Food and beverage company PepsiCo (NASDAQ:PEP) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 1.8% year on year to $17.92 billion. Its non-GAAP profit of $1.48 per share was 0.8% below analysts’ consensus estimates.
The German government forecast Thursday that the country's economy, Europe's biggest, will stagnate this year as U.S. President Donald Trump's tariffs and trade threats weigh on its performance following months of political uncertainty. Outgoing Economy Minister Robert Habeck said the government cut its 2025 outlook to zero from the modest growth of 0.3% it predicted at the end of January. “There is above all one reason for this, namely Donald Trump's trade policy and the effects of the trade policy on Germany,” Habeck told reporters in Berlin.
Global airline American Airlines (NASDAQ:AAL) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $12.55 billion. Its non-GAAP loss of $0.59 per share was 12.1% above analysts’ consensus estimates.
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund reported its biggest loss in six quarters in what was a roller-coaster period for markets globally, with the decline largely caused by a drop in the value of technology companies.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe Racial Wealth Gap Is Not Just About MoneyTo Fuel Aff
Swimming pool distributor Pool (NASDAQ:POOL) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 4.4% year on year to $1.07 billion. Its GAAP profit of $1.42 per share was 4.1% below analysts’ consensus estimates.
The world’s largest cryptocurrency exchange is offering digital asset managers special omnibus accounts that allow pooling of their investors’ assets.
Rural goods retailer Tractor Supply (NASDAQ:TSCO) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 2.1% year on year to $3.47 billion. The company’s full-year revenue guidance of $6 billion at the midpoint came in 61.8% below analysts’ estimates. Its GAAP profit of $0.34 per share was 7.9% below analysts’ consensus estimates.
Shares of Procter & Gamble dipped Thursday morning after the consumer goods giant's fiscal third-quarter sales came in below analysts' estimates and it cut its full-year outlook.
Boat and marine products retailer MarineMax (NYSE:HZO) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 8.3% year on year to $631.5 million. Its non-GAAP profit of $0.23 per share was 19.3% above analysts’ consensus estimates.
