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General Mills, owner of the Haagen-Dazs brand, is expected to report a 7% year-on-year decline in Q1 sales to $4.5 billion, with continued weak demand and a recent yogurt business divestiture weighing on results.
BlackBerry Ltd. reported first-quarter earnings that beat expectations, driven by strong QNX automotive software sales, prompting a 7% after-hours share surge and an upward revision to its full-year revenue guidance.
RH (NYSE:RH) swung to a first-quarter profit, beating Wall Street estimates, as shares jumped 11% on plans to sharply reduce China-based production and offset tariff pressures, while maintaining its annual revenue outlook.
RH shares surged 20% after-hours as the luxury furniture maker unveiled a tariff mitigation strategy, maintained its annual sales outlook, and reported a swing to profit in Q1, with plans to sharply reduce reliance on Chinese imports by expanding US production.