NYSE-owner ICE beats profit view on growth in transaction, data units
Intercontinental Exchange Inc , which owns the New York Stock Exchange, on Thursday beat analysts’ estimates for quarterly profit, helped by growth across its transaction and clearing business and data services unit.
Verizon beats profit estimates as monthly phone subscribers jump
Verizon Communications Inc on Thursday beat second-quarter profit estimates as the U.S. mobile carrier added more monthly phone subscribers than expected and stepped up efforts to deploy the next-generation 5G network nationwide.
Yum Brands earnings beat on Taco bell, KFC boost
Yum Brands Inc beat Wall Street expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at KFC, Pizza Hut and Taco Bell.
ADM profit plunges more than 40% on U.S. weather, trade war woes
U.S. grains merchant and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this sp…
Marathon Petroleum profit beats on higher crude shipments, retail strength
U.S. refiner Marathon Petroleum Corp on Thursday beat estimates for quarterly profit, as it transported more crude through its pipelines and benefited from higher sales from its gas stations business.
Cigna posts second-quarter profit beat, raises 2019 earnings forecast
Health insurer Cigna Corp raised its forecast for full-year adjusted earnings on Thursday after posting a better-than-expected profit in the second quarter, helped by higher revenue from its pharmacy benefits unit and its commercial health plans.
Bombardier posts loss, cuts profit forecast on rail division woes
Canada’s Bombardier Inc on Thursday reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division.
Coffee baron’s death fuels India Inc anger over government crackdown on wrongdoing
The apparent suicide of India’s coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.
Marathon Petroleum reports 5% rise in quarterly profit
U.S. refiner Marathon Petroleum Corp reported a 4.8% rise in quarterly profit on Thursday, as strength in its midstream and retail segments more than offset a fall in refining income.
Investments in cleaner vehicles hit BMW profits
BMW’s second quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits.
