FILE PHOTO: The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday beat first-quarter estimates and hiked its revenue and profit guidance for the year, as the drugmaker cuts costs. The company now expects 2025 […]
American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year. “We came off a strong fourth quarter, saw decent business in January and really domestic leisure travel fell off considerably as we went into the
American Airlines withdraws 2025 forecast on murky economic outlook Read More »
Tide laundry detergent is shown on display in Compton, California. Mike Blake | Reuters Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell. The company, which owns Tide and Charmin, also slashed its full-year forecast for its core earnings per share and revenue. Shares of the company fell 2%
Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition. While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total
Comcast beats first-quarter earnings estimates despite losing broadband customers Read More »
Bottles of Pepsi soda are displayed in a store on March 17, 2025 in New York City. Spencer Platt | Getty Images PepsiCo on Thursday reported mixed quarterly results as its international sales offset weaker demand in North America. The food and beverage giant also cut its forecast for core constant currency earnings per share,
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images President Donald Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday to
Trump considering exemption for automakers on some tariffs, White House says Read More »
Chipotle Mexican Grill on Wednesday reported weaker-than-expected quarterly revenue after its same-store sales declined for the first time since 2020. Executives cited both a slowdown in consumer spending and adverse weather as two of the factors that dampened demand for its burritos and bowls. The company also lowered the top end of its outlook for
Chipotle is seeing a ‘slowdown’ in consumer spending as 2025 gets off to a rough start Read More »
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on January 6, 2024 in Seattle, Washington. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected
Alaska Airlines warns of slower demand as second-quarter profit outlook falls short Read More »
LAS VEGAS, NEVADA – MARCH 15: A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis on March 15, 2025 in Las Vegas, Nevada. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Southwest Airlines said Wednesday that it will reduce its capacity in
Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’ Read More »
Ford Motor Company’s electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images DETROIT – When President Donald Trump hinted last week at a reprieve from 25% auto tariffs, he suggested it would be to allow automakers more
Trump wants automakers to move vehicle production to the U.S. It’s not that simple Read More »
