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Blue Owl's profit beats on higher fee-related earnings, AUM reaches $315 billion

Blue Owl's profit beats on higher fee-related earnings, AUM reaches $315 billion

By Isla Binnie and Manya Saini April 30 (Reuters) - Alternative asset manager Blue Owl beat Wall Street estimates for first-quarter profit on Thursday, driven by higher fee-related earnings and growth in assets under management.

Insurer AIG's quarterly profit surges on steep fall in catastrophe losses

Insurer AIG's quarterly profit surges on steep fall in catastrophe losses

April 30 (Reuters) - Insurer AIG posted a sharp rise in quarterly adjusted profit on Thursday, driven by strong underwriting and a steep decline in catastrophe-related losses from a year earlier when the industry was hit by claims from the Los Angeles wildfires.

Royal Caribbean cuts annual profit forecast, sees higher fuel costs

Royal Caribbean cuts annual profit forecast, sees higher fuel costs

April 30 (Reuters) - Royal Caribbean cut its annual earnings forecast on Thursday, even after it reported a better-than-expected quarterly profit, as surging fuel costs linked to the Iran war weigh on the cruise operator.

Stryker misses quarterly estimates on muted demand for medical devices

Stryker misses quarterly estimates on muted demand for medical devices

April 30 (Reuters) - U.S. medical device maker Stryker on Thursday maintained its full-year profit outlook but missed Wall Street estimates for first-quarter profit and revenue, weighed down by softer demand for implants and devices used in complex procedures ranging from spinal to orthopedic

Intercontinental Exchange beats profit estimates on robust trading activity

Intercontinental Exchange beats profit estimates on robust trading activity

April 30 (Reuters) - Intercontinental Exchange reported first-quarter profit on Thursday that exceeded analysts' expectations as heightened market volatility boosted trading volumes for the New York Stock Exchange parent.

General Dynamics beats quarterly estimates on marine, aerospace strength

General Dynamics beats quarterly estimates on marine, aerospace strength

April 29 (Reuters) - General Dynamics on Wednesday beat Wall Street estimates for first-quarter profit and revenue driven by continued strength in its marine and aerospace segments, sending the company's shares up nearly 5% before the bell.

Gallagher's profit jumps on AssuredPartners buy, commissions and fees growth

Gallagher's profit jumps on AssuredPartners buy, commissions and fees growth

April 30 (Reuters) - Arthur J. Gallagher reported a jump in first-quarter profit on Thursday, as the insurance broker benefited from the acquisition of rival AssuredPartners and growth in commissions and fees.

Bill Ackman's Pershing Square raises $5 billion for new US fund

Bill Ackman's Pershing Square raises $5 billion for new US fund

April 28 (Reuters) - Bill Ackman's Pershing Square has raised $5 billion for its new closed-end ‌fund that is part of a combined U.S. initial public offering of the alternative asset management company, the firm said on Tuesday.

Visa quarterly profit rises on resilient consumer spending

Visa quarterly profit rises on resilient consumer spending

By Pritam Biswas and Rishab Shaju April 28 (Reuters) - Visa reported a higher second-quarter profit on Tuesday as the world's largest payment processor benefited from a steady rise in payment volumes despite ongoing macroeconomic uncertainty, sending its shares up about 4% in extended trading.

Visa shares climb as profit beat, raised forecast ease Middle East jitters

Visa shares climb as profit beat, raised forecast ease Middle East jitters

By Pritam Biswas April 29 (Reuters) - Visa shares jumped 5% in premarket trading on Wednesday after the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, as consumer spending remained strong.

PPG beats quarterly profit, revenue estimates on pricing strength

PPG beats quarterly profit, revenue estimates on pricing strength

April 28 (Reuters) - PPG Industries beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by price hikes and strong demand in the aerospace and coatings segments.

Ackman's Pershing Square, new fund set to list in hotly anticipated debut

Ackman's Pershing Square, new fund set to list in hotly anticipated debut

By Utkarsh Shetti April 29 (Reuters) - Bill Ackman's Pershing Square and his closed-end fund are set to list on the New York Stock Exchange on Wednesday, in a much-anticipated debut that will give investors exposure to the billionaire activist's storied hedge fund.