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Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
Archer Daniels Midland Co. ADM, +1.47% beat earnings and revenue expectations by a wide margin Tuesday morning, with its chief executive calling out “robust” worldwide demand. The agriculture and nutrition giant logged third-quarter net earnings of $1.03 billion, or $1.83 a share, up from $526 million, or 93 cents a share, in the year-prior period. […]
Raytheon Technologies Corp. RTX, -1.98% shares rose 0.7% in premarket trades on Tuesday after the aerospace and defense company beat its earnings target and hiked the bottom end of its range for its 2022 profit forecast, but fell short of its third-quarter revenue mark. Raytheon said its third-quarter profit dipped 1% to $1.39 billion, or […]
Shares of American Electric Power Co. Inc. AE, +1.93% ] rose 1.3% in midday trading Tuesday, after the electricity transmission company raised its quarterly dividend by 6.4%, to 83 cents a share from 78 cents. The new dividend is payable Dec. 9 to shareholders of record on Nov. 10. Based on current stock prices, the […]
Shares of Coca-Cola Co. KO, +1.89% ran up 2.6% in premarket trading Tuesday, after the beverage giant beat third-quarter profit and revenue expectations, as price increases helped offset ongoing cost inflation. Net income rose to $2.83 billion, or 65 cents a share, from $2.47 billion, or 57 cents a share, in the year-ago period. Excluding […]
Managed care company Centene Corp. CNC, +8.52% posted better-than-expected profit and revenue for the third quarter, boosted by a strong performance by Medicaid and Medicare. Centene had net income of $738 million, or $1.27 a share, in the quarter, up from $584 million, or 99 cents a share, in the year-earlier period. Adjusted per-share earnings […]