US Corporate results roundup
Delta Air Lines climbs on growth in ticket sales and its margins
Delta Air Lines yesterday reported a higher-than-expected first quarter profit of $213m and gave a strong outlook for the current period, sending its shares up five per cent. Delta said it expected an operating margin of 14 to 16 per cent for the second quarter.
Dow Chemical eyes improving returns thanks to cuts in costs
Dow Chemical said it expected margins to grow in almost all of its businesses in the near term, after tight cost control helped it lift margins in the first quarter. The biggest American chemical maker reported a higher-than-expected 14 per cent rise in profit, sending its shares up as much as 3.5 per cent.
Growing new markets seal a performance at Tupperware
The rising popularity of Tupperware’s plastic boxes and gadgets in emerging markets has sent the company’s revenues up slightly to $663m in the first quarter. The direct sales firm said Venezuela and China were particular bright spots as it raised its full year guidance.
Dr Pepper Snapple impresses Wall Street with fizzy revenues
Sales of Dr Pepper Snapple’s soft drinks rose one per cent in the first quarter, boosted by growing turnover in Latin America, though carbonated drinks like 7up and Canada Dry lost some of their fizz. Net income rose from $106m to $155m, sending shares in the US firm up almost five per cent yesterday.