article (AP Photo/Richard Drew, File) U.S chemicals company DowDuPont’s revenue fell short of analyst estimates in the fourth quarter, hurt by currency effects and reduced sales of chemicals used in packaging and brake fluids. Continue Reading Below The company, formed by the $130 billion merger of chemical giants Dow Chemical […]
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AT&T misses 4Q phone subscriber estimates
(Reuters) – AT&T Inc on Wednesday missed fourth-quarter Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market. Continue Reading Below The second-largest U.S. wireless carrier by subscribers faces competition from companies such as […]
Pfizer full-year revenue forecast misses estimates
(Reuters) – Pfizer Inc forecast full-year revenue below estimates, after reporting a 2 percent rise in quarterly revenue. Continue Reading Below The company expects revenue of $52 billion to $54 billion, compared with the average analyst estimate of $54.25 billion. MORE FROM FOXBUSINESS.COM Revenue rose to $13.98 billion from $13.703 […]
Oil falls as US adds rigs, pointing to best January in 14 years
Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest gain in the month of January for 14 years. Continue Reading Below The ongoing trade […]
Oil up on Venezuela turmoil despite surging US supply
Oil prices rose on Friday as political turmoil in Venezuela threatened to reduce supply but fresh data on surging U.S. fuel stocks and global economic woes weighed on sentiment. Continue Reading Below The United States signaled on Thursday it may impose sanctions on Venezuelan exports after recognizing opposition leader Juan […]
D.R. Horton quarterly profit misses on higher home prices
U.S. homebuilder D.R. Horton Inc missed analysts’ estimates for first-quarter profit on Friday, as higher home prices made buyers delay purchases. Continue Reading Below The company’s shares fell 2.1 percent to $37.50 before the bell. MORE FROM FOXBUSINESS.COM “Sales prices for both new and existing homes have increased across most […]
Oil up on supply outlook but slowdown worries weigh
Oil prices rose on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. shale oil output in the coming years. Continue Reading Below A widespread economic slowdown, which may dent growth in demand for fuel, has weighed on energy prices, but some analysts believe that […]
United Tech profit beats on higher aero parts sales
article Industrial conglomerate United Technologies reported a better-than-expected fourth-quarter profit on Wednesday and forecast 2019 earnings above estimates, boosted by acquisition of aero parts maker Rockwell Collins. Continue Reading Below Shares of United Technologies, which makes Pratt & Whitney aircraft engines, Carrier air conditioners and Otis elevators, were up 4.6 percent at $116.25 in […]
Comcast results beat on lower-than-expected video losses
(Reuters) – Top U.S. cable services provider Comcast Corp reported quarterly revenue and profit above analysts‘ estimates on Wednesday, as it lost fewer video subscribers than expected and grew its broadcast television and theme parks businesses. Continue Reading Below Shares of the Philadelphia-based company, which also said it would raise its […]
EU fines Mastercard $648M over cross-border barriers
article The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union. Continue Reading Below “By preventing merchants from shopping around for better conditions offered by banks […]