Edition:
India

Soundarya J

Estee Lauder sees no slowdown in China, forecasts robust fiscal 2020

19 Aug 2019

Estee Lauder Cos Inc on Monday forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skin care products soared, propelling its shares to a record high. | Video

P&G posts strong sales, takes $8 billion Gillette writedown

30 Jul 2019

Procter & Gamble Co's quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world's No.1 personal goods company took an $8 billion charge on its Gillette shaving business.

Hershey's tepid annual forecast overshadows quarterly profit beat

25 Jul 2019

Hershey Co reported a better-than-expected quarterly profit on Thursday, but forecast 2019 earnings below Wall Street expectations as the chocolate maker expects the benefits from recent price increases to be pushed out to next year.

Toymaker Hasbro profit draws power from 'Avengers', 'Magic' card game

23 Jul 2019

Hasbro Inc on Tuesday beat Wall Street estimates for quarterly profit, powered by higher demand for action toys of blockbuster "Avengers: Endgame" and collectible card game Magic: The Gathering, sending its shares to a record high.

Deutsche Bank held talks with Citi, BNP on shedding chunk of equities business: Wall Street Journal

03 Jul 2019

Deutsche Bank has held talks with Citigroup Inc , BNP Paribas SA and others over the possible sale of parts of its equities business, the Wall Street Journal reported on Tuesday.

U.S. dollar stores warn of tariff hit after reporting upbeat sales

30 May 2019

Two of America's largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit U.S. shoppers, after reporting strong quarterly sales that sent their shares up about 6%.

UPDATE 2-U.S. dollar stores warn of tariff hit after reporting upbeat sales

30 May 2019

May 30 Two of America's largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit U.S. shoppers, after reporting strong quarterly sales that sent their shares up about 6%.

Capri forecast hit by higher Versace spending, Michael Kors weakness

29 May 2019

Capri Holdings Ltd forecast current-quarter profit below estimates on Wednesday as it plans to invest heavily in its luxury brand, Versace, while battling weak demand in its Michael Kors business, sending its shares down 10%.

UPDATE 3-Capri forecast hit by higher Versace spending, Michael Kors weakness

29 May 2019

May 29 Capri Holdings Ltd forecast current-quarter profit below estimates on Wednesday as it plans to invest heavily in its luxury brand, Versace, while battling weak demand in its Michael Kors business, sending its shares down 10%.

Ralph Lauren's North America woes cloud profit beat, shares down nearly 8%

14 May 2019

Luxury apparel maker Ralph Lauren Corp beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.

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