After the market closed on Monday, beverage giant Keurig Dr Pepper (NYSE: KDP) released first-quarter 2020 results that were good enough to excite investors. Quarterly net sales grew 4% year over year to $2.6 billion, and non-GAAP (adjusted) earnings per share (EPS) increased 16
The SARS-CoV-2 coronavirus outbreak has led to numerous interesting business experiments. In one that might have a big impact on logistics, CVS Health (NYSE: CVS) and UPS's (NYSE: UPS) UPS Flight Forward drone service are joining forces to fly prescription drugs to residents of
New Zealand's Metlifecare Ltd on Tuesday rejected a notice to terminate a NZ$1.49 billion ($899.66 million) buyout offer from Swedish private equity firm EQT AB and said it plans to go ahead with the deal.
Most retailers have struggled through the past few months as the coronavirus pandemic led to store shutdowns and lower demand for many products. The story was different at e-commerce giant Amazon.com (NASDAQ: AMZN), which had to hire thousands of new employees to keep up with or
(RTTNews) - Sterling Bancorp (STL) reported a first quarter adjusted net loss per share of $0.02 compared to profit of $0.50, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42, for the quarter. Analysts' estima
Nigeria on Monday slashed its May official selling prices (OSPs) for Bonny Light and Qua Iboe crude oil to record discounts versus dated Brent as an oil demand slump due to the coronavirus led to surging inventories and few buyers.
If Intercontinental Exchange (NYSE: ICE) gets its way, the New York Stock Exchange's iconic trading floor will once again be its usual hive of activity sometime soon.
What happened
Shares of GameStop (NYSE: GME), Hanesbrands (NYSE: HBI), and The Michaels Companies (NASDAQ: MIK), a handful of consumer goods and retail businesses, all jumped well over 10% Monday afternoon, with GameStop and Michaels topping 20%, after investors seemed encourage
(RTTNews) - Crane Co. (CR) reported first quarter earnings per share, excluding special items, of $1.15, compared to $1.45, prior year. The company estimates that COVID-19 related factors reduced earnings in the first quarter by approximately $0.15-$0.20. On average, five analys
JPMorgan is betting on a female banker to take the helm of its investment banking business in France as it seeks to bolster its leadership in one of Europe's hardest-hit markets from the coronavirus pandemic, two sources told Reuters.
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs.
(RTTNews) - J & J Snack Foods Corp. (JJSF) reported that its second-quarter earnings per share decreased 65% to $0.38 from $1.08 last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.90, for the quarter. Analysts
(RTTNews) - Quotient Limited (QTNT), Switzerland-based commercial-stage diagnostics company, Monday reported strong final study performance data for its SARS-CoV-2 antibody test.
(RTTNews) - Celanese Corp. (CE) said, due to uncertainties regarding the duration and impact of the COVID-19 pandemic, the company has decided to suspend its previously announced annual
adjusted earnings per share guidance for 2020. The company has identified and implemented str
South Korean consumers turned the most pessimistic in more than 11 years in April, a central bank survey found on Tuesday, as the coronavirus pandemic curbed business and social activity, fuelling worries of slowdown in Asia's fourth-largest economy.
It's been a little more than a month now since Boeing (NYSE: BA) told investors it will stop paying its dividend "until further notice." It could be another three to five years before they get it back.
(RTTNews) - Cathay General Bancorp (CATY) reported first quarter earnings per share of $0.59 compared to $0.83, prior year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.67, for the quarter. Analysts' estimates typicall
Pharmacy retailers CVS Health Corp and Walgreens Boots Alliance on Monday unveiled plans to expand COVID-19 testing capabilities to meet increasing demand. CVS Health currently operates large-scale COVID-19 rapid test sites in five U.S. states.