Reuters Before the Bell: Verizon beats profit estimates as monthly phone subscribers jump

Click to View in Browser Thursday, August 1, 2019 Verizon beats profit estimates as monthly phone subscribers jump Verizon Communications Inc on Thursday beat second-quarter profit estimates as the largest U.S. mobile carrier added far more net new phone subscribers who pay a monthly bill than expected. Yum Brands earnings beat on Taco bell, KFC boost Yum Brands Inc beat Wall Street expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at KFC, Pizza Hut and Taco Bell. ADM profit plunges more than 40% on U.S. weather, trade war woes U.S. grains merchant Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that caused it significant supply-chain woes. Mind your backs, dollar coming through! The dollar charged to its highest in more than two years on Thursday after the Federal Reserve spoiled hopes of a run of U.S. interest rate cuts. Thomson Reuters raises outlook, grows fastest since financial crisis Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth in the second quarter, which it said was its best since 2008 and ahead of its expectations. Marathon Petroleum profit beats on higher crude shipments, retail strength U.S. refiner Marathon Petroleum Corp on Thursday beat estimates for quarterly profit, as it transported more crude through its pipelines and benefited from higher sales from its gas stations business. Cigna posts second-quarter profit beat, raises 2019 earnings forecast Health insurer Cigna Corp raised its forecast for full-year adjusted earnings on Thursday after posting a better-than-expected profit in the second quarter, helped by higher revenue from its pharmacy benefits unit and its commercial health plans. Bombardier posts loss, cuts profit forecast on rail division woes Canada's Bombardier Inc on Thursday reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division. Coffee baron's death fuels India Inc anger over government crackdown on wrongdoing The apparent suicide of India's coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion. Chinese billionaire indicted in U.S. for alleged $1.8 billion aluminum tariff evasion A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade $1.8 billion of tariffs by smuggling huge amounts of the metal into the United States, federal prosecutors said on Wednesday. Related Video Earnings Thursday: industrials in focus; Shell shocks S&P posts biggest drop since May 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