Kimberly-Clark lifts 2023 profit forecast on higher prices

(Reuters) – Kimberly-Clark Corp raised its full-year profit forecast on Tuesday as consistent price hikes helped the company post better-than-expected sales in the first quarter, despite weak volumes across all its segments. Like several other consumer goods companies, Kimberly-Clark has been bumping up the prices of its products to offset spiraling costs associated with labor,…

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Northern Trust’s first-quarter profit slightly below estimates as fees plunge

(Reuters) – Wealth manager Northern Trust Corp reported lower-than-expected first-quarter profit on Tuesday, as lower asset management fees dragged down gains from higher interest rates. The results come close on the heels of two of the biggest bank failures in U.S. history that dampened hopes of an economic recovery and shook global markets. Market volatility…

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JetBlue forecasts second-quarter profit above expectations on robust demand 

(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the airline rose 2.64% in premarket trade after it reported a smaller-than-expected quarterly loss. The New-York based carrier maintained an optimal low-cost structure, while adding new…

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Builder PulteGroup beats results expectations on higher home prices

(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for first-quarter profit and revenue as home prices stayed elevated amid limited supply. A shortage of homebuilding supplies had affected the availability of new homes, cushioning prices from the impact of sky-high interest rates that curbed the spending power of potential buyers. Still,…

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