Bhinneka News Online: Reuters Before the Bell: Verizon raises full-year profit forecast

Tuesday 23 April 2019

Reuters Before the Bell: Verizon raises full-year profit forecast

Click to View in Browser

Tuesday, April 23, 2019

Verizon raises full-year profit forecast

Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly earnings, as the largest U.S. wireless carrier prepares for a wider 5G services rollout in the United States.

German prosecutors probe bonus payments to suspended VW manager

German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker's emissions cheating scandal.

Lockheed Martin raises 2019 profit, shares rise

Pentagon's No.1 weapons supplier Lockheed Martin Corp on Tuesday reported a 47 percent jump in quarterly profit and raised its 2019 profit forecast, sending shares up 4.5 percent before the bell.

Stock futures point to flat Wall Street open as earnings roll in

U.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from Coca-Cola, Twitter and a handful of industrial companies.

U.S. may follow China with first quarter GDP upside surprise

A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year.

Oil hits highest since November as U.S. to tighten Iran sanctions

Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Harley-Davidson profit way above estimates as Trump weighs in

Harley-Davidson Inc on Tuesday surged past expectations for first-quarter profit and stuck to its full-year shipment forecasts in the face of concerns over falling U.S. sales and European import tariffs, sending its shares up 3 percent.

Coca-Cola sales, profit beat on strong demand for water, soft drinks

Coca-Cola Co beat estimates for quarterly sales and profit on Tuesday, as it sold more water and soft drinks, including its signature soda and Coke Zero, sending its shares up 4 percent before the bell.

P&G sales, profit beat estimates on higher prices

Procter & Gamble Co's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher prices and more demand for its premium fabric care and beauty products.

United Technologies quarterly profit beats, shares rise

United Technologies Corp reported a higher-than-expected quarterly profit on Wednesday, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year's Boeing 737 MAX groundings.