US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
(Reuters) – U.S. consumer sentiment rose unexpectedly in March to the highest in nearly three years thanks in part to growing confidence that inflation will keep softening. The University of Michigan’s benchmark…
Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
(Reuters) – WK Kellogg Co, the recently spun-off North American cereal business of Kellanova, beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home…
Emerson Electric misses estimates for fourth-quarter sales, profit
(Reuters) – U.S. industrial conglomerate Emerson Electric Co on Tuesday reported fourth-quarter sales and profit below Wall Street estimates, hit by supply chain disruptions. Shares of the company were down 8.3% in…
GlobalFoundries projects profit above estimates in positive sign for chip market
(Reuters) – Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. The company’s shares rose 4.5%…
Vertex Pharma misses sales estimates on weak demand for older CF treatments
(Reuters) – Vertex Pharmaceuticals missed Wall Street estimates for third-quarter sales on Monday, hurt by weaker-than-expected demand for its older cystic fibrosis (CF) treatments. The drugmaker recorded a 35.4% fall in sales…
Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
(Reuters) – Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. To protect…
Consolidated Edison beats Q3 profit estimates as electricity revenue climbs
(Reuters) – Utility firm Consolidated Edison on Thursday beat third-quarter profit estimates on higher earnings from its electricity segment. The company, which provides electricity in much of the New York City, had…
EOG Resources beats quarterly profit estimates on strong production
(Reuters) -U.S. shale oil producer EOG Resources on Thursday soared past Wall Street estimates for third-quarter profit and raised its annual production forecast amid resilient fuel demand. U.S. WTI crude prices climbed…
Pioneer Natural Resources’ profit falls, but tops analysts estimates
HOUSTON (Reuters) – Pioneer Natural Resources on Thursday said its third quarter profit fell 26% due to lower oil and gas prices, but topped analysts’ estimates on the back of higher production.…
Exelon Q3 revenue beats estimates on Illinois unit strength
(Reuters) – Exelon Corp reported third-quarter revenue that beat Wall Street expectations on Thursday, boosted by strong results in its units that serve customers in Illinois and Pennsylvania. The company said utility…
American Electric Power beats profit estimates on higher rates
(Reuters) – American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions. That helped the company, one of the…
Duke Energy beats profit estimates on higher margins
NEW YORK (Reuters) – Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to…
Fox Corp tops quarterly revenue estimates on growth in television segment
(Reuters) -Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from higher affiliate fees in its television segment that includes its news network. The Fox News parent posted quarterly revenue…
Palantir projects revenue above estimates on demand for AI platform
By Arsheeya Bajwa and Chavi Mehta (Reuters) -Data analytics firm Palantir Technologies forecast fourth-quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients…
Aflac beats estimates for quarterly profit on higher premium income
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments. Its U.S. unit earned net…
Nutrien misses quarterly profit estimates as potash prices plummet
(Reuters) – Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from…
Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown
By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists scale back on travel due to rising costs, uncertain economic conditions and…
Marathon Oil profit tops analysts’ estimates on higher production
By Arathy Somasekhar HOUSTON (Reuters) – Marathon Oil on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices fell, but results beat Wall Street analysts’…
Cognizant forecasts quarterly revenue below estimates on weak corporate spending
(Reuters) – Cognizant Technology Solutions forecast fourth-quarter revenue below Wall Street estimates on Wednesday, as clients tighten their IT budgets in an uncertain economy, sending its shares down more than 3% in…
MetLife beats quarterly profit estimates on robust investment income
(Reuters) – MetLife on Wednesday reported a third-quarter profit that was above Wall Street expectations, as recovery in the U.S. markets boosted the insurer’s return from investments. Wall Street has rallied this…
Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos
(Reuters) – Caesars Entertainment beat third-quarter profit estimates on Tuesday, as steady demand in Las Vegas casinos helped boost revenue. Discretionary consumer spending has been shifting away from goods and towards experiences,…
GE HealthCare beats quarterly profit estimates on imaging device demand
(Reuters) – GE HealthCare Technologies Inc on Tuesday beat Wall Street expectations for third-quarter profit as a continued recovery in demand for surgical procedures boosted sales of its medical devices. Demand for…
Juniper Networks beats revenue estimates on strong enterprise spending
(Reuters) – Juniper Networks beat estimates for third-quarter revenue on Thursday as it benefited from higher network spending by cloud computing clients, sending its shares up 5% in extended trading. The results,…
Capital One beats profit estimates on interest income boost
(Reuters) – Capital One Financial on Thursday sailed past estimates for third-quarter profit as the consumer lender charged higher interest rates on loans, sending its shares up more than 4% in extended…
Honeywell beats profit estimates on aviation boost
(Reuters) – Honeywell International Inc on Thursday posted a better-than-expected quarterly profit, helped by strong performance in its aviation unit. Sales at the company’s aerospace business rose 18% on an organic basis…
IBM’s third-quarter results beat estimates on resilient software demand
By Chavi Mehta (Reuters) – IT software and consultancy services provider IBM reported third-quarter revenue and profit above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions. Shares…
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