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Total Plans $5 Billion of Asset Sales in 2019/20

Total Plans $5 Billion of Asset Sales in 2019/20

French energy giant Total S.A (TOT) said early on Thursday that it plans to divest $5 billion of assets in high breakeven areas of the business while reporting adjusted earnings that missed guidance in the second quarter as natural gas prices plunged in Europe and Asia. Revenue from sales fell […]

Chewy’s First-Quarter Revenue Jump Prompts Price Target Increase From Morgan Stanley

Chewy’s First-Quarter Revenue Jump Prompts Price Target Increase From Morgan Stanley

Pet food company Chewy (CHWY) posted fiscal first-quarter revenue which was broadly in line with analysts’ estimates after markets closed on Thursday, as its improving net loss prompted Morgan Stanley to raise its price target on the stock. The Dania, Fla.-based e-commerce company, which was launched in 2011, reported net […]

Johnson & Johnson’s Second-Quarter Sales Slow But Outcome Tops Expectations

Johnson & Johnson’s Second-Quarter Sales Slow But Outcome Tops Expectations

Johnson & Johnson (JNJ), the maker of consumer, pharmaceutical and medical, reported declines in sales for its second quarter although the result was still better than the consensus, while earnings also came in ahead of expectations. Reported sales fell 1.3% to $20.56 billion, but that was ahead of the consensus […]