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U.S. Weekly Jobless Claims Rebound From Nine-Month Low

U.S. Weekly Jobless Claims Rebound From Nine-Month Low

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by slightly more than expected in the week ended February 4th. The Labor Department said initial jobless claims rose to 196,000, an increase of 13,000 from the previous week's unrevised level of 183,000.
RTTNews | 734 days ago
Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

Ralph Lauren Reaffirms FY23 Revenue Growth Outlook - Update

While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to increase mid- to high-single digits in constant currency for the fourth quarter. Including last year's 53rd week, the Company expects reported revenue to increase 1% to 2% in constant currency to last year.
RTTNews | 734 days ago
BoE Chief Says Inflation Likely To Remain Persistent

BoE Chief Says Inflation Likely To Remain Persistent

Bank of England Governor Andrew Bailey said he is concerned about the continued persistence of inflation but forecast the rate to ease sharply this year. At the Treasury Select Committee hearing, Bailey said policymakers are concerned about persistence of inflation. That is why the monetary policy committee raised the interest rate.
RTTNews | 734 days ago
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Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update

Baxter International Guides Q1, FY23 Adj. EPS Well Below Estimates; To Cut 5% Jobs - Update

While reporting financial results for the fourth quarter on Thursday, health care company Baxter International Inc. (BAX) initiated earnings, adjusted earnings and sales growth guidance for the first quarter and for the full-year 2023. The company said the guidance for 2023 reflects a challenging first half of the year due to increased cost of sales resulting from elevated costs of inventory produced in the second half of 2022, reflecting the significant inflationary pressures the company experienced, that will impact earnings when the related inventory is sold in 2023. Baxter expects the impact from these inflationary pressures on its earnings to begin to ease in the second half of the year.
RTTNews | 734 days ago
Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter declined to $297.2 million or $0.76 per share from $357.9 million or $0.90 per share in the prior-year quarter.
RTTNews | 734 days ago
Duke Energy Q4 Results Top Estimates; Reaffirms FY23 Outlook

Duke Energy Q4 Results Top Estimates; Reaffirms FY23 Outlook

Duke Energy Corp. (DUK) reported on Thursday a net loss available to common stockholders for the fourth quarter of $531 million or $0.71 per share, compared to net income of $732 million or $0.93 per share in the prior-year quarter.
RTTNews | 734 days ago
PepsiCo Q4 Core EPS Beats Market, Lifts Dividend; Sees Growth In FY23

PepsiCo Q4 Core EPS Beats Market, Lifts Dividend; Sees Growth In FY23

Snack and beverage giant PepsiCo Inc. reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Adjusted earnings and top line beat market estimates. Further, the company lifted its dividend and announced around $1 billion share buyback. Looking ahead for fiscal 2023, PepsiCo expects growth in organic revenues and core earnings, which is below current market estimates.
RTTNews | 734 days ago
Sweden Central Bank Hikes Rate; Starts Bond Sales

Sweden Central Bank Hikes Rate; Starts Bond Sales

Despite weak economic activity, Sweden's central bank raised its benchmark rate by half-percentage point to curb the weakness in currency and also decided to sell government bonds to reduce the asset holdings at a faster pace. At the first monetary policy meeting of Erik Thedéen as the governor of Riksbank, the Executive Board lifted the policy rate by 50 basis points to 3.00 percent
RTTNews | 734 days ago

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