Unilever, the consumer goods giant, saw its shares rise on Thursday as it raised its full-year margin guidance and confirmed that the spinoff of its ice cream business is on track to be completed by the end of 2025. The company’s stock climbed nearly 8% during the morning, settling around 5.45% higher by 10:14 a.m.
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Chipotle Mexican Grill recently reported quarterly earnings and revenue that exceeded analysts’ expectations. Despite a slowdown in the restaurant industry, the company saw higher traffic at its restaurants, leading to a rise in its stock price. However, the stock had been on a downward trend due to concerns about the overall health of the restaurant
Alphabet, the tech giant, saw a 1% decline in its stock despite beating both top and bottom line expectations in the second quarter. While the company reported earnings of $1.89 per share on $84.74 billion in revenue, investors were disappointed by a miss in revenue from its YouTube advertising segment. Shares of Tesla dipped 4.7%
The sales of previously owned homes in the United States dropped by 5.4% in June compared to the previous month, totaling 3.89 million units on a seasonally adjusted, annualized basis according to the National Association of Realtors. This decrease also represents a 5.4% decline compared to June of the previous year. The slow pace of
Coca-Cola recently adjusted its full-year outlook for 2024, showing positive growth in global demand for its drinks. The company now expects organic revenue growth between 9% to 10%, surpassing its previous forecast of 8% to 9%. In addition, Coke raised its outlook for comparable earnings growth to a range of 5% to 6%, up from
General Motors is on the verge of releasing its second-quarter results, and the anticipation is high. The traditional Detroit automaker is expected to outshine its competitors with stable sales and vehicle prices in the first half of the year. Analysts are predicting earnings per share of $2.75 adjusted and revenue of $45.46 billion. These figures
Berkshire Hathaway, led by Warren Buffett, made the decision to trim its significant Bank of America holding for the first time in over 4 years. This move comes after the bank’s strong performance throughout 2024. The conglomerate sold a total of 33.9 million shares of Bank of America in separate sales conducted on Wednesday, Thursday,
The second-quarter results for Detroit automakers are highly anticipated on Wall Street, with General Motors expected to shine brighter than its counterparts. Analysts predict a strong adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, GM is forecasted to report $45.46 billion in revenue, up by 1.6%
Despite the recent turmoil in the stock market due to macro pressures and geopolitical tensions, top Wall Street analysts are still bullish on certain stocks with strong long-term potential. One such stock is membership-only warehouse chain Costco Wholesale (COST). The company recently announced an increase in its membership fee, a move that was well received
The 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. Some fans of the old game who have spent less time with their XBox and PlayStation in recent years are quickly realizing they’ve got a lot of practicing to do. A