Reuters US Economy

(Reuters) -Parker-Hannifin reported a third-quarter profit on Thursday that beat analysts’ estimates on the back of steady demand for aircraft parts and components. The company, which supplies airframes and engine components to Boeing and Airbus, is benefiting from a surge in demand as planemakers ramp up production. A shortage of new jets has also prompted …

Parker-Hannifin’s third-quarter profit beats on aerospace strength Read More »

(Reuters) – Builders FirstSource on Thursday trimmed its annual revenue forecast, after reporting a decline in first-quarter profit and sales due to persistently weak housing construction as well as affordability issues. Elevated mortgage rates and tariff-driven macroeconomic uncertainty have prompted potential customers to reconsider buying homes, leading to suppressed demand for new houses. Shares of …

Builders FirstSource cuts 2025 revenue forecast on weak housing demand Read More »

(Reuters) -Fortive on Thursday forecast 2025 profit below Wall Street estimates, citing potential impacts from tariffs, sending the industrial products maker’s shares down more than 5% in premarket trading. U.S. President Donald Trump’s tariffs on aluminum and steel, and levies on countries including China, have created a risk of disrupting an already-strained supply chain and …

Industrial products maker Fortive forecasts dour 2025 profit on tariff woes Read More »

(Reuters) -Church & Dwight joined its peers with a dour forecast due to the impact of tariffs, and announced strategic actions, including shutting or selling less profitable businesses, sending its shares down 5% in premarket trading. The company expects a Q2 charge of $60–80 million, mainly from non-cash asset impairments and inventory charges tied to …

Church & Dwight revises growth forecast on tariff challenges; plans strategic actions Read More »

(Reuters) -SiriusXM on Thursday reported a smaller-than-expected quarterly decline in subscribers who directly pay for its satellite radio service, driven by demand for exclusive content, including shows from “Call Her Daddy” podcast host Alex Cooper. The satellite radio operator launched two new channels with Cooper in February on the SiriusXM app, “Unwell Music” and “Unwell …

SiriusXM sheds fewer quarterly subscribers on steady demand for exclusive content Read More »

(Reuters) -Invitation Homes reported first-quarter funds from operations (FFO) and revenue above Wall Street estimates on Wednesday, while reiterating its full-year forecast as concerns over possible recession in the U.S. led to more consumers leasing over buying. “We’re pleased to share that new lease rent growth has accelerated each month of 2025 so far,” CEO …

Invitation Homes posts upbeat quarterly results on robust leasing activity Read More »

(Reuters) -Global freight forwarder C.H. Robinson’s first-quarter profit beat Wall Street estimates on Wednesday, helped by new business gains in its global forwarding segment and improved margins in North American surface transportation business. “We outgrew the market in both truckload and less-than-truckload while expanding gross margins and improving productivity,” said CEO Dave Bozeman. “In our …

C.H. Robinson beats quarterly profit estimates on new business gains, improved margins Read More »