(Reuters) -Tapestry forecast annual profit below estimates on Thursday, as the Coach handbag maker grapples with higher tariff costs, sending the company’s shares down 8% in premarket trading. The company estimates a $160-million hit from the U.S. import duties, which could result in an about 230-basis-point impact on its fiscal 2026 operating margin. Tapestry primarily…
US stock futures edged higher on Thursday as President Trump’s sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.4%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) rose 0.6%….
Investing.com — Ferrari reported second-quarter results that slightly missed expectations, sending the luxury carmaker’s shares roughly 3% in premarket trading Thursday. The company reported earnings per share (EPS) of €2.38, narrowly missing the consensus estimate of €2.40. Revenue for the quarter came in at €1.79 billion, up 4.4% year-over-year, and just under the €1.82 billion…
(Reuters) -American Airlines forecast a bigger-than-expected third-quarter loss on Thursday, as sluggish domestic travel demand result in more unsold seats and an erosion in fares. Shares of the carrier fell nearly 3% in premarket trading. Most U.S. airlines withdrew their financial forecasts in April due to uncertainty caused by President Donald Trump‘s sweeping tariffs and…
GoPro (GPRO) and Krispy Kreme (DNUT) early Wednesday appeared set to be the latest stars of a meme stock resurgence that has swept markets this summer. GoPro stock gained as much as 90% in premarket trading on Wednesday before paring gains to around 40% through the first half hour of the trading day, and Krispy…
The latest entrant to this month’s meme stock craze appears to be Kohl’s (KSS). Shares of the beleaguered retailer rose 37.7% on Tuesday, with the stock at one point getting halted for trade by the New York Stock Exchange for volatility. In premarket trading, Kohl’s stock rose more than 100% at its highs. In a…
(Bloomberg) — NXP Semiconductors NV shares slid in late trading after the chipmaker’s third-quarter forecast was less bullish than some investors had anticipated. Most Read from Bloomberg Revenue in the period will be $3.05 billion to $3.25 billion, the Dutch company said in a statement on Monday. Though the midpoint of that range topped the…