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Stocks

“Amazon shares tumble after third-quarter outlook disappoints”

“Amazon shares closed down about 8.7% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street’s expectations. Revenue in the second quarter rose 10% from a year earlier… Continue Reading…

Business, Stocks

“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”

“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: P&G reported fiscal fourth-quarter net income attributable to the company of… Continue Reading…

Business

“Procter & Gamble sales disappoint as price hikes slow down”

“Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin toilet paper… Despite its disappointing sales, the consumer giant raised its… Continue Reading…

Business

“Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise”

“Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers shift to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs…” https://www.cnbc.com/2023/11/21/ford-scales-back-ev-battery-plant-in-michigan.html Ford sees the writing on the… Continue Reading…

Business, Economy

“Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates”

“…Shares of the company were down 2% in morning trading. Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Restaurant Brands reported third-quarter net income… Continue Reading…

Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

Stocks

“Exxon posts highest quarterly profit in years, but revenue disappoints”

“…The company earned $1.58 per share during the period on an adjusted basis, which was ahead of the $1.56 analysts surveyed by Refinitiv were expecting. Revenue totaled $73.79 billion, short of the $76.34 billion the Street was expecting. “All three… Continue Reading…