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Stocks @ Night is a daily newsletter that provides a snapshot of the market after hours, shedding light on what to expect the next trading session. The newsletter covers a range of stocks and companies, highlighting their performance and any significant news or developments that may impact their value. In the latest issue of Stocks
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E.l.f. Beauty, a major cosmetics retailer, once again impressed investors by surpassing quarterly estimates with a remarkable 50% surge in sales. The company’s revenue reached $324.5 million in its fiscal first quarter, leading to an upward revision of its full-year guidance. This exceptional growth follows a staggering 76% increase in the same quarter the previous
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Recent reports have shown that credit card debt in America is on the rise, reaching a record high of $1.14 trillion. This increase has been fueled by a variety of factors, including higher average balances per consumer and an increase in delinquency rates. According to experts, consumers are maxing out their credit cards, indicating that
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In a surprising turn of events, Eli Lilly reported second-quarter earnings and revenue that completely shattered expectations. The company not only exceeded projections but also raised its full-year revenue outlook by $3 billion. This unexpected boost in revenue was primarily driven by the exceptional sales performance of their blockbuster diabetes drug Mounjaro and weight loss
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Dolce and Gabbana’s luxury perfume for dogs is causing quite a stir, with concerns raised by some animal welfare organizations. The high-end fragrance, inspired by Fefé, the pet dog of brand-owner Domenico Dolce, comes with a hefty price tag of over $100. While the perfume is marketed as alcohol-free and safe for pets, questions have
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Siemens, a German industrial technology giant, recently announced a better-than-expected quarterly operating profit, totaling 3 billion euros ($3.3 billion) for the quarter ending in June. This figure represents an 11% increase from the same quarter the previous year, surpassing analyst predictions. Despite this positive outcome, comparable orders dropped by 15% year-over-year, reaching 19.8 billion euros.
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In recent years, Italy’s banking sector has undergone significant changes and transformations. Following a sovereign debt crisis and the subsequent government rescue of Banca Monte dei Paschi (BMPS), many are now looking at the Italian banking sector with renewed interest. Analysts believe that Italy might be on the brink of a wave of mergers and
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