P&G hit by falling beauty and diaper sales
1 hour 6 minutes ago
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Procter & Gamble shares (PG) fell on Tuesday. Consumer goods giants missed out Sales fell short of expectations due to lower sales of cosmetics and diapers.
P&G reported fourth-quarter fiscal 2024 revenue of $20.53 billion, roughly the same as a year ago, compared with the average forecast of $20.75 billion from analysts surveyed by Visible Alpha. Adjusted earnings per share of $1.40 beat expectations.
Beauty sales fell 1% year over year to $3.72 billion, hurt by lower demand for its premium brand SK-II and in Greater China. Baby, Feminine and Family Care sales fell 3% to $5.01 billion. Chief Financial Officer Andre Schulten said supply chain constraints had prevented the company from innovating its Luvs diaper brand.
P&G shares were down nearly 6% in early afternoon trading.
CrowdStrike leads Nasdaq decliners
3 hours 5 minutes ago
Cloud Strike (CRWD) stocks Rapid decrease continue CNBC Delta Airlines (Dal) has hired top lawyer David Boies to seek damages from cybersecurity companies and Microsoft following the global IT outage on July 19.
Boyce, chairman of Boyce Schiller Flexner, represented the U.S. government in an antitrust lawsuit against Microsoft and helped secure same-sex marriage rights in California. CNBC I got it.
A flaw in CrowdStrike’s software update caused an outage for Microsoft’s cloud services. Thousands of flights canceled or delayed Delta is a global leader in The most affected of major airlines.
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CrowdStrike shares fell more than 8% in recent trading, leading the overall Nasdaq decline.
ARM Holdings shares continue to fall ahead of earnings announcement
3 hours 32 minutes ago
Shares in semiconductor design giant ARM Holdings (ARM) were down 4% at the start of trading on Tuesday, after falling more than 5% in the previous trading day following the downgrade by HSBC.
The company: For revenue reporting The company’s shares fell by more than a quarter on Wednesday after closing at an all-time high on July 10.
However, this decline occurred on relatively light trading volume, suggesting the stock may be trending lower rather than seeing a long-term reversal.
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Stock Futures
4 hours 58 minutes ago
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