Nucor’s fourth-quarter sales, profit decline on lower pricing, volumes
(Reuters) – Steelmaker Nucor Corp posted a decline in its fourth-quarter profit on Monday, hurt by lower pricing of its products and sales volumes across all its segments. The Charlotte, North Carolina-based…
United Rentals fourth-quarter profit rises 6.25% on equipment demand
(Reuters) – Equipment rental firm United Rentals on Wednesday posted a 6.25% rise in fourth-quarter profit, on the back of robust demand for industrial tools. U.S. companies have ramped up their manufacturing…
Invesco reports fourth-quarter loss on impairment charge, lower fees
(Reuters) – Asset manager Invesco on Tuesday, reported a loss in the fourth quarter compared to a profit last year, hurt by lower fees and a non-cash asset impairment charge of $1.2…
Coatings maker PPG Industries beats fourth-quarter profit estimates
(Reuters) – PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its aerospace segment.…
Barrick Gold reports higher fourth-quarter copper, gold output
(Reuters) -Canadian miner Barrick Gold Corp said on Tuesday its gold and copper production rose sequentially for the fourth quarter. The company’s total preliminary output was 1.05 million ounces of gold and…
Fourth-quarter US earnings seen up 4.4% as reporting period kicks off
By Caroline Valetkevitch NEW YORK (Reuters) – Fourth-quarter earnings for S&P 500 companies overall are expected to have increased 4.4% from a year earlier, LSEG data showed on Friday, just as results…
National Bank of Canada’s fourth-quarter profit jumps on capital markets strength
(Reuters) – National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions. An uncertain…
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s shares rose 8.4% to $60.50 after the…
Emerson Electric misses estimates for fourth-quarter sales, profit
(Reuters) – U.S. industrial conglomerate Emerson Electric Co on Tuesday reported fourth-quarter sales and profit below Wall Street estimates, hit by supply chain disruptions. Shares of the company were down 8.3% in…
Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown
By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists scale back on travel due to rising costs, uncertain economic conditions and…
Chipmaker TI forecasts dull fourth-quarter as industrial weakness deepens
(Reuters) -Texas Instruments on Tuesday forecast fourth-quarter revenue and profit below estimates, as the analog chipmaker was forced to slash some production after demand across its key industrial market worsened. Shares of…
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip…
New York Giants Stage Fourth-Quarter Comeback to Edge Arizona Cardinals 31-28
GLENDALE, AZ – A riveting fourth-quarter performance saw the New York Giants clinch a 31-28 victory over the Arizona Cardinals, improving to a 1-1 record this season. The game, played on September…
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…
US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor…
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, sending its U.S.-listed shares up 7% in…
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…
U.S. demand boosts L’Oreal fourth-quarter sales, China weighs
By Mimosa Spencer PARIS (Reuters) -L’Oreal posted 8.1% sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe…
RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y
(Reuters) – The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 5.8% year-on-year in the fourth quarter. The country’s official statistics agency…
Paramount Global projects fourth-quarter advertising revenue will decline from third quarter
By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob Bakish said at the UBS Global TMT…
Two Sigma, Holocene added Tesla shares before fourth-quarter tumble
By David Randall NEW YORK (Reuters) – Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc stock during the…
Australia’s Lynas fourth-quarter revenue jumps on soaring rare earths demand
(Reuters) – Australia’s Lynas Rare Earths Ltd on Monday posted a 58% rise in quarterly revenue as the miner of essential metals cashed in on soaring global demand for greener sources of…
Buyout firm TPG’s fourth-quarter earnings jump 34% on strong asset sales
By Chibuike Oguh (Reuters) – TPG Inc said on Monday its fourth-quarter after-tax distributable earnings rose 34% year-on-year, driven by strong asset sales across its portfolio of private equity, impact investment, growth…
HeidelbergCement fourth-quarter earnings gain beats market view
FRANKFURT – A better than expected increase in fourth-quarter sales and earnings prompted HeidelbergCement to release some results ahead of schedule on Monday. Citing preliminary figures, the German cement maker said quarterly…
Blackstone reports record fourth-quarter earnings
By Chibuike Oguh -Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets to sell…
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