Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $2.07 per...
Materials science company Dow, Inc. (DOW) reported Thursday that net income for the second quarter declined from last year, hurt by lower integrated margins, higher planned maintenance activity and a 4 percent decline in net sales. Both Adjusted earnings per share and quarterly net sales missed analysts\' estimates. \"In the second quarter, Team Dow delivered...
Indian shares opened lower on Thursday, with weak global cues and renewed concerns over an unexpected increase in short and long-term capital gains taxes in the Budget weighing on sentiment. The benchmark S&P/BSE Sensex was down 400 points, or half a percent, at 79,747 in early trade while the broader NSE Nifty index slid 139...
European stocks are set to open lower on Thursday after U.S. stocks fell the most in more than 18 months overnight, led by steep declines for technology stocks. However, gains in U.S. equity futures may help limit losses after IBM\'s second-quarter results surpassed revenue and earnings expectations. On the contrary, Ford shares fell sharply in...
Business confidence from Germany and monetary aggregates from the euro area are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden publishes household lending and producer prices for June. At 2.45 am ET, France\'s statistical office ISTAT is scheduled to issue business confidence survey results. The...
Toy and game company Hasbro, Inc. (HAS) reported Thursday net earnings attributable to Hasbro for the second quarter of $138.5 million or $0.99 per share, compared to a net loss of $235.0 million or $1.69 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $1.22 per share, compared to $0.49...
RPM International, Inc. (RPM) reported Thursday that net income attributable to RPM for the fourth quarter grew to $180.61 million or $1.40 per share from $151.36 million or $1.18 per share in the prior-year quarter. Excluding special items, adjusted earnings for the quarter was $1.56 per share, compared to $1.36 per share in the year-ago...
While reporting financial results for the second quarter on Thursday, rural lifestyle retailer Tractor Supply Co. (TSCO) slighted adjusted its earnings, net sales and comparable store sales guidance for the full-year 2024. Looking ahead to fiscal 2024, the company now projects earnings in a range of $10.00 to $10.40 per share on net sales between...
While reporting financial results for the second quarter on Thursday, metals service center company Reliance, Inc. (RS) said it expects adjusted earnings for the third quarter in a range of $3.60 to $3.80 per share, as the company expects its average selling price per ton sold for the quarter to be down 2 to 4...
While reporting financial results for the second quarter on Thursday, biopharmaceutical company AbbVie, Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2024. For fiscal 2024, AbbVie now projects adjusted earnings in a range of $10.71 to $10.91 per share, which includes an unfavorable impact of $0.60 per share related to acquired IPR&D and...