The Nasdaq composite lost 0.1% to 10,417.10. The Dow Jones Industrial Average slipped 0.1% to 29,210.85. The S&P 500 gave up 0.3% to 3,577.03 on Wednesday for its sixth daily decline. Wall Street's benchmark S&P 500 ended lower Wednesday after inflation in producer prices edged down but still was near a multi-decade high. The Nikkei 225 in Tokyo sank 0.6%, Hong Kong's Hang Seng tumbled 1.8% and China's Shanghai Composite Index lost 0.3%. Expectations are for 225,000, up slightly from a higher-than-expected 219,000 the prior week. The Labor Department will release the number of new claims for unemployment benefits last week, likely to show that the labor market remains tight. On a year-over-year basis watch for prices climb 8.1% in September, easing back from August’s hotter-than-expected reading of 8.3% thanks to moderating energy costs. The Bureau of Labor Statistics is expected to say the consumer price index rose 0.2% month-over-month in September, slightly above August’s 0.1% pop. Energy Department have cut their demand outlooks. West Texas Intermediate crude futures traded around $87.00 a barrel.īrent crude futures traded around $93.00 a barrel.īoth OPEC and the U.S. Oil prices gained after easing in the previous session on concerns about weakening demand outlook. The major futures indexes suggest a gain of 0.5% when the opening bell rings on Wall Street. equity futures were trading higher ahead of the most anticipated economic report of the week. same store sales increased 2.0% and international same store sales (excluding foreign currency impact) declined 1.8% during the third quarter of 2022. The pizza chain posted revenue of $1.07 billion in the period, which matched Street forecasts. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share. On a per-share basis, the Ann Arbor, Michigan-based company said it had net income of $2.79.The results did not meet Wall Street expectations. General and administrative expenses are seen at $415-$420 million, down from $420-$428 millionĭomino's on Thursday reported third-quarter profit of $100.5 million. Capital expenditures are now forecast at $100 million, down from $120 million previously estimated. The world's largest pizza chain updated its full year guidance on Thursday. Shares of Albertsons surged 8% on the news, while Kroger shares were down marginally.ĭomino's Pizza sees lower costs than previously estimated. In what could potentially be one of the biggest deal in recent years in the retail space, the merger talks come at time retailers and grocers are grappling with soaring costs and supply chain disruptions.Ī potential deal between the two grocers would give the combined company a market valuation of about $47 billion. U.S. grocery giant Kroger Co is in talks to merge with smaller rival Albertsons Companies Inc, Bloomberg News reported on Thursday, citing people familiar with the matter.Ī deal could be reached as soon as this week, the report said, adding that no final decision has been taken and talks could still be delayed or falter.īoth companies did not immediately respond to Reuters' requests for comment on the news. In February, Albertsons' board of directors launched a review of potential strategic alternatives. The Associated Press contributed to this report.Ī possible agreement could reportedly be reached as soon as this week. Ten analysts surveyed by Zacks expected $14.16 billion.įor the current quarter ending in December, Delta expects its per-share earnings to range from $1 to $1.25. The airline posted revenue of $13.98 billion in the period, which also did not meet Street forecasts. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share. The results missed Wall Street expectations. Earnings, adjusted for one-time gains and costs, came to $1.51 per share. On a per-share basis, the Atlanta-based air carrier said it had net income of $1.08. The world's largest airline by revenue said it expects revenue growth of 5%-9% in the December quarter compared to the same period in 2019.įourth quarter earnings per share is estimated at $1.00-$1.25.ĭelta on Thursday reported third-quarter earnings of $695 million. 10, 2021 (Photo: Chris Sweigart/Delta Air Lines)ĭelta Air Lines is rising on a fourth quarter earning outlook. Delta Aircraft at Hartsfield-Jackson Atlanta International Airport, Dec.
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