The maker of pork, turkey and other meat products cut its EPS guidance for the fiscal year ending in Oct. to $1.88-$1.96 from $1.93-$2.02 earlier. Wall St. expects $1.99. Hormel Foods (HRL) said it's seeing weak pork products sales and rising costs. Smithfield Foods (SFD) recently said it expected lower profit in '13 amid poor pork products pricing. Hormel fell 3.6% to 39.19.
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
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Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
Google stock soared after parent Alphabet reported first-quarter earnings and revenue that handily beat consensus estimates.
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.