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Centene lifts annual profit forecast on improved cost management

Centene lifts annual profit forecast on improved cost management

By Sneha S K and Sriparna Roy July 28 (Reuters) - Centene on Tuesday raised its annual profit and revenue forecasts after beating estimates for quarterly earnings, as the health insurer kept control of its costs.
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Corning falls 16% after forecasting weaker-than-expected Q3 sales

Corning falls 16% after forecasting weaker-than-expected Q3 sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales that fell slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit, sending its shares down more than 16% in premarket trading.
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Royal Caribbean raises annual profit forecast, flags modest booking hit

Royal Caribbean raises annual profit forecast, flags modest booking hit

By Sanskriti Shekhar July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after reporting stronger-than-expected second-quarter results, even as it factored in a modest hit to bookings from prolonged geopolitical tensions.
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Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.
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Corning falls over 20% after forecasting weaker-than-expected sales

Corning falls over 20% after forecasting weaker-than-expected sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit.
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Cincinnati Financial's quarterly profit falls on higher catastrophe losses

Cincinnati Financial's quarterly profit falls on higher catastrophe losses

July 27 (Reuters) - Property and casualty insurer Cincinnati Financial on Monday reported a fall in second-quarter profit on higher catastrophe losses, sending its shares down 5.1% in extended trading.
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Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall
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PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 (Reuters) - PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".
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Yum CEO faces first big test as Taco Bell outbreak clouds earnings

Yum CEO faces first big test as Taco Bell outbreak clouds earnings

By Neil J Kanatt and Koyena Das July 28 (Reuters) - Yum Brands earnings on Thursday will offer the clearest view yet of whether a growing cyclospora outbreak linked to Taco Bell has hit sales at the fast-food chain's growth driver.
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Company at center of US cyclospora outbreak complained to White House, source says

Company at center of US cyclospora outbreak complained to White House, source says

By Siddhi Mahatole, Bo Erickson, Tom Polansek and Sarah Morland July 27 (Reuters) - U.S. produce supplier Taylor Farms complained to White House and Food and Drug Administration officials about the government's inspection process earlier this month, a source familiar with the meeting said on Monday,
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Coca-Cola lifts annual forecasts on sodas demand after FIFA World Cup powers sales

Coca-Cola lifts annual forecasts on sodas demand after FIFA World Cup powers sales

July 28 (Reuters) - Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States.
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Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year.