General Motors Co. stock closed down nearly 6 percent Tuesday, following a Wall Street analyst’s warning to investors that he was cutting his profit outlook for the Detroit automaker and his stock price target to $27 a share, from $29. …
The author is a Reuters Breakingviews columnist. The opinions expressed are his own. There’s a bubble in U.S. stocks – but it’s in profitability, not valuation metrics. The S&P 500 Index trades at 14 times historical earnings, so the valuation ...
Compass Minerals slid 13.5 percent to $60.10 Friday after the mining company cut its annual profit forecast after a partial ceiling cave-in at a rock salt mine in Ontario that will slow operations for six weeks.
Wall Street’s main stock indexes suffered their worst week in two years as bond yields soared and renewed fears of inflation gripped investors. But amid the sell-off, corporate earnings forecasts keep improving. Forecasts for earnings, …
Apple on Wednesday reported the kind of quarter most big companies would envy, posting a profit of $13.1 billion and selling 28 percent more iPhones and 48 percent more iPads, its two biggest products, Nick Wingfield reports in …
NEW YORK -- U.S. stock indexes fluttered Thursday, then ended the day slightly above where they started. The modest gains were enough to nudge the Nasdaq composite to another record and the Standard & Poor's 500 index to …
The equities market extended losses from the previous trading session yesterday, as heavy share prices suffered by virtually all the blue chip stocks depressed market indices further by N187billion. Yesterday, the All-share index, which …
Millions of consumers may be furious at Equifax after the massive hack, but few have heard of Richard F. Smith. As the company’s CEO for the last 12 years, he’s presided over massive growth in revenue, profit and share price. As a …