Earnings
PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised its full-year forecast for […]
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UBS beats expectations for the first quarter; continues to reduce Russia exposure
UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank of $1.79 billion. It marks a 17% rise from the $1.82 reported for the same period […]
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HSBC’s first-quarter profit slides as Ukraine conflict, inflation bite
Pedestrians walk past a HSBC Bank branch in Hong Kong. HSBC reported a 27% fall in quarterly profit on Tuesday, as the Asia-focused bank suffered from decreased revenues and slowing growth in Hong Kong. Budrul Chukrut/SOPA Images | Lightrocket | Getty Images HSBC reported a 27% fall in quarterly profit on Tuesday, as the Asia-focused […]
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Credit Suisse loves these tech stocks, says 3 have upside of more than 130%
Credit Suisse has named a raft of tech stocks it believes will outperform, saying all of them have more than 40% potential upside. Source
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JPMorgan predicts iPhone revenue to fall short when Apple reports later this week
JPMorgan warns of a miss on iPhone revenue and slowing growth overall but maintains its overweight rating on Apple. Source
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Twitter may want to finalize Musk deal before reporting disappointing quarter, analysts speculate
SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. Mike Blake | Reuters Twitter may want to finalize […]
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Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers […]
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Philips first-quarter core profit plunges as supply chain problems persist
Dutch health technology company Philips on Monday said first-quarter core profit dropped about a third from a year earlier to 243 million euros ($262 million), hit by an ongoing global shortage of parts and a massive recall of ventilators. Comparable sales fell 4% to 3.9 billion euros, as the Amsterdam-based supplier of medical systems and […]
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Earnings playbook: Your guide to the busiest week of the reporting season, featuring Apple & others
The busiest week of the earnings season is coming up, with roughly 160 S&P 500 companies slated to report, including tech giant such as Apple and Amazon. Source
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Stocks making the biggest moves premarket: American Express, Verizon, Kimberly-Clark and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first quarter. Amex reported a profit of $2.73 per share compared with the $2.44 consensus estimate, helped by increased spending by millennial and Gen-X consumers as well […]
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