Shares of Dollar General (NYSE: DG) were up on Thursday. The leg up comes amid broader market weakness, with the S&P 500 (SNPINDEX: ^GSPC) down 1.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 2%. The discount retailer reported mixed earnings, but set guidance for 2025 that exceeded Wall Street's targets.
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Over the next 16 trading sessions since that high, the overall market value of the U.S. stock benchmark dropped 10% from its peak of $52.056 trillion. The fall puts the index in what market pros call a correction.
Ulta Beauty’s fourth-quarter earnings barreled past analyst estimates, sending the stock higher in after-hour trading Thursday. The cosmetics retailer’s earnings of $8.46 a share for the quarter that ended Feb. 1 came in well ahead of analyst expectations for $7.13 a share, according to FactSet. Net sales fell by 1.9% to $3.5 billion, largely in line with estimates.
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The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The chipmaker posted revenue of $251 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $247.9 million.
The stock market is taking a beating—again. The Nasdaq just hit its lowest level since 2020, the S&P 500 is deep in the red, and investors are scrambling. Recession fears, inflation worries, and policy uncertainty have Wall Street on edge. But Warren Buffett? He's been here before. And if history is any guide, he'd tell you that now is not the time to panic—it's the time to pay attention. Fear Is Your Worst Enemy Buffett has spent decades reminding investors that bad news is often their best opp
DG earnings call for the period ending December 31, 2024.
The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $7.10 per share. The beauty products retailer posted revenue of $3.49 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $3.46 billion.
Wall Street's sell-off hit a new low following President Donald Trump's latest escalation in his trade war. The S&P 500 fell 1.4% Thursday to finish more than 10% below its record, which was set just last month. Professional investors call such a decline a 'correction,' and it's the first for the index since 2023.