Ralph Lauren earnings beat estimates on North America demand
Ralph Lauren Corp reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts.
ConocoPhillips profit misses on lower crude prices, higher spending
ConocoPhillips missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global economy.
Moderate U.S. consumer spending, inflation support rate cut
U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday for the first time in a decade.
P&G posts strong profit amid $8 billion writedown of Gillette
Procter & Gamble Co’s quarterly revenue and profit beat Wall Street expectations on Tuesday, sending shares up even as the world’s No.1 personal goods company took an $8 billion writedown on its Gillette shaving business.
Under Armour sales growth in North America trails Nike again; shares sink
Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America as demand at its stores and online faced pressure from relentless competition from bigger rivals Nike and Adidas.
Eli Lilly tops profit estimates on boost from diabetes drugs
Eli Lilly and Co beat analysts’ estimates for quarterly profit and raised its full-year earnings forecast on Tuesday, as higher sales of diabetes drugs Trulicity and Basaglar offset competition for its erectile dysfunction treatment, Cialis.
Ralph Lauren quarterly results beat on demand in North America
Ralph Lauren Corp on Tuesday beat Wall Street estimates for quarterly revenue and profit powered by growth in North America, as a social media marketing blitz and new launches drove demand, sending its shares up 5% in premarket trading.
Merck quarterly profit beats on strong demand for Keytruda, vaccines
Merck & Co Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, powered by strong demand for its vaccines and cancer immunotherapy Keytruda.
Oil prices boosted by expectations of Fed rate cut
Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel consumption in the world’s biggest oil user.
Brazil Embraer’s deliveries of commercial jets continue to fall in second quarter
Brazil planemaker Embraer delivered 26 commercial planes in the second quarter of 2019, down from 28 planes in the same period of 2018 and 35 in 2017, the company said in a securities filing on Tuesday.
