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Earnings Guidance

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Dow Inc on Thursday beat estimates for quarterly earnings and forecast a pick up in demand as more industries start to recover from the impact of the COVID-19 pandemic.

Consumer spending on big-ticket items such as furniture, home appliances and vehicles, to which Dow has significant exposure, has started to gain momentum after the pandemic hurt demand earlier in the year.

Chief Financial Officer Howard Ungerleider said on a post-earnings...


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AT&T Inc on Thursday reported the coronavirus pandemic had taken a heavy toll on its media business, but quarterly results were offset by more new phone subscribers than expected, which executives credited to the improved quality of its wireless network.

That helped AT&T beat revenue expectations. Total revenue was $42.3 billion during the third quarter ended Sept. 30, exceeding the average analyst expectation of $41.59 billion, according...


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Nestlé raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations on Wednesday with 4.9% growth driven by strong demand for pet food, coffee and health products.

Nestle shrugs off pandemic impact, raises guidance

The world’s biggest food group has weathered the COVID-19 pandemic better than some peers as its focus on high-growth categories helped offset a slump in food sales to ...


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Verizon Communications Inc beat estimates for third-quarter profit on Wednesday, helped by strong demand for its phone and internet services as offices and schools continued to operate virtually amid the COVID-19 pandemic.

The health crisis has brought global economies to a halt, but the telecom sector has been relatively less affected. With lockdowns easing, Verizon gradually reopened all of its company-operated retail stores in the quarter, implementing touch-less reta...


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U.S. weapons maker Lockheed Martin reported a better-than-expected third-quarter profit, helped by higher sales in its aeronautics unit which makes the F-35 fighter jet, and raised its full-year earnings forecast.

The U.S. defense sector has fared better compared with other industries amid a slump in demand due to the coronavirus pandemic, as the government has continued to purchase weapons while also providing support to defense ...


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Procter & Gamble Co raised its annual sales and earnings forecasts on Tuesday, as households continued their coronavirus-driven cleaning sprees, pushing quarterly sales of the consumer goods giant's home care products as much as 30% higher.

P&G’s shares, already up 14% this year, rose another 2% in early deals after the company released numbers that also showed strong gains in sales across most of its divisions....


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FRANKFURT (Reuters) - Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September.

Third-quarter earnings before interest and tax reached 3.07 billion euros ($3.59 billion), Daimler said, beating the 2.14 billion Refinitiv forecast. It said it expected the positive momentum to continue in the fourth quarter, assuming there are no further coronavirus lockdowns.

The COVID-19 pand...


AP News | Equities.com |

COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.

The drugstore chain said Thursday that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.

COVID-19 still hurt. The company estimated that the pandemic’s impact shaved about $520 million from its operating income in the most recent quarter. But Walgreens also grew sales and prescriptions in the United States and saw some improvement in the United Kingdom. Walgreens Boots Alliance Inc. runs more than 9,000 stores in the United States and several thousand locations internationally.


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UnitedHealth Group beat third-quarter earnings expectations and finally hiked its 2020 forecast after holding off while trying to gauge COVID-19’s impact.

But the nation’s largest health insurance provider also is thinking conservatively about its 2021 growth prospects as the coronavirus continues to spread widely.

Health insurers have approached 2020 forecasts cautiously, even though many reaped huge profits in the first half as the pandemic ke...


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Delta Air Lines said on Tuesday it does not expect to plug a daily cash bleed due to the COVID-19 pandemic until next spring, although it has at its disposal $1.3 billion in leftover federal aid for employees’ payroll.

The airline previously said it could halt a cash bleed that averaged $18 million per day in September before the end of the year, but pushed back the target as third-quarter revenue fell 76% to $3.1 billion from a year...