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Noticias de UNF
Eventos de UNF
Major Averages Rise as Investors Await Fed Interest Rate Decision
The major averages were higher near noon as investors brace for the Federal Reserve's interest-rate decision and a busy slate of corporate earnings.The Federal Reserve begins its two-day policy meeting with an interest-rate decision due Wednesday. Markets broadly expect policymakers to hold rates steady, although persistent inflation and elevated energy prices have raised expectations for additional tightening next year. Investors will focus on Fed Chair Kevin Warsh's comments for clues about the policy outlook as the central bank balances inflation risks against economic growth.Also of note, the Conference Board Consumer Confidence Index rose by 7.5 points to 91.7 in October, up from 84.2 in September, which the group attributed primarily to improved perceptions of current and expected business conditions.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand AMDwill invest $3B and $1B, respectively, in Meta'sequity offeringCoca-Colaprovided a "beat and raise" report in Q3Boeingreported lower-than-expected Q3 revenue and eased expectations for 737 plane deliveries this yearUPSreported upbeat Q3 results and raised its outlookS&P Globalprovided a "beat and raise" report for Q3 and said it is weighing a spinoff of Capital IQ2. WALL STREET CALLS:Modernadowngraded to Market Perform at William BlairBroadcomupgraded to Buy at DA Davidson after Anthropic S1HubSpotdowngraded to Neutral from Buy at UBSCiti upgraded MercadoLibreto Buy after recent share pullbackAbbottcut to Hold at Argus amid reimbursement uncertainty, competitive pressure3. AROUND THE WEB:Anthropicis aiming to go public the week of November 16, WSJ saysToyotais working on becoming a global robotics powerhouse, hoping to modernize its production lines to compete with China and diversify beyond the auto industry, FT reportsBleecker Street Research is short Roblox, saying "it has become the prisoner of its failings"A U.S. federal judge granted Alibaba'srequest for a preliminary injunction, ordering the US government to not deny Pentagon contracts to companies engaging in lobbying activities for Alibaba, Reuters saysGSKis seeing its return to oncology start to pay off, STAT reports4. MOVERS:MidCap Financialgains after entering into a merger agreement to be acquired by Ares Capital for $2.6BJetBlueincreases after reporting Q3 results and providing guidance for Q4, FY26, and FY27SoFi Technologiesand Pentairhigher in New York after reporting quarterly resultsXylemlower after reporting Q3 results and cutting its guidance for FY26Cintasfalls after Semafor reported the FTC told Cintas-Unifirstthey will sue to block their $5B deal5. EARNINGS/GUIDANCE:Itronreported Q3 results, provided guidance for Q4, and raised its outlook for FY26Ecolabreported Q3 results, with EPS beating consensusHubbellreported Q3 results, with CEO Gerben Bakker noting the company delivered "strong financial performance"Repligenreported Q3 results and narrowed its outlook for FY26PayPalreported Q3 results, provided guidance for Q4, and raised its outlook for FY26INDEXES:Near midday, the Dow was up 63.51, or 0.12%, to 52,425.09, the Nasdaq was up 327.23, or 1.25%, to 26,496.61, and the S&P 500 was up 53.02, or 0.69%, to 7,729.79.
UniFirst Q4 Revenue $645.01M Beats Consensus
Reports Q4 revenue $645.01M, consensus $634.4M. Steven Sintros, UniFirst president and CEO, said, "We are pleased with how we closed the fiscal year with a solid fourth quarter delivering improved growth and profitability. We remain focused on caring for our customers and communities, supporting our Team Partners, and demonstrating UniFirst's compelling value to both new and existing customers."
UniFirst Q3 Revenue $634.4M Beats Expectations
Reports Q3 revenue $634.4M, consensus $627.66M. Steven Sintros, UniFirst president and CEO, said, "We delivered solid growth and profitability in the third quarter, reflecting the continued strength of our service-driven business and the disciplined execution of our team. Our focus remains on taking great care of our customers and communities, supporting our Team Partners, and winning new business by demonstrating UniFirst's compelling value proposition."
UniFirst Shareholders Approve Acquisition by Cintas
UniFirst (UNF) announced that at its special meeting of shareholders held yesterday, an overwhelming majority of UniFirst shareholders voted to approve the company's pending acquisition by Cintas (CTAS). Under the terms of the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share they own. Over 99% of votes cast were in favor of the merger agreement, representing approximately 95% of all outstanding UniFirst shares of common stock and shares of Class B common stock, voting together as a single class. The voting results, as certified by an independent inspector of election, are available on a Form 8-K filed with the U.S. Securities and Exchange Commission. The company continues to expect the transaction to close in the second half of calendar 2026, subject to customary closing conditions and the receipt of certain regulatory approvals.
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