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Campbell Soup Boosts FY23 Outlook As Q2 Results Top Estimates
Campbell Soup Co. (CPB) reported on Wednesday a profit for the second quarter that grew nine percent from last year, driven by 12 percent net sales growth amid favorable net price realization. Adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also raised its financial guidance for the full-year 2023.
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902 days ago
German Industrial Output Recovers; Retail Sales Unexpectedly Fall
Germany's industrial production rebounded at a stronger-than-expected pace in January, but retail sales unexpectedly fell again indicating that private consumption could act as a drag on economic growth this year. Industrial production grew 3.5 percent on a monthly basis to offset the revised 2.4 percent decline in December, data from Destatis revealed Wednesday.
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902 days ago
Eurozone Economy Stagnates In Q4
Euro area economy stagnated in the fourth quarter, following a downward revision, as positive contributions from the government consumption and foreign trade were offset by contractions in household spending and investment. Gross domestic product remained flat sequentially in the fourth quarter after expanding 0.4 percent in the preceding period, data from Eurostat showed Wednesday.
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902 days ago
United Natural Foods Slashes FY23 Earnings Outlook - Update
While reporting financial results for the second quarter on Wednesday, United Natural Foods, Inc. (UNFI) slashed its earnings and adjusted earnings guidance for the full-year 2023, while raising annual net sales outlook.
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902 days ago
Korn Ferry Guides Q4 Well Above Estimates As Q3 Results Top Estimates
While reporting financial results for the third quarter on Wednesday, consulting firm Korn Ferry (KFY) provided earnings and fee revenue guidance for the fourth quarter, well above analysts' estimates.
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902 days ago
Sensex, Nifty End Slightly Higher After Late Buying
Indian shares ended Wednesday's session slightly higher despite weak cues from global markets.
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902 days ago
Adidas Slips To Q4 Loss, Cuts Dividend, Warns On FY23; Stock Down
Shares of adidas AG were losing around 2 percent in the morning trading in Germany after the sports sneaker and apparel maker on Wednesday reported a loss in its fourth quarter, compared to last year's profit, hurt by charges mainly related to the termination of the Yeezy partnership. Further, the company trimmed its dividend, and said it projects an operating loss and weak sales in fiscal 2023.
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902 days ago
more news
Euro Little Changed After Eurozone GDP Data
At 5.00 am ET Wednesday, Eurostat has released euro area revised quarterly national accounts for the fourth quarter. The euro changed little against its major counterparts after the data.
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902 days ago
Euro Mixed Ahead Of Eurozone GDP Data
At 5.00 am ET Wednesday, Eurostat releases euro area revised quarterly national accounts for the fourth quarter. The initial estimate showed that the currency bloc expanded only 0.1 percent after rising 0.3 percent in the third quarter.
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902 days ago
European Shares Slip As Rate Worries Return To Haunt Investors
European stocks fell on Wednesday to extend losses from the previous session after hawkish messages from the U.S. Federal Reserve and the European Central Bank.
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902 days ago
FTSE 100 Extends Losses On Fed Worries
U.K.'s stocks edged lower on Wednesday on the back of hawkish comments from Federal Reserve Chair Jerome Powell and a much lower profit reported by insurance giant Admiral.
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902 days ago
CAC 40 Subdued On Rate Hike Jitters
French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.
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902 days ago
DAX Little Changed On Rate Worries
German stocks were subdued on Wednesday after Fed Chair Jerome Powell warned of bigger rate hikes to fight inflation and sportswear firm Adidas slashed its dividend after swinging to a quarterly operating loss.
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902 days ago
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