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Added on the 25/04/2019 16:22:49 - Copyright : Wochit
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Merck posted better than expected sales and profit. The company getting a boost from its diabetes drug Januvia, but strong dollar concerns linger. Shartia Brantley reports.
An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th. However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market. According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package. However, no progress will be made until a clear winner of the election is determined. We in the options market think about tail events, my worry now is that maybe a situation coming up where there is not a clear winner for a while. Amy Wu Silverman, Head of Derivative Strategies RBC Capital Markets A tail event is an unpredictable and rare market outcome that could come as a shock to investors.
Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July. Bobbi Rebell reports.
General Electric reported higher-than-expected first quarter profit, but there are concerns about revenue, which fell. Bobbi Rebell reports.
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