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…
Ralph Lauren beats quarterly revenue estimates
(Reuters) – Ralph Lauren Corp on Tuesday beat Wall Street estimates for quarterly revenue, helped by firm demand for its higher-priced clothing and accessories from affluent consumers in the United States and…
Saudi GDP grows 11.8% year/year in Q2 -flash estimates
DUBAI – Saudi Arabia’s gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday, as the world’s top…
Spain’s second-quarter GDP growth of 1.1% tops estimates
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and services, preliminary data showed on Friday. Analysts…
Loblaw misses revenue estimates as inflation-hit consumers cut spending
(Reuters) -Canadian retail group Loblaw Cos Ltd reported quarterly revenue below estimates on Wednesday as high inflation forces consumers to rein in discretionary spending. With prices for gasoline and food spiking across…
Chile sharply raises estimates for inflation in 2022; GDP seen up 1.6%
By Fabian Cambero SANTIAGO – Chile’s government on Tuesday sharply increased its estimates for the country’s inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in…
Brazil’s industrial output rises in May but below estimates
By Gabriel Araujo and Camila Moreira SAO PAULO – Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but…
New study estimates 1.6 million in U.S. identify as transgender
By Jonathan Allen (Reuters) – A study published on Friday estimates that nearly 1.64 million people over the age of 13 in the United States identify themselves as transgender, based on an…
Dollarama beats sales estimates on strong demand for consumables
(Reuters) – Canada’s Dollarama Inc beat estimates for quarterly sales on Wednesday as surging inflation fueled demand for the discount store’s groceries and household essentials. Top North American dollar stores are seeing…
JPMorgan cuts U.S. GDP estimates for 2022 and 2023
(Reuters) – JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023. The firm’s economic and policy research department cut its…
Chinese autos group estimates sales skidded 48% lower in April
SHANGHAI -China’s auto association estimates that sales in April dropped 48% year-on-year, as zero COVID-19 policies shut factories, limited traffic to showrooms and put the brakes on spending. The estimate represents the…
Financial firms face $225 billion in water-related losses, analysis estimates
By Simon Jessop and Tommy Wilkes LONDON – Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the…
Loblaw revenue misses estimates on easing demand for groceries, essentials
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand for groceries and drugs were waning from its peak. Consumers returning to…
AIG profit beats estimates on strong underwriting gains
(Reuters) – Insurer American International Group Inc reported a nearly 17% rise in quarterly profit on Tuesday that topped market estimates, as strong underwriting gains and lower catastrophe losses cushioned a drop…
U.S. shale companies top Wall Street estimates, focus on returns
By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production…
World Bank estimates Ukraine physical damage at roughly $60 billion so far
WASHINGTON – Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on…
UnitedHealth says deferred care demand not as high as feared, shares rise
By Amruta Khandekar and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Thursday modestly raised its 2022 profit forecast, saying demand for healthcare procedures deferred during the pandemic was approaching normal levels but…
Wall Street cuts McDonald’s profit estimates on Russia costs
By Hilary Russ NEW YORK – Wall Street analysts have slashed their forecasts for McDonald’s Corp’s 2022 and 2023 profit, the latest sign that some Western companies stand to take a financial…
Deutsche Telekom core profit, revenue beat estimates
STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in European business. Adjusted earnings before interest, tax,…
AIG profit beats estimates on general insurance strength
– U.S. insurer American International Group Inc topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its general insurance business. Catastrophe losses came in…
Kraft Heinz plans more price hikes as sales, earnings beat estimates
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and…
Marriott results top estimates as vaccinations, holiday traffic boost hotel occupancy
-Marriott International Inc’s fourth-quarter results topped Wall Street estimates, as increasing vaccination rates and holiday-season traffic boosted occupancy rates across its hotels, sending the company’s shares up over 3% in premarket trade.…
Coca-Cola beats quarterly revenue estimates
– Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and on gradual reopening of theaters and restaurants across the world as…
Mattel forecasts full-year earnings above estimates as toy demand holds strong
By Deborah Mary Sophia and Uday Sampath Kumar – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other toys will…
Honeywell’s revenue misses estimates on supply woes, lower mask demand
-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell 2.7% before…
Hershey forecasts annual profit above estimates on prices increases
– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures and strong holiday demand. Packaged food makers…
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