Reuters Before the Bell: Procter & Gamble sales, profit beat expectations; shares rise

Click to View in Browser Tuesday, July 30, 2019 Procter & Gamble sales, profit beat expectations; shares rise Procter & Gamble Co's quarterly revenue and profit beat Wall Street expectations on Tuesday, boosted by price hikes and strong demand for its beauty products such as SK-II and Olay, sending its shares up about 4% before the opening bell. ConocoPhillips adjusted profit falls on lower crude prices Independent oil and gas producer ConocoPhillips reported an 11.6% drop in quarterly profit on Tuesday, as fears of slowing global economy weighed on crude prices. Under Armour cuts North America revenue forecast; shares fall 10% Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America, its biggest market, in the face of stiff competition from bigger rivals Nike Inc and Adidas AG , sending its share down 10%. Texas shale pioneers struggle to appease investors Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Eli Lilly tops revenue estimates on boost from diabetes drugs Eli Lilly and Co beat analysts' estimates for quarterly profit on Tuesday and raised its full-year earnings forecast, as higher sales of diabetes drugs Trulicity and Basaglar offset competition for its erectile dysfunction drug, Cialis. Huawei warns on U.S. ban after China smartphone sales drive first-half revenue Chinese tech giant Huawei Technologies warned on Tuesday a U.S. trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23% thanks to soaring smartphone sales at home. Merck profit beats on strong demand for Keytruda, vaccines Merck & Co Inc reported higher-than-expected second-quarter profit on Tuesday, powered by strong demand for its cancer immunotherapy Keytruda and vaccines, sending its shares up 3% in early trading. U.S., China move trade talks to Shanghai amid deal pessimism U.S. and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war. D.R. Horton tops estimates on higher home sales, lower mortgage rates No.1 U.S. homebuilder D.R. Horton Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, boosted by higher home sales and declining mortgage rates. Xerox cuts full-year revenue forecast Xerox Inc cut its full-year revenue forecast on Tuesday, citing organizational changes, primarily in North America. Related Video European shares hit by Bayer, Lufthansa; FTSE shines on BP, sterling slump 100 million affected in Capital One data breach Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook