The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. The US Producer Price Index (PPI) business-level …
Read More »Procter & Gamble’s earnings surge on new products
Procter & Gamble reported a 4.14% increase in sales volume for categories like hair care and family care in the latest quarter, with organic sales rising 4% in Q2 excluding currency fluctuations, acquisitions, and divestitures. The company’s shift to a combination of price-driven growth and volume-driven growth is now strengthening. …
Read More »Procter & Gamble record very strong earnings on price hikes
Procter & Gamble reported slightly better fiscal quarter results than Wall Street had anticipated due to higher prices. CEO Jon Moeller stated that consumers remain strong and seek brands they know and trust. P&G benefits from a decline in commodity prices, particularly in petro and pulp prices, but labour costs …
Read More »Procter & Gamble revenue and profit fall
Procter & Gamble reported year-over-year declines in revenue and profit on Thursday, as higher prices look to offset declining sales volumes and foreign exchange headwinds. Here’s how P&G performed in its fiscal second quarter of 2023 compared with what Wall Street anticipated, based on an average of analysts’ estimates compiled …
Read More »US equities surge on positive forecasts from Apple, Amazon
The Nasdaq and the S&P 500 indexes rose on Friday and were seen on track for their biggest monthly gain in nearly 20 months, after positive earnings updates from Amazon.com and Apple, on hopes of a less aggressive monetary policy.Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon© Reuters. …
Read More »Shares fall after Procter & Gamble’s warning on price rises
P&G shares fell 3.5 per cent in premarket trading after the company has warned that cash-strapped customers were increasingly reluctant to accept higher prices, as the US consumer goods group flagged slower sales growth in the next 12 months.The maker of Tide detergent, on Friday, reported a 1 per cent …
Read More »Q3 Earnings surge, signaling significant market improvement
Earnings of major banks and companies have tended to decide both the market status and sentiment since mid-October, as dozens of companies either already reported of will report their financial statements next week and through early November.NetflixIn a solid beat, Netflix shares were on the uptrend after the bell on …
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