Earnings Surprises

The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said. An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Amid turnaround efforts, the company lifts its margin goals for the year. Amid turnaround efforts, the company lifts its margin goals for the year. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

The home-improvement chain said it now projects sales to fall between 2% and 5% in fiscal 2023, rather than stay flat as it projected in February. The home-improvement chain said it now projects sales to fall between 2% and 5% in fiscal 2023, rather than stay flat as it projected in February. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

The short-term rental company reported higher revenue and profit in the first quarter, but customers reserved fewer-than-expected stays. The short-term rental company reported higher revenue and profit in the first quarter, but customers reserved fewer-than-expected stays. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

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British oil major BP beat expectations in the first quarter on strong results from trading oil and gas, and said it will buy back a further $1.75 billion in shares. BP’s first-quarter underlying replacement-cost profit—a metric similar to net income that U.S. oil companies report—of $4.96 billion exceeded the $4.27 billion average forecast by 25 analysts in a survey compiled by the company. It compared with $6.25 billion a year prior. British oil major BP beat expectations in the…

Continued demand for Uber Technologies ’ ride-share and delivery services boosted its revenue and adjusted earnings in the first quarter, despite concerns that high inflation and a potential recession could douse spending.  The San Francisco-based company said Tuesday that revenue for the three months through March rose 29% from a year earlier to $8.82 billion. It also increased the number of consumers and trips, and the value of transactions, on its platform. The sales expansion was in line with Wall…

Shoppers looking for price breaks on basics may have to wait. Consumers remained willing to pay more for burgers, soda, diapers and other everyday items in the beginning of the year, lifting sales of companies including McDonald ’s Corp., PepsiCo Inc., and Kimberly-Clark Corp. even as some executives warn that shoppers may be losing their appetite for price hikes.  Shoppers looking for price breaks on basics may have to wait. Consumers remained willing to pay more for…

Spotify Technology SA reported its strongest first-quarter user growth ever, but a soft ad business led to lower-than-expected revenue growth. During the quarter ended in March, the company laid off employees and reorganized its top brass, saying it aims to become more efficient this year following an intense period of spending. Spotify also introduced a new video feed for its app in a bid to boost user engagement. It overhauled its landing page to recommend music, podcasts and audiobooks to users…