UTC sees extra $150 million sales boost from Collins deal
United Technologies Corp expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.
Coca-Cola raises 2019 forecast on coffee, zero sugar soda boost
Coca-Cola Co beat second-quarter earnings expectations and raised its organic revenue forecast for the full year, betting on its new ready-to-drink coffee business and demand for zero-sugar sodas.
Biogen beats estimates on multiple sclerosis therapy sales
Drugmaker Biogen Inc beat analysts’ estimates for quarterly profit and lifted its 2019 earnings forecast on Tuesday, driven by higher sales of its top-selling multiple sclerosis therapy Tecfidera.
Lockheed beats quarterly profit estimates, raises 2019 forecast
Lockheed Martin Corp reported a better-than-expected quarterly profit on Tuesday and raised its 2019 profit forecast for the second time in three months, helped by increased demand for its stealth F-35 combat jets and missiles.
Harley-Davidson cuts 2019 shipments guidance after sales slump
Harley-Davidson Inc on Tuesday trimmed guidance for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
Alibaba welcomes U.S. small businesses to sell globally on its platform
Chinese e-commerce giant Alibaba Group Holdings Ltd will allow small U.S. businesses to sell on Alibaba.com, the company said on Tuesday, as it seeks to tap into the business-to-business e-commerce market and fend off rivals like Amazon.com Inc .
Futures rise after better-than-expected earnings
U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg
Huawei Technologies Co Ltd’s revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the ma…
Oil slips to around $63 as Iran concerns fades for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.
Harley-Davidson reports lower quarterly profit as tariffs bite
Harley-Davidson Inc reported a 19.3% fall in quarterly profits on Tuesday, hurt by higher-tariff costs as well as a continued slide in sales in the United States.
