Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
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Nike Increased Prices Along With Everyone Else and Now Discounts Are Mounting
The sneaker giant said that product markdowns as well as higher costs for product input, freight and logistics weighed on...
General Mills Posts Underwhelming Sales as Retailers Tighten Inventories
The maker of Cheerios and Bisquick pancake mix said its top line rose 3%, boosted by higher prices. Source link
Walgreens Lowers Financial Outlook Amid Weaker Retail Consumer Spending
The drugstore chain says it will step up cost-cutting measures and boost the long-term profitability of its healthcare business. Source...
Bargain Hunters Turn to Walmart, Boosting Sales
The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the...
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
Tyson Foods Stock Plummets After It Slashes Outlook for 2023
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Apple Finds Strength in India as Overall Sales Fall for Second Straight Quarter
The company logged strong iPhone growth in places such as India, Indonesia, Latin America and the Middle East, a sign...
Peloton’s Progress in Narrowing Losses Falls Short of Expectations
The exercise-equipment company continues to sit on high levels of unsold web-connected bikes and treadmills. Source link
Ford Posts $1.8 Billion Profit, Cuts Mustang Mach-E EV Prices
The auto maker’s earnings are lifted by demand for high-end models. Source link
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
Caterpillar Lifts Sales With Higher Prices as Demand Holds Strong
The construction-equipment maker said sales volumes rose in the first three months of the year, though services sales volumes fell....
Airlines Get Ready for Busy Summer as Travel Ramps Up
American and Southwest project a busy travel season after a winter slowdown. Southwest plans to reduce some flights this year...
Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year
The company reported revenue of $28.6 billion, up 3% from a year prior, as it continues to improve after the...
Microsoft Revenue Growth Stays Low as Economic Concerns Hurt Demand
The software giant’s cloud-computing business has decelerated as companies become more cautious. Source link
GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV
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3M to Cut 6,000 Jobs in Second Round of Layoffs This Year
The company also reported lower income and sales for the first quarter. Source link
Rocket Motor Shortage Curbs Weapons for Ukraine
BusinessEarningsLockheed Martin projects steady Ukraine-driven sales in 2023 Source link
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
