By Prakhar Srivastava (Reuters) -Intercontinental Exchange beat Wall Street estimates for first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments. Shares of the New York Stock Exchange parent were up 1.2%. Global commodity and energy markets have experienced significant volatility due to shifting U.S. trade policies and concerns ove ...
(Reuters) -Hershey posted a smaller-than-expected drop in sales for the first quarter and beat profit estimates on Thursday, helped by steady demand for its salty snacks business in North America. Sales in Hershey’s North America snack business, home to Dot’s pretzels and SkinnyPop popcorn, got a boost as the company reduced prices after several quarters of hikes. Its quarterly organic volume ...
Investing.com -- Arvinas, Inc. (NASDAQ:ARVN) shares fell sharply by 29% as the market reacted to the company’s announcement of a significant workforce reduction and the removal of two Phase 3 trials from its development plan. Despite reporting positive topline results from the Phase 3 VERITAC-2 trial and presenting promising data for its neuroscience program, the clinical-stage biotechnology fir ...
(Reuters) -Three of India’s top four carmakers reported weak sales to dealers in April, company data showed on Thursday, as buyers delayed purchases amid concerns about slowing economic growth. Market leader Maruti Suzuki posted a marginal 0.6% year-on-year rise, while Hyundai Motor (OTC:HYMTF) India and Tata Motors (NYSE:TTM) clocked declines of 11.6% and 5.1%, respectively. Mahindra & M ...