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

Earnings

Business|Economy|Health

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast

CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
Business|Economy

Kering shares slump after luxury company warns of H1 operating profit drop

Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering shares slump after luxury company warns of H1 operating profit drop
Business|Economy|News

GE Aerospace lifts 2024 profit forecast amid supply-chain challenges

GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to keep up with

GE Aerospace lifts 2024 profit forecast amid supply-chain challenges
Business|Economy|News|World

Morning Bid: Tanking Tesla reports, Europe business beats

A look at the day ahead in U.S. and global markets from Mike Dolan World markets have cheered up a bit this week, but ailing Tesla's tanking stock price faces a critical earnings test later on Tuesday

Morning Bid: Tanking Tesla reports, Europe business beats
Business|Economy|News|Technology

Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war

Japanese electric motor maker Nidec on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce

Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
Business|Economy|News|World

Air New Zealand falls after earnings outlook cut on stiff competition

Air New Zealand trimmed its annual earnings estimates on Monday, citing economic headwinds and a cost-of-living crisis leading to softer revenue in domestic and North

Air New Zealand falls after earnings outlook cut on stiff competition
Business|Economy

Casino Operator MGM beats first-quarter estimates on strength in Macau business

MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit

Casino Operator MGM beats first-quarter estimates on strength in Macau business
Business|Economy|Technology

Cognizant first-quarter revenue beats estimates on steady spending by clients

Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket

Cognizant first-quarter revenue beats estimates on steady spending by clients
Business|Economy

MetLife Q1 profit rises on higher premiums, investment income

MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments.

MetLife Q1 profit rises on higher premiums, investment income
Business|Technology

Apple set for big sales decline as investors await AI in iPhones

Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to

Apple set for big sales decline as investors await AI in iPhones
Business|Economy

Marriott boosts full-year profit view after mixed Q1 results

Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on

Marriott boosts full-year profit view after mixed Q1 results
Business|Economy

Kraft Heinz misses sales estimates as higher prices deter customers

Kraft Heinz missed Wall Street estimates for first-quarter sales on Wednesday, signaling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and

Kraft Heinz misses sales estimates as higher prices deter customers
Business|Economy|Food

Starbucks shares hit two-year low as China, US demand clouds outlook

Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-

Starbucks shares hit two-year low as China, US demand clouds outlook
Business|Economy|Food

Loblaw reports strong first quarter on resilient demand, easing food prices

Canadian food and pharmacy retailer Loblaw Companies topped expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand well as easing prices of

Loblaw reports strong first quarter on resilient demand, easing food prices
Business|Economy

KKR's earnings rise 20% on strong management fees, annuities business

Private equity firm KKR & Co Inc said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees

KKR's earnings rise 20% on strong management fees, annuities business
Business|Economy|Health

Pfizer lifts profit forecast as CEO sees reason for optimism in 2024

Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting

Pfizer lifts profit forecast as CEO sees reason for optimism in 2024
Business|Economy

NYCB's estimate-topping profit forecasts fire up battered shares

New York Community Bancorp forecast far better-than-expected profit for the next two years and said on Wednesday it was close to selling $5 billion of

NYCB's estimate-topping profit forecasts fire up battered shares
Business|Economy|Environment

Canada's Cenovus Energy beats profit estimate on production boost

Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start

Canada's Cenovus Energy beats profit estimate on production boost
Business|Economy|Food

UK's Domino's Pizza sees slow start in second quarter

Britain's Domino's Pizza Group said on Wednesday the second quarter started off slower than the year-ago period after it reported a dip in sales and lower orders in the first quarter.

UK's Domino's Pizza sees slow start in second quarter
Business|Economy|Health

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off

Consumer healthcare company Haleon reported first-quarter revenue slightly below market estimates on Wednesday, as volumes declined due to retailer destocking in U.S. and cooling demand for

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off
Business|Economy|News|Technology|World

Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news

Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset

Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
Business|Economy|Travel

Booking tops Q1 profit estimates on robust international travel demand

Booking Holdings beat Wall Street estimates for first-quarter profit on Thursday, as strong demand for international travel offset moderating leisure travel demand in the U.S.

Booking tops Q1 profit estimates on robust international travel demand
Business|Entertainment

Universal Music beats earnings forecasts after blockbuster Swift tour

Universal Music Group on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift.

Universal Music beats earnings forecasts after blockbuster Swift tour
Business|Economy

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices

Pop-Tarts maker Kellanova on Thursday beat Wall Street estimates for first-quarter sales and profit on higher prices and firm demand for its breakfast cereals and ready

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices
Business|Economy

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins

Huntington Ingalls reported better-than-expected quarterly earnings on Thursday on the back of demand for aircraft carriers but profit margins were below company estimates, sending shares

Military shipbuilder Huntington beats Q1 estimates, shares down 12% on weak profit margins

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