Today: September 20, 2024
Today: September 20, 2024

Earnings

Business

CVS cuts 2024 profit forecast on elevated medical costs

CVS Health lowered its adjusted profit forecast for 2024 on Wednesday after an increase in medical care among older adults in the United States drove up fourth-quarter costs at its

CVS cuts 2024 profit forecast on elevated medical costs
Business

Uber expects strong core profit as ride share, food delivery demand accelerates

Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday, fueled by higher demand in its

Uber expects strong core profit as ride share, food delivery demand accelerates
Business

New York Times misses quarterly revenue estimates

New York Times missed expectations for quarterly revenue on Wednesday, hurt by a slowdown in advertising sales and fewer customers signing up for its bundles.

New York Times misses quarterly revenue estimates
Business

Coca-Cola set to gain edge over PepsiCo in Q4 on fewer price hikes

Coca-Cola is set to record stronger sales and profit growth in the fourth quarter compared to PepsiCo as it lured more price-conscious consumers with fewer price

Coca-Cola set to gain edge over PepsiCo in Q4 on fewer price hikes
Business|Economy|Technology

In a first for Uber since becoming a public company, an annual profit.

Uber posted its first full-year profit since going public in 2019 and its stock is hitting all-time highs as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations

In a first for Uber since becoming a public company, an annual profit.
Business

Mattel misses holiday-quarter estimates, sees dull 2024 sales on tepid toy demand

Mattel missed market estimates for holiday-quarter sales and profit, and forecast tepid 2024 sales on Wednesday as soft demand for toys overshadows gains from its blockbuster movie "Barbie

Mattel misses holiday-quarter estimates, sees dull 2024 sales on tepid toy demand
Business

Disney tops earnings forecast, hikes dividend by 50%

Walt Disney handily beat Wall Street's earnings expectations on Wednesday, lifted by record results at its theme parks and continued cost-

Disney tops earnings forecast, hikes dividend by 50%
Business

Arm forecast beats estimates as AI spurs chip upgrades

By Stephen Nellis and Max A.

Arm forecast beats estimates as AI spurs chip upgrades
Business

Coty's premium fragrances, cosmetics launches drive quarterly revenue beat

Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances

Coty's premium fragrances, cosmetics launches drive quarterly revenue beat
Business|Entertainment

Disney posts solid 1Q results thanks to its theme parks and cost cuts

Disney has reported stronger-than-expected earnings in the final three months of 2023

Disney posts solid 1Q results thanks to its theme parks and cost cuts
Business

Equifax sees 2024 revenue below estimates amid mortgage market slump

Credit ratings firm Equifax forecast 2024 revenue below Wall Street estimates on Wednesday, as the mortgage market continues to remain challenging in a higher-for-longer interest rate

Equifax sees 2024 revenue below estimates amid mortgage market slump
Business

Harley-Davidson quarterly profit falls on slowing demand

Harley-Davidson reported a 38% fall in fourth-quarter profit on Thursday, hurt by slowing demand for motorcycles in North America as consumers cut back spending on pricier leisure

Harley-Davidson quarterly profit falls on slowing demand
Business

Duke Energy misses Q4 profit estimates on higher interest costs, raises capex

Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable

Duke Energy misses Q4 profit estimates on higher interest costs, raises capex
Business

ConocoPhillips beats fourth-quarter profit estimates on higher production

U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production from newly acquired assets.

ConocoPhillips beats fourth-quarter profit estimates on higher production
Business

NYSE-parent ICE's profit rises as commodity markets boost trading volumes

Intercontinental Exchange reported a higher fourth-quarter profit on Thursday as trading volumes at the New York Stock Exchange parent surged, driven by strong growth in commodity and

NYSE-parent ICE's profit rises as commodity markets boost trading volumes
Business

Ralph Lauren tops quarterly sales estimate on strong demand

Ralph Lauren topped Wall Street expectations for revenue on Thursday in its 12th straight quarterly beat, powered by steady demand from wealthier U.S. shoppers for its expensive sweaters

Ralph Lauren tops quarterly sales estimate on strong demand
Business

Zimmer Biomet forecasts upbeat 2024 profit on steady medical devices demand

Zimmer Biomet Holdings Inc forecast 2024 profit above Wall Street expectations on Thursday, betting on resilient demand for its medical devices, and said it had initiated a restructuring

Zimmer Biomet forecasts upbeat 2024 profit on steady medical devices demand
Business

Weak IQOS shipments drive Philip Morris' Q4 disappointment

Philip Morris International on Thursday missed estimates for fourth quarter profit and forecasts for 2024, with slowing sales of its flagship heated tobacco product IQOS in particular

Weak IQOS shipments drive Philip Morris' Q4 disappointment
Business

Ad group Interpublic warns of lower spending by tech, telecom clients

Advertising group Interpublic beat fourth-quarter revenue estimates on Thursday, but warned that cost cuts by companies in the tech and telecom sectors could continue to weigh on its

Ad group Interpublic warns of lower spending by tech, telecom clients
Business

US oil refiners beat Wall Street bets, expect demand to grow in 2024

Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits

US oil refiners beat Wall Street bets, expect demand to grow in 2024
Economy

Analysis-As S&P 500 breaches 5,000, its valuation hits lofty levels as well

As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well.

Analysis-As S&P 500 breaches 5,000, its valuation hits lofty levels as well
Business

Builder Skanska's Q4 profits tumble amid property value writedowns

Swedish builder Skanska on Friday reported a steep fall in fourth-quarter operating profit as property value writedowns weighed, and proposed a lowered dividend.

Builder Skanska's Q4 profits tumble amid property value writedowns
Business

PepsiCo posts rare sales miss as price hikes dent demand

PepsiCo fell short of Wall Street estimates for fourth-revenue as the soda and snacks giant's multiple price hikes crimped demand for its juices and Lay's crisps.

PepsiCo posts rare sales miss as price hikes dent demand
Economy

Futures edge higher ahead of revised 2023 inflation data

U.S. stock index futures edged higher on Friday, a day after the benchmark S&P 500 breached the 5,000-mark for the first time, while investors looked ahead to inflation data for hints on

Futures edge higher ahead of revised 2023 inflation data
Business|Economy

PepsiCo profit gets a bump as charges fade, though revenue slips in fourth quarter

PepsiCo’s profit rose in the fourth quarter, helped by a lower impairment charge, even as its revenue declined slightly

PepsiCo profit gets a bump as charges fade, though revenue slips in fourth quarter

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