Stock Watch

Stock Watch

Close-up photograph of stock market chart

Wendy’s Second-Quarter Earnings Top Street Forecast

Fast-food chain Wendy’s (WEN) reiterated its full-year projections on Wednesday as it reported mixed second-quarter results, with earnings coming in just ahead of predictions while revenue and same-restaurant sales were shy of Wall Street’s expectations. Adjusted earnings rose to $0.18 a share compared with $0.14 a share in the same […]

by × August 7, 2019 × 0 comments

Stock Watch

General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

General Motors Second-Quarter Results Slide Year-on-Year But Best Analysts’ Expectations

General Motors (GM) reported second-quarter results that declined year-on-year as the Chevrolet and GMC parent sold fewer vehicles, but the slide wasn’t as steep as Wall Street expected. Adjusted earnings decreased to $1.64 a share from $1.81 a share previously, while the consensus on Capital IQ was for $1.45 a […]

by × August 1, 2019 × 0 comments

Stock Watch

Dow Shares Lower on Mixed Second-Quarter Results

Dow Shares Lower on Mixed Second-Quarter Results

Dow (DOW) shares were trading lower after the materials-sciences giant reported mixed second-quarter results and cut its planned capital expenditure for the year by $500 million. The Midland, Mich.-based company on Thursday reported per-share operating income of $0.86 for the quarter ended June 30, down from $1.41 in the prior-year […]

by × July 25, 2019 × 0 comments

Stock Watch

Ashtead Plans Share Buyback

Ashtead Plans Share Buyback

Ashtead Group (AHT.L) said that it expects to spend a minimum of 500 million pounds ($628.7 million) on share buy-backs in fiscal 2020 after the British industrial equipment rental firm reported a surge in full year revenue and pre-tax profit. Reported revenue rose to 4.50 billion pounds during the 12 […]

by × June 18, 2019 × 0 comments