Tobacco giant Altria Group on Tuesday edged past Wall Street revenue and profit expectations, buoyed by demand for spitless nicotine pouches and higher pricing.
The pace and scale of interest rate hikes across major developed and emerging economies shifted into a lower gear in July with policy makers adopting a more cautious approach in the face of varied inflation rates and a lacklustre global growth backdrop.
Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen.
Stanley Black & Decker reported a lower-than-expected loss in the second quarter on Tuesday, as cost cut measures cushioned a hit from cooling demand for its power tools.
Norwegian Cruise Line Holdings forecast third-quarter profit below estimates on Tuesday, as higher fuel costs reverse its gains from pent-up demand for cruise bookings and raised ticket prices.
India’s Godrej Agrovet Ltd reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses.
India’s Thermax on Tuesday posted a smaller-than-expected 1.7% rise in first-quarter profit, dragged by slow sales growth and an exceptional cost due to ongoing litigation.
Futures linked to Canada’s main stock index fell on Tuesday as commodity prices slipped, while investors awaited manufacturing data from the U.S. and Canada hoping for more cues that would bolster bets for an end to interest rate hikes.
JetBlue Airways Corp cut its full-year profit forecast on Tuesday, citing a hit from the termination of its revenue-sharing deal with American Airlines that triggered an 8% fall in its shares in premarket trading.
Marriott International Inc raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher room rates and resilient travel demand to boost its earnings.
