Reuters US Business

By Ananta Agarwal (Reuters) -D.R. Horton forecast 2025 revenue and home deliveries below estimates on Tuesday, as volatile mortgage rates stoked buyer uncertainty and the builder employed discounts to whip up demand, sending its shares about 11% lower. The largest U.S. homebuilder also missed estimates for fourth-quarter profit and revenue. The results pulled down shares …

D.R. Horton sees downbeat 2025 sales on buyer uncertainty, shares drop Read More »

(Reuters) – Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand. The company, which owns nearly 72,000 miles of U.S. pipeline systems, has moved more fuel this year than before as it expands …

Refiner Phillips 66 reports Q3 profit beat on midstream, chemicals strength Read More »

By Ananya Mariam Rajesh and Doyinsola Oladipo (Reuters) -Royal Caribbean lifted its annual profit forecast on Tuesday for the fourth time this year, driven by strong demand at higher prices for its voyages to private destinations, as well as its European and Alaskan vacations. Cruise operators have signaled that revenge travel – which boosted bookings …

Royal Caribbean raises annual profit forecast on strong cruise demand, price hikes Read More »

(Reuters) -JetBlue Airways forecast a bigger-than-expected fall in 2024 revenue amid a moderation in domestic travel demand ahead of the upcoming U.S. elections, sending its shares down 14% in early trading on Tuesday. Election-related uncertainty is expected to weigh on travel demand as consumers prefer to be home and hold off on major discretionary spending. …

JetBlue forecasts full-year revenue below Street estimates, shares fall Read More »

(Reuters) – Gorilla Glass maker Corning fourth-quarter profit forecast beat estimates on Tuesday, as rising consumption of data over networks, including for generative AI model training, continues to increase demand for its optical fiber products. Shares of the company were up 5.7% in morning trading. A shift in data consumption patterns, including cloud computing and …

Corning forecasts upbeat quarterly results on robust demand for optical fiber Read More »