Hasbro cut its annual revenue forecast for the second time this year on weak toy demand and joined rival Mattel to warn of choppy holiday-quarter sales, sending its shares down 12% before the bell.
Tobacco giant Altria Group cut its annual profit forecast on Thursday as smokers increasingly swapped out its more expensive cigarettes for cheaper brands or smoking alternatives.
Some of Europe’s top companies, including Volkswagen and Unilever warned on Thursday that business in the region is increasingly tough, underscoring concerns that the full impact of high inflation and borrowing is now being felt by consumers.
Textron Inc on Thursday raised its full-year adjusted earnings forecast after beating estimates for quarterly profit, betting on demand for its business jets despite higher prices.
CenterPoint Energy Inc on Thursday raised its full-year profit outlook and announced that chief executive officer David Lesar will retire early next year.
ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the sector picks up pace.
Newmont Corp on Thursday fell short of Wall Street estimates for third-quarter profit, as the world’s largest gold miner struggled with weak production.
As Walt Disney Studios turns 100, investors worry it’s beginning to show its age. But adapting to the times is not a new challenge for Disney, rather it’s been a point of survival throughout the company’s history.
Manchester United on Thursday forecast higher fiscal 2024 revenue after reporting a smaller fourth-quarter net loss as the English Premier League club benefited from an increase in ticket sales and sponsorship revenue.
