( ) stock tumbled late Tuesday despite the computer hardware company reporting fiscal fourth quarter earnings that met expectations and better-than-expected sales. The company's profit guidance was lower than expected. HP said in a news release that it earned an adjusted 93 cents per share on sales of $14.05 billion, up 1.7% year-over-year, for the October-ended quarter. Analysts polled by FactSet projected the Palo Alto, Calif.-based company would post adjusted earnings of 93 cents per share on sales of $13.99 billion. For the same period a year earlier, HP posted adjusted earnings of 90 cents per share on sales of $13.82 billion. "We are pleased with our Q4 performance where we saw revenue growth for the second consecutive quarter, driven by steady progress in Personal Systems and Print," President and CEO Enrique Lores said in a news release. For the current quarter, HP guided for adjusted earnings of 73 cents per share at the midpoint of its range. Analysts were projecting 85 cents per share adjusted earnings for the January-ending quarter, according to FactSet. HP said in a news release that its guidance excludes 13 cents per share "primarily related to restructuring and other charges." On the , HP stock shed more than 7% to 36.09 in recent after-hours action. HP Stock Up 30% This Year Prior to earnings, HP stock fell a half-percent in regular Tuesday trading. Shares have gained 30.4% this year, helped by optimism that AI will help restart following an industry slump in 2022 and . HP's previous July-ended quarter ended a streak of eight quarters where sales declined. Coming into the report, HP stock had an IBD Composite Rating of 55 out of 99, according to . The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better. Further, HP's IBD Relative Strength Rating was 81 out of 99. The RS Rating means that HP has outperformed 81% of all stocks in IBD's database over the past year. HP stock broke out above a 39.52 consolidation pattern buy point on Monday but closed below that level Tuesday, according to .Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. Story continues below video The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.Israeli expert seeks new crime against humanity for waging 'kinocide'
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S dollar rose against some currencies after U.S. President-elect Donald Trump pledged to impose new tariffs on imports from Canada, Mexico and China, while MSCI’s global equity index was higher after the release of the Federal Reserve’s latest meeting minutes. The minutes from the meeting earlier this month showed officials divided over how much farther they may need to cut interest rates, but in agreement about avoiding concrete guidance. “With the stock market, no surprises is good news. The market likes certainty above anything else,” said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas. “Overall, Fed policymakers are still supportive of a careful approach. ... They didn’t say anything hawkish.” On Wall Street, at 3:11 p.m. (2011 GMT) the Dow Jones Industrial Average rose 82.93 points, or 0.19%, to 44,819.50; the S&P 500 rose 26.92 points, or 0.45%, to 6,014.29; and the Nasdaq Composite rose 86.47 points, or 0.45%, to 19,141.31. By late afternoon MSCI’s gauge of stock markets across the globe had also turned higher and was up 0.71 point, or 0.08%, to 858.46. Europe’s STOXX 600 index earlier closed down 0.57%. While it was below its session high the dollar was still up against the Mexican peso and Canadian dollar in afternoon trading. Trump, citing concerns over illegal immigration and illicit drug trading, had said earlier that he would put a 25% tariff on products from Mexico and Canada, and an additional 10% tariff on goods from China. He had previously threatened to slap tariffs in excess of 60% on Chinese imports. But investors toned down their initial reactions to the tariff threat and appeared to view it as a “negotiation tool,” according to McKinney. However, U.S. Treasury yields rose on Tuesday, as Monday’s sharp bond rally lost momentum as the tariff announcement undid some of the investor optimism from Trump’s selection late last week of Scott Bessent as Treasury secretary. The yield on benchmark U.S. 10-year notes rose 4.3 basis points to 4.306%, from 4.263% late on Monday while the 30-year bond yield rose 3.6 basis points to 4.4828%. The 2-year note yield, which typically moves in step with interest rate expectations, rose 0.6 basis point to 4.258%, from 4.252% late on Monday. In currencies, the Mexican peso weakened 1.69% versus the dollar and the Canadian dollar weakened 0.55% versus the greenback. While the euro was down 0.18% against the dollar at $1.0475, against the Japanese yen, the dollar weakened 0.73% to 153.08. Oil prices settled lower, slightly extending Monday’s losses in choppy trade after news of an agreement for a ceasefire between Israel and Lebanon, reducing oil’s risk premium. U.S. crude settled down 0.25% at $68.77 a barrel and Brent ended at $72.81 per barrel, down 0.27% on the day. Bitcoin fell 2.06% to $91,758.00, adding to Monday’s losses after last week hitting a record high at $99,830. The token had benefited from speculation of an easier regulatory environment for cryptocurrencies under Trump. In precious metals, gold prices were caught in a tug-of-war, dipping to a week low as safe-haven demand softened with news of the ceasefire, while concern over Ukraine and Trump’s tariff plans added some support. Spot gold rose 0.18% to $2,629.86 an ounce while U.S. gold futures rose 0.34% to $2,625.60 an ounce. (Reporting by Amanda Cooper in London, Sinéad Carew in New York, Kevin Buckland in Tokyo and Ankur Banerjee in Singapore; Additional reporting by Stella Qiu; Editing by Bernadette Baum, Mark Potter and Jonathan Oatis) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo’s game-ending 29-yard field goal , and the Minnesota Vikings outlasted the Chicago Bears 30-27 on Sunday after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight and fell to 5-18 in one-possession games under coach Matt Eberflus, who is 14-31 in 2 1/2 seasons. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired. Chicago won the coin toss, but Williams was sacked for a 12-yard loss on second down, leading to a three-and-out. The Vikings took over at the 21, and Darnold led a 10-play drive, overcoming a sack and two penalties. Darnold connected with Hockenson for a 29-yard completion that put the ball on the 9. He took a knee and then Romo nailed the winner. Darnold surpassed his previous season high of 19 touchdown passes with a 2-yarder to Addison on the first play of the second quarter, and he made it 14-7 with a 5-yard score to Jalen Nailor late in the first half. He completed 22 of 34 passes. Aaron Jones ran for 106 yards and a score for the Vikings. Minnesota Vikings defensive tackle Jerry Tillery, top center, blocks a field goal attempt by Chicago Bears place kicker Cairo Santos during the first half of an NFL football game Sunday, Nov. 24, 2024, in Chicago. (AP Photo/Charles Rex Arbogast) AP Williams was 32 of 47 with a 103.1 passer rating in his second straight solid performance since Thomas Brown replaced the fired Shane Waldron as offensive coordinator. Moore caught seven passes for 106 yards and a touchdown, and Allen added 86 yards receiving and the late TD. Vikings: LB Ivan Pace Jr. (hamstring) and LT Cam Robinson (foot) left in the first quarter. ... Darnold missed two plays after he was hit by Gervon Dexter Sr. on a pass play with about 6 1/2 minutes. Vikings: Host Arizona next Sunday. Bears: Visit Detroit on Thanksgiving. AP NFL: https://apnews.com/hub/NFL More sports news No. 5 UCLA ends No. 1 South Carolina’s win streak at 43 games Northwestern women blank Saint Joseph’s to win 2nd national field hockey title Penn State wrestlers ring up 9 titles, 185.5 points at Army Black Knight Invitational Penn State report card for Minnesota: Opportunistic Lions climb out of early hole to finish 5-0 on the road
ST. GALLEN, Switzerland, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that Craig Felenstein, the Company’s Chief Financial Officer, will participate in the Morgan Stanley Consumer & Retail Conference on Wednesday, December 4 th , 2024. The fireside chat will take place at 2:15 pm eastern time. The webcast can be accessed at investors.sportradar.com. About Sportradar Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports, media and betting industries, the company provides sports federations, news media, consumer platforms and sports betting operators with a best-in-class range of solutions to help grow their business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga, Sportradar covers close to a million events annually across all major sports. With deep industry relationships and expertise, Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocacy for an integrity-driven environment for all involved. For more information about Sportradar, please visit www.sportradar.com CONTACT: Investor Relations Contact: Jim Bombassei j.bombassei@sportradar.com Press Contact : Sandra Lee press@sportradar.com
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CHICAGO (WLS) -- The holiday shopping season is here and now's the perfect time to get some of the best deals. From must-have beauty products to rejuvenating self-care essentials, lifestyle expert Nekia Nichelle visited ABC 7 to share gift ideas to help your loved ones feel and look their best. 1. Giftly : Giftly allows flexible, multi-brand digital gifting. Their new MultiPlace Gifts blend local and national brands, offering customized experiences with AI-powered local recommendations. They offer personalized options for all recipients, from foodies to families. 2. SmartSKN : The Muilli AI Dermascope from SmartSKN is an AI-powered portable skin analyzer for home and professional use. The cutting-edge Korean technology features 60x magnification and a Bioimpedance sensor. No more guessing skincare solutions: AI robots create 25,000+ formulas for clean, plant-powered ingredients, that are perfect for all genders and ages. 3. Yep. Cosmetics : The XL Eyelash Serum from Yep. Cosmetics gives you natural, longer-looking, fuller lashes in only six weeks. Red Clover extract, vitamins, peptides and amino acids boost and nourish lash follicles. It's made with clean ingredients, and is paraben-free, vegan and cruelty-free. It's also safe to use with contact lenses or lash extensions. There's a 90-Day Satisfaction Guarantee or your money back. 4. Moss Pure : Other moss art is made of preserved moss. But Moss Pure is the world's first and only company to use 100% living moss. No watering, sunlight, or maintenance is needed. Living moss lasts indefinitely, with Moss Pure's scientifically certified air filter. The moss captures 30% of carbon dioxide daily for stress and allergen relief. It makes the perfect holiday gift for health and wellness, that is stylish and beautiful. You can find more information about these products at www.justnlife.com .
Microchip Technology revises revenue outlook, plans fab closure; shares drop