Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company's organic sales in Greater China, its second-largest market, fell 15% in the fiscal first quarter. As home prices drop and jobless rates rise in the country, shoppers have pulled back...
Insurer Travelers beats profit estimate on underwriting strength, investment gains
Travelers Insurance offices in New York City. Adam Jeffery | CNBC Travelers Companies' third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing...
Nike withdraws guidance, postpones investor day as it gears up for CEO change
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a...
Nike reports earnings after the bell. Here’s what Wall Street expects
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty Images Nike will report quarterly earnings Tuesday as investors brace for another set of less-than-stellar results. The company announced in September that...