for global fixed income, currencies and commodities sees a
Post-election profit taking and the Fed’s “dot plot” weighed on the stock market benchmark.
Darden Restaurants, Inc. (NYSE:DRI) shares are trading higher in the premarket session on Thursday. The company reported that the second quarter adjusted earnings per share was $2.03, beating the street view of $2.02. Quarterly sales of $2.89 billion missed the analyst consensus estimate of $2.899 billion. Total sales increased 6%, driven by a blended same-restaurant sales increase of 2.4% and sales from the addition of 103 Chuy’s restaurants and 39 net new restaurants. Olive Garden same-restaur