Latest news with #quarterly results
Yahoo
2 days ago
- Business
- Yahoo
Procter & Gamble names operating chief Shailesh Jejurikar as CEO
(Reuters) -Procter & Gamble on Monday said operating chief Shailesh Jejurikar will be its new CEO, succeeding Jon Moeller, effective January 1, 2026. Moeller will take up the role of the U.S. consumer good maker's executive chairman, Procter & Gamble said. The company is set to announce its quarterly results on Tuesday. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
6 days ago
- Business
- Yahoo
Keurig Dr Pepper quarterly revenue beats expectations fueled by US demand
(Reuters) -Keurig Dr Pepper reported second-quarter slightly revenue above Wall Street expectations on Thursday, driven by strong demand for its energy drinks and soft beverages, especially in the U.S. WHY IT IS IMPORTANT The Snapple maker enjoyed resilient demand for its higher-priced ready-to-drink beverages, including Yoo-Hoo and Crush, and through the popularity of its majority-owned energy-drink maker, Ghost. The company's results mirror those of bigger rivals PepsiCo's and Coca-Cola's, both of which recently beat quarterly estimates on strong demand. KEY QUOTE "Though the back half will present new challenges, we are on track to deliver our 2025 outlook," said CEO Tim Cofer. MARKET REACTION Shares of Keurig Dr Pepper, which rose about 4% so far this year, were flat in premarket trading. CONTEXT Instability arising from U.S. President Donald Trump's fluctuating tariff policies and the resulting trade tensions has led to a decline in consumer spending. Keurig also faces a direct risk from tariffs on its business in Canada and Mexico, especially due to the Canadian boycott of U.S. products, and the impact of tariff-driven coffee prices. BY THE NUMBERS Net sales for the quarter rose 6.1% to $4.16 billion, compared with estimates of $4.14 billion, according to data compiled by LSEG. Keurig Dr Pepper posted an adjusted profit of 49 cents per share, in line with analysts' estimates. The Sun Drop maker's volumes grew 5% compared to a 1.8% rise a year ago, with Ghost contributing 4 percentage points to the volume growth. Net sales in the U.S. beverages segment rose 10.5% compared to a 3.3% rise in the year-ago quarter. The company continues to expect annual net sales to grow in the mid-single-digit range and adjusted profit to grow in the high-single digits. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
21-07-2025
- Business
- Reuters
India's HDFC Bank, ICICI Bank rise on upbeat quarterly results
July 21 (Reuters) - Shares of HDFC Bank ( opens new tab and ICICI Bank ( opens new tab, India's top private lenders by market capitalisation, rose nearly 2% on Monday, after their quarterly results inspired confidence about their ability to maintain healthy loan growth. The stocks, among the heaviest on the Nifty 50, drove the banks index (.NSEBANK), opens new tab and private banks index (.NIFPVTBNK), opens new tab higher by 0.4% and 0.3%, respectively. India's benchmark Nifty 50 (.NSEI), opens new tab index was trading flat. Both the lenders reported on Saturday their June quarter profits that beat analysts estimates, as they benefited from healthy loan growth, which boosted core lending income.
Reuters
17-07-2025
- Business
- Reuters
European shares rise after four-day drop as ABB shines
July 17 (Reuters) - European shares rose on Thursday after four consecutive sessions of losses, supported by strong quarterly results from Switzerland's ABB and optimism over a potential trade deal between the United States and the European Union. The pan-European STOXX 600 index (.STOXX), opens new tab up 0.8% as of 0718 GMT. ABB (ABBN.S), opens new tab jumped 8.2% after the engineering firm posted record quarterly order intake, driven by strong U.S. demand and for products used in data centres to support artificial intelligence. Shares of rivals Siemens ( opens new tab and Schneider Electric ( opens new tab added 3.6% and 5.8% respectively. The three firms were among the top boosts to the European benchmark index. European chipmakers also recouped some losses from the previous session as TSMC ( opens new tab, the world's main producer of advanced AI chips, posted record profit in the second quarter. ASML ( opens new tab rose 1.7% following 11% drop on Wednesday. In trade, EU's trade chief Maros Sefcovic headed to Washington on Wednesday for tariff talks, and is expected to meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, an EU spokesperson told Reuters. Meanwhile, investors awaited for clarity on U.S.-EU trade talks as the bloc readied retaliatory measures if negotiations with Washington failed. On Wednesday U.S. President Donald Trump eased market anxiety after denying reports that said was planning to fire Federal Reserve Chair Jerome Powell soon. He confirmed he floated the idea with Republican lawmakers and renewed his criticism of the Fed chief for not cutting interest rates. Among other stocks, Evolution ( opens new tab gained 6.5% after the Swedish gaming technology company reported its second-quarter results.
