The U.S. new-vehicle market streak of annual gains ended at seven, as 2017 posted a slight 1.8% decline. There’s nearly a full calendar left for 2018 to plot its own course, but initially analysts.
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However, the percentage of new homes sales remains well below the pre-recession average of 24%. Figure 6: New Homes Sales as a Percent of Home Sales Sources: National Association of Realtors, and U.S.
U.S. refiner Marathon Petroleum Corp beat estimates for quarterly profit on Thursday, benefiting from better-than-expected earnings from its refining segment as well as higher sales in its gas.
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The big-box home décor retailer stubbed its toe leading up to Black Friday but has gotten back on track. It has some upcoming costs to comply with accounting changes and a new distribution center.
CONFIDENCE BOOST: U.S. homebuilders are feeling more confident about their sales prospects this month, according to a new survey. The National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday has a reading of 62. That’s an increase of four points from last month’s index and the highest reading since October.
Lumentum Holdings Inc (NASDAQ:LITE) issued its earnings results on Thursday, August, 8th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. The technology company had revenue of $404.60 million for the quarter, compared to analyst estimates of $383.54 million.
· Revenue at the company’s enterprise, embedded and semi-custom segment dropped 17 percent to $441 million, but beat analysts’ estimate of $410.2 million, according to FactSet. Net income fell to $16 million, or a penny per share, in the three months ended March 30, from $81 million, or 8 cents per share, a year earlier.
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The company’s earnings have surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 11.7%. Moreover, it has a Zacks Rank #2 and an Earnings ESP of +0.89%.
WASHINGTON, June 14 (Reuters) – U.S. retail sales. January-March period. That together with a third report showing a utilities-led rebound in industrial production last month prompted the Atlanta.