Robert Half expects weak quarterly revenue on sluggish hiring activity, shares slip
(Reuters) – Recruitment services firm Robert Half forecast first-quarter revenue slightly below Wall Street estimates on Tuesday, hit by sluggish hiring activity. Shares of the Menlo Park, California-based company fell more than…
Fifth Third expects further interest income weakness after quarterly profit falls
(Reuters) – Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. Funding costs of lenders…
Australia’s Santos posts over 7% sequential rise in quarterly revenue
(Reuters) – Australia’s Santos Ltd on Thursday reported a 7.5% rise in third-quarter revenue from the preceding quarter, helped by increased crude oil volumes and higher prices. The country’s No. 2 independent…
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) – PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector helped boost coatings…
Biden 2024 campaign, allies raise $71 million in latest quarterly haul
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden’s 2024 re-election team and his party said on Sunday that they raised $71 million during the latest quarter, as the…
Clorox, reeling from cyberattack, expects quarterly loss
(Reuters) -Clorox, a U.S. maker of cleaning products, said on Wednesday it expects to post a first-quarter loss after a cyberattack in August caused product outages and disrupted supplies and operations. “The…
US grid-scale energy storage installations hit new quarterly record – report
(Reuters) – The U.S. grid-scale energy storage installations hit a new record in the second quarter of 2023, a report by Wood Mackenzie and the American Clean Power Association (ACP) said. Grid-scale…
AutoZone posts strong quarterly results on auto parts demand
(Reuters) – Auto parts retailer AutoZone Inc on Tuesday posted better-than-expected profit and revenue for the fourth quarter, boosted by demand for its do-it-yourself (DIY) automotive parts. AutoZone, which competes with Advance…
FedEx quarterly profit likely boosted by rivals’ pain
By Lisa Baertlein LOS ANGELES (Reuters) – FedEx Corp benefited from misfortunes experienced by rivals UPS and Yellow during its latest quarter as the global delivery firm continued slashing costs to match…
Affirm shares soar after better-than-expected quarterly results
By Chibuike Oguh NEW YORK (Reuters) -Shares of Affirm Holdings Inc rose nearly 33% on Friday after the U.S. financial technology firm reported better-than-expected quarterly results based on an uptick in loan…
Toronto-Dominion Bank’s quarterly profit falls as loan-loss provisions rise
(Reuters) – Toronto-Dominion Bank on Thursday reported a drop in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover losses from borrowers who might fall behind on loan…
Snowflake beats quarterly estimates on strong demand for data management services
(Reuters) – Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of…
Strong international sales boosted Walmart’s quarterly results
By Siddharth Cavale and Aishwarya Venugopal NEW YORK (Reuters) – Resilient U.S. consumer spending drove Walmart’s better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly…
Brazil’s Magalu blames wider quarterly loss on high borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais ($40 million), blaming the country’s high interest rate for hitting its financial…
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from…
Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations…
Barrick beats quarterly profit estimates on higher gold prices
(Reuters) -Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its full-year production…
S&P 500 quarterly earnings have been upbeat; revenue not so much
By Noel Randewich (Reuters) – S&P 500 companies have been reporting upbeat bottom lines for the June quarter, but not such impressive increases in their revenue. With second-quarter reporting season nearly complete,…
Equinix projects quarterly revenue below estimates, shares slip
(Reuters) – Equinix forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as businesses curtail spending in an uncertain economy. Shares of the company…
Garmin beats quarterly estimates on growth in fitness and auto businesses
(Reuters) – Navigation equipment maker Garmin beat market estimates for second-quarter revenue and profit on Wednesday, thanks to strong growth in its auto and fitness businesses. The company has been leaning on…
Stanley Black & Decker posts narrower-than-expected quarterly loss on cost cuts
(Reuters) – Stanley Black & Decker reported a lower-than-expected loss in the second quarter on Tuesday, as cost cut measures cushioned a hit from cooling demand for its power tools. The industrial…
Hong Kong quarterly GDP growth slows on sluggish global economy
HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong rebound in…
Amundi’s quarterly inflows beat expectations on risk-averse products
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly net inflows on Friday as investors’ appetite for risk-averse products underpinned a 1.9% yearly growth in assets under…
Liftmaker Otis beats analyst estimates for quarterly profit, revenue
(Reuters) – Liftmaker Otis Worldwide posted second-quarter revenue and profit above analysts’ estimates on Wednesday, fueled by sustained demand for escalators and elevators in residential and commercial projects. The Connecticut-based company’s price…
PACCAR beats quarterly estimates on strong demand for trucks
(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on bolstering logistics…
Dow reports lower quarterly profit on weak demand
(Reuters) – Dow Inc reported a lower second-quarter profit on Tuesday, hurt by lower prices of its products and weak sales volumes. Manufacturing activity in the United States and Europe continued to…
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