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Added on the 29/07/2019 06:17:58 - Copyright : Wochit
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Merck posted better than expected sales and profit. The company getting a boost from its diabetes drug Januvia, but strong dollar concerns linger. Shartia Brantley reports.
Shares of Pepsi are up two percent, after the company posted better-than-expected fourth-quarter results despite the effects of a stronger dollar.
Climate activists stage a demonstration warning of "polluted" profits outside Unilever's HQ in London on eve of the company's annual earnings announcement. IMAGES
Greenpeace activists dressed as Shell board members hold a mock profits party behind a burning sign reading "Your Future" outside the company's headquarters as it released its annual results. Shell announced a post-tax profit of $19.4 billion for 2023, a slump from $42.3 billion in 2022 when prices soared to a record on the Ukraine conflict. IMAGES
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