General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook
General Mills shares moved lower Wednesday morning as the company's lowered fiscal 2025 profit outlook offset second-quarter results that beat analysts' estimates.
General Mills shares moved lower Wednesday morning as the company's lowered fiscal 2025 profit outlook offset second-quarter results that beat analysts' estimates.
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President Joe Biden this week announced an endorsement of a stock-trading ban for US lawmakers, making a last-minute entry into an issue that has bedeviled Capitol Hill for years.
Micron Technology, Inc. (NASDAQ:MU) will release earnings for its first quarter, after the closing bell on Wednesday, Dec. 18. Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.77 per share, versus a year-ago loss of 95 cents per share. Micron projects to report quarterly revenue of $8.71 billion, compared to $4.73 billion a year earlier, according to data from Benzinga Pro. The company has beaten analyst revenue estimates in six straight quarters and seven of the
While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added.
The Dow enters trading Wednesday on a nine-day losing streak, the longest stretch of consecutive daily declines for the blue chip index since 1978. Monitor these key levels.
Birkenstock Holdings posted better fourth-quarter earnings Wednesday than analysts had expected and said it expects margins will improve in fiscal 2025.
General Mills, Inc. (NYSE:GIS) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion. Quarterly sales were up 2%, driven by higher pound volume, while organic net sales increased 1%. Gross margin was up 250 basis points to 36.9%, driven primarily by Holistic Margin Management cost savings and fa
Nissan Motor (NSANY) stock is booming as the automaker reportedly prepares to explore a merger with Honda Motor (HMC), which would tie up Japan’s second and third-largest automakers.
The week of Christmas is typically bullish for stocks