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Coty beats quarterly revenue, calls fiscal 2027 'transition year' on business overhaul

Coty beats quarterly revenue, calls fiscal 2027 'transition year' on business overhaul

Aug 19 (Reuters) - Coty on Wednesday posted a surprise increase in fourth-quarter revenue on resilient demand for fragrances and cosmetics, and said fiscal 2027 would be a "transition year" as it conducts a strategic review to focus on its key brands. The company is advancing its "Coty.
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Estee Lauder bets on fragrances and skincare to deliver strong annual profit

Estee Lauder bets on fragrances and skincare to deliver strong annual profit

By Arriana McLymore and Anuja Bharat Mistry Aug 19 (Reuters) - Estee Lauder forecast annual profit above many Wall Street estimates on Wednesday, betting its CEO's turnaround strategy would deliver sustained demand for luxury fragrances and strong performance in major growth market China.
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Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand

Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand

Aug 19 (Reuters) - Analog Devices forecast fourth-quarter revenue and profit above Wall Street estimates on Wednesday, betting on continued demand for its power-management chips used across data centers and industrial applications as AI investments ramp up.
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Target lifts annual forecasts again as Fiddelke's turnaround takes root

Target lifts annual forecasts again as Fiddelke's turnaround takes root

By Juveria Tabassum and Nicholas P. Brown Aug 19 (Reuters) - Target on Wednesday raised its annual sales forecast as efforts to cut prices and freshen merchandise continued to bear fruit, while noting its quarterly profit received a nearly $1 billion boost from tariff refunds.
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Estee Lauder forecasts strong annual profit on resilient fragrance demand

Estee Lauder forecasts strong annual profit on resilient fragrance demand

Aug 19 (Reuters) - Estee Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained demand for premium fragrances and strong performance in key market China, as gains from its CEO's turnaround strategy continue to build.
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Wall St set for higher open after retail earnings; Moderna soars

Wall St set for higher open after retail earnings; Moderna soars

By Avinash P and Purvi Agarwal Aug 19 (Reuters) - The main U.S. stock indexes were on track to open higher on Wednesday after a tech-led selloff in the previous session as investors assessed fresh retailer results, while Moderna's shares skyrocketed following successful vaccine trial results.
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TJ Maxx, Marshalls slowdown shadows TJX earnings beat as spending tapers

TJ Maxx, Marshalls slowdown shadows TJX earnings beat as spending tapers

By Sanskriti Shekhar and Danielle Kaye Aug 19 (Reuters) - TJX Companies on Wednesday reported a slowdown at its TJ Maxx and Marshalls discount apparel chains in the second quarter, overshadowing strong growth in its home goods business and fueling concerns about a pullback in U.S. consumer spending.
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US stock futures steady after tech slump; investors focus on Middle East tensions

US stock futures steady after tech slump; investors focus on Middle East tensions

Aug 19 (Reuters) - U.S. stock index futures were stable on Wednesday following a technology-driven selloff that rocked Wall Street in the prior session as investors turned their attention to the inflation outlook and geopolitical tensions in the Middle East. U.S.
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Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.
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TJ Maxx, Marshalls 'self-inflicted' slowdown clouds TJX earnings beat

TJ Maxx, Marshalls 'self-inflicted' slowdown clouds TJX earnings beat

By Sanskriti Shekhar and Danielle Kaye Aug 19 (Reuters) - TJX Companies on Wednesday reported a slowdown at its TJ Maxx and Marshalls discount apparel chains in the second quarter, overshadowing strong growth in its home goods business and fueling concerns about a pullback in U.S. consumer spending.
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Lowe's second-quarter profit beats on resilient home repair demand

Lowe's second-quarter profit beats on resilient home repair demand

Aug 19 (Reuters) - Lowe's beat second-quarter profit and margin estimates on Wednesday, helped by enduring demand for home repairs after winter.
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Estee Lauder forecasts annual profit above estimates on strong China demand

Estee Lauder forecasts annual profit above estimates on strong China demand

Aug 19 (Reuters) - Estee Lauder forecast annual profit above Wall Street estimates on Wednesday, betting on sustained demand for premium fragrances and strong performance in key market China, as gains from its CEO's turnaround strategy continue to build.