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Tyson Foods cuts profit forecast as tight US cattle supplies hurt beef business

Tyson Foods cuts profit forecast as tight US cattle supplies hurt beef business

By Tom Polansek and Neil J Kanatt Aug 3 (Reuters) - Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated.

Snap beats revenue estimates on ad boost from World Cup

Snap beats revenue estimates on ad boost from World Cup

Aug 3 (Reuters) - Snap beat Wall Street estimate for second-quarter revenue on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America. The social media company's shares jumped 9% in extended trading.

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Tyson Foods cuts profit forecast as tight US cattle supplies squeeze beef business

Aug 3 (Reuters) - Tyson Foods lowered its annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. cattle supplies keep livestock costs elevated.

Caterpillar raises 2026 revenue growth target after quarterly profit beat

Caterpillar raises 2026 revenue growth target after quarterly profit beat

Aug 4 (Reuters) - Caterpillar raised its revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.

Marathon Petroleum posts highest profit since 2022 as supply disruptions lift margins

Marathon Petroleum posts highest profit since 2022 as supply disruptions lift margins

Aug 4 (Reuters) - Refiner Marathon Petroleum reported its highest quarterly profit in four years on Tuesday and topped analysts' profit estimates, as prolonged disruptions to crude supplies through the Strait of Hormuz lifted refining margins. Shares of Marathon rose around 2.1% in premarket trade.

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

Marriott forecasts quarterly profit below estimates as Middle East revenue slumps

By Anshuman Tripathy Aug 3 (Reuters) - Marriott International forecast third-quarter profit below Wall Street expectations on Monday as softer demand in the Middle East hurt hotel room revenue, sending shares 7% lower in early trading.

DuPont raises annual profit forecasts after quarterly beat on price hikes, cost cuts

DuPont raises annual profit forecasts after quarterly beat on price hikes, cost cuts

Aug 4 (Reuters) - Industrial materials maker DuPont raised its annual profit forecasts on Tuesday after beating second-quarter estimates, driven by price hikes and the impact of its capital deployment measures.

AstraZeneca investors balk at prospect of $400 billion Bristol Myers pharma deal

AstraZeneca investors balk at prospect of $400 billion Bristol Myers pharma deal

By Maggie Fick LONDON, Aug 3 (Reuters) - AstraZeneca investors punished the pharmaceutical firm on Monday over reports of merger talks with U.S. rival Bristol Myers Squibb that could make one of the world's biggest drugmakers with a combined value of nearly $400 billion.

Snap beats revenue estimates on ad boost from World Cup, shares jump

Snap beats revenue estimates on ad boost from World Cup, shares jump

Aug 3 (Reuters) - Snap beat second-quarter revenue estimates on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America, sending its shares up 9% in extended trading.

Palantir raises annual revenue forecast on strong demand from US government, commercial customers

Palantir raises annual revenue forecast on strong demand from US government, commercial customers

Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong demand for its data analytics software from government and commercial clients. Shares of the company rose 8% in extending trading.

Kimberly-Clark cuts annual forecasts as China disruption weighs on diaper sales

Kimberly-Clark cuts annual forecasts as China disruption weighs on diaper sales

Aug 4 (Reuters) - Kimberly-Clark cut its annual sales and profit forecasts on Tuesday, citing a significant hit to second-quarter sales in China that stemmed from false claims about the quality of some of its diaper brands.

Tyson trims annual profit forecast as tight cattle supplies squeeze beef business

Tyson trims annual profit forecast as tight cattle supplies squeeze beef business

Aug 3 (Reuters) - Tyson Foods cut its annual profit forecast on Monday, warning that losses in its beef business would widen as tight cattle supplies keep livestock costs elevated.