By Manas Mishra and Sneha S K (Reuters) -CVS Health raised its full-year profit forecast on Thursday and said it plans to exit the market for Obamacare health insurance plans in 2026, as it seeks to turn around its fortunes after a series of challenges last year. CVS shares jumped 5% to $69.84 after it raised its 2025 profit forecast to $6 to $6.20 per share from $5.75 to $6 previously. CEO D ...
(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 sell-through. WHY IT’S IMPORTANT? Ch ...
By Kalea Hall DETROIT (Reuters) - General Motors (NYSE:GM) cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs. CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve. "There are ongoing discussions ...
By Ananya Mariam Rajesh (Reuters) -Cosmetics giant Estee Lauder (NYSE:EL) forecast a bigger-than-expected drop in fiscal 2025 sales on Thursday, signaling a slowdown in demand for beauty products in the American market and a longer road to recovery in the key China region. Estee has been struggling to revive sales at airports and tourist hubs in China and other major Asian markets as consumer se ...