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…
United Rentals beats profit estimates on strong equipment demand
(Reuters) – Equipment rental company United Rentals on Wednesday beat estimates for third-quarter profit on strong demand for industrial tools as spending on infrastructure and construction projects ramped up. Demand for industrial…
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New York-based company saw robust demand for its…
PulteGroup beats profit estimates on strong demand for pricier homes
(Reuters) – PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing homes.…
Nucor beats quarterly estimates; sees sequential profit drop in Q4
(Reuters) -Nucor Corp on Monday reported a better-than-expected quarterly profit, but said it expects a sequential drop in the current-quarter earnings primarily due to likely lower pricing across all steel segments, particularly…
CSX Corp profit misses Wall Street estimates on weak freight volumes
(Reuters) – U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains. Inflationary pressures and higher…
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings…
Las Vegas Sands beats Wall Street estimates on ongoing tourism recovery in Macau
(Reuters) – Las Vegas Sands Corp reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and…
Prologis beats third-quarter FFO estimates, warns of “negative customer sentiment”
(Reuters) – Warehouse-focused real estate investment trust (REIT) Prologis reported better-than-expected quarterly funds from operations (FFO) per share on Tuesday on higher rental revenue but warned of demand pressures. The company said…
Publicis raises 2023 sales target again as Q3 beats estimates
By Olivier Sorgho (Reuters) – Publicis, the world’s largest advertising group by market value, on Thursday increased its 2023 sales and margin forecasts as it beat expectations in the third quarter, defying…
Japan’s economy running at near full capacity, BOJ estimates show
By Leika Kihara TOKYO (Reuters) – Japan’s economy has recovered and is running near its full capacity in the second quarter, data from the central bank showed on Wednesday, adding to growing…
Adobe forecasts fourth-quarter profit above estimates on AI strength
(Reuters) – Photoshop software maker Adobe forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video editing and…
HPE forecasts fourth-quarter revenue below estimates, shares fall
(Reuters) – Hewlett Packard Enterprise forecast fourth-quarter revenue below Wall Street estimates on Tuesday, at a time when demand for the company’s servers is taking a hit from soft enterprise spending coupled…
Snowflake beats quarterly estimates on strong demand for data management services
(Reuters) – Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of…
Toll Brothers beats profit estimates on higher home sales
(Reuters) – Homebuilder Toll Brothers Inc beat Wall Street estimates for third-quarter profit on Tuesday, as demand for luxury homes in a tighter resale market boosted new home sales. Shares of the…
Embraer optimistic about quarters ahead as Q2 profit blows past estimates
By Gabriel Araujo SAO PAULO (Reuters) -Brazilian planemaker Embraer on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. Francisco Gomes…
Asian companies earnings estimates get boost from consumption hopes
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Analysts are raising earnings estimates for Asian companies for the first time in four months as easing price pressures boost consumption while receding fears…
NYC’s Migrant Crisis Could Cost More Than Trump’s Border Wall Estimates
NYC’s Migrant Crisis Could Cost More Than Trump’s Border Wall Estimates Jennie Taer on August 9, 2023 New York City predicts it will spend $12 billion to house and support migrants through…
Wynn Resorts beats Wall Street estimates on Vegas, Macau strength
(Reuters) – Wynn Resorts on Wednesday reported second-quarter results above Wall Street estimates as strength in its Las Vegas and Macau properties drove growth in gaming, dining and hotel bookings. The casino…
Barrick beats quarterly profit estimates on higher gold prices
(Reuters) -Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its full-year production…
NYSE parent ICE beats estimates but shares fall on mortgage unit outlook
By Pritam Biswas and Laura Matthews (Reuters) – Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the New York Stock Exchange parent more than…
Beer cans maker Ball misses revenue estimates on disruption at major customer
(Reuters) – Ball Corp fell short of Wall Street estimates for second-quarter revenue on Thursday as the world’s largest supplier of beer cans was hit by sales disruption at a major brewer.…
MGM Resorts beats second-quarter profit estimates, but sees higher costs
(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 rooms and…
MetLife beats second-quarter profit estimates on investment strength
(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 that the…
C.H. Robinson sales and profit miss estimates on muted freight demand
(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 shipping industry…
Cognizant projects revenue above estimates, CFO to retire in 2024
(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 than 6%…
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