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…
Tenet Healthcare’s fourth-quarter beat puts 2023 concerns at bay
(Reuters) -Tenet Healthcare Corp on Thursday beat Wall Street estimates for fourth-quarter results as growth in its outpatient service business put concerns around the hospital operator’s weak 2023 forecast at bay. The…
CVS Health beats quarterly profit estimates on lower medical costs
(Reuters) – CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business. The company posted an adjusted…
Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall expenditure but…
Johnson Controls misses quarterly revenue estimates on supply chain snags
(Reuters) – Johnson Controls International reported lower-than-expected first-quarter revenue on Wednesday, as the provider of heating and air-conditioning systems for offices, hospitals and schools struggled with supply chain logjams. The company’s first-quarter…
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped U.S. homebuilders…
Comcast revenue tops estimates amid cord-cutting, muted broadband growth
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the media company saw continued demand at its theme parks and experienced modest…
Hess tops Wall St profit estimates, signals dividend increase
By Sabrina Valle, Liz Hampton and Sourasis Bose (Reuters) -U.S. oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for fourth-quarter profit on better-than-expected production in Guyana, allowing it…
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel prices. The U.S. railroad industry has faced…
U.S. Parkinson’s disease incidence far higher than earlier estimates -study
By Shawana Alleyne-Morris and Nancy Lapid (Reuters) – The annual number of new Parkinson’s disease diagnoses in the United States is likely 50% higher than estimated, based on a broad analysis of…
Broadcom forecasts current-quarter revenue above estimates on cloud strength
(Reuters) – Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. Companies are increasingly investing in the infrastructure…
Piper Sandler cuts estimates for Apple’s Dec quarter as China worries mount
(Reuters) – Analysts at Piper Sandler on Thursday cut their revenue and iPhone sales estimates for Apple Inc’s December quarter, as Beijing’s strict lockdowns crimp production at the world’s biggest iPhone factory…
American Eagle beats quarterly sales estimates on strong demand for dresses
(Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans and dresses…
American Eagle beats quarterly sales estimates on strong demand for dresses
(Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans and dresses…
American Eagle beats quarterly sales estimates on strong demand for dresses
(Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans and dresses…
Provention prices diabetes drug above analysts’ estimates at $13,850/vial
By Raghav Mahobe and Nandhini Srinivasan (Reuters) -Provention Bio Inc has priced its diabetes drug teplizumab at $13,850 a vial, it said on Friday, a day after receiving U.S. approval and far…
Chile’s GDP posts largest quarterly drop in over 2 years as recession fears grow
By Fabian Cambero and Gabriel Araujo SANTIAGO (Reuters) -Chile’s economy shrank in the third quarter at the fastest quarterly rate in more than two years, declining further after a rapid post-pandemic recovery…
Bayer estimates new GM soybean to reach 10% of Brazil’s 2022/23 planting area
SAO PAULO (Reuters) – Bayer AG’s agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% of the country’s total soy planting area…
NYSE-parent ICE beats profit estimates, takes $1.1 billion writedown
By Manya Saini (Reuters) -Intercontinental Exchange topped market estimates for third-quarter profit on Thursday on the back of robust trading volumes and demand for investment products, sending shares of the New York…
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday. In remarks at a press conference after…
Fox Corp beats revenue estimates on political ads demand
(Reuters) -Fox Corp reported better-than-expected quarterly revenue on Tuesday, as the Fox News parent benefited from an uptick in advertising spend ahead of the U.S. midterm elections. The company has been investing…
AbbVie misses sales estimates as Botox, Juvederm face slowdown jitters
(Reuters) -AbbVie Inc on Friday missed Wall Street estimates for quarterly sales, hurt by weaker-than-expected revenue from its popular facial filler Juvederm and blockbuster anti-wrinkle injection Botox. North Chicago, Illinois-based Abbvie’s shares…
Insurer Universal estimates nearly $1 billion loss from Hurricane Ian
(Reuters) – Florida-based Universal Insurance Holdings Inc on Tuesday forecast a gross loss of nearly $1 billion from Hurricane Ian, some of which will be covered by its reinsurance program. “To date,…
Jefferies beats quarterly profit estimates on lift from merchant banking
(Reuters) – Jefferies Financial Group Inc on Wednesday beat analysts’ estimates for third-quarter profit as robust performance in its merchant banking unit helped cushion the blow from sluggish dealmaking. The merchant banking…
Brazil’s JBS Q2 profit falls almost 10%, but tops estimates
SAO PAULO – JBS SA , the world’s largest meatpacker, posted an almost 10% drop in net profits, to $766 million, driven by the relative weakness of its U.S. beef and pork…
ABN Amro’s quarterly profit beats estimates despite rising costs
AMSTERDAM -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset…
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