Mindblown: a blog about philosophy.
Elliott-stock Goodyear Tire gains as it seeks to shed assets, cut costs under a new CEO
Goodyear Tire (GT), a stock owned by activist hedge fund Elliott Investment Management, gained over 8% in early trading Wednesday after announcing a transformational plan that seeks to shed $2 billion in assets and reduce costs by $1 billion, among other action items. The company also announced that Richard Kramer will retire as Chairman, CEO […]
Elliott-stock Goodyear Tire gains as it seeks to shed assets, cut costs under a new CEO
Goodyear Tire (GT), a stock owned by activist hedge fund Elliott Investment Management, gained over 8% in early trading Wednesday after announcing a transformational plan that seeks to shed $2 billion in assets and reduce costs by $1 billion, among other action items. The company also announced that Richard Kramer will retire as Chairman, CEO […]
TJ Maxx parent sees downbeat holiday earnings as higher costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. The company’s shares, which are up about 16% this year, fell 4% in early trading. The company, […]
TJ Maxx parent sees downbeat holiday earnings as higher costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. The company’s shares, which are up about 16% this year, fell 4% in early trading. The company, […]
TJ Maxx parent sees downbeat holiday earnings as higher costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. The company’s shares, which are up about 16% this year, fell 4% in early trading. The company, […]
TJ Maxx parent sees downbeat holiday earnings as costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos on Wednesday forecast current-quarter profit below Wall Street expectations, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. Shares of the company, which are up about 16% this year, were down about 3% before the […]
TJ Maxx parent sees downbeat holiday earnings as costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos on Wednesday forecast current-quarter profit below Wall Street expectations, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. Shares of the company, which are up about 16% this year, were down about 3% before the […]
TJ Maxx parent sees downbeat holiday earnings as costs weigh
By Granth Vanaik and Juby Babu (Reuters) -TJX Cos on Wednesday forecast current-quarter profit below Wall Street expectations, signaling that spiraling costs were weighing on the off-price retailer’s margins even as it saw steady demand from bargain-hungry customers. Shares of the company, which are up about 16% this year, were down about 3% before the […]
Chegg initiates $150 million accelerated share repurchase
Chegg Inc . (NYSE:CHGG), a prominent player in the connected learning landscape, has announced an accelerated share repurchase (ASR) agreement with Morgan Stanley Bank N.A., valued at $150 million. This strategic initiative, part of the company’s ongoing $2.2 billion securities repurchase program, aims to bolster shareholder value and reflects Chegg’s robust free cash flow generation. […]
TJX earnings beat by $0.04, revenue topped estimates
Investing.com – TJX (NYSE: TJX) reported third quarter EPS of $1.03, $0.04 better than the analyst estimate of $0.99. Revenue for the quarter came in at $13.3B versus the consensus estimate of $13.05B. TJX sees FY 2024 EPS of $3.61-$3.64 TJX’s stock price closed at $92.50. It is up 3.33% in the last 3 months […]
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