Wall Street’s top financiers struck a pessimistic tone about the global economy at a flagship gathering in Saudi Arabia aimed at deal brokering, as a violent conflict between Israel and Hamas that has killed thousands of people unfolds.
Sherwin-Williams raised its annual profit forecast on Tuesday after reporting better-than-expected quarterly results, as price hikes helped offset lower sales volumes across its businesses, sending its shares up 2% in premarket trading.
Danaher on Tuesday beat Wall Street estimates for third-quarter profit as strong demand for its diagnostic tests for respiratory diseases helped soften the blow from weaker sales at the healthcare conglomerate’s life-sciences unit.
Industrial equipment manufacturer Dover cut annual profit forecast on Tuesday, as it expects higher costs associated with inventory storage and lower demand from the biopharma and automotive industries to dampen earnings.
HCA Healthcare missed Wall Street estimates for quarterly profit on Tuesday, hurt by an increase in staffing costs and weak sales at its physician staffing joint venture Valesco, sending its shares down 10% in premarket trading.
NextEra Energy reported third-quarter profit that beat Wall Street estimates on Tuesday, on the back of additional projects at its renewable energy unit.
PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing homes.
Halliburton reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America.
Kimberly-Clark lifted its annual profit forecast for the third time this year after its quarterly profit beat estimates on Tuesday, backed by higher prices and resilient demand for personal care products.
Archer-Daniels-Midland beat Wall Street expectations for third-quarter profit on Tuesday, as the grain trader and processor benefited from strong export demand for biodiesel.
