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Macroeconomic Environment

All articles tagged with #macroeconomic environment

business1 year ago

UiPath Stock Crashes 30% Following CEO Departure and Weak Sales Guidance

UiPath's stock plummeted nearly 30% in premarket trading after the company announced the sudden departure of CEO Rob Enslin and provided weak sales guidance for the current quarter, citing a challenging macroeconomic environment and leadership transition. Co-founder Daniel Dines will return as CEO, and the company revised its full-year revenue forecast downward. Investors are watching if the stock can hold above the $14 support level.

via Investopedia|
#business#ceo-departure#macroeconomic-environment
business1 year ago

Lowe's Faces Tough Macro Backdrop with Downbeat Sales Forecast

Lowe's reported fourth-quarter revenue that beat expectations but saw a 6.2% decline in comparable sales, attributing it to a decrease in consumer home renovation projects. Despite the challenging macroeconomic backdrop, the company managed to control expenses and increase gross margins, leading to a positive market response. Analysts expect the recovery timeline to extend into 2024 and anticipate continued decline in same-store sales, with a focus on growing the pro-business to improve overall performance.

via Yahoo Finance|
#business#consumer-spending#earnings-report
business2 years ago

Dow's Q2 profit plummets, signaling a bleak second half

Dow reported a 70% drop in second-quarter profit due to lower product prices and weak sales volumes, while warning of a challenging macroeconomic environment in the second half of the year. Manufacturing activity in the US and Europe continued to decline, and Dow expects third-quarter net sales to be lower than expected. The company's net sales fell to $11.4 billion from $15.7 billion, indicating weak demand for its products. Dow posted a net income of $501 million, beating estimates, and is on track to deliver its cost-saving target for the year.

via Reuters|
#business#cost-saving-efforts#dow