lululemon athletica inc. Announces Second Quarter Fiscal 2024 Results – lululemon + MORE Aug 29th

lululemon athletica inc. Announces Second Quarter Fiscal 2024 Results  lululemonLululemon Cuts Guidance. The Stock Is Rising Anyway.  Barron’sLululemon cuts annual forecasts on tepid U.S. demand, rising competition  The Globe and MailLululemon Trims Outlook Amid Concerns on Demand, Competition  BloombergLululemon cuts annual forecasts on tepid US demand, slower product refresh  Yahoo Canada Finance

Nvidia may have exceeded Wall Street estimates as its profit jumped—buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom—but investors seemed less than impressed.

The company reported a net income of $16.6 billion. (All figures are in U.S. dollars.) Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter.

By comparison, S&P 500 companies overall are expected to deliver just 5% growth in revenue for the quarter, according to FactSet. Still, Nvidia shares slipped nearly 4% in after-hours trading.

Third-quarter revenue expected to reach USD$32.5 billion, company says

Ryan Detrick, chief market strategist at Carson Group, said that despite growing revenue “it appears the bar was just set a tad too high this earnings season.”

“Death, taxes, and NVDA beats on earnings are three things you can bank on,” Detrick said…

More than ever, Canadians are relying on reverse mortgages—a “don’t-pay-till-you-die” option to borrow up to 55% of the appraised value of your home—and the trend is turning conventional wisdom about debt and retirement on its head. While past generations fought hard to avoid debt in their golden years, data from the Office of the Superintendent of Financial Institutions (OSFI)—the federal government agency that supervises and regulates banks, insurance companies, and trust and loan companies—confirms that reverse mortgages are on the rise in Canada, with over $8.2 billion in reverse mortgage debt outstanding at the end of June 2024 (the most recent data available at press time). That’s 18.3% higher than the same month last year, and 39.3% higher than two years ago.

If you’re considering a reverse mortgage as a way to fund or boost your retirement income, there’s a lot to consider. This explainer will take you through the ins and outs of reverse mortgages.

How does a reverse mortgage work?

While a conventional mortgage advances you funds in order to buy a house, a reverse mortgage is just the opposite: It advances you funds from the house you already own…

Big Bank earnings reports highlights
The third-quarter results are in.

National Bank of Canada (NA/TSX): Earnings per share of $2.68, and revenues of $3 billion.

Royal Bank of Canada (RY/TSX): Earnings per share of $3.09, and revenues of $14.63 billion.

Bank of Montreal (BMO/TSX): Earnings per share of $2.64, and revenues of $8.19 billion.

Scotiabank (BNS/TSX): Earnings per share of $1.41, and revenues of $8.36 billion.

Toronto-Dominion Bank (TD/TSX): Earnings per share of $2.05, and revenues of $14.24 billion.

CIBC (CM/TSX): Earnings per share of $1.82, and revenues of $6.60 billion.

National Bank reports $1.03B Q3 profit, up from $830M a year ago

National Bank of Canada reported a third-quarter profit of $1.03 billion, up from $830 million a year ago, helped by strength across its operations. The Montreal-based bank said Wednesday its net income amounted to $2.89 per diluted share for the quarter ended July 31, up from $2.33 per diluted share a year earlier…