Florida Department of Revenue Operating in New Jersey? Here’s Why
The Florida Department of Revenue (DOR), which oversees tax collection and compliance for the state, operates offices in six states outside Florida — including a location in New Jersey — as part…
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…
Loblaw beats revenue estimates on resilient demand for essentials
(Reuters) – Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue, helped by higher prices and as demand held up for groceries and drugs. The company’s revenue rose 6.9%…
Albertsons beats profit, revenue expectations on strong demand for groceries
(Reuters) – Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly private label brands. Consumers in the U.S.…
Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
(Reuters) – Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects…
Moody’s beats revenue estimates on steady demand for analytics services
(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research services. Customer demand for the firm’s ‘Know…
Alaska Air forecasts 2023 revenue growth below estimates
(Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% in premarket trading. U.S. inflation data in…
US IRS ends policy of unannounced revenue officer visits to taxpayers
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers, reversing a decades-long…
D.R. Horton lifts annual revenue forecast on sturdy housing demand
(Reuters) – D.R. Horton Inc on Thursday raised its forecast for full-year revenue and homes closed, benefiting from strong demand and easing shortages of labor and construction supplies, sending its shares up…
J.B. Hunt misses profit, revenue estimates hit by weak freight volumes
(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending. Shares of…
Building Permit Revenue Up 11% in Toms River
TOMS RIVER, NJ – Despite recent warnings by Toms River Township Councilman David Ciccozi regarding a decrease in new applications before the town planning and zoning boards, the township reported a significant…
Tesla discounts set to power quarterly revenue growth, hit profit
By Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year…
Twitter to offer ad revenue share to select content creators
(Reuters) – Twitter said on Thursday that select content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns. The content creators…
Daimler Truck raises 2023 guidance for revenue, profit
BERLIN (Reuters) -Daimler Truck has raised its profit and revenue guidance due to an easing of supply chain constraints, stronger demand in its core markets and the after-sales business, the company said…
Aston Martin aims to hit adjusted profit, revenue targets by 2024-25, says FT
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on…
Carnival set to post strong revenue growth as new, younger customers drive demand
By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. While Americans…
KB Home quarterly revenue rises on higher demand
(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of the U.S. homebuilder rose about 1% in…
Atlantic City Bengali conference to generate millions in tourist revenue
ATLANTIC CITY, NJ -The KPC Bengali Hall of Fame and Sree Sree Gita Sangha jointly held a press conference on June 15 at Kennedy Plaza, officially announcing the Celebration of Freedom as…
China’s Jan-May fiscal revenue growth quickens
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the finance ministry…
US budget deficit mushrooms in May as revenue falls, Medicare outlays jump
(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged, the Treasury Department said on Monday in its first monthly accounting of…
Retail media ad revenue forecast to surpass TV by 2028
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television…
Dow cuts second-quarter revenue forecast on demand, pricing woes
(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects revenue for the quarter ending June…
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook
(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company is on track to hit the upper end of its second-quarter revenue…
Hewlett Packard Enterprise misses quarterly revenue estimates
(Reuters) – Hewlett Packard Enterprise Co missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, amid an economic slowdown. Shares of the…
Micron expects Chinese ban to affect revenue up to high-single digits
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference…
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from a 0.5% rise in January-March, official data…
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