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…
NVR beats quarterly profit expectations on higher home prices
(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 shortage of…
CSX quarterly results beat estimates on higher freight rates
(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. Shares of…
US dividend funds see biggest quarterly outflows in 2-1/2 years
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 and bank…
Samsung quarterly profit set to hit 14-year low amid chip glut
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 worsens and…
Toyota quarterly auto sales fall 8.8%
(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 and chip…
GM quarterly auto sales rise 17.6%
(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 market share…
McCormick beats quarterly estimates on higher prices, reiterates outlook
(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 2023 sales…
Brown-Forman misses quarterly profit estimates as costs weigh
(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 as Brown-Forman…
Abercrombie & Fitch posts a fall in quarterly profit
(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 Abercrombie fell…
Green Thumb beats quarterly revenue estimates on adult-use legalization in New Jersey
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 compression caused…
Ant Group quarterly net profit plunges by 82.7% -Alibaba filing
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, according to…
Corebridge posts smaller-than-feared profit drop on strong investment income
(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 private-equity returns.…
Mexico’s Cemex posts surprise quarterly loss; shares drop
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 fixed assets.…
Bradesco shares hit 2-year low after disappointing quarterly earnings
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 reported fourth-quarter…
CVS Health beats quarterly profit estimates on lower medical costs
(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 an adjusted…
Johnson Controls misses quarterly revenue estimates on supply chain snags
(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 company’s first-quarter…
Imperial Oil CEO optimistic Alberta gov’t will add to carbon capture funding
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 (CCS) in…
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(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 U.S. homebuilders…
Norfolk Southern misses quarterly profit estimates on higher operating expenses
(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 has faced…
Textron posts quarterly revenue beat on strong business jet demand
(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 pandemic drove…
Barrick set to report highest quarterly gold output for 2022
(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 from its…
TD Bank quarterly profit jumps on higher rates boost
(Reuters) -Canada’s TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital…
Bank of Montreal posts lower quarterly profit as capital markets slump
(Reuters) – Canada’s Bank of Montreal posted a lower fourth-quarter profit on Thursday, as revenue from its capital markets business tumbled and the lender increased provisions for credit losses to brace for…
National Bank of Canada quarterly profit falls on higher expenses, provisions
(Reuters) – National Bank of Canada posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorded $87…
American Eagle beats quarterly sales estimates on strong demand for dresses
(Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans and dresses…
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