Leju Q1 Loss Narrower-Than-Expected

Leju Q1 Loss Narrower-Than-Expected

Leju Holdings, a real estate services provider in China, reported a Q1 adjusted net loss of $0.18 per share, wider than the loss of $0.04 per share in the same period a year ago. Analysts polled by Capital IQ expected a loss of $0.21 per share. Total revenues of $68.3 million were down from $113 million in the same period a year ago and topped the Street projection of $65.3 […]

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Herbalife Lowers Second-Quarter Sales Forecast

Herbalife Lowers Second-Quarter Sales Forecast

Herbalife, a US company selling nutrition supplements and weight management products, has cut its sales prediction for this quarter, citing a transition in the US to a new way of recording sales transactions, softer trends in Mexico as well as a “challenging” comparison with record volumes in the same period a year earlier. “The company believes that the second quarter of 2017 will be the most challenging quarter of the […]

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HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI Reports Q3 Beat; Sees FY16 EPS Above, FY17 EPS In Line with Street

HNI (HNI) rose marginally in Wednesday’s late trading after the company reported financial results for Q3, with better-than expected earnings and revenue; it also provided guidance for Q4, fiscal 2016 and fiscal 2017. For the quarter ended Oct. 1, the provider of office furniture and hearth products posted Q3 non-GAAP earnings of $0.80 per share, compared with the prior-year period’s $0.93 per share. Analysts polled by Capital IQ were expecting […]

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Consumer Stocks Maintain Much of Day-Long Advance

Consumer Stocks Maintain Much of Day-Long Advance

Consumer stocks were higher shortly before Friday’s closing bell, with shares of consumer staples companies adding about 0.6% while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.8%. In company news, Dicks Sporting Goods (DKS) was narrowly higher this afternoon, with the retailer’s shares reversing a morning and early-afternoon retreat that followed reports it won an auction to buy the U.S. business of Golfsmith International Holdings […]

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Bonds End Mixed – 10-Year 1.735%

Bonds End Mixed – 10-Year 1.735%

U.S. Treasuries ended the week mixed with the long bond leading while the shorter end lagged as the curve trade dominated the quiet, low-volume session. Traders were preparing for a run of Treasury auctions in the week ahead as well as anticipated new corporate debt. Prices were pressured late as San Francisco Federal Reserve President John Williams called for gradual near-term rate hike hikes in a late local speech, airing […]

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