Kimberly-Clark earnings miss, Revenue beats in Q3 – Kimberly-Clark (NYSE:) reported on Tuesday third quarter that missed analysts’ forecasts and revenue that topped expectations. Kimberly-Clark announced earnings per share of $1.40 on revenue of $5.10. Analysts polled by anticipated EPS of $1.46 on revenue of $5.02B. Kimberly-Clark shares are down 18% from the beginning of the year and are trading … Read more

Wild US Core Inflation At 40-Yr High, Beats Estimates; Dow, Nasdaq Futures Crash

By Malvika Gurung — The US (CPI) for September 2022 came in higher than expected on Thursday, rising 0.4% from August 2022, compared to an forecast of a 0.2% MoM rise. The annual consumer inflation in the US was reported at 8.2% in September 2022 by the US Bureau of Labor Statistics, higher … Read more

Slowing Investments Into Fulfilment Services Will Fuel Amazon’s Profit Beats

© Reuters. By Senad Karaahmetovic  A Morgan Stanley analyst reiterated a Top Pick designation on Amazon (NASDAQ:) shares as he sees a nearly 50% upside from current levels. The firm’s deep dive into Amazon’s fulfillment utilization implies the e-commerce giant has built enough capacity until Q4 2024, which makes the analyst very confident that Amazon … Read more

New Zealand Q2 GDP Beats Expectations, Avoids Recession

By Ambar Warrick– New Zealand’s economy grew more than expected in the second quarter, data showed on Thursday, as the country began rolling back restrictions introduced during the Omicron COVID-19 outbreak earlier in the year. grew 1.7% in the June quarter from the prior one, more than expectations of 1%. At an , GDP rose … Read more