Business
Maybank lifts ROE target to 13-14% by 2030 in new five-year strategy ahead of Q4 earnings
It will invest RM10 billion in its technology, data and AI strategy over the next five years Malaysian lender Maybank on Tuesday (Jan 20)…
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earnings
Business
S&P 500, Dow open near record highs after mixed earnings, inflation data
The S&P 500 and the Dow opened near record highs on Tuesday (Jan 13) after a largely in-line inflation report sustained expectations of…
Business
Western Demand Continues to Boost Boot Barn Sales as Preliminary Q3 Results Exceed Expectations
Boot Barn disclosed late on Friday that its preliminary third quarter results exceeded expectations. Released ahead of its appearance at…
Business
Nike’s North American Sales on the Upswing, But Q2 Results Impacted by China Declines
Shares of Nike Inc. dipped over 4 percent in after-market trading on Thursday despite the company beating earnings estimates and seeing…
Business
Micron forecasts blowout earnings on booming AI market, shares rise 5.7%
MICRON Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by…
Business
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station Sembcorp Industries’…
Business
India's equity mutual fund inflows rebound in November on strong earnings, low inflation
Equity mutual fund inflows into the Indian stock market rebounded after three months in November, as improved corporate earnings, stable…
Business
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated…
Business
Ulta Beauty Surpasses Q3 Expectations With $2.9B in Sales, Driven by Fragrance Boom and International Expansion
Ulta Beauty beat Wall Street forecasts on both the top and bottom lines in its third quarter, helped by fragrance, K-beauty and…
Business
Genesco Lowers Guidance After a ‘Meaningful Pullback’ in Sales Following Back-to-School
Genesco is managing expectations for the year after experiencing a noticeable slowdown in sales after back-to-school in the third quarter.…
Business
Industrial developer Soon Hock likely to benefit from S$1 billion earnings pipleline: UOB KayHian
UOB also expects attractive dividend yields of 5.5 per cent and 10 per cent for 2025, 2026 UOB Kayhian initiated coverage on industrial…
Business
China earnings miss casts doubt on Xi’s bid to end deflation
Beijing’s campaign to rein in price wars and blunt deflation has done little to lift third-quarter earnings, leaving investors short on…
Business
What to know about the new Kohl’s CEO: Michael Bender takes over after leadership drama, ahead of earnings
Kohl’s announced on Monday that interim CEO Michael Bender will become the ailing retailer’s permanent new CEO—making him the third chief…
Business
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s stellar results…
Business
Shoe Carnival See Sales Dip in Q3, But Benefits of Shoe Station Conversion Come Into Focus
Shoe Carnival gave a deeper look at its rebanner strategy on Thursday during its third-quarter earnings report. The Fort Mill, S.C.-based…
Business
Klarna beats third-quarter revenue estimates in first earnings report after IPO
Growth in U.S. markets helped Swedish fintech firm Klarna to achieve a 26% jump in third-quarter revenue, beating expectations in its…
Business
Home Depot misses third-quarter earnings expectations, cuts outlook
Home Depot‘s third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers, and a housing market…
Business
US: Wall St falls at open with eyes on Nvidia earnings, data
Wall Street’s main indexes fell at the open on Monday (Nov 17), heading into a packed week that includes AI bellwether Nvidia’s results…
Business
‘Tis Retail Earnings Season in the ‘K Economy’
Before the turkey comes out of the oven and the Black Friday doorbusters are set, some of the U.S.’ biggest retailers will turn in their…
Business
SIA reiterates support for Air India despite the drag on earnings
‘This is a long-term investment for us, and we have no disillusion that along the way there will be challenges’, CEO Goh Choon Phong says…
Business
Sally Beauty Surpasses Q4 Estimates
Sally Beauty Holdings beat sales on both the top and bottom lines in its fourth quarter. The Denton, Texas-based retailer’s net sales came…
Business
Venture posts 8.3% fall in Q3 earnings amid softness in consumer tech
The company is ‘ramping up activities for hyperscale data centres’, including network connectivity solutions Technology player Venture…
Business
Shares of JB Foods, Food Empire soar on positive earnings
Shares of food exporters in Singapore JB Foods and Food Empire on Thursday (Nov 13) jumped significantly in early trade following their…
Business
Maybank cuts Sea target price by 9.3% on softer Shopee margins, despite consensus-beating Q3 earnings
Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing…