Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide

By Yasin Ebrahim Investing.com — Whirlpool reported third-quarter results that missed on both the top and bottom lines and the appliance maker cut its outlook on full-year earnings amid rampant inflation and slowing demand.  Whirlpool Corporation (NYSE:) was down more than 5% in afterhours trading following the news.  The company adjusted EPS of $4.49 on … Read more

Victoria’s Secret Sees Q3 Earnings at High End of Guidance; Shares Climb

By Yasin Ebrahim Investing.com — Victoria’s Secret climbed in afterhours trading Wednesday after the lingerie retailer said it expected earnings to be towards the high end of its guidance.  Victoria’s Secret & Co (NYSE:) climbed more than 3% in aftermarket hours following the news. The company said it expected both earnings and operating margins to be towards the … Read more

Europe Stocks Head Lower on BoE Confusion, Philips Guidance Cut

By Geoffrey Smith  Investing.com — European stock markets steadied after a shaky start on Wednesday after some weak and high-profile updates from companies across the region combined with the general uncertainty over the Bank of England’s next moves to dampen market sentiment.  By 04:45 ET (08:45 GMT), the benchmark index was down 0.2 points or … Read more

Leggett & Platt Shares Plunge 8% on 2022 Guidance Cut By Investing.com

© Reuters. By Davit Kirakosyan Leggett & Platt (NYSE:) shares plummeted more than 8% after-hours following the company’s 2022 EPS and revenue guidance cut. The company lowered its fiscal 2022 Sales guidance to $5.1-$5.2 billion from $5.2–$5.4 billion, primarily due to lower volume than previously expected. The consensus estimate stands at $5.32 billion. Full-year EPS … Read more

Rivian Reiterates Production Guidance; Truist Reiterates Buy Rating By Investing.com

© Reuters By Michael Elkins Truist Securities reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ:) after the electric vehicle company released its 3Q sales and delivery numbers for the month of September. Rivian reportedly produced about 7.4K vehicles in the month, compared to the street estimate of 8.6K. Deliveries came … Read more

Jabil Rises After Topping FQ4 Estimates, Offers ‘Robust’ Guidance By Investing.com

© Reuters. By Senad Karaahmetovic  Jabil (NYSE:) is up over 4% in premarket trading after the manufacturing services company reported better-than-expected FQ4 results and FQ1 guidance. Jabil an EPS of $2.34 on revenue of $9 billion to easily top the analyst consensus of $2.14 on sales of $8.39 billion. For this quarter, the company is calling … Read more

Lennar Corp Reports Q3 Beat, Provides Guidance By Investing.com

© Reuters. By Davit Kirakosyan Lennar Corp. (NYSE:) reported its , with EPS of $5.18 coming in better than the consensus estimate of $4.86. Revenue grew 29% year-over-year to $8.9 billion, compared to the consensus estimate of $8.97 billion. Deliveries grew 13% year-over-year to 17,248 homes. New orders decreased 12% to 14,366 homes, with new … Read more

Salesforce Gains on Strong LT Guidance, KB Home Falls Post EPS By Investing.com

© Reuters. After-Hours Stock Movers: DBV Technologies (Nasdaq: DBVT) INDICATED 20%+ LOWER; announced that it received feedback from the U.S. Food and Drug Administration (FDA) in the form of a partial clinical hold on its VITESSE (Viaskin Peanut Immunotherapy Trial to Evaluate Safety, Simplicity and Efficacy) Phase 3 clinical study. H.B. Fuller (FUL) 3% HIGHER; … Read more

Cognex Up on Guidance Hike, Ford Falls on Inflation Pressures By Investing.com

© Reuters. After-Hours Stock Movers: Cognex Corporation (CGNX) 4% HIGHER; increased its revenue guidance for the third quarter of 2022 ahead of the company’s triennial Analyst Day. The company now expects revenue to be between $195 million and $205 million as compared to the company’s previous guidance of $160 million to $180 million, which was … Read more

Dow Futures Trade Lower As FedEx Withdraws Guidance

By Oliver Gray  Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages resumed declines during the regular session amid growing fears of a global recession while traders absorbed an ugly earnings warning from FedEx Corporation (NYSE:). By 7:15pm ET (11:15pm GMT) were down 0.5% while and fell 0.7% … Read more