(Reuters) – MGM Resorts International beat Wall Street profit estimates for the second quarter on Wednesday, as visitor rebound in China surpassed pre-pandemic levels. However, costs for casino operations, hotel…
(Reuters) – MetLife on Wednesday reported second-quarter profit above expectations as a rally in U.S. markets boosted returns from the insurer’s investments. Wall Street has rebounded this year on hopes…
(Reuters) – C.H. Robinson Worldwide missed quarterly estimates for sales and profit on Wednesday as the logistics company struggled with waning demand and lower pricing for its services. The global…
(Reuters) – Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more…
(Reuters) – Equinix forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as businesses curtail spending in an uncertain economy. Shares of…
(Reuters) – Navigation equipment maker Garmin beat market estimates for second-quarter revenue and profit on Wednesday, thanks to strong growth in its auto and fitness businesses. The company has been…
(Reuters) – Auto parts supplier BorgWarner reported second-quarter results on Wednesday that beat analysts’ estimates, helped by sustained demand from automakers ramping up output. The Michigan-based company, whose customers include…
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares…
(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers…
(Reuters) – Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price…
By Manya Saini (Reuters) -Investment bank Lazard’s profit topped Wall Street expectations in the second quarter, and executives said that they were seeing early signs of a prolonged slump in…
(Reuters) – Textron Inc raised its full-year adjusted earnings per share forecast on Thursday, as stronger pricing of business jets and military helicopters continues to offset inflationary costs and drive…
By Akash Sriram and Max A. Cherney (Reuters) -Chip-making tools supplier Lam Research forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled…
(Reuters) – Raymond James missed quarterly profit estimates on Wednesday as Wall Street’s prolonged dealmaking slump impacted its investment banking business, sending its shares down 2% in extended trading. Investment…
(Reuters) – Liftmaker Otis Worldwide posted second-quarter revenue and profit above analysts’ estimates on Wednesday, fueled by sustained demand for escalators and elevators in residential and commercial projects. The Connecticut-based…
(Reuters) – Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue, helped by higher prices and as demand held up for groceries and drugs. The company’s revenue…
By John Revill (Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday, sending its stock sharply higher. The maker…
(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on…
(Reuters) – Dover Corp on Tuesday forecast annual profit largely below Wall Street expectations and missed second-quarter estimates, as manufacturing and shipment disruptions due to a system upgrade hit the…
(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research services. Customer demand for the…
(Reuters) – PulteGroup Inc beat Wall Street estimates for second-quarter profit and revenue on Tuesday, as strong demand for affordable housing and tight resale inventory boosted new home sales. Existing…
(Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% in premarket trading. U.S. inflation…
(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans. Largely positive…
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks…
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates.…