(Reuters) – Consumer lender Capital One Financial Corp’s first-quarter profit missed estimates on Thursday due to an increase in provisions that reduced gains from interest rate hikes. The Federal Reserve’s…
(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 company were up 1.32% in…
(Reuters) – Industrial conglomerate Honeywell International Inc raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit. Shares of…
(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 demand against the backdrop of…
(Reuters) – Homebuilder and mortgage banking company NVR Inc beat analysts’ expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a…
(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 a 1% drop in volumes.…
By Patturaja Murugaboopathy and Chuck Mikolajczak (Reuters) – U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush to safer money market funds…
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut…
(Reuters) – Toyota Motor Corp reported a drop in quarterly U.S. auto sales on Monday, as it struggled to get enough cars and trucks to dealers due to inflationary pressures…
(Reuters) – General Motors Co on Monday reported a 17.6% rise in its first-quarter U.S. auto sales as pent-up demand for personal transport continued to outpace supply. “We gained significant…
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares of the company, which reiterated…
(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 on costs. Spirit makers such…
(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins. The company’s net income attributable to…
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 in New Jersey, but price…
SHANGHAI (Reuters) – China’s Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier,…
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in…
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican cement producer Cemex posted an unexpected fourth-quarter loss on Monday, logging hefty one-off charges for impairment of goodwill and…
By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank…
(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…
(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…
By Nia Williams and Arshreet Singh (Reuters) -The chief executive of Canada’s Imperial Oil on Tuesday expressed optimism that the Alberta government will contribute funding for carbon capture and storage…
(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…
(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…
(Reuters) – Cessna jet maker Textron Inc reported a better-than-expected revenue on Wednesday, as a pandemic-driven demand for private jets shows little signs of cooling. The spread of the COVID-19…
(Reuters) -Canadian miner Barrick Gold Corp on Tuesday reported a 13.4% sequential rise in gold production in what could be its highest quarterly output last year, driven by strong performances…