Intuit beats first-quarter estimates on resilient demand for financial products
(Reuters) – Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products that help businesses manage their financial needs.…
S&P 500 first-quarter EPS creeps out of the red, Refinitiv data shows
By Noel Randewich (Reuters) – Who said corporate earnings were down? Fresh data shows earnings per share for S&P 500 companies were about flat in the first quarter, a major improvement over…
Coterra Energy first-quarter profit beats expectations
(Reuters) – U.S. oil and gas exploration and production company Coterra Energy Inc beat profit expectations on Thursday, helped by sustained fuel demand and strong crude prices on tight supplies. On an…
As lithium miners gear up for first-quarter earnings, investors focus on tumbling prices
By Arshreet Singh (Reuters) – U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan…
Apple, Android rivals see first-quarter drop in China phone shipments – research firm
SHANGHAI (Reuters) – Apple Inc and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts following…
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. The results come close on the heels…
Solid first-quarter stock performance fueled 8.7% short interest jump -S3
By Stephen Culp NEW YORK (Reuters) – The solid first-quarter stock market performance helped prompt an 8.7% rise in short interest in U.S. and Canadian equities markets, according to a note from…
Trulieve forecasts dour first-quarter revenue amid slowing demand
By Sourasis Bose (Reuters) -Trulieve Cannabis Corp on Wednesday forecast sequentially lower first-quarter revenue after reporting quarterly results that missed market expectations, as demand for cannabis-related products dropped amid regulatory challenges, inflation…
Experian first-quarter revenue rises on robust credit demand
(Reuters) -Experian reported higher first-quarter total revenue on Thursday, as the world’s largest credit data firm benefited from a robust demand in demand and supply of credit, mainly in North America. While…
Bausch + Lomb Announces First-Quarter 2022 Results and Provides 2022 Guidance
First-Quarter 2022 Financial Results Revenues of $889 Million GAAP Net Income of $20 Million Adjusted EBITDA (non-GAAP)1 of $170 Million Bausch + Lomb Commenced Trading Under “BLCO” Ticker Reported Revenues Grew 1%, and…
Portugal’s first-quarter jobless rate drops to 5.9%
(Reuters) – Portugal’s unemployment rate in the first quarter fell to 5.9%, from 7.1% a year earlier, and from 6.3% in the preceding three months, official data showed on Wednesday. The youth…
EDF first-quarter sales jump but core profit outlook capped by outages
PARIS – French state-owned utility EDF’s first-quarter sales jumped 61% to 35.58 billion euros ($37.40 billion) on the back of higher power and gas prices but the firm was cautious about its…
KKR’s first-quarter earnings jump 47% on strong asset sales, fees
(Reuters) – Private equity firm KKR & Co Inc said on Tuesday that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in asset sales and a rise in revenue…
Gold miner Newmont posts fall in first-quarter profit
(Reuters) -Newmont Corp on Friday posted a fall in first-quarter profit, as the world’s biggest gold miner was hurt by lower gold sales volumes. Miners have been dealing with labor disruptions and…
Getlink first-quarter revenue jumps almost 50% as travel picks up
(Reuters) – The operator of the Channel Tunnel Getlink posted a rise of almost 50% in first-quarter revenue on Thursday, as travel in Europe gradually recovers from the pandemic. “The strong rebound…
H&M seen posting first-quarter profit, Russia clouds outlook
By Anna Ringstrom STOCKHOLM – Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the economic fallout…
German first-quarter dealmaking slides to six-year low due to Ukraine war jitters
By Emma-Victoria Farr and Alexander Hübner (Reuters) – Mergers and acquisitions in Germany in the first three months of 2022 have dropped 10% from the same period in 2021 in what has…
American Airlines cuts first-quarter capacity forecast as oil prices surge
– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by…
Homebuilder DR Horton first-quarter profit jumps
– D.R. Horton Inc posted a 44.2% rise in quarterly profit on Wednesday, benefiting from record-high property prices and lower interest rates on home loans. Net income attributable to the largest U.S.…
Dow expects strong first-quarter sales on higher prices
By Arathy Somasekhar and Ruhi Soni -Dow Inc on Thursday forecast better-than-expected sales for the current quarter after fourth-quarter results beat estimates, helped by higher prices for its products as supplies remained…
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