News Highlights: Top Company News of the Day
April 26 2017 - 9:15AM
Dow Jones News
Procter & Gamble Warns Sales Could Decline
Procter & Gamble struggled to gain sales traction in the
latest period and the top line slipped below estimates in the
company's second full quarter since shedding the bulk of its beauty
business.
Twitter Revenue Slides for First Time Ever
Twitter reported its first quarterly decline in revenue since
going public, highlighting the stagnation the social-media company
is battling. Still, results weren't as bad as the market had
expected, vaulting shares 11%.
Boeing Raises Guidance, Though Sales Flag
Boeing Co. posted earnings well above expectations in the first
quarter and lifted its guidance for the year because of a tax
benefit, though sales flagged worse than analysts anticipated.
Pepsi Says Pricing Lifts Results
PepsiCo Inc. said higher pricing helped boost results in the
latest quarter as volumes of its snacks and beverages in North
America were pressured amid shifting consumer tastes.
Anthem Membership, Operating Revenue Beat Expectations
Anthem posted first-quarter revenue and profit increases as the
insurer said membership and operating revenue came in above its own
expectations
Credit Suisse to Raise Capital, Ditch Sale of Swiss Unit
Credit Suisse said it planned to raise about $4 billion of fresh
capital and abandon plans for a partial sale of its Swiss unit as
the banking giant reported a first-quarter profit that topped
analysts' expectations.
Standard Chartered Earnings Jump as Bad Loans Decline
Standard Chartered said its restructuring strategy is paying off
after pretax profit jumps and bad loans decline, raising
expectations the bank will start paying dividends again soon.
State Street Hurt by Hedge-Fund Outflows
State Street Corp. posted increases in assets under custody and
administration, as market appreciation and growth in U.S. asset
managers and electronically traded fund flows were partially offset
by continued outflows from hedge funds.
GlaxoSmithKline Net Income Boosted by Strong Sales, Weak Pound
GlaxoSmithKline said net income ballooned in the first quarter
due to strong sales growth newer drugs, a boost from a weak pound,
and a favorable year-earlier comparison.
Europe's Car Makers See Light at the End of the Tunnel
The European car industry received a confidence boost as the
continent's manufacturers continued to post a raft of positive
first-quarter results, raising expectations that the region will
book a strong year that brings it closer to its pre-crisis record
for new vehicle sales.
(END) Dow Jones Newswires
April 26, 2017 09:00 ET (13:00 GMT)
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