RH to restate quarterly results after errors in earnings-per-share calculations
RH, the retailer formerly known as Restoration Hardware RH, -0.99%, said in a filing late Friday that it will restate per-share earnings results for several periods after it found mistakes in the way it accounted for some pretax losses related to debt payments. RH also updated its fiscal 2022 revenue outlook, saying it expects a […]
A pre-jobs data bet may have have netted trader $10 million profit, report says
A big fed-funds futures bet placed just before the release of what turned out to be a blowout U.S. January jobs report may have netted a trader a profit north of $10 million, Bloomberg reported Friday. The trader sold the January 2024 fed-funds futures contract FFF24, -0.26%, the report said, with the trade completed through […]
Omicron subvariant that’s dominant in U.S. extends lead over other variants in latest week, CDC data shows
The omicron subvariant that became dominant in the U.S. several weeks ago continued to extend its lead over other variants in the latest week, according to Centers for Disease Control and Prevention data that was updated on Friday. XBB.1.5, the omicron sublineage that first emerged in small numbers in October, accounted for 66.4% of cases […]
TotalEnergies reveals $3.1 billion exposure to Adani
TotalEnergies, the French-headquartered energy giant, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, becoming the first western company to outline its exposure to the company which has shed billions of dollars in market capitalization. In a statement posted on its website Friday, the multinational oil giant outlined the […]
Opinion: Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?
Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. […]
This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The […]
BT pretax profit falls, but backs annual guidance
BT Group PLC said Thursday that nine-month pretax profit fell due to increased depreciation that offset earnings before interest, taxes, depreciation and amortization growth. The U.K. telecommunications company BT.A, +2.58% said revenue for the period to Dec. 31 was 15.59 billion pounds ($19.29 billion) compared with GBP15.68 billion a year earlier as the BT Sport […]
Adani selloff worsens after cancellation of $2.5 billion share sale
Shares of Adani Group companies continued their multi-day plunge Thursday, hours after the Indian conglomerate cancelled an up-to-$2.5 billion share sale amid a record dive in the stock price of its flagship company. Shares of Adani Enterprises 512599, -7.78% were last down 8.8%, a day after the stock fell more than 28% in its biggest […]
Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta META, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion […]
Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts
Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated. Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected […]