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Tapestry Inc. (TPR) reported fiscal Q2 net income of $310.4 million, EPS of $1.38, and revenue of $2.2 billion, surpassing analysts' expectations. Full-year earnings are projected at $4.85-$4.90 per share, and revenue at $6.85 billion.
Published on: February 06, 2025, 12:05 PM UTC
Omnicell Inc. reports stronger-than-expected earnings in the fourth quarter, with revenue also exceeding forecasts.
Published on: February 06, 2025, 12:05 PM UTC
Hilton Worldwide forecasts 2025 profit below estimates due to weak US leisure travel demand, particularly among low- to middle-income consumers facing inflation.
Published on: February 06, 2025, 12:04 PM UTC
Siemens Healthineers CEO sees "very positive" impact from potential stake reduction by parent Siemens, aiming for higher free float for long-term company and share value.
Published on: February 06, 2025, 12:04 PM UTC
Industrial conglomerate Honeywell will split into three independent companies focused on automation, aerospace, and advanced materials, unlocking value for shareholders and customers.
Published on: February 06, 2025, 12:04 PM UTC
US Stocks Rebound: Earnings Miss, Nvidia Surge, And Treasury Yield Fall
Published on: February 06, 2025, 12:03 PM UTC
Legal battle between Elon Musk and OpenAI CEO Sam Altman over the future of OpenAI expected to last until 2027, with a jury trial likely.
Published on: February 06, 2025, 12:02 PM UTC
Vanguard has announced significant fee reductions across its mutual funds and ETFs, averaging 20%. This move has lowered Vanguard's overall expense ratio to an industry-leading 0.07%. Experts highlight the positive impact on investors' long-term returns, as lower fees allow for more compounding of investment gains. Despite already having low fees, Vanguard's strategic move could trigger fee competition within the industry. By aiming for cost minimization, Vanguard aligns with its founder's philosophy of maximizing investor returns.
Published on: February 06, 2025, 12:02 PM UTC
Ford CEO warns that 25% tariffs would "wipe out" auto industry profits and hurt jobs. Farley said that tariffs would mean higher prices for customers and could inject chaos into auto supply chains. GM CEO Mary Barra also warned that tariffs could unnerv investors.
Published on: February 06, 2025, 12:01 PM UTC
New poll reveals widespread Canadian support for export taxes on oil to retaliate against US President Trump's tariffs, potentially giving Prime Minister Trudeau's government leverage in trade negotiations.
Published on: February 06, 2025, 12:01 PM UTC