The Latest Breaking News from NYSE

FDA Allows Import Of 2M Baby Formula Cans Amid Supply Shortage: Reuters

The FDA is easing regulations to allow infant formula imports from Britain, bringing around 2 million cans onto empty shelves by June to ease a nationwide shortage, Reuters reported. The FDA said it was "exercising enforcement discretion" to allow Britain-based Kendal Nutricare to import certain infant formula products under the Kendamil…

Benzinga · May 25, 2022

Benzinga's Top Ratings Upgrades, Downgrades For May 25, 2022

Upgrades Credit Suisse upgraded the previous rating for Molecular Partners AG (NASDAQ:MOLN) from Underperform to Neutral. NoneAt the moment, the stock has a 52-week-high of $32.04 and a 52-week-low of $5.92. Molecular Partners closed at $6.88 at the end of the last trading period.

Benzinga · May 25, 2022

This Day In Market History: NYSE Starts Disclosing Short Sales

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 25, 1931, the New York Stock Exchange began regularly reporting short selling data for the first time.

Benzinga · May 25, 2022

Looking Into Cushman & Wakefield's Return On Capital Employed

According to Benzinga Pro, during Q1, Cushman & Wakefield (NYSE:CWK) earned $45.50 million, a 68.79% increase from the preceding quarter. Cushman & Wakefield's sales decreased to $1.70 billion, a 40.92% change since Q4.

Benzinga · May 25, 2022

NuStar Energy's Return On Capital Employed Insights

Pulled from Benzinga Pro data, NuStar Energy (NYSE:NS) posted Q1 earnings of $57.40 million, an increase from Q4 of 3.5%. Sales dropped to $409.86 million, a 1.81% decrease between quarters.

Benzinga · May 25, 2022

Arrow Electronics Earnings Perspective: Return On Capital Employed

Pulled from Benzinga Pro data, Arrow Electronics (NYSE:ARW) showed a loss in earnings since Q4, totaling $366.00 million. Sales, on the other hand, increased by 0.64% to $9.07 billion during Q1.

Benzinga · May 25, 2022

Dick's Sporting Goods Clocks 7.5% Sales Decline In Q1; Cuts FY22 Outlook

Dick's Sporting Goods Inc (NYSE:DKS) reported a first-quarter FY22 sales decline of 7.5% year-over-year to $2.70 billion, beating the consensus of $2.59 billion. Comparable store sales decreased 8.4% versus 117.1% growth a year ago. The gross profit margin contracted 83 basis points Y/Y to 36.47%. The operating margin contracted 273 basis points to…

Benzinga · May 25, 2022

Express Shares Gain Post Q1 Earnings

Express Inc (NYSE:EXPR) reported first-quarter FY22 sales growth of 30% year-over-year to $450.79 million, beating the consensus of $435.74 million. Consolidated comparable sales increased 31% versus last year. E-commerce demand grew 21% Y/Y. Comparable retail sales, including Express stores and eCommerce, rose 32%, and comparable outlet store sales increased 30%. Operating expenses rose…

Benzinga · May 25, 2022

CNBC's Final Trades: O'Reilly Automotive, Best Buy, JPMorgan Chase And This 'Top-Notch' Pharma Stock

On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower chose Johnson & Johnson (NYSE: JNJ), saying that it’s “a top-notch pharmaceutical business.&rdq

Benzinga · May 25, 2022

Why Dick's Sporting Goods Stock Is Falling

Dick's Sporting Goods Inc (NYSE: DKS) shares are trading lower Wednesday morning after the company reported financial results and issued weak guidance.

Benzinga · May 25, 2022