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Ferguson Maintains FY25 Guidance Amid Tough Market, Q1 Misses Estimates

Ferguson Enterprises Inc. (NYSE:FERG) shares are trading lower after the company reported first-quarter results. The company reported net sales of $7.77 billion, which was 0.8% higher year over year, missing the consensus of $7.83 billion. Organic revenue fell by 0.3%, with a 1.1% negative impact from acquisition growth. Net sales in the U.S. business increased by 0.5%, while that in Canada grew by 6.3%. Gross margin contracted by 10 basis points to 30.1% in the first quarter. Adjusted operating

Why Is Cancer-Focused Chimerix Stock Trading Higher On Tuesday?

On Monday, Chimerix (NASDAQ:CMRX) announced that, following extensive dialogue with the FDA, the company plans to submit a complete New Drug Application (NDA) seeking accelerated approval for dordaviprone for recurrent H3 K27M-mutant diffuse glioma in the U.S. before year-end. A glioma is a tumor that originates in the glial cells of the brain or spinal cord and is the most common primary brain tumor. Chimerix stock is trading higher on a strong session volume of 4.31 million, compared to an ave

AutoZone Q1 Misses Wall Street Marks, But CEO Sees Bright Road Ahead

On Tuesday, Automotive retailer AutoZone, Inc (NYSE:AZO) reported fiscal first-quarter earnings per share of $32.52, missing the Street view of $33.76. Quarterly revenues of $4.28 billion (+2.1% year over year) missed the analyst consensus of $4.30 billion. AutoZone said the company’s same-store sales increased 0.4% (or 1.8% in constant currency), while domestic sales grew 0.3%. Also Read: Booz Allen and Palantir Partner To Drive US Defense Operations The quarter’s gross profit margin was 53.0%,

How To Earn $500 A Month From Macy's Stock Ahead Of Q3 Earnings

Macy’s, Inc. (NYSE:M) will release its third-quarter financial results, before the opening bell, on Wednesday, Dec. 11. Analysts expect the New York-based retailer to report quarterly earnings at 3 cents per share, down from 21 cents per share in the year-ago period. Macy’s projects quarterly revenue of $4.72 billion, compared to $4.86 billion a year earlier, according to data from Benzinga Pro. On Nov. 26, Telsey Advisory Group analyst Dana Telsey maintained Macy’s with a Market Perform and mai

Wall Street Wealth Chiefs See Hottest Money in Private Markets

(Bloomberg) -- Morgan Stanley and Citigroup Inc. wealth executives are seeing private markets increasingly shape their businesses, marking a major shift from liquid assets that historically drove financial markets.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busin