The company’s adjusted operating profit hit $117.9 million in the quarter, up 27.2 percent from a year earlier, on revenue of $712.2 million.
Category: Company Reports
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The New York Times Passes 13 Million Subscribers
The New York Times – Business: -
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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Tesla Profit Rises but Remains Below Earlier Highs
The New York Times – Business:The company is investing in robots and self-driving taxis that are not yet generating significant sales.
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A.I. Is Eliminating Jobs on Wall Street
The New York Times – Business:“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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UnitedHealth Group Reports Flat First-Quarter Earnings
The New York Times – Business:One of the nation’s largest insurers, the company’s profits were higher than analysts’ expectations but still fell short of showing a significant comeback.
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Corporate Profits Are at Record Highs. These 4 Factors Could Sink Them.
The New York Times – Business:Experts have different theories about what’s driving steep gains. But many agree the window for growth is shrinking.
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Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
The New York Times – Business:Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that “inflation will come.”
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
The New York Times – Business:Higher inflation is leading companies to raise prices without sacrificing margins.
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J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The New York Times – Business:The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Goldman Sachs Earnings Show Effects of Iran War
The New York Times – Business:It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.