Tag: estimate

McCormick Beats Quarterly Estimates on Higher Prices, Reiterates Outlook

April 3, 2023
Business & MarketsCompaniesestimateMcCormickQuarterly
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McCormick & Co Inc. beat first-quarter sales and profit expectations last week as the Cholula sauce maker benefited from multiple prices increases. The Maryland-based food company had been raising prices of its products, including spices, blends, and seasonings to help offset costs pressure from pandemic-induced supply chain disruptions and higher labor charges. The company’s gross…

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JPMorgan Profit Beats Estimates on Gains From Higher Interest Rates

October 14, 2022
Business & MarketsCompaniesestimateJPMorganMarketsprofit
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JPMorgan Chase & Co. reported a smaller-than-feared drop in third-quarter profit on Friday, as a rise in interest income cushioned a blow from higher loan loss provisions and a slump in dealmaking due to a worsening economic outlook. Shares of the largest U.S. bank rose nearly 4 percent after the results, which are being closely…

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Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit

April 20, 2022
Business & EconomyCompanieseconomic policieseconomyestimateEuropeHasbroInternationalMarketsprofitRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
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Toymaker Hasbro Inc. on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia’s invasion of Ukraine. Hasbro’s shares fell 2 percent to $81.80 in low-volume premarket trading as a jump in freight and raw material costs bit into the company’s…

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Nike Warns on Holiday Delays, Cuts Full-Year Sales Estimate

September 24, 2021
Business & EconomyCompaniesdelaysEconomieseconomyestimateholidayLocal NewsMarketsNikeRegional-Local NewssalesUSUS News
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Nike Inc. on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit. Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more…

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Boeing Lifts China Jet Demand Estimate Over 2 Decades to $1.47 Trillion

September 23, 2021
BoeingBusiness & EconomyChinaChina Business & EconomyCompaniesdemandeconomyestimateIllinoisJetLocal NewsRegional-Local NewsUSUS-China relations
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BEIJING—Boeing Co. raised its forecast slightly on Thursday for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from COVID-19 and future growth in its budget airline sector and e-commerce. Chinese airlines will need 8,700 new airplanes through 2040, 1.2 percent higher than its previous prediction of 8,600 planes made…

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