Marsh McLennan beats Q2 profit estimates on interest income boost
(Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported …
Estimates
Snap-on’s profit beats Street estimates on healthy aftermarket business
(Reuters) – Toolmaker Snap-on Inc beat Wall Street estimates for second-quarter profit on Thursday, powered by healthy demand for its repair tools and equipment from …
Fifth Third Bancorp tops profit estimates on strong interest income
(Reuters) – Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. …
Reliance spin-off Jio Financial valued at $20 billion, above estimates
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was …
US Bancorp sees annual net interest income below Wall Street estimates, shares fall
(Reuters) – US Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender’s shares down more than 1% in premarket trading …
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation …
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The …
J.B. Hunt misses profit, revenue estimates hit by weak freight volumes
(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as …
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening …
State Street beats profit estimates as interest income rises
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s …
Cintas beats quarterly estimates on price hikes, easing cost
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms across segments and easing input …
Mexican Pemex estimates platform fire shut in 700,000 barrels of oil
MEXICO CITY (Reuters) – Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf …
Adobe tops quarterly results and forecast estimates driven by AI
By Samrhitha A (Reuters) – Adobe Inc surpassed Wall Street estimates for quarterly results and forecast on Thursday as the Photoshop maker’s efforts to drive …
Hewlett Packard Enterprise misses quarterly revenue estimates
(Reuters) – Hewlett Packard Enterprise Co missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, …
Auto parts retailer AutoZone misses Q3 sales estimates on inventory pile-up
(Reuters) – Auto parts retailer AutoZone Inc missed expectations for third-quarter net sales on Tuesday, as increased prices of automobile parts led to a rise …
Apple slashes sales estimates of its headset – Bloomberg News
(Reuters) – Apple Inc has lowered sales estimates for its long-awaited mixed-reality headsets by about two-thirds, Bloomberg News reported on Thursday, citing people familiar with …
Bath & Body Works beats quarterly profit estimates on higher prices
(Reuters) – Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, …
SocGen beats estimates as bond trading offsets retail banking slump
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and …
Duke Energy misses profit estimates as warm weather weighs on power usage
(Reuters) – Duke Energy Corp on Tuesday missed Wall Street estimates for first-quarter profit, as the gas and electric utilities firm was hit by unfavorable …
Apollo Global Q1 earnings fall 8%, missing estimates
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Tuesday its first-quarter adjusted net income fell 8% year-on-year, missing estimates, as …
Johnson Controls beats estimates on strong demand, raises annual profit guidance
(Reuters) – Johnson Controls International posted quarterly earnings ahead of analysts’ expectations on Friday, underpinned by strong demand for heating and air-conditioning systems from commercial …
EOG, Coterra beat profit estimates on higher prices, oil demand
(Reuters) -U.S. shale producers EOG Resources Inc and Coterra Energy Inc beat first-quarter estimates on Thursday, joining their peers in benefiting from a sustained fuel …
Booking Holdings beats profit estimates on strong travel demand
(Reuters) – Booking Holdings Inc reported a better-than-expected profit for the first quarter on Thursday, as the online travel agency benefited from pent-up demand that …
Insurer AIG exceeds profit estimates on strong underwriting gains
(Reuters) – American International Group Inc beat market estimates for first-quarter profit on Thursday, as record underwriting gains cushioned the blow from lower alternative investment …
Sempra beats profit estimates on strength in California units
(Reuters) – U.S. power and gas utility Sempra beat first-quarter profit expectations on Thursday, helped by higher earnings at its California units. While rising output …
BorgWarner sees annual sales below estimates on supply snags, higher costs
(Reuters) – BorgWarner Inc on Thursday forecast full-year sales below analysts’ estimates as supply chain issues continued to weigh on the auto supplier, sending the …
Etsy tops revenue estimates on demand for personalized products, higher fees
By Granth Vanaik (Reuters) – Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered …
Garmin tops quarterly revenue estimates on growth in aviation, marine units
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the …
Barrick beats quarterly profit estimates on higher prices
(Reuters) – Canadian miner Barrick Gold Corp beat Wall Street expectations for first-quarter profit on Wednesday, as higher prices of the metal outweighed a decline …
Freshworks tops revenue estimates as lower-priced offerings boost demand
(Reuters) – Freshworks Inc beat quarterly revenue estimates on Tuesday and posted its first adjusted operating profit as more businesses sought its lower-priced customer engagement …
Sysco Corp misses profit estimates on higher input costs
(Reuters) – U.S. food distributor Sysco Corp missed Wall Street expectations for third-quarter profit on Tuesday, hurt by higher raw material costs and a stronger …
Northrop’s quarterly earnings beat estimates on weapon demand
(Reuters) – Northrop Grumman Corp beat first-quarter earnings expectations on Thursday, helped by higher sales of weapons amid heightened geopolitical tensions. Shares of the Virginia-based …
DTE Energy beats profit estimates on lower costs, non-utility gains
(Reuters) – U.S. electric and gas utility firm DTE Energy Co beat estimates for first-quarter profit on Thursday, as lower costs and upbeat performance of …
CenterPoint Energy beats profit estimates on lower operating costs
(Reuters) – CenterPoint Energy Inc beat first-quarter profit expectations on Thursday, as lower operating and maintenance costs outweighed the impact of high interest expenses and …
Raymond James profit misses estimates as deals drought extends
(Corrects dateline, day in paragraph 1, typo in headline) (Reuters) – Raymond James Financial Inc missed Wall Street estimates for second-quarter profit on Wednesday as …
C.H. Robinson misses quarterly estimates on softening freight demand
(Reuters) – C.H. Robinson Worldwide Inc missed Wall Street expectations for quarterly sales and profit on Wednesday, as the logistics company grapples with falling freight …
PACCAR overtakes analyst estimates on trucks, aftermarket parts demand
(Reuters) – Truckmaker PACCAR Inc on Tuesday beat first-quarter profit and revenue estimates as demand for its truck models and aftermarket parts remained strong, boosted …
Apple supplier Corning rides on price hikes to beat profit estimates
(Reuters) – Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher …
Northern Trust’s first-quarter profit slightly below estimates as fees plunge
(Reuters) – Wealth manager Northern Trust Corp reported lower-than-expected first-quarter profit on Tuesday, as lower asset management fees dragged down gains from higher interest rates. …
CSX quarterly results beat estimates on higher freight rates
(Reuters) – U.S. railroad operator CSX Corp posted better-than-expected quarterly profit and revenue on Thursday, as higher shipment rates had helped offset the impact of …
U.S. Bancorp beats profit estimates as higher rates boost interest income
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more …
J.B. Hunt misses estimates on weak freight demand and higher maintenance expenses
(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses. …
M&T Bank Corp beats profit estimates as interest income doubles
(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high …
PNC Financial beats profit estimates on boost from higher interest rates
(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in …
Corona beer maker Constellation sees 2024 profit above estimates on price hikes
(Reuters) – Constellation Brands Inc forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs and strong …
Dollarama beats sales estimates on strong demand for affordable goods
(Reuters) -Canada’s Dollarama Inc beat quarterly revenue expectations on Wednesday helped by strong demand for affordable everyday goods and seasonal products such as home decor …
McCormick beats quarterly estimates on higher prices, reiterates outlook
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares …
Brown-Forman misses quarterly profit estimates as costs weigh
(Reuters) – Brown-Forman Corp missed Wall Street expectations for third-quarter profit on Wednesday, as the Jack Daniel’s whiskey maker struggled to keep a tight lid …
Green Thumb beats quarterly revenue estimates on adult-use legalization in New Jersey
By Arshreet Singh (Reuters) – U.S. cannabis producer Green Thumb Industries Inc beat fourth-quarter revenue estimates on Tuesday, on the back of legalization of adult-use …
Baidu beats fourth-quarter revenue estimates, flags chatbot launch
(Reuters) – China’s Baidu Inc beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, …