with more than half of the index reporting results. Companies have largely surprised to the upside, with the index pacing at earnings growth of 5.5% this quarter, per Evercore ISI.) stock rose more than 10% on the day following its earnings report despite the company missing Wall Street 's expectations for both revenue and earnings per share in the prior quarter.
The low-cost airline carrier announced it expects revenue in the current quarter to fall in a range of 6.5% to 10.5%, potentially more than double analyst estimates of a 3.8% drop. Full-year revenue is expected to fall to the low single digits compared to the prior expectation of flat sales., sank by double digits after the company reported revenue slightly below Wall Street's estimates for the prior quarter.
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.
Source: News Formal (newsformal.com)
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